证券代码：002238 证券简称：天威视讯 公告编号：2020－051 深圳市天威视讯股份有限公司 关于参加 2020 深圳辖区上市公司投资者网上集体接待日活动的 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。 为进一步加强与投资者的互动交流工作，深圳市天威视讯股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"诚实守信，做受尊重的上市公司"——2020 深圳辖区上市公司投资者网 上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 • 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经，参与公司本次投资者集 体接待日活动，活动时间为 2020 年 12 月 8 日 9:00 至 17:00，其中公司与投资 者网上互动的活动时间为 15:30 至 17:00。 届时公司财务总监王兴、副总经理兼董事会秘书林杨将通过网络文字交流形 式与投资者 ...

Financial Performance - Operating revenue for the reporting period was ¥355,987,220.58, down 7.54% year-on-year, while year-to-date revenue increased by 7.67% to ¥1,241,582,265.89[7] - Net profit attributable to shareholders of the listed company was ¥29,139,712.69, a decrease of 45.27% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥9,898,200.25, down 73.80% year-on-year[7] - Basic earnings per share decreased by 45.25% to ¥0.0363[7] - The weighted average return on net assets was 1.36%, down 0.99% compared to the previous year[7] - Total operating revenue for the current period is CNY 212,077,666.93, a decrease of 5.4% compared to CNY 223,723,171.25 in the previous period[81] - Net profit for the current period was ¥124,529,233.18, a decrease of 21.41% from ¥158,442,954.95 in the previous period[92] - Basic earnings per share decreased to ¥0.1598 from ¥0.1999, representing a decline of 20.10%[92] - The total comprehensive income amounted to approximately ¥492.38 million, compared to ¥274.42 million in the previous period, reflecting a strong performance[103] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,812,020,622.30, a decrease of 0.31% compared to the end of the previous year[7] - Total liabilities reached CNY 1,564,759,526.34, compared to CNY 1,079,725,202.42, indicating a rise of 45%[60] - Current liabilities totaled CNY 1,369,132,862.34, an increase of 39.2% from CNY 983,767,797.85[60] - Non-current liabilities amounted to CNY 195,626,664.00, up from CNY 95,957,404.57, reflecting a significant increase of 104.5%[60] - The company's total assets as of September 30, 2020, were CNY 3,812,020,622.30, slightly down from CNY 3,823,730,265.20 at the end of 2019[56] - The company has a short-term loan of CNY 200,000,000.00 as of September 30, 2020[56] - The company has a contract liability of CNY 369,868,778.08, indicating future obligations[56] - Total liabilities were reported at $1.08 billion, with current liabilities comprising $983.77 million[122] Cash Flow - Net cash flow from operating activities increased significantly by 319.42% to ¥137,117,274.73 for the reporting period[7] - Net cash flow from operating activities increased by 107.47% to ¥273 million, driven by social security reductions and increased cash receipts from engineering projects[20] - Cash inflow from operating activities totaled approximately ¥1.32 billion, up from ¥1.21 billion year-over-year, reflecting a growth of about 8.5%[106] - Cash outflow from investment activities resulted in a net cash flow of -¥48.30 million, compared to -¥5.74 million in the previous period, indicating increased investment expenditures[109] - Cash inflow from financing activities was ¥300 million, while cash outflow for debt repayment and dividends was ¥621.27 million, leading to a net cash flow of -¥321.27 million[109] Shareholder Equity - Net assets attributable to shareholders of the listed company decreased by 18.46% to ¥2,160,152,989.33[7] - The company’s capital reserve decreased by 83.99% to ¥35 million, as capital reserves were transferred to share capital[20] - The company’s unallocated profits decreased by 32.26% to ¥1,027 million, due to significant cash dividend distributions this year[20] - The total equity attributable to shareholders was CNY 2,160,152,989.33, down from CNY 2,649,217,586.72, a decrease of 18.5%[63] - Owner's equity totaled approximately $2.37 billion, with retained earnings of $889.73 million and capital reserves of $593.90 million[134] Investments and Subsidiaries - The company invested RMB 98 million to hold a 49% stake in the newly established joint venture "Shenzhen City Wisdom Communication Co., Ltd." with Shenzhen Zhicheng, which contributed RMB 102 million for a 51% stake[29] - The company committed RMB 95 million to subscribe for shares in the "Qianhai Tianhe Cultural Industry Investment Fund," which focuses on high-quality cultural projects in China[29] - The company approved the establishment of four wholly-owned subsidiaries for building internet data centers, with a total investment of RMB 12 million, allocating RMB 3 million to each subsidiary[32] - The company has invested approximately $689.03 million in fixed assets and $293.76 million in intangible assets[128] Government Subsidies and Other Income - The company received government subsidies amounting to ¥22,931,986.61 during the year-to-date period[7] - Other income grew by 85.44% to ¥22 million, mainly due to increased government subsidies for the 4K project[20] - Other income for the current period was ¥22,931,986.61, significantly higher than ¥12,365,932.78 in the previous period, reflecting an increase of 85.56%[92]

