天眼查App显示，近日，广州曙毋科技有限公司成立，法定代表人为凯赛尔·喀依木，注册资本1万人民 币，经营范围为日用品销售;日用百货销售;五金产品零售;五金产品批发;服装服饰零售;服装服饰批发;服 装辅料销售;专业设计服务;文艺创作;图文设计制作;礼仪服务;市场营销策划;组织文化艺术交流活动;企业 形象策划;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广;互联网销售（除销售需要 许可的商品）;广告发布;广告制作;广告设计、代理;动漫游戏开发;数据处理服务;数字内容制作服务（不 含出版发行）;信息技术咨询服务;信息系统运行维护服务;物联网技术服务;信息系统集成服务;数字文化 创意软件开发;网络与信息安全软件开发;软件开发;人工智能公共服务平台技术咨询服务;网络技术服 务。 ...

Core Viewpoint - Recently, Henan Yijuji Supply Chain Management Co., Ltd. was established with a registered capital of 1 million RMB, indicating a new player in the supply chain management sector focusing on various manufacturing and sales activities [1] Company Summary - The legal representative of the newly established company is Gao Xiang [1] - The registered capital of the company is 1 million RMB [1] - The company’s business scope includes manufacturing and sales of rubber products, sponge products, and feather products, as well as textile products [1] - The company is also involved in internet sales, advertising production and publishing, digital advertising, graphic design, marketing planning, and information consulting services [1]

证券日报网讯 12月12日晚间，省广集团发布公告称，为满足公司及下属子公司2026年度业务开展需 求，公司与部分控股子公司根据实际经营需要，拟与媒介业务平台就数据推广服务开展相关媒介代理业 务，并由公司就相关媒介代理协议的履行为控股子公司提供担保；同时，为满足子公司融资需求，公司 拟为部分控股子公司向银行申请授信提供担保。预计上述担保额度合计不超过20亿元，其中，对资产负 债率超过70%的控股子公司提供担保额度不超过17亿元，具体以实际签署的相关协议为准。公司可以在 上述范围内，对不同公司之间相互调剂使用预计担保额度，但在调剂发生时，对于资产负债率超过70% 的担保对象，仅能从资产负债率超过70%的担保对象处获得担保额度。本次担保额度预计事项已经公司 于2025年12月12日召开的第六届董事会第二十一次会议审议通过，尚需提交公司股东会审议。 （文章来源：证券日报） ...

Core Viewpoint - The company has approved the use of idle self-owned funds to purchase low to medium risk financial products, with a maximum limit of RMB 500 million, ensuring that it does not affect daily operations [2] Group 1 - The company held the 11th meeting of the 6th Board of Directors on December 12, 2025 [2] - The resolution allows for the investment in financial products from commercial banks and securities [2] - The investment period is set for a maximum of 12 months from the date of board approval, with the possibility of rolling use of funds within this limit [2]

Core Points - The company announced the approval of a proposal to engage in foreign exchange derivative trading [2] - The board meeting is scheduled for December 12, 2025, to review the proposal [2] - The approved trading will involve a limit of up to $120 million (or equivalent in RMB) for hedging purposes [2] Summary by Category Company Actions - The company and its subsidiaries will utilize financial institutions to conduct foreign exchange products for hedging [2] - The subsidiaries involved include Provincial Marketing Group Co., Ltd., International Integrated Marketing Communication Group Holdings Ltd., Guangdong Sanying Advertising Communication Co., Ltd., and Guangdong Saibo Interactive Media Advertising Co., Ltd. [2] Financial Details - The trading limit set for the foreign exchange derivative transactions is $120 million, which can be rolled over within the specified limit [2]

证券时报·数据宝统计显示，分众传媒今日收盘价为7.16元，上涨1.99%，日换手率为1.35%，成交额为 13.83亿元，全天主力资金净流出1.22亿元，近5日该股累计下跌0.42%，近5日资金合计净流出5.40亿 元。 两融数据显示，该股最新融资余额为13.05亿元，近5日增加1.02亿元，增幅为8.51%。 分众传媒12月12日大宗交易平台共发生2笔成交，合计成交量111.70万股，成交金额799.78万元。成交价 格均为7.16元。从参与大宗交易营业部来看，机构专用席位共出现在2笔成交的买方或卖方营业部中， 合计成交金额为799.78万元。 进一步统计，近3个月内该股累计发生10笔大宗交易，合计成交金额为9600.34万元。 12月12日分众传媒大宗交易一览 | 成交量（万 | 成交金额（万 | | 成交价格 | 相对当日收盘折溢价 | 买方营业 | 卖方营业 | | --- | --- | --- | --- | --- | --- | --- | | 股） | 元） | | （元） | （%） | 部 | 部 | | 71.79 | 514.02 | 7.16 | | 0.00 | 机构专用 | 机 ...

Core Insights - The advertising and marketing sector saw a 0.6% increase on December 12, with Focus Media leading the gains [1] - The Shanghai Composite Index closed at 3889.35, up 0.41%, while the Shenzhen Component Index closed at 13258.33, up 0.84% [1] Stock Performance - Focus Media (002027) closed at 7.16, up 1.99%, with a trading volume of 1.9456 million shares and a transaction value of 1.383 billion [1] - BlueFocus Communication (300058) closed at 8.87, up 1.49%, with a trading volume of 2.8548 million shares [1] - Tianyu Digital (002354) closed at 6.29, up 1.29%, with a trading volume of 441,800 shares and a transaction value of 278 million [1] - Other notable performers include Easy Point (301171) at 35.60 (+0.99%) and Qitian Technology (300061) at 11.11 (+0.91%) [1] Declining Stocks - Xinhua Dou (002264) experienced the largest decline, closing at 8.83, down 4.85%, with a trading volume of 1.0948 million shares [2] - Other notable decliners include Gravity Media (603598) at 18.13 (-4.28%) and Electric Sound (300805) at 10.65 (-3.18%) [2] - The overall trend in the advertising and marketing sector showed several stocks experiencing declines, indicating mixed performance within the sector [2] Capital Flow - The advertising and marketing sector saw a net outflow of 711 million from institutional investors, while retail investors contributed a net inflow of 687 million [2] - Speculative funds recorded a net inflow of 24.0047 million, indicating a divergence in investment strategies among different investor types [2]

