Summary of ZheShu Culture Conference Call Company Overview - **Company**: ZheShu Culture - **Industry**: Digital Marketing, IDC (Internet Data Center), AI Applications, Data Trading Key Points IDC Business Performance - IDC business shows steady growth with a projected profit exceeding 600 million yuan for the year 2025 [2][3] - The Hangzhou Fuyang base has a high online rate of approximately 90%, while the Beijing project has improved its power-on rate from 1,000 out of 3,500 cabinets [2][4] - The Dajiangdong project is expected to be consolidated soon, but its short-term contribution to revenue and profit is limited [2][6] Digital Marketing Business - Digital marketing business performed well in Q1 2025, with both revenue and gross margin increasing [2][7] - The collaboration with Alibaba through Taobao Tianxia remains stable, while the acquisition of Pinnacle Youyou has improved gross margins through full and performance marketing [2][7][30] AI Applications - The company has registered multiple AI models and strengthened strategic cooperation with Alibaba's Tongyi team, hiring a vice president from Tongyi as an AI advisor [2][8][16] - AI applications focus on digital media, urban governance, AI healthcare, and cultural tourism, with significant growth in the digital media sector [2][19][21] Collaboration with Local Governments - The Zhejiang Big Data Trading Center collaborates closely with local governments, particularly Ningbo, to create a national benchmark case in data services [2][12][13] - The center has integrated with DingTalk to provide a "find data" feature, generating significant revenue from transaction sharing [2][12] Game Business - The gaming business is a major profit source, with Q1 2025 showing a revenue increase of approximately 10 million yuan and a profit increase of 20 million yuan [3][26] - The company aims to maintain steady growth in the gaming sector, focusing on younger demographics and mobile gaming [3][26] Financial and Operational Strategies - The company plans to enter the stock market-related business with products like IP cards and collaborate with game IPs [5][23] - Market-oriented compensation and stock incentive plans are in place to retain core talent, with a focus on recruiting top talent [5][33] Data Element Industry - The data element industry is developing steadily but has not met growth expectations due to insufficient policy operability [11] - The company is focusing on solidifying its foundation through collaborations with local governments and large state-owned enterprises [11][12] Future Outlook - Anticipated significant policy announcements in July 2025 may impact the data element industry [15] - The company is exploring commercializing AI applications, particularly in smart healthcare solutions and localized service platforms [32][21] Challenges and Opportunities - The automotive industry's recent changes in accounts receivable policies are beneficial for agency services, reducing financial pressure [30] - The company faces challenges in obtaining new product licenses in the gaming sector, particularly for card games [26] Conclusion - ZheShu Culture is strategically positioned in the digital marketing, IDC, and AI sectors, with a focus on innovation and collaboration with key partners. The company is actively pursuing growth opportunities while addressing industry challenges.

人民网记者 葛俊俊 走进趣头条，独特的互联网公司特质让人眼前一亮：开放式的办公区域、充满个性的装饰，前沿科技的气息弥漫在每一个角落。 这是一家主营新闻资讯平台"趣头条"、网络文学小说"米读小说"、微短剧平台"魔豆剧场"等的上海本土民营互联网企业。成立不到10年，却拥有众多用 户。 按照"网上网下形成同心圆"的要求，2019年，在张江科学城综合党委的引领下，趣头条以政治建设为核心，打造了"圆周率"党建品牌，为互联网企业党 建工作注入了鲜活力量，成为了红色党建在互联网领域绽放光彩的生动范例。 以党建为基石，创新党建品牌 为何以"圆周率"为党建品牌，有何深意？"构建同心圆，要把网下的社会、文化各方面和网上的生态、数据等方面凝聚在同一个圆心，党建是重要基 石。"趣头条党委副书记金真表示，所有的圆，都具有共同的圆周率。 根据"π"的数值3.14，趣头条党委提出了"加强党员政治实践、表达和参与"的3个切入点；"打造与党同心同德、以人民为中心的队伍"的1个核心目标，形 成"可复制、可推广、可实践、可发展"的4项工作输出属性。 "圆周率"党建 趣头条党委深知，将"人"的政治能力提升并运用到具体工作中，转化为平台营造网络清朗空 ...

