第五届董事会第五次会议决议公告 证券代码：002878 证券简称：元隆雅图 公告编号：2025-034 北京元隆雅图文化传播股份有限公司 关于第五届董事会第五次会议决议的公告 本公司及全体董事会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。 一、会议召开情况 第五届董事会第五次会议决议公告 2025 年 6 月 26 日，北京元隆雅图文化传播股份有限公司（简称"公司"） 第五届董事会第五次会议以现场结合通讯方式召开（本次会议通知于 2025 年 6 月 19 日以邮件形式送达全体董事）。公司董事应到 7 人，实到 7 人，公司部分 高级管理人员列席会议。本次会议的召开和表决程序符合《中华人民共和国公司 法》及《北京元隆雅图文化传播股份有限公司章程》相关规定。会议由董事长孙 震先生主持。 二、决议情况 经表决，会议审议通过了以下议案： （一）审议通过《关于公司向北京银行股份有限公司天桥支行申请综合授 信额度的议案》 根据公司生产经营活动的需要，决定继续向北京银行股份有限公司天桥支行 申请综合授信业务，拟申请综合授信额度 8,000 万元人民币，其中 1,000 万元人 民币亦可由 ...

Core Viewpoint - The article discusses the phenomenon of companies in the capital market "riding the coattails" of popular trends, particularly in relation to the success of Pop Mart's Labubu blind boxes, highlighting the superficial nature of many corporate partnerships and the potential risks to investors [1][2][3]. Group 1: Market Behavior - Companies like Wangfujing, Yuanlong Yatu, Wanda Film, and Debi Group have publicly announced collaborations with Pop Mart, but these announcements often lack substantial financial data to support claims of significant performance improvement [1][2]. - The trend of companies associating with popular concepts reflects a broader anxiety within traditional retail, as they seek to attract attention and investment by leveraging market fads rather than focusing on genuine performance [1][3]. Group 2: Impact on Investors - The superficial nature of these partnerships can mislead retail investors, who may be drawn in by enticing narratives only to find that the anticipated benefits do not materialize, leading to potential losses [4]. - The recent decline in Pop Mart's stock price, which saw a market value drop of over 20 billion HKD and a decline of more than 6%, exemplifies the volatility and risks associated with such speculative behaviors [4]. Group 3: Regulatory and Corporate Responsibility - There is a call for improved regulatory frameworks to ensure that companies disclose specific financial metrics related to their partnerships, thereby reducing ambiguity and potential misinformation [5]. - Companies are urged to adopt a more responsible approach to market engagement, focusing on transparent communication about the nature and scale of their business activities rather than vague statements that could mislead investors [5]. Group 4: Long-term Value Creation - The article emphasizes that the capital market will ultimately return to valuing companies based on their ability to generate sustainable cash flow, rather than on transient market trends [5]. - Companies that concentrate on their core business and maintain solid operational practices are likely to be recognized and rewarded by the market over time [5].

Core Viewpoint - The new consumption investment trend, driven by潮玩IP, national trend gold, pet economy, and new tea drinks, has gained momentum in 2023, with many new consumption companies seeing stock price increases of over 30% since the second quarter, attracting extensive institutional investor interest [1]. Group 1: New Consumption Companies - Leading new consumption stocks such as 泡泡玛特, 老铺黄金, and 中宠股份 have shown strong performance, with institutional investors conducting multiple research sessions [3]. - 潮宏基 has been researched by 178 institutions three times since mid-April, with a stock price increase of 74.71% in Q2 and 183.42% over the past year. The company plans to expand its brand internationally in 2025 [3]. - 周大生 attracted 216 institutions for 14 research sessions, with new self-operated stores focusing on gold and embedded products [3]. - 新兴珠宝企业曼卡龙 has been researched 16 times by 113 institutions, with a stock price increase of 79.78% in Q2, emphasizing its online capabilities to meet young consumers' preferences [4]. - 中宠股份, a leader in pet food, held two research activities attracting 221 institutions, while 天元宠物 was researched by 45 institutions six times, with a stock price increase of 38.82% in Q2 [4]. Group 2: Investment Logic and Strategy - The unique characteristics of new consumption companies have led fund managers to adjust their strategies, focusing on individual stock research rather than top-down approaches due to the scarcity of listed companies in niche markets [5]. - The research framework for new consumption differs significantly from traditional consumption, emphasizing product strength and consumer-driven purchasing rather than channel power [5]. Group 3: Future Investment Opportunities - Institutions are focusing on new consumption investment opportunities as the year progresses, with 国信证券 identifying seven main lines for investment: digital economy, self-care consumption, emotional value consumption, health economy, convenience economy, alternative economy, and value-driven consumption [6].

