Group 1 - Company ST Guangwang (600831.SH) announced that its stock will be suspended for one day on November 7, 2025, and will resume trading on November 10, 2025 [1] - Following the resumption, the company will remove other risk warnings, and its A-share stock name will change from "ST Guangwang" to "Guangdian Network," while the stock code remains "600831" [1] - After the removal of risk warnings, the company's stock will be transferred out of the risk warning board, and the daily price fluctuation limit will increase from 5% to 10% [1]

Core Insights - The television broadcasting sector experienced a slight increase of 0.49% on the trading day, with Jishi Media leading the gains [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance Summary - Jishi Media (601929) closed at 4.48, up 10.07% with a trading volume of 10.63 million shares [1] - Hubei Broadcasting (000665) closed at 6.51, up 2.04% with a trading volume of 939,000 shares [1] - Tianwei Video (002238) closed at 8.84, up 1.38% with a trading volume of 140,900 shares [1] - Haikan Co. (301262) closed at 26.30, up 1.15% with a trading volume of 161,800 shares [1] - Guangxi Broadcasting (600936) closed at 3.76, up 0.53% with a trading volume of 217,000 shares [1] - ST Guangwang (600831) closed at 5.05, up 0.40% with a trading volume of 88,400 shares [1] - New Media Co. (300770) closed at 48.96, up 0.35% with a trading volume of 100,300 shares [1] - Huashu Media (000156) closed at 8.13, up 0.25% with a trading volume of 170,400 shares [1] - Gehua Cable (600037) closed at 8.19, unchanged with a trading volume of 149,400 shares [1] - Jiangsu Cable (600959) closed at 3.74, down 0.27% with a trading volume of 640,700 shares [1] Capital Flow Analysis - The television broadcasting sector saw a net outflow of 450 million yuan from institutional investors, while retail investors contributed a net inflow of 290 million yuan [2] - The capital flow for individual stocks indicates varying trends, with New Media Co. experiencing a net outflow of 38.53 million yuan from institutional investors [3] - Hubei Broadcasting had a net inflow of 25.46 million yuan from institutional investors, while retail investors showed a net inflow of 13.50 million yuan [3]

Market Performance - The television broadcasting sector increased by 4.65% compared to the previous trading day, with Oriental Pearl leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - Oriental Pearl (600637) closed at 10.67, with a rise of 10.00% and a trading volume of 2.0097 million shares, amounting to a transaction value of 2.11 billion [1] - Jishi Media (626109) also saw a 10.00% increase, closing at 4.07 with a trading volume of 3.4699 million shares and a transaction value of 1.386 billion [1] - Other notable performers include Hubei Broadcasting (000665) with a 5.63% increase, closing at 6.38, and Guangxi Broadcasting (600936) with a 3.89% increase, closing at 3.74 [1] Capital Flow Analysis - The television broadcasting sector experienced a net inflow of 745 million from institutional investors, while retail investors saw a net outflow of 417 million [1] - The capital flow data indicates that Jishi Media had a net inflow of 476 million from institutional investors, while it faced a net outflow of 207 million from speculative funds [2] - Oriental Pearl had a net inflow of 209 million from institutional investors but a net outflow of 120 million from speculative funds [2]

证券代码：600831 证券简称：ST 广网 编号：临 2025-022 号 陕西广电网络传媒（集团）股份有限公司 关于上海证券交易所有关公司信访投诉事项的 监管工作函回复的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 近日，陕西广电网络传媒（集团）股份有限公司（简称"公司"或"本公司"） 收到上海证券交易所《关于 ST 广网有关信访投诉事项的监管工作函》(上证公函 [2025]3767 号)。公司对《监管工作函》涉及相关事项进行了认真核查，现回复如下： 事项一、信访投诉称，公司部分项目毛利率较低，实际可能存在亏损，缺乏商 业合理性；部分合作方成立时间短且规模较小、注册资本远低于公司与其交易金额； 部分项目未能通过公开信息检索到双方合作信息。主要涉及合作方包括：陕西丝路 云网科技有限公司、陕西诚路科兴信息工程有限公司、青岛屹柠信润科技有限公司、 中陕核工业集团综合分析测试有限公司、陕西离烨紫华信息科技有限公司、西安祥 智达网络科技有限公司、西安乘祥科技有限公司等。 请公司自查并补充披露：（1）公司与前述合作方开展交易的 ...

