[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a significant net loss for H1 2025, with net profit attributable to parent company shareholders ranging from -380 million to -317 million RMB 2025 Semi-Annual Performance Forecast | Project | Estimated Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -380 million to -317 million | | Net Profit After Deducting Non-Recurring Gains and Losses | -402 million to -335 million | - The data in this performance forecast has **not been audited** by a certified public accountant[3](index=3&type=chunk) [Prior Period Performance Review](index=1&type=section&id=II.%20Prior%20Period%20Performance%20Review) In H1 2024, the company reported a net loss of -378.36 million RMB, with the H1 2025 projected loss remaining largely consistent 2024 Semi-Annual Performance Review | Project | Amount (RMB) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -378.36 million | | Net Profit After Deducting Non-Recurring Gains and Losses | -393.84 million | | Earnings Per Share | -0.23 | [Main Reasons for Current Period Performance Pre-Loss](index=2&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Performance%20Pre-Loss) Losses are driven by intensified market competition, declining traditional cable TV revenue, nascent new business growth, and pressures from accounts receivable, high operating costs, and increased credit impairment - Core business revenue from cable TV viewing services declined due to intensified market competition and weakening demand for large-screen television[6](index=6&type=chunk) - New businesses, such as broadcast 5G, are still in their early development stages and have not yet generated scaled revenue to offset the decline in traditional businesses[6](index=6&type=chunk) - The company faces multiple pressures including lower-than-expected accounts receivable recovery, difficulty in reducing operating costs in the short term, and increased credit impairment losses[6](index=6&type=chunk) - The company is actively building a "Cable + 5G" new business landscape, promoting full-service integration and transformation to address challenges[6](index=6&type=chunk) [Risk Warning and Other Disclosures](index=2&type=section&id=IV.%20Risk%20Warning) The company confirms no material uncertainties affect this preliminary performance forecast, reminding investors that final financial data will be in the official 2025 semi-annual report - The company states there are no significant uncertainties affecting the accuracy of this performance forecast[6](index=6&type=chunk) - Investors are reminded that the forecast data provided is **preliminary**, and the **final data** will be based on the 2025 semi-annual report[7](index=7&type=chunk)

Core Viewpoint - Guangxi Broadcasting (600936) is expected to report a net loss attributable to shareholders of the parent company ranging from -380 million to -317 million yuan for the first half of 2025, indicating ongoing financial challenges due to market competition and declining demand for television services [1] Financial Performance - The projected net profit attributable to shareholders of the parent company for the same period last year was -378 million yuan, showing a slight improvement in the expected loss for 2025 [1] - The net profit after deducting non-recurring gains and losses is anticipated to be between -402 million and -335 million yuan, compared to -394 million yuan in the previous year [1] Business Challenges - The company faces intensified market competition and a decrease in demand for large-screen television, leading to a decline in revenue from cable television viewing services [1] - Accounts receivable collection has not met expectations, contributing to the financial strain [1] - New business ventures, such as broadcasting 5G, have yet to achieve scale, further impacting overall performance [1] - The company is experiencing difficulties in reducing operational costs and an increase in credit impairment losses, which are exacerbating the losses [1]

