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<!DOCTYPE html>
<html lang="zh-CN" data-theme="night">
<head>
<meta charset="UTF-8">
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<title>深度行研 | 版权</title>
<script src="https://cdn.tailwindcss.com"></script>
<link href="https://cdn.jsdelivr.net/npm/daisyui@4.11.1/dist/full.min.css" rel="stylesheet" type="text/css" />
<script defer src="https://cdn.jsdelivr.net/npm/alpinejs@3.x.x/dist/cdn.min.js"></script>
<script src="https://cdn.jsdelivr.net/npm/echarts@5.5.0/dist/echarts.min.js"></script>
<style>
@import url('https://fonts.googleapis.com/css2?family=Inter:wght@300;400;500;600;700&display=swap');
body {
font-family: 'Inter', sans-serif;
background-color: #05050A;
color: #E0E0E0;
overflow-x: hidden;
}
.glass-card {
background: rgba(12, 16, 44, 0.3);
backdrop-filter: blur(20px);
-webkit-backdrop-filter: blur(20px);
border: 1px solid rgba(255, 255, 255, 0.1);
border-radius: 1.5rem;
box-shadow: 0 8px 32px 0 rgba(31, 38, 135, 0.1);
}
.glow-shadow {
box-shadow: 0 0 15px rgba(0, 255, 255, 0.2), 0 0 30px rgba(138, 43, 226, 0.15);
}
.title-glow {
text-shadow: 0 0 8px rgba(0, 191, 255, 0.8), 0 0 16px rgba(0, 191, 255, 0.5);
}
.bento-grid {
display: grid;
grid-template-columns: repeat(auto-fit, minmax(300px, 1fr));
gap: 1.5rem;
}
[x-cloak] { display: none !important; }
.table th {
background-color: rgba(75, 85, 99, 0.2);
color: #00E5FF;
}
.table tr:hover {
background-color: rgba(255, 255, 255, 0.05) !important;
}
</style>
</head>
<body class="min-h-screen">
<!-- Background Gradients -->
<div class="fixed top-0 left-0 w-full h-full -z-10 overflow-hidden">
<div class="absolute top-[-20%] left-[-20%] w-[60vw] h-[60vw] bg-purple-600/20 rounded-full filter blur-[150px] opacity-50 animate-pulse"></div>
<div class="absolute bottom-[-20%] right-[-20%] w-[50vw] h-[50vw] bg-cyan-400/20 rounded-full filter blur-[150px] opacity-60 animate-pulse [animation-delay:2s]"></div>
</div>
<div class="container mx-auto px-4 sm:px-6 lg:px-8 py-12">
<!-- Header -->
<header class="text-center mb-16">
<h1 class="text-5xl md:text-7xl font-bold bg-clip-text text-transparent bg-gradient-to-br from-cyan-300 via-purple-400 to-pink-400 mb-4 title-glow">
深度行研:版权
</h1>
<p class="text-sm text-gray-400">
北京价值前沿科技有限公司 AI投研agent“价小前投研” 进行投研呈现
</p>
<p class="text-xs text-gray-500 mt-1">
本报告为AI合成数据投资需谨慎。
</p>
</header>
<!-- Core Insight Section -->
<main class="space-y-8">
<section id="insight-core" class="glass-card glow-shadow p-6 md:p-8">
<h2 class="text-3xl font-bold mb-6 text-cyan-300">概念Insight: 价值重估范式转移</h2>
<div x-data="{ open: true }" class="mb-6 border-b border-white/10 pb-4">
<button @click="open = !open" class="w-full flex justify-between items-center text-left">
<h3 class="text-xl font-semibold text-purple-300">0. 概念事件:政策、技术与法律的三重催化</h3>
<svg :class="{'rotate-180': open}" class="w-6 h-6 transform transition-transform text-cyan-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
</button>
<div x-show="open" x-transition x-cloak class="mt-4 text-gray-300 space-y-3">
