恒越匠心优选一年持有混合A（015150）成立日期2022年11月23日，最新规模4415.82万。今年以来收益 3.36%，同类排名4434/9012；近一年收益39.33%，同类排名3240/8157；成立以来收益12.16%。 1月12日，芒果超媒涨5.43%，截至发稿，报27.77元/股，成交5.45亿元，换手率1.96%，总市值519.50亿 元。 资料显示，芒果超媒股份有限公司位于湖南长沙金鹰影视文化城金鹰阁，成立日期2005年12月28日，上 市日期2015年1月21日，公司主营业务涉及芒果TV互联网视频业务、新媒体互动娱乐内容制作及内容电 商业务等。主营业务收入构成为：芒果TV互联网视频业务81.87%，新媒体互动娱乐内容制作与运营 10.16%，内容电商7.49%，其他0.48%。 从基金十大重仓股角度 数据显示，恒越基金旗下1只基金重仓芒果超媒。恒越匠心优选一年持有混合A（015150）三季度持有 股数6.28万股，占基金净值比例为3.02%，位居第十大重仓股。根据测算，今日浮盈赚取约8.98万元。 责任编辑：小浪快报 恒越匠心优选一年持有混合A（015150）基金经理为宋佳龄。 截至发稿 ...

融资方面，芒果超媒当日融资买入1.39亿元。当前融资余额8.23亿元，占流通市值的3.06%，融资余额 超过近一年90%分位水平，处于高位。 截至12月31日，芒果超媒股东户数5.47万，较上期增加18.71%；人均流通股18671股，较上期减少 15.76%。2025年1月-9月，芒果超媒实现营业收入90.63亿元，同比减少11.82%；归母净利润10.16亿元， 同比减少29.67%。 融券方面，芒果超媒1月9日融券偿还1100.00股，融券卖出8300.00股，按当日收盘价计算，卖出金额 21.86万元；融券余量13.12万股，融券余额345.58万元，超过近一年80%分位水平，处于高位。 资料显示，芒果超媒股份有限公司位于湖南长沙金鹰影视文化城金鹰阁，成立日期2005年12月28日，上 市日期2015年1月21日，公司主营业务涉及芒果TV互联网视频业务、新媒体互动娱乐内容制作及内容电 商业务等。主营业务收入构成为：芒果TV互联网视频业务81.87%，新媒体互动娱乐内容制作与运营 10.16%，内容电商7.49%，其他0.48%。 1月9日，芒果超媒涨5.15%，成交额11.07亿元。两融数据显示，当日 ...

截至发稿，刘屾累计任职时间4年28天，现任基金资产总规模1092.69万元，任职期间最佳基金回 报-48.58%， 任职期间最差基金回报-49.61%。 责任编辑：小浪快报 数据显示，新沃基金旗下1只基金重仓芒果超媒。新沃内需增长混合A（012143）三季度持有股数1.6万 股，占基金净值比例为5.24%，位居第七大重仓股。根据测算，今日浮盈赚取约2.03万元。 新沃内需增长混合A（012143）成立日期2021年9月9日，最新规模850.55万。今年以来收益8.34%，同 类排名482/8827；近一年收益35.35%，同类排名3510/8084；成立以来亏损44.41%。 新沃内需增长混合A（012143）基金经理为刘屾。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 1月9日，芒果超媒涨5.07%，截至发稿，报26.32元/股，成交9.23亿元，换手率3.53%，总市值492.37亿 元。 资料显示，芒果超媒股份有限公司位于湖南长沙金鹰影视文化城金鹰阁，成立日期2 ...

12月31日，记者查询天眼查法律诉讼信息显示，近日，乐视体育文化产业发展（北京）有限公司、乐视控股（北京）有限公司、贾跃亭新增一则恢复执行 信息，执行标的2000万人民币，执行法院为广东省深圳市中级人民法院。 | ● 大眼管 | 都在用的商业查询工具 | 查公司 查老板 查风险 查关系 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 国家中小企业发展子基金旗下机构 | | 乐视网信息技术（北京）股份有限公司 齢 应用 ▼ 合作通道▼ 企业级产品▼ ★ 开通会员▼ ▲ 肖青羽▼ | | 8 天眼一下 | | | | | | 基本信息 270 | 上市信息 999+ | 法律诉讼 999+ | 经营风险 303 | 经营信息 999+ | 公司发展 120 | 知识产权 999+ | | VP 历史信息 999+ 2 | | 被执行人2 | VIP | | | | | | | で天眼查 | | 被执行人2 历史被执行人280 | | | | | | | | 행 음료 | | | | 7 被执行总金额:35,226.67 ...

