Group 1 - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined market share of 79% for its flagship channel Jade Channel, 24-hour Wireless News Channel, and other channels [1] - The company's advertising revenue in Hong Kong's free channels remains strong, with overall revenue from advertisers showing a growth trend compared to the same period last year, driven by new advertising services in the Greater Bay Area [1] - The company expects its advertising revenue for the full year of 2025 to increase compared to 2024, with the Greater Bay Area, including Guangdong Province and Macau, being the main growth driver [1] Group 2 - The company's OTT streaming business maintains an average of approximately 2 million monthly active users, with over 20% growth in tracking and subscription numbers compared to the previous year [2] - Digital advertising revenue across the company's digital assets, including the myTVSuper platform and social media accounts, shows strong double-digit percentage growth, benefiting from the launch of the myTVSuper "TV 3.0" plan [2] - The company is focused on producing several anticipated dramas, including "News Queen 2" and "Couple's Game," with multiple co-productions at different stages of production [2] Group 3 - The company reaffirms its expectation for continuous improvement in EBITDA and achieving positive net profit attributable to shareholders for the fiscal year ending December 31, 2025 [3]

Group 1 - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined viewership share of 79% for its flagship channels [1] - Advertising revenue from free-to-air channels in Hong Kong is expected to grow in 2025 compared to 2024, driven by increased contributions from advertising services in the Greater Bay Area [1] - The company held a promotional event in Guangzhou, attracting significant interest from advertisers in the Greater Bay Area, which is expected to solidify revenue growth over the next 12 to 18 months [1] Group 2 - The company's OTT streaming services maintain an average of approximately 2 million monthly active users, with over 20% growth in tracking and subscription numbers compared to the previous year [2] - Digital advertising revenue across the company's digital assets has shown strong double-digit percentage growth, attributed to the launch of the myTV Super "TV 3.0" initiative [2] - The company is focused on producing several anticipated dramas, including "News Queen 2" and "Couple's Game," with multiple co-productions at various stages of production [2] Group 3 - The company reaffirms its expectation for continuous improvement in EBITDA and achieving positive net profit attributable to shareholders for the fiscal year ending December 31, 2025 [3]

Group 1 - The company maintains a leading position in Hong Kong's free-to-air television market, with a combined market share of 79% for its flagship channels [1] - The company's advertising revenue in Hong Kong is expected to grow in 2025, driven by increased contributions from advertising services in the Greater Bay Area [1] - A promotional event held in Guangzhou attracted significant interest from advertisers in the Greater Bay Area, laying a solid foundation for future revenue growth [1] Group 2 - The average monthly active users for the company's OTT streaming services remain around 2 million, with over 20% growth in tracking and subscription numbers compared to the previous year [2] - Digital advertising revenue across the company's digital assets has shown strong double-digit percentage growth, attributed to the launch of the myTVSuper "TV 3.0" plan [2] - The company is focused on producing several anticipated dramas, including "News Queen 2" and "Couple's Game," with multiple co-productions at different stages of production [2] Group 3 - The company reaffirms its expectation for continuous improvement in EBITDA and achieving positive net profit for the fiscal year ending December 31, 2025 [3]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 截至二零二五年六月三十日止三個月期間之 業務最新情況及未經審核營運資料 電視廣播有限公司（「本公司」或「無綫電視」，連同其附屬公司，統稱「本集 團」）董事局（「董事局」）欣然提供截至二零二五年六月三十日止三個月期間 （「本季度」）本集團核心香港電視相關業務及中國內地業務的業務最新情況及未經 審核營運資料如下。 1. 核心電視相關業務 （於香港註冊成立之有限公司） 股份代號：00511 於本季度內，我們於香港地面免費電視頻道的收視率繼續保持領先地位，我們的旗 艦頻道翡翠台、24 小時無綫新聞台及其他頻道的收視率合計達到 79%的市場份額： 截至下列日期止三個月期間平日黃金時段 （晚上七時至十一時）： | | 二零二五年 | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 六月三十日 | 三月三十一日 | 六月三十日 | | 無綫電視的免費電視頻道 | 19.8 ...

