[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Part%20I%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) [Important Notice](index=2&type=section&id=Important%20Notice) The board, supervisory board, and senior management guarantee report accuracy and completeness, with a proposed cash dividend of **0.50 yuan per 10 shares** based on **417 million shares** - The board of directors, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, free from false records, misleading statements, or major omissions[3](index=3&type=chunk) - The company's head, chief accountant, and head of accounting department declare the financial report to be true, accurate, and complete[3](index=3&type=chunk) Profit Distribution Plan | Indicator | Content | | :--- | :--- | | Share Capital Base | 417,000,000 shares | | Cash Dividend per 10 Shares | 0.50 yuan (tax inclusive) | | Bonus Shares | 0 shares (tax inclusive) | | Capital Reserve to Share Capital | No conversion | [Table of Contents](index=3&type=section&id=Table%20of%20Contents) The report outlines eight main chapters covering company operations, financial performance, governance, and significant matters - The report comprises eight main chapters, covering company operations, financial performance, governance, and significant matters[5](index=5&type=chunk) [Reference Documents Catalog](index=4&type=section&id=Reference%20Documents%20Catalog) Reference documents include signed financial statements, publicly disclosed company documents, original announcements, and other relevant materials - Reference documents include signed and sealed financial statements, originals of publicly disclosed company documents, and original announcements[7](index=7&type=chunk) [Definitions](index=5&type=section&id=Definitions) Key terms such as company, subsidiaries, controlling shareholder, actual controller, and the reporting period are defined for clarity - The report defines key terms such as company, subsidiaries, controlling shareholder, and actual controller, specifying the reporting period from January 1, 2025, to June 30, 2025[8](index=8&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Part%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Profile](index=6&type=section&id=I.%20Company%20Profile) Basic company information, including stock abbreviation, code, listing exchange, and legal representative, is provided Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Haikan Shares | | Stock Code | 301262 | | Listing Exchange | Shenzhen Stock Exchange | | Chinese Name | Haikan Network Technology (Shandong) Co., Ltd. | | Legal Representative | Zhang Xiaogang | [Contact Person and Information](index=6&type=section&id=II.%20Contact%20Person%20and%20Information) Contact details for the board secretary and securities affairs representative, including name, phone, and email, are provided Contact Information for Board Secretary and Securities Affairs Representative | Position | Name | Phone | Email | | :--- | :--- | :--- | :--- | | Board Secretary | Deng Qiang | 0531-81690182 | dongban01@ihicon.com | | Securities Affairs Representative | Wang Chuang | 0531-81690182 | dongban01@ihicon.com | [Other Information](index=6&type=section&id=III.%20Other%20Information) No changes occurred in company contact information, disclosure locations, or registration during the reporting period - The company's registered address, office address, website, and email address remained unchanged during the reporting period[12](index=12&type=chunk) - Information disclosure and placement locations remained unchanged during the reporting period[13](index=13&type=chunk) - The company's registration status remained unchanged during the reporting period[14](index=14&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=IV.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Key accounting data and financial indicators, including revenue, net profit, and cash flow, are disclosed for the current period and year-end Key Accounting Data and Financial Indicators (Consolidated Statements) | Indicator | Current Reporting Period (yuan) | Same Period Last Year (yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 465,782,206.69 | 488,089,821.84 | -4.57% | | Net Profit Attributable to Shareholders of Listed Company | 231,714,145.99 | 221,838,369.82 | 4.45% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 195,844,802.16 | 198,819,211.20 | -1.50% | | Net Cash Flow from Operating Activities | 462,012,000.45 | 260,652,308.24 | 77.25% | | Basic Earnings Per Share (yuan/share) | 0.56 | 0.53 | 5.66% | | Diluted Earnings Per Share (yuan/share) | 0.56 | 0.53 | 5.66% | | Weighted Average Return on Net Assets | 6.26% | 6.27% | -0.01% | | **Period-End Indicators** | **Current Period-End (yuan)** | **Previous Year-End (yuan)** | **Change from Previous Year-End** | | Total Assets | 4,223,916,938.33 | 4,212,935,512.19 | 0.26% | | Net Assets Attributable to Shareholders of Listed Company | 3,774,541,360.90 | 3,709,627,214.91 | 1.75% | [Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=7&type=section&id=V.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) The company reported no differences in net profit or net assets between domestic and overseas accounting standards during the period - The company reported no differences in net profit and net assets under domestic and overseas accounting standards during the reporting period[16](index=16&type=chunk)[17](index=17&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=VI.