（文章来源：证券日报） 证券日报网讯新媒股份11月5日在互动平台回答投资者提问时表示，截至2025年10月31日，公司股东总 户数为25，263户。 ...

证券日报网讯新媒股份11月4日在互动平台回答投资者提问时表示，截至2025年9月30日，公司股东总户 数为23129户。 （文章来源：证券日报） ...

证券之星消息，11月4日电视广播板块较上一交易日上涨0.49%，吉视传媒领涨。当日上证指数报收于 3960.19，下跌0.41%。深证成指报收于13175.22，下跌1.71%。电视广播板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 601929 | 吉视传媒 | 4.48 | 10.07% | 1063.27万 | | 44.82 乙 | | 000665 | 湖北广电 | 6.51 | 2.04% | 93.90万 | | 6.00亿 | | 002238 | 天威视讯 | 8.84 | 1.38% | 14.09万 | | 1.23亿 | | 301262 | 海看股份 | 26.30 | 1.15% | 16.18万 | | 4.25亿 | | 600936 | 广西广电 | 3.76 | 0.53% | 21.70万 | | 8110.32万 | | 600831 | ST广网 | 5.05 | 0.40% | 8.84万 | | 4454.93万 ...

新媒股份（300770.SZ）11月4日在投资者互动平台表示，尊敬的投资者，感谢您的关注！新媒股份作为 联合出品方参与投资《三更雪》。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：尊敬的董秘，贵公司官方微信公众号10.31是发布的 【古装谍战高能来袭……】一文中发布的其中一副图片显示三更雪是新媒股份出品，但是我们从网络搜 索到的信息是：《三更雪》的出品方是湖南风芒传媒有限公司和北京洲际兄弟影视文化有限公司。麻烦 您解释一下这是什么原因，到底三更雪的出品方是否是新媒股份？ ...

Core Viewpoint - The television broadcasting sector experienced a rise of 2.81% on the trading day, with Oriental Pearl leading the gains, while the overall Shanghai Composite Index fell by 0.81% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3954.79, down 0.81% [1] - The Shenzhen Component Index closed at 13378.21, down 1.14% [1] - Key stocks in the television broadcasting sector showed significant gains, with Oriental Pearl rising by 5.66% to a closing price of 9.70 [1] Group 2: Stock Performance - Oriental Pearl (600637) led the sector with a closing price of 9.70 and a trading volume of 1.61 million shares, resulting in a transaction value of 1.547 billion [1] - Other notable performers included: - Jishi Media (626109) with a 5.11% increase, closing at 3.70 [1] - Wireless Media (301551) up by 4.52%, closing at 37.94 [1] - ST Guangwang (600831) increased by 4.18%, closing at 4.98 [1] Group 3: Capital Flow - The television broadcasting sector saw a net inflow of 514 million in main funds, while retail investors experienced a net outflow of 364 million [2][3] - Main funds showed significant interest in Oriental Pearl with a net inflow of 159 million, while retail investors withdrew 1.04 billion [3] - Jishi Media also attracted main fund inflows of 152 million, but faced retail outflows of 1.31 billion [3]

Core Viewpoint - New Media Co., Ltd. is a leading player in the IPTV operation sector in China, with strong resource and licensing advantages, and has shown solid financial performance in recent quarters [1][2][3]. Group 1: Company Overview - Established on July 12, 2010, and listed on the Shenzhen Stock Exchange on April 19, 2019, New Media Co., Ltd. operates primarily in Guangdong Province [1]. - The company exclusively operates IPTV and related services authorized by Guangdong Radio and Television Station, indicating a strong market position [1]. Group 2: Financial Performance - For Q3 2025, New Media reported revenue of 1.236 billion yuan, ranking 8th among 15 companies in the industry, with the top competitor, Huashu Media, generating 6.407 billion yuan [2]. - The net profit for the same period was 511 million yuan, placing the company second in the industry, just behind Dongfang Mingzhu [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 22.93%, down from 28.20% year-on-year and below the industry average of 41.83%, indicating strong solvency [3]. - The gross profit margin for Q3 2025 was 48.75%, slightly lower than the previous year's 49.31% but significantly higher than the industry average of 23.05%, reflecting robust profitability [3]. Group 4: Management and Shareholder Structure - The chairman, Cai Fuqing, has extensive experience in government and media, while the president, Yang Dejian, has a long-standing background in the media industry [4]. - As of September 30, 2025, the number of A-share shareholders decreased by 2.61% to 23,100, while the average number of shares held per shareholder increased by 2.68% [5]. Group 5: Market Outlook and Analyst Ratings - Analysts from Huatai Securities maintain a "buy" rating, highlighting a year-on-year revenue growth of 5.28% and a net profit increase of 19.72% for the first three quarters of 2025 [5]. - CICC has raised the target price by 10.4% to 53.0 yuan, citing the company's stable operations and potential for growth in value-added services [6].

