证券代码：300027 证券简称：华谊兄弟 华谊兄弟传媒股份有限公司 投资者关系活动记录表 编号：2025-001 | | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | 投资者关系活动类别 | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | 参与单位名称及人员 | 线上参与公司2024年年度报告网上说明会的投资者 | | 姓名 | | | 时间 | 2025年5月13日 15:30-17:30 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | 上市公司接待人员姓名 | 副董事长、总经理王忠磊先生 | | | 财务负责人王添嫄女士 | | | 董事、副总经理、董事会秘书高辉先生 | | | 独立董事高海江先生 1.作为一个老股民，老股东我没有记错的话，公司从 | | | 2018年开始到现在，已经亏损有七八年了，我想问一下现 | | | 在的王总当下计划怎么突围，怎么持续改善盈利水平？ | | 投资者关系活动主要 | 行业一直都有机会！！！年年都有爆款 ...

《多模态 AI 突破不止，政策暖风持续 助力 IP、体验消费—行业周报》 -2025.4.13 2025 年 04 月 27 日 投资评级：看好（维持） 行业走势图 -14% 0% 14% 29% 传媒 沪深300 2024-04 2024-08 2024-12 数据来源：聚源 相关研究报告 《MCP 及政策助力 AI 发展，继续关 注高景气 IP 赛道—行业点评报告》 -2025.4.21 行 业 研 究 | 方光照（分析师） | 田鹏（分析师） | 肖江洁（联系人） | | --- | --- | --- | | fangguangzhao@kysec.cn | tianpeng@kysec.cn | xiaojiangjie@kysec.cn | | 证书编号：S0790520030004 | 证书编号：S0790523090001 | 证书编号：S0790124070035 | 风险提示：出海社交产品收入、AI 应用商业化进展、游戏流水等低于预期。 开 源 证 券 证 券 研 究 请务必参阅正文后面的信息披露和法律声明 1/19 社交、游戏出海中东北非等地延续高景气，关注拥有卡位、运营优势的公司 根据 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - The report emphasizes the continued high growth in social and gaming sectors, particularly in the MENA region, and suggests focusing on companies with operational advantages and market positioning [4] - The report highlights the advancements in domestic video models and the ongoing expansion of AI applications, recommending continued investment in AI-related sectors [5] Summary by Sections Industry Data Overview - "Peace Elite" ranks first in the iOS free chart in mainland China, while "Honor of Kings" holds the top position in the iOS revenue chart [12][16] - The film "Sunshine Flower" achieved the highest box office for the week, grossing 0.39 billion CNY [26] Industry News Overview - Coze, an AI tool, entered the domestic top ten rankings, while Photoroom improved its position in the overseas rankings [33] - The report notes the approval of 118 games by the National Press and Publication Administration in April [33] Company Performance Highlights - ZhiZi City Technology reported a total revenue of 5.09 billion CNY for 2024, a year-on-year increase of 53.9%, with social business revenue reaching 4.63 billion CNY, up 58.1% [4] - Yalla Technology reported a revenue of 339.7 million USD for 2024, with a net profit of 134.2 million USD, reflecting an 18.7% year-on-year increase [4] Recommendations - The report recommends focusing on companies with strong market positioning and local operational capabilities, highlighting Tencent Holdings and ShengTian Network as key recommendations, with beneficiaries including ZhiZi City Technology and Yalla Technology [4][5]

Core Viewpoint - The Qingming Festival film market continues to show strong performance, with a diverse range of films appealing to various audience preferences [1][2]. Group 1: Box Office Performance - As of April 6, 2025, the box office for the Qingming Festival period (April 4-6) has surpassed 300 million yuan [2]. - "My World Movie" leads the box office with over 91 million yuan, followed by "Sunshine Flower" and "The Silent Love," each exceeding 60 million yuan [2]. - The film "Nezha: The Devil Child Is Coming" remains popular, generating over 2 million yuan daily even after more than two months of release, with a total box office exceeding 15.1 billion yuan [4]. Group 2: Film Variety and Themes - This year's Qingming Festival features 16 films, showcasing a variety of genres including realism, youth themes, suspense, comedy, and animation [2]. - Notable films include "The Silent Love," focusing on the challenges faced by hearing-impaired individuals, and "Sunshine Flower," directed by Feng Xiaogang, which tells the story of reintegration into society after imprisonment [3]. - The increasing presence of realism and youth-themed films reflects the growing diversity in audience viewing preferences [3]. Group 3: Re-releases and Upcoming Films - Re-releases of high-grossing films have become a common strategy in smaller film periods, with films like "Hot" and "Break: Hell - Gratitude Special Edition" included in the Qingming Festival lineup [4]. - Several films have already been scheduled for the upcoming May Day holiday, including titles like "Dumpling Queen" and "Adventure Bear" [4].