User Base and Market Trends - As of the end of Q1 2020, the number of digital cable TV paying users in China was 142 million, a net decrease of 1.962 million users compared to the end of 2019, indicating a continuous user loss of 4.66% for the company's digital TV user terminals in the first half of the year[5] - The company's television shopping business continues to decline due to changing user habits and the impact of the pandemic, necessitating a transition to a B2B2C e-commerce model[7] - The broadband market experienced its first negative growth, with a total of 41.869 million broadband household users, down 577,000 from the end of 2019[31] - The company continues to face challenges in the cable television market, with a decline in paid cable TV users to 142 million, a decrease of 1.962 million users compared to the end of 2019[31] - The company remains the leading provider of digital television services in Shenzhen, maintaining a strong market share despite industry challenges[33] Financial Performance - The company's operating revenue for the reporting period was ¥885,595,045.31, representing a 15.29% increase compared to ¥768,163,406.09 in the same period last year[23] - The net profit attributable to shareholders was ¥99,148,889.92, a decrease of 7.52% from ¥107,215,838.59 year-on-year[23] - The net cash flow from operating activities increased by 67.45% to ¥136,080,704.45, up from ¥81,268,478.68 in the previous year[23] - The total assets at the end of the reporting period were ¥3,734,682,589.21, down 2.33% from ¥3,823,730,265.20 at the end of the previous year[23] - The net assets attributable to shareholders decreased by 19.56% to ¥2,131,013,276.64 from ¥2,649,217,586.72 at the end of the previous year[23] Investment and Development Plans - The company plans to achieve a minimum of 36% FTTH (Fiber to the Home) coverage in standard residential areas by the end of 2020, with a goal of full coverage within three years[9] - The company aims to increase the fiber penetration rate in covered residential areas by 10% compared to 2019, and to complete network upgrades for all fiber nodes in standard residential areas with over 220 users by the end of the year[9] - The company is forming a dedicated 5G team to explore the integration of 5G technology with cable networks and is seeking policy support from relevant authorities[8] - The company is actively involved in the construction of a 5G trial network, aiming to cover over 95% of the population by 2021[32] - The company is increasing its investment in digital television network upgrades and construction of cable television hub buildings[34] Content and User Experience - The company is focusing on developing high-quality content in entertainment, sports, gaming, health, and education to address user needs and improve user experience[5] - The company introduced over 20,000 hours of new content during the reporting period, further enriching its content offerings[41] - The company is committed to building a unified and efficient operation and marketing service system, enhancing online marketing channels through platforms like WeChat[6] Operational Management and Cost Control - The company plans to enhance its operational management and optimize its personnel structure to reduce operational costs in response to the challenges faced by its television shopping business[7] - The operating cost increased by 23.24% to ¥609,029,266.21, up from ¥494,184,932.59, primarily due to increased costs associated with the "three-line underground" engineering projects[45] - Research and development investment rose by 15.89% to ¥26,861,614.41, compared to ¥23,179,324.86, as the company intensified R&D efforts to address fierce market competition[45] Shareholder and Capital Structure - The company will not distribute cash dividends, issue bonus shares, or convert reserves into share capital for this period[10] - The company implemented a profit distribution plan on June 24, 2020, distributing a cash dividend of 10 RMB per 10 shares and increasing capital by 3 shares for every 10 shares held[162] - The total number of shares after the capital increase is 802,559,160 shares, with a diluted earnings per share of 0.2347 RMB[164] - The largest shareholder, Shenzhen Broadcasting Film and Television Group, holds 57.77% of the shares, totaling 463,662,061 shares[165] - The company has a total of 28,863 ordinary shareholders at the end of the reporting period[165] Contracts and Agreements - The company signed a transmission service agreement with Shenzhen Broadcasting Group for 2020, with a transmission fee of RMB 1.21 million/channel for domestic channels and RMB 4.5 million/channel for overseas channels, totaling RMB 69.35 million for 32 channels[101] - The company's wholly-owned subsidiary, Shenzhen Tianbao Broadcasting Network, signed a similar agreement with a transmission fee of RMB 310,000/channel, generating RMB 10.23 million for 24 channels[102] - The company has ongoing contracts for the purchase and maintenance of digital television products, with a total value of RMB 38,511.80 for 6 households[105] - The company has a contract with Shenzhen Broadcasting Group for broadcasting advertisement services, with a total cost of RMB 183,000 for 60 