Market Overview - The television broadcasting sector experienced a decline of 1.13% on the previous trading day, with Jishi Media leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Individual Stock Performance - Jishi Media (601929) saw a significant drop of 3.83%, closing at 3.52, with a trading volume of 2.36 million shares and a turnover of 841 million yuan [2] - Other notable declines include: - Electric Broadcasting Media (000917) down 3.13% to 8.67 [2] - New Media Co. (300770) down 2.60% to 46.90 [2] - Wireless Media (301551) down 2.47% to 36.30 [2] - Conversely, Oriental Pearl (600637) increased by 0.99% to 9.18, with a trading volume of 734,400 shares [1] Capital Flow Analysis - The television broadcasting sector experienced a net outflow of 149 million yuan from institutional investors, while retail investors saw a net inflow of 138 million yuan [2] - The capital flow for individual stocks shows: - Oriental Pearl had a net inflow of 55.41 million yuan from institutional investors [3] - Jishi Media had a net outflow of 3.83% [2] - Guangxi Broadcasting (600936) faced a significant net outflow of 1.33 million yuan from institutional investors [3]

Core Viewpoint - ST Guangwang (600831) is making progress in cash flow improvement, capital structure optimization, and risk mitigation despite facing operational pressures, and has applied for the removal of its stock risk warning, signaling a move towards stable and standardized development [1][2] Financial Performance - For the first nine months of 2025, the company achieved operating revenue of 894 million yuan and a net cash flow from operating activities of 150 million yuan, indicating healthy capital turnover [1] - The company's cash and cash equivalents increased by approximately 64% compared to the beginning of the year, reaching a balance of 241 million yuan, reflecting initial success in enhancing liquidity and capital management [1] Business Strategy - The company is actively promoting the coordinated development of traditional cable TV and emerging services, adjusting product and market strategies to control costs and improve operational efficiency despite a decline in main business revenue due to industry transformation and market conditions [1] - Management and sales expenses both decreased year-on-year, demonstrating strengthened internal control [1] Corporate Governance and Future Outlook - The company has taken a significant step in compliance governance and risk clearance by applying to remove the ST designation, which could help reshape its market image if approved by regulators [2] - Analysts believe that maintaining positive operating cash flow and advancing the "delisting" process amid industry challenges reflects the management's determination and execution capability [2] - Looking ahead, the company plans to enhance its main business, explore new growth points, and continuously improve operational quality to create long-term value for shareholders [2]

证券代码：600831 证券简称：ST 广网 编号：临 2025-020 号 陕西广电网络传媒（集团）股份有限公司 第九届董事会第三十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025 年 10 月 24 日，公司以书面方式通知召开第九届董事会第三十次会议。 2025 年 10 月 28 日，会议以现场+通讯方式在公司 18 楼会议室召开。应参会董 事 6 人，实际参会董事 6 人，分别是韩普先生、鲁吉安先生、李新娟女士、宋建 武先生、穆随心先生、苏坤先生。董事长韩普先生主持会议。公司监事、高级管 理人员等列席会议。会议的召集和召开符合《公司法》等有关法律、法规、规范 性文件和《公司章程》的规定。经与会董事审议并投票表决，形成如下决议： 董 事 会 2025 年 10 月 29 日 6 票同意、0 票反对、0 票弃权。 一、审议通过《2025 年第三季度报告》 。 6 票同意、0 票反对、0 票弃权。 公 司 《 2025 年 第 三 季 度 报 告 》 同 日 刊 登 于 上 海 证 券 交 易 所 网 ...

重要内容提示： 证券代码：600831 证券简称：ST 广网 编号：临 2025-021 号 陕西广电网络传媒（集团）股份有限公司 关于拟以定向减资方式退出参股公司 暨关联交易的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 1 本公司拟以定向减资方式退出参股公司陕西省大数据集团有限公司（以下简 称"陕数集团"）全部股权，定向减资价款依据评估值确定为 6,788.41 万元。 本次定向减资完成后，本公司不再持有陕数集团股权。 因本公司监事会主席王立强先生兼任陕数集团董事，本次定向减资退出陕数 集团事项构成关联交易，但不构成《上市公司重大资产重组管理办法》规定 的重大资产重组。 截至本次关联交易为止，过去 12 个月内本公司与陕数集团之间未发生与本 次交易类别相关的关联交易，亦未发生其他类别的关联交易。 本次定向减资事项各方已就交易主要条款达成一致，待各方履行各自审批程 序，相关协议尚未签署；本次定向减资陕数集团还需履行债权人通知公告、 工商变更等法定程序；对公司减资价款由陕数集团分次支付。该等事项均存 在一定的不确定性。 ...