Core Viewpoint - The "Three Personnel and Three Advances" training series in Shanghai aims to optimize the business network environment by providing targeted guidance to enterprises on handling infringement information and enhancing their operational confidence [3][5]. Group 1: Training Overview - The training session held on June 26 was attended by over 100 representatives from 45 key enterprises, including listed and prospective listed companies, as well as internet companies [1][3]. - The training is part of a broader initiative launched by the Shanghai Municipal Cyberspace Administration to prioritize training for "business specialists, legal specialists, and service specialists" [3][5]. Group 2: Content and Impact - Lecturers provided detailed explanations of the entire process for handling infringement complaints, along with insights into criminal policy trends and strategies for protecting legal rights [3][5]. - The training included case studies and practical guidance, which were well-received by participating enterprises, helping them to effectively manage online infringement complaints and mitigate public relations risks [3][5]. Group 3: Future Directions - The Minhang District Cyberspace Administration plans to implement more robust measures and provide higher quality services to support enterprise development, contributing to Shanghai's goal of creating a premier business environment [5].

Meeting Guidelines - The meeting will be conducted in accordance with relevant laws, regulations, and the company's articles of association to ensure order and efficiency [1] - Shareholders and their representatives must register for attendance by June 23, 2025, and arrive at the designated location for check-in by June 27, 2025 [2][3] - Identification and authorization documents are required for attendance [2] - Personal recording, photography, and video recording are prohibited [2] Agenda Overview - The annual meeting is scheduled for June 27, 2025, at 14:30, with online voting available on the same day [1][2] - A total of 11 resolutions will be reviewed, requiring more than half of the voting rights to pass [2] Financial Reports - The company’s total assets as of December 31, 2024, amounted to RMB 54.26 billion, a decrease of 0.75% from the beginning of the year [6] - Total liabilities were RMB 14.27 billion, down 1.28% from the previous year [6] - The net profit attributable to shareholders for 2024 was RMB 2.09 billion, reflecting a decline of 36.84% year-on-year [11] Profit Distribution Proposal - The proposed cash dividend is RMB 1.32 per 10 shares, totaling RMB 145.95 million, which represents 69.76% of the net profit attributable to shareholders [9] Board and Supervisory Reports - The board's report emphasizes the company's commitment to enhancing news capabilities and integrating technology [11][22] - The supervisory report confirms compliance with legal and regulatory requirements, ensuring the protection of shareholder interests [33] Future Plans - The company aims to leverage artificial intelligence and data services to enhance its media capabilities and service offerings [22][24] - Plans include expanding the "news + government services" model and enhancing customer service through new platforms [18][23]

天眼查App显示，近日，四川荣何炎熠贸易有限公司成立，法定代表人为荣浩涵，注册资本500万人民 币，四川省荣宏商贸有限公司、四川品味巴适商业运营管理有限公司持股。 企业名称四川荣何炎熠贸易有限公司法定代表人荣浩涵注册资本500万人民币国标行业信息传输、软件 和信息技术服务业>互联网和相关服务>互联网信息服务地址四川省成都市双流区东升街道成双大道南 段1599号501-40企业类型其他有限责任公司营业期限2025-6-17至无固定期限登记机关成都市双流区市场 监督管理局 来源：金融界 序号股东名称持股比例1四川省荣宏商贸有限公司51%2四川品味巴适商业运营管理有限公司49% 经营范围含软件开发；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；工业互联网 数据服务；区块链技术相关软件和服务；数字内容制作服务（不含出版发行）；货物进出口；技术进出 口；进出口代理；国内贸易代理；销售代理；贸易经纪；市场营销策划；企业管理；汽车销售；新能源 汽车整车销售；电车销售；二手车经纪；汽车零配件批发；汽车零配件零售；新能源汽车电附件销售； 汽车装饰用品销售；电池销售；电池零配件销售；新能源汽车换电设施销售；通讯设备 ...

