从资金流向上来看，当日数字媒体板块主力资金净流出1.82亿元，游资资金净流出5238.7万元，散户资 金净流入2.34亿元。数字媒体板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月12日数字媒体板块较上一交易日下跌0.05%，*ST返利领跌。当日上证指数报收于 3889.35，上涨0.41%。深证成指报收于13258.33，上涨0.84%。数字媒体板块个股涨跌见下表： ...

从资金流向上来看，当日数字媒体板块主力资金净流出1.42亿元，游资资金净流入4997.79万元，散户资 金净流入9174.9万元。数字媒体板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月11日数字媒体板块较上一交易日下跌2.08%，三六五网领跌。当日上证指数报收于 3873.32，下跌0.7%。深证成指报收于13147.39，下跌1.27%。数字媒体板块个股涨跌见下表： ...

格隆汇12月11日丨华智数媒(300426.SZ)在投资者互动平台表示，公司积极响应省委提出的网文、网 剧、网游文化"新三样"出海，正在抢抓机遇，推进"短剧出海"战略。公司打造的蓝媒短剧Dramabyte平 台将陆续在东南亚和欧美地区上线。公司爆款版权项目《东宫》在23、24年期间完成海外多地区播映权 和信息网络传播权的发行续约，其中包括欧洲地区的Youtube、Facebook和Viki的独家信息网络传播权销 售。 ...

Core Viewpoint - The company, Zhaochuang Information, is a leading provider of commodity information services in China, focusing on data monitoring, price evaluation, and industry analysis in the commodity market [2][7]. Group 1: Company Overview - Zhaochuang Information was established on April 22, 2004, and went public on October 19, 2022. It is headquartered in Zibo, Shandong Province [7]. - The company's main business segments include information services (57.19%), digital services (20.98%), exhibition services (12.08%), consulting services (9.74%), and others (0.01%) [7]. - As of September 30, 2025, the company had 11,800 shareholders, a decrease of 15.79% from the previous period, with an average of 3,025 circulating shares per person, an increase of 18.76% [7]. Group 2: Financial Performance - For the period from January to September 2025, Zhaochuang Information achieved a revenue of 263 million yuan, representing a year-on-year growth of 19.91% [7]. - The net profit attributable to the parent company was 49.52 million yuan, a decrease of 5.93% year-on-year [8]. - The company has distributed a total of 325 million yuan in dividends since its A-share listing [9]. Group 3: Recent Developments - The company has developed a HarmonyOS version of its Zhaochuang Information APP and Zhaochuang News APP, which are expected to be launched in the application market soon [2]. - Zhaochuang Information has completed the localized deployment of the DeepSeek series large models, transitioning from technology introduction to practical application [3]. - The company has launched an AI platform and automated information production tools, significantly enhancing analysts' work efficiency and improving product experience for clients [3]. Group 4: Market Activity - On December 10, the stock price of Zhaochuang Information fell by 0.42%, with a trading volume of 22.095 million yuan and a turnover rate of 0.71%, resulting in a total market capitalization of 3.331 billion yuan [1]. - The main capital flow showed a net outflow of 404,000 yuan today, with a ranking of 6 out of 14 in the industry, indicating a reduction in main capital over three consecutive days [4][5].

有机构认为，当前A股和港股仍处于中低分位估值，盈利由钝化见底转向修复定价，在红利与现金流因 子基础上配置中高端制造行业，具备结构性机会。考虑到人民币计价资产在核心通胀温和、利润率修复 与对美元资产低相关加持下兼具分散风险与抗扰动属性，全球资产配置潜在投资空间稳步提升。 资料显示，恒生科技ETF易方达（513010）跟踪恒生科技指数，该指数成份股涵盖众多港股科技龙头， 包括阿里巴巴、腾讯控股、美团、京东集团、百度集团、网易、中芯国际等30家核心企业，覆盖互联网 电商、数字媒体、半导体、智能电动车及云计算等，可助力投资者一键布局港股科技成长板块。 周三，港股科技板块运行至阶段低位后，盘中有所回升。截至10:53，恒生科技指数微跌0.17%，地平线 机器人、阿里巴巴、美团、百度集团等领涨成份股。 跟踪该指数的恒生科技ETF易方达（513010）成交额已超4亿元，较上一交易日小幅放量。Wind数据显 示，该产品自6月12日以来，从未出现单日资金净流出情况；截至12月9日，年内累计吸金已达171.15亿 元。 ...