<p><strong>政策奠基与强化期(国内):</strong>国家版权局《意见》与“剑网2025”专项行动重点整治微短剧构建了顶层设计与强力监管。司法层面最高法对“传奇IP”的终审裁决与浙江九翎案的“人格混同”穿透执行为版权资产提供了前所未有的法律背书。</p>
<p><strong>技术变革与冲突期全球AI浪潮</strong>AI生成内容的版权归属在北京互联网法院案例中初步确立需“人类智力投入”。同时全球媒体与好莱坞巨头对OpenAI、Midjourney等提起大规模版权诉讼核心争议在于训练数据的授权问题。然而美国法院对Anthropic案裁定为“合理使用”带来了巨大的司法不确定性。</p>
<p><strong>商业模式探索与价值发现期:</strong>以Reddit与谷歌达成每年6000万美元授权协议为标志“以告求谈”的商业授权成为主流。国内首单亿元级版权ABN发行打通了版权资产金融化渠道。以阜博集团为代表的技术服务商通过广告分成模式将版权保护从“成本中心”转为“利润中心”。</p>
</div>
</div>
<div x-data="{ open: true }" class="mb-6 border-b border-white/10 pb-4">
<button @click="open = !open" class="w-full flex justify-between items-center text-left">
<h3 class="text-xl font-semibold text-purple-300">1. 核心观点:从成本防御到价值创造</h3>
<svg :class="{'rotate-180': open}" class="w-6 h-6 transform transition-transform text-cyan-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
</button>
<div x-show="open" x-transition x-cloak class="mt-4 text-gray-200">
<p>“版权”概念正经历一场由AI技术革命和国家顶层政策共同驱动的<strong class="text-cyan-300">价值重估范式转移</strong>。其核心驱动力已从传统的侵权保护(成本防御)转向<strong class="text-purple-300">数据要素资产化和新生收益模式的构建</strong>价值创造。未来版权的价值将不再仅仅体现于内容本身更在于其作为AI时代“数字石油”的战略地位以及通过技术赋能实现全球化、自动化变现的巨大潜力。</p>
</div>
</div>
<div x-data="{ open: false }" class="mb-6 border-b border-white/10 pb-4">
<button @click="open = !open" class="w-full flex justify-between items-center text-left">
<h3 class="text-xl font-semibold text-purple-300">2. 核心逻辑与市场认知分析</h3>
<svg :class="{'rotate-180': open}" class="w-6 h-6 transform transition-transform text-cyan-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
</button>
<div x-show="open" x-transition x-cloak class="mt-4 text-gray-300 space-y-4">
<div>
<h4 class="font-semibold text-cyan-400">核心驱动力:</h4>
<ul class="list-disc pl-5 mt-2 space-y-2">
<li><strong>政策强驱动:</strong>“版权强国”战略及“剑网”行动提供“政策底”,强制推动“合规化生成”和“先授权后使用”。</li>
<li><strong>AI技术双向赋能</strong>正向AIGC爆发催生了对版权监测阜博和确权版信通的刚需反向AI训练需求放大了存量版权库视觉中国、华策影视作为“数据要素”供应商的价值。</li>
<li><strong>商业模式创新:</strong>阜博集团的广告分成模式是关键,它将维权行为从“成本中心”转变为持续的“利润中心”,彻底改变了商业逻辑。</li>
</ul>
</div>
<div>
<h4 class="font-semibold text-cyan-400">预期差分析:</h4>
<ul class="list-disc pl-5 mt-2 space-y-2">
<li><strong>“技术铲子” vs. “数据地主”:</strong>市场可能高估“数据地主”而低估技术服务商。没有高效的监测和变现技术,数据资产难以兑现。技术服务商(“卖铲人”)的议价能力和商业模式确定性更高。</li>
<li><strong>国内强监管 vs. 海外“合理使用”风险:</strong>市场对国内政策逻辑深信不疑但可能忽略了美国司法判例中“合理使用”裁决Anthropic案的巨大风险这可能动摇全球数据收费的商业逻辑。</li>
<li><strong>变现效率预期差:</strong>版权变现是精细化、长周期的运营过程如阜博单条资产年均创收约400元市场可能对短期变现速度和规模过于乐观。</li>
</ul>
</div>
</div>
</div>
<div x-data="{ open: false }" class="mb-6 border-b border-white/10 pb-4">
<button @click="open = !open" class="w-full flex justify-between items-center text-left">
<h3 class="text-xl font-semibold text-purple-300">3. 关键催化剂与未来发展路径</h3>
<svg :class="{'rotate-180': open}" class="w-6 h-6 transform transition-transform text-cyan-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
</button>
<div x-show="open" x-transition x-cloak class="mt-4 text-gray-300 space-y-4">
<div>
<h4 class="font-semibold text-cyan-400">近期催化剂 (3-6个月)</h4>
<ul class="list-disc pl-5 mt-2 space-y-2">
<li><strong>标志性AI版权诉讼判决</strong>迪士尼诉Midjourney案或《纽约时报》诉OpenAI案的任何偏向版权方的裁决。</li>
