中信建投指出，传媒行业在AI应用领域持续发力，阿里计划加强C端AI应用布局，对标ChatGPT，通义 App已更名为千问App，核心功能包括对话问答、智能写作等，近期排名快速上升。腾讯通过微信Agent 与元宝共同推进AI功能，元宝App月活7329万，全球排名第六。字节旗下豆包与抖音打通，涵盖短视频 搜索、电商和本地生活功能，连续300天稳居iOS免费榜Top3。美图公司凭借AI换装、AI雪景等功能在 海外市场出圈，连续两月登顶多国应用商店榜单。影视院线方面，年末《疯狂动物城2》等引进片有望 推动电影市场回暖，春节档储备丰富，包括《惊蛰无声》《飞驰人生3》等重磅影片。IP衍生业务保持 高景气，阅文集团、上海电影等公司积极布局漫剧和游戏授权，推动收入增长。 影视ETF（516620）跟踪的是中证影视指数（930781），该指数从A股市场中选取涉及内容制作、发行 放映及相关服务等业务的上市公司证券作为指数样本，以反映影视娱乐行业相关上市公司证券的整体表 现。该指数成分股主要分布在深圳证券交易所，具有较高的通信服务板块占比。 （文章来源：每日经济新闻） ...

Core Insights - A recent media report has exposed a batch of pirated drama apps that not only misuse a large number of drama resources but also steal users' personal privacy information, with some even embedding malicious programs that infringe on consumer safety rights [1][4] - The China Consumer Association (CCA) has warned consumers about the risks associated with pirated drama apps, advising against the temptation of "small savings" leading to "big losses" [1][4] Group 1: Consumer Risks - Pirated drama apps may appear to offer consumers the chance to watch popular dramas at a low or no cost, but they lack guarantees in terms of picture quality, compatibility, and after-sales service, making consumers' legal rights vulnerable [4] - The behavior of these pirated apps is suspected of infringing copyright, which not only dampens the creative enthusiasm of original authors but also severely impacts the healthy development of the entire entertainment industry, ultimately harming consumers' interests [4] Group 2: Privacy and Security Concerns - Pirated drama apps typically require access to consumers' phone locations, photos, cameras, microphones, and contacts during download and operation, posing significant privacy risks [4] - Some pirated apps use various tricks to lure consumers to illegal websites containing trojans and phishing programs, leading to the theft of personal information and making consumers unwitting victims of online fraud [4] Group 3: Consumer Rights Protection - Consumers are advised to keep records of orders, payment receipts, and contracts to protect their rights during consumption [5] - In case of disputes, consumers can negotiate with operators based on the Consumer Rights Protection Law or file complaints through relevant administrative departments or platforms like the "National Consumer Association Smart 315 Platform" [5] - Consumers should report any illegal activities by operators, such as the excessive collection and use of personal information [5]

11月21日消息，截止13:50，短剧概念板块走强，欢瑞世纪、掌阅科技涨停，元隆雅图（维权）、因赛 集团等个股涨幅居前。 责任编辑：小浪快报 ...

Core Viewpoint - The iQIYI concept sector is experiencing significant activity, with stocks such as Yidian Tianxia and Huanrui Century reaching their daily limit up [1] Group 1 - The iQIYI concept sector is active as of November 21, with notable stock performance [1] - Yidian Tianxia and Huanrui Century have hit the daily limit up, indicating strong investor interest [1]

