表决结果：同意 9 票，反对 0 票，弃权 0 票。 特此公告。 江苏省广电有线信息网络股份有限公司 第六届董事会第十一次会议决议公告 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。 江苏省广电有线信息网络股份有限公司（以下简称"公司"）于 2025 年 9 月 15 日以通讯方式在南京市召开第六届董事会第十一次会议。会议应参与表决 董事 9 名，实参与表决董事 9 名，本次会议的召开符合《江苏省广电有线信息网 络股份有限公司章程》及《江苏省广电有线信息网络股份有限公司董事会议事规 则》的规定。会议以记名投票方式审议通过以下决议： 一、审议并通过了《江苏有线关于全资子公司建设"省政务云"项目的议案》。 为满足省政务云资源服务需求，公司全资子公司江苏有线数据网络有限责任 公司拟开展省政务云建设项目。项目内容包括计算资源、专用容器服务、GPU 服 务器的 AI 计算能力、国产化数据库和操作系统等。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 二、审议并通过了《关于修订<江苏省广电有线信息网络股份有限公司总经 理工作细则> ...

Market Overview - The television broadcasting sector increased by 1.61% compared to the previous trading day, with Jishi Media leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - Jishi Media (601929) closed at 6.11, up 5.89%, with a trading volume of 6.35 million shares and a turnover of 3.8 billion yuan [1] - Gehua Cable (600037) closed at 8.51, up 2.78%, with a trading volume of 266,600 shares and a turnover of 226 million yuan [1] - Tianwei Video (002238) closed at 8.58, up 1.18%, with a trading volume of 60,700 shares and a turnover of 51.89 million yuan [1] - Hubei Broadcasting (000665) closed at 6.13, up 0.82%, with a trading volume of 255,400 shares and a turnover of 156 million yuan [1] - Other notable stocks include Dongfang Mingzhu (600637) and Jiangsu Cable (600959), which saw minor increases of 0.35% and 0.26% respectively [1] Capital Flow Analysis - The television broadcasting sector experienced a net outflow of 24.26 million yuan from institutional investors, while retail investors saw a net inflow of 21.2 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Detailed Capital Flow for Selected Stocks - Hubei Broadcasting (000665) had a net inflow of 25.62 million yuan from institutional investors, while retail investors had a net outflow of 11.75 million yuan [3] - Jishi Media (601929) saw a net inflow of 21.80 million yuan from retail investors, despite a significant outflow of 169 million yuan from institutional investors [3] - Guangxi Broadcasting (600936) had a net inflow of 8.35 million yuan from institutional investors, while retail investors experienced a net outflow of 8.37 million yuan [3]

Market Overview - The television broadcasting sector increased by 0.35% compared to the previous trading day, with Oriental Pearl leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up by 1.65%, while the Shenzhen Component Index closed at 12979.89, up by 3.36% [1] Individual Stock Performance - Oriental Pearl (600637) closed at 69.8, rising by 1.88% with a trading volume of 837,900 shares and a transaction value of 717 million yuan [1] - Other notable stocks include: - Haoliang Co. (301262) at 25.63, up by 1.10% [1] - Guiguang Network (600996) at 8.28, up by 0.61% [1] - Tianwei Video (002238) at 8.48, up by 0.59% [1] - Wireless Media (301551) at 49.00, up by 0.51% [1] Capital Flow Analysis - The television broadcasting sector experienced a net outflow of 164 million yuan from institutional investors and 122 million yuan from speculative funds, while retail investors saw a net inflow of 286 million yuan [2] - The capital flow for individual stocks shows: - Oriental Pearl had a net inflow of 43.39 million yuan from institutional investors, but a net outflow of 25.59 million yuan from speculative funds [3] - New Media Co. (300770) had a net inflow of 1.88 million yuan from institutional investors, with a significant outflow from speculative funds [3] - ST Guangwang (600831) faced a net outflow of 6.43 million yuan from institutional investors [3]

Market Overview - The television broadcasting sector increased by 2.1% compared to the previous trading day, with Jiangsu Cable leading the gains [1] - The Shanghai Composite Index closed at 3826.84, up 0.38%, while the Shenzhen Component Index closed at 12666.84, up 0.61% [1] Individual Stock Performance - Jiangsu Cable (600959) closed at 3.76, up 5.62% with a trading volume of 1.67 million shares and a transaction value of 6.33 billion [1] - Gehua Cable (600037) closed at 9.10, up 3.88% with a trading volume of 312,700 shares and a transaction value of 282 million [1] - Oriental Pearl (600637) closed at 8.61, up 2.62% with a trading volume of 441,600 shares and a transaction value of 375 million [1] - Other notable stocks include Liujin Technology (834021) at 7.82 (+2.49%), and Electric Broadcasting Media (000917) at 7.70 (+1.85%) [1] Capital Flow Analysis - The television broadcasting sector experienced a net outflow of 378 million from institutional investors, while retail investors saw a net inflow of 377 million [1] - The capital flow for individual stocks shows that Oriental Pearl had a net inflow of 37.62 million from institutional investors, but a net outflow of 28.36 million from retail investors [2] - Jiangsu Cable had a net inflow of 30.52 million from institutional investors, with a net outflow of 36.44 million from retail investors [2]

Core Insights - Jiangsu Cable's subsidiary, Ruihui Capital, has completed a strategic investment in Honghu Wanlian (Jiangsu) Technology Development Co., Ltd, marking the company's first round of market-oriented financing [1] - Other investors in this round include Jiangsu Gaotou and Yida Capital, indicating strong interest from various investment entities [1] - Honghu Wanlian was established in 2022 by Ruijun Power, Huawei Hubble, and Wuxi New Investment Jinshi, focusing on the research and industrialization of the open-source Harmony operating system [1] - The core product, SwanLinkOS, has achieved multi-instruction set cross-architecture adaptation and is widely applied in key infrastructure sectors such as smart mining, transportation, public security, and education [1]