截至6月20日收盘，短剧游戏概念下跌3.07%，位居概念板块跌幅榜前列，板块内，元隆雅图跌停，川 网传媒、中文在线、思美传媒等跌幅居前。 今日涨跌幅居前的概念板块 | 300571 | 平治信息 | -2.23 | 3.18 | 110.08 | | --- | --- | --- | --- | --- | | 000892 | 欢瑞世纪 | -4.25 | 10.46 | 167.97 | | 002739 | 万达电影 | -1.32 | 0.78 | 182.71 | | 603868 | 飞科电器 | -0.64 | 0.17 | 212.60 | | 000156 | 华数传媒 | -1.56 | 0.60 | 349.66 | | 301262 | 海看股份 | -3.89 | 4.73 | 557.06 | | 300413 | 芒果超媒 | -0.75 | 1.13 | 1340.31 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 资金面上看，今日短剧游戏概念板块获主力资金净流出17.73亿元，其中，44股获主力资金净流出，8股 主力资金净流出超 ...

Market Overview - The major indices experienced a collective decline, with the Shanghai Composite Index down 0.07% at 3359 points, the Shenzhen Component down 0.47%, and the ChiNext Index down 0.84% [3] - Over 3600 stocks declined, indicating a weak profit-making environment [3] Strong Performing Sectors - The liquor sector showed significant strength, with stocks like Huangtai Liquor hitting the daily limit, while others like Moutai and Wuliangye remained in the green. This surge is attributed to recent positive consumer recovery signals and reasonable valuations after a period of adjustment [3][4] - The shipping sector also performed well, with stocks such as Ningbo Shipping and Xingtong Co. hitting the daily limit. This is likely linked to rising freight rates and improvements in supply-demand dynamics in the international shipping market [3][4] Banking Sector - Bank stocks, including Minsheng Bank and Xiamen Bank, showed resilience, driven by low valuations and attractive dividend yields, making them a defensive choice amid market uncertainties [4] Weak Performing Sectors - The brain-computer interface concept stocks faced significant declines, with companies like Aipeng Medical and Beiyikang dropping over 10%. This sector, previously driven by speculative trading, is vulnerable to market sentiment shifts [4] - The oil and gas sector also saw a downturn, with companies like Beiken Energy nearing a limit down. This is influenced by recent volatility in international oil prices and profit-taking after previous gains [4] Investment Strategy - Investors are advised not to be swayed by short-term market fluctuations, as the overall trend remains intact with the Shanghai Composite above 3300 points. The focus should be on the fundamentals of quality companies for long-term investment [5] - It is essential to differentiate between speculative trading and fundamentally driven sectors. Sectors like liquor and banking have solid earnings support, presenting potential buying opportunities during pullbacks, while speculative sectors should be approached with caution [5] - Maintaining a rational approach and proper asset allocation is crucial, especially in a market characterized by rapid sector rotation. Long-term holding of quality stocks is recommended over frequent trading [5]