证券之星消息，12月9日数字媒体板块较上一交易日下跌0.91%，*ST返利领跌。当日上证指数报收于 3909.52，下跌0.37%。深证成指报收于13277.36，下跌0.39%。数字媒体板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 从资金流向上来看，当日数字媒体板块主力资金净流出2.23亿元，游资资金净流入6437.52万元，散户资 金净流入1.58亿元。数字媒体板块个股资金流向见下表： ...

Core Viewpoint - The report from CICC indicates that leading companies in the segmented media industry are poised to benefit from industry trends due to their advantages in business scale, technological reserves, and capital operations, with an overall upward trend expected in the media sector by 2025 [1] Group 1: Policy and Content Cycle - The gaming industry is expected to benefit from the normalization of license issuance, leading to a significant recovery in supply, while the video drama industry may enter a critical window for content innovation and mechanism optimization as new broadcasting regulations are implemented [1] Group 2: AI Development - By 2026, AI-native applications are anticipated to expand further, transitioning from tool assistance to creative subjects, which will enhance the production capacity of online literature IP adaptations and optimize revenue in gaming and advertising sectors [2] Group 3: Cultural Export - The cultural export in gaming, online literature, and short dramas has matured, and by 2026, it is expected to enter a new phase of quality, shifting from extensive output to a model that combines "cultural core + localization" for more tailored development [3] Group 4: IP Economy - In 2026, the commercialization paths for domestic IP content, IP consumer products, and IP services are expected to flourish, leading to scaled growth and systematic value reassessment as various segments of the industry mature [4] Group 5: Industry Ranking - The digital media and gaming industries have superior business models, with leading companies' quality content output likely to enhance profitability and international competitiveness; AI technologies are expected to be applied first in these sectors [5] - Social community AI and cultural export provide incremental growth, with ongoing optimization of profitability; marketing and advertising AI will empower the entire process, focusing on efficiency and new advertising formats in the new stable state [5] - The film and cinema industry is awaiting confidence restoration, with a focus on long-term industry upgrade trends; the publishing industry emphasizes the resilience of educational book demand while maintaining high dividends; cable broadcasting is expected to develop steadily, with attention to large-screen potential [5]

Core Insights - The media industry is expected to enter a new cycle by 2026, driven by policy support and advancements in AI, international expansion, and IP development [1] Industry Summary - Leading companies in the media sector are positioned to benefit from industry trends due to their advantages in business scale, technological reserves, and capital operations [1] - The digital media and gaming sectors have superior business models, with top companies likely to enhance profitability and international competitiveness through quality content output [1] - AI technologies are anticipated to be applied first in these sectors, optimizing profitability [1] Subsector Analysis - Social community AI and international expansion are expected to provide incremental growth, leading to continuous improvement in profitability [1] - Marketing and advertising will leverage AI across the entire process, focusing on advertising efficiency and new formats in the new stable state [1] - The film and cinema industry is currently facing confidence issues, with a long-term focus on industry upgrade trends [1] - The publishing sector is emphasizing the resilience of educational book demand while maintaining high dividend yields [1] - The cable and broadcasting sector is expected to develop steadily, with attention on the potential of large-screen scenarios [1]

