证券代码：300364 证券简称：中文在线 公告编号：2024-051 中文在线集团股份有限公司 关于变更回购公司股份方案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 中文在线集团股份有限公司（以下简称"公司"）于 2024 年 12 月 9 日召开 第五届董事会第十一次会议，审议通过了《关于变更回购公司股份方案的议案》， 同意公司将本次回购方案的回购价格上限由"不超过人民币 26 元/股（含本数）" 调整为"不超过人民币 44.78 元/股（含本数）"。除上述回购价格上限变更外， 公司本次回购股份方案的其他内容不变。具体内容公告如下： 一、回购股份事项概述 公司于 2024 年 7 月 26 日召开第五届董事会第八次会议，审议通过了《关 于回购公司股份方案的议案》，并于 2024 年 8 月 12 日召开 2024 年第一次临时 股东大会审议通过该议案。公司拟使用自有资金或自筹资金人民币 2,000 万元- 3,000 万元以集中竞价交易或其他法律法规允许的方式回购部分公司 A 股股份， 用于减少公司注册资本。本次回购价格不超过人民币 26 元/股 ...

中文在线集团股份有限公司 章 程 第一章 总则 第一条 为维护中文在线集团股份有限公司（以下简称"公司"）、股东和债权人 的合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》（以下简 称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）和其他有 关规定，制订本章程。 第二条 公司系依照《公司法》、《中华人民共和国市场主体登记管理条例》和其 他有关规定成立的股份有限公司。 公司以整体变更发起设立方式设立,在北京市工商行政理局注册登记，取得企业 法人营业执照，注册号为：110108001876442。 第三条 公司于 2015 年 1 月 4 日经中国证券监督管理委员会（以下简称"中国 证监会"）证监许可[2015]23 号文批准，首次向社会公众发行人民币普通股 3,000 万股，于 2015 年 1 月 21 日在深圳证券交易所（以下简称"交易所"）创 业板上市。 如公司股票被终止上市，公司股票应进入全国中小企业股份转让系统继续交易。 除法律、法规、部门规章和国家政策另有规定外，不得对本款规定进行修改。 第四条 公司注册名称：中文在线集团股份有限公司。 公司英文名称：COL Grou ...

证券代码：300364 证券简称：中文在线 公告编号：2024-050 中文在线集团股份有限公司 第五届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中文在线集团股份有限公司（以下简称"公司"）第五届董事会第十一次会 议于 2024 年 12 月 9 日在北京市东城区安定门东大街 28 号雍和大厦 E 座 6 层 608 号公司会议室召开，会议通知于 2024 年 12 月 4 日以电子邮件的形式发出。 会议应参加董事 7 人，实际参加董事 7 人，全体监事和高级管理人员列席会议。 会议的召集和召开符合《公司法》和《公司章程》等有关规定，会议合法、有 效。会议由董事长童之磊先生主持，与会董事以通讯方式投票表决，一致形成 了如下决议。 二、董事会会议审议情况 （一）审议通过了《关于变更回购公司股份方案的议案》 基于目前资本市场变化及公司股价变化，结合公司整体战略规划等因素综 合考量，为推进公司回购股份方案的顺利实施，公司决定将本次回购方案的回 购价格上限由"不超过人民币 26 元/股（含本数）"调整为"不超过 ...

证券代码：300364 证券简称：中文在线 公告编号：2024-049 中文在线集团股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 中文在线集团股份有限公司（以下简称"公司"）于 2024 年 7 月 26 日召开 第五届董事会第八次会议，审议通过了《关于回购公司股份方案的议案》，并于 2024 年 8 月 12 日召开 2024 年第一次临时股东大会审议通过该议案。公司拟使 用自有资金或自筹资金人民币 2,000 万元-3,000 万元以集中竞价交易或其他法 律法规允许的方式回购部分公司 A 股股份，用于减少公司注册资本。本次回购 价格不超过人民币 26 元/股（含），以回购股份价格上限人民币 26 元/股计算， 预计回购数量为 76.9231 万股-115.3846 万股，占公司当前总股本的 0.11%- 0.16%，具体回购股份的资金金额、回购股份数量、回购价格等将以回购期限届 满或者回购股份实施完毕时实际回购情况为准。本次回购股份的实施期限为自 股东大会审议通过本次回购股份方案之日起 12 个月内。具体内容详见 ...