Market Overview - As of June 20, the Shanghai Composite Index closed at 3359.90 points, down 2.21 points, a decrease of 0.07% [1] - The Shenzhen Component Index closed at 10005.03 points, down 46.93 points, a decrease of 0.47% [1] - The ChiNext Index closed at 2009.89 points, down 16.92 points, a decrease of 0.83% [1] Trading Activity - A total of 83 A-shares had a turnover rate exceeding 20% on this day [1] - Notably, C Huazhi Jie and C Xinhenghui had turnover rates above 50%, indicating significant trading activity [1] Top Stocks by Turnover Rate - C Huazhi Jie (603400) closed at 53.87 yuan with a turnover rate of 81.33% and a price increase of 170.98% [1] - C Xinhenghui (301678) closed at 42.12 yuan with a turnover rate of 78.32% and a price increase of 229.06% [1] - Other notable stocks include: - Beifang Changlong (301357) with a turnover rate of 65.43% and a price decrease of 9.15% [1] - Yihau New Materials (301176) with a turnover rate of 60.70% and a price decrease of 4.24% [1] - Keheng Co., Ltd. (300340) with a turnover rate of 52.85% and a price increase of 20.00% [1] Additional Notable Stocks - Other stocks with significant turnover rates include: - Mankun Technology (301132) at 51.76% turnover rate and a price increase of 4.34% [1] - Keli Co., Ltd. (920088) at 50.11% turnover rate and a price decrease of 13.01% [1] - Zhun Oil Co., Ltd. (002207) at 49.11% turnover rate and a price decrease of 4.28% [1]

Market Overview - The A-share market experienced a slight decline on June 20, with the Shanghai Composite Index down by 0.07%, the Shenzhen Component Index down by 0.47%, and the ChiNext Index down by 0.84% [2] - A total of 1542 stocks rose, 53 stocks hit the daily limit up, while 3647 stocks fell [3] Stock Performance - The total trading volume reached 10,917.40 billion, with a total of 54,21 stocks traded [4] - Notable gainers included Ningbo Marine (10.10%), Xingtong Co. (9.97%), and Baoshui Technology (9.93%) [5] - Bank stocks continued to perform well, with Xiamen Bank rising by 2.89% and Hangzhou Bank by 2.63% [6][7] Sector Analysis - The oil and gas sector saw a collective decline, with stocks like Beiken Energy hitting the daily limit down [8] - The IP economy concept stocks faced adjustments, with Yuanlong Yatu dropping by 10% [10][11] Consumer Sector - The consumer sector received positive news, with liquor stocks like Huangtai Liquor hitting the daily limit up [12] - Other liquor stocks such as Yingjia Gongjiu and Jinzhongzi Liquor also saw significant gains [13] - The home appliance and furniture sectors showed strong performance, with Midea Group and Gree Electric rising by 1.47% and 1.27% respectively [14][15] Policy Impact - Recent comments from Xinhua emphasized the importance of distinguishing between normal dining and violations of regulations, indicating that the crackdown on excessive dining should not hinder normal consumption [16][17] - The government is set to continue its "old for new" consumption policy, with a total of 3000 billion in central government bonds allocated to support this initiative [18]

Market Overview - The three major A-share indices collectively adjusted today, with the Shanghai Composite Index down 0.07%, the Shenzhen Component Index down 0.47%, and the ChiNext Index down 0.84% [1] - The total market turnover was 1,091.6 billion, a decrease of 189.2 billion compared to the previous day [1] - Over 3,600 stocks in the market closed in the red [1] Sector Performance - The liquor, photovoltaic equipment, and solid-state battery sectors saw the largest gains [1] - The brain-computer interface and short drama gaming sectors experienced the most significant declines [1] Notable Stocks - The port and shipping sector rebounded, with Ningbo Marine (600798) and Xingtong Co. (603209) hitting the daily limit [1] - The solid-state battery sector was active, with Haike Energy, Nord Co. (600110), and Xiangtan Electric (002125) also hitting the daily limit [1] - Photovoltaic concept stocks performed well, with Saiwu Technology (603212) and GCL-Poly Energy (002506) reaching the daily limit [1] - Liquor stocks rebounded, with Huangtai Liquor (000995) hitting the daily limit, and Yingjia Gongjiu (603198) and Jinzhongzi Liquor (600199) rising over 5% [1] - Stablecoin concept stocks were partially active, with Chutianlong (003040) experiencing a significant rise and Annie Co. (002235) hitting the daily limit [1] - The brain-computer interface sector saw declines, with Aipeng Medical (300753) dropping over 10% [1] - The short drama gaming concept stocks collectively adjusted, with Yuanlong Yatu (002878), Chuanwang Media (300987), Zhongwen Online (300364), and Huanrui Century (000892) all falling over 5% [1]

