Group 1 - The investor suggests launching a new product, "Free Love Xijiu," to compete alongside "Village Super Xijiu," indicating a demand for premium products in the market [1] - The investor references the success of a competitor's product, "Jiu Gui," which is sold out at a price point of 200 yuan, highlighting potential market opportunities for similar offerings [1] Group 2 - The company acknowledges the investor's suggestion and expresses gratitude for the feedback, indicating an openness to consumer input [2]

Group 1: Company Performance Forecasts - Gehua Cable expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -11.95 million and -7.97 million yuan, with a net profit excluding non-recurring gains and losses between -25.79 million and -21.81 million yuan [2][5] - Hubei Broadcasting anticipates a net loss attributable to shareholders of the listed company between -260 million and -230 million yuan, representing a year-on-year decline of 25.38% to 10.91%, with expected operating revenue of 800 million to 850 million yuan [6][7] - Shaanxi Broadcasting Network forecasts a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -315 million and -375 million yuan, with a net profit excluding non-recurring gains and losses between -325 million and -385 million yuan [8][11] - Guangxi Broadcasting expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -380 million and -317 million yuan, with a net profit excluding non-recurring gains and losses between -402 million and -335 million yuan [12][16] - Guizhou Broadcasting anticipates a net profit attributable to shareholders of the listed company for the first half of 2025 to be between -640 million and -490 million yuan, with a net profit excluding non-recurring gains and losses between -662 million and -512 million yuan [18] - Jishi Media expects a net profit attributable to shareholders of the listed company for the first half of 2025 to be between -186.59 million and -233.24 million yuan, with a net profit excluding non-recurring gains and losses between -197.15 million and -246.44 million yuan [19][22] Group 2: Reasons for Performance Changes - Gehua Cable cites the decline in the cable television industry as the main reason for its expected losses, leading to decreased maintenance fees and channel revenue [5] - Hubei Broadcasting attributes its increased losses to industry downturns, competitive market strategies reducing ARPU, and fixed costs that do not decrease proportionately with revenue [7] - Shaanxi Broadcasting Network points to user attrition in cable television and data services due to new media competition, alongside high fixed costs and financial burdens from debt and receivables [11] - Guangxi Broadcasting mentions efforts to build a "cable + 5G" business model, but faces challenges from increased competition and reduced demand for traditional television services [16] - Guizhou Broadcasting highlights intensified market competition and strict project payment requirements as key factors for its expected losses [18] - Jishi Media notes a divergence in business performance, with public customer revenue declining due to competition and changing user habits, while group customer revenue is expected to grow significantly [22]

Core Viewpoint - The company, Guizhou Broadcasting Television Information Network Co., Ltd., is forecasting a significant net loss for the first half of 2025, attributed to intensified market competition and a decline in project revenues [2][8]. Group 1: Performance Forecast - The company expects a net profit attributable to shareholders to be between -640 million yuan and -490 million yuan for the first half of 2025 [2][3]. - The forecasted net profit, excluding non-recurring gains and losses, is anticipated to be between -662 million yuan and -512 million yuan [2][3]. - The performance forecast period is from January 1, 2025, to June 30, 2025 [2]. Group 2: Previous Year Comparison - In the same period last year, the net profit attributable to shareholders was -419.26 million yuan [5]. - The net profit, after excluding non-recurring gains and losses, was -490.83 million yuan [6]. - The earnings per share for the previous year was -0.35 yuan [7]. Group 3: Reasons for Expected Loss - The anticipated loss is primarily due to increased market competition and an overall industry downturn that has not been fundamentally reversed [8]. - The company has adopted stricter and more cautious requirements for project payment guarantees, leading to a significant reduction in information technology projects, data transmission, and broadcasting installation projects [8]. - High fixed costs, including asset depreciation, amortization, credit impairment losses, and financial expenses, continue to exert pressure on profitability [8].

