中视金桥公布2025年上半年的中期业绩。期内，集团收入为人民币1.83亿元，同比下降45%；公司权益 股东应占溢利为人民币3294.8万元，同比增长10%；基本每股盈利为人民币0.071元。 各项业务收入均出现不同程度的下降：电视媒体资源运营业务收入为人民币9148.6万元，同比下降 48%；内容经营、其他整合传播服务和其他业务收入合计为人民币3635.5万元，同比下降17%；数字营 销和网络媒体收入合计为人民币4194.4万元，同比下降56%。 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company reported a revenue of 1.657 billion yuan for the first half of 2025, a year-on-year decline of 13.36%, while the net profit attributable to shareholders was 144 million yuan, an increase of 10.83% [2][5]. - In Q2 2025, the company achieved a revenue of 840 million yuan, down 13.93% year-on-year, with a net profit of 71 million yuan, a decrease of 13.15% [5]. - The company is focusing on its advertising business while actively expanding new business areas, with the lottery business expected to see significant breakthroughs [2][5]. Summary by Sections Financial Performance - For H1 2025, the company achieved a net profit of 144 million yuan, up 10.83% year-on-year, and a non-recurring net profit of 127 million yuan, up 4.56% [5]. - In Q2 2025, the gross margin improved, with a year-on-year increase of 1.47 percentage points and a quarter-on-quarter increase of 6.99 percentage points, reaching 22.06% [10]. Business Development - The company is actively expanding its marketing services for leading clients across various industries, including a new marketing project for the AITO brand in the automotive sector [10]. - The lottery business is being developed with over 30 stores launched in various provinces and nearly 1,000 cinema channel stores signed [10]. - A strategic cooperation agreement was signed with a well-known chip application design and distribution service provider to enhance investment strategies and resource sharing [10]. Future Outlook - The company expects to achieve net profits of 330 million yuan and 505 million yuan for 2025 and 2026, respectively, corresponding to PE ratios of 21.95 and 14.33 [10].

Core Viewpoint - Longyun Co., Ltd. (603729) reported mixed financial results for the first half of 2025, with revenue growth but significant losses in net profit and declining profitability metrics [1][3]. Financial Performance - Total revenue reached 256 million yuan, a year-on-year increase of 23.99% [1] - Net profit attributable to shareholders was -14.695 million yuan, a decline of 81.26% year-on-year [1] - Gross margin decreased to 7.11%, down 54.32% compared to the previous year [1] - Net margin was -5.85%, a decrease of 44.48% year-on-year [1] - Operating cash flow per share was -0.11 yuan, a significant decline of 621.89% [1] Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 25.6511 million yuan, accounting for 10.02% of revenue, down 37.22% year-on-year [1] - Sales expenses decreased by 32.99% due to business adjustments [3] - Management expenses fell by 24.51% as a result of reduced personnel costs and operational expenses [3] - Financial expenses increased by 13.93% due to higher bank loan interest [3] Balance Sheet Insights - Current ratio stood at 0.91, indicating rising short-term debt pressure [1][5] - Cash and cash equivalents decreased by 72.51% to 7.9372 million yuan, primarily due to payments for business expenses [3] - Accounts receivable increased by 14.92% to 220 million yuan [1] Investment Returns - The company's return on invested capital (ROIC) was 2.87%, indicating weak capital returns [4] - Historical data shows a median ROIC of 4.09% since listing, with a notably poor ROIC of -24.89% in 2022 [4] Market Position and Fund Holdings - The primary fund holding Longyun Co., Ltd. shares is CITIC Prudential Anxin Return Bond A, with 115,000 shares held [5]

Mergers and Acquisitions - Chongqing Water announced the acquisition of 100% equity of Chongqing Yujing Water for 354 million yuan, which does not constitute a major asset restructuring [1] - Wanlong Magnetic Plastic plans to acquire 100% equity of Taizhou Tianen Electronics for 236 million yuan, focusing on glass products for home appliance components [2] - Tailin Micro is planning to purchase all or part of the equity of Shanghai Panqi Microelectronics through a combination of share issuance and cash payment, with the transaction expected not to constitute a major asset restructuring [3] Performance Disclosure - Jiu Gui Jiu reported a 92.6% year-on-year decline in net profit attributable to shareholders, with revenue of 561 million yuan, down 43.54% [4] - Ping An Bank's net profit attributable to shareholders decreased by 3.9% year-on-year, with revenue of 69.385 billion yuan, down 10% [5] - Ganfeng Lithium reported a net loss of 531 million yuan, with revenue of 8.376 billion yuan, down 12.65% [6] - China CNR announced a 72.48% year-on-year increase in net profit attributable to shareholders, with revenue of 119.758 billion yuan, up 32.99% [7] Shareholding Changes - Xin Qiang Lian's controlling shareholders plan to reduce their holdings by up to 2.3385 million shares and 4.677 million shares, respectively [8] - Changjiang Electric's controlling shareholder plans to increase its holdings in the company by no less than 4 billion yuan and no more than 8 billion yuan within the next 12 months [9] Risk Matters - Huayang Lianzhong will be subject to other risk warnings starting August 26, with its stock name changing to ST Huayang [10]

