上海市锦天城（北京）律师事务所 关于三人行传媒集团股份有限公司 法律意见书 上海市锦天城（北京）律师事务所 关于三人行传媒集团股份有限公司 法律意见书 致：三人行传媒集团股份有限公司 上海市锦天城（北京）律师事务所（以下简称"本所"）接受三人行传媒集 团股份有限公司（以下简称"公司"）的委托，指派本所律师出席了公司于 2025 年 09 月 02 日召开的 2025 年第一次临时股东大会（以下简称"本次股东大会"）。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》等法律、法 规和规范性文件以及《三人行传媒集团股份有限公司章程》（以下简称"《公司 章程》"）的规定，本所对公司本次股东大会的召集和召开程序、出席会议人员 资格、召集人资格、会议表决程序和表决结果等相关事宜出具本法律意见书。 本所及本所经办律师依据《证券法》《律师事务所从事证券法律业务管理办 法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意见书出 具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚 实信用原则，进行了充分的核查验证 ...

智通财经APP讯，中国三三传媒(08087)发布截至2025年6月30日止6个月中期业绩，该集团取得收益 1770.7万元，同比减少1.34%;公司拥有人应占亏损1128万元，同比增加118.6%;每股亏损10.44分。 ...

Core Insights - The company reported a revenue of HKD 15.744 million for the six months ending June 30, 2025, representing a year-on-year increase of 2.7% [1] - The loss attributable to the company's owners was HKD 0.829 million, a significant reduction of 96.7% compared to the previous year [1] - The loss per share was HKD 0.001 [1] Revenue Breakdown - Revenue from advertising and marketing-related services amounted to approximately HKD 10.4 million, accounting for about 65.8% of the company's total revenue [1] - The company has been actively expanding its digital media marketing services and multi-channel network (MCN) business since 2020 to diversify its advertising revenue [1]

Group 1 - The core viewpoint of the articles highlights the strong financial performance of Huashi Group Holdings, with a revenue of 155 million RMB, a year-on-year increase of 26.05%, and a significant rise in gross profit and net profit [1][3] - The company has established a solid operational foundation by enhancing professional service skills and strengthening business partnerships, providing high-quality one-stop services to clients [1] - The group has achieved notable exposure and customer traffic through events like the "Caidian District 2025 Cultural Tourism Consumption Season Launch Ceremony," which garnered over 2 million exposures and daily visitor numbers exceeding 10,000 [1] Group 2 - The company is actively advancing its AI business, with the launch of its first AI digital product, "Huashi Flash BAO," which has potential applications across various fields [2] - Strategic partnerships have been formed with key clients, including a leading steel structure company and a local government in Hubei Province, focusing on new infrastructure and AI media business models [2] - The group has signed contracts totaling 715 million RMB with clients, with 96.2% of services already delivered [3]

Core Viewpoint - Shenghuo Technology Group Limited is preparing for an IPO on the Hong Kong Stock Exchange, having previously been listed on the New Third Board from 2016 to 2025 [1][3] Company Overview - Shenghuo Technology was founded in 2013 by Zhong Jian and Luo Xinyan, initially providing integrated marketing and advertising services [1][3] - The company operates through several subsidiaries, including Guangdong Shenghuo, Guangdong Longjue, Xiufei (Shanghai), and others [3] - The registered capital of Shenghuo Technology is approximately 42.1645 million yuan, with Zhong Jian as the legal representative [5] Shareholding Structure - Major shareholders include Fuyuan Zhengde holding 79.3% and Xiufei Investment holding 17.3% [4][5] - Other shareholders include Chen Xin (2.5%), Chen Zibin (0.4%), Zhong Minxiong (0.2%), Liu Haipin (0.1%), and others [4] Financial Performance - Revenue for Shenghuo Technology was approximately 112 million yuan in 2022, projected to grow to 252 million yuan by 2024 [7] - Net profit figures are approximately 19.78 million yuan in 2022, increasing to about 33.20 million yuan in 2024 [7] - The company reported a revenue of about 12.9 million yuan and a net profit of approximately 1.21 million yuan in the first half of 2025 [7] Client Concentration - The company has a high client concentration, with revenue from the top five clients accounting for approximately 96.1% in 2022, decreasing to 79.8% in 2024 [7] - The largest client's revenue contribution was about 87.9% in 2022, dropping to 49.3% in 2024 [7] Dividend Distribution - Shenghuo Technology distributed cash dividends of approximately 10.4 million yuan in 2024 and 77.6 million yuan in the first half of 2025 [7]