<li><strong>国内大型科技公司与内容平台战略合作官宣:</strong>金额明确、大规模的数据授权协议。</li>
<li><strong>“剑网2025”行动公布重大案件</strong>针对微短剧、AIGC领域的典型侵权案查处。</li>
</ul>
</div>
<div>
<h4 class="font-semibold text-cyan-400">长期发展路径:</h4>
<ul class="list-disc pl-5 mt-2 space-y-2">
<li><strong>确权与登记标准化 (1-2年)</strong>基于区块链的“出生即确权”成为行业标准。</li>
<li><strong>交易与授权市场化 (2-3年)</strong>形成公开透明的版权授权交易平台,定价模式从固定费转向利润分享/API调用计费。</li>
<li><strong>资产金融化与全球化 (3-5年)</strong>版权资产支持证券(ABS/ABN)常态化,中国版权技术服务向全球输出。</li>
</ul>
</div>
</div>
</div>
<div x-data="{ open: false }" class="mb-6 border-b border-white/10 pb-4">
<button @click="open = !open" class="w-full flex justify-between items-center text-left">
<h3 class="text-xl font-semibold text-purple-300">4. 产业链与核心公司深度剖析</h3>
<svg :class="{'rotate-180': open}" class="w-6 h-6 transform transition-transform text-cyan-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
</button>
<div x-show="open" x-transition x-cloak class="mt-4 text-gray-300 space-y-4">
<div>
<h4 class="font-semibold text-cyan-400">产业链图谱:</h4>
<ul class="list-decimal pl-5 mt-2 space-y-2">
<li><strong>上游 (版权持有者)</strong>文字IP(中文在线、中信出版)视听IP(华策影视、捷成股份),图片/字库IP(视觉中国、汉仪股份)。</li>
<li><strong>中游 (技术服务与运营商)</strong>确权登记(安妮股份),监测与变现(阜博集团)IP运营代理(祥源文旅)。</li>
<li><strong>下游 (版权使用者)</strong>AI公司(百度、阿里),内容平台(抖音、B站),游戏公司(字节跳动)。</li>
</ul>
</div>
<div>
<h4 class="font-semibold text-cyan-400">核心玩家对比:</h4>
<ul class="list-disc pl-5 mt-2 space-y-2">
<li><strong>阜博集团 (技术变现领导者)</strong>逻辑最纯粹商业模式已验证。核心是技术壁垒独家API接入和网络效应。将保护从成本转为利润。</li>
<li><strong>视觉中国 (资产价值重估代表)</strong>拥有海量高质量素材是AI图像模型的“优质饲料”。价值兑现依赖于高价值授权协议的签订。</li>
<li><strong>中文在线 / 华策影视 (细分领域IP巨头)</strong>网文和影视剧的“富矿”。同样面临变现路径不确定性问题。</li>
<li><strong>安妮股份 (区块链确权探索者)</strong>切入前沿领域,符合政策导向,但商业模式尚在探索期。</li>
</ul>
</div>
</div>
</div>
<div x-data="{ open: false }" class="mb-6 border-b border-white/10 pb-4">
<button @click="open = !open" class="w-full flex justify-between items-center text-left">
<h3 class="text-xl font-semibold text-purple-300">5. 潜在风险与挑战</h3>
<svg :class="{'rotate-180': open}" class="w-6 h-6 transform transition-transform text-cyan-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
</button>
<div x-show="open" x-transition x-cloak class="mt-4 text-gray-300 space-y-2">
<p><strong>法律不确定性 (最大风险)</strong>全球范围内关于AI训练数据是否构成“合理使用”的法律标准尚未统一。美国Anthropic案的判决是最大的不确定性来源与“数据收费”的逻辑基础存在根本性矛盾。</p>
<p><strong>技术风险:</strong>AIGC技术迭代可能出现更难识别的侵权形式版权保护技术面临持续的“军备竞赛”。</p>
<p><strong>商业化风险:</strong>内容方与AI方在数据授权定价上存在巨大分歧个人创作者对确权服务的付费意愿存疑。</p>
</div>
</div>
<div x-data="{ open: false }">
<button @click="open = !open" class="w-full flex justify-between items-center text-left">
<h3 class="text-xl font-semibold text-purple-300">6. 综合结论与投资启示</h3>
<svg :class="{'rotate-180': open}" class="w-6 h-6 transform transition-transform text-cyan-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
</button>
<div x-show="open" x-transition x-cloak class="mt-4 text-gray-300 space-y-4">
<div>
<h4 class="font-semibold text-cyan-400">所处阶段判断:</h4>
<p>版权概念正处于从<strong class="text-white">“主题炒作”向“基本面驱动”过渡的关键阶段</strong>。市场的焦点将从“故事”转向“订单”和“现金流”。</p>
</div>
<div>
