证券代码：000156 证券简称：华数传媒 公告编号：2025-041 华数传媒控股股份有限公司 关于 2025 年度第三期超短期融资券发行结果的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 华数传媒控股股份有限公司（以下简称"公司"）分别于2025年4月29日、2025 年5月15日召开第十一届董事会第二十四次会议及2025年第一次临时股东大会审 议通过《关于申请注册发行超短期融资券的议案》，同意公司继续向中国银行间 市场交易商协会申请注册发行超短期融资券，申请注册金额10亿元。2025年8月5 日，中国银行间市场交易商协会出具《接受注册通知书》（中市协注〔2025〕SCP202 号），同意接受公司超短期融资券的注册，注册金额为人民币10亿元，注册额度 自该《接受注册通知书》落款之日起2年内有效。 本次超短期融资券发行相关文件详见中国货币网（www.chinamoney.com.cn） 和上海清算所网（www.shclearing.com.cn）。 经查询，截至本公告日，公司不是失信责任主体。 特此公告。 近日，公司已完成2025年度第三期超短期融资 ...

Core Viewpoint - The company has successfully issued a short-term financing bond, indicating its ability to raise funds in the market and manage its financial obligations effectively [1] Group 1: Financing Details - The company has received approval from the board and shareholders to register for the issuance of short-term financing bonds, with the registration accepted by the China Interbank Market Dealers Association [1] - The recently completed bond issuance is referred to as "25华数传媒SCP003," with a total issuance amount of 50 million yuan and an interest rate of 1.54% [1] - The bond has a term of 269 days, with the interest start date on September 2, 2025, and the maturity date on May 29, 2026 [1] Group 2: Subscription Information - There were 8 compliant subscription applications totaling 70 million yuan, while 4 effective subscriptions amounted to 50 million yuan [1] - The book manager and lead underwriter for this bond issuance is Industrial Bank, with China Everbright Bank serving as a co-lead underwriter [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]

Core Viewpoint - The recent financial report of Huashu Media shows a modest growth in revenue and net profit, with significant concerns regarding accounts receivable levels and overall return on investment metrics [1][3][4]. Financial Performance - For the first half of 2025, the company reported total revenue of 4.435 billion yuan, an increase of 2.07% year-on-year, and a net profit attributable to shareholders of 254 million yuan, up 4.63% year-on-year [1][4]. - The second quarter revenue was 2.316 billion yuan, reflecting a year-on-year increase of 0.7, while net profit for the same period was 123 million yuan, showing a decline of 6.0% [1]. - The gross profit margin was 29.62%, down 6.13% year-on-year, while the net profit margin increased to 5.77%, up 3.16% year-on-year [1][3]. Accounts Receivable and Debt - The company's accounts receivable reached 2.198 billion yuan, representing 411.56% of the net profit, indicating a high level of receivables relative to earnings [1][4]. - The company reported a decrease in interest-bearing debt to 705 million yuan, down 21.32% year-on-year, suggesting improved debt management [1]. Operational Efficiency - The total of selling, administrative, and financial expenses was 761 million yuan, accounting for 17.16% of revenue, a decrease of 5.35% year-on-year [1]. - The return on invested capital (ROIC) for the previous year was 2.48%, indicating weak capital returns, with a historical median ROIC of 5.11% over the past decade [3]. Business Model and Growth Drivers - The company's performance is primarily driven by research and development as well as marketing efforts, necessitating a deeper analysis of these underlying drivers [3]. - The growth in revenue is attributed to advancements in broadcasting 5G and digital cultural tourism sectors [4][5].

