人民财讯8月21日电，据猫眼专业版数据，8月21日22时47分，2025年8月总票房破45亿元，《南京照相 馆》持续领跑8月票房榜，《浪浪山小妖怪》《捕风追影》分列二三位。 转自：证券时报 ...

Group 1 - The State Council has given principle approval to the "Open Innovation Development Plan for the Entire Biopharmaceutical Industry Chain in the China (Jiangsu) Pilot Free Trade Zone" [2][3] - The National Radio and Television Administration has implemented measures to enrich television content, including the removal of the 40-episode limit and support for high-quality documentaries and animations [2][3] - Multiple bank stocks have reached historical highs, with Agricultural Bank and Postal Savings Bank both achieving record prices [5] Group 2 - Hong Kong Stock Exchange is exploring the feasibility of a 24-hour trading mechanism [6] - Alibaba plans to spin off its subsidiary, Zhibao Network, for an independent listing on the Hong Kong Stock Exchange, retaining over 30% ownership post-split [6] - DeepSeek has announced a price increase for its API services starting September 6, 2025, while current pricing remains in effect until then [7] - Lao Pu Gold reported a revenue increase of 251% year-on-year for the first half of 2025, with profits rising by 285.8% [9] - The Federal Reserve has decided to maintain the federal funds rate target range at 4.25%-4.5%, citing economic activity slowdown and persistent inflation concerns [9] - The American Soybean Association is urging the U.S. government to reach an agreement with China to alleviate financial pressures on soybean farmers as the harvest season approaches [10]

Group 1 - The media and film industry once thrived in the capital market, with the media sector rising 172% in 2015, becoming the best-performing industry that year [2][3] - Following the release of the new policies, film stocks surged, with companies like Mango Super Media and Ciweng Media hitting their limits [3][4] - Despite the recent policy boost, the capital market remains skeptical about the long-term recovery of film stocks, which have seen a decline of over 50% since 2016 [4][6] Group 2 - Major film companies like Wanda Film and Huayi Brothers have experienced stock declines of over 80%, while companies focused on long dramas like Ciweng Media have seen declines of over 70% [6][7] - Mango Super Media, despite a 15-fold increase in stock price since its listing in 2015, has seen a 70% drop from its peak in 2021, with revenue and net profit both declining significantly in 2024 [8][9] - The overall industry is facing a profit volatility issue, with only a few companies like Huayi Brothers and Beijing Culture showing positive net profit growth in 2024 [11][12] Group 3 - The new policies have relaxed content restrictions and improved review efficiency, which could potentially benefit production companies and enhance the quality and efficiency of industry output [24][26][28] - The short drama market has rapidly grown, surpassing 500 billion in 2024, accounting for 70% of the long drama market, indicating a shift in viewer preferences [30][31][32] - The supply side of the industry is under pressure, with a 73% decrease in the number of TV dramas approved for release over the past decade [36][39] Group 4 - The introduction of AI technology in video production and advertising is expected to empower companies like Mango Super Media, potentially transforming the industry's cost structure and investment returns [43][45] - The film industry is navigating through a complex landscape of regulatory changes, content ecology, and technological advancements, which will shape its future [46][47] - The ongoing decline in supply and the need for capital reinvestment are critical for the industry's recovery and long-term growth [47]

作者 | 远禾 数据支持 | 勾股大数 据（www.gogudata.com） 曾几何时，传媒影视行业傲视整个资本市场。 2015年A股暴跌之中，传媒影视板块异军突起，年内上涨了172%，成为那一年表现最好的行业，没有之一。 然而此后，多数影视股便陷入长久下跌。 随着广电所谓新21条小作文的来袭，影视股终于翻了一把身。 政策发布后，影视股轮番暴涨。芒果超娱、慈文传媒一度涨停，欢瑞世纪、华谊兄弟、中视传媒等纷纷走高。 在来势汹汹的短剧面前，长剧终于迎来了自己的"及时雨"。 但政策带来的利好，似乎仍未被资本市场完全认可。 影视股，能够再现辉煌吗？ 01 Wind数据显示，2016年至今，影视指数整体下跌超50%。 其中，曾经的电影大厂万达电影、华谊兄弟、北京文化，均跌超80%。 专注长剧市场的慈文传媒、欢瑞世纪，也跌超70%。 影视股股价的过山车，是暴涨背后没有突出的业绩支撑，最终只能成为空中楼阁。 以2015年上市的芒果超媒为例，尽管没能赶上2015年以前的盛况，但上市之后的6年内，芒果超媒股价持续上涨15倍，成为影视股的低潮 中，罕见维持上涨的影视股。 某种意义上讲，芒果超媒并非传统意义上单一的媒体平台，而是 ...

