本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步做好投资者关系管理工作,加强与广大投资者的互动交流，广州凡 拓数字创意科技股份有限公司（以下简称"公司"）将参加由广东证监局、广东 上市公司协会与深圳市全景网络有限公司联合举办的"向新提质 价值领航 2025 年广东辖区上市公司投资者网上集体接待日活动"，现将相关事项公告如下： 证券代码：301313 证券简称：凡拓数创 公告编号：2025-060 广州凡拓数字创意科技股份有限公司 关于参加广东辖区 2025 年投资者网上集体接待日活动的公告 特此公告！ 广州凡拓数字创意科技股份有限公司 董 事 会 2025 年 9 月 16 日 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP, 参与本次互动交流，活动时间为 2025 年 9 月 19 日（周五）15:30-17:00。 届时公司高管将在线就 2025 年半年度业绩、公司治理、发展战略、经营状 况、融资计划、股权激励和可持续发展等投资者关心的问题， ...

Market Performance - The digital media sector increased by 0.9% on September 16, with Shengyibao leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Shengyibao (002095) closed at 21.20, up 3.21% with a trading volume of 104,400 shares and a turnover of 220 million yuan [1] - Zhidema (300785) closed at 41.83, up 2.57% with a trading volume of 133,400 shares [1] - Visual China (000681) closed at 21.27, up 2.41% with a trading volume of 372,300 shares and a turnover of 783 million yuan [1] - Other notable stocks include Fengyuzhu (603466) at 10.02, up 1.73%, and Zhangyue Technology (603533) at 20.22, up 1.46% [1] Capital Flow Analysis - The digital media sector saw a net inflow of 88.94 million yuan from institutional investors, while retail investors experienced a net outflow of 78.77 million yuan [2] - The main capital inflow was observed in Visual China with 65.01 million yuan, while Zhidema had a net inflow of 25.55 million yuan [3] - Conversely, *ST Fanli (600228) and Chuanwang Media (300987) experienced net outflows of 2.53 million yuan and 0.21 million yuan respectively [3]

Market Overview - On September 12, the digital media sector experienced a slight decline of 0.1%, with Mango Excellent Media leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the digital media sector included: - Zhi De Mai (300785) with a closing price of 40.39, up 5.02% [1] - ST Fan Li (600228) with a closing price of 4.92, up 3.80% [1] - Xinhua Net (603888) with a closing price of 20.43, up 1.59% [1] - Conversely, Mango Excellent Media (300413) saw a decline of 2.19%, closing at 29.42 [2] Capital Flow Analysis - The digital media sector saw a net inflow of 27.01 million yuan from institutional investors, while retail investors contributed a net inflow of 72.87 million yuan [2] - However, there was a significant net outflow of 99.87 million yuan from speculative funds [2] Individual Stock Capital Flow - Key stocks and their capital flow included: - People's Daily (603000) had a net inflow of 39.58 million yuan from institutional investors, but a net outflow of 25.56 million yuan from speculative funds [3] - Xinhua Net (603888) experienced a net inflow of 14.11 million yuan from institutional investors [3] - ST Fan Li (600228) had a net inflow of 13.85 million yuan from institutional investors [3]

Core Insights - The stock of Guangzhou Fantuo Digital Creative Technology Co., Ltd. increased by 5.31% on September 1, reaching a price of 28.16 CNY per share, with a trading volume of 90.23 million CNY and a turnover rate of 4.98%, resulting in a total market capitalization of 2.913 billion CNY [1] Company Overview - Guangzhou Fantuo Digital Creative Technology Co., Ltd. was established on September 24, 2002, and went public on September 30, 2022. The company specializes in providing digital creative products and integrated digital solutions [1] - The revenue composition of the company is as follows: integrated digital solutions account for 74.33%, digital twin and information software for 14.33%, 3D visualization products and services for 11.28%, and other supplementary services for 0.07% [1] Shareholder Information - The top circulating shareholder of Fantuo Digital Creative Technology is a fund under Great Wall Fund, specifically the Great Wall CSI 360 Internet + Index A (002236), which entered the top ten circulating shareholders in the second quarter, holding 584,900 shares, representing 0.88% of the circulating shares. The estimated floating profit for today is approximately 830,600 CNY [2] - The Great Wall CSI 360 Internet + Index A fund was established on February 3, 2016, with a current scale of 698 million CNY. Year-to-date returns are 34.91%, ranking 928 out of 4223 in its category; the one-year return is 90.29%, ranking 503 out of 3780; and since inception, the return is 218.19% [2]

