在二手交易领域，低价影视会员的交易热度持续攀升。每一条低价会员链接的背后，都暗藏着卖家对优质货源渠道的激烈角逐。对于新入局的卖家而言，一 个亟待解决的关键问题摆在眼前：怎样才能找到价格低、供应稳且来源正规的影视会员货源呢？ 选择拿货渠道的三条黄金准则 面对如此多样化的货源渠道，卖家需要谨慎选择： 1. 发卡网代理：作为第三方平台，发卡网在客户与会员供货商之间搭建起桥梁。它整合了各类权益商品，其中就包括视频会员，价格相对实惠。小型电 商通过与发卡网合作，能够以较低成本获取视频会员资源。 2. 联合会员拆分：各大电商平台经常与视频平台联合推出会员套餐，例如京东PLUS与腾讯视频的联合套餐。这些套餐中的视频会员权益可以单独拆分出 来。卖家购买联合会员后，将视频会员权益分离出来单独售卖，从而形成低价货源。 3. 积分活动变现：信用卡等金融机构常与视频平台合作开展积分兑换活动。许多用户将积分兑换成视频会员后，会在闲鱼等平台加价转卖，这便形成了 一条独特的货源渠道。 4. 官方直采渠道：官方渠道提供的价格是全网最低的，但准入门槛极高。要求代理商每月出货量达到数千份，注册资金不低于1000万，并且需要具备三 年以上运营合作 ...

证券代码：600136 证券简称：ST 明诚 公告编号：临 2025-038 号 武汉明诚文化体育集团股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要提示： ? 武汉明诚文化体育集团股份有限公司（以下简称"公司"）本次业绩预告 适用如下情形：净利润实现扭亏为盈。 ? 2025 年半年度，公司预计实现归属于上市公司股东的净利润为 90.00 万 元至 135.00 万元；归属于上市公司股东的扣除非经常性损益后的净利润为 -350.00 万元至-175.00 万元。 一、本期业绩预告情况 （一）业绩预告期间 （二）业绩预告情况 净利润为 90.00 万元至 135.00 万元，与上年同期相比，将实现扭亏为盈。 利润为-350.00 万元至-175.00 万元。 万元至 30,000.00 万元，同比增长 398.61%至 647.92%。其中影视传媒板块，公 司影视剧业务累计上线作品 5 部、新增签约项目 2 个，演艺传媒业务新增合作剧 目 9 部；智慧空间板块，空间装饰业务中标项目 13 个，空间服务业务中标项 ...

捷成股份 20250710 摘要 捷成股份二季度业绩受益于春节档影片上线，但《哪吒》延期上映或将 提升三季度业绩，上半年整体业绩稳中有升，下半年暑期档排片良好， 预计对全年业绩有较好支撑，公司已锁定大部分暑期档影片的互联网版 权。 公司调整 AI 技术应用策略，从 ToC 端转向 ToB 端，重点拓展影视内容 二创、vlog 及新闻剪辑等，并积极与广电客户合作，提供内容生产工具， 目标是实现 AI 技术营收并盈利，重点突破方向为 ToB 端应用。 捷成股份短视频业务的核心优势在于海量版权，可提炼精彩片段形成系 列短剧，对外销售或联合运营广告及会员收费，同时利用 AI 技术进行内 容缩编和精编，提高生产效率和市场竞争力。 短剧兴起为影视内容生产和变现带来新机遇，公司加大技术研发和内容 生产投入，利用 AI 技术高效生产海量短剧，实现持续变现，并通过 AI 技术批量生产多轮次、多渠道、多模态的影视内容，实现存量内容的多 元化变现。 今年上半年捷成股份整体的经营情况与去年相比变化不大。一季度由于春节档 有哪吒三部影片支撑，票房表现非常不错。公司拿下了春节档票房过亿的所有 院线电影版权，并陆续在互联网发行。然而，一季 ...