<h4 class="font-semibold text-cyan-400">最具投资价值的细分环节:</h4>
<ul class="list-decimal pl-5 mt-2 space-y-2">
<li><strong>版权技术服务商 (“卖铲人”)</strong>确定性最高的环节。需求刚性,商业模式清晰,受法律风险扰动较小。</li>
<li><strong>拥有高质量、稀缺性核心IP的“数据寡头”</strong>在特定领域拥有独家数据库或超级IP的公司议价能力最强。</li>
</ul>
</div>
<div>
<h4 class="font-semibold text-cyan-400">需重点跟踪的关键指标:</h4>
<ul class="list-disc pl-5 mt-2 space-y-2">
<li><strong>技术服务商:</strong>活跃客户数、ARPU值、毛利率。</li>
<li><strong>内容持有者:</strong>是否签订大规模、金额明确的数据授权协议。</li>
<li><strong>整个行业:</strong>全球特别是美国关于AI训练数据使用的司法判例和立法进展。</li>
</ul>
</div>
</div>
</div>
</section>
<!-- Data & Evidence Section -->
<section id="evidence" class="space-y-8">
<h2 class="text-3xl font-bold text-center text-cyan-300">核心数据与证据支撑</h2>
<!-- Market Data Charts -->
<div class="grid grid-cols-1 md:grid-cols-2 gap-8">
<div class="glass-card p-6">
<h3 class="font-semibold text-lg text-center mb-4 text-purple-300">计算机软件版权登记 (2024)</h3>
<div id="software-chart" class="w-full h-72"></div>
</div>
<div class="glass-card p-6">
<h3 class="font-semibold text-lg text-center mb-4 text-purple-300">网络视听服务收入 (2024)</h3>
<div id="video-chart" class="w-full h-72"></div>
</div>
</div>
<!-- Bento Grid for News, Roadshows, Reports -->
<div class="bento-grid">
<div class="glass-card p-6 md:col-span-2">
<h3 class="font-semibold text-xl mb-4 text-purple-300">新闻动态:政策与诉讼并行</h3>
<ul class="space-y-3 text-sm">
<li><strong>国家政策:</strong>"剑网2025"启动,重点整治<strong class="text-cyan-400">微短剧</strong>版权秩序国家版权局发文健全AI、大数据等新兴领域版权保护制度。</li>
<li><strong>AI与版权</strong>全球诉讼潮爆发迪士尼、环球影业诉Midjourney《华尔街日报》母公司诉Perplexity。但同时美国法院裁定Anthropic使用书籍训练AI属<strong class="text-yellow-400">“合理使用”</strong>,判例出现分歧。</li>
<li><strong>金融创新:</strong>全国首单<strong class="text-cyan-400">亿元级版权ABN</strong>在成都成功发行,实现版权资产金融化零的突破。</li>
<li><strong>行业动态:</strong>抖音成立短剧版权中心;网易云音乐与多家韩国娱乐公司续约或达成新合作;华星创业获<strong class="text-cyan-400">三体IP</strong>唯一上市平台授权。</li>
</ul>
</div>
<div class="glass-card p-6">
<h3 class="font-semibold text-xl mb-4 text-purple-300">路演精粹:法律与技术</h3>
<ul class="space-y-3 text-sm">
<li><strong>关键判例:</strong>广州法院认定AI生成“奥特曼”图片侵权确立<strong class="text-cyan-400">“实质性相似原则”</strong>北京法院认可AI生成图片有著作权确立<strong class="text-cyan-400">“人类智力投入要求”</strong></li>
<li><strong>技术方案:</strong>阜博集团以数字指纹(Video DNA)技术实现侵权内容监测与广告分成;版信通通过区块链技术颁发电子版权证书。</li>
</ul>
</div>
<div class="glass-card p-6">
<h3 class="font-semibold text-xl mb-4 text-purple-300">研报视角IP运营与风险</h3>
<ul class="space-y-3 text-sm">
<li><strong>核心战略:</strong>中信出版等公司高度聚焦IP的跨界联动影游书和衍生品开发。</li>
<li><strong>资产管理:</strong>版权被视为重要无形资产进行财务管理,甚至进行减值测试。</li>
<li><strong>统一风险:</strong>几乎所有研报都将<strong class="text-yellow-400">“知识产权被侵害”</strong>列为核心风险。</li>
</ul>
</div>
</div>
</section>
<!-- Stock Tables Section -->
<section id="stocks" class="space-y-8">
<h2 class="text-3xl font-bold text-center text-cyan-300">相关标的梳理</h2>
<!-- Rise Analysis Table -->
<div class="glass-card p-6 md:p-8 overflow-x-auto">
<h3 class="text-2xl font-bold mb-6 text-purple-300">涨幅异动分析</h3>
<table class="table w-full">
<thead>
<tr>
<th>股票名称</th>
<th>代码</th>
<th>涨跌幅</th>
<th>日期</th>
<th>核心驱动逻辑</th>
</tr>
</thead>
<tbody>
<tr>
<td>粤 传 媒</td>
