Market Overview - The television broadcasting sector experienced a decline of 1.8% compared to the previous trading day, with Liujin Technology leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Stock Performance - Tianwei Video (002238) closed at 9.06, up 1.46% with a trading volume of 337,400 shares and a transaction value of 309 million yuan [1] - Dongfang Mingzhu (600637) closed at 14.90, up 0.27% with a trading volume of 3,193,700 shares [1] - Liujin Technology (920021) saw a significant drop of 16.51%, closing at 11.33 with a trading volume of 845,100 shares [2] - Jishi Media (601929) closed at 4.27, down 6.97% with a trading volume of 4,543,700 shares [2] Capital Flow - The television broadcasting sector had a net outflow of 700 million yuan from institutional investors, while retail investors saw a net inflow of 588 million yuan [2] - The main capital inflow and outflow for selected stocks showed varied trends, with Tianwei Video receiving a net inflow of 42.25 million yuan from institutional investors [3] - Wireless Media (301551) experienced a net outflow of 18.47 million yuan from institutional investors, while retail investors contributed a net inflow of 15.25 million yuan [3]

证券日报网讯 1月14日，歌华有线在互动平台回答投资者提问时表示，公司中标国家文化大数据服务平 台项目（应用支撑部分）的情况请参阅相关公告。目前该项目正在有序推进相关建设工作，除算力底座 通智一体云平台基本完成部署尚未验收，其他部分已建设完成并通过初验正式进入试运行。涿州项目基 础设施部分已竣工，后续将随业务量分步实施。 （文章来源：证券日报） ...

Market Overview - The television broadcasting sector experienced a decline of 0.28% on the previous trading day, with Dongfang Mingzhu leading the drop [1] - The Shanghai Composite Index closed at 4126.09, down 0.31%, while the Shenzhen Component Index closed at 14248.6, up 0.56% [1] Stock Performance - Liujin Technology (920021) saw a significant increase of 29.98%, closing at 13.57, with a trading volume of 1.2659 million shares and a transaction value of 1.558 billion [1] - New Media Co. (300770) increased by 4.31%, closing at 48.14, with a trading volume of 157,600 shares and a transaction value of 755 million [1] - Hubei Broadcasting (000665) rose by 2.32%, closing at 6.17, with a trading volume of 863,800 shares and a transaction value of 533 million [1] - Dongfang Mingzhu (600637) decreased by 3.44%, closing at 14.86, with a trading volume of 5.0112 million shares and a transaction value of 7.626 billion [2] Capital Flow - The television broadcasting sector experienced a net outflow of 1.193 billion from institutional investors, while retail investors saw a net inflow of 1.089 billion [2] - The capital flow for individual stocks indicates that Liujin Technology had a net inflow of 363 million from institutional investors, representing 23.32% of its total [3] - New Media Co. faced a net outflow of 51.2847 million from institutional investors, with a net outflow of 45.4842 million from speculative funds [3]

Market Overview - The Shanghai Composite Index closed at 4095.33 points, above the annual line, with a change of 0.30% [1] - The total trading volume of A-shares reached 20,819.70 million yuan [1] Stocks Breaking Annual Line - A total of 73 A-shares have surpassed the annual line today, with notable stocks including: - Zhongcheng Technology with a deviation rate of 14.13% - Weining Health at 10.41% - Yaxin Security at 8.60% [1] Top Stocks by Deviation Rate - The following stocks have the highest deviation rates from the annual line: - Zhongcheng Technology: Today's change of 19.05%, turnover rate of 24.88%, annual line at 25.68 yuan, latest price at 29.31 yuan [1] - Weining Health: Today's change of 11.05%, turnover rate of 14.00%, annual line at 9.56 yuan, latest price at 10.55 yuan [1] - Yaxin Security: Today's change of 10.44%, turnover rate of 3.58%, annual line at 20.75 yuan, latest price at 22.53 yuan [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Pailin: Change of 10.01%, turnover rate of 15.83%, annual line at 7.88 yuan, latest price at 8.46 yuan [1] - Chuangye Huikang: Change of 8.71%, turnover rate of 10.91%, annual line at 5.38 yuan, latest price at 5.74 yuan [1] - Jiuyuan Yinhai: Change of 6.61%, turnover rate of 6.73%, annual line at 18.48 yuan, latest price at 19.68 yuan [1]

Core Viewpoint - The transaction between the company's subsidiary in Zhuozhou and Hebei Broadcasting has been completed, and the related revenue has been recognized [1] Company Summary - The company, Gehua Cable (600037), confirmed the completion of a transaction with its Zhuozhou subsidiary and Hebei Broadcasting [1] - The revenue from this transaction has been officially recognized, indicating a positive impact on the company's financial performance [1] Industry Summary - The completion of this transaction may reflect broader trends in the cable and broadcasting industry, where consolidation and partnerships are becoming more common [1] - The recognition of revenue from such transactions is crucial for companies in the industry to enhance their financial stability and growth prospects [1]

