根据《上市公司监管指引第 7 号——上市公司重大资产重组相关股票异常交 易监管》第十二条和《深圳证券交易所上市公司自律监管指引第 8 号——重大资 产重组》第三十条的规定，本次交易相关主体不存在不得参与任何上市公司重大 资产重组情形，具体情况如下： 分众传媒信息技术股份有限公司董事会 关于本次交易相关主体不存在《上市公司监管指引第 7 号——上 市公司重大资产重组相关股票异常交易监管》第十二条及《深圳 证券交易所上市公司自律监管指引第 8 号——重大资产重组》第 三十条规定之情形的说明 分众传媒信息技术股份有限公司（以下简称"公司"）拟以发行股份及支付 现金的方式购买张继学、重庆京东海嘉电子商务有限公司、百度在线网络技术（北 京）有限公司等 45 个交易对方持有的成都新潮传媒集团股份有限公司 90.02%的 股权（以下简称"本次交易"）。 本次交易相关主体不存在因涉嫌与本次交易相关的内幕交易被立案调查或 者立案侦查的情形，最近 36 个月内不存在因与重大资产重组相关的内幕交易被 中国证券监督管理委员会作出行政处罚决定或者被司法机关作出相关裁判的情 形。 因此，公司董事会认为：本次交易相关主体不存在依据《上市公 ...

5、本独立财务顾问在与分众传媒接触后到担任本次交易独立财务顾问期间， 已采取严格的保密措施，严格执行风险控制和内部隔离制度，不存在内幕交易、 操纵市场和证券欺诈问题。 在充分尽职调查和内核基础上出具的承诺 分众传媒信息技术股份有限公司（以下简称"分众传媒"或"上市公司"） 拟以发行股份及支付现金的方式购买张继学、重庆京东海嘉电子商务有限公司、 百度在线网络技术（北京）有限公司等 45 个交易对方持有的成都新潮传媒集团 股份有限公司（以下简称"标的公司"）90.02%的股权（以下简称"本次交易"）。 华泰联合证券有限责任公司（以下简称"独立财务顾问"）作为本次交易的 独立财务顾问，根据《上市公司重大资产重组管理办法》《公开发行证券的公司 信息披露内容与格式准则第 26 号——上市公司重大资产重组》《上市公司监管指 引第 9 号——上市公司筹划和实施重大资产重组的监管要求》等有关规定，认真 履行了尽职调查义务，对分众传媒相关的申报和披露文件进行了审慎核查，并出 具了独立财务顾问核查意见。本独立财务顾问在充分尽职调查和内核基础上作出 以下承诺： 1、本独立财务顾问已按照规定履行尽职调查义务，有充分理由确信所发表 的 ...

分众传媒信息技术股份有限公司 - 审阅报告及备考合并财务报表 2024 年１月１日至 2025 年９月 30 日 您可使用手机"扫一扫"或进入"注册资审计报告是否由具有执业许可的会计师事务所出身 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.orv.cn）" 谁存著破 (http://acc 报告编码:沪25 分众传媒信息技术股份有限公司 审阅报告及备考合并财务报表 立信会计师事务所(特殊普通合伙) CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 审 阅 报告 信会师报字[2025]第 ZA15290 号 分众传媒信息技术股份有限公司全体股东: 我们审阅了后附的分众传媒信息技术股份有限公司(以下简称 " 分众传媒")的备考合并财务报表,包括 2024 年 12 月 31 日及 2025 年 9 月 30 日的备考合并资产负债表,2024年度及 2025年 1-9 月的备 考合并利润表以及备考合并财务报表附注。按照备考合并财务报表附 注三所述的编制基础编制备考合并财务报表是分众传媒管理层的责 任,我们的责任是在实施审 ...