12月31日，记者查询天眼查法律诉讼信息显示，近日，乐视体育文化产业发展（北京）有限公司、乐视 控股（北京）有限公司、贾跃亭新增一则恢复执行信息，执行标的2000万元人民币，执行法院为广东省 深圳市中级人民法院。 乐视控股（北京）有限公司成立于2011年9月，法定代表人为吴孟，注册资本10亿元人民币，经营范围 包括项目投资、投资管理、资产管理、投资咨询等，由贾跃亭、汇鑫资产管理（天津）合伙企业（有限 合伙）等共同持股，其中贾跃亭持股比例约92%。据媒体报道，此前，贾跃亭发布年终总结及未来规划 时表示，其将继续还债、继续造车。 乐视网成立于2004年11月，法定代表人为刘延峰，注册资本约39亿余元，业务范围广泛，涵盖汽车新车 销售、互联网信息服务、第二类增值电信业务、广播电视节目制作经营、网络文化经营等多个领域。公 司股东包括贾跃亭等。 回顾乐视网的发展历程，其曾在互联网视频领域占据重要地位，在影视内容、智能终端等方面积极布 局，推出过乐视手机等产品。2010年8月12日，乐视网在中国创业板上市，成为全球第一家IPO上市的 视频网站，市值一度从上市之初的30亿元增长至1700多亿元，堪称创业板市值最高的公司。 ...

Core Viewpoint - Zhongtai Securities projects Bilibili (09626) to achieve total revenue of 29.96 billion, 32.62 billion, and 35.32 billion yuan in 2025-2027, with year-on-year growth of +12%, +9%, and +8% respectively, and adjusted net profit of 2.26 billion, 3.26 billion, and 4.32 billion yuan, with year-on-year growth of +44% and +33% in 2026 and 2027. The average dynamic PE for comparable companies in 2025 is estimated at 26x. The company is in a commercialization acceleration phase, and AI is expected to enhance content creation efficiency and diversify commercialization methods, significantly impacting its advertising and gaming businesses, leading to an "overweight" rating for the first coverage [1]. Group 1: Company Overview - Bilibili is a leading video community in China, driven by a unique operational model and has become a significant player in the IP derivative market. By the end of 2024, the company will operate nearly 200 self-owned and authorized IPs, including national creations and comics. Since launching its official derivative brand in 2020, Bilibili has gradually built a core development model focused on "IP incubation and content empowerment," leveraging its high-engagement community and content ecosystem, and expanding into niche brands like figurines and blind boxes to enhance IP commercial value and cross-industry engagement [1]. Group 2: Business Highlights - AI: The "Peanut AI" tool is set to enhance content production and optimize ad placements, boosting eCPM. The AIGC tool will officially launch in Q4 2025, aimed at improving content quality and increasing traffic (DAU and per capita VV). It lowers the barrier for non-professionals to participate in content creation and enriches content diversity and innovation. Additionally, the InsightAgent system will integrate with various platforms to provide tailored AI solutions for different marketing scenarios [2]. - Advertising: Bilibili's advertising strategy includes three main approaches: single product promotions via Huohuo, oCPX effect ads, and brand advertising. Revenue from advertising is projected to grow by 27.7% and 20% in 2024 and the first half of 2025, reaching 8.2 billion and 4.4 billion yuan respectively. In Q3 2025, Bilibili's DAU reached 117 million, a 9% increase, with a DAU to MAU ratio of 31% and an average daily usage time of 112 minutes, up 6%. The company maintains a conservative approach to advertising commercialization, with an ad load rate of only 5-8%, indicating significant room for growth [3]. - Gaming: The gaming segment benefits from long-term operations of established games and new titles contributing incremental revenue. In H1 2025, gaming revenue reached 3.3 billion yuan, a 68% increase, driven by the success of "Three Kingdoms: Strategizing the World" and other enduring titles like "FGO" and "Azur Lane." The new game "Escape from Duckkov" has received positive feedback and is expected to contribute additional revenue [3].