ad slots[104] Challenges and Losses - The company has incurred a loss of approximately 969.3 million in the reporting period[60] - The company reported a significant decrease in rental income from Shenzhen Meibainian Commercial Management Co., amounting to a reduction of CNY 15.53 million compared to the previous year due to contract termination and rent-free periods[147] - The company has ongoing non-equity investments, with a total actual investment of 6.42 million in the broadcasting and television sector[62] Future Outlook - The company is focused on enhancing its market position and exploring new strategies for growth, although specific future outlook details were not provided in the report[199] - The company is currently renovating a new office building with an investment of approximately 51.64 million, which is 95% funded by its own resources[62] - The company is actively pursuing market expansion and new technology development through its subsidiaries and strategic investments[76]

Financial Performance - The company's operating revenue for Q1 2020 was CNY 373,723,384.73, representing a 0.47% increase compared to CNY 371,978,541.49 in the same period last year[7]. - Net profit attributable to shareholders was CNY 36,809,198.96, a decrease of 32.21% from CNY 54,301,642.47 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 30,324,291.19, down 33.24% from CNY 45,421,923.67 in the previous year[7]. - Basic earnings per share decreased by 33.33% to CNY 0.06 from CNY 0.09 in the previous year[7]. - The company's operating profit for the current period is 36,397,779.07, compared to 52,720,625.26 in the previous period, reflecting a decrease of approximately 30.9%[56]. - The total profit for the current period is 36,592,716.01, down from 53,267,620.68 in the previous period, indicating a decline of about 31.3%[56]. - The net profit attributable to the parent company's owners is 36,809,198.96, compared to 54,301,642.47 in the previous period, representing a decrease of approximately 32.2%[59]. - The basic and diluted earnings per share for the current period are both 0.06, down from 0.09 in the previous period, a decline of 33.3%[59]. Cash Flow - The net cash flow from operating activities was CNY 20,062,069.65, a decline of 31.38% compared to CNY 29,235,514.90 in the same period last year[7]. - Cash flow from operating activities fell by 31.38% to ¥20,062,069.65, mainly due to increased project payments by subsidiaries[19]. - The cash inflow from operating activities totaled 197,477,622.41, down from 211,856,942.45 in the previous period, indicating a decrease of approximately 6.5%[74]. - The cash outflow for purchasing goods and services was 73,596,302.11, compared to 102,833,161.97 in the previous period, showing a decrease of about 28.5%[74]. - The net cash flow from investing activities was -91,159,725.75, slightly improved from -84,275,461.28 in the previous period[70]. - The net increase in cash and cash equivalents was -9,831,424.07, compared to -44,839,863.86 in the previous period, showing an improvement in cash flow management[77]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,813,337,336.50, a slight decrease of 0.27% from CNY 3,823,730,265.20 at the end of the previous year[7]. - The company's total assets decreased to CNY 2,944,699,234.85 from CNY 2,978,427,280.28, a decline of about 1.13%[48]. - The total liabilities decreased to CNY 581,172,409.92 from CNY 608,131,596.06, representing a reduction of approximately 4.43%[48]. - The total equity attributable to shareholders increased to CNY 2,363,526,824.93 from CNY 2,370,295,684.22, a slight decrease of about 0.29%[48]. - The company's cash and cash equivalents decreased to CNY 248,563,263.62 from CNY 258,394,687.69, a decline of approximately 3.21%[42]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,136[12]. - Net assets attributable to shareholders increased by 1.39% to CNY 2,686,026,785.68 from CNY 2,649,217,586.72 at the end of the previous year[7]. Expenses and Income - Total operating costs increased to CNY 339,351,191.00 from CNY 326,704,704.29, marking an increase of about 3.99%[53]. - Research and development expenses rose to CNY 13,709,902.95, compared to CNY 11,984,230.27 in the previous period, reflecting an increase of approximately 14.43%[53]. - Financial expenses increased by 271.23% to -¥5,830,077.91 due to rising interest expenses[19]. - Interest income grew by 103.27% to ¥6,476,321.49, attributed to increased interest from matured loans[19]. - Investment income dropped by 129.86% to -¥1,223,167.53 due to losses from associates and decreased interest income from structured deposits[19]. - The company recorded other income of 2,940,185.81 for the current period, up from 2,251,407.16 in the previous period, representing an increase of approximately 30.6%[60]. Tax and Regulatory Changes - Tax payable surged by 389.81% to ¥24,824,166.94 as a result of the new accounting standards affecting revenue recognition[19]. - Contract liabilities amounted to ¥322,127,270.92, reflecting the implementation of new accounting standards[19]. - The company received government subsidies amounting to CNY 4,218,458.98 during the reporting period[7].