Core Viewpoint - Guangxi Broadcasting has successfully passed a significant asset swap proposal with a high approval rate of approximately 94.34%, marking a substantial step in its strategic shift towards the smart transportation sector [1] Group 1: Industry Challenges - The broadcasting industry is facing unprecedented challenges due to the rapid development of internet technology and the rise of new media, which have impacted traditional broadcasting revenue streams [3] - Guangxi Broadcasting's cable television revenue is declining, and its broadband business is under intense market competition, leading to compressed profit margins [3] Group 2: Asset Swap Details - The core of the asset swap involves Guangxi Broadcasting divesting 100% of Guangxi Broadcasting Technology while acquiring 51% of Guangxi Transportation Science and Technology Group, with both parties valuing the transaction at 1.411 billion yuan [3][4] - Post-transaction, the company's main business will shift from traditional broadcasting operations to smart engineering, surveying and design, testing and inspection, and new materials research and development, aligning with the national "new infrastructure" strategy [3][4] Group 3: Strength of Acquired Assets - Guangxi Transportation Science and Technology Group is recognized as a leading high-tech enterprise in Guangxi, ranking first among the top 100 high-tech companies in the region, with a focus on research and innovation [3][4] - The group covers the entire smart transportation industry chain, including intelligent engineering, surveying and design, testing and inspection, and new materials production and sales [4] Group 4: Financial Outlook - Following the transaction, Guangxi Broadcasting's projected revenue for 2024 is expected to be 3.19 billion yuan, an increase of 1.831 billion yuan compared to before the transaction, with a net profit of nearly 200 million yuan, marking a turnaround from losses [5][6] - The company's debt-to-asset ratio will significantly decrease from 91.04% to 75.76% post-transaction, indicating improved financial health [6] Group 5: Strategic Implications - The transaction is expected to enhance Guangxi's digital economy development and create a virtuous cycle of "technology research and development - scenario application - industrial cluster" [5] - With the integration of Guangxi Transportation Science and Technology Group, Guangxi Broadcasting aims to leverage technology to empower transportation, embarking on a new journey in the wave of smart China construction [6]

法律意见书 国浩律师（南宁）事务所 关于 广西广播电视信息网络股份有限公司 2025 年第二次临时股东大会的法律意见书 国浩律师（南宁）意字(2024)第 5096-2-2 号 致：广西广播电视信息网络股份有限公司 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"）接受广西广播电视信息网络股份有限公司（以下简称"广西广电"或 "公司"）的委托，指派覃锦律师、梁璐律师（以下简称"本所律师"）出席 广西广电 2025 年第二次临时股东大会（以下简称"本次股东大会"），对 本次股东大会的召集与召开程序、出席会议人员与召集人的资格、表决程 序与表决结果等重要事项出具法律意见。 法律意见书 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证 券法律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》 等规定及本法律意见书出具日以前已经发生或者存在的事实，严格履行了 法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意见合 法、准确，不存在虚假记载、 ...

法律意见书 国浩律师（南宁）事务所 关于 广西广播电视信息网络股份有限公司 2024 年年度股东大会的法律意见书 国浩律师（南宁）意字(2024)第 5096-2-1 号 致：广西广播电视信息网络股份有限公司 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"）接受广西广播电视信息网络股份有限公司（以下简称"广西广电"或 "公司"）的委托，指派覃锦律师、梁璐律师（以下简称"本所律师"）出席 广西广电 2024 年年度股东大会（以下简称"本次股东大会"），对本次股 东大会的召集与召开程序、出席会议人员与召集人的资格、表决程序与表 决结果等重要事项出具法律意见。 本所及经办律师依据《中华人民共和国证券法》《律师事务所从事证 券法律业务管理办法》和《律师事务所证券法律业务执业规则（试行）》 等规定及本法律意见书出具日以前已经发生或者存在的事实，严格履行了 法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保 证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意见合 法、准确，不存在虚假记载、误导性陈述或者重大遗漏， ...

证券代码：600936 证券简称：广西广电 公告编号：2025-042 广西广播电视信息网络股份有限公司 2025年第二次临时股东大会决议公告 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 (一)股东大会召开的时间：2025 年 06 月 30 日 (二)股东大会召开的地点：广西南宁市青秀区云景路景晖巷 8 号广西广电网络公 司 21 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 480 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 688,505,360 | | 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（%） | 57.0952 | 表决情况： | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 ...

(一)股东大会召开的时间：2025 年 06 月 30 日 (二)股东大会召开的地点：广西南宁市青秀区云景路景晖巷 8 号广西广电网络公 司 21 楼会议室 证券代码：600936 证券简称：广西广电 公告编号：2025-041 广西广播电视信息网络股份有限公司 2024年年度股东大会决议公告 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 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 542 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,150,982,235 | | 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（%） | 68.8787 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长谢向阳先生主持会议，出席会议人员的资格、 会议的表决方式和程序均符合《 ...