Group 1 - The Hang Seng Index fell by 0.74%, down 177 points, closing at 23,970 points, while the Hang Seng Tech Index dropped by 1.14% with a trading volume of HKD 122.4 billion in the morning session [1] - New weight stocks performed well, with CATL (03750) rising by 6.35%, reaching a new high since its listing after a strategic cooperation agreement with Geely [1] - Hengrui Medicine (01276) surged by 9.8%, hitting a new high after the clinical approval of SHR-2173 injection [2] Group 2 - Television Broadcasts (00511) increased by over 8% as the company deepens its strategic cooperation in the Greater Bay Area, with institutions optimistic about its profit outlook [3] - Fenbi (02469) rose by over 7% following a significant upgrade to its AI exam preparation system, expanding its AI product matrix [4] - China Rare Earth Holdings (03788) soared by 14%, with a year-to-date increase of 320%, as the company proposed to spin off its rare earth gold business for independent listing on the main board of the Hong Kong Stock Exchange [4] Group 3 - Hong Kong Travel (00308) continued to rise by 9%, doubling its stock price this year, driven by market speculation on stablecoin cross-border payment scenarios [5] - Q Technology (01478) increased by over 8%, with sales of mobile camera modules reaching 3.2648 million units in June, a year-on-year increase of 1.5% [6] - Gold stocks fell across the board as spot gold dropped below USD 3,300, with institutions predicting a high volatility trend for gold prices [6]

Core Insights - The data indicates significant trading volume increases for various companies, suggesting heightened investor interest and potential market movements [1][2][3][4][5] Group 1: Companies with Notable Volume Increases - 阳光能源 (00757) reported a volume ratio of 2.35, indicating strong trading activity [2] - 长城汽车 (02333) had a volume ratio of 2.21, reflecting increased investor engagement [2] - 郑煤机 (00564) showed a volume ratio of 1.92, suggesting a notable rise in trading [2] Group 2: Additional Companies with Increased Trading Activity - 万国数据-SW (09698) recorded a volume ratio of 1.83, indicating significant market interest [2] - 映恩生物-B (09606) had a volume ratio of 1.78, reflecting heightened trading activity [2] - 超盈国际控股 (02111) reported a volume ratio of 1.71, suggesting increased investor focus [2] Group 3: Companies with Moderate Volume Ratios - 中国能源建设 (03996) had a volume ratio of 1.70, indicating a solid level of trading activity [2] - 亚信科技 (01675) reported a volume ratio of 1.60, reflecting moderate investor interest [2] - 金宝通 (00320) showed a volume ratio of 1.53, suggesting a rise in trading volume [2] Group 4: Companies with Lower Volume Ratios - 中国水务 (00855) had a volume ratio of 1.52, indicating stable trading activity [2] - 广汽集团 (02238) reported a volume ratio of 1.52, reflecting consistent investor engagement [2] - 凯莱英 (06821) showed a volume ratio of 1.52, suggesting steady trading interest [2]

Core Viewpoint - The article discusses the current state and future prospects of the Hong Kong entertainment industry, particularly focusing on the challenges and strategies of companies like TVB and ViuTV in engaging with the mainland Chinese market [1][19]. Group 1: Current Challenges - The Hong Kong entertainment industry is facing a significant decline in its influence and competitiveness in the mainland market, with a widening aesthetic gap and a lack of quality content production [11][19]. - TVB has experienced continuous profit declines since 2014, leading to reduced investment and quality in productions, which has resulted in fewer high-quality dramas [16][19]. - The emergence of ViuTV has created competition for TVB, as it targets a younger audience and adapts to the streaming trend, further challenging the traditional TV model [16][19]. Group 2: Strategies for Engagement - TVB has attempted to engage mainland audiences through live streaming and collaborations with platforms like Douyin, showcasing a shift towards more interactive and contemporary content [4][7]. - The company has also partnered with Tencent Video and other platforms to co-produce dramas, aiming to leverage the mainland market's potential [9][20]. - ViuTV has been exploring collaborations with mainland platforms to produce original quality dramas, which has helped improve its reputation in the mainland market [17][20]. Group 3: Cultural and Market Dynamics - The article highlights the cultural challenges faced by Hong Kong entertainers in adapting to the mainland market, where the audience's preferences have evolved significantly [19]. - Despite the challenges, there are opportunities for Hong Kong artists to gain recognition in the mainland through nostalgia and cultural connections, as seen with the resurgence of interest in Hong Kong music and dramas [12][14]. - The article emphasizes the need for innovation and adaptation in the Hong Kong entertainment industry to remain relevant and competitive in the rapidly changing landscape of mainland entertainment [20].