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Non-recurring gains and losses totaled **35.87 million yuan**, primarily from government grants, fair value changes, and other non-operating items Non-Recurring Gains and Losses Items and Amounts | Item | Amount (yuan) | | :--- | :--- | | Government grants included in current profit and loss | 5,197,975.44 | | Fair value changes and disposal gains/losses from financial assets and liabilities held by non-financial enterprises | 22,075,107.76 | | Other non-operating income and expenses apart from the above | 14,796,891.16 | | Other profit and loss items meeting the definition of non-recurring gains and losses | 148,247.53 | | Less: Income tax impact | 6,348,878.06 | | **Total** | **35,869,343.83** | - Other non-recurring gains and losses include individual income tax handling fee refunds of **147,989.00 yuan** and VAT reductions of **258.53 yuan**[20](index=20&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Part%20III%20Management%20Discussion%20and%20Analysis) [Company's Main Business Activities During the Reporting Period](index=9&type=section&id=I.%20Company%27s%20Main%20Business%20Activities%20During%20the%20Reporting%20Period) The company operates as a new media business, centered on IPTV, and diversifies into micro-short dramas, pet health, XR, and smart campus solutions - The company is a new media business operator in the context of cultural industry revitalization, triple-play convergence, and media integration, serving as the market operating entity for Shandong Radio and Television Station's audio-visual new media business[22](index=22&type=chunk) - The company has planned and established six major industrial segments: "Haikan IPTV, Haikan Digital Applications, Haikan Sci-Tech Innovation, Haikan Industrial Development, Haikan Copyright, and Haikan Investment"[22](index=22&type=chunk) [Company's Main Business Activities and Operating Model](index=9&type=section&id=%28I%29%20Company%27s%20Main%20Business%20Activities%20and%20Operating%20Model) The company primarily operates IPTV, encompassing basic and value-added services, and also engages in copyright, marketing, and micro-short drama businesses - The company's main business is IPTV, which is its primary revenue source, while also operating other businesses such as copyright operations, marketing, enterprise customer services, technical services, and micro-short dramas[23](index=23&type=chunk)[26](index=26&type=chunk) - IPTV business is divided into basic services (free content, telecom operators collect basic viewing fees and share revenue) and value-added services (paid on-demand content, telecom operators collect subscription fees and share revenue)[24](index=24&type=chunk) - The micro-short drama business establishes a complete "investment + production + distribution" industry chain, covering diverse distribution channels, monetizing through user payments, operational revenue sharing, and advertising income[27](index=27&type=chunk) [Industry Development Status](index=10&type=section&id=%28II%29%20Industry%20Development%20Status) The large-screen audio-visual industry is transforming with policy support, boosting IPTV's share, while the micro-short drama market expands with "boutique" and "branded" content - **2025** is the "Ultra-High-Definition Development Year," with policies promoting UHD video industry growth and requiring IPTV and internet TV to establish UHD zones[28](index=28&type=chunk) - Significant progress has been made in addressing "matryoshka doll" charging and complex operations on TV; in the first half of **2025**, large-screen live TV viewing share reached **74.5%**, with IPTV platforms contributing **37.2%**[29](index=29&type=chunk) - The micro-short drama market exceeded **50 billion yuan** in **2024**, projected to surpass **68 billion yuan** in **2025**, indicating increased user willingness to pay[31](index=31&type=chunk) - Policies are guiding micro-short dramas towards "boutique" and "branded" development, promoting their broadcast on large TV screens; in the first half of **2025**, **26 satellite TV channels** aired **75 micro-short dramas**, accumulating **1.68 billion viewerships**[31](index=31&type=chunk)[32](index=32&type=chunk) [Company's Operating Performance During the Reporting Period](index=11&type=section&id=%28III%29%20Company%27s%20Operating%20Performance%20During%20the%20Reporting%20Period) In H1 2025, revenue declined **4.57%**, but net profit grew **4.45%**, and operating cash flow surged **77.25%**, driven by stable IPTV and expanding micro-short drama and tech innovations - The company was recognized among the **Top 30 National Growth-Oriented Cultural Enterprises**, received the "Tianma Award" for shareholder returns, and was named one of the first leading enterprises in Shandong Province's online audio-visual industry[33](index=33&type=chunk) Key Operating Performance for H1 2025 | Indicator | Amount (10,000 yuan) | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue | 46,578.22 | -4.57% | | Net Profit Attributable to Shareholders of Listed Company | 23,171.41 | 4.45% | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-Recurring Gains and Losses | 19,584.48 | -1.50% | | Net Cash Flow from Operating Activities | 46,201.20 | 77.25% | | **Period-End Indicators** | **Amount (10,000 yuan)** | **Change from Previous Year-End** | | Consolidated Total Assets | 422,391.69 | 0.26% | | Net Assets Attributable