数据四舍五入，查看更多财务数据>> 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0687 | 0.0400 | -271.75 | 0.0700 | | 每股净资产（元） | 0 | 0.34 | -100 | 0.3 | | 每股公积金(元) | 0.3 | 0.3 | 0 | 0.32 | | 每股未分配利润(元) | -1.03 | -0.96 | -7.29 | -0.99 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 1.91 | 3.41 | -43.99 | 4.1 | | 净利润(亿元) | -0.28 | 0.17 | -264.71 | 0.31 | | 净资产收益率(%) | -22.54 | 13.13 | -271.67 | 27.97 | | 名称 持有数量(万股) | | 占总股本比例 (%) | 增减情况(万 股) | | --- | --- | ...

以下文章来源于新周刊 ，作者王阿姨 新周刊 . 中国最新锐的生活方式周刊。 作者：王阿姨 来源： 新周刊（ID：new-weekly） 时隔多年，我们不想知道在《非你莫属》不可一世的老板们是怎么来的，只想知道他 们是怎么"没"的。 近期的求职真人秀《开播吧！青春采销》中，杜华凭一句话出了圈。 她以此前面对练习生的经验，反复用一句"你觉得你配吗"质问求职者，登上热搜。 此情此景，让人很难不联想到初代网红求职节目——《非你莫属》。 这档求职综艺开播自2010年，由张绍刚主持。在网络资讯还不够发达的年代，这个节目似乎天 然接轨了2020年代综艺节目的争议套路，极其擅长制造故事与冲突，尤其以主持人和求职者互 怼、老板和求职者互怼等名场面，在当时的网络疯狂发酵。 那些争执 倘若 发生在当下，大概要长住热搜里。 比如"求职者晕倒"事件，一位自称留学法国的年轻人在节目上求职的过程中被老板和主持人张 绍刚反复质疑，最终不堪压力在现场晕倒。张绍刚也自此一战成名，成为"不会好好说话"的代 言人。 节目中，张绍刚吸引了大部分观众的火力，而那些作为挑选者的民企老板，怼起求职者毫不心 慈手软。在逼问、质疑、调侃甚至刁难求职者，以及强调 ...

Core Viewpoint - The rise of Chinese short dramas is significantly impacting Hollywood, with an average of 100 Chinese short dramas being filmed monthly in Los Angeles, showcasing a shift in audience preferences and industry dynamics [1][4][25] Group 1: Industry Dynamics - Chinese short dramas are challenging traditional Hollywood norms, introducing new themes and storytelling techniques that resonate with audiences [2][25] - The production of short dramas in Los Angeles has attracted a diverse talent pool, including foreign directors and actors, indicating a blending of cultural influences [1][4][21] - The filming process is tightly scheduled, typically requiring 7 to 9 days, with budgets ranging from $100,000 to $200,000 per drama, reflecting a focus on cost control [7][10][11] Group 2: Talent and Casting - The casting process for short dramas is heavily influenced by Chinese investors, who prioritize specific physical attributes and performance data when selecting actors [11][13][21] - Notable actors like Noah and Jackson have emerged as top choices for short dramas, with daily wages of $1,000 and $2,000 respectively, highlighting the competitive nature of talent acquisition [10][11][19] - Many actors view participation in short dramas as a viable career path, despite initial perceptions of the genre being less prestigious [17][18] Group 3: Audience Reception - The audience for these short dramas is primarily foreign, yet the content and casting decisions are predominantly driven by Chinese investors, indicating a unique market dynamic [11][21][23] - Contrary to expectations, complex narratives tend to perform poorly, while straightforward, dramatic plots resonate more with viewers, suggesting a preference for entertainment over depth [13][25] Group 4: Future Outlook - The future of the short drama industry appears promising, with a stable audience base and data supporting its growth, although there remains a cautious outlook among industry insiders [19][21] - Despite the integration of Hollywood resources, the core creative decisions and production control remain with Chinese investors, indicating a parallel yet distinct industry evolution [21][23][24]

Core Viewpoint - The company reported a revenue of 8.12 billion RMB in 2024, representing a year-on-year growth of 15.8%, while the gross profit reached 3.92 billion RMB, up 16.3% year-on-year, with a gross margin of 48.3%, an increase of 0.2 percentage points. However, the company faced a net loss attributable to shareholders of 210 million RMB, compared to a profit of 800 million RMB in 2023, primarily due to a net loss of 970 million RMB related to goodwill impairment from Xinli Media [2][3]. Group 1: Online Business Performance - Online business revenue was 4.03 billion RMB, a year-on-year increase of 2.1%. Revenue from proprietary platform products rose by 3.4% to 3.53 billion RMB, while revenue from Tencent product channels decreased by 28.2% to 250 million RMB due to a focus on core paid reading products, leading to reduced advertising revenue. Third-party platform online business revenue increased by 32.0% to 250 million RMB due to expanded cooperation with certain third-party distribution partners [3]. - The average monthly active users (MAU) for the company's proprietary platform and Tencent product self-operated channels was 16.66 million, a year-on-year decline of 19%. The MAU for the proprietary platform was 10.38 million, remaining relatively stable, while the MAU for Tencent's self-operated channel dropped by 37.7% to 6.28 million. The average monthly number of paying users increased by 4.6% year-on-year to 9.1 million, attributed to the launch of more membership content, although the average revenue per paying user decreased by 1.5% to 32 RMB [3]. Group 2: IP Derivatives and Xinli Media Performance - Revenue from copyright operations and other income grew by 33.5% to 4.09 billion RMB. Xinli Media generated 1.64 billion RMB in revenue with a profit of 340 million RMB in 2024. The company launched several TV dramas in the first half of 2024, but some series were delayed, impacting profits. The project pipeline for the next two years is robust, with several anticipated releases [4]. - In the short drama segment, the company released over 100 short dramas in 2024, with the highest single work revenue nearing 40 million RMB. New releases at the beginning of 2025 achieved over 50 million RMB in revenue within seven days [4]. - The company's derivative products achieved a gross merchandise volume (GMV) exceeding 500 million RMB in 2024, with card products contributing over 200 million RMB. The company established partnerships with over 150 licensing partners and developed a comprehensive sales channel, including online and offline stores [4].