[Table_Introduction] | --- | --- | |--------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Company Overview and Business Development - The company has been developing short drama content since 2021, with a comprehensive content editing, review, evaluation, and production capability [2] - The domestic short drama business is divided into three models: micro short dramas (1-3 minutes), exclusive short dramas on platforms, and platform short dramas (under 10 minutes) [3] - The company has launched over 450 short drama works, with a diverse range of genres and themes [3] Group 2: International Expansion - The company has established a matrix development for overseas short dramas, with products launched in over 100 countries and regions [4] - The launch of UniReel in November 2024 marks the company's further expansion into the Japanese market [4] - The company has formed a specialized international short drama development and production team to enhance content quality [4] Group 3: IP Development and Merchandise - The company has launched the brand "Dimensional Exploration" focused on developing IP derivatives, particularly in the two-dimensional culture sector [4] - The company owns various IPs, including "Little Black" and exclusive licenses for popular franchises like "Transformers" and "One Piece" [4] - The sales volume of "Little Black" merchandise ranks high in the domestic IP merchandise sector [5] Group 4: AI Integration in Content Creation - The company has successfully produced nearly 100 AI-generated comics and dynamic animations in 2024, with total views exceeding 3 billion [5] - Collaborations with Lezhin Entertainment aim to leverage AI technology for high-quality animated short dramas [5] - The company is committed to using AI as a strategic tool to enhance content creation efficiency and quality [5]

Investment Rating - The report maintains an "Accumulate" rating for the company [4]. Core Views - The company reported a revenue of 808 million yuan for the first three quarters of 2024, a year-on-year decrease of 20.76%, with a net loss attributable to shareholders of 188 million yuan [4]. - The decline in revenue is attributed to the exclusion of CMS from the consolidated financial statements, which led to a reduction in cultural income [4]. - The short drama business continues to grow, with significant revenue increases in overseas markets, particularly in Japan [4]. - The company is actively developing its IP derivatives and has launched an AI writing platform that enhances content creation capabilities [4]. - Profit forecasts have been adjusted, with expected net profits for 2024-2026 being 0.08, 0.99, and 1.52 billion yuan, respectively, indicating a strong outlook for overseas short drama and AI business development [4]. Financial Summary - For 2024, the company expects a revenue of 1,247 million yuan, a year-on-year decrease of 11.5%, with a projected net profit of 8 million yuan, reflecting a significant decline of 91.3% [5]. - The gross margin is expected to improve gradually from 45.3% in 2024 to 48.6% in 2026 [5]. - The return on equity (ROE) is projected to recover from 0.6% in 2024 to 10.1% in 2026 [5]. - The price-to-earnings (PE) ratio is forecasted to be extremely high in 2024 at 2,678.1 times, decreasing to 136.6 times by 2026 [5].

证券代码：300364 证券简称：中文在线 公告编号：2024-048 中文在线集团股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 （1）自可能对公司股票交易价格产生重大影响的重大事项发生之日或者在 决策过程中，至依法披露之日内； （2）中国证监会和深圳证券交易所规定的其他情形。 2、公司以集中竞价交易方式回购公司股份符合下列要求： 中文在线集团股份有限公司（以下简称"公司"）于 2024 年 7 月 26 日召开 第五届董事会第八次会议，审议通过了《关于回购公司股份方案的议案》，并于 2024 年 8 月 12 日召开 2024 年第一次临时股东大会审议通过该议案。公司拟使 用自有资金或自筹资金人民币 2,000 万元-3,000 万元以集中竞价交易或其他法 律法规允许的方式回购部分公司 A 股股份，用于减少公司注册资本。本次回购 价格不超过人民币 26 元/股（含），以回购股份价格上限人民币 26 元/股计算， 预计回购数量为 76.9231 万股-115.3846 万股，占公司当前总股本的 0.11%- 0.16 ...