<td><a href="https://valuefrontier.cn/company?scode=002181" target="_blank" class="text-cyan-400 hover:underline">002181</a></td>
<td>+9.99%</td>
<td>2025-09-10</td>
<td>获9800万全运会版权财政补贴占2024年净利112%成A股唯一实质受益标的。</td>
</tr>
<tr>
<td>日播时尚</td>
<td><a href="https://valuefrontier.cn/company?scode=603196" target="_blank" class="text-cyan-400 hover:underline">603196</a></td>
<td>+10.01%</td>
<td>2025-07-18</td>
<td>公告拟收购头部数字IP/影视版权平台,触发借壳重组预期。</td>
</tr>
<tr>
<td>安妮股份</td>
<td><a href="https://valuefrontier.cn/company?scode=002235" target="_blank" class="text-cyan-400 hover:underline">002235</a></td>
<td>+9.97%</td>
<td>2025-06-23</td>
<td>受稳定币概念炒作驱动,叠加公司在区块链版权保护领域的技术优势。</td>
</tr>
<tr>
<td>博纳影业</td>
<td><a href="https://valuefrontier.cn/company?scode=001330" target="_blank" class="text-cyan-400 hover:underline">001330</a></td>
<td>+10.04%</td>
<td>2025-08-25</td>
<td>“电影+AI移动端”政策补贴与公司同华为云合作落地打开AI影视付费点播想象空间。</td>
</tr>
<tr>
<td>时代出版</td>
<td><a href="https://valuefrontier.cn/company?scode=600551" target="_blank" class="text-cyan-400 hover:underline">600551</a></td>
<td>+10.0%</td>
<td>2025-10-24</td>
<td>入选国家数据局“数据要素×出版”首批试点,数据资产可入表、质押,带来资产负债表改善预期。</td>
</tr>
</tbody>
</table>
</div>
<!-- Copyright Concept Stock Table -->
<div class="glass-card p-6 md:p-8 overflow-x-auto">
<h3 class="text-2xl font-bold mb-6 text-purple-300">版权概念核心标的池</h3>
<table class="table w-full">
<thead>
<tr>
<th>分类</th>
<th>股票名称</th>
<th>代码</th>
<th>股票名称</th>
<th>代码</th>
<th>股票名称</th>
<th>代码</th>
</tr>
</thead>
<tbody>
<tr>
<th>影视动画</th>
<td>华策影视</td>
<td><a href="https://valuefrontier.cn/company?scode=300133" target="_blank" class="text-cyan-400 hover:underline">300133</a></td>
<td>捷成股份</td>
<td><a href="https://valuefrontier.cn/company?scode=300182" target="_blank" class="text-cyan-400 hover:underline">300182</a></td>
<td>上海电影</td>
<td><a href="https://valuefrontier.cn/company?scode=601595" target="_blank" class="text-cyan-400 hover:underline">601595</a></td>
</tr>
<tr>
<th></th>
<td>奥飞娱乐</td>
<td><a href="https://valuefrontier.cn/company?scode=002292" target="_blank" class="text-cyan-400 hover:underline">002292</a></td>
<td>中广天择</td>
<td class="text-gray-500">N/A</td>
<td></td>
<td></td>
</tr>
<tr>
<th>网文文库</th>
<td>中文在线</td>
<td><a href="https://valuefrontier.cn/company?scode=300364" target="_blank" class="text-cyan-400 hover:underline">300364</a></td>
<td>掌阅科技</td>
<td><a href="https://valuefrontier.cn/company?scode=603533" target="_blank" class="text-cyan-400 hover:underline">603533</a></td>
<td></td>
<td></td>
</tr>
<tr>
<th>图片字库</th>
<td>视觉中国</td>
<td><a href="https://valuefrontier.cn/company?scode=000681" target="_blank" class="text-cyan-400 hover:underline">000681</a></td>
<td>汉仪股份</td>
<td><a href="https://valuefrontier.cn/company?scode=301270" target="_blank" class="text-cyan-400 hover:underline">301270</a></td>
<td>中国科传</td>
<td><a href="https://valuefrontier.cn/company?scode=601858" target="_blank" class="text-cyan-400 hover:underline">601858</a></td>
</tr>
<tr>
<th rowspan="2">大众出版</th>
<td>读客文化</td>