Core Points - The company has not distributed cash dividends or bonus shares during the reporting period [3] - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period [5][6] - The board of directors and the supervisory board have approved the 2025 semi-annual report and its summary [10][19] Financial Data - The company raised a total of RMB 653,609.88 million through a non-public offering of 286,671,000 shares at a price of RMB 22.80 per share [25] - The net amount raised after deducting issuance costs was RMB 650,659.88 million [25] - As of June 30, 2025, the company has established 8 special accounts for the management of raised funds [27] Asset Impairment - The company has recognized an asset impairment provision amounting to RMB 61,679,928.28 for the first half of 2025 [34] - The impairment provision reflects a cautious approach in accordance with accounting standards [36] - The company has implemented measures to pursue outstanding receivables [35]

每经AI快讯，华数传媒（SZ 000156，收盘价：8.36元）8月30日发布公告称，本次计提的资产减值准备 将减少公司2025年半年度利润约6168万元，该影响已在公司2025年半年度财务报告中反映。 每经头条（nbdtoutiao）——近120个品牌、1600辆车逐鹿西南！下半年国内首个A级车展开幕：新能 源"第三极"将改写车市格局 （记者 胡玲） 2025年1至6月份，华数传媒的营业收入构成为：信息传播行业占比100.0%。 ...

Core Insights - The company Huashu Media (000156.SZ) reported a revenue of 4.435 billion yuan for the first half of 2025, representing a year-on-year growth of 2.07% [1] - The net profit attributable to shareholders of the listed company was 254 million yuan, showing a year-on-year increase of 4.63% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 216 million yuan, which reflects a year-on-year growth of 18.62% [1] - The basic earnings per share stood at 0.1371 yuan [1]

Core Viewpoint - Huashu Media (000156.SZ) reported a slight increase in revenue and net profit for the first half of 2025, indicating stable growth in its operations [1] Financial Performance - The company achieved an operating revenue of 4.435 billion yuan, representing a year-on-year growth of 2.07% [1] - The net profit attributable to shareholders was 254 million yuan, showing a year-on-year increase of 4.63% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 216 million yuan, reflecting a year-on-year growth of 18.62% [1] - Basic earnings per share were reported at 0.1371 yuan [1]

华数传媒控股股份有限公司 法定代表人：鲍林强 主管会计工作的负责人： 车通 会计机构负责人：徐荣华 单位：万元 | 非经营性资金 | | 占用方与上市公 | 上市公司核 | 2025 年期初占 | 2025 年半年度 占用累计发生 | 2025 年半年 度占用资金 | 2025 年半年度 | 2025 年半年 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 占用 | 资金占用方名称 | 司的关联关系 | 算的会计科 | 用资金余额 | 金额 （不含利 | 的利息（如 | 偿还累计发生 | 度期末占用资 | 占用形成原因 | 占用性质 | | | | | 目 | | | | 金额 | 金余额 | | | | | | | | | 息） | 有） | | | | | | 控股股东、实 | | | | | | | | | | | | 际控制人及其 | | | | | | | | | | | | 附属企业 | | | | | | | | | | | | 小计 | - | - | - | - | - | - | - | ...

证券代码：000156 证券简称：华数传媒 公告编号：2025-040 华数传媒控股股份有限公司 为客观反映公司财务状况，根据《企业会计准则》等相关规定，华数传媒控 股股份有限公司（以下简称"公司"）对各类资产进行了分析和评估，经减值测 试后，公司认为部分资产存在一定的减值损失迹象。基于谨慎性原则，公司根据 减值测试的结果对可能存在减值迹象的资产计提减值准备。具体计提情况如下： | 类型 | 项目 | 2025 年 | 1-6 月计提减值 准备金额（元） | | --- | --- | --- | --- | | 信用减值损失（损失以负数填列） | 坏账损失 | | -45,805,168.84 | | 资产减值损失（损失以负数填列） | 存货跌价损失及合同履约 成本减值损失 | | -231,408.47 | | | 合同资产减值损失 | | -15,643,350.97 | | 合计 | | | -61,679,928.28 | 二、计提减值准备具体方法的说明 （一）应收款项和合同资产 1、按信用风险特征组合计提预期减值准备的应收款项和合同资产 | 组合类别 | | | | 确定组合的依据 | 计量预期信 ...