Market Overview - The digital media sector experienced a slight decline of 0.02% on January 21, with Fengyuzhu leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Stock Performance - Notable gainers in the digital media sector included: - Zhaochuang Information (301299) with a closing price of 62.50, up 5.40% and a trading volume of 50,800 [1] - People's Daily (603000) closed at 24.47, up 4.08% with a trading volume of 1,289,000 [1] - Significant decliners included: - Fengyuzhu (603466) which fell by 9.81% to a closing price of 9.29, with a trading volume of 705,000 [2] - Zhidingmai (300785) decreased by 3.67% to 59.66, with a trading volume of 179,500 [2] Capital Flow - The digital media sector saw a net outflow of 931 million yuan from institutional investors, while retail investors contributed a net inflow of 799 million yuan [2] - The capital flow for individual stocks showed: - Shengyibao (002095) had a net inflow of 12.60 million yuan from institutional investors [3] - Fengyuzhu (603466) experienced a significant net outflow of 57.04 million yuan from institutional investors [3] Summary of Individual Stocks - The following stocks had notable capital movements: - Guomai Culture (600640) saw a net inflow of 5.95 million yuan from institutional investors [3] - Mango Super Media (300413) had a net outflow of 13.91 million yuan from institutional investors [3] - Xinhua Net (603888) experienced a net outflow of 52.27 million yuan from institutional investors but a net inflow of 70.07 million yuan from retail investors [3]

证券代码：603466 证券简称：风语筑 公告编号：2026－004 债券代码：113643 债券简称：风语转债 上海风语筑文化科技股份有限公司2025年度业绩预告 公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的 真实性、准确性和完整性承担个别及连带责任。 重要内容提示： （二）业绩预告情况 经公司财务部门初步测算，预计2025年度实现归属于母公司所有者的净利润-3,000万元到-2,000万元， 与上年同期（法定披露数据）相比，仍为亏损状态。 预计2025年度实现归属于母公司所有者的扣除非经常性损益的净利润-3,100万元到-2,100万元，与上年 同期（法定披露数据）相比，仍为亏损状态。 （三）本次业绩预告未经注册会计师审计。 二、上年同期经营业绩和财务状况 2024年度，利润总额-163,640,743.27元，归属于母公司所有者的净利润-135,444,608.36元；归属于母公 司所有者的扣除非经常性损益的净利润-116,462,803.11元；每股收益-0.23元。 ● 本期业绩预告适用于净利润为负值的情形。 ● 上海风语筑文化科技股份有限公司（以下简称 ...

格隆汇1月20日丨风语筑(603466.SH)公布，经公司财务部门初步测算，预计2025年度实现归属于母公司 所有者的净利润-3,000万元到-2,000万元，与上年同期（法定披露数据）相比，仍为亏损状态。预计 2025年度实现归属于母公司所有者的扣除非经常性损益的净利润-3,100万元到-2,100万元，与上年同期 （法定披露数据）相比，仍为亏损状态。 报告期内，受市场整体环境影响，公司经营仍面临一定压力，归属于上市公司股东的净利润预计为亏 损，但亏损金额较上年同期大幅减少，经营状况呈现改善态势。营收端预计实现增长：公司聚焦传统文 化IP创新转化，成功打造"东坡乐事""古榕文学村"等标杆性城市策展项目，通过在地文化挖掘、沉浸式 消费场景塑造与多元业态转型，驱动营收规模实现增长。 ...

南财智讯1月20日电，风语筑发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为-2000 万元到-3000万元；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利润为-2100万元 到-3100万元。变动原因：报告期内，受市场整体环境影响，公司经营仍面临一定压力，归属于上市公 司股东的净利润预计为亏损，但亏损金额较上年同期大幅减少，经营状况呈现改善态势。营收端预计实 现增长：公司聚焦传统文化IP创新转化，成功打造"东坡乐事""古榕文学村"等标杆性城市策展项目，通 过在地文化挖掘、沉浸式消费场景塑造与多元业态转型，驱动营收规模实现增长。亏损原因：尽管营收 实现增长，但公司人工成本和期间费用等支出具有较强刚性，短期内难以显著压缩，致使公司整体仍处 于亏损状态。报告期内，公司强化资金管理与回款力度，本期经营活动产生的现金流量净额预计约为2 亿元，现金回流能力和财务状况持续保持良好水平，为公司持续稳健经营与业务拓展提供坚实保障。 ...

| 证券代码：603466 | 证券简称：风语筑 | 公告编号：2026－004 | | --- | --- | --- | | 债券代码：113643 | 债券简称：风语转债 | | 上海风语筑文化科技股份有限公司 2025年度业绩预告 公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 一、 本期业绩预告情况 本期业绩预告适用于净利润为负值的情形。 上海风语筑文化科技股份有限公司（以下简称"公司"）预计 2025 年度实 现归属于母公司所有者的净利润为-3,000 万元到-2,000 万元；预计 2025 年度实现归属于母公司所有者的扣除非经常性损益的净利润-3,100 万元 到-2,100 万元。 三、本期业绩变化的主要原因 1. 报告期内，受市场整体环境影响，公司经营仍面临一定压力，归属于上 市公司股东的净利润预计为亏损，但亏损金额较上年同期大幅减少，经营状况呈 现改善态势。 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日 （二）业绩预告情况 经公司财务部门初步测算 ...