Group 1 - Visual China experienced a stock price increase of 5.73%, reaching 24.36 CNY per share, with a trading volume of 2.22 billion CNY and a turnover rate of 13.88%, resulting in a total market capitalization of 17.066 billion CNY [1] - The company, founded on May 28, 1994, and listed on January 21, 1997, is primarily engaged in the production and distribution of television dramas, indoor smart entertainment in theme parks, special film projects, animation design, and the sale of creative and editorial visual materials (images, videos, etc.) [1] - The main revenue composition of Visual China is 99.92% from visual content and services, with only 0.08% from other sources [1] Group 2 - According to data from the top ten heavy stocks of funds, one fund under Yinhua Fund has a significant holding in Visual China, with the Film and Television ETF (159855) increasing its holdings by 67,500 shares in the third quarter, totaling 185,500 shares, which represents 3.59% of the fund's net value, ranking as the ninth largest heavy stock [2] - The Film and Television ETF (159855) was established on February 9, 2021, with a current scale of 106 million CNY, achieving a year-to-date return of 15.42%, ranking 3018 out of 4208 in its category, and a one-year return of 11.86%, ranking 2964 out of 3972, while experiencing a total loss of 4.55% since inception [2] Group 3 - The fund manager of the Film and Television ETF (159855) is Zhang Yichi, who has been in the position for 4 years and 182 days, managing total assets of 7.745 billion CNY, with the best fund return during his tenure being 62.98% and the worst being -35.59% [3]

Group 1: Technology and Innovation - Google has released a new image model, with the OCS network architecture attracting attention [2] - Alibaba has launched the "Ganwen" project, while Ant Group's Lingguang App has gone live; Huawei is set to release breakthrough AI technology [3] - The company has achieved certification for its secure government office system and electronic document transfer system through Huawei Cloud's Kunpeng services [3] Group 2: Market Trends and Economic Indicators - The Consumer Price Index (CPI) for October increased by 0.2% year-on-year; the Ministry of Finance will continue to implement measures to boost consumption [2] - The lithium carbonate futures price has strongly broken through the 100,000 yuan mark, with prices for VC and other electrolyte additives rising significantly [3] Group 3: Company Developments - TeFa Group, controlled by the Shenzhen State-owned Assets Supervision and Administration Commission, focuses on the optical communication industry [2] - The company has announced plans to acquire 95% of a data service and intelligent service company for 185 million yuan [4] - Dream Home has terminated plans for a control transfer and acquisition of a chip company [4] Group 4: Industry Insights - The joint venture between Beixin Road and Tibet Tianchang Construction focuses on highway engineering and water conservancy projects [4] - The company specializes in high-end sanitary ware and has established manufacturing bases in Vietnam [2] - The company is a leader in the baking oil market, promoting its products through various online platforms [2]

二要谨防授权陷阱。盗版剧App在下载和运行过程中，通常需要获取消费者手机位置、照片、相 机、麦克风、通讯录等权限。有的盗版剧App还通过各种套路，诱导消费者跳转至藏有木马、钓鱼程序 的非法网站，窃取消费者个人信息，让消费者在不知情中成为网络诈骗的受害者。消费者在使用App追 剧时，要从正规渠道下载安装，并谨慎授权，警惕授权陷阱，避免信息泄露造成财产损失；要定期检查 App应用权限设置，及时关闭不必要的权限，降低隐私泄露风险。 中新网11月21日电 据中国消费者协会网站消息，近日，有媒体曝光了一批盗版剧App，这些App不 仅盗用大量剧集资源，更会窃取用户个人隐私信息，有的甚至还植入恶意程序，侵害消费者安全权。对 此，中国消费者协会提醒广大消费者：盗版剧App藏风险隐患，切勿因贪"小便宜"而造成"大损失"。 一要树立良好消费观。盗版剧App看似让消费者以"花小钱"或者"不花钱"的方式抢先看到热播剧， 但在画面质量、兼容适配、售后服务等方面缺乏保障，消费者的合法权益容易遭受侵害，且维权困难。 盗版剧App的行为涉嫌侵犯著作权，不仅挫伤原创作者们的创作积极性，还严重影响整个文娱行业的健 康发展，最终损害广大消费者的 ...