Market Overview - The television broadcasting sector experienced a decline of 2.66% on the trading day, with the leading stock, Gehua Cable, falling significantly [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Stock Performance - Key stocks in the television broadcasting sector showed varied performance, with ST Guangwang rising by 1.24% to a closing price of 4.89, while Gehua Cable dropped by 5.92% to 9.06 [2] - The trading volume and turnover for major stocks included: - ST Guangwang: 102,700 shares, turnover of 49.72 million yuan - Gehua Cable: 545,000 shares, turnover of 506 million yuan [2] Capital Flow Analysis - The television broadcasting sector saw a net outflow of 1.168 billion yuan from main funds, while retail investors contributed a net inflow of 821 million yuan [2] - The capital flow for specific stocks indicated that: - Huashu Media had a main fund net inflow of 7.18 million yuan, but retail investors had a net outflow of 4.24 million yuan [3] - Gehua Cable experienced a significant main fund net outflow of 32.21 million yuan [3]

Group 1 - The television broadcasting sector experienced a decline of 0.72% compared to the previous trading day, with Hubei Broadcasting leading the drop [1] - On the same day, the Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] - The table of individual stocks in the television broadcasting sector shows varied performance, with Jishi Media leading with a closing price of 4.55, up 9.90% [1] Group 2 - The net inflow of main funds in the television broadcasting sector was 342 million yuan, while retail funds saw a net outflow of 157 million yuan [1] - The stock performance of various companies in the sector indicates mixed investor sentiment, with some stocks like Jishi Media showing significant gains while others like Jiangsu Cable and Huashu Media experienced declines [1]

Core Viewpoint - Jiangsu Broadcasting Cable Information Network Corporation Limited reported a 4.25% increase in operating revenue for the first half of 2025 compared to the same period in 2024, reaching approximately 4.14 billion yuan, with a notable 35.24% rise in net profit attributable to shareholders [2][4]. Company Overview and Financial Indicators - The company operates in the cable television transmission industry, focusing on the construction and operation of broadcasting networks, data broadband services, and digital television value-added services [3][4]. - Key financial metrics for the first half of 2025 include: - Operating revenue: 4,144,081,077.78 yuan, up 4.25% from 3,975,130,214.75 yuan in the previous year - Total profit: 241,423,521.19 yuan, a 2.38% increase from 235,810,653.53 yuan - Net profit attributable to shareholders: 202,670,637.62 yuan, up 35.24% from 149,854,701.08 yuan [2][3]. Business Operations and Market Strategy - The company emphasizes user-centered service and has implemented various marketing strategies to enhance customer engagement and service quality [4][10]. - Significant growth was observed in broadband revenue, which increased by over 40.06%, and 5G business revenue surged by 175%, with over 3 million users [4][5]. - The company is actively pursuing the integration of cable and 5G services, aiming to create a comprehensive service ecosystem [3][4]. Risk Management and Compliance - The company has established a robust risk management framework to ensure compliance and mitigate potential risks associated with its operations [7][14]. - Continuous efforts are made to enhance internal controls and compliance systems, focusing on areas such as procurement, project management, and financial oversight [13][14]. Future Outlook and Development Plans - The company plans to further develop its "45189" plan for government and enterprise services, aiming for quality improvement and reasonable growth [12]. - Ongoing reforms are expected to enhance operational efficiency and market responsiveness, with a focus on grassroots unit empowerment and innovative business development [11][12].

Core Viewpoint - Jiangsu Broadcasting Cable Information Network Co., Ltd. reported a slight increase in total assets and revenue for the first half of 2025, indicating stable growth in its operations [1]. Financial Performance - Total assets at the end of the reporting period reached approximately 37.70 billion yuan, an increase of 0.49% compared to the end of the previous year [1]. - Operating revenue for the period was approximately 4.14 billion yuan, reflecting a growth of 4.25% year-on-year [1]. - Total profit amounted to approximately 241.42 million yuan, which is a 2.38% increase from the previous year [1]. - The net profit attributable to shareholders of the listed company showed a significant decrease, with a loss of approximately 7.89 million yuan compared to a loss of about 70.95 million yuan in the same period last year [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 99,514 [1]. - The top ten shareholders include Jiangsu Guojin Group Information Network Investment Co., Ltd. and Jiangsu Hengtong Optic-Electric Co., Ltd., with shareholding percentages of 1.37% and 0.97%, respectively [2][3]. Debt Instruments - The company issued various bonds, including a public offering of corporate bonds with a total amount of 3 billion yuan and an interest rate of 3.2% [4]. - The company also issued short-term financing bonds with varying interest rates, indicating active management of its debt portfolio [5].

Core Points - The company held its sixth board meeting on August 22, 2025, where all 9 participating directors voted on various resolutions [1] - The board approved the 2025 semi-annual report and summary, with unanimous support [1] - A resolution was passed to absorb and merge the wholly-owned subsidiary Jiangsu Performing Arts Network Co., Ltd. to optimize asset structure and reduce operational costs [2] - Several amendments to internal management regulations were approved, including updates to the board secretary work guidelines, related party transaction management, insider information registration, fundraising management, and prevention of fund occupation by controlling shareholders [3][5] Detailed Summaries - The board meeting was conducted in accordance with the company's articles of association and voting rules, with all directors present [1] - The merger of Jiangsu Performing Arts Network Co., Ltd. will not change the company's name, registered capital, or shareholding structure, and all assets and liabilities will be inherited by the company [2] - The board also approved the evaluation report for the 2024 "Quality Improvement and Efficiency Enhancement" special action plan [5]