Group 1 - ST Guangwang reported a revenue of approximately 894 million yuan for the first three quarters of 2023, representing a year-on-year decrease of 22.16% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 604 million yuan [1] - The basic earnings per share were a loss of 0.85 yuan [1] Group 2 - As of the report, ST Guangwang's market capitalization is 3.4 billion yuan [2]

Financial Performance - The company's operating revenue for the third quarter was ¥246,753,607.23, a decrease of 15.03% compared to the same period last year[4]. - The total profit for the third quarter was -¥243,974,831.16, with a year-to-date total profit of -¥606,806,548.60[4]. - The net profit attributable to shareholders for the third quarter was -¥243,138,794.73, reflecting a significant loss increase year-on-year[4]. - Total operating revenue for the first three quarters of 2025 was ¥893.58 million, a decrease of 22.2% compared to ¥1,148.03 million in the same period of 2024[22]. - Net profit for the first three quarters of 2025 was a loss of ¥606.95 million, compared to a loss of ¥567.42 million in the same period of 2024, representing an increase in loss of 6.9%[23]. - The net loss for the first three quarters of 2025 was CNY 597,705,989.38, compared to a net loss of CNY 513,526,809.07 in the same period of 2024, indicating an increase in losses[34]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥150,469,756.45, down 23.50% compared to the previous year[4]. - Cash flow from operating activities for the first three quarters of 2025 was ¥150.47 million, down 23.5% from ¥196.69 million in 2024[26]. - Cash inflow from operating activities totaled $760.15 million, down from $1,143.96 million, representing a decrease of approximately 33.5% year-over-year[38]. - Net cash flow from operating activities was $113.20 million, compared to $215.66 million, indicating a decline of about 47.5% year-over-year[38]. - Cash inflow from financing activities amounted to $2.28 billion, slightly down from $2.43 billion, a decrease of about 6.5% year-over-year[38]. - Cash outflow for payments to employees was $202.43 million, down from $338.27 million, indicating a decrease of approximately 40.1% year-over-year[38]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,434,278,586.68, a decrease of 2.98% from the previous year-end[6]. - The company's total liabilities as of September 30, 2025, were RMB 8,975,787,058.24, compared to RMB 8,689,163,791.63 at the end of 2024, showing an increase of approximately 3.31%[21]. - Total assets decreased to CNY 9,933,669,726.84 as of September 30, 2025, from CNY 10,210,094,019.50 at the end of 2024, a decline of 2.7%[32]. - The company's total equity decreased to CNY 1,356,781,646.41 as of September 30, 2025, from CNY 1,954,487,635.79 at the end of 2024, a decline of 30.5%[32]. Shareholder Equity - The equity attributable to shareholders decreased by 29.11% to ¥1,469,758,555.20 compared to the previous year-end[6]. - The company's equity attributable to shareholders decreased to RMB 1,469,758,555.20 from RMB 2,073,353,023.38, a decline of approximately 29.1%[21]. Borrowings - The company reported a significant increase in short-term borrowings, which stood at RMB 845,946,626.74, compared to RMB 867,696,626.74 in the previous period, reflecting a slight decrease of about 2.9%[20]. - The company’s long-term borrowings rose to RMB 4,015,638,042.43 from RMB 3,404,756,222.51, marking an increase of approximately 18.0%[21]. Management and Governance - The company plans to apply for the removal of the other risk warning on its stock, as it has met the necessary conditions as of October 9, 2025[16]. - The board of directors' term has been extended due to ongoing preparations for the board's re-election, ensuring continuity in governance[15]. - The company is actively preparing for the revision of management systems and reforms of the supervisory board in line with new regulations[15]. Other Financial Metrics - The basic and diluted earnings per share for the third quarter were both -¥0.34, indicating a decline in profitability[4]. - The company's cash and cash equivalents increased to RMB 242,114,698.80 from RMB 147,505,385.47, representing a growth of approximately 64.0%[19]. - The company's long-term borrowings rose to CNY 4,015,638,042.43 as of September 30, 2025, up from CNY 3,404,756,222.51 at the end of 2024, reflecting an increase of 18.0%[32]. - The company reported a significant increase in credit impairment losses, amounting to CNY -158,206,911.83 for the first three quarters of 2025, compared to CNY -51,981,238.37 in the same period of 2024[34]. - The company will not apply new accounting standards starting from 2025[39].