对于为何推出AI答疑笔，网易有道高级副总裁吴迎晖在接受《华夏时报》记者在内的媒体采访时表 示，一个非常典型的数据是，公司去年的旗舰款词典笔已经加上了能够答疑的小P老师，今年的AI答疑 笔推出之后，答疑的使用频次已经远高于查词翻译的使用频次了，渗透率甚至高出30%，"这给了我们 非常强烈的信心，答疑是一个非常大的需求。"他还表示，用户向答疑笔提问的核心学科已经转为数 学，所以公司也就有信心去推出答疑笔的二代产品。 教育公司发力硬件早已不是新鲜事，学习机更是玩家们重点布局的赛道。不过，网易有道（下称"有 道"）开始选择错位竞争，其在今年2月推出了有道AI答疑笔，因是首款搭载DeepSeek的教育硬件，一 经上市便一度售罄。8月20日，有道再次推出了全新AI答疑笔Space X。 虽然有道以教育起家，具有浓厚的教育基因，但随着大模型从"聊天"走向了"推理"和"智能体"时代，有 道也持续在教育、短剧、电商等高价值场景做技术突破和应用落地。有道似乎不想将自己的未来拘泥于 教育上。 押注答疑笔 当其他教育公司都在将重心放在学习机这一最大教育硬件单品时，有道选择了另一条路。 据了解，2025年初，作为品类开创者，有道的词典 ...

营业收入变动幅度为-8.01%,原因:市场环境影响，业务规模减少。 营业成本变动幅度为-9.75%,原因:市场环境影响，业务规模减少。 销售费用变动幅度为26.62%,原因:电商业务宣传推广费增加。 据证券之星公开数据整理，近期天下秀（600556）发布2025年中报。截至本报告期末，公司营业总收入 18.44亿元，同比下降8.01%，归母净利润3637.92万元，同比下降19.28%。按单季度数据看，第二季度 营业总收入9.47亿元，同比下降8.86%，第二季度归母净利润2304.66万元，同比下降24.31%。本报告期 天下秀公司应收账款体量较大，当期应收账款占最新年报归母净利润比达4657.77%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率19.14%，同比增8.87%，净利率1.89%， 同比减13.79%，销售费用、管理费用、财务费用总计2.59亿元，三费占营收比14.06%，同比增24.8%， 每股净资产2.13元，同比增0.31%，每股经营性现金流-0.1元，同比减6.7%，每股收益0.02元，同比减 19.28% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | ...

上海龙韵文创科技集团股份有限公司 董事会审计委员会工作细则 第一章 总 则 第一条 为强化上海龙韵文创科技集团股份有限公司（以下简称"公司"） 董事会决策功能，健全公司内部监督机制，做到事前审计、专业审计，确保董事 会对经营层的有效监督，完善公司治理结构，根据《中华人民共和国公司法》 （以 下简称"《公司法》"）《上市公司治理准则》《东浩兰生会展集团股份有限公 司章程》（以下简称"《公司章程》"）及其他有关规定，公司特设立董事会审 计委员会，并制定本实施细则。 第二条 董事会审计委员会是董事会下设的专门工作机构，行使《公司法》 规定的监事会的职权，主要负责审核公司财务信息及其披露、监督及评估内外部 审计工作和内部控制。 第二章 人员组成 第三条 审计委员会成员由不少于三名不在公司担任高级管理人员的董事组 成，其中独立董事应过半数，且至少一名独立董事为具有高级职称或注册会计师 资格的专业会计人士。审计委员会过半数成员不得在公司担任除董事以外的其他 职务，且不得与公司存在任何可能影响其独立客观判断的关系。董事会成员中的 职工代表可以成为审计委员会成员。 第六条 审计委员会任期与董事会任期一致，委员任期届满，连选可 ...