to Shareholders of Listed Company | 377,454.14 | 1.75% | - IPTV basic service revenue reached **397.85 million yuan**, with **16.75 million active users**; value-added service revenue was **55.08 million yuan**[34](index=34&type=chunk) - The micro-short drama business signed investments for **5 horizontal premium short dramas**, **5 overseas short dramas**, and **87 vertical dramas**, with a total contract value exceeding **20 million yuan**[35](index=35&type=chunk) - The company independently developed and launched the "Haikan AIGC Intelligent Creation Platform," producing **170 AIGC works** and being selected for the Confucius Institute's Digital Premium Course Library[38](index=38&type=chunk) - The industry's first micro-short drama intelligent logic review platform was launched, alongside the development of AI interactive products and the "Fiery Eyes" public opinion risk control system[38](index=38&type=chunk) [Analysis of Core Competencies](index=12&type=section&id=II.%20Analysis%20of%20Core%20Competencies) Core competencies include geographical advantage, strong R&D, extensive user base, state-owned shareholder backing, comprehensive licenses, and an experienced professional team - Shandong Province's large population base, favorable economic development, low population mobility, and superior broadband infrastructure effectively ensure the market capacity for IPTV business[39](index=39&type=chunk) - The company prioritizes technological innovation, is a national high-tech enterprise, and at the end of the reporting period held **83 patents** (**51 invention patents**) and **284 software copyrights**[40](index=40&type=chunk) - Shandong IPTV basic services have approximately **16.75 million active users**, covering over **45 million people**, indicating a high-value user base[41](index=41&type=chunk) - The controlling shareholder is Shandong Radio and Television Media Group, and the actual controller is Shandong Radio and Television Station, providing a strong corporate image, credit endorsement, and policy resource support[41](index=41&type=chunk) - The company possesses comprehensive qualifications, including IPTV integrated broadcast control service licenses, mobile internet audio-visual program service licenses, and internet TV content service authorizations[42](index=42&type=chunk) - The core management team has decades of deep experience in the broadcasting, media, and telecommunications industries, possessing rich expertise and a forward-looking vision[42](index=42&type=chunk) [Main Business Analysis](index=13&type=section&id=III.%20Main%20Business%20Analysis) Main business profit composition remained stable, with revenue down **4.57%**, costs down **3.58%**, financial expenses down **29.94%**, operating cash flow up **77.25%**, and investing cash flow down **184.95%** - There were no significant changes in the company's profit composition or sources of profit during the reporting period[45](index=45&type=chunk) Year-on-Year Changes in Key Financial Data | Indicator | Current Reporting Period (yuan) | Same Period Last Year (yuan) | Year-on-Year Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 465,782,206.69 | 488,089,821.84 | -4.57% | | | Operating Cost | 207,307,482.00 | 214,993,589.93 | -3.58% | | | Selling Expenses | 5,138,970.04 | 5,088,832.64 | 0.99% | | | Administrative Expenses | 30,068,068.34 | 26,688,719.70 | 12.66% | | | Financial Expenses | -8,036,686.11 | -11,471,081.95 | -29.94% | Increased structured deposits, reduced demand deposits | | Income Tax Expense | 39,476,049.25 | 37,786,898.35 | 4.47% | | | R&D Investment | 18,015,956.10 | 19,463,927.72 | -7.44% | | | Net Cash Flow from Operating Activities | 462,012,000.45 | 260,652,308.24 | 77.25% | Increased cash received from sales of goods and provision of services | | Net Cash Flow from Investing Activities | -353,390,558.83 | 416,008,646.85 | -184.95% | Changes in the balance of unexpired bank wealth management product investments at period-end | | Net Cash Flow from Financing Activities | -145,950,000.00 | 0.00 | -100.00% | Current period profit distribution payment | | Net Increase in Cash and Cash Equivalents | -37,328,558.38 | 676,660,955.09 | -105.52% | Changes in the balance of unexpired bank wealth management product investments at period-end | Products or Services Accounting for Over 10% of Revenue | Product or Service | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Margin | YoY Change in Operating Revenue | YoY Change in Operating Cost | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | IPTV Basic Services | 397,854,581.33 | 174,295,296.31 | 56.19% | -0.68% | -0.08% | -0.26% | | IPTV Value-Added Services | 55,078,534.65 | 24,009,421.86 | 56.41% | -23.21% | -27.44% | 2.54% | [Non-Main Business Analysis](index=14&type=section&id=IV.%20Non-Main%20Business%20Analysis) The company had no non-main business analysis during the reporting period - The company had no non-main business analysis during the reporting period[48](index=48&type=chunk) [Analysis of Assets and Liabilities](index=14&type=section&id=V.