Summary of the Conference Call for Vantou Digital Creation Company Overview - **Company**: Vantou Digital Creation - **Industry**: Digital Twin Technology and Digital Culture Key Points and Arguments Financial Performance and Outlook - In the first half of 2025, Vantou's overall performance improved, with digital integration service revenue increasing by 46% compared to the previous year, driven by a strong order backlog and a favorable industry environment [3] - Despite expected revenue growth in the second half of 2025 due to a low base last year, profit margins are under pressure from intense market competition and investments in new businesses [3][2] - Operating cash flow increased by over 80% in the first half, but there is uncertainty regarding cash collection in the second half [3] Strategic Shift and Business Model - The company is transitioning from traditional digital creativity to digital twin information products and is actively exploring the ToC (consumer) digital culture sector [2] - Vantou is collaborating with cultural institutions like Taishan and the National Library to monetize through IP partnerships and ticket revenue sharing [2][6] - The focus is on developing standardized software in the digital twin field, integrating simulation and high-speed rendering technologies to attract developers [2][8] Digital Twin Technology Development - Vantou aims to enhance its digital twin business by developing AI-driven 3D solutions, improving virtual scene construction, and data simulation capabilities [16] - The company is concentrating on three sectors: water resources, energy, and smart manufacturing, leveraging mergers and acquisitions for market positioning and technological synergy [24][25] Challenges and Opportunities in ToC Business - While the ToC business appears lucrative, challenges include sourcing attractive IP and managing high operational costs [11] - The success of certain IPs in the market is attributed to strong operational capabilities and the element of chance [12][13] AI Technology Impact - The proliferation of AI technology lowers the barriers to digital content creation, but Vantou's extensive 3D asset library and upgraded rendering engine provide a significant competitive advantage [14] - The company does not directly commercialize 3D assets but develops specific applications based on these assets [15] Future Development Plans - Vantou plans to standardize its digital twin software and attract developers to create personal and enterprise tools [9] - The company is focused on enhancing its operational capabilities in the ToC sector while continuing to innovate in digital culture projects [10] Acquisition Strategy - Vantou has made strategic acquisitions in water and information technology sectors and is actively seeking additional targets, although finding suitable candidates remains challenging [26] Stock Incentive Plans - The company is under pressure to meet its stock incentive goals for 2025 and plans to continue its tradition of stock incentives every two to three years [27] Collaboration with Lixun Precision - The partnership with Lixun Precision is progressing well, with order values increasing significantly [28] Future Outlook - Vantou is positioned in the virtual reality industry, which is expected to evolve significantly, and aims to grow through both organic development and strategic acquisitions [29]

Core Viewpoint - The recent financial report of Fantuo Shuchuang (301313) shows significant revenue growth but also highlights concerns regarding net profit and cash flow management [1][2]. Financial Performance - The total revenue for the reporting period reached 320 million yuan, representing a year-on-year increase of 53.79% [1]. - The net profit attributable to the parent company was -46.86 million yuan, showing a year-on-year improvement of 33.07% [1]. - In Q2, total revenue was 186 million yuan, up 41.35% year-on-year, while the net profit attributable to the parent company was -24.24 million yuan, an increase of 27.49% year-on-year [1]. Profitability Metrics - The gross margin was 26.62%, down 11.83% year-on-year, while the net margin was -14.66%, an increase of 56.98% year-on-year [1]. - The total of selling, administrative, and financial expenses was 94.84 million yuan, accounting for 29.68% of revenue, a decrease of 31.92% year-on-year [1]. - Earnings per share were -0.45 yuan, reflecting a year-on-year increase of 32.84% [1]. Accounts Receivable and Cash Flow - The accounts receivable were substantial, with the ratio of accounts receivable to total revenue at 92.41% [1]. - The cash flow per share was 0.03 yuan, showing a significant year-on-year increase of 103.19% [1]. Historical Performance and Investment Return - The historical median Return on Invested Capital (ROIC) since the company went public is 8.18%, with the worst year being 2024, which recorded a ROIC of -19.26% [2]. - The company has reported a net margin of -51.72% in the previous year, indicating low added value in its products or services [2]. Financial Health Indicators - The cash flow situation is concerning, with a cash and cash equivalents to current liabilities ratio of only 65.74% [3]. - The average net cash flow from operating activities over the past three years has been negative, raising red flags about financial sustainability [3].

