Core Viewpoint - Guizhou Broadcasting Network's stock has experienced fluctuations, with a recent decline of 2.00%, and the company has seen a significant drop in revenue and net profit year-on-year [1][2]. Company Overview - Guizhou Broadcasting Network, established on March 26, 2008, and listed on December 26, 2016, is based in Guiyang, Guizhou Province. The company specializes in broadcasting services, digital TV value-added services, data services, and related engineering and installation [2]. - The revenue composition includes: data services (39.74%), basic viewing services (31.22%), other services (10.57%), engineering and installation (9.63%), value-added services (4.50%), merchandise sales (2.10%), program transmission (1.17%), and other (1.07%) [2]. Financial Performance - For the period from January to September 2025, Guizhou Broadcasting Network reported a revenue of 895 million yuan, a year-on-year decrease of 27.63%, and a net profit attributable to shareholders of -815 million yuan, down 19.98% year-on-year [2]. - The company has distributed a total of 452 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 13.52% to 52,700, with an average of 23,669 circulating shares per shareholder, a decrease of 11.91% [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with respective holdings of 7.6863 million shares and 6.8311 million shares [3].

证券日报网讯贵广网络11月13日在互动平台回答投资者提问时表示，公司高度重视风险管理工作，并建 立了风险管控体系，通过风险评估识别潜在风险，并制定相应的应对措施，以实现早预判、严管控、妥 处置的目标。 （文章来源：证券日报） ...

（原标题：贵广网络(600996.SH)：未发生拖欠贷款利息的情况） 格隆汇11月13日丨贵广网络(600996.SH)在投资者互动平台表示,公司正在加大拓展业务、降本增效、加 大回款力度等措施，努力提高公司盈利能力。目前，公司未发生拖欠贷款利息的情况。 ...

证券日报网讯贵广网络（600996）11月13日在互动平台回答投资者提问时表示，公司将持续巩固和筑牢 综合信息服务这一主责主业，同时加快布局和推动"文旅融合、科技智算和行业服务"三大业务板块，打 造新质生产力，推动公司实现融合创新高质量发展。 ...

Core Viewpoint - Guiguan Network (600996) is in the early stages of developing its smart broadcasting and big data businesses, which currently do not significantly impact the company's performance [1] Business Operations - The company's primary business remains cable digital television viewing services, which include on-demand and advertising services based on cable television [1] - Additional services include broadband access, 5G mobile communication, data transmission for enterprises (such as bank dedicated lines, Tianwang project, and Xueliang project), and information system integration construction [1] Future Growth - The company aims to continuously innovate and explore new business growth points to create long-term and stable value for all shareholders [1]

证券日报网讯贵广网络（600996）11月13日在互动平台回答投资者提问时表示，贵州广电与中国移动 （600941）深入开展合作，目前5G网络已实现全省9个市州主城区的连续覆盖，以及县级行政区与行政 村的基本全覆盖。公司将依托"电视+宽带+手机"融合产品策略，进一步推进5G业务的规模化发展与市 场渗透。 ...

Group 1 - The cultural media sector experienced a surge, with GuiGuang Network approaching the daily limit increase [1] - XuanYa International, TianXiaXiu, and FenZhong Media also saw gains alongside GuiGuang Network [1]

Core Points - Guizhou Broadcasting Network Co., Ltd. experienced a stock price increase of 6.83%, reaching 9.86 CNY per share, with a total market capitalization of 12.293 billion CNY [1] - The company, established on March 26, 2008, and listed on December 26, 2016, primarily engages in broadcasting and television services, digital TV value-added services, data services, and related engineering and installation [1] - The revenue composition of the company includes data services (39.74%), basic viewing services (31.22%), other services (10.57%), engineering and installation (9.63%), value-added services (4.50%), merchandise sales (2.10%), program transmission (1.17%), and other supplementary services (1.07%) [1] Shareholder Information - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Guizhou Broadcasting Network, having reduced its holdings by 59,700 shares in the third quarter, now holding 6.8311 million shares, which is 0.55% of the circulating shares [2] - The ETF has achieved a year-to-date return of 28.07%, ranking 1919 out of 4216 in its category, and a one-year return of 16.08%, ranking 2359 out of 3937 [2] Fund Management - The fund manager of Southern CSI 1000 ETF (512100) is Cui Lei, who has been in the position for 7 years and 7 days, managing a total asset size of 122.76 billion CNY [3] - During Cui Lei's tenure, the best fund return was 179.77%, while the worst return was -15.93% [3]

Market Overview - The television broadcasting sector increased by 0.18% compared to the previous trading day, with Jishi Media leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Jishi Media (601929) closed at 4.47, up 5.67%, with a trading volume of 6.6973 million shares and a transaction value of 2.989 billion [1] - Hailiang Co. (301262) closed at 26.13, up 2.39%, with a trading volume of 100,700 shares and a transaction value of 262 million [1] - Wireless Media (301551) closed at 38.46, up 1.58%, with a trading volume of 62,900 shares and a transaction value of 24.2 million [1] - Other notable stocks include Liujin Technology (920021) at 6.97 (+1.46%), Huashu Media (000156) at 8.08 (+0.87%), and Dianguang Media (000917) at 8.62 (+0.58%) [1] Capital Flow - The television broadcasting sector saw a net inflow of 117 million from institutional investors, while retail investors experienced a net outflow of 94.8857 million [2][3] - Jishi Media had a net inflow of 32.2 million from institutional investors, but a net outflow of 102 million from retail investors [3] - Other stocks like Hailiang Co. and Dianguang Media also experienced mixed capital flows, with Hailiang Co. seeing a net inflow of 22.8323 million from institutional investors [3]

Core Viewpoint - Guizhou Broadcasting Network experienced a decline in stock price and significant net outflow of funds, indicating potential investor concerns about its financial performance and market position [1][2]. Financial Performance - For the period from January to September 2025, Guizhou Broadcasting Network reported revenue of 895 million yuan, a year-on-year decrease of 27.63%, and a net profit attributable to shareholders of -815 million yuan, a year-on-year decrease of 19.98% [2]. - The company has not distributed any dividends in the past three years, with a total payout of 452 million yuan since its A-share listing [3]. Stock Market Activity - As of November 10, the stock price was 9.46 yuan per share, with a market capitalization of 11.795 billion yuan. The stock has increased by 10.64% year-to-date but has seen a decline of 3.17% over the last five trading days [1]. - The company has appeared on the "龙虎榜" three times this year, with the most recent appearance on September 24, where it recorded a net buy of -23.7354 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 13.52% to 52,700, while the average circulating shares per person decreased by 11.91% to 23,669 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with changes in their holdings noted [3]. Business Overview - Guizhou Broadcasting Network, established in March 2008 and listed in December 2016, focuses on broadcasting and television services, with its main revenue sources being data services (39.74%) and basic viewing services (31.22%) [2]. - The company operates within the media industry, specifically in the television broadcasting sector, and is involved in various concepts such as data centers, 5G, and cloud computing [2].