%20Analysis%20of%20Assets%20and%20Liabilities) Total assets and net assets slightly increased, while accounts receivable decreased **7.72%** due to collections, and trading financial assets grew **8.30%** from structured deposits Significant Changes in Asset Composition | Item | Amount at Current Period-End (yuan) | Percentage of Total Assets | Amount at Previous Year-End (yuan) | Percentage of Total Assets | Change in Proportion | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 1,014,099,385.54 | 24.01% | 1,051,427,943.92 | 24.96% | -0.95% | | | Accounts Receivable | 598,657,776.12 | 14.17% | 922,097,576.44 | 21.89% | -7.72% | Overdue receivables from the beginning of the period were collected | | Trading Financial Assets | 2,404,499,146.56 | 56.93% | 2,048,874,909.62 | 48.63% | 8.30% | Increase in unexpired structured deposits at period-end | | Total Assets | 4,223,916,938.33 | 100.00% | 4,212,935,512.19 | 100.00% | 0.26% | | - The company had no significant overseas assets during the reporting period[51](index=51&type=chunk) - The company's financial assets measured at fair value totaled **2.40 billion yuan** at period-end, primarily consisting of trading financial assets[52](index=52&type=chunk) - As of the end of the reporting period, there were no restrictions on the company's asset rights[53](index=53&type=chunk) [Analysis of Investment Status](index=15&type=section&id=VI.%20Analysis%20of%20Investment%20Status) Total investment reached **3.31 billion yuan**, up **7.34%**, with **2.40 billion yuan** in fair value financial assets; raised funds utilization was **49.88%**, and **312 million yuan** in excess funds remain unused Investment Amount During the Reporting Period | Indicator | Investment Amount During Reporting Period (yuan) | Investment Amount in Same Period Last Year (yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Investment | 3,308,941,429.65 | 3,082,533,874.00 | 7.34% | - The company had no significant equity or non-equity investments during the reporting period[54](index=54&type=chunk)[55](index=55&type=chunk) Financial Assets Measured at Fair Value | Asset Category | Amount at Period-End (yuan) | Source of Funds | | :--- | :--- | :--- | | Other (Own Funds) | 2,324,432,406.83 | Own Funds | | Other (Raised Funds) | 80,066,739.73 | Raised Funds | | **Total** | **2,404,499,146.56** | -- | Overall Utilization of Raised Funds | Net Raised Funds (10,000 yuan) | Total Raised Funds Used Cumulatively (10,000 yuan) | Utilization Rate of Raised Funds at Period-End | Total Unused Raised Funds (10,000 yuan) | | :--- | :--- | :--- | :--- | | 116,947.69 | 58,333.85 | 49.88% | 62,109.54 | - The investment deadline for the Haikan New Media Cloud Platform Upgrade Project was extended from October **2023** to October **2025**, primarily due to business expansion, market changes, and technological upgrades[61](index=61&type=chunk) - Excess raised funds of **311.70 million yuan** remain unallocated and unused as of June 30, **2025**[61](index=61&type=chunk) [Wealth Management, Derivative Investments, and Entrusted Loans](index=19&type=section&id=6.%20Wealth%20Management%2C%20Derivative%20Investments%2C%20and%20Entrusted%20Loans) Wealth management transactions totaled **2.49 billion yuan**, with **2.40 billion yuan** outstanding and no overdue amounts; no derivative investments or entrusted loans were reported Overview of Wealth Management During the Reporting Period | Specific Type | Source of Wealth Management Funds | Amount of Wealth Management Transactions (10,000 yuan) | Outstanding Balance (10,000 yuan) | Overdue Unrecovered Amount (10,000 yuan) | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 231,700 | 231,700 | 0 | | Bank Wealth Management Products | Raised Funds | 17,000 | 8,000 | 0 | | **Total** | -- | **248,700** | **239,700** | **0** | - The company had no derivative investments or entrusted loans during the reporting period[66](index=66&type=chunk) [Significant Asset and Equity Sales](index=19&type=section&id=VII.%20Significant%20Asset%20and%20Equity%20Sales) The company did not engage in any significant asset or equity sales during the reporting period - The company did not sell any significant assets or equity during the reporting period[67](index=67&type=chunk)[68](index=68&type=chunk) [Analysis of Major Holding and Participating Companies](index=20&type=section&id=VIII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) The company had no significant holding or participating company information requiring disclosure during the reporting period - The company had no significant holding or participating company information requiring disclosure during the reporting period[69](index=69&type=chunk) [Structured Entities Controlled by the Company](index=20&type=section&id=IX.%20Structured%20Entities%20Controlled%20by%20the%20Company) The company had no controlled structured entities during the reporting period - The company had no controlled structured entities during the reporting period[70](index=70&type=chunk) [Risks Faced by the Company and Countermeasures](index=20&type=section&id=X.