Market Overview - On August 28, the digital media sector rose by 0.12% compared to the previous trading day, with *ST Fanli leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] Stock Performance - The following stocks in the digital media sector showed notable performance: - *ST Fanli (600228) closed at 4.73, up 4.19% with a trading volume of 227,300 shares and a turnover of 108 million yuan [1] - Zhangyue Technology (603533) closed at 22.20, up 1.98% with a trading volume of 196,800 shares and a turnover of 433 million yuan [1] - Mango Super Media (300413) closed at 25.90, up 1.17% with a trading volume of 283,500 shares and a turnover of 727 million yuan [1] - Other stocks like Xinhua Net (603888) and Shining Technology (301313) also saw slight increases [1] Capital Flow - The digital media sector experienced a net outflow of 396 million yuan from institutional investors, while retail investors saw a net inflow of 362 million yuan [2][3] - The following stocks had significant capital flow: - *ST Fanli had a net inflow of 13.37 million yuan from institutional investors, but a net outflow from retail investors [3] - Other stocks like Mango Super Media and Zhangyue Technology faced net outflows from institutional investors but had varying net inflows from retail investors [3]

Group 1 - The board of directors of Guangzhou Fantuo Digital Creative Technology Co., Ltd. held its 15th meeting on August 26, 2025, to discuss various resolutions [1] - The board approved the company's 2025 semi-annual report, confirming that it accurately reflects the company's operational status and results [2][3] - The board also approved a special report on the storage and use of raised funds, confirming compliance with relevant regulations and no misuse of funds [2][3] Group 2 - The board approved a proposal to change the company's registered capital and amend the articles of association, resulting in a reduction of total shares from 10,469.34 million to 10,345.34 million due to the completion of the repurchase and cancellation of restricted stock [3][4] - The board passed multiple amendments to internal management systems, including fundraising management, information disclosure, and risk management, all receiving unanimous approval [5][6] Group 3 - The board approved a proposal to apply for a merger loan of up to 61 million yuan, secured by 51% equity of a subsidiary, Zhejiang Yugong Information Technology Co., Ltd. [7] - The board proposed to increase the bank's credit limit from 450 million yuan to 600 million yuan to meet operational and project funding needs [8] Group 4 - The board decided to hold the third extraordinary general meeting of shareholders on September 16, 2025, to discuss the approved proposals [8]

Group 1 - The company Guangzhou Fantuo Digital Creative Technology Co., Ltd. announced a change in registered capital and amendments to its Articles of Association [1][2] - The board of directors approved the proposal to change the registered capital and amend the Articles of Association during the 15th meeting of the fourth board on August 26, 2025, but it requires shareholder approval [1][2] - The company repurchased and canceled 1.24 million shares from the 2023 restricted stock incentive plan, reducing the total share capital from 10,469.34 million shares to 10,345.34 million shares, and the registered capital from 10,469.34 million yuan to 10,345.34 million yuan [1] Group 2 - The amendments to the Articles of Association are in accordance with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China [2] - The revised Articles of Association will be published on the company's official information platform and require approval from two-thirds of the voting rights at the shareholders' meeting to take effect [2] - The board of directors is authorized to handle the registration of the amended Articles of Association with the market supervision administration [2]

广州凡拓数字创意科技股份有限公司 董事会议事规则 第一章 总则 第一条 为了进一步规范广州凡拓数字创意科技股份有限公司（以下简称"公 司"）董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提 高董事会规范运作和科学决策水平，根据《中华人民共和国公司法》、《中华人 民共和国证券法》、《广州凡拓数字创意科技股份有限公司章程》（以下简称"《公 司章程》"）以及国家其他法律法规的有关规定，制订本规则。 第二章 董事会的组成和职权 第二条 公司依法设立董事会，董事会对股东会负责。 第三条 公司董事会由7名董事组成（其中1名为职工代表董事），其中独立 董事人数不低于董事会组成人数的1/3。 第四条 非职工代表董事由股东会选举或更换，任期三年。董事任期届满， 可连选连任；独立董事每届任期与公司其他董事任期相同，任期届满，可以连选 连任，但是连续任职不得超过六年。 董事任期从就任之日起计算，至本届董事会任期届满时为止。董事任期届满 未及时改选，在改选出的董事就任前，原董事仍应当依照法律、行政法规、部门 规章和本章程的规定，履行董事职务。 非独立董事可以由总经理或者其他高级 管理人员兼任，但兼任总经理或者其他高级 ...