Group 1 - The core viewpoint of the article is that Gehua Cable (600037) has indicated a positive impact on its 2025 performance due to its indirect investment in the Xunqi project through a fund [1] - The company will account for the aforementioned equity based on relevant fund data under the long-term equity investment category using the equity method [1]

Group 1 - The company is progressing with the National Cultural Big Data Service Platform project, aiming for completion by the end of 2025 [2] - The project has a gross profit margin ranging from 7% to 15%, and timely delivery could potentially lead to a turnaround from losses [2] - As of now, the core computing platform has been largely deployed and is in trial operation, with other components completed and passing initial verification [2]

Core Viewpoint - The stock price of Gehua Cable has shown a positive trend, with a year-to-date increase of 4.38% and a recent uptick of 2.01% on January 8, 2025, indicating investor interest and potential growth in the company's market performance [1][2]. Financial Performance - For the period from January to September 2025, Gehua Cable reported a revenue of 1.392 billion yuan, reflecting a year-on-year decrease of 11.22%. However, the net profit attributable to shareholders increased by 114.27% to 1.7167 million yuan [2]. - Cumulatively, since its A-share listing, Gehua Cable has distributed a total of 3.633 billion yuan in dividends, with 177 million yuan distributed over the past three years [3]. Shareholder and Market Activity - As of September 30, 2025, the number of shareholders for Gehua Cable was 52,500, a decrease of 3.74% from the previous period. The average number of circulating shares per shareholder increased by 3.88% to 26,487 shares [2]. - The stock's trading activity on January 8, 2025, included a net inflow of 3.5197 million yuan from major funds, with significant buying activity from large orders [1]. Business Overview - Gehua Cable, established on September 29, 1999, and listed on February 8, 2001, operates primarily in the construction, management, and maintenance of broadcasting and television networks. Its revenue sources include information services (42.05%), cable television maintenance (39.40%), and other segments [2]. - The company is categorized under the media industry, specifically in the television broadcasting sector, and is associated with various concept sectors such as state-owned cloud, film and television media, and streaming media [2].

Core Insights - The television broadcasting sector experienced a rise of 1.25% on the trading day, with Oriental Pearl leading the gains [1] - The Shanghai Composite Index closed at 4085.77, up 0.05%, while the Shenzhen Component Index closed at 14030.56, up 0.06% [1] Stock Performance - Oriental Pearl (600637) closed at 11.01, with a significant increase of 9.99% and a trading volume of 1.67 million shares [1] - Other notable stocks include: - Huashu Media (000156) at 7.82, up 0.39% [1] - Gehua Cable (600037) at 7.47, up 0.13% [1] - Jiangsu Cable (600959) at 3.51, down 0.57% [1] - Gu Guang Network (600996) at 9.87, down 0.90% [1] Capital Flow - The television broadcasting sector saw a net inflow of 46.91 million yuan from institutional investors, while retail investors contributed a net inflow of 78.78 million yuan [2] - Notably, there was a net outflow of 126 million yuan from speculative funds [2] Individual Stock Capital Flow - Oriental Pearl had a net inflow of 43.5 million yuan from institutional investors, but a net outflow of 22.5 million yuan from speculative funds [3] - Other stocks with significant capital flow include: - Gehua Cable with a net inflow of 10.40 million yuan from institutional investors [3] - Huashu Media with a net inflow of 7.69 million yuan from institutional investors [3] - Guangxi Broadcasting (600936) experienced a net outflow of 3.88 million yuan from institutional investors [3]

北京歌华有线电视网络股份有限公司 2026 年第一次临时股东会会议资料 二〇二六年一月十五日 二〇二六年第一次临时股东会 目 录 | 2026 ――――――――――――――――――――2 | 年第一次临时股东会须知 | | --- | --- | | 2026 ――――――――――――――――――――4 | 年第一次临时股东会议程 | | 授权委托书―――――――――――――――――――――――――――――6 | | | 议案一：北京歌华有线电视网络股份有限公司关于变更部分募集资金投资项目的 | | | 议案――――――――――――――――――――――――――――――――7 | | 1 二〇二六年第一次临时股东会 北京歌华有线电视网络股份有限公司 2026 年第一次临时股东会须知 北京歌华有线电视网络股份有限公司（以下简称"公司"）为维护广大投资 者的合法权益，保障股东在本次股东会期间依法行使权利，根据《中华人民共和 国公司法》《上市公司股东会规则》和《北京歌华有线电视网络股份有限公司章 程》等有关规定，特制定本会议须知： 一、公司负责本次股东会的议程安排和会务工作，出席会议人员应当听从公 司工作人员安排，共 ...