%20Risks%20Faced%20by%20the%20Company%20and%20Countermeasures) The company addresses risks from policy changes, revenue concentration, license shifts, governance, tax policy, and IP disputes through communication, innovation, and enhanced management - The company faces risks from industrial policy changes and will strengthen communication with industry authorities, monitoring policy directions[70](index=70&type=chunk) - Revenue sources are concentrated in Shandong Province's IPTV business; the company will deepen cooperation with operators, expand value-added and innovative businesses, and cultivate national growth points[71](index=71&type=chunk) - To mitigate risks from changes in qualification authorizations, the company will strengthen license management and maintenance to ensure the validity of all qualifications[72](index=72&type=chunk)[73](index=73&type=chunk) - Addressing governance risks from company expansion, the company will rigorously improve management levels and strengthen talent development and incentive mechanisms[74](index=74&type=chunk) - Facing risks from changes in tax preferential policies, the company will closely monitor policy shifts, reduce costs, and enhance core competitiveness[75](index=75&type=chunk) - To mitigate intellectual property dispute risks, the company will establish and improve copyright procurement management systems and intensify rights protection efforts[76](index=76&type=chunk) [Registration Form for Research, Communication, and Interview Activities During the Reporting Period](index=21&type=section&id=XI.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20and%20Interview%20Activities%20During%20the%20Reporting%20Period) The company engaged with investors online, discussing operating conditions, business development, and performance for the 2024 full year and Q1 2025 - On April 25, May 9, and May 15, **2025**, the company hosted institutional and general investors through online platform discussions[77](index=77&type=chunk)[78](index=78&type=chunk) - Discussion topics primarily covered the company's operating conditions, business development, and performance explanations for the **2024** full year and the first quarter of **2025**[77](index=77&type=chunk)[78](index=78&type=chunk) [Formulation and Implementation of Market Value Management System and Valuation Enhancement Plan](index=22&type=section&id=XII.%20Formulation%20and%20Implementation%20of%20Market%20Value%20Management%20System%20and%20Valuation%20Enhancement%20Plan) The company adopted a "Market Value Management System" on January 24, **2025**, to enhance investment value and returns, but no valuation enhancement plan was disclosed - The company has formulated a "Market Value Management System" to standardize market value management, enhance investment value, and improve investor returns[79](index=79&type=chunk) - The company did not disclose a valuation enhancement plan[79](index=79&type=chunk) [Implementation of the "Dual Improvement in Quality and Returns" Action Plan](index=22&type=section&id=XIII.%20Implementation%20of%20the%20%22Dual%20Improvement%20in%20Quality%20and%20Returns%22%20Action%20Plan) The company disclosed its "Dual Improvement in Quality and Returns" action plan on January 27, **2025**, focusing on core business, standardized operations, and shareholder returns - The company has disclosed its "Dual Improvement in Quality and Returns" action plan, aiming to enhance the quality and investment value of the listed company and protect shareholder interests[80](index=80&type=chunk) - The plan outlines action measures focusing on strengthening core business, standardizing operations, improving communication channels, and implementing shareholder return mechanisms[80](index=80&type=chunk) [Corporate Governance, Environment, and Society](index=23&type=section&id=Part%20IV%20Corporate%20Governance%2C%20Environment%2C%20and%20Society) [Changes in Directors, Supervisors, and Senior Management](index=23&type=section&id=I.%20Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) No changes occurred in the company's directors, supervisors, or senior management during the reporting period - There were no changes in the company's directors, supervisors, and senior management during the reporting period[82](index=82&type=chunk) [Profit Distribution and Capital Reserve to Share Capital Conversion for the Current Reporting Period](index=23&type=section&id=II.%20Profit%20Distribution%20and%20Capital%20Reserve%20to%20Share%20Capital%20Conversion%20for%20the%20Current%20Reporting%20Period) The company proposes a cash dividend of **0.50 yuan per 10 shares** based on **417 million shares**, totaling **20.85 million yuan**, with no bonus shares or capital reserve conversion Profit Distribution Plan for the Current Reporting Period | Indicator | Content | | :--- | :--- | | Bonus shares per 10 shares | 0 shares | | Dividend per 10 shares (tax inclusive) | 0.50 yuan | | Share capital base for distribution plan | 417,000,000 shares | | Cash dividend amount (tax inclusive) | 20,850,000.00 yuan | | Ratio of total cash dividend to total profit distribution | 100.00% | - This profit distribution plan complies with the company's articles of association and review procedures, without affecting the legitimate rights and interests of small and medium investors[83](index=83&type=chunk) [Implementation of Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=23&type=section&id=III.%20Implementation%20of%20Equity%20Incentive%20Plans%2C%20Employee%20Stock%20Ownership%20Plans%2C%20or%20Other%20Employee%20Incentive%20Measures) The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period - The company had no equity incentive plans, employee stock ownership plans, or other employee incentive measures during the reporting period[84](index=84&type=chunk) [Environmental Information Disclosure](index=24&type=section&id=IV.%20Environmental%20Information%20Disclosure) The listed company and its main subsidiaries are not on the list of enterprises required to disclose environmental information by law - The listed company and its main subsidiaries are not included in the list of enterprises required to disclose environmental information by law[85](index=85&type=chunk) [Social Responsibility](index=24&type=section&id=V.