Guizhou Broadcasting & Television Network 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast%20Overview) The company forecasts a net loss for H1 2025, with net profit attributable to shareholders estimated between -640 million and -490 million yuan Current Period Performance Forecast | Indicator | Estimated Amount (RMB) | | :--- | :--- | | **Performance Forecast Period** | January 1, 2025 to June 30, 2025 | | **Net Profit Attributable to Shareholders** | -640 million to -490 million yuan | | **Net Profit Attributable to Shareholders (Excluding Non-Recurring Items)** | -662 million to -512 million yuan | - This performance forecast represents preliminary calculations by the company's finance department and has not yet been audited by an accounting firm[4](index=4&type=chunk) [Prior Period Performance Comparison](index=1&type=section&id=II.%20Prior%20Period%20Performance%20Overview) Compared to the prior year, the company's projected loss for H1 2025 has widened, with H1 2024 net profit attributable to shareholders at -419.26 million yuan and non-recurring adjusted net profit at -490.83 million yuan Prior Period Performance (H1 2024) | Indicator (H1 2024) | Amount (RMB) | | :--- | :--- | | **Net Profit Attributable to Shareholders** | -419.26 million yuan | | **Net Profit Attributable to Shareholders (Excluding Non-Recurring Items)** | -490.83 million yuan | | **Earnings Per Share** | -0.35 yuan | [Analysis of Projected Loss](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period's%20Projected%20Loss) The company attributes the projected loss to intensified market competition, industry downturn, reduced projects due to stricter payment terms, and high fixed costs including depreciation, amortization, credit impairment, and financial expenses - Intensified market competition and an overall industry downturn are the primary external factors contributing to the performance loss[7](index=7&type=chunk) - Stricter requirements for engineering project payment guarantees led to a significant reduction in information technology, data transmission, and broadcasting installation projects, impacting revenue[7](index=7&type=chunk) - The company faces high fixed costs, including asset depreciation and amortization, along with ongoing pressure from credit impairment losses and financial expenses[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes that this performance forecast is a preliminary, unaudited calculation based on current operations, with no material uncertainties identified that would affect its accuracy - This performance forecast is a preliminary, unaudited calculation by the company's finance department, but the company confirms no material uncertainties affecting its accuracy[8](index=8&type=chunk) [Other Explanations](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) The company advises investors that final financial data will be based on the officially disclosed 2025 semi-annual report, urging caution regarding investment risks - The final accurate financial data will be released in the company's officially disclosed 2025 semi-annual report, and investors are reminded to be aware of investment risks[9](index=9&type=chunk)

Core Insights - China Broadcasting Network (China Broadcom) is facing challenges in achieving its target of 50 million mobile users by 2025, with recent data showing a slowdown in 5G user growth [1][4][6] - The company reported a net increase of approximately 950,000 5G users in Q1 2025, a significant decrease compared to previous quarters, indicating a trend of slowing growth [1][2][3] - The overall mobile communication market is entering a saturation phase, affecting all operators, including China Broadcom, which is a new entrant with less competitive advantage compared to the three major operators [3][6] User Growth Analysis - As of March 2025, China Broadcom had 33.7 million 5G users, with a total of 207 million cable TV users [1] - The growth rate of 5G users in Q1 2025 was only 95,000, a decrease of nearly 70% compared to the previous quarter's growth [1][2] - In 2024, China Broadcom had a total user growth of over 12 million, averaging about 1 million new users per month, highlighting the recent slowdown [1][2] Market Position and Competition - In Q1 2025, China Broadcom accounted for 10% of the total new mobile users in China, despite having a smaller user base compared to the three major operators [2] - The overall mobile user growth in China has decreased, with major operators like China Mobile and China Telecom also experiencing significant drops in user acquisition [3][6] - The competitive landscape is shifting towards a focus on differentiated strategies rather than price competition, which may impact China Broadcom's user growth strategy [6] Future Prospects - To meet its target of 50 million users, China Broadcom needs to add approximately 800,000 to 900,000 users in the remaining eight months of 2025, averaging 100,000 new users per month [4][5] - The company has made significant infrastructure investments, including the deployment of over 400,000 4G/5G base stations, which could help capture market share in underserved areas [5] - Collaborations with local governments and content platforms to enhance service offerings may provide additional growth opportunities for China Broadcom [5][6]

2.本次质押的股份不存在被用作重大资产重组业绩补偿等事项的担保或其 他保障用途。 证券代码：600996 证券简称：贵广网络 公告编号：2025-038 贵州省广播电视信息网络股份有限公司 关于控股股东部分股份补充质押的公告 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： 贵州省广播电视信息网络股份有限公司（简称"公司"）控股股东贵州 广播影视投资有限公司（简称"贵广投资"）持有公司无限售条件流通 股 393,224,636 股，占截至 2025 年 3 月 31 日公司总股本 1,246,799,854 股的 31.54%。本次部分股份补充质押后，贵广投资累计质押数量为 196,425,000 股，占其所持公司股份总数的 49.95%，占控股股东及其一 致行动人累计所持公司股份总数的 42.25%，占公司总股本的 15.75%。 公司于近日收到控股股东贵广投资通知，贵广投资将其所持公司部分股份办 理了补充质押，具体事项如下。 | 股东名称 | 是否为 | 本次质押股数 | 是否为 | 是否补 | 质押 | 质 ...