证券时报·数据宝统计，截至上午收盘，今日沪指涨0.08%，A股成交量550.44亿股，成交金额6863.36亿 元，比上一个交易日减少14.81%。个股方面，1943只个股上涨，其中涨停39只，3209只个股下跌，其 中跌停10只。从申万行业来看，食品饮料、交通运输、非银金融等涨幅最大，涨幅分别为1.20%、 0.85%、0.81%；传媒、石油石化、计算机等跌幅最大，跌幅分别为1.69%、1.35%、1.16%。（数据宝） 今日各行业表现（截至上午收盘） | 国防军工 | | | | 新光光电 | | | --- | --- | --- | --- | --- | --- | | 计算机 | -1.16 | 668.11 | -15.63 | 致远互联 | -8.74 | | 石油石化 | -1.35 | 131.36 | 16.19 | 华锦股份 | -8.23 | | 传媒 | -1.69 | 268.71 | -1.71 | 元隆雅图 | -9.79 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上 ...

Market Overview - The three major indices showed mixed performance, with the Shanghai Composite Index up 0.08%, the Shenzhen Component down 0.19%, and the ChiNext Index down 0.56% [2] - Market trading volume decreased to 686.3 billion yuan, down 119.6 billion yuan from the previous trading day, indicating cautious market sentiment [2] - Over 3,200 stocks declined, reflecting a "profit from indices but not from stocks" situation [2] Key Sectors Solid-State Battery - The solid-state battery sector was the strongest performer, with stocks like Haike Energy, Nord Shares, Xiangtan Electric, and Binhai Energy hitting the daily limit [2] - This sector is gaining attention due to its potential for large-scale commercialization, which could significantly impact the entire new energy industry chain [2] Photovoltaic Equipment - The photovoltaic equipment sector also saw gains, with stocks like Saiwu Technology and GCL-Poly Energy hitting the daily limit, while major players like Sungrow Power and LONGi Green Energy experienced notable increases [3] - The sector is supported by ongoing overseas demand and increasing domestic installation capacity, along with stabilizing raw material prices [3] Baijiu (Chinese Liquor) - The baijiu sector experienced a rebound, with stocks like Huangtai Liquor hitting the daily limit and others like Yingjia Gongjiu and Jinzhongzi Liquor rising over 5% [3] - This rebound may be linked to recent signs of recovery in consumer data and relatively low valuations in the sector [3] Declining Sectors Brain-Computer Interface - The brain-computer interface sector faced significant declines, with Aipeng Medical dropping over 10% and other stocks like New Intelligence and Innovation Medical also falling [4] - The sector had previously seen a surge, but the lack of new catalysts led to profit-taking [4] Short Drama Game Concept - Stocks in the short drama game concept also collectively adjusted, with companies like Yuanlong Yatu and Chuanwang Media dropping over 5% [4] - The previous explosive growth in the short drama market may have led to over-speculation, compounded by increased regulatory scrutiny [4] Market Sentiment - The current market is characterized by structural trends, with rapid rotation of hot sectors, making it easy to incur losses through chasing trends [4] - The shrinking trading volume suggests a strong wait-and-see sentiment among investors, emphasizing the need for long-term investors to focus on fundamentally sound companies with good industry prospects [4]