Core Insights - In late September 2025, a large-scale incident involving the removal of audio dramas occurred on Miaoer FM, leading to strong user reactions [1]. Company Information - Beijing Miao Si La Network Technology Co., Ltd., the parent company of Miaoer FM, was established in July 2014 and is wholly owned by Shanghai Huandian Information Technology Co., Ltd. [1] - The registered capital of the company is approximately 1.864 million yuan, with a paid-in capital of about 1.112596 million yuan [1]. - The company operates in various sectors, including technology promotion services, internet cultural activities, and broadcasting program production [1]. Legal Issues - The company is involved in multiple lawsuits, including disputes over the infringement of network dissemination rights and recording rights [2]. - Notable cases include disputes with other companies regarding copyright issues, with several cases ongoing as of 2025 [2]. - The company has registered copyrights for works such as "Saway" and "Mo Dao Zu Shi," which include audio recordings and other related works [2].

从财报数据看，自2018年以来，大连圣亚业绩连续多年承压，近三年更是连续亏损。业绩承压同时，大 连圣亚股东及公司所持参股公司近期还分别涉及股份被司法轮候冻结及部分股权被司法拍卖。7月末， 大连圣亚披露称，截至公告提交日，星海湾投资处于司法冻结（轮候冻结）状态的股份数量为30945600 股，占公司总股本的24.03%。大连圣亚表示，该股份司法轮候冻结事项系由于星海湾投资为其下属企 业大连南部滨海大道开发建设投资有限公司融资租赁业务提供担保引发。股东星海湾投资在得知上述执 行裁定及司法冻结后，正与浦银金融租赁股份有限公司积极协商解决纠纷事项。 8月16日，大连圣亚又公告称，公司近日通过公开查询获悉，镇江市润州区人民法院将在淘宝网司法拍 卖网络平台对公司持有的镇江大白鲸海洋世界有限公司15.1%的股权进行公开拍卖。关于股权拍卖的原 因，大连圣亚称，系公司与镇江文化旅游产业集团有限责任公司（简称"镇江文旅"）股东出资纠纷案件 所致。2020年11月，镇江文旅分别以公司未履行出资义务和未履行回购承诺为由将公司诉至法院，后经 镇江市润州区人民法院生效法律文书判决，公司需分别向镇江文旅支付违约金1200万元、3600万元 ...