%20Social%20Responsibility) The company had no social responsibility disclosures during the reporting period - The company had no social responsibility disclosures during the reporting period[85](index=85&type=chunk) [Significant Matters](index=25&type=section&id=Part%20V%20Significant%20Matters) [Fulfillment of Commitments](index=25&type=section&id=I.%20Fulfillment%20of%20Commitments%20by%20Actual%20Controller%2C%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20During%20the%20Reporting%20Period%20and%20Overdue%20Unfulfilled%20Commitments%20as%20of%20Period-End) No commitments by the actual controller, shareholders, or related parties were fulfilled or overdue during the reporting period - There were no commitments fulfilled or overdue unfulfilled commitments by related parties during the reporting period[87](index=87&type=chunk) [Non-Operating Fund Occupation](index=25&type=section&id=II.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholder%20and%20Other%20Related%20Parties%20of%20the%20Listed%20Company) No non-operating occupation of company funds by the controlling shareholder or other related parties occurred during the reporting period - There was no non-operating occupation of listed company funds by the controlling shareholder or other related parties during the reporting period[88](index=88&type=chunk) [Irregular External Guarantees](index=25&type=section&id=III.%20Irregular%20External%20Guarantees) The company had no irregular external guarantees during the reporting period - There were no irregular external guarantees during the reporting period[89](index=89&type=chunk) [Appointment and Dismissal of Accounting Firms](index=25&type=section&id=IV.%20Appointment%20and%20Dismissal%20of%20Accounting%20Firms) The company's semi-annual financial report remained unaudited - The company's semi-annual financial report was not audited[90](index=90&type=chunk) [Explanation by the Board of Directors, Supervisory Board, and Audit Committee on the Accountant's "Non-Standard Audit Report" for the Current Reporting Period](index=25&type=section&id=V.%20Explanation%20by%20the%20Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Audit%20Committee%20on%20the%20Accountant%27s%20%22Non-Standard%20Audit%20Report%22%20for%20the%20Current%20Reporting%20Period) The company had no non-standard audit report during the reporting period - There was no non-standard audit report during the reporting period[91](index=91&type=chunk) [Explanation by the Board of Directors on the Previous Year's "Non-Standard Audit Report"](index=25&type=section&id=VI.%20Explanation%20by%20the%20Board%20of%20Directors%20on%20the%20Previous%20Year%27s%20%22Non-Standard%20Audit%20Report%22) The company had no non-standard audit report from the previous year during the reporting period - There was no non-standard audit report from the previous year during the reporting period[91](index=91&type=chunk) [Bankruptcy and Reorganization Matters](index=25&type=section&id=VII.%20Bankruptcy%20and%20Reorganization%20Matters) The company had no bankruptcy and reorganization matters during the reporting period - No bankruptcy and reorganization matters occurred during the reporting period[91](index=91&type=chunk) [Litigation Matters](index=25&type=section&id=VIII.%20Litigation%20Matters) No significant litigation or arbitration occurred; other lawsuits totaling **34.34 million yuan** are ongoing with no material impact expected, thus no provisions were made - The company had no significant litigation or arbitration matters during the reporting period[92](index=92&type=chunk) Summary of Other Litigation Matters | Basic Information of Litigation | Amount Involved (10,000 yuan) | Whether a Provision for Liabilities is Formed | Litigation Progress | Trial Outcome and Impact | | :--- | :--- | :--- | :--- | :--- | | Summary of other litigations not meeting the disclosure threshold for significant litigation | 3,433.7 | No | Withdrawn, settled, or ongoing | No significant impact expected | - The company believes the likelihood of economic outflow due to losing pending litigation is small, thus no provisions for liabilities have been made[118](index=118&type=chunk) [Penalties and Rectification](index=26&type=section&id=IX.%20Penalties%20and%20Rectification) The company had no penalties or rectification situations during the reporting period - There were no penalties or rectification situations during the reporting period[94](index=94&type=chunk) [Integrity Status](index=26&type=section&id=X.%20Integrity%20Status%20of%20the%20Company%2C%20Its%20Controlling%20Shareholder%2C%20and%20Actual%20Controller) No integrity issues were reported for the company, its controlling shareholder, or actual controller during the reporting period - There were no integrity issues concerning the company, its controlling shareholder, or actual controller during the reporting period[95](index=95&type=chunk) [Significant Related Party Transactions](index=26&type=section&id=XI.