Core Insights - The launch of the 2025 "Hi View" platform aims to promote the innovative application of Artificial Intelligence Generated Content (AIGC) technology in Cambodia's cultural industry [1][2] - The platform is a collaborative effort between Chinese and Cambodian enterprises, focusing on cultural exchange and the integration of digital technology in storytelling [2][3] Group 1: Platform Launch and Objectives - The 2025 "Hi View" platform was officially launched in Phnom Penh, Cambodia, with participation from various cultural and media representatives [1] - The platform seeks to establish a cultural digital content platform that promotes Chinese AIGC production technology and application scenarios [1][2] - The initiative aims to foster cooperation and integration between China and ASEAN countries in the cultural industry, particularly in audiovisual content [1] Group 2: Collaborative Efforts and Innovations - The Cambodian Ministry of Culture and Arts expressed strong support for the "Hi View" platform, highlighting the advantages of collaboration between Chinese technical support and Cambodian cultural expertise [1] - The platform's launch is seen as a new starting point for cultural dialogue between China and Cambodia, embodying the vision of mutual understanding and cooperation [2] - AIGC technology will be utilized to create various content forms, including AI-generated short dramas and cultural videos showcasing Chinese stories [2] Group 3: Agreements and Future Developments - A cooperation agreement was signed between the Cambodian New Media Association and Yao Xiang Culture to develop AIGC technology applications in Cambodia's cultural and tourism sectors [3] - The first Cambodian artist, Ma Zhanbanna, signed on to create a personalized AI digital artist image and AI-produced MTV on the "Hi View" platform [3]

中信证券股份有限公司 关于广西广播电视信息网络股份有限公司重大资产置换暨关联 交易相关主体买卖股票情况自查报告的专项核查意见 广西广播电视信息网络股份有限公司（以下简称"广西广电"或"公司"） 拟将其持有的全资子公司广西广电网络科技发展有限公司（以下简称"广电科技"） 100%股权与广西北部湾投资集团有限公司（以下简称"北投集团"）持有的广 西交科集团有限公司（以下简称"交科集团"）51%股权进行置换，本次置入资 产和置出资产的交易作价不存在差额，不涉及发行股份购买资产，不涉及支付现 金对价（以下简称"本次交易"或"本次重组"）。 中信证券股份有限公司（以下简称"中信证券"或"独立财务顾问"）作为 广西广电本次交易的独立财务顾问，根据《上市公司重大资产重组管理办法》《公 开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资产重组》 《上市公司监管指引第 5 号——上市公司内幕信息知情人登记管理制度》《监管 规则适用指引——上市类第 1 号》《上市公司监管指引第 7 号—上市公司重大资 产重组相关股票异常交易监管》及监管部门的相关要求，对本次交易相关内幕信 息知情人二级市场买卖上市公司股票的情况 ...

证券代码：600936 证券简称：广西广电 编号：2025-040 广西广播电视信息网络股份有限公司 关于重大资产置换暨关联交易相关主体买卖股票情况 自查报告的公告 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。 重要内容提示： 自查期间内相关主体对公司股票的买入、卖出行为与本次交易无关联，不存 在利用本次交易内幕信息从事证券交易的行为。在上述机构和人员所述情况 属实的情况下，相关买卖公司股票行为对本次交易不构成实质性障碍。 广西广播电视信息网络股份有限公司（以下简称"广西广电"或"公司"） 拟将其持有的全资子公司广西广电网络科技发展有限公司（以下简称"广电科技"） 100%股权与广西北部湾投资集团有限公司（以下简称"北投集团"）持有的广 西交科集团有限公司（以下简称"交科集团"）51%股权进行置换，本次置入资 产和置出资产的交易作价不存在差额，不涉及发行股份购买资产，不涉及支付现 金对价（以下简称"本次交易"或"本次重组"）。 根据《上市公司重大资产重组管理办法》《公开发行证券的公司信息披露内 容与格式准则第 26 号——上 ...