Group 1 - Huai'an Ruolin Media Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The legal representative of the company is Zhong Xian [1] - The business scope includes various services such as printing, advertising design, digital content production, and technical consulting [1] Group 2 - The company is authorized to engage in licensed projects like printing and binding services, which require approval from relevant authorities [1] - General projects include advertising production, market marketing planning, and cultural exchange activities [1] - The company also offers services in security system monitoring and industrial design [1]

格隆汇8月28日丨思美传媒（维权）(002712.SZ)公布2025年半年度报告，上半年公司实现营业收入35.58 亿元，同比增长26.78%；归属于上市公司股东的净利润-1140.24万元，同比盈转亏；归属于上市公司股 东的扣除非经常性损益的净利润-1224.68万元；基本每股收益-0.0209元。 ...

Group 1 - The company has announced a change in the timing of the 2025 First Extraordinary General Meeting of Shareholders, originally scheduled for September 2, 2025, at 14:45, now moved to 10:00 on the same day [2][4] - The network voting period remains unchanged, starting and ending on September 2, 2025, with specific voting times outlined for both trading and internet platforms [4] - The company expresses apologies for any inconvenience caused to investors due to this change [3][4] Group 2 - The company confirms that the equity registration date for the shareholders' meeting remains unchanged, and other related matters refer to the announcement made on August 15, 2025 [4] - Contact information for the meeting is provided, including address, phone number, and email for investor inquiries [6] - Attendees are responsible for their own transportation and accommodation expenses related to the meeting [6]

Core Viewpoint - BlueFocus Communication Group (300058) reported a revenue increase but a significant decline in net profit for the first half of 2025, indicating challenges in profitability despite revenue growth [1] Financial Performance - Total revenue for the first half of 2025 reached 32.36 billion yuan, a year-on-year increase of 4.87% compared to 30.86 billion yuan in 2024 [1] - Net profit attributable to shareholders was 96.44 million yuan, down 47.33% from 183 million yuan in the previous year [1] - In Q2 2025, total revenue was 18.10 billion yuan, up 20.07% year-on-year, but net profit dropped to 93780 yuan, a staggering decline of 99.07% [1] Profitability Metrics - Gross margin stood at 2.83%, a decrease of 4.49% year-on-year, while net margin fell to 0.29%, down 49.97% [1] - Total selling, administrative, and financial expenses amounted to 666 million yuan, accounting for 2.06% of revenue, a reduction of 12.52% [1] - Earnings per share (EPS) decreased to 0.03 yuan, down 48.1% from 0.07 yuan in the previous year [1] Cash Flow and Debt - The company reported a negative operating cash flow per share of -0.24 yuan, a decline of 85.28% year-on-year [1] - Cash and cash equivalents decreased to 3.55 billion yuan, down 9.35% from 3.918 billion yuan [1] - Accounts receivable increased to 12.789 billion yuan, a rise of 27.64% from 10.02 billion yuan [1] Investment Returns - The company's historical return on invested capital (ROIC) has been weak, with a median ROIC of 5.09% over the past decade and a low of -20.16% in 2022 [1] - The business model appears fragile, with two years of losses since its IPO and generally poor financial performance [1] Fund Holdings - The largest fund holding BlueFocus is the GF CSI Media ETF, which increased its holdings to 13.6392 million shares [3] - Other funds, including the Media LOF and ICBC Media Index A, also increased their positions in BlueFocus [3]

Group 1 - The core viewpoint of the article is that 引力传媒 (Gravity Media) reported its semi-annual financial results, showing significant revenue growth but a decline in net profit [1] Group 2 - For the first half of 2025, the company achieved an operating revenue of 4.542 billion yuan, representing a year-on-year increase of 53.84% [1] - The net profit attributable to shareholders was 15.9317 million yuan, which reflects a year-on-year decrease of 10.76% [1] - The basic earnings per share were reported at 0.059 yuan [1]