%20Significant%20Related%20Party%20Transactions) Related party transactions included **13.56 million yuan** in purchases and **0.99 million yuan** in sales; no significant asset, equity, investment, or debt-related party transactions occurred Related Party Transactions for Purchase and Sale of Goods, and Provision and Acceptance of Services | Content of Related Party Transaction | Amount for Current Period (yuan) | | :--- | :--- | | Total purchases of goods/acceptance of services | 13,562,639.39 | | Total sales of goods/provision of services | 989,400.03 | - The company had no related party transactions involving asset or equity acquisition or disposal during the reporting period[96](index=96&type=chunk) - The company had no related party debts or receivables during the reporting period[98](index=98&type=chunk) [Significant Contracts and Their Fulfillment](index=27&type=section&id=XII.%20Significant%20Contracts%20and%20Their%20Fulfillment) No entrustment, contracting, leasing, or significant guarantees occurred; major contracts were not detailed but no significant non-fulfillment risks were noted - The company had no entrustment, contracting, or leasing matters during the reporting period[102](index=102&type=chunk)[103](index=103&type=chunk)[104](index=104&type=chunk) - The company had no significant guarantees during the reporting period[105](index=105&type=chunk) - The company had no other significant contracts during the reporting period[108](index=108&type=chunk) [Explanation of Other Significant Matters](index=27&type=section&id=XIII.%20Explanation%20of%20Other%20Significant%20Matters) The company had no other significant matters requiring explanation during the reporting period - The company had no other significant matters requiring explanation during the reporting period[109](index=109&type=chunk) [Significant Matters of Company Subsidiaries](index=28&type=section&id=XIV.%20Significant%20Matters%20of%20Company%20Subsidiaries) The company had no significant matters concerning its subsidiaries during the reporting period - The company had no significant matters concerning its subsidiaries during the reporting period[110](index=110&type=chunk) [Share Changes and Shareholder Information](index=29&type=section&id=Part%20VI%20Share%20Changes%20and%20Shareholder%20Information) [Share Change Status](index=29&type=section&id=I.%20Share%20Change%20Status) Total shares remained **417 million**, with **70.73%** restricted and **29.27%** unrestricted; no share repurchases or other significant share changes occurred Share Change Status | Share Type | Quantity (shares) | Proportion | | :--- | :--- | :--- | | I. Restricted Shares | 294,924,608 | 70.73% | | II. Unrestricted Shares | 122,075,392 | 29.27% | | **III. Total Shares** | **417,000,000** | **100.00%** | - The company's total share capital remained unchanged during the reporting period, with no reasons for change, approval status, or transfer status[113](index=113&type=chunk) - The company had no progress on share repurchases or reductions of repurchased shares through concentrated bidding during the reporting period[113](index=113&type=chunk) [Changes in Restricted Shares](index=30&type=section&id=2.%20Changes%20in%20Restricted%20Shares) The company had no changes in restricted shares during the reporting period - The company had no changes in restricted shares during the reporting period[113](index=113&type=chunk) [Securities Issuance and Listing](index=30&type=section&id=II.%20Securities%20Issuance%20and%20Listing) The company had no securities issuance or listing during the reporting period - The company had no securities issuance or listing during the reporting period[113](index=113&type=chunk) [Shareholder Numbers and Shareholding Status](index=30&type=section&id=III.%20Shareholder%20Numbers%20and%20Shareholding%20Status) Total common shareholders were **12,679**; top ten shareholders, including Media Group (**69.59%**), maintained stable holdings with no pledges or freezes Total Number of Common Shareholders at Period-End | Indicator | Quantity | | :--- | :--- | | Total number of common shareholders at period-end | 12,679 households | Shareholding Status of Shareholders Holding 5% or More or Top 10 Shareholders | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held at Period-End (shares) | Number of Restricted Shares Held (shares) | Number of Unrestricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Media Group | State-owned legal person | 69.59% | 290,180,387 | 290,180,387 | 0 | | Puhua Huixin | Other | 8.85% | 36,910,619 | 0 | 36,910,619 | | Zhongwen Chuantou | Domestic non-state-owned legal person | 6.49% | 27,083,513 | 0 | 27,083,513 | | Guangdian Fanqiao | Other | 4.45% | 18,564,567 | 4,744,221 | 13,820,346 | - The controlling shareholder, Guangdian Media Group, is a limited partner of the company's shareholder Guangdian Fanqiao, holding a **23.81%** partnership interest[115](index=115&type=chunk) [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=32&type=section&id=IV.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period - The shareholdings of the company's directors, supervisors, and senior management remained unchanged during the reporting period[117](index=117&type=chunk) [Changes in Controlling Shareholder or Actual Controller](index=32&type=section&id=V.%20Changes%20in%20Controlling%20Shareholder%20or%20Actual%20Controller) The company's controlling shareholder and actual controller remained unchanged during the reporting period - The company's controlling shareholder and actual controller remained unchanged during the reporting period[118](index=118&type=chunk) [Preferred Shares Information](index=33&type=section&id=VI.