Market Overview - The Shanghai Composite Index fell by 0.13% to close at 3493.05 points, with a daily high of 3512.67 points [1] - The Shenzhen Component Index decreased by 0.06% to 10581.8 points, reaching a high of 10656.58 points [1] - The ChiNext Index rose by 0.16% to close at 2184.67 points, with a peak of 2204.64 points [1] ETF Market Performance - The median return of stock ETFs was -0.14% [2] - The highest performing scale index ETF was Huatai-PB CSI A100 ETF with a return of 0.71% [2] - The top industry index ETF was E Fund CSI 300 Healthcare ETF, yielding 1.36% [2] - The best strategy index ETF was Southern S&P China A-share Large Cap Dividend Low Volatility 50 ETF, returning 0.67% [2] - The leading thematic index ETF was China Tai CSI Hong Kong-Shanghai Innovation Drug Industry ETF, achieving a return of 1.98% [2] ETF Performance Rankings - The top three ETFs by return were: - Guotai CSI Hong Kong-Shanghai Innovation Drug Industry ETF (1.98%) - Guotai CSI Film and Television Theme ETF (1.51%) - Huatai-PB CSI Hong Kong-Shanghai Innovation Drug Industry ETF (1.45%) [5] - The three ETFs with the largest declines were: - Huaan CSI Hong Kong-Shanghai Gold Industry Stock ETF (-2.25%) - Yongying CSI Hong Kong-Shanghai Gold Industry Stock ETF (-2.15%) - Huaxia CSI Fine Nonferrous Metal Industry Theme ETF (-2.13%) [6] ETF Fund Flows - The top three ETFs by inflow were: - Huaxia SSE STAR 50 ETF (inflow of 594 million) - Jiashi SSE STAR Chip ETF (inflow of 453 million) - Guolianan CSI All-Index Semiconductor Products and Equipment ETF (inflow of 346 million) [8] - The three ETFs with the largest outflows were: - E Fund ChiNext ETF (outflow of 547 million) - Huatai-PB CSI A500 ETF (outflow of 440 million) - E Fund SSE 300 ETF Initiated (outflow of 296 million) [9] ETF Margin Trading Overview - The top three ETFs by margin buying were: - Huaxia SSE STAR 50 ETF (5.91 billion) - Guolianan CSI All-Index Semiconductor Products and Equipment ETF (2.31 billion) - Guotai CSI All-Index Securities Company ETF (2.1 billion) [11] - The highest margin selling amounts were: - Huatai-PB SSE 300 ETF (22.42 million) - GF CSI 1000 ETF (14.59 million) - Southern CSI 500 ETF (7.91 million) [12] Industry Insights - Industrial trends in the innovative pharmaceutical sector remain strong, with a focus on "innovation + internationalization" as a core direction supported by policies and enhanced global competitiveness [13] - The innovative pharmaceutical supply chain is showing signs of improvement, with overseas orders and performance recovering, and domestic business demonstrating self-controllable logic [13] - The demand in the domestic market is expected to recover by 2025, with potential growth in the consumption medical field [13] - The medical device sector is also anticipated to see improvements by 2025 [13] - The innovative pharmaceutical industry is projected to reach a turning point in 2025 [14]

数据显示，截至7月8日，今年以来共有超过700只基金增聘了基金经理。值得关注的是，三人共管甚至四人共管的基金数量也在不断增加。 3、两家公募首次发行QDII产品 在新一批QDII投资额度发放之际，有两家公募相继迎来旗下首只QDII产品的发行。据了解，两只新品均聚焦港股市场，分别锚定消费、科技两大热门赛 道。 二、知名基金经理最新动态 1、尹涛：市场风险偏好正在抬升 天赐良基日报第683期 一、今日基金新闻速览 1、益民基金王睿新任首席信息官 7月9日，益民基金发布公告，王睿于7月8日新任首席信息官。履历显示，王睿2025年3月加入益民基金，担任运作保障部信息技术总监。 2、年内超700只基金增聘基金经理 1、ETF行情复盘 市场全天冲高回落，截至收盘，沪指跌0.13%，深成指跌0.06%，创业板指涨0.16%。沪深两市全天成交额1.51万亿元，较上个交易日放量512亿元。板块方 面，多元金融、文化传媒、医疗服务等板块涨幅居前，而保险、贵金属、船舶制造等板块回调居前。 具体来看，标普油气ETF领涨3.44%，多只创新药相关ETF也有所表现。 | 代码 | 名称 | 相关链接 | 最新价 | 涨跌额 | 涨跌幅 ...

Group 1 - The film industry is experiencing a strong recovery, with box office revenue surpassing 30 billion yuan by July 8, 2023, achieving this milestone 28 days earlier than last year and showing a year-on-year growth of over 20% [1] - The summer film season is crucial for box office performance, with over 60 domestic and foreign films scheduled for release, leading to strong market expectations for future revenue growth [1] - Recent government policies support innovation in film supply and encourage immersive experiences, providing a favorable environment for the film and cultural tourism sectors [1] Group 2 - The film ETF (516620) has increased by over 40% in the past year, covering more than 80% of the market capitalization of leading companies in the A-share film industry, while also considering growth-oriented small and medium-sized enterprises [2] - The index has undergone adjustments and is currently at a historical low valuation, with expectations of a rebound driven by improved industry fundamentals and the positive impact of AI technology [2] - Investors are encouraged to consider the film ETF for a streamlined investment approach in the recovering film industry [2]

Group 1 - The S&P Oil and Gas ETF (159518) led the gains with an increase of 3.22% [1] - The S&P Oil and Gas ETF (513350) also showed a significant rise of 2.97% [1] - The Film and Television ETF (516620) experienced a gain of 1.51% [1] Group 2 - The Gold Stocks ETF (517520) was the biggest loser, declining by 1.82% [1] - The Gold Stocks ETF (159321) fell by 1.65% [1] - The Gold Stocks ETF (159562) decreased by 1.6% [1]