Financial Performance - The company plans to achieve operating revenue of CNY 1,600 million in 2020, a decrease of CNY 98.61 million or 5.81% compared to CNY 1,698.61 million in 2019[5]. - The total profit is expected to be CNY 163.2 million in 2020, down CNY 22.67 million or 12.20% from CNY 185.87 million in 2019[5]. - The net profit attributable to the parent company is projected to be CNY 162.7 million in 2020, a decrease of CNY 25.67 million or 13.63% from CNY 188.37 million in 2019[5]. - The company's operating revenue for 2019 was CNY 1,698,613,796.85, representing an increase of 8.86% compared to CNY 1,560,405,514.50 in 2018[31]. - The net profit attributable to shareholders of the listed company for 2019 was CNY 188,372,043.78, a decrease of 4.49% from CNY 197,223,366.34 in 2018[31]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 132,363,567.77, down 11.82% from CNY 150,111,843.89 in 2018[31]. - The company achieved a net profit attributable to shareholders of CNY 188.37 million, a decrease of 4.49% year-on-year[56]. - The company reported a net profit attributable to shareholders of 162.70 million RMB in 2020, down 13.63% from 2019's profit of 188.37 million RMB[122]. User Base and Market Position - The company experienced a loss of 158,200 cable TV users in 2019, representing an 8.18% decline in user base[8]. - The number of interactive on-demand users reached 567,293, representing a growth of 7.4% compared to the end of 2018[57]. - The number of cable broadband paying users increased to 587,300, up by 3.68% from the end of 2018[57]. - The company has over 3 million network coverage users, with a high access and reach rate, providing a solid foundation for business operations[51]. - The digital television service market share remains the highest in Shenzhen, while broadband access services are also among the market leaders[47]. Strategic Initiatives and Goals - The company aims to achieve a minimum of 36% optical network coverage in standard communities by the end of 2020, with a goal of full coverage within three years[9]. - The company plans to complete the splitting of over 220 optical nodes in standard communities by the end of 2020[9]. - The company is actively expanding its 5G network, aiming to cover over 95% of the population by 2021 through a comprehensive rollout in major cities[46]. - The company is focusing on expanding its broadband services and interactive media offerings, aiming to enhance its market presence[112]. - The company plans to explore strategic partnerships and potential acquisitions to bolster its service capabilities and market reach[112]. Content and Technology Development - The company introduced over 120,000 hours of content in 2019, including more than 2,000 hours of 4K content, enhancing its content diversity[51]. - The integration of 4K/8K and VR technologies is expected to provide new opportunities for digital television development[46]. - The company is a national high-tech enterprise, leading in technology development and application, and was one of the first to launch 4K smart set-top boxes[51]. - The company is actively developing new products and technologies, including a 5G network pilot project and a full media integration platform[75]. Financial Management and Investments - The company will distribute a cash dividend of CNY 1 per 10 shares (including tax) to all shareholders, with no bonus shares issued[13]. - The total distributable profit for 2019 is reported to be 889,726,857.41 yuan, with the cash dividend constituting 100% of the profit distribution[136]. - The company has not made any adjustments or changes to its cash dividend policy in the past three years[133]. - The company made a significant equity investment of ¥22,500,000.00 in a joint venture, acquiring a 45% stake[89]. - The company reported a total of ¥713,743,400.00 in financial assets, with a fair value change of ¥593,300.00 during the reporting period[97]. Related Party Transactions and Governance - Shenzhen Broadcasting Group committed to avoiding competition with the listed company and its subsidiaries, ensuring no direct or indirect competitive relationships during the asset restructuring process[140]. - The listed company will maintain independent financial management, with its financial personnel not holding positions in other companies controlled by Shenzhen Broadcasting Group[143]. - The company has established internal control systems for managing undisclosed information to prevent misuse[155]. - The company will disclose any governance irregularities in its annual report, ensuring accountability and transparency[155]. Operational Challenges and Market Conditions - The television shopping industry faces significant challenges due to the rapid growth of e-commerce and changing consumer habits, necessitating urgent transformation[47]. - Tianwei Company faced a net loss of 1.27 million RMB in its advertising subsidiary in 2019[117]. - The company has maintained advanced operational capabilities and service quality, adapting its strategies in response to market competition[51].