证券研究报告·公司点评报告·出版 中文在线（300364） 2024 年三季度财报点评：海外短剧流水快速 增长，将上线日本短剧平台 2024 年 10 月 29 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|----------|--------|----------|----------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 1180 | 1409 | 1254 | 1489 | 1702 | | 同比（ % ） | (0.78) | 19.44 | (10.97) | 18.71 | 14.31 | | 归母净利润（百万元） | (361.97) | 89.44 | 8.94 | 102.66 | 155.63 | | 同比（ % ） | (466.40) | 124.71 | (90.01) | 1,048.57 | 51.60 | | EPS- 最新摊薄 ...

Financial Performance - The company's revenue for Q3 2024 was ¥345,839,391.69, a decrease of 6.19% compared to the same period last year[1]. - The net profit attributable to shareholders was -¥38,029,039.01, representing a decline of 196.29% year-over-year[1]. - The net profit excluding non-recurring items was -¥64,152,662.96, a significant drop of 19,066.75% compared to the previous year[1]. - The total net profit for the period was -186,793,277.88, reflecting a decrease of 7,197.65% due to increased operational losses[7]. - The company reported a net profit loss of ¥186,793,277.88, compared to a net profit of ¥2,631,763.66 in the previous period, indicating a significant decline in profitability[13]. - Operating profit was recorded at -¥185,027,744.24, a decrease from -¥35,839,474.95 in the prior period, reflecting ongoing operational challenges[13]. - Total revenue from operating activities decreased to ¥933,564,091.31, down from ¥1,178,685,529.45 year-over-year, showing a decline of approximately 20.8%[14]. - The company's basic earnings per share were reported at -¥0.2577, a decline from ¥0.0033 in the previous period, indicating a challenging financial environment[13]. Assets and Liabilities - Total assets decreased by 6.91% to ¥1,709,119,149.88 from the end of the previous year[1]. - Shareholders' equity decreased by 16.42% to ¥1,040,603,627.89 compared to the end of the previous year[1]. - Current assets totaled ¥761,415,852.88, slightly up from ¥748,619,419.50, indicating a growth of approximately 1.1%[10]. - Non-current assets decreased to ¥947,703,297.00 from ¥1,087,302,241.90, reflecting a decline of about 12.9%[10]. - Total liabilities increased to ¥646,988,145.23 from ¥570,034,055.60, marking an increase of approximately 13.5%[11]. - The company's total equity decreased to ¥1,062,131,004.65 from ¥1,265,887,605.80, a decline of about 16.1%[11]. Cash Flow - The company reported a net cash flow from operating activities of -¥54,739,472.51, an increase of 17.53% year-to-date[1]. - The net cash flow from investment activities was -201,923,544.31, a decrease of 68.07% primarily due to reduced recoveries from financial product investments[7]. - The net cash flow from financing activities increased to 42,203,119.68, up 129.08% due to an increase in net bank borrowings[7]. - The company experienced a net cash outflow from operating activities of -¥54,739,472.51, an improvement from -¥66,375,896.96 in the previous period[14]. - Cash and cash equivalents at the end of the period stood at ¥114,093,234.25, down from ¥161,709,295.28 at the end of the previous period[15]. Expenses and Investments - Research and development expenses for the first nine months of 2024 were ¥37,621,668.59, down 44.38% from the same period in 2023[5]. - Research and development expenses increased to ¥67,642,471.79, up from ¥37,621,668.59, indicating a focus on innovation despite financial losses[13]. - The company reported a significant decrease in investment income, with a loss of ¥72,320,058.74 compared to a gain of ¥3,548,584.44 in the previous period[13]. - The company’s financial expenses rose to ¥7,690,987.18, compared to ¥4,276,033.94 in the prior period, reflecting increased borrowing costs[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 120,762[8]. - The largest shareholder, Tong Zhilei, holds 11.95% of shares, amounting to 87,201,416 shares, with 11,630,000 shares pledged[8]. Strategic Outlook - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[13].