证券代码：002027 证券简称：分众传媒 上市地点：深圳证券交易所 分众传媒信息技术股份有限公司 发行股份及支付现金购买资产暨关联交易 报告书（草案） （修订稿） | 项目 | 交易对方 | | --- | --- | | 发行股份及支付现金 | 重庆京东海嘉电子商务有限公司、张继学、百度在线网络技术（北 | | 购买资产 | 京）有限公司等 45 名成都新潮传媒集团股份有限公司股东 | 独立财务顾问 二〇二五年十二月 分众传媒信息技术股份有限公司发行股份及支付现金购买资产暨关联交易报告书（草案）（修订稿） 上市公司声明 本公司及全体董事、高级管理人员保证本报告书及其摘要内容不存在虚假记 载、误导性陈述或者重大遗漏，并对其真实性、准确性和完整性承担个别和连带 的法律责任。 本公司全体董事、高级管理人员保证本报告书及其摘要所引用的相关数据的 真实性和合理性。 本报告书所述事项并不代表中国证监会、深圳证券交易所对于本次重组相关 事项的实质性判断、确认或批准。本报告书所述本次重组相关事项的生效和完成 尚需有关审批机关的批准或注册。审批机关对于本次交易相关事项所做的任何决 定或意见，均不表明其对本公司股票的价值或投 ...

证券代码：002027 证券简称：分众传媒 公告编号：2025-077 分众传媒信息技术股份有限公司 第九届董事会第七次（临时）会议决议公告 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，简明清 晰，通俗易懂，没有虚假记载、误导性陈述或重大遗漏。 分众传媒信息技术股份有限公司（以下简称"公司"）第九届董事会第七次 （临时）会议于 2025 年 12 月 30 日以通讯表决方式召开，本次董事会会议通知 已于 2025 年 12 月 26 日以电子邮件方式发出。会议应到董事 7 名，实到 7 名。 本次会议由董事长江南春(JIANG NANCHUN)主持，公司高级管理人员列席会 议，本次会议的召开符合《中华人民共和国公司法》及《公司章程》的有关规定。 本次会议经逐项审议，通过如下议案： 一、会议以 7 票同意，0 票反对，0 票弃权，审议通过《公司关于本次发行 股份及支付现金购买资产暨关联交易符合相关法律法规的议案》。 公司拟以发行股份及支付现金的方式购买张继学、重庆京东海嘉电子商务有 限公司（以下简称"重庆京东"）、百度在线网络技术（北京）有限公司等 45 个 交易对方持有的成都新潮传媒集团股份有限 ...

格隆汇12月30日｜分众传媒公告，公司于2025年12月30日与张继学、成都朋锦睿恒企业管理咨询中心 （有限合伙）及庞升东等5名交易对方签署附生效条件的《购买资产协议》。根据协议，公司在支付现 金后将购买交易对方持有的成都新潮传媒集团股份有限公司1304.87万股股份，占标的公司股份总数的 9.98%，交易对价合计为5.06亿元。 ...

证券之星消息，12月30日广告营销板块较上一交易日上涨2.01%，蓝色光标领涨。当日上证指数报收于 3965.12，下跌0.0%。深证成指报收于13604.07，上涨0.49%。广告营销板块个股涨跌见下表： 从资金流向上来看，当日广告营销板块主力资金净流入9.89亿元，游资资金净流出1.03亿元，散户资金净 流出8.86亿元。广告营销板块个股资金流向见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 300058 | 蓝色光标 | 3.97亿 | 4.87% | -1.71 乙 | -2.10% | -2.26 Z | -2.77% | | 301171 | 易点天下 | 1.21亿 | 4.50% | 3444.25万 | 1.28% | -1.55 Z | -5.78% | | 002027 | 分众传媒 | 1.05 Z | 9.41% | -854.98万 | -0.77% | -9609.46万 ...

Investment Rating - The report maintains an "Outperform" rating for the media industry relative to the CSI 300 index [1] Core Insights - The media industry is experiencing a significant improvement in policy environment and accelerated AI application, which is expected to enhance both valuation and performance [6][15] - The gaming sector continues to grow steadily, with the domestic market size and user base reaching new highs, driven by strong supply and demand dynamics [7][16] - The animation film sector has shown exceptional performance, contributing nearly 50% to the total box office, with major titles like "Nezha 2" and "Zootopia 2" leading the box office rankings [11][16] Summary by Sections Investment Recommendations - Focus on sectors with high growth potential driven by improved policy and AI applications, particularly in gaming, animation films, and advertising [6][15] - Key companies to watch include Gigabit, Kying Network, and Perfect World in gaming, as well as Light Media and Wanda Film in the film sector [16] Market Review - As of December 26, 2025, the media index fell by 3.78%, underperforming compared to the growth of the ChiNext index and CSI 300 [17][18] - Only the gaming sector saw a slight increase of 1.18%, while other sectors, including internet advertising and social media, experienced significant declines [17][20] Industry News - The domestic gaming market is projected to generate actual sales revenue of 350.79 billion yuan in 2025, marking a year-on-year growth of 7.68% [45][46] - The animation film sector's box office exceeded 500 billion yuan for the year, with animation films accounting for a substantial portion of the total revenue [11][16] Monthly Data - In November 2025, the domestic film market generated a box office of 3.55 billion yuan, a year-on-year increase of 89.29% [26][27] - The total number of viewers reached 114.7 million, reflecting a 20.27% increase compared to the previous year [27][29]