Investment Rating - The report maintains a "Strong Buy" rating for the gaming sector, indicating a positive outlook for companies with rich product reserves and strong self-developed capabilities [2][76]. Core Insights - The gaming industry continues to show high prosperity, driven by a new product cycle in 2025, with significant contributions from key companies such as Century Huatong, Giant Network, and Gigabit [2][16]. - The overall media industry has seen a revenue increase of 5.58% year-on-year, with net profit growth of 37.07%, indicating improved profitability across sectors [20][26]. - The report highlights the impact of favorable policies and AI technology on the film and television sector, suggesting a potential recovery in the industry [76]. Summary by Sections 1. Media and Internet Overview - The media industry index has increased by 28.47% year-to-date, outperforming major indices like the Shanghai Composite [15][16]. - The gaming sector has seen a year-to-date increase of 59.84%, significantly contributing to the media industry's growth [16]. 2. Industry Performance - In Q3 2025, the media industry achieved a revenue of 1,326.51 billion, a year-on-year increase of 8.98%, with a net profit of 103.16 billion, up 57.23% [26]. - The gaming sector's revenue for Q3 2025 reached 303.62 billion, with a net profit of 57.77 billion, reflecting a year-on-year growth of 28.61% and 111.65% respectively [37]. 3. Sector Analysis 3.1 Gaming - The gaming industry is driven by blockbuster products, with a revenue increase of 24.4% year-on-year for the first three quarters of 2025 [33]. - The report emphasizes the sustainability of profit growth due to the long lifecycle of new game products [39]. 3.2 Television Broadcasting - The television broadcasting sector reported a revenue of 328.9 billion, a year-on-year increase of 5.3%, with a significant reduction in losses [44][46]. 3.3 Film Industry - The film industry saw a revenue of 283.01 billion in the first three quarters of 2025, with a net profit increase of 108.52% [50]. 3.4 Advertising - The advertising sector achieved a revenue of 1,292.33 billion, with a year-on-year growth of 5.97% [61]. 3.5 Digital Media - The digital media sector faced challenges, with a revenue decline of 0.26% year-on-year, primarily due to pressures in content e-commerce [66]. 3.6 Publishing - The publishing sector reported a revenue of 939.11 billion, down 7.37% year-on-year, but net profit increased by 15.48% due to favorable tax policies [69]. 4. Investment Recommendations - The report recommends focusing on gaming companies with strong product pipelines and self-development capabilities, such as 37 Interactive Entertainment and Giant Network [76]. - It also suggests looking at film and television companies benefiting from policy improvements and AI advancements, including China Film and Mango Super Media [76].

消息面上，平安证券研报指出，AppLovin为全球领先的移动游戏广告渠道商，电商业务逐步扩张。 AppLovin开始将客户拓展至Web广告与电商领域，今年10月，公司推出邀约制自助服务平台拓展电商等 品类客户，目前处于早期阶段。根据公司3Q25Earnings Call，AxonAds Manager推出后，自助广告主的 支出每周增长了大约50%。展望4Q25和2026年，AppLovin重点工作包括：引入AI Agent优化新广告商入 驻流程、自助服务平台的全面开放、测试基于生成式AI的广告创意功能、积极测试付费营销。 平安证券认为，当前，国内企业(如跨境电商、手游)出海需求旺盛，营销智能体不仅能够批量生成符合 海外用户偏好的广告文案、图片和视频脚本，还能在文化差异、语言习惯、法律合规检查等环节提供辅 助，帮助品牌真正融入当地市场。据了解，百融云-W以自研BR-LLM大模型与VoiceGPT为底座，面向 金融及泛行业B端客户提供AI智能营销与精准获客全链路解决方案。此外，CybotStar智能体平台为公司 企业级AI Agent构建平台，支持客户快速定制营销、客服等场景化智能体，适配对内运营与对外获客需 求 ...

分众传媒 20251211 摘要 AI 应用业绩爆发预计在 2026 年底至 2027 年，市场或提前反应，分众 传媒受益于阿里巴巴千问与电商场景深度融合，阿里是分众大股东，双 方"碰一碰"业务合作深化，业绩确定性强。 分众传媒第三季度收入 35 亿元，同比增长显著，客户数量减少但收入 增长，互联网板块投放收入 7.14 亿元，同比增长 50%，主要由阿里贡 献。第四季度预计收入 35 亿左右，同比增长约 16-17%。 消费品投放下滑，白酒转向中低端，互联网和汽车板块增长显著，金融 和旅游板块表现良好。第四季度，白酒行业在中低端家庭消费型白酒方 面取得了进展，服装和美妆护肤板块也表现亮眼。 互联网板块保持翻倍增长，得益于阿里"碰一碰"业务带动。汽车和金 融行业也保持稳定增长。"碰一碰"业务设备规模已达 200 万个，未来 将作为附加价值，通过刊例价涨价实现收入。 分众传媒计划 2026 年实质性涨价 9%-11%，不再扩张广告点位，提高 投放成本合理性。新潮传媒收购正等待商务部批复，预计明年 3-4 月完 成并表，优化费用管理，提高运营效率。 Q&A 近期传媒行业特别是 AI 应用端的发展情况如何？ 11 ...