Financial Performance - Operating revenue for the reporting period was approximately ¥384.99 million, an increase of 0.85% year-on-year[9]. - Net profit attributable to shareholders of the listed company was approximately ¥53.24 million, up 20.01% compared to the same period last year[9]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥37.79 million, a decrease of 23.16% year-on-year[9]. - Basic earnings per share were ¥0.0862, an increase of 19.89% year-on-year[9]. - The company reported a total comprehensive income of ¥53,605,197.38, compared to ¥42,294,740.03 in the previous period, indicating a growth of 26.00%[68]. - Net profit for the current period was ¥13,989,880.69, compared to ¥8,411,350.19 in the previous period, indicating a significant increase of approximately 66.5%[73]. - The total profit for the current period was ¥13,989,880.69, up from ¥8,263,397.32, showing an increase of about 69.5%[73]. - The total comprehensive income for the current period was ¥13,989,880.69, compared to ¥8,411,350.19 in the previous period, indicating an increase of approximately 66.5%[76]. - Total operating revenue for the current period reached ¥652,903,765.37, an increase of 1.28% compared to ¥644,074,942.07 in the previous period[87]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥3.75 billion, a decrease of 3.94% compared to the end of the previous year[9]. - Net assets attributable to shareholders of the listed company were approximately ¥2.62 billion, down 5.35% from the previous year[9]. - Total liabilities were reported at ¥1,029,247,056.40, a minor decrease from ¥1,030,417,571.72, indicating a reduction of 0.11%[47]. - Owner's equity decreased to ¥2,720,524,008.42 from ¥2,873,257,653.47, representing a decline of 5.31%[50]. - Current liabilities increased slightly to ¥942,239,474.37 from ¥934,985,724.17, marking a rise of 0.13%[47]. - Total equity decreased to ¥2,399,810,429.03 from ¥2,434,071,551.36, a decline of about 1.41%[60]. - The total amount of accounts payable decreased to ¥191,865,374.69 from ¥237,669,094.36, a decrease of 19.30%[57]. - The total amount of receivables was CNY 52,854,338.26, indicating the company's credit exposure[120]. Cash Flow - Net cash flow from operating activities was approximately ¥32.69 million, an increase of 10.74% compared to the previous year[9]. - Net cash flow from operating activities decreased by 38.59% to ¥131,679,017.51, mainly due to changes in cash inflows from structured deposits and increased cash outflows from salary adjustments[26]. - Cash flow from operating activities generated a net amount of ¥131,679,017.51, a decrease from ¥214,430,138.54 in the previous period[94]. - The net increase in cash and cash equivalents was CNY -78,402,633.79, compared to CNY -299,547,708.95 in the previous period, showing an improvement of approximately 73.80%[106]. - The ending balance of cash and cash equivalents was CNY 242,809,915.97, an increase from CNY 158,003,050.05 in the previous period[106]. - The company achieved a net increase in cash flow from investment activities of ¥1,527,002,800.17, significantly higher than ¥474,703,080.59 in the previous period[94]. Investments and Expenses - Long-term equity investments rose by 32.85% to ¥60,765,304.88, primarily due to investments in Shenzhen Shenshan Special Cooperation Zone Tianzhifu Cloud Computing Technology Co., Ltd.[25]. - Research and development expenses increased to ¥17,642,518.83 from ¥16,467,871.32, marking an increase of 7.13%[61]. - Research and development expenses rose to ¥19,023,279.60 from ¥10,874,656.65, marking an increase of about 74.8%[73]. - Financial expenses decreased by 62.30% to -¥12,078,692.35, as interest income from structured deposits was reclassified to investment income[25]. - Investment income increased by 253.75% to ¥12,543,058.81, reflecting the reclassification of structured deposit interest income[25]. - The company reported a decrease in financial expenses, with interest income at ¥1,160,734.91 compared to ¥5,222,753.83 in the previous period, a decline of about 77.8%[73]. Shareholder Information - The top shareholder, Shenzhen Broadcasting Film and Television Group, holds 57.77% of the shares, totaling approximately 356.66 million shares[14]. - The company plans to transfer 31,523,044 shares (5.11% of total shares) held by the Bao'an District State-owned Assets Supervision and Administration Commission, with 3.84% going to Bao'an Jiantou and 1.26% to Longhua Investment Control[29]. Compliance and Regulations - The company reported no violations regarding external guarantees during the reporting period[32]. - The company has not undergone an audit for the third quarter report, which may affect stakeholder confidence[127]. - The company is in compliance with new financial instrument standards starting from 2019, which may impact future financial reporting[127].

证券代码：002238 证券简称：天威视讯 公告编号：2019－020 深圳市天威视讯股份有限公司 关于参加 2019 年深圳上市公司投资者网上集体接待日 活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳市天威视讯股份有限公司（以 下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限公司共同举 办的"改革创新发展 沟通互信共赢"——深圳辖区上市公司 2019 年度投资者网 上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 • 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经，参与公司本次投资者集 体接待日活动，活动时间为 2019 年 9 月 3 日 14:00 至 18:00。届时公司财务总 监王兴和董事、董事会秘书林杨将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市天威视讯股份 ...