风语筑公告，预计2025年度实现归属于母公司所有者的净利润为-3000万元到-2000万元；预计2025年度 实现归属于母公司所有者的扣除非经常性损益的净利润-3100万元到-2100万元。2024年度，归属于母公 司所有者的净利润-1.35亿元；归属于母公司所有者的扣除非经常性损益的净利润-1.16亿元。 ...

格隆汇1月20日丨风语筑(603466.SH)公布，经公司财务部门初步测算，预计2025年度实现归属于母公司 所有者的净利润-3,000万元到-2,000万元，与上年同期（法定披露数据）相比，仍为亏损状态。预计 2025年度实现归属于母公司所有者的扣除非经常性损益的净利润-3,100万元到-2,100万元，与上年同期 （法定披露数据）相比，仍为亏损状态。 报告期内，受市场整体环境影响，公司经营仍面临一定压力，归属于上市公司股东的净利润预计为亏 损，但亏损金额较上年同期大幅减少，经营状况呈现改善态势。营收端预计实现增长：公司聚焦传统文 化IP创新转化，成功打造"东坡乐事""古榕文学村"等标杆性城市策展项目，通过在地文化挖掘、沉浸式 消费场景塑造与多元业态转型，驱动营收规模实现增长。 ...

Group 1 - The digital media sector saw a slight increase of 0.33% on January 15, with Visual China leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Visual China and People's Daily both experienced a significant rise of 9.99% in their stock prices [1] Group 2 - The digital media sector experienced a net outflow of 128 million yuan from institutional investors and 277 million yuan from speculative funds, while retail investors saw a net inflow of 405 million yuan [2] - The stock performance of various companies in the digital media sector showed mixed results, with some companies like Worth Buying and Sichuan Media experiencing declines of 20% and 8.64% respectively [2] - The net inflow and outflow of funds varied significantly among companies, with Visual China having a net inflow of 61 million yuan from institutional investors, while others like ST Rebate and Mango Super Media faced substantial outflows [3]

Group 1 - AI is extending from cloud computing to factory production lines and pharmaceutical laboratories, indicating a shift in the wealth map for the next five years [1] - A closed-door seminar hosted by 21st Century Business Herald gathered nearly 30 distinguished guests, including economists, asset management executives, and scientists, to discuss the new cycle in capital markets driven by technology narratives [1] - The seminar highlighted the importance of strategic emerging industries such as AI, new energy vehicles, and semiconductors, which have moved beyond their initial stages and are entering commercialization [2][5] Group 2 - The chief economist of Zheshang Bank presented a model analyzing the economic outlook, predicting that 2026 will be a turning point for recovery, driven by the digestion of external shocks and the initiation of a new investment cycle [2] - The seminar participants expressed a consensus that the current AI investment landscape does not exhibit signs of a bubble, as current investments are still a small fraction of GDP [6] - The discussion emphasized the need for patience in capital investment, particularly in hard technology sectors, where long-term commitment is essential for success [9][10] Group 3 - The challenges of transitioning from advanced laboratory technologies to stable production and sustainable business models were a major topic of discussion, highlighting the gap between academia and industry [8] - Companies in the hard technology sector face significant challenges, including talent competition and the need for commercial viability, which require a balance between short-term performance and long-term R&D investment [9] - The consensus among industry experts is that a new cycle defined by hard technology is emerging in the capital market, focusing on deep understanding, capital patience, and industry integration [10]

Group 1 - AI is extending from cloud computing to factory production lines and pharmaceutical laboratories, indicating a shift in the wealth map for the next five years [1] - A closed-door seminar hosted by 21st Century Business Herald gathered nearly 30 distinguished guests, including economists, asset management executives, and scientists, to discuss the new cycle in capital markets driven by technology narratives [1] - The seminar highlighted the importance of strategic emerging industries such as AI, new energy vehicles, and semiconductors, which have moved from a nascent stage to a more robust phase of commercialization [5][6] Group 2 - The chief economist of Zheshang Bank presented a model analyzing the economic outlook across 31 primary industries and 124 secondary industries, predicting that 2026 will be a turning point for economic recovery [3] - The discussion emphasized that the negative impacts of external shocks on traditional industries are gradually being absorbed, with the real estate sector's downturn affecting various related industries [3] - A consensus emerged that a new investment cycle is likely to begin in the second half of 2026, supported by more proactive fiscal policies focusing on both "things" and "people" [5] Group 3 - Concerns about the potential bubble in AI investments were addressed, with most industry representatives rejecting the notion of a bubble, citing that current AI investments are still a small fraction of GDP [9][7] - The discussion revealed that AI is seen as a driver of productivity improvements, with companies leveraging AI technologies to enhance operational efficiency [10][11] - The challenges of transitioning from advanced research to stable delivery in production and achieving sustainable business models in the capital market were highlighted as significant hurdles [11] Group 4 - The need for a balance between short-term performance and long-term AI research investments was emphasized by representatives from robotics and semiconductor companies [14] - The concept of "patient capital" was introduced as essential for hard technology enterprises, with a focus on long-term investments in strategic sectors like computing chips and quantum computing [12][14] - The seminar concluded with a clear consensus on the investment focus being on embracing AI and computing infrastructure, while seeking applications that address real pain points and emphasizing globally competitive companies [15]