以下文章来源于正面连接 ，作者于友嘤 正面连接 . 面对复杂 "霸道总裁"不远万里迷倒了美国人。 这个在美国影视业横空出世，提供大量就业岗位、创造大量市值的新生事物，正是我们 每天打开手机就能刷到的短剧。 世界不停地改变。2025年，"霸道总裁"不远万里迷倒了美国人。美国人的生活也开始 需要"甜宠""逆袭"和"打脸"的慰藉了吗？ 我们采访了美国的短剧生产团队，从制作端看，他们比我们更规范、更专业主义，劳工 权益更受保障；从受众端看，他们和我们遥相呼应：庞大的人口基数，割裂又固化的阶 层，越来越混乱的价值观。 美国短剧的幕后，是剧变中压抑的中国留学生，以及找不到工作的美国演员。两个边缘 群体齐心协力，用一个个泼咖啡、摔东西、好人即刻好报、坏人即刻天谴的镜头开辟出 一条奇异通道，连接了中国与美国，以及两边共享的那些重要但隐形的社会情绪。 原装国货占领北美市场 作者 | 于友嘤 编辑 | GGY 来源 | 正面连接 （ID：zmconnect） 2023年以来，继网络文学、网络游戏之后，短剧成为中国第三样出海成功的文化产品。 《2024年短剧出海市场洞察》显示，已有200多款中国短剧App投放海外市场，累计下 载量 ...

Core Viewpoint - The short drama "Afternoon Rose," starring 59-year-old Li Ruotong, has gained significant attention by outperforming many traditional TV dramas in viewership ratings, highlighting a growing trend in the short drama industry [1][2]. Group 1: Overview of "Afternoon Rose" - "Afternoon Rose" focuses on the theme of middle-aged women returning to the workplace, depicting the protagonist's journey of overcoming challenges to realize her self-worth [2]. - The drama consists of 16 episodes, each lasting less than 4 minutes, and airs two episodes daily [1]. - During its broadcast, "Afternoon Rose" surpassed the viewership ratings of several long-running dramas, including "Datang Rongyao" and "Jiuchongzi" [2]. Group 2: Industry Trends - The short drama sector is experiencing rapid growth, with notable stars like Liu Xiaoqing and Shu Chang also entering this space [12][15]. - The market size for micro-short dramas in China reached 50.5 billion yuan in 2024, surpassing the box office revenue of films for the first time [18]. - Major video platforms like Tencent Video and iQIYI are shifting their budgets to invest 10%-20% in short drama development, indicating a strategic pivot towards this format [16][17]. Group 3: Regulatory Environment - Recent regulatory measures have been implemented to address concerns over inappropriate content in micro-short dramas, with platforms like WeChat and Douyin taking action against non-compliant works [20]. - The National Radio and Television Administration has issued guidelines emphasizing that micro-short dramas should be relatable and grounded in reality, discouraging excessive sensationalism [21][22].

Core Viewpoint - The competition between long and short video platforms has intensified, with short dramas emerging as a significant market force, leading to a new copyright battle in the industry [4][6][10]. Market Overview - The micro short drama market in China reached a scale of 50.4 billion in 2023, growing by 34.9% year-on-year, and is expected to exceed 68 billion by 2025 and 100 billion by 2027 [6]. - By the end of 2024, the user base for micro short dramas is projected to reach 662 million, accounting for 59.7% of internet users in China [6]. Industry Dynamics - The traditional hierarchy in the entertainment industry has been disrupted, with short dramas proving to be a lucrative segment, attracting major players to invest heavily [5][6]. - The rise of platforms like Hongguo has shifted the focus from high-budget films to low-cost, high-return short dramas, making them more appealing to content creators [5][10]. Competitive Landscape - Hongguo's rapid growth has positioned it as a significant disruptor in the market, with its monthly active users reaching 150 million by the end of 2024, a 551% increase year-on-year [9][10]. - Major platforms like iQIYI, Tencent Video, and Youku are increasing their short drama offerings, with iQIYI planning to release two new short dramas weekly [10][11]. Financial Aspects - The production costs for short dramas have risen, with some productions now costing up to 80,000 per episode, making profitability more challenging [9]. - Despite the rising costs, the potential for profit remains, as evidenced by successful short dramas generating significant revenue, with some projects earning over 5 million in monthly revenue [14][15]. Future Outlook - The short drama market is expected to continue evolving, with platforms competing aggressively for content supply and audience engagement [12][16]. - The industry is witnessing a shift towards a more sustainable model, where quality and quantity must be balanced to achieve success [21].