证券代码：600996 证券简称：贵广网络 公告编号：2025-037 贵州省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： 二、 议案审议情况 (一)非累积投票议案 1、公司在任董事10人，出席10人； 2、公司在任监事4人，出席4人； 3、公司董事会秘书黄宗文先生出席会议；公司其他高管列席会议。 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 5 月 16 日 (二)股东大会召开的地点：贵州省贵阳市观山湖区金阳南路 36 号贵广网络大楼 4-1 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 | 379 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 682,446,005 | | 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 | 54.7358 | | 份总数的比例（%） | | (四) ...

法律意见书 致:贵州省广播电视信息网络股份有限公司 贵州省广播电视信息网络股份有限公司 2024 年年度股东大会 法 律 意 见 书 上海中联律师事务所 日期:2025年5月16日 中国 上海市浦东区陆家嘴环路 1366 号富士康大厦 7 楼、21 楼（200120） 7F,21F, Foxconn Building, No.1366 Lujiazui Ring Road, Pudong, Shanghai, P.R.C, 200120 上海中联律师事务所 关于贵州省广播电视信息网络股份有限公司 2024 年年度股东大会的 上海中联律师事务所(以下简称"本所")依法接受贵州省广播电视信息网 络股份有限公司(以下简称"公司")的委托,指派律师现场见证公司 2024年年 度股东大会(以下简称"本次股东大会"),并依据《中华人民共和国公司法》(以 下简称"《公司法》")、《中华人民共和国证券法》(以下简称"证券法")、中国证 券监督管理委员会(以下简称"中国证监会")发布的《上市公司股东会规则》 (以下简称"《股东会规则》")、《律师事务所从事证券法律业务管理办法》(以下 简称"《从业办法》")及《贵州省广播电视信 ...

1.本次部分股份解除质押的基本情况 本次解除质押股份如果后续用于其他质押业务，公司将及时进行信息披露。 证券代码：600996 证券简称：贵广网络 公告编号：2025-036 贵州省广播电视信息网络股份有限公司 关于控股股东部分股份解除质押的公告 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： 贵州省广播电视信息网络股份有限公司（简称"公司"）控股股东贵州 广播影视投资有限公司（简称"贵广投资"）持有公司无限售条件流通 股 393,224,636 股，占截至 2025 年 3 月 31 日公司总股本 1,246,799,854 股的 31.54%。本次部分股份解除质押后，贵广投资累计质押数量为 189,405,000 股，占其所持公司股份总数的 48.17%，占控股股东及其一 致行动人累计所持公司股份总数的 40.74%，占公司总股本的 15.19%。 公司于近日收到控股股东贵广投资通知，贵广投资将其所持公司部分股份办 理了解除质押，具体事项如下。 | 股东名称 | 贵州广播影视投资有限公司 | | --- | ...

2024 年年度股东大会会议资料 贵州省广播电视信息网络股份有限公司 2024年年度股东大会会议资料 二〇二五年五月 2024 年年度股东大会会议资料 会议须知 为维护全体股东合法权益，确保股东大会的正常秩序和议事效率，保证大会顺 利进行，贵州省广播电视信息网络股份有限公司（简称"公司"）根据中国证券监 督管理委员会《上市公司股东大会规则》及公司《章程》有关规定，特制定本须知。 一、股东参加股东大会，应认真履行其法定义务，不得侵犯其他股东合法权益。 二、股东大会期间，全体出席人员应以维护股东合法利益、确保大会正常秩序 和议事效率为原则，认真履行法定职责。 三、出席大会的股东及股东代表依法享有发言权、质询权、表决权等权利，但 需经公司统一安排，由公司董事、监事、高级管理人员作出解答和说明。 四、任何人不得扰乱大会正常秩序和会议程序，会议期间请关闭手机或调至静 音状态。 2 2024 年年度股东大会会议资料 目 录 | 2024 年年度股东大会议程 | 4 | | | --- | --- | --- | | 议案一：2024 年度董事会工作报告 | 6 | | | 议案二：2024 年度监事会工作报告 | 14 ...