CSSW传媒

Visual China's Q1 Net Profit Soars 1,240%, Primarily Due to MiniMax Stock Price Fluctuations

GZCBN released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 243.98 M, actual EPS CNY -0.21

Ciwen released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 2.475 M, actual EPS CNY -0.0277

Xinhua Media released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 175.11 M, actual EPS CNY 0.001

Time Publishing And Media Co., Ltd. released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 1.199 B, actual EPS CNY 0.0746

CHINESE MEDIA released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 1.407 B (forecast CNY 1.727 B), actual EPS CNY 0.08 (forecast CNY 0.2423)

IReader Technology released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 794.49 M, actual EPS CNY -0.08

E-Soul released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue CNY 90.26 M, actual EPS CNY -0.09

GUANGDONG MEDIA released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 133.66 M, actual EPS CNY 0.0151

JSCN released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 1.735 B, actual EPS CNY 0.0127

YLYT released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue CNY 600.26 M, actual EPS CNY -0.01

H&R released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 80.18 M, actual EPS CNY -0.0411

Phoenix Media released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 2.884 B (forecast CNY 2.9 B), actual EPS CNY 0.1662

TOPWAY released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 232.44 M, actual EPS CNY -0.0268

CFG released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 851.95 M (forecast CNY 550 M), actual EPS CNY -0.061

Shandong Publishing & Media released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 2.508 B (forecast CNY 2.5 B), actual EPS CNY 0.16

HUAMEI HOLDING released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 211.67 M, actual EPS CNY -0.0268

PEOPLE.CN released FY2026 Q1 earnings on April 29 After-Market BJT, actual revenue CNY 297.78 M, actual EPS CNY -0.0301

H&R released FY2025 Q4 earnings on April 29 After-Market (BJT), actual revenue CNY 184.18 M, actual EPS CNY -0.2236

YAOJI TECHNOLOGY released FY2025 Q4 earnings on April 29 After-Market (BJT), actual revenue CNY 580.49 M, actual EPS CNY 0.1791

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Douyin has launched the "Future Director Support Program," which will provide support for variety show, short film, and documentary creators in terms of traffic support, commercial monetization, and industry resource collaboration. After entering the second phase of the project, a dedicated traffic pool with a scale of 10 billion will be established, and a "commitment-based business order" mechanism will be introduced to enhance the certainty of creators' income. Different tracks will have differentiated support strategies, including co-creating variety content with iQIYI, film festival screening resources for the short film track, and professional production co-creation opportunities for the documentary track

AASTOCKS

ChinaAMC CSI Cultural Entertainment Media ETF

GF Fund CSI Media ETF

AXA SPDB CSI Hugangshen Game and Culture Media ETF

Guotai CSI Movies Theme ETF

iQIYI

Wedbush ETFMG Video Game Tech ETF

Guotai CSI Animation Game ETF

Comm Servcies Select Sector SPDR

Yinhua CSI Movies Theme ETF

Penghua CSI Media ETF

VanEck Video Gaming and eSport ETF

VGtelecomm

Global X Video Games & Esports ETF

eGOVA

ChinaAMC CSI Animation Game ETF

Douyin releases the "Future Director Support Plan" to build a dedicated traffic pool of 10 billion

On March 23, Douyin announced the implementation of the "Douyin Cyber Violence Governance Specification (2026 Edition)," upgrading the current cyber violence governance rules. The new regulations widely adopted expert opinions from fields such as law, sociology, and psychology during the formulation process, clearly defining the core elements for determining cyber violence for the first time, publicizing four major governance principles, and specifying the circumstances under which strict governance of cyber violence will be applied

Wallstreetcn

Douyin releases new regulations for online violence governance in 2026

According to a research report by Zhejiang Securities, by 2025, the playback volume of Douyin comic dramas will exceed 70 billion, with the market size surpassing 20 billion yuan. With AI empowerment, the production process will be shortened by one-third, efficiency will increase by 80%, and costs will be reduced by more than 70%. At the same time, the window for AI comic dramas to go overseas has opened, short dramas have validated payment, and the supply of comic dramas remains scarce. As major players rush to enter the market, AI comic dramas are transitioning from short drama edge experiments to a new round of phenomenal opportunities, moving from paid to free and from single revenue sharing to full IP monetization

- AI is industrializing content production, with AI comic dramas emerging as a significant segment expected to yield substantial commercial opportunities.  
- Reports indicate that platforms like Douyin will launch over 60,000 comic dramas by 2025, generating views exceeding 70 billion and a market size surpassing 20 billion yuan.  
- The commercialization of comic dramas is evolving towards multi-layer monetization driven by IP, while global market statistics show a significant surge in overseas short drama downloads, highlighting a growing demand for new content avenues.