<td><a href="https://valuefrontier.cn/company?scode=301025" target="_blank" class="text-cyan-400 hover:underline">301025</a></td>
<td>新经典</td>
<td><a href="https://valuefrontier.cn/company?scode=603096" target="_blank" class="text-cyan-400 hover:underline">603096</a></td>
<td>果麦文化</td>
<td><a href="https://valuefrontier.cn/company?scode=301052" target="_blank" class="text-cyan-400 hover:underline">301052</a></td>
</tr>
<tr>
<td>世纪天鸿</td>
<td><a href="https://valuefrontier.cn/company?scode=300654" target="_blank" class="text-cyan-400 hover:underline">300654</a></td>
<td>天舟文化</td>
<td><a href="https://valuefrontier.cn/company?scode=300148" target="_blank" class="text-cyan-400 hover:underline">300148</a></td>
<td>荣信文化</td>
<td><a href="https://valuefrontier.cn/company?scode=301231" target="_blank" class="text-cyan-400 hover:underline">301231</a></td>
</tr>
<tr>
<th rowspan="5">国资出版</th>
<td>中信出版</td>
<td><a href="https://valuefrontier.cn/company?scode=300788" target="_blank" class="text-cyan-400 hover:underline">300788</a></td>
<td>中国出版</td>
<td><a href="https://valuefrontier.cn/company?scode=601949" target="_blank" class="text-cyan-400 hover:underline">601949</a></td>
<td>山东出版</td>
<td><a href="https://valuefrontier.cn/company?scode=601019" target="_blank" class="text-cyan-400 hover:underline">601019</a></td>
</tr>
<tr>
<td>中南传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=601098" target="_blank" class="text-cyan-400 hover:underline">601098</a></td>
<td>凤凰传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=601928" target="_blank" class="text-cyan-400 hover:underline">601928</a></td>
<td>中文传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=600373" target="_blank" class="text-cyan-400 hover:underline">600373</a></td>
</tr>
<tr>
<td>长江传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=600757" target="_blank" class="text-cyan-400 hover:underline">600757</a></td>
<td>浙版传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=601921" target="_blank" class="text-cyan-400 hover:underline">601921</a></td>
<td>新华文轩</td>
<td><a href="https://valuefrontier.cn/company?scode=601811" target="_blank" class="text-cyan-400 hover:underline">601811</a></td>
</tr>
<tr>
<td>南方传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=601900" target="_blank" class="text-cyan-400 hover:underline">601900</a></td>
<td>城市传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=600229" target="_blank" class="text-cyan-400 hover:underline">600229</a></td>
<td>出版传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=601999" target="_blank" class="text-cyan-400 hover:underline">601999</a></td>
</tr>
<tr>
<td>读者传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=603999" target="_blank" class="text-cyan-400 hover:underline">603999</a></td>
<td>龙版传媒</td>
<td><a href="https://valuefrontier.cn/company?scode=605577" target="_blank" class="text-cyan-400 hover:underline">605577</a></td>
<td>内蒙新华</td>
<td><a href="https://valuefrontier.cn/company?scode=603230" target="_blank" class="text-cyan-400 hover:underline">603230</a></td>
</tr>
</tbody>
</table>
</div>
</section>
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