Core Insights - Runway aims to position itself as a leader in the AI video generation space, focusing on industry professionals while competing against larger companies like Google and OpenAI [2][4][6] - The company has secured a significant partnership with Lionsgate, allowing it to train new models on over 20,000 films, marking a pivotal moment for AI adoption in Hollywood [11][12] Company Strategy - Runway's founders, including CEO Cristóbal Valenzuela, have adopted a bold approach in response to competition, publicly challenging rivals and emphasizing their unique position in the market [2][3] - The company plans to provide direct funding support to filmmakers, further solidifying its presence in the entertainment industry [5][12] Financial Performance - Runway has raised substantial funding, including a $400 million round last year, and aims for an annual revenue of $300 million in 2023, with projections of $80 million by December 2024 [8][12] - The company claims that its AI video models can reduce production costs by 50% to 80%, making it an attractive option for filmmakers [12] Market Positioning - Runway differentiates itself by focusing on tools that enhance creative processes rather than replace human jobs, positioning itself as a partner to filmmakers [9][10] - The company has developed 35 "magic tools" for video creation, catering to various aspects of the production process, which have been adopted by notable projects [21][22] Industry Impact - The partnership with Lionsgate is seen as a turning point for the industry, with potential savings of "millions of dollars" for studios [12] - Runway's tools have been successfully integrated into various projects, demonstrating their effectiveness and efficiency in real-world applications [21][22] Future Plans - Runway is set to launch a $5 million fund to support filmmakers exploring AI technology, aiming to create a cycle of innovation and adoption within the industry [23][25] - The company plans to produce a range of projects, from short animations to feature films, by 2025, further embedding itself in the Hollywood ecosystem [24][25]

今天上午的时候，几乎所有我关注的微信群都在做同一件事，就是根据官方发出来的现场照片背影，挨个猜测都是哪些大佬。 现场照片我就不转发了， 我 没牌照也没授权， 不想惹麻烦。 这些大佬平时在媒体上出现大都是c位，再不济也肯定是正脸，但是今天有更重要的c位，所以大佬们集体背影出镜，也是难到大家了，因为平时确实很少 看背面。 第一个被认出的是雷军，讲道理在一众五六十岁的中老年人里他还是挺显帅的，第二个被认出来的是坐右边的马云，因为他的头又大又圆，好认。第三个 被认出来的是曾毓群，脱发明显，依稀地中海，被眼尖的宁德粉丝看到了。 剩下的背影七嘴八舌的，认错人的不少，一直到最后官方正式报道了与会企业家的名单。 然后就和现场背影一一对上了，有几个点让我略感意外： 5、 最近几年中国首富钟睒睒也没有，但飞鹤的冷有斌在现场。我要是没记错的话 ， 冷有斌也是在场企业家里，唯一一个 籍贯在 暖气区的。 …… 开会的同时港股的科技行情也持续发酵，昨晚腾讯宣布接入deepseek模型，大幅提升了自己的含D量，结果今天直接高开6%，股价一举越过了500元大 关。 deepseek真不愧是当前最强风口，连腾讯这个市值级别的公司也能吹起来，我 ...

韩国那边也有很多闭麦对嘴型的演出，但通常是女团或者男团的唱跳演出，成员有剧烈的舞蹈动作和队形变换，这个时候实力不稳的成员唱出来的歌声犹 如杀猪，确实开不了麦。 但韩国也有一个潜规则，就是纯歌手（没有舞蹈动作，就是站着唱歌）基本都是现场live，因为你所有的表演内容就是唱歌，如果歌声还是假的你站那里 就没意义了。 春晚歌曲节目的预制菜含量高这是众所周知的，曾经有那么几年也尝试大力推行现场live，结果事故频发，比如王菲2012年和陈奕迅的《因为爱情》是真 唱，你们去搜，节目效果一言难尽。王菲的嗓子早就不太好了，每次唱高音都让人提心吊胆，昨晚那首突然稳如老狗当然是预制菜了。 昨晚我说某菲的节目是预制菜，底下有一些可能是粉丝给我一顿数落，我当然不是乱讲了，哪些是预制菜，哪些是现炒的，这对我来说不难分辨。 我有个二十多年的爱好，就是看kpop的打歌舞台，这么多年下来看了得有几千个了，哪些是闭麦演出，哪些是半开麦，哪些是全开麦，听多了就知道。 这次的人物塑造有亮点，我出人意料的喜欢上了申公豹这个角色，虽然只是几笔简单着墨，但一下子让这个惯常在封神故事里打酱油的配角立体丰满了起 来，影片结尾埋下了他的故事线，所以肯定会继 ...