User Base and Market Trends - As of the first half of 2019, the number of cable digital TV paying users in China decreased to 144 million, a net decrease of 1.789 million users, with the market share falling below 50%[5] - The company's cable digital TV user terminals decreased by 4.24% compared to the end of 2018, indicating a slight shrinkage in market share[5] - The number of digital TV subscribers in China decreased by 1.789 million to 144 million, with a payment rate of 73.2%[38] - The number of high-definition TV users reached 106.885 million, with a net increase of 4.559 million users[38] - The IPTV and internet video competition is intensifying, with telecom operators increasing investments in fiber-to-the-home (FTTH) and bundling broadband with IPTV services[100] Financial Performance - The company's operating revenue for the reporting period was ¥768,163,406.09, representing a 1.31% increase compared to the same period last year[28] - The net profit attributable to shareholders was ¥107,215,838.59, showing a 0.85% increase year-on-year[28] - The net profit after deducting non-recurring gains and losses decreased by 12.68% to ¥88,529,829.69[28] - The net cash flow from operating activities dropped significantly by 56.05% to ¥81,268,478.68[28] - The total assets at the end of the reporting period were ¥3,734,827,648.19, a decrease of 4.33% from the previous year[28] - The net assets attributable to shareholders decreased by 7.27% to ¥2,571,525,925.61[28] Business Strategy and Development - The company plans to enhance product promotion and develop refined marketing strategies to retain existing users and attract new ones[5] - The company aims to improve video experience and user satisfaction by optimizing the ultra-high-definition interactive interface and enhancing the stability of the HD interactive platform[8] - The company is actively seeking to transform its TV shopping business in response to competition from new media and e-commerce platforms[39] - The company is actively exploring new business areas, including smart community and children's product innovations, with three new children's products introduced during the reporting period[51] - The company is focusing on enhancing its digital technology services and expanding its advertising business to drive future growth[90] Investment and Assets - The total investment amount for the reporting period was ¥47,585,918.57, a significant increase of 434.29% compared to ¥8,906,418.79 in the same period last year[69] - The company made a major equity investment of ¥45,000,000.00 in Shenzhen Tianzhifu Cloud Computing Technology Co., acquiring a 45% stake, funded by its own resources[69] - The company is currently constructing a data center in the Deep-Shan Special Cooperation Zone, with a total actual investment of ¥34,491,385.33[72] - The company reported a total of ¥2,585,918.57 in fixed asset investments during the reporting period, with cumulative actual investments reaching ¥76,688,728.31[72] Revenue Breakdown - The revenue from the cable television sector was ¥645,820,850.48, accounting for 84.07% of total revenue, with a year-on-year growth of 4.06%[59] - The television shopping sector's revenue decreased by 21.01% to ¥75,977,952.27 from ¥96,186,408.45 in the previous year, representing 9.89% of total revenue[59] Subsidiary Performance - Major subsidiaries contributing over 10% to the company's net profit include Shenzhen Tianbao Broadcasting Network Co., Ltd., with a net profit of ¥55,767,153.64[84] - Shenzhen Tianlong Broadcasting Network Co., Ltd. reported a net profit of ¥35,489,027.53, contributing significantly to the overall performance[84] - The overall performance of subsidiaries indicates a mixed outlook, with some companies like Diweit showing profitability while others like Tianwei Data Network are underperforming[92] Contracts and Agreements - The company signed a transmission service agreement with Shenzhen Broadcasting Group, with a total transmission fee of RMB 70.56 million for 2019, covering 9 self-operated channels and 33 purchased channels[122] - The company entered into a broadcasting advertisement contract with Shenzhen Broadcasting Group, with a broadcasting fee of RMB 145,000 for a specific advertisement period[125] - The company has a net revenue sharing agreement with Guangxin Media, where Guangxin Media receives 9% of the net sales from the IPTV channel, effective from June 1, 2018, to May 31, 2020[154] Shareholder Information - The largest shareholder, Shenzhen Broadcasting Film and Television Group, holds 57.77% of the company's shares, totaling 356,663,124 shares[196] - The second largest shareholder, China Telecom Co., Ltd., holds 7.88% of the company's shares, totaling 48,672,000 shares[196] - The company has not conducted any securities issuance or listing activities during the reporting period[195]

