Core Viewpoint - Beitou Technology (formerly Gui Guang Network) is undergoing significant changes in performance forecasts, management, and business transformation, which may impact its operations and stock price [1] Group 1: Performance and Business Operations - The company completed a major asset restructuring in 2025 and changed its name to Beitou Technology. The first performance forecast post-renaming indicates a projected net loss attributable to shareholders of between -320 million to -490 million yuan for 2025, a reduction in losses compared to 2024, primarily due to asset replacement [2] - The previous forecast on January 18, 2026, estimated a net loss of 1.07 billion to 1.35 billion yuan for 2025 (with a non-recurring net loss of 1.15 billion to 1.43 billion yuan), attributed to intensified market competition, reduced engineering projects, and high accounts receivable [2] - The company is promoting a "Broadcast + N" model, integrating resources from culture and tourism, while emphasizing government and enterprise business with a focus on profit and cash flow. However, the Q3 2025 report showed a year-on-year revenue decline of 27.63%, indicating significant transformation challenges [4] Group 2: Management Changes - On December 22, 2025, the company elected Dai Qingsong as the new chairman and acting general manager, along with changes in the legal representative [3] Group 3: Financial Situation - As of the end of Q3 2025, the company reported accounts receivable of 2.808 billion yuan, a debt-to-asset ratio of 80.62%, and cash holdings of only 164 million yuan, indicating significant debt repayment pressure. The company plans to improve cash collection through a dedicated recovery team [6] Group 4: Market Sentiment and Funding - On February 3, 2026, the main funds experienced a net outflow of 13.3776 million yuan, accounting for 8.24% of the trading volume. As of February 9, the financing balance was 505 million yuan, representing 4.44% of the market capitalization, indicating a high level of funding [5]

Group 1 - The first extraordinary general meeting of shareholders for 2026 was held on February 9, 2026, in Nanning, Guangxi [2] - The meeting was convened by the board of directors and chaired by Mr. Feng Jian, with attendance and voting procedures compliant with the Company Law and the Articles of Association [2][3] - A total of 9 directors were in office, with 8 present; independent director Mr. Deng Weihui was absent due to a work conflict [3] Group 2 - The following proposals were reviewed and approved during the meeting: 1. Proposal on the expected daily related party transactions for 2026 [4] 2. Revision of certain company systems, including the Independent Director Work System, Related Party Transaction Management System, and Fund Management System, all of which were approved [4][5] - The related party shareholder, Guangxi Beibu Gulf Investment Group Co., Ltd., abstained from voting on the related party transaction proposal [5] Group 3 - The meeting was witnessed by lawyers from Guohao Law Firm (Nanning), with a conclusion confirming that the meeting's procedures complied with legal and regulatory requirements [5]

国浩律师（南宁）事务所 关于 广西北投科技股份有限公司 2026 年第一次临时股东会的 法律意见书 地址：南宁市良庆区宋厢路 16 号太平金融大厦二十一层 2101 号 邮编：530200 电话：0771-5760061 传真：0771-5760065 电子信箱：grandallnn@grandall.com.cn 网址：http://www.grandall.com.cn 二〇二六年二月 法律意见书 国浩律师（南宁）事务所 关于 国浩律师（南宁）意字(2024)第 5096-2-6 号 广西北投科技股份有限公司 2026 年第一次临时股东会的法律意见书 法律意见书 公司法》（以下简称《公司法》）、《中华人民共和国证券法》《股东会 规则》《广西北投科技股份有限公司章程》（以下简称《公司章程》）等 有关规定，按照律师行业公认的业务标准、道德规范和勤勉尽责的精神， 对本次股东会发表法律意见。 致：广西北投科技股份有限公司 根据中国证券监督管理委员会发布的《上市公司股东会规则》（以下 简称《股东会规则》）的要求，国浩律师（南宁）事务所（以下简称"本 所"）接受广西北投科技股份有限公司（以下简称"北投科技"或"公司" ...

证券代码：600936 证券简称：北投科技 公告编号：2026-010 广西北投科技股份有限公司 2026年第一次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 519 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 818,499,725 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 48.9818 | 审议结果：通过 表决情况： | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | 股东类型 | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | | | （%） | | （%） | | A 股 | 352,489,164 | 99.7528 | 647,800 | 0.1833 | 225,4 ...