上海龙韵文创科技集团股份有限公司 对外担保制度 第三条 本制度所称子公司是指全资子公司、控股子公司和公司拥有实际控 制权的参股公司。 公司全资子公司和控股子公司的对外担保，视同公司行为，其对外担保应执 行本制度。公司全资子公司和控股子公司应在其董事会或股东会做出决议后及时 通知公司履行有关信息披露义务。 第四条 公司对外担保实行统一管理，未经公司董事会或股东会批准，任何 人无权以公司名义签署对外担保的合同、协议或其他类似的法律文件。 第五条 公司董事和高级管理人员应审慎对待和严格控制担保产生的债务风 险，并对违规或失当的对外担保产生的损失依法承担连带责任。 第六条 公司对外担保应当遵循合法、审慎、互利、安全的原则，严格控制 担保风险。 第七条 公司为他人提供担保，应当采取反担保等必要的措施防范风险，反 担保的提供方应具备实际承担能力。 第一章 总则 第一条 为了维护投资者的利益，规范上海龙韵文创科技集团股份有限公司 （以下简称"公司"）的担保行为，控制公司资产运营风险，促进公司健康稳定 地发展，根据《中华人民共和国担保法》等相关法律、法规以及《公司章程》的 相关规定，制定本制度。 第二条 本制度所称担保是指公 ...

Core Points - The internal audit system of Shanghai Longyun Cultural Technology Group Co., Ltd. aims to standardize internal audit work in accordance with national standards and regulations [2][3] - The internal audit institution is independent and reports to the board of directors, ensuring objectivity and avoiding conflicts of interest [2][3][5] Summary by Sections General Principles - The internal audit system is established based on guidelines from the China Internal Audit Association and relevant laws, applicable to the company and its subsidiaries [2] - The overall goals of internal auditing include improving the quality of accounting information, ensuring compliance with financial regulations, and providing recommendations for internal control improvements [2][3] Types of Internal Audits - Internal audits are categorized into financial statement audits, operational performance audits, executive departure audits, internal control audits, fixed asset investment audits, and other special audits [3][4] - Financial statement audits focus on the legality and fairness of financial data submitted by subsidiaries [3] - Operational performance audits assess the completion of performance indicators and their influencing factors [3][4] - Executive departure audits evaluate the financial status and performance of departing executives [4] Organization of Internal Audit Work - The internal audit institution operates independently and adheres to principles of objectivity and confidentiality [5][6] - The institution has the authority to review relevant financial documents and request cooperation from audited units [5][6] Internal Audit Reports - Internal audit reports summarize the findings and are submitted to the board of directors, with significant issues addressed in written recommendations [6] - Audited units must respond with a written rectification plan and report on the implementation of corrective actions [6] Supplementary Provisions - Violations of the internal audit system may result in disciplinary actions against responsible personnel [6] - The board of directors is responsible for interpreting the internal audit system, which takes effect upon approval [6]

上海龙韵文创科技集团股份有限公司 内幕信息知情人登记管理制度 第一章 总则 《上海证券交易所股票上市规则》、等有关法律、法规及《上海 龙韵文创科技集团股份有限公司章程》和《信息披露管理制度》等相关规定， 特制定本制度。 第二条 公司董事会是内幕信息的管理机构，应保证内幕信息知情人档案真 实、准确和完整，公司董事长为主要责任人。 第三条 董事会秘书负责办理公司内幕信息知情人登记入档事宜，董事会办 公室负责公司内幕信息的日常管理工作。公司审计委员会负责对内幕信息知情 人登记管理制度的实施情况进行监督。 第四条 公司董事及高级管理人员和公司各部门、控股子公司、公司能够对 其实施重大影响的参股公司及相关人员都应做好内幕信息的保密工作，应积极 配合董事会秘书做好内幕信息知情人的登记、报备工作，内幕信息知情人负有 保密责任，在内幕信息依法披露前，不得公开或者泄露该信息，不得利用内幕 信息买卖公司证券及其衍生品种，不得进行内幕交易或配合他人操纵公司证券 价格。 第二章 内幕信息及内幕信息知情人的范围 第五条 本制度所指内幕信息是指：为内幕人员所知悉的涉及公司的经营、 财务或者对公司证券的市场价格有重大影响的尚未公开的信息。 ...