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].

Financial Performance - Total assets at the end of the reporting period were CNY 3,856,443,716.90, a decrease of 0.67% compared to the end of the previous year[8] - Operating revenue for the reporting period was CNY 381,733,754.87, an increase of 0.80% year-on-year[8] - Net profit attributable to shareholders was CNY 44,364,307.03, a decrease of 21.39% compared to the same period last year[8] - Net cash flow from operating activities was CNY 29,521,647.04, down 82.59% year-on-year[8] - Basic earnings per share were CNY 0.0719, a decrease of 21.33% compared to the same period last year[8] - The weighted average return on net assets was 1.64%, down 0.50% year-on-year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,201[12] - The largest shareholder, Shenzhen Broadcasting Film and Television Group, holds 57.77% of the shares[12] - The company did not engage in any repurchase transactions during the reporting period[13] Cash Flow and Financial Assets - Cash and cash equivalents decreased by 36.87% to ¥761.32 million, primarily due to the purchase of structured deposits[16] - Financial assets measured at fair value increased by 107.60% to ¥710 million, also attributed to the purchase of structured deposits[16] - Accounts receivable increased by 41.04% to ¥80.21 million, mainly due to increased receivables from Shenzhen Broadcasting Film and Television Group[17] - Prepayments rose by 79.24% to ¥33.02 million, primarily due to increased payments to suppliers[17] - Other receivables increased by 73.35% to ¥42.99 million, mainly for deposits and other receivables[17] - Operating cash flow decreased by 35.72% to ¥214.43 million, primarily due to a reduction in cash received from sales of goods and services[23] - The net cash flow from investment activities decreased by 90.14% to -¥504.58 million, mainly due to the purchase of structured deposits[19] Future Expectations and Plans - The company expects a net profit attributable to shareholders for 2018 to range from ¥164.90 million to ¥235.58 million, reflecting a decrease of 30.00% to 0.00% compared to the previous year[24] - The company plans to lease its "Cable Information Transmission Building" to Shenzhen Meibainian, effective from March 1, 2018[20] - The company intends to collaborate with Shenzhen Broadcasting Film and Television Group for the urban renewal of its technology building[20] User Metrics and Market Potential - As of December 31, 2017, the company had 2.0553 million cable digital TV user terminals, a decrease of 60,800 from the end of 2016[32] - The number of interactive TV user terminals reached 1.2021 million, an increase of 178,900 from the end of 2016, with all interactive TV users upgraded to HD[32] - The number of paid channel users increased by 115,700 to 219,500 compared to the end of 2016[32] - The number of cable broadband paying users rose by 149,700 to 504,300 from the end of 2016[32] - The company's B-end revenue accounted for less than 10% of total revenue in 2017, indicating significant growth potential in this segment[31] Strategic Focus - The company plans to enhance its competitive edge through continuous innovation and upgrading of its network infrastructure[31] - The company aims to expand its market by developing new business models tailored to user needs, including smart set-top boxes for education and entertainment[31] - The company’s main business operations are limited to Shenzhen, which constrains user growth due to low population and new building growth rates in the area[32] - The company is focusing on diversifying its operations through external cooperation and capital operations, particularly in the upstream and downstream of the industry chain[31] - The company’s major revenue currently comes from C-end users, with significant potential for growth in B-end services[31]

2018 年 08 月 1 深圳市天威视讯股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 深圳市天威视讯股份有限公司 2018 年半年度报告全文 深圳市天威视讯股份有限公司 2018 年半年度报告 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 2018-030 公司负责人郑鼎文、主管会计工作负责人王兴及会计机构负责人(会计主管 人员)邓海峰声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司半年度报告中涉及对公司未来计划、发展战略等前瞻性陈述，不构成 公司对投资者的实质性承诺，投资者及相关人士均应对此保持足够的风险认识， 并且应当理解计划、预测与承诺之间的差异。 公司在本报告"第四节经营情况讨论与分析"中"十、公司面临的风险和应对 措施"部分，详细描述了公司经营中可能存在的风险及应对措施，敬请投资者关 注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、 ...

Financial Performance - The company's operating revenue for Q1 2018 was ¥381,778,948, representing a 2.84% increase compared to ¥370,133,795 in the same period last year[8] - Net profit attributable to shareholders was ¥57,070,317, marking a 7.26% increase from ¥52,751,266 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥54,390,555, which is a 5.79% increase from ¥51,414,193 in the same period last year[8] - The net cash flow from operating activities increased by 24.33% to ¥68,703,654.95 from ¥55,257,601.30 in the previous year[8] - The expected net profit attributable to shareholders for the first half of 2018 is projected to range from ¥10.47 million to ¥13.09 million, indicating a potential decrease of 20%[18] Assets and Shareholder Equity - The total assets at the end of the reporting period were ¥3,923,294,526.07, reflecting a 1.05% increase from the previous year's end[8] - The net assets attributable to shareholders increased by 2.09% to ¥2,787,171,937.79 from ¥2,730,101,620.68 at the end of the previous year[8] - The weighted average return on equity was 2.07%, up from 1.94% in the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,585[12] - The largest shareholder, Shenzhen Broadcasting Film and Television Group, holds 57.77% of the shares, totaling 356,663,124 shares[12] Non-Recurring Gains and Financial Changes - The company reported non-recurring gains of ¥2,679,761.84, primarily from government subsidies and other income[9] - Financial expenses surged by 247.46% to -¥9.44 million from -¥2.72 million, due to increased interest income from structured deposits[16] Changes in Assets and Liabilities - The fair value financial assets increased by 91.81% to ¥656 million from ¥342 million due to the addition of structured deposits[16] - Accounts receivable rose by 48.56% to ¥84.49 million from ¥56.87 million, primarily due to unpaid transmission fees from Shenzhen Broadcasting Group[16] - Construction in progress increased by 37.80% to ¥93.93 million from ¥68.16 million, attributed to network renovation projects[16] - Employee compensation payable decreased by 34.35% to ¥53.38 million from ¥81.31 million, as the company paid out previously accrued employee compensation[16] - Tax and additional charges increased by 55.60% to ¥1.48 million from ¥0.95 million, driven by higher property tax[16] - Net cash flow from investing activities worsened by 444.65% to -¥383.10 million from -¥70.34 million, reflecting an increase in structured deposits[16] Market Challenges - The decline in cable digital TV subscribers due to competition from IPTV and OTT services has negatively impacted basic viewing fee revenue and profit levels[18] - The company is promoting the replacement of 4K smart set-top boxes and integrated packages, which has led to increased costs and a decline in direct sales revenue from set-top boxes[18]