Core Viewpoint - Zhongtai Securities projects Bilibili (09626) to achieve total revenue of 29.96 billion, 32.62 billion, and 35.32 billion yuan for 2025-2027, representing year-on-year growth of +12%, +9%, and +8% respectively, with adjusted net profit expected to be 2.26 billion, 3.26 billion, and 4.32 billion yuan, showing significant growth of +44% and +33% in 2026 and 2027 [1] Group 1: Company Overview - Bilibili is a leading video community in China, driven by a unique operational model and has become a significant player in the IP derivative market, operating nearly 200 self-owned and authorized IPs by the end of 2024 [2] - The company has developed an "IP incubation and content empowerment" model, leveraging its high-engagement community and content ecosystem, and has established a brand for derivative products since 2020 [2] Group 2: Business Highlights - AI marketing is enhancing content production and optimizing ad placements, with the launch of the "Peanut" AIGC tool expected to improve content quality and increase traffic [3] - Bilibili's advertising revenue is projected to grow by 27.7% and 20% in 2024 and the first half of 2025, reaching 8.2 billion and 4.4 billion yuan respectively, with a daily active user (DAU) count of 117 million in Q3 2025, reflecting a 9% year-on-year increase [4] - The gaming segment is benefiting from both long-term operations of existing games and new game launches, with gaming revenue reaching 3.3 billion yuan in the first half of 2025, marking a 68% year-on-year increase [4]

针对12月22日晚间的平台异常情况，快手在最新公告中作出说明，强调其直播功能在2025年12月22日 22:00左右遭遇了网络攻击。公司表示已第一时间启动应急预案。 公告中还声明："本公司始终严守合规底线，坚决反对任何违规内容及行为。本公司强烈谴责此类黑灰 产的违法犯罪行为，已就上述事宜向公安机关报警并向相关部门报告。我们将视情况采取一切必要的法 律措施，以捍卫公司及全体股东的合法权益。" 公开资料显示，所谓"黑灰产"，是网络黑色产业与灰色产业的统称，指以谋取不正当利益为目的，利用 互联网实施违法犯罪，或游走于法律边缘的规模化、链条化违法犯罪产业生态。 据记者了解，涉黄、涉暴等内容属于国内互联网明确严禁的违规类别。目前，国内主流视频平台均建立 了"机审+人审"双重审核机制及实名认证制度，以防范此类违规内容。 12月23日，快手（1024.HK）股价开盘跳水，截至当日收盘，跌3.52%，报收64.35港元/股，最新市值为 2779亿港元，单日市值缩水101.5亿港元。 消息面上，12月22日晚间，众多网友反映，快手直播间出现大量色情内容，包括播放淫秽影片、主播擦 边低俗表演等，同时还有直播间出现血腥、暴力、恐怖 ...

Core Viewpoint - Lehua Entertainment has entered into a business cooperation framework agreement with Youku, which will enhance the exposure and marketability of its signed artists while providing efficient ticketing services for events [1][2] Group 1: Business Cooperation Agreement - Lehua Entertainment's wholly-owned subsidiary, Lehua Limited, and Youku Information Technology have signed a business cooperation framework agreement for 2026 [1] - The agreement includes provisions for signed artists to engage in promotional activities for Youku, participate in various entertainment projects, and utilize ticketing services [1] Group 2: Benefits and Market Position - Youku, as a leading internet video platform in China, has a strong demand for artists, which will benefit Lehua's signed artists through increased exposure [2] - The collaboration will allow Lehua to efficiently manage large events, such as concerts, without technical limitations, enhancing operational effectiveness [2] - The partnership aims to elevate the artists' visibility and social influence, thereby creating greater value for the group and expanding brand recognition [2] Group 3: Financial Implications - The terms provided to Youku under the existing agreements will not be less favorable than those offered to independent third-party clients [2] - Fees for transactions under the 2026 agreement will be determined based on current market prices, ensuring profitability and alignment with the group's overall interests [2]

曾风光无限的乐视网早已深陷债务泥潭，净资产为负215亿元、负债高达238亿元，却在年内两次官宣炒 股计划，此次更是拟斥资1.8亿元进军资本市场，还叠加多次跨界尝试。 一边是持续亏损、债务高企的窘境，一边是频繁加码高风险投资的操作，这般反常举动令小李感到十分 费解。 乐视此举真能靠投资扭转颓势、走出困境？难道就不顾及背后无数普通债权人，甘愿让他们的血汗钱沦 为冒险的"试错成本"？ 负债百亿下的"冒险豪赌" 小李发现乐视网早就从主板退市了，现在净资产都负到215亿元，欠的钱更是高达238亿元。 按说这种情况，花钱办事本该小心翼翼，先想着还债、把自己的主营业务稳住才对。 可12月2号晚上它发的公告却不一样，打算拿不超过1.8亿元的自有资金去搞投资，包括申购北交所新 股、在二级市场买股票，还有做国债逆回购这三样。 其中在二级市场买股票还有明确要求，买银行股的比例至少占一半，买沪深300指数里的成份股比例至 少占八成。 而且这次1.8亿元的投资额度，比上半年计划的5000万元多了不少。 在欠了这么多钱的情况下，还加码去搞有风险的投资，这会不会给普通债权人的利益带来隐患呢？ 在小李看来，这种操作表面是想让钱生钱，但总让人 ...