Group 1 - Dongfang Electric announced that three executives plan to reduce their holdings by a total of no more than 30,000 shares due to personal financial needs [1] - Yahu Pharmaceutical's APL-1401 clinical trial data was presented at the 19th European Colorectal Congress, indicating progress in treating moderate to severe ulcerative colitis [1] - Guizhou Bai Ling's actual controller is under investigation by the China Securities Regulatory Commission for insider trading and information disclosure violations [3] Group 2 - Bairen Medical's ePTFE pericardial membrane product has been approved for registration, ending the reliance on imports for this product in the domestic market [4] - Qianxin received approval for a total of 2 billion yuan in technology innovation bonds, with plans to issue medium-term notes and short-term financing bonds [6] - Tengjing Technology's shareholder plans to reduce holdings by no more than 1.96% of the company's shares [7] Group 3 - Yuntianhua's subsidiary is required to pay 386 million yuan in overdue taxes and penalties, which will impact the company's net profit for 2025 [8] - Jianyou Pharmaceutical's propofol emulsion injection has received FDA approval in the United States [9] - Suzhou Gaoxin successfully acquired land use rights for a residential project for 360 million yuan [9] Group 4 - Chalco International's subsidiary won a bid for a 3.03 billion yuan electrolytic aluminum project [11] - Tai Long Pharmaceutical's stock will continue to be suspended due to potential changes in control as the major shareholder is planning a share transfer [12] - Qianli Technology reported a 63.44% year-on-year increase in automobile sales for November, although new energy vehicle sales decreased by 43.98% [13] Group 5 - Fosun Pharma's innovative drug FXS0887 has received approval for a Phase I clinical trial for advanced malignant solid tumors [14] - Guoen Co. has obtained approval for a project to produce 20,000 square meters of aviation-grade acrylic glass, with a total investment of 560 million yuan [15] - Guofa Co.'s chairman resigned due to personal reasons [17] Group 6 - Shanghai Construction won a bid for a state-owned construction land use right for 264 million yuan [18] - Weixin Kang's subsidiary received approval for a clinical trial of lidocaine cream for local anesthesia [20] - Sanxing Medical's subsidiary is a candidate for a 152 million yuan transformer procurement project for the State Grid [20] Group 7 - People's Daily announced the resignation of its president due to work changes, while retaining other leadership roles [21] - Beibu Gulf Port reported a 0.29% year-on-year increase in cargo throughput for November [22] - Chongqing Construction won three engineering projects with a total value of approximately 2.773 billion yuan [23] Group 8 - Xingyu Co. is planning to issue H-shares and list on the Hong Kong Stock Exchange [24] - Huajian Group signed a design contract worth 160 million yuan for a comprehensive project [25] - Wankai New Materials plans to invest 350 million yuan in a technical transformation project for producing 100,000 tons of adipic acid [26] Group 9 - Kaipuyun received a government subsidy of 18 million yuan, which is 87.43% of its net profit for the last audited fiscal year [28] - Ningbo Port expects a 10.8% year-on-year increase in container throughput for November [30] - An Cai High-Tech plans to invest 498 million yuan to upgrade its photovoltaic glass production line [32] Group 10 - Shunhao Co. stated that its existing business has not generated synergies with the rail business, which faces various risks [34] - Yihualu plans to publicly transfer 35% of its stake in Liaoyun Company [35] - ST Wanfang's shareholder plans to reduce holdings by no more than 3% of the company's shares [36] Group 11 - Youyou Food's shareholder plans to reduce holdings by no more than 110,000 shares [38] - Hengtong Optic-Electric's incentive fund has spent 49.98 million yuan to purchase company shares [41] - Zoli Pharmaceutical plans to issue convertible bonds to raise no more than 1.556 billion yuan for various projects [42]

Market Overview - The digital media sector experienced a decline of 1.19% on December 2, with Mango Super Media leading the drop [1] - The Shanghai Composite Index closed at 3897.71, down 0.42%, while the Shenzhen Component Index closed at 13056.7, down 0.68% [1] Stock Performance - Notable stock performances included: - 365 Network (300295) rose by 2.92% to close at 15.18 [1] - Mango Super Media (300413) fell by 2.91% to close at 24.73, with a trading volume of 242,800 shares and a transaction value of 603 million [2] - Visual China (000681) closed at 24.10, up 0.50% [1] - Worth Buying (300785) decreased by 0.95% to 43.66, with a transaction value of 1.071 billion [2] Capital Flow - The digital media sector saw a net inflow of 38.76 million from institutional investors and 67.02 million from retail investors, while retail investors had a net outflow of 106 million [2] - Key capital flows for specific stocks included: - Visual China (000681) had a net inflow of 1.08 billion from institutional investors [3] - Worth Buying (300785) attracted a net inflow of 59.35 million from institutional investors [3] - Mango Super Media (300413) experienced a net outflow of 1.21 billion from retail investors [3]