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天眼查App显示，近日，江西乾元创新互联网有限公司成立，法定代表人为饶剑波，注册资本500万人 民币，杭州智善乾元科技有限公司、浙江琢星商业地产管理有限公司持股。 序号股东名称持股比例1杭州智善乾元科技有限公司61%2浙江琢星商业地产管理有限公司29%3杜嫣然 10% 经营范围含许可项目：旅游业务，在线数据处理与交易处理业务（经营类电子商务），道路危险货物运 输（依法须经批准的项目，经相关部门批准后在许可有效期内方可开展经营活动，具体经营项目和许可 期限以相关部门批准文件或许可证件为准）人力资源服务（不含职业中介活动、劳务派遣服务），信息 技术咨询服务，企业管理，居民日常生活服务，家政服务，代驾服务，外卖递送服务，国内货物运输代 理，建筑物清洁服务，家具安装和维修服务，装卸搬运，商务代理代办服务，软件开发，劳务服务（不 含劳务派遣），票务代理服务，旅游开发项目策划咨询，组织文化艺术交流活动，旅客票务代理，信息 咨询服务（不含许可类信息咨询服务），市场营销策划，餐饮管理，票据信息咨询服务（除依法须经批 准的项目外，凭营业执照依法自主开展经营活动） 企业名称江西乾元创新互联网有限公司法定代表人饶剑波注册资本500 ...

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序号股东名称持股比例1上海白象电子商务有限公司100% 来源：金融界 天眼查App显示，近日，上海沪象优选电子商务有限公司成立，法定代表人为姚进，注册资本500万人 民币，由上海白象电子商务有限公司全资持股。 企业名称上海沪象优选电子商务有限公司法定代表人姚进注册资本500万人民币国标行业信息传输、软 件和信息技术服务业>互联网和相关服务>互联网信息服务地址上海市闵行区永德路795号702-10室企业 类型有限责任公司（非自然人投资或控股的法人独资）营业期限2025-6-12至无固定期限登记机关闵行 区市场监督管理局 经营范围含互联网销售（除销售需要许可的商品）；食品销售（仅销售预包装食品）；技术服务、技术 开发、技术咨询、技术交流、技术转让、技术推广；人力资源服务（不含职业中介活动、劳务派遣服 务）；劳务服务（不含劳务派遣）；信息咨询服务（不含许可类信息咨询服务）；广告设计、代理；软 件销售；低温仓储（不含危险化学品等需许可审批的项目）；专业设计服务；食用农产品批发；谷物销 售；农副产品销售；未经加工的坚果、干果销售；厨具卫具及日用杂品批发；玩具、动漫及游艺用品销 售；塑料制品销售；针纺织品及原料销售；包装 ...

企业名称小五来运（南京）科技有限公司法定代表人朱必亮注册资本2000万人民币国标行业信息传输、 软件和信息技术服务业>互联网和相关服务>互联网信息服务地址南京市雨花台区安德门大街57号楚翘 城1号商务楼5幢503-98企业类型有限责任公司(自然人投资或控股的法人独资)营业期限2025-6-10至无固 定期限登记机关南京市雨花台区政务服务管理办公室 天眼查App显示，近日，小五来运（南京）科技有限公司成立，法定代表人为朱必亮，注册资本2000万 人民币，由小五来啦（苏州）科技有限公司全资持股。 经营范围含许可项目：互联网信息服务；第一类增值电信业务；第二类增值电信业务；道路货物运输 （网络货运）；道路货物运输（不含危险货物）；国际道路货物运输（依法须经批准的项目，经相关部 门批准后方可开展经营活动，具体经营项目以审批结果为准）技术服务、技术开发、技术咨询、技术交 流、技术转让、技术推广；软件开发；计算机软硬件及辅助设备零售；互联网数据服务；信息技术咨询 服务；广告发布；数字广告发布；广告制作；广告设计、代理；数字广告制作；数字广告设计、代理； 智能机器人的研发；智能机器人销售；国内货物运输代理；国内集装箱货物运 ...