另一方面，再迎行业利好消息，医药类股全线拉升，互联网医疗股方向涨幅较大，叮当健康大涨近24% 领衔，券商指为完成全年预算，基建支出需加速，基建类全天强势，中国中车、时代电气涨超5%，影 视股、石油股、电信股、家电股、光伏股多数表现活跃。(格隆汇) （原标题：港股收评：恒指跌0.24%，科技股普跌，苹果概念股走弱，基建医药强势） 盘面上，作为市场风向标的大型科技股多数表现低迷，美团跌3%，百度跌2.58%，小米跌超2%，阿里 巴巴跌1.5%，京东跌超1%，腾讯勉强翻红，网易涨1%；昨日大幅上涨的苹果概念股跌幅明显，其中， 瑞声科技绩后大跌超13%，舜宇光学、鸿腾精密跌超3.5%，锂电池股、新消费概念股、汽车股、黄金 股、铜业股等有色金属齐跌，其中，新消费老铺黄金跌近4%，奈雪的茶、茶百道、蜜雪集团等饮料股 纷纷走低。 港股三大指数集体收跌，恒生科技指数午后一度跌至1.3%，最终收跌0.77%，恒生指数、国企指数分别 下跌0.24%及0.43%，午后市场情绪稍显弱势。 ...

没有股票账户的投资者可关注国泰中证动漫游戏ETF联接C（012729），国泰中证动漫游戏ETF联 接A（012728）。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 华创证券指出，游戏行业高频数据向好且中报预期良好，板块具备持续性，暑期DAU及商业化表 现亮眼。传媒板块当前明线为AI应用起势，暗线为内容输出带来的文化自信，看好中国开源大模型爆 发及产业格局重塑，预计将经历公有云价值重塑、B端赋能及C端场景落地三阶段。影视行业受剧集政 策边际宽松催化，"电视 ...

21世纪经济报道记者贺泓源、实习生李晴 长视频市场继续收缩。 2025年8月20日，爱奇艺披露了二季报。财报显示，当期，爱奇艺营收同比下滑11%至66.28亿元，跌幅 超8亿元；净亏损为1.337亿元，上年同期净利润为6870万元。 其中，爱奇艺会员收入同比下降9%至40.9亿元，广告收入同比下降13%至12.7亿元，内容分发收入同比 下降37%至4.37亿元，其他收入同比增长6%至8.293亿元。 如此市场环境下，爱奇艺内容成本同比下滑8%至37.8亿元。 需要注意的是，业绩遇挫的远不止爱奇艺。 腾讯财报显示，截至今年二季度末，腾讯视频视频付费会员数为1.14亿，同比、环比均下滑300万。 爱奇艺创始人龚宇就对外透露，长视频的观众正在流失，特别是最近两三年非常严重。 好在，一些政策正在涌向影视行业。 8月18日晚，国家广播电视总局发文明确，其已于近期印发实施《进一步丰富电视大屏内容 促进广电视 听内容供给的若干举措》。 《若干举措》强调，要多措并举加强内容建设，增加优质广电视听内容供给。实施"内容焕新计划"，加 强内容创新；改进电视剧集数和季播剧播出间隔时长等管理政策；改进电视剧内容审查工作，优化机 制、提 ...

每经AI快讯，据猫眼专业版数据，电影《浪浪山小妖怪》上映20天，总票房破11亿元。 ...