%20Preferred%20Shares%20Information) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[119](index=119&type=chunk) [Bond-Related Information](index=33&type=section&id=Part%20VII%20Bond-Related%20Information) [Bond-Related Information](index=33&type=section&id=Bond-Related%20Information) The company had no bond-related information during the reporting period - The company had no bond-related information during the reporting period[121](index=121&type=chunk) [Financial Report](index=34&type=section&id=Part%20VIII%20Financial%20Report) [Audit Report](index=34&type=section&id=I.%20Audit%20Report) The company's semi-annual financial report remained unaudited - The company's semi-annual financial report was not audited[123](index=123&type=chunk) [Financial Statements](index=34&type=section&id=II.%20Financial%20Statements) The company's H1 **2025** consolidated and parent company financial statements are presented, including balance sheets, income statements, cash flow, and equity changes - Financial statements include consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity[124](index=124&type=chunk) [Consolidated Balance Sheet](index=34&type=section&id=1.%20Consolidated%20Balance%20Sheet) As of June 30, **2025**, consolidated total assets were **4.22 billion yuan**, with **4.04 billion yuan** in current assets and **3.78 billion yuan** in owners' equity Key Consolidated Balance Sheet Data (June 30, 2025) | Item | Period-End Balance (yuan) | Period-Beginning Balance (yuan) | | :--- | :--- | :--- | | Monetary Funds | 1,014,099,385.54 | 1,051,427,943.92 | | Trading Financial Assets | 2,404,499,146.56 | 2,048,874,909.62 | | Accounts Receivable | 598,657,776.12 | 922,097,576.44 | | Total Current Assets | 4,037,121,512.60 | 4,031,027,683.34 | | Total Non-Current Assets | 186,795,425.73 | 181,907,828.85 | | **Total Assets** | **4,223,916,938.33** | **4,212,935,512.19** | | Accounts Payable | 368,608,693.89 | 375,416,813.11 | | Contract Liabilities | 10,550,053.53 | 9,737,502.09 | | Total Current Liabilities | 447,969,120.55 | 486,117,864.96 | | Total Non-Current Liabilities | 1,406,456.88 | 17,190,432.32 | | **Total Liabilities** | **449,375,577.43** | **503,308,297.28** | | Total Owners' Equity Attributable to Parent Company | 3,774,541,360.90 | 3,709,627,214.91 | | **Total Owners' Equity** | **3,774,541,360.90** | **3,709,627,214.91** | [Parent Company Balance Sheet](index=36&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) As of June 30, **2025**, parent company total assets were **4.22 billion yuan**, with **4.03 billion yuan** in current assets and **3.77 billion yuan** in owners' equity Key Parent Company Balance Sheet Data (June 30, 2025) | Item | Period-End Balance (yuan) | Period-Beginning Balance (yuan) | | :--- | :--- | :--- | | Monetary Funds | 1,004,793,091.11 | 1,045,767,035.82 | | Trading Financial Assets | 2,404,499,146.56 | 2,048,874,909.62 | | Accounts Receivable | 594,473,685.54 | 914,591,712.20 | | Total Current Assets | 4,031,554,529.33 | 4,027,156,726.61 | | Total Non-Current Assets | 186,731,723.28 | 176,670,719.31 | | **Total Assets** | **4,218,286,252.61** | **4,203,827,445.92** | | Accounts Payable | 368,279,995.00 | 373,588,683.16 | | Contract Liabilities | 10,158,010.13 | 8,741,685.09 | | Total Current Liabilities | 445,674,722.43 | 480,339,889.85 | | Total Non-Current Liabilities | 1,280,792.08 | 17,040,710.93 | | **Total Liabilities** | **446,955,514.51** | **497,380,600.78** | | Total Owners' Equity | 3,771,330,738.10 | 3,706,446,845.14 | [Consolidated Income Statement](index=38&type=section&id=3.%20Consolidated%20Income%20Statement) In H1 **2025**, total operating revenue was **466 million yuan** (down **4.57%**), operating profit **252 million yuan**, and net profit **232 million yuan** (up **4.45%**), with **EPS of 0.56 yuan** Key Consolidated Income Statement Data (H1 2025) | Item | H1 2025 (yuan) | H1 2024 (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 465,782,206.69 | 488,089,821.84 | | Total Operating Costs | 256,003,286.26 | 258,581,821.85 | | Operating Profit | 252,393,304.08 | 259,818,687.35 | | Total Profit | 271,190,195.24 | 259,625,268.17 | | Income Tax Expense | 39,476,049.25 | 37,786,898.35 | | **Net Profit** | **231,714,145.99** | **221,838,369.82** | | Net Profit Attributable to Owners of Parent Company | 231,714,145.99 | 221,838,369.82 | | Basic Earnings Per Share | 0.56 | 0.53 | | Diluted Earnings Per Share | 0.56 | 0.53 | [Parent Company Income Statement](index=40&type=section&id=4.%20Parent%20Company%20Income%20Statement) In H1 **2025**, parent company operating revenue was **462 million yuan**, operating profit **252 million yuan**, and net profit **232 million yuan**, up **5.37%** year-on-year Key Parent Company Income Statement Data (H1 2025) | Item | H1 2025 (yuan) | H1 2024 (yuan) | | :--- | :--- | :--- | | Operating Revenue | 461,757,904.04 | 482,375,569.52 | | Operating Cost | 206,467,915.52 | 214,559,121.74 | | Operating Profit | 252,363,037.12 | 257,863,001.43 | | Total Profit | 271,159,927.21 | 257,669,582.25 | | Income Tax Expense | 39,476,034.25 | 37,786,898.35 | | **Net Profit** | **231,683,892.96** | **219,882,683.90** | [Consolidated Cash Flow Statement](index=42&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) In H1 **2025**, operating cash flow was **462 million yuan** (up **77.25%**), investing cash flow was **-353 million yuan**, and financing cash flow was **-146 million yuan**, resulting in a **-37.33 million yuan** net change in cash Key Consolidated Cash Flow Statement Data (H1 2025) | Item | H1 2025 (yuan) | H1 2024 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 462,012,000.45 | 260