Core Viewpoint - Beitou Technology has shown a mixed performance in stock price and financial metrics, with significant revenue growth but also a net loss in recent periods [2]. Group 1: Stock Performance - On February 9, Beitou Technology's stock rose by 2.08%, reaching 4.41 CNY per share, with a trading volume of 14.56 million CNY and a turnover rate of 0.20%, resulting in a total market capitalization of 7.369 billion CNY [1]. - Year-to-date, Beitou Technology's stock price has increased by 4.50%, with a 5.00% rise over the last five trading days, a 6.57% decline over the last 20 days, and a 19.19% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 23.15 million CNY on January 6, accounting for 16.47% of total trading volume [1]. Group 2: Financial Performance - As of September 30, Beitou Technology reported a shareholder count of 39,500, a decrease of 2.53% from the previous period, with an average of 42,338 circulating shares per person, an increase of 2.59% [2]. - For the period from January to September 2025, Beitou Technology achieved a revenue of 3.134 billion CNY, representing a year-on-year growth of 236.19%, while the net profit attributable to shareholders was -344 million CNY, reflecting a year-on-year increase of 43.49% [2]. Group 3: Company Overview - Beitou Technology, established on March 16, 2000, and listed on August 15, 2016, is located in Nanning, Guangxi Zhuang Autonomous Region, focusing on smart transportation and related sectors [1]. - The company's main business revenue composition is 99.29% from the cable television industry, with the remaining 0.71% from other sources [1]. - Beitou Technology is classified under the media industry, specifically in the television broadcasting sector, and is involved in concepts such as smart agriculture, mergers and acquisitions, and big data [1].

Group 1 - The company, Beitou Technology, stated that it will actively and timely disclose major events [2] - The company's performance and operational status can be followed through its regular reports [2]

Group 1 - The company, Beitou Technology, indicated on February 5 that it is planning specific adjustments to its governance structure and encourages investors to pay attention to company announcements [2]

Group 1 - The core viewpoint of the article emphasizes that the company, Beitou Technology (600936), places a high priority on the cultivation and motivation of its talent pool [1]

Group 1 - The television broadcasting sector increased by 3.15% compared to the previous trading day, with Tianwei Video leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up by 1.29%, while the Shenzhen Component Index closed at 14127.1, up by 2.19% [1] - Key stocks in the television broadcasting sector showed significant price increases, with Tianwei Video rising by 9.99% to a closing price of 9.03 [1] Group 2 - The net inflow of main funds in the television broadcasting sector was 162 million yuan, while retail funds saw a net inflow of 20.35 million yuan [1] - Tianwei Video had a main fund net inflow of 78.46 million yuan, accounting for 27.47% of its trading volume, despite a retail net outflow of 50.42 million yuan [2] - Oriental Pearl experienced a main fund net inflow of 66.38 million yuan, but also faced a retail net outflow of 4.09 million yuan [2]

Core Viewpoint - The television broadcasting sector experienced a decline of 1.79% on February 2, with the Shanghai Composite Index closing at 4015.75, down 2.48%, and the Shenzhen Component Index at 13824.35, down 2.69% [1]. Group 1: Stock Performance - The stock performance of individual companies in the television broadcasting sector showed mixed results, with notable declines in several stocks [1]. - Key performers included: - Liujin Technology (920021) with a closing price of 13.42, up 2.44% and a trading volume of 714,300 shares, totaling 983 million yuan [1]. - Jishi Media (626109) closed at 3.71, up 1.64% with a trading volume of 1,497,500 shares, totaling 563 million yuan [1]. - Other companies like Guizhou Broadcasting Network (600996) and Hubei Broadcasting (000665) saw declines of 1.02% and 1.11% respectively [1]. Group 2: Capital Flow - The television broadcasting sector saw a net outflow of 240 million yuan from main funds, while retail investors contributed a net inflow of 1.47 billion yuan [2]. - The capital flow for individual stocks indicated: - Jishi Media (601929) had a main fund net outflow of 20.56 million yuan, with retail investors contributing a net inflow of 19.35 million yuan [3]. - North Investment Technology (600936) experienced a main fund net inflow of 8.09 million yuan, while retail investors had a net outflow of 2.23 million yuan [3]. - Hubei Broadcasting (000665) faced a significant main fund net outflow of 11 million yuan, but retail investors contributed a net inflow of 10.62 million yuan [3].