Core Insights - The report highlights a positive outlook for the A-share market, with expectations of a gradual upward trend supported by policy easing and increased capital inflow from residents' savings transitioning to the capital market [9][10][12] - The semiconductor and beverage sectors are leading the market performance, while the automotive industry is experiencing a stable operation despite seasonal fluctuations [6][18] - The gaming, publishing, and IP derivative sectors are identified as promising investment opportunities due to strong fundamentals and favorable policies [14][15][16] Domestic Market Performance - The Shanghai Composite Index closed at 3,766.21, up by 1.04%, while the Shenzhen Component Index rose by 0.89% to 11,926.74 [4] - The average P/E ratios for the Shanghai Composite and ChiNext are 15.25 and 45.20, respectively, indicating a suitable environment for medium to long-term investments [9][10] International Market Performance - Major international indices such as the Dow Jones and S&P 500 experienced slight declines, with the Dow down by 0.67% and the S&P 500 down by 0.45% [5] Industry Analysis - The automotive industry saw a year-on-year growth in production and sales, with July figures showing a production of 259.11 million vehicles, a 13.33% increase year-on-year [18][19] - The gaming sector is expected to benefit from AI applications, with the domestic gaming market reaching new highs in H1 2025 [15][16] - The publishing sector is stable, with a strong demand for educational materials and a focus on high-dividend state-owned companies [17] Investment Recommendations - The report suggests maintaining a "stronger than market" rating for the automotive sector, emphasizing the importance of policy support and technological advancements in smart driving [20] - In the semiconductor industry, the report recommends focusing on domestic AI chip manufacturers due to the increasing demand for localized solutions [34][35] - The gaming and publishing sectors are highlighted for their growth potential, with specific attention to companies that are leveraging AI technology and exploring IP derivative markets [15][16][30]

Fiscal Revenue and Expenditure - In the first seven months, the national general public budget revenue reached 135839 billion yuan, a year-on-year increase of 0.1%, reversing the decline seen in the first half of the year [3] - National general public budget expenditure was 160737 billion yuan, up 3.4% year-on-year, with significant increases in social security, education, and health expenditures [3] - Government fund budget revenue decreased by 0.7% year-on-year, with local government fund revenue down 1.8%, indicating a continued downturn in the land market [3][4] Banking Sector - Several village and town banks have lowered deposit rates by 10 to 20 basis points, reflecting a broader trend of declining deposit rates across the banking sector [5] - The one-year Loan Prime Rate (LPR) remains unchanged at 3.00%, while the five-year LPR is at 3.50%, indicating stable lending conditions [5] - The banking sector faces pressure on profitability despite lower funding costs, with weak demand for new loans impacting growth [6] Xiaomi's Performance - Xiaomi reported a 30.5% year-on-year increase in Q2 revenue, reaching 1160 billion yuan, with a net profit of 108 billion yuan, up 75.4% [9] - The automotive business saw significant growth, with revenue from smart electric vehicles increasing by 233.9% to 213 billion yuan, indicating a strong second growth curve for the company [10] - Despite strong performance in the automotive sector, traditional smartphone sales showed signs of weakness, with market competition intensifying [9][10] Pop Mart's Financial Results - Pop Mart's revenue surged by 204.4% year-on-year to 138.8 billion yuan, with net profit increasing by 396.5% to 45.7 billion yuan [11] - The overseas market has become a key growth driver, with international revenue rising by 440% [11] - The company is shifting focus from blind boxes to higher-margin plush toys, indicating a strategic pivot to enhance profitability [11][12] Gaming Industry Developments - Game Science released a teaser for "Black Myth: Zhong Kui," indicating ongoing development in the single-player action RPG genre [13] - The success of "Black Myth: Wukong" has not led to a surge in domestic single-player game development, highlighting challenges in the industry [14] Meta's AI Team Restructuring - Meta is restructuring its AI team into four independent departments to accelerate its "superintelligence" goals, reflecting a strategic shift in response to competitive pressures [15][16] - The company is facing challenges in AI product innovation, necessitating a focus on core talent and effective restructuring to remain competitive [16] Stock Market Trends - The stock market showed resilience with the Shanghai Composite Index rising by 1.04%, reaching new highs, despite some sectors experiencing corrections [17][18] - Market activity remains robust, with over 3600 stocks rising, indicating a strong overall market sentiment [17]