Core Viewpoint - Hong Kong needs a more contemporary and attractive urban narrative, and TVB plays a crucial role in shaping and disseminating the new Hong Kong story through collaborations and reforms aimed at revitalizing its cultural output [1][4]. Group 1: TVB's Strategic Collaborations - TVB announced new collaboration plans with mainland institutions, including co-production agreements with Tencent Video and strategic partnerships with TME to enhance entertainment and music in the Greater Bay Area [1]. - These collaborations represent the results of TVB's deep reforms over the past few years, focusing on integrating with mainland cultural contexts [1][2]. Group 2: Challenges and Reforms - TVB faced significant challenges around 2020, prompting its major shareholder, Chinese Culture Group, to intervene and push for comprehensive reforms due to the rapid development of the mainland entertainment industry [2]. - The current leadership has introduced external talent and restructured management, with 60% of the management team being new, aiming to blend different cultural insights and production styles [2][20]. Group 3: Content Creation and Market Positioning - The ability to create hit shows is seen as essential for TVB's survival, requiring a balance between local inspiration and broader appeal [3][7]. - TVB aims to maintain its core genres while innovating in storytelling and production methods to adapt to changing societal structures and audience expectations [7][8]. Group 4: Cultural and Economic Context - The perception of Hong Kong's cultural identity has become fragmented, with competition from other cities like Singapore and Macau intensifying [4]. - TVB's historical dominance in the local market has been challenged, with advertising revenue dropping significantly from HKD 29 billion in 2018 to under HKD 10 billion in 2020, but has since recovered to around HKD 14-15 billion [15]. Group 5: Future Directions and Innovations - TVB is exploring new revenue streams in the Greater Bay Area and considering the integration of AI in content production [18]. - The company is also focusing on building a team that understands both Hong Kong and mainland markets, aiming for a more effective integration of resources and talent [19][20].

Group 1 - TVB is collaborating with mainland institutions to promote high-quality development of the cultural industry in the Greater Bay Area [1] - The company has established film production centers in Shenzhen and Guangzhou, creating a localized operational system from creative incubation to production [1] - TVB aims to deepen cooperation with various cities in the Greater Bay Area and produce quality works that showcase national development achievements [1] Group 2 - The Hong Kong government emphasizes that the cultural and creative industries are vital for economic growth and cultural exchange, enhancing soft power [2] - Hong Kong's unique position can further drive cultural innovation and talent exchange within the Greater Bay Area [2] - The government supports the promotion of outstanding films and cultural brands from the Bay Area to the global stage [2]

Core Viewpoint - TVB is actively embracing the mainland market and focusing on deepening its integration within the Guangdong-Hong Kong-Macao Greater Bay Area as a key part of its overall strategy [1][2]. Group 1: Strategic Collaborations - TVB has announced strategic partnerships with Tencent Video, Huawei, and iFlytek, indicating a comprehensive approach to enhance its presence in the mainland market [1][2]. - The company has established film production centers in Shenzhen and Guangzhou, creating a localized operational system from creative incubation to production [3]. Group 2: Financial Performance and Future Outlook - TVB has faced continuous losses for seven years since 2018, but it projects a positive EBITDA of HKD 295 million for 2024 and anticipates a profit for the fiscal year 2025 [2]. - The company aims to leverage its integration with the mainland market as a crucial pathway to reversing its financial downturn [2]. Group 3: Content Development and Innovation - TVB is focusing on producing locally filmed series, with over ten shows created in the past two years, which have achieved good ratings in the mainland market [3]. - The company is integrating AI technology into its production processes, claiming a 50% increase in post-production efficiency through the application of AIGC technology [4]. Group 4: Talent Development and Market Adaptation - TVB plans to enhance the recognition of Hong Kong artists in the mainland by adopting a mentorship model to provide opportunities for newcomers [4]. - The company recognizes the need for a cultural shift towards innovation and experimentation, particularly in the context of AI applications and market demands [5]. Group 5: Upcoming Projects - TVB's 77 Studio has entered a strategic collaboration with Tencent Video to produce key projects, including adaptations of Jin Yong's classic works and contemporary urban dramas [6][8].