行广发证券GF SECURITIES行业专题研究传媒合理价值EPS(元)PE (x)EV/EBITDA (x)ROE (%货币2022E2023E2022E2023E2022E2023E2022E2023E300251.S2人民币7.722022/11/1买入9.970.070.33110.2923.3976.9621.702.209.60300413.S2Z人民币34.8020232/28买入37.270.971.3635.8825.597.176.099.8013.40万达电影002739.S2人民币13.492022/1031买入13.92-0.310.4629.3317.017.99-8.3010.90300770.SZ人民币41.982022/1028买入45.233.023.2913.9012.765.243.9919.2017.40蓝色光标300058.S2人民币6.202022/1031买入6.520.090.2668.8923.8511.059.502.306.30完美世界002624.SZ人民币14.542022/1022买入15.690.870.9816.7114.8416.8514.0118.0014.50603444.SH人民币366.552022/1027买入376.2918.8122.0219.4916.656.605.7928.3030.60002555.S2人民币23.012022/1031买入25.961.301.5117.7015.247.656.1521.0019.60002027.SZ人民币6.742022/11/29买入6.890.2124.9620.2716.0514.6017.10天下秀600556.SH人民币7.382022/1031买入7.030.1549.2032.0939.1518.727.009.80301102.SZ人民币37.272022/1025买入37.491.081.8734.5119.935.754.057.0010.90博纳影业001330.SZ人民币10.19202212/4买入15.340.05044203.8023.1618.7610.560.908.10新经典603096.SH人民币20.852022/1030买入23.401.0713819.4915117.125.048.7010.10601098.SH人民币10.162022/1028买入12.230.891.0211.429.962.351.1810.8011.00中信出版300788.SZ人民币22.752022/1025买入23.541.0821.0616.495.393.869.6011.00中国科传601858.SH人民币14.362022/1030买入9.320.620.623.1621.436.494.8510.109.80601928.SH人民币8.8920221031买入9.290.740.7712.0111.555.053.9011.3010.50301011.SZ人民币30.392022/1026买入37.670.210.94144.7132.3322.4012.843.1012.10国联股份603613.SH人民币79.272022/1028买入163.782.213.6435.8721.7832.3319.2720.525.201896.HK港元9.2620232/21买入13.040.210.5749.8718.3720.927.603.007.60美团W03690.HK卷元142.802022/11/27买入230.530.272.09598.1877.28389.2266.154.997.64心动公司02400.HK港元26.40202296买入31.12-0.970.16186.6220.83-16.504.7009992.HK港元24.302023/2/13买入35.230.420.7165.4438.7136.0820.356.9010.90BILI.O美元19.302022/11/30买入20.85-16.996.5861.00-30.00美元7.732023/2/23买入10.271.493.0136.0017.823.592.79-5.0040.00NTES.O美元77.6420232/27买入129.2133.9135.8815.8915.0210.8010.1018.7017.40腾讯音乐TME.N美元7.542022/11/18买入8.032.793.2318.7616.201.951.6510.0012.00BZ.O20.152022/11/30买入24.120.701.70199.7782.26304.0026.005.0013.00WB.O美元20.682022/11/18买入28.302.102409.858.6224.207.201.007.5000700.HK卷元368.802023/1/19买入490.9212.4215.7729.6923.3914.5013.9014.0013.00百度BIDU.O美元137.6920232/24买入181.0059.8586.1215.9711.1014.0010.003.006.00知乎ZH.N美元1.43202212/2买入1.70-2.07-1.06-27.00-17.00快手WYMM.N美元56.052023/1/18买入88.69-1.31.1353.62144.00-38.00-4.00云音乐06618.HK卷元83.0020232/26买入135.69-1.000.00新东方在线01024.HK卷元46.6020232/21买入68.51-0.401.10294.0054.00-22.2041.60识别风险，发现价值请务必阅读末页的免责声明