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance [4]. Core Insights - The company is positioned as a leading outdoor advertising media firm, focusing on elevator media and cinema advertising, with a significant market share of over 70% in elevator media [7][12]. - The acquisition of New Trend Media is expected to enhance the company's bargaining power and improve revenue efficiency, potentially leading to a combined market share of approximately 17% in outdoor advertising [6][7]. - The company is expanding its overseas media presence, particularly in Southeast Asia, which is anticipated to contribute to its second growth curve [6][7]. Financial Performance - The company's revenue is projected to grow from 11,904 million yuan in 2023 to 16,487 million yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 13% [4]. - Net profit is expected to increase from 4,827 million yuan in 2023 to 6,593 million yuan by 2027, with a steady growth rate of around 8% [4]. - Earnings per share (EPS) is forecasted to rise from 0.33 yuan in 2023 to 0.41 yuan in 2027 [4]. Industry Analysis - The outdoor advertising industry is experiencing a shift towards integrated effectiveness, with elevator media maintaining strong performance and expected to grow at a double-digit rate [7][42]. - The overall advertising market in China is projected to continue its growth trajectory, with outdoor advertising showing significant potential due to its effectiveness in reaching consumers in daily life scenarios [42][64]. - The trend of brands expanding overseas is creating new growth opportunities in the advertising sector, particularly in emerging markets [6][7]. Company Overview - The company has established a robust media network covering 340 cities in China and several countries in Southeast Asia, with a total of approximately 128.7 million elevator TV units and 168.5 million elevator poster units [13][12]. - The company has a stable ownership structure, with significant stakes held by its founder and Alibaba, ensuring a solid foundation for future growth [19][21]. - The company has a strong reputation in the industry, having received numerous awards for its advertising effectiveness and innovative strategies [27].

Group 1 - Retail media networks (RMN) are projected to grow at an annual rate of 25% over the next five years, expected to account for two-thirds of global retail advertising spending by 2025 [1][18] - The "Tap and Go" feature from Alipay and Focus Media exemplifies the efficiency of retail advertising, reducing the steps from payment to completion from 4-5 to just 2, with significant engagement metrics [1][19] - Meituan's smart charging screens are designed to influence consumer purchasing decisions at critical moments in real shopping scenarios, showcasing promotions and new products effectively [3][22] Group 2 - Brands are increasingly recognizing the need for marketing solutions in real shopping environments, as traditional online advertising becomes fragmented and costly [5][24] - The shift towards offline advertising is accompanied by challenges in measuring effectiveness and leveraging data for personalized experiences [6][25] - Retail advertising based on advertising platforms offers a new opportunity for brands to utilize data analytics for tailored advertising content, enhancing exposure and conversion rates [8][26] Group 3 - Meituan has strategically positioned itself in the "retail + technology" space, with over 5 million offline touchpoints through its charging stations, facilitating a blend of retail, technology, and media [9][28] - The charging stations serve as a new media touchpoint, allowing brands to create a digital consumption experience that enhances the commercial value of offline scenarios [12][31] - The smart charging screens are considered "the most technological outdoor advertising," addressing traditional outdoor advertising's shortcomings in precision and efficiency [14][33] Group 4 - The smart charging screens can significantly improve the conversion rates of offline advertising and provide measurable results for advertising agencies, while also increasing foot traffic and order rates for stores [18][37] - Brands must adapt their content marketing strategies to create more engaging and differentiated narratives that resonate with consumers in specific contexts [36] - The ability to connect with consumers at the point of decision-making is crucial for brands to capitalize on retail advertising opportunities in the evolving market landscape [37]