Tencent Holdings Limited

TENCENT

BIDU-SW

Baidu

AI reconstructing the content industry + overseas monetization verification, will comic dramas be the strongest trend in 2026?

01024

Goldman Sachs believes that the AI video generation field is not a "winner-takes-all" scenario, and both KUAISHOU-W and ByteDance's Dream will benefit from market expansion. It is expected that the global AI video generation market will grow from USD 3 billion in 2025 to USD 29 billion in 2030, a tenfold increase. AI technology will reshape the value chain of the entertainment industry, shifting towards upstream IP design and distribution platforms, which will gain higher added value

- Goldman Sachs highlights that the AI video generation market is not a zero-sum game, with multiple players like Kuaishou and ByteDance's Dream benefiting from market expansion.  
- Following the launch of Dream 2.0 on February 12, the competition between platforms is intensifying, with Kuaishou's 3.0 model having advanced capabilities and maintaining competitiveness in certain aspects despite a late release.  
- The global AI video generation market is projected to grow tenfold by 2030, reaching about $29 billion, leading to increased opportunities for leading models amid a diversified market landscape.

KUAISHOU-W

"KUAISHOU-W vs ByteDance" Who is stronger? Goldman Sachs: There is no "winner takes all," but AI will significantly change the value distribution in the entertainment industry

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On February 7th, ByteDance's AI video generation model Seedance 2.0 began its grayscale testing, quickly attracting global attention, and the capital market responded accordingly. The media sector experienced a surge on February 10th, with Seedance 2.0 concept stocks such as IReader Technology and H&R performing strongly. Institutions are optimistic about its technological breakthroughs, believing it will drive the development of the AI industry chain, but they also remind investors to be cautious of short-term investment overheating and overly high expectations

36Kr

IReader Technology

Seedance 2.0 "takes off" the media theme fund, institutions are optimistic about technological breakthroughs but need to be wary of localized overheating

Huatai Securities pointed out that ByteDance launched Seedance 2.0 on February 7, marking a significant breakthrough in the AI video creation process. This technology is expected to promote the development of domestic AI comic dramas, short dramas, and films, facilitating changes in the value distribution structure of the content industry chain. Huatai Securities is optimistic about the digital asset revaluation of upstream IP parties, companies in the midstream that can efficiently integrate AI tools, and leading video large model manufacturers

Huatai Securities: Byte's Seedance 2.0 breaks out, AI video welcomes industrialization singularity

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The industry reshuffle has already begun

Enlight Media

Ruyi Film

Seedance 2.0 Shockwave: A Cost Collapse from E-commerce, Gaming to Film and Television

Short dramas reaching over 100 million views? Hongguo's "key leap" in the Byte content matrix

TikTok finalizes deal to form new American version of the app

Barchart Option

TikTok finalizes deal to form new American version of the app

CSSW传媒(399810.SZ)

Douyin releases the "Future Director Support Plan" to build a dedicated traffic pool of 10 billion

Douyin releases new regulations for online violence governance in 2026

AI reconstructing the content industry + overseas monetization verification, will comic dramas be the strongest trend in 2026?

"KUAISHOU-W vs ByteDance" Who is stronger? Goldman Sachs: There is no "winner takes all," but AI will significantly change the value distribution in the entertainment industry

Seedance 2.0 "takes off" the media theme fund, institutions are optimistic about technological breakthroughs but need to be wary of localized overheating

Huatai Securities: Byte's Seedance 2.0 breaks out, AI video welcomes industrialization singularity

Seedance 2.0 Shockwave: A Cost Collapse from E-commerce, Gaming to Film and Television

Short dramas reaching over 100 million views? Hongguo's "key leap" in the Byte content matrix

TikTok finalizes deal to form new American version of the app