Financial Performance - The company's operating revenue for Q1 2019 was ¥371,978,541.49, a decrease of 2.57% compared to ¥381,778,948.00 in the same period last year[7] - The net profit attributable to shareholders was ¥54,301,642.47, down 4.85% from ¥57,070,317.11 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥45,421,923.67, representing a decline of 16.49% from ¥54,390,555.27 in the previous year[7] - The basic earnings per share remained stable at ¥0.09, unchanged from the same period last year[7] - The weighted average return on equity was 1.94%, a decrease of 0.13% from 2.07% in the previous year[7] - Net profit for the current period is ¥53,071,388.65, down 6.3% from ¥56,651,468.55 in the previous period[54] - Operating profit for the current period is ¥52,720,625.26, down 7.1% from ¥56,745,949.29[54] - Total comprehensive income amounted to 8,549,761.44 yuan, compared to 20,747,610.26 yuan in the previous period[64] Cash Flow - The net cash flow from operating activities was ¥29,235,514.90, a significant drop of 57.45% compared to ¥68,703,654.95 in the same period last year[7] - Net cash flow from operating activities decreased by 57.45% to ¥29,235,514.90, primarily due to reduced sales collections[19] - Cash inflow from operating activities totaled 347,022,716.81 yuan, a decrease from 430,395,391.80 yuan in the prior period[68] - Cash outflow from operating activities was 317,787,201.91 yuan, compared to 361,691,736.85 yuan previously[68] - Cash flow from investment activities showed a net outflow of 84,275,461.28 yuan, improving from a net outflow of 383,104,391.93 yuan year-over-year[71] - The net increase in cash and cash equivalents was -55,054,155.32 yuan, compared to -314,431,286.88 yuan in the previous period[71] - The ending balance of cash and cash equivalents was 934,399,775.56 yuan, compared to 891,082,812.97 yuan in the prior year[71] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,927,444,360.62, an increase of 0.61% from ¥3,903,675,225.19 at the end of the previous year[7] - Total liabilities decreased from CNY 1,030,417,571.72 to CNY 1,001,115,318.50, a reduction of approximately 2.9%[37] - Total equity increased from CNY 2,873,257,653.47 to CNY 2,926,329,042.12, reflecting a growth of about 1.9%[40] - The company reported a total equity attributable to shareholders of CNY 2,827,288,329.49, up from CNY 2,772,986,687.02, an increase of approximately 2.0%[40] - Total current liabilities decreased from CNY 934,985,724.17 to CNY 907,751,488.06, a decrease of approximately 2.7%[37] - Non-current liabilities decreased from CNY 95,431,847.55 to CNY 93,363,830.44, a reduction of about 2.2%[37] Income and Expenses - The company reported a tax expense of ¥196,232.03, significantly lower than ¥492,323.37 in the previous period, a decrease of 60%[54] - Research and development expenses decreased to ¥10,984,230.27 from ¥11,587,123.05, a reduction of 5.2%[51] - The company reported a significant reduction in financial expenses by 67.54%, primarily due to decreased interest income[19] Shareholder Information - The top shareholder, Shenzhen Broadcasting Film and Television Group, holds 57.77% of the shares, with a total of 356,663,124 shares[10] - The company reported a basic earnings per share (EPS) figure, although specific values were not provided in the extracted data[64] Government Support - The company received government subsidies amounting to ¥2,795,452.58 during the reporting period[7] - Other income rose by 51.08% to ¥4,254,677.15, attributed to increased government subsidies[19] Future Outlook - The company plans to continue focusing on market expansion and new product development in the upcoming quarters[56] Miscellaneous - The first quarter report was not audited[91] - The chairman of the company is Zheng Dingwen[92] - The earnings conference call took place on April 25, 2019[92]

Financial Performance - In 2019, the company plans to achieve operating revenue of CNY 1.56 billion, which is approximately flat compared to the previous year[7]. - The total profit target for 2019 is set at CNY 200 million, also remaining stable year-on-year[7]. - The net profit attributable to shareholders is projected to be CNY 196 million, consistent with the previous year's performance[7]. - The company's operating revenue for 2018 was ¥1,560,405,514.50, a decrease of 1.92% compared to ¥1,590,888,309.25 in 2017[34]. - The net profit attributable to shareholders for 2018 was ¥197,223,366.34, down 16.28% from ¥235,574,969.76 in 2017[34]. - The net profit after deducting non-recurring gains and losses was ¥150,111,843.89, a decline of 31.43% from ¥218,918,937.29 in 2017[34]. - The net cash flow from operating activities was ¥431,177,283.23, which is a decrease of 24.11% compared to ¥568,167,823.82 in 2017[34]. - The company's total revenue for 2018 was approximately ¥1.56 billion, a decrease of 1.92% compared to ¥1.59 billion in 2017[66]. - The cable television segment generated revenue of approximately ¥1.31 billion, accounting for 84.18% of total revenue, with a slight decline of 0.54% year-over-year[66]. - The new business revenue reached approximately ¥48.84 million, representing a significant growth of 66% year-over-year, with all new projects achieving profitability[66]. User Metrics and Market Trends - In 2018, the total number of cable TV users in China decreased by 21.396 million, representing a decline of 8.7%[9]. - The company's digital cable TV user terminals decreased by 5.9%, contributing to a decline in revenue and profit levels[9]. - The total number of cable broadband users reached 38,563,000, but growth has significantly slowed due to intense market competition[48]. - The number of cable digital TV user