Core Viewpoint - The television broadcasting sector experienced a slight decline of 0.12% on the previous trading day, with ST Guangwang leading the losses. However, the overall market showed positive movement, with the Shanghai Composite Index rising by 0.7% and the Shenzhen Component Index increasing by 1.95% [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4016.33, up 0.7% [1]. - The Shenzhen Component Index closed at 13691.38, up 1.95% [1]. - The television broadcasting sector's individual stock performance varied, with notable gainers and losers [1]. Group 2: Individual Stock Performance - Liujin Technology (920021) closed at 6.97, up 3.11% with a trading volume of 110,000 shares [1]. - Hubei Broadcasting (000665) closed at 6.09, up 0.83% with a trading volume of 382,000 shares [1]. - Jiangsu Cable (600959) closed at 3.66, up 0.83% with a trading volume of 399,300 shares [1]. - ST Guangwang (600831) led the decline, closing at 4.84, down 3.20% with a trading volume of 155,800 shares [2]. Group 3: Capital Flow Analysis - The television broadcasting sector saw a net outflow of 121 million yuan from institutional investors, while retail investors contributed a net inflow of 138 million yuan [2]. - The capital flow for individual stocks showed mixed results, with some stocks experiencing significant net inflows from retail investors despite overall sector outflows [3].

Market Overview - The television broadcasting sector experienced a slight decline of 0.05% compared to the previous trading day, with Hai Kan Co. leading the losses [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - Notable gainers in the television broadcasting sector included: - Xinmei Co. (300770) with a closing price of 48.38, up 2.83% on a trading volume of 97,300 shares and a turnover of 469 million yuan [1] - Guangxi Broadcasting (600936) closed at 3.73, up 1.63% with a trading volume of 192,700 shares and a turnover of 71.71 million yuan [1] - Conversely, some stocks faced declines: - Hubei Broadcasting (000665) closed at 6.04, down 0.49% with a trading volume of 409,400 shares and a turnover of 248 million yuan [1] - Huashu Media (000156) closed at 7.89, down 0.25% with a trading volume of 69,700 shares and a turnover of 5.51 million yuan [1] Capital Flow Analysis - The television broadcasting sector saw a net outflow of 84.12 million yuan from institutional investors, while retail investors experienced a net outflow of 13.56 million yuan [2] - Conversely, speculative funds recorded a net inflow of 97.68 million yuan [2] Individual Stock Capital Flow - Xinmei Co. (300770) had a net inflow of 26.94 million yuan from institutional investors, while retail investors saw a net outflow of 41.35 million yuan [3] - Jiangsu Cable (600959) experienced a net inflow of 20.13 million yuan from institutional investors, with retail investors facing a net outflow of 24.96 million yuan [3] - Hubei Broadcasting (000665) had a net outflow of 6.11 million yuan from institutional investors, while retail investors recorded a net inflow of 4.54 million yuan [3]

Core Viewpoint - The company's Q3 2025 performance slightly underperformed expectations, with revenue of 419 million yuan, a year-on-year increase of 4.02%, and a net profit attributable to shareholders of 166 million yuan, a year-on-year increase of 10.96% [1] Industry Trends - The industry shows steady growth, with Guangdong Province's internet television (IPTV, OTT) users reaching 28.632 million as of August 2025, adding 68,000 users in July and August, compared to an increase of 69,000 users in the same period last year [2] - The company is expected to maintain stable growth in its provincial IPTV business, while its cloud viewing products are likely to continue refined operations, promoting user conversion and growth in value-added business revenue [2] - The third quarter is traditionally a peak season for large-screen content, which may contribute to the development of the company's content rights business [2] Future Outlook - The company is anticipated to continue improving its value-added business efficiency, supported by stable profit margins and controlled costs [3] - The gross profit margin for Q3 2025 was 48.2%, an increase of 0.3 percentage points year-on-year, with stable expense ratios [3] - The company emphasizes shareholder returns, achieving a cumulative dividend payout ratio of 99.9% for 2024, with a steady increase in dividend yield over the past five years [3] - As of September 30, 2025, the company had cash and cash equivalents of 1.081 billion yuan and retained earnings of 2.433 billion yuan, indicating a strong cash flow position [3] - Multiple favorable policies, such as home appliance upgrades and new broadcasting regulations, are expected to enhance the potential of large-screen scenarios, with significant growth in smart TV consumption driven by trade-in policies [3] Profit Forecast and Valuation - Given the stability of the company's core business, the profit forecasts for 2025 and 2026 are maintained [4] - The current trading multiples are 15x for both 2025 and 2026 P/E ratios, with a target price raised by 10.4% to 53.0 yuan, corresponding to 17x and 16x for 2025 and 2026 P/E ratios, respectively, indicating a potential upside of 10.5% from the current price [4]

Core Insights - The company reported a revenue of 419,087,363.86 yuan for the third quarter of 2025, representing a year-on-year growth of 4.02% [2] - The net profit attributable to shareholders of the listed company was 166,017,355.84 yuan, showing a year-on-year increase of 10.96% [2] Financial Performance - Revenue for Q3 2025: 419.09 million yuan, up 4.02% year-on-year [2] - Net profit for Q3 2025: 166.02 million yuan, up 10.96% year-on-year [2]