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On November 11, Shanghai Film Group issued a risk warning announcement, stating that the company has noticed the market has categorized it as an AI video concept stock. Currently, no significant changes have occurred in the company's production and operations. Its core businesses comprise film promotion and distribution, cinema chain operations, and full-chain IP development. The AI video-related business remains in its early investment stage and is relatively small in scale. As of the end of October, revenue from this segment accounted for less than 0.5% and will not have a material impact on performance. The company has not identified any other media reports, market rumors, or hot-concept matters that may or have already had a relatively significant impact on its stock trading price, and it reminds investors to be mindful of risks.
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