terminals decreased to 1,933,500, down by 121,800 from the end of 2017[59]. - The number of HD interactive TV user terminals increased to 1,248,600, up by 46,500 from the end of 2017[59]. - The number of cable broadband paying users reached 550,500, an increase of 46,200 from the end of 2017[59]. - The decline in profit was primarily due to the impact of IPTV and online video competition, leading to a drop in basic viewing fee income[60]. - The company is actively promoting the replacement of 4K smart set-top boxes and integrated packages, although this has led to a decrease in direct sales revenue from set-top boxes[60]. Strategic Initiatives - The company aims to mitigate user loss by developing long-cycle broadband and TV products, and implementing targeted marketing strategies[9]. - The company will continue to promote its 4K smart set-top boxes to maintain its leading position in the video service sector[10]. - The company plans to strengthen strategic cooperation with Shenzhen Unicom to optimize its product offerings[10]. - The company has initiated a strategic shift towards upgrading its product offerings and enhancing content to adapt to changing consumer habits[59]. - The company is focused on expanding its enterprise business management system and increasing collaboration to diversify its market presence[127]. - The company is committed to improving asset management to achieve resource optimization and utilization[127]. - The company recognizes the risks associated with user attrition and is developing strategies to retain existing customers while attracting new ones[128]. Profit Distribution and Dividends - The profit distribution plan approved by the board is to distribute a cash dividend of CNY 5.00 per 10 shares, totaling CNY 30.87 million[15]. - The cash dividend for 2017 was 2.50 RMB per 10 shares, amounting to 154,338,300.00 RMB, while for 2016 it was 3.00 RMB per 10 shares, totaling 185,205,960.00 RMB[140]. - The cash dividends distributed over the past three years represent 156.51% of the net profit attributable to ordinary shareholders for 2018, 65.52% for 2017, and 60.70% for 2016[141]. - The company maintains a policy that at least 10% of the annual distributable profit should be distributed as cash dividends, with a cumulative distribution of at least 30% over three years[135]. - The total distributable profit for 2018 is reported at 1,818,482,353.54 RMB, with the cash dividend representing 100% of the total profit distribution[142]. - The company’s retained earnings after the 2018 dividend distribution will be 669,220,046.02 RMB, carried forward to the next year[146]. Subsidiary Performance - The subsidiary Shenzhen Baoguang Broadcasting Network reported a revenue of CNY 263.61 million and a net profit of CNY 86.28 million, contributing significantly to the company's overall performance[107]. - Shenzhen Tianlong Broadcasting Network achieved a revenue of CNY 241.71 million and a net profit of CNY 70.43 million in 2018, indicating strong operational results[110]. - The subsidiary Shenzhen Tianwei Network Engineering generated a revenue of CNY 42.46 million with a net profit of CNY 8.64 million, reflecting its contribution to the overall profitability[110]. - The company is focusing on expanding its advertising business, which is subject to regulatory approvals, indicating a strategic move towards enhancing revenue streams[107]. - The overall financial health of the subsidiaries indicates a robust operational framework, with several subsidiaries contributing positively to the net profit margins[118]. Governance and Compliance - Shenzhen Broadcasting Group committed to avoiding competition with the listed company and its subsidiaries during the major asset restructuring, ensuring no direct or indirect competitive activities[147]. - The listed company will have independent management and operational capabilities, with all business decisions made independently from the controlling group[155]. - The commitments made by Shenzhen Broadcasting Group are valid for the long term and are being fulfilled normally[150]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[175]. - The company did not experience any major litigation or arbitration matters during the reporting period[182]. - The company and its controlling shareholder, Shenzhen Broadcasting Group, have no integrity issues such as failing to fulfill court judgments or significant overdue debts[184]. Research and Development - Research and development expenses for the year were ¥60,788,152.54, a 9.10% increase from the previous year[78]. - The number of R&D personnel decreased by 36.08% to 271, with R&D expenses representing 3.90% of operating revenue[81]. - The company is investing in new technology development, particularly in digital technology products and related services, to stay competitive in the market[113]. Cash Flow and Investments - Investment activities generated a net cash outflow of ¥493,042,157.80, an improvement of 34.73% from the previous year[85]. - The company completed FTTH network coverage for 1 million users by the end of 2018, enhancing service quality[80]. - The company completed a significant equity investment of CNY 2,588,000.00, acquiring an 11.00% stake in Shenzhen Broadcasting Film and Television Co., Ltd.[96].