2026 年 01 月 29 日 资料来源：Wind，华鑫证券研究 AI+体验经济 看 2026 年新启航 买入(维持) 事件 首席分析师：朱 S1050521110001 珠 zhuzhu@cfsc.com.cn | 基本数据 | 2026-01-28 | | --- | --- | | 当前股价（元） | 9.16 | | 总市值（亿元） | 54 | | 总股本（百万股） | 595 | | 流通股本（百万股） | 595 | | 52 周价格范围（元） | 8.14-12.1 | | 日均成交额（百万元） | 226.65 | 市场表现 -20 -10 0 10 20 30 40 (%) 风语筑 沪深300 相关研究 1、《风语筑（603466）：主业向好 以体验经济为支点撬动业务新增量 可期》2025-04-17 2、《风语筑（603466）：业绩预告 落地 2025 年体验经济新需求与新供 给有望助力主业修复》2025-01-18 3、《风语筑（603466）：主业在手 订单充沛静待经营拐点》2024-04- 25 —风语筑（603466.SH）公司事件点评报告 风语筑发布公告：2025 年归母净 ...

2026 年 01 月 29 日 买入(维持) 事件 首席分析师：朱 S1050521110001 珠 zhuzhu@cfsc.com.cn | 基本数据 | 2026-01-28 | | --- | --- | | 当前股价（元） | 9.16 | | 总市值（亿元） | 54 | | 总股本（百万股） | 595 | | 流通股本（百万股） | 595 | | 52 周价格范围（元） | 8.14-12.1 | | 日均成交额（百万元） | 226.65 | 市场表现 -20 -10 0 10 20 30 40 (%) 风语筑 沪深300 资料来源：Wind，华鑫证券研究 相关研究 AI+体验经济 看 2026 年新启航 1、《风语筑（603466）：主业向好 以体验经济为支点撬动业务新增量 可期》2025-04-17 2、《风语筑（603466）：业绩预告 落地 2025 年体验经济新需求与新供 给有望助力主业修复》2025-01-18 3、《风语筑（603466）：主业在手 订单充沛静待经营拐点》2024-04- 25 —风语筑（603466.SH）公司事件点评报告 风语筑发布公告：2025 年归母净 ...

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 775 million yuan, a year-on-year growth of 33.97%, and net profit attributable to shareholders amounting to 16.95 million yuan, up 112.62% compared to the same period last year [1][2] Group 1: Business Performance - The company's strong performance is attributed to a notable increase in project delivery and effective cost control, showcasing a positive development trend [1] - Key projects completed include the "Jincheng City Exhibition Hall" and the "Chang'an Cloud Belt and Road City Display Experience Center," which have received high recognition from clients and provided digital display platforms for important activities [1] - In the digital new cultural tourism sector, the company is leveraging industry opportunities with innovative projects like the "Shouxian Twenty-Four Solar Terms Museum" and the "Suzhou Future Sci-Fi Museum," merging traditional culture with trendy sci-fi elements to create a new business model of "cultural experience + digital consumption" [1] Group 2: Technological Innovation and Financial Health - Continuous investment in R&D for technologies such as holographic imaging, naked-eye 3D, and CGI effects has been a core driver of the company's development, enhancing project quality and user experience [2] - The company is also exploring cutting-edge technologies like AI and embodied intelligence, aiming for deep integration with the cultural and creative industries [2] - Financially, the company emphasizes stability, achieving sales receipts of 845 million yuan, significantly higher than the previous year, and maintaining positive cash flow from operating activities, which supports healthy development [2] Group 3: Future Outlook - The company plans to adhere to the "culture + technology" development philosophy, aligning with national policy directions and market trends to strengthen its leading position in the digital culture sector [2] - With the ongoing advancement of digital China and the flourishing cultural industry, the company is expected to encounter broader development opportunities [2]