Core Viewpoint - The exposure of a batch of pirated drama apps by media highlights significant risks to consumer privacy and security, urging consumers to avoid these apps to prevent substantial losses [1] Group 1: Consumer Awareness - Consumers are misled into thinking they can watch popular dramas for little or no cost through pirated apps, but these apps lack quality assurance and can infringe on consumer rights, making it difficult to seek redress [2] - The behavior of pirated drama apps infringes on copyright, undermining the motivation of original creators and negatively impacting the overall health of the entertainment industry, ultimately harming consumer interests [2] Group 2: Privacy Risks - Pirated drama apps often require extensive permissions from consumers, such as access to location, photos, camera, microphone, and contacts, which can lead to personal information theft [3] - These apps may also redirect consumers to illegal websites containing malware or phishing programs, putting consumers at risk of becoming victims of online fraud [3] Group 3: Legal Rights and Protections - Consumers should retain evidence such as order screenshots, payment records, and contracts to protect their rights during disputes, and can seek resolution through legal channels or consumer protection platforms [5] - The entertainment consumption sector is a vital driver of economic growth in China, and improving the consumption environment requires active participation from consumers to foster a culture of responsible consumption and legal rights protection [5]

新京报讯 据中国消费者协会网站消息，近日，有媒体曝光了一批盗版剧App，这些App不仅盗用大量剧 集资源，更会窃取用户个人隐私信息，有的甚至还植入恶意程序，侵害消费者安全权。对此，中国消费 者协会提醒广大消费者：盗版剧App藏风险隐患，切勿因贪"小便宜"而造成"大损失"。 一要树立良好消费观。盗版剧App看似让消费者以"花小钱"或者"不花钱"的方式抢先看到热播剧，但在 画面质量、兼容适配、售后服务等方面缺乏保障，消费者的合法权益容易遭受侵害，且维权困难。盗版 剧App的行为涉嫌侵犯著作权，不仅挫伤原创作者们的创作积极性，还严重影响整个文娱行业的健康发 展，最终损害广大消费者的切身利益。消费者要树立良好的消费意识和版权保护意识，自觉抵制盗版剧 App，更好地保护自身合法权益。 文娱消费已成为推动我国消费增长的重要动力之一，优化文娱消费环境需要每一名消费者积极参与。让 我们共同树立良好的消费意识，理性判断、依法维权，做一个明明白白的消费者，守护好自身消费安 全。 二要谨防授权陷阱。盗版剧App在下载和运行过程中，通常需要获取消费者手机位置、照片、相机、麦 克风、通讯录等权限。有的盗版剧App还通过各种套路，诱导消 ...

Core Insights - Wanda Film experienced a decline of 1.65% in stock price on November 20, with a trading volume of 328 million yuan [1] - The company reported a net financing purchase of 14.34 million yuan on the same day, with a total financing and margin balance of 1.396 billion yuan [1] Financing Overview - On November 20, Wanda Film had a financing buy-in amount of 51.65 million yuan, with a current financing balance of 1.394 billion yuan, accounting for 5.92% of the circulating market value [1] - The financing balance is above the 90th percentile level over the past year, indicating a high level of financing activity [1] Margin Trading Details - On the same day, Wanda Film repaid 16,100 shares in margin trading and sold 14,400 shares, amounting to 162,700 yuan based on the closing price [1] - The remaining margin balance is 204,420 yuan, which is below the 10th percentile level over the past year, indicating a low level of margin trading activity [1] Company Profile - Wanda Film, established on January 20, 2005, and listed on January 22, 2015, is involved in cinema investment, film distribution, and related businesses [2] - The company's revenue composition includes 62.45% from ticket sales, 12.90% from merchandise and food sales, and 7.52% from advertising [2] Financial Performance - For the period from January to September 2025, Wanda Film reported a revenue of 9.787 billion yuan, a year-on-year decrease of 0.61%, while net profit attributable to shareholders increased by 319.92% to 708 million yuan [2] Shareholder Information - As of September 30, 2025, the number of shareholders increased by 14.51% to 106,200, with an average of 19,640 circulating shares per person, a decrease of 12.67% [2] - The total cash dividends distributed by Wanda Film since its A-share listing amount to 1.153 billion yuan, with no dividends paid in the last three years [3]