今年5月22日深圳文博会上，广东发布了6大文化产业政策包。7月8日，广东影视产业政策推进落实座谈会（电影 类）在广州举行。广东省委宣传部介绍了广东电影整体发展情况，省广电局和广州、深圳市委宣传部负责同志分 别介绍了广东影视政策、动漫影视政策推进落实情况，30余家头部电影企业负责人参会交流。 联手创作电影精品。广东建立起创作选题机制、重点项目推进机制，为优质项目在粤落地提供全方位服务和全链 条资源支持，整合资金、人才、技术、政策等资源，着力解决企业在文学作品影视转化、审批时效、投融资等关 键环节的实际困难，希望与电影企业合作创作更多电影精品。 合作培养影视人才。广东支持头部电影企业和高端影视人才以公司落地、项目合作等方式参与广东电影创作，在 大湾区扎根发展；广东将与电影企业合作共建高层次的影视职业院校；广东欢迎青年电影人将第一部电影放在广 东创作，愿为有潜力的年青创作者提供更多机会和试错空间。 共建影视科技高地。广东正在打造环珠江口影视产业带，支持影视前沿科技应用。广东诚邀企业将优质项目、创 新理念和核心技术带到广东、留在广东，将合作项目从影视内容创作，延伸到产业园区共建、先进技术研发应 用、全产业链构建等更广 ...

Core Insights - The report highlights investment opportunities in the media sector for the second half of 2025, focusing on AI applications, IP commercialization, cultural exports, and dividend-yielding assets [5][6]. AI Applications - The report emphasizes the continuous iteration of AI technology, particularly in education, film, and gaming, predicting strong commercial prospects in these areas due to enhanced input-output capabilities of large models [8]. - Companies leading in AI applications include DouShen Education, Rongxin Culture, and others, which are expected to benefit from the growing demand for AI-enhanced educational tools and content creation [5][6]. IP Commercialization - The IP industry is identified as a high-growth sector with significant potential for commercialization, particularly in empowering both the digital and real economies [9][10]. - The report notes that the retail sales of licensed products in China are projected to reach 1550.9 billion yuan by 2024, indicating a strong market for IP-related products [15][46]. Cultural Exports - The report points out that China's overseas market infrastructure is well-established, with platforms like TikTok and AliExpress facilitating cultural exports, particularly in short films and IP-based products [19][16]. - The growth of cultural exports is supported by the increasing number of overseas stores and the efficiency of logistics services, which are expected to enhance the pace of cultural content going abroad [19][16]. Dividend-Yielding Assets - In a low-interest-rate environment, the report suggests that assets with strong cash flow and high dividend yields, such as publishing and media companies, are becoming increasingly attractive for investors [20][21]. - Companies like Xinhua Wenhui and others are highlighted as having significant dividend advantages, making them appealing investment opportunities [6][20]. Gaming Industry - The gaming sector is projected to grow significantly, with a total market size of 141.1 billion yuan in early 2025, driven by mobile gaming [70][71]. - Government policies are increasingly supportive of the gaming industry, with initiatives aimed at promoting innovation and easing regulatory processes [71][72]. Short Video Market - The short video market is expected to reach a scale of 504.4 billion yuan by 2024, with a significant user base projected to exceed 6.62 billion [86][87]. - The report indicates that the growth of short video applications is being driven by both domestic and international demand, with notable increases in user engagement and revenue [89][90].

Group 1 - The integration of technology and film is recognized as a significant area for cultural dissemination and economic growth, with recent policies in Chongqing and Beijing aimed at fostering high-quality development in the tech film industry [1][2] - Chongqing's new policies focus on nurturing film market entities, encouraging production, supporting talent development, and ensuring seamless policy integration [1] - Beijing's action plan anticipates breakthroughs in innovative technologies and aims to upgrade cultural infrastructure by 2027, promoting over 100 new technology applications [1] Group 2 - Under supportive policies, there is a growing market interest in "technology + film" and "artificial intelligence + film," with companies actively disclosing advancements in related businesses [2] - Shanghai Film Co. and the Songjiang District government launched the "Shanghai Tech Film AI Creation Ecological Center," showcasing lightweight virtual production solutions [2] - Bona Film Group is focusing on the application of virtual reality in film production, aiming to enhance viewer experience through immersive content [2] Group 3 - Companies are advised to establish a collaborative mechanism between technology and artistic creation, utilizing modular technology tools for filmmakers [3] - Collaboration with universities and research institutions is encouraged to develop key technologies like real-time rendering and intelligent editing, with a focus on standardizing these innovations in film production [3] - Emphasis is placed on balancing technology ethics and artistic expression, particularly in the use of AI technologies, to maintain the authenticity of artistic works [3]