Financial Performance - The company plans to achieve operating revenue of CNY 1.6 billion in 2018, a growth of 0.57% compared to the previous year, and a total profit of CNY 250 million, a decrease of 0.02%[4]. - The net profit attributable to shareholders is projected to be CNY 253.71 million, an increase of 7.70% year-on-year[4]. - The company's operating revenue for 2017 was CNY 1,590,888,309, a decrease of 6.03% compared to CNY 1,692,959,269 in 2016[24]. - The net profit attributable to shareholders for 2017 was CNY 235,574,970, down 22.79% from CNY 305,093,946 in 2016[24]. - The net profit after deducting non-recurring gains and losses was CNY 218,918,937, a decrease of 24.29% compared to CNY 289,163,143 in 2016[24]. - The net cash flow from operating activities was CNY 543,517,824, down 16.45% from CNY 650,533,233 in 2016[24]. - The basic earnings per share for 2017 was CNY 0.38, a decrease of 22.45% from CNY 0.49 in 2016[25]. - The company's total revenue for 2017 was approximately CNY 1.55 billion, a decrease of 2.68% compared to the previous year[53]. - The company reported a total revenue of 134,326,100 yuan for the year, with a net profit margin of 41.08%[80]. - The company reported a total revenue of 61,680.8 million CNY for the year 2017[178]. User Growth and Market Expansion - The company has integrated user resources, reaching over 3 million households, and expanded its potential user base to cover nearly 40 million people across 14 cities[38]. - The IPTV user base grew by 48.9% year-on-year in 2017, indicating a shift in consumer preferences towards new broadcasting channels[35]. - The number of cable broadband paying users reached 504.3 thousand, an increase of 14.97 thousand, representing a growth rate of 42.2%[48]. - The company is actively expanding its fiber broadband services in urban villages, leading to rapid user growth[91]. - The company is enhancing its network coverage and service channels, which has improved the market penetration rate of cable television and broadband services[92]. Strategic Partnerships and Innovations - A strategic partnership with Shenzhen Unicom has been established to offer bundled services, enhancing user retention and service integration[6]. - The company aims to enhance its competitive edge through continuous innovation and upgrading of its network infrastructure to meet increasing user demands for video quality and bandwidth[5]. - The company is exploring new business models, including smart set-top boxes for children's education and smart home services, to expand its market presence[5]. - The company has launched multiple applications on its digital television platform, including family cinema and educational content, enhancing its service offerings[39]. - The company is focusing on developing new business models and product strategies to adapt to market changes and customer needs[92]. Financial Management and Shareholder Returns - A cash dividend of CNY 2.50 per 10 shares (including tax) will be distributed to shareholders based on a total share capital of 617,353,200 shares as of December 31, 2017[10]. - The company maintains a policy that at least 10% of the annual distributable profit must be distributed in cash[106]. - The total distributable profit for 2017 is reported to be 1,005,893,926.67 RMB[110]. - The company’s cash dividend policy emphasizes stability and continuity, with a cumulative cash distribution over three years not less than 30% of the average annual distributable profit[106]. - The company has not proposed any stock dividends for the fiscal year 2017[110]. Operational Efficiency and Cost Management - Research and development investment amounted to CNY 62.56 million, representing 3.93% of total revenue, a slight decrease from 4.02% in 2016[64]. - Sales expenses decreased by 3.68% to CNY 130 million, while management expenses increased by 10.35% to CNY 243 million[62]. - The company has implemented a big data platform to enhance marketing and user retention strategies[64]. - The company is focusing on maintaining a strong financial position with a focus on timely payments and procurement strategies[175]. Governance and Compliance - The company has established a complete and independent corporate governance structure[114]. - The company guarantees that its senior management will not hold positions in other enterprises controlled by Shenzhen Broadcasting Group, ensuring personnel independence[114]. - The company is committed to maintaining a transparent relationship with its shareholders and ensuring compliance with all relevant laws and regulations[119]. - The company has established a robust internal control system to protect shareholder rights and ensure compliance with legal regulations[178]. Challenges and Competitive Landscape - The company faces competition from telecom operators and internet video services, with a significant increase in users watching videos on mobile devices[96]. - The company is addressing the competitive risks posed by IPTV and internet video by improving user experience and launching integrated products[99]. - The company's advertising subsidiary faced revenue declines due to competition from internet and new media, impacting overall profitability[45]. Future Outlook and Development Plans - The company plans to expand its FTTH (Fiber to the Home) business in 2018, following initial trials in select communities[63]. - Future strategies include expanding into information services and property management, subject to regulatory approvals[88]. - The company is exploring potential mergers and acquisitions to strengthen its market position[88]. - The company plans to achieve a revenue of CNY 1.60 billion in 2018, representing a 0.57% increase year-over-year, and a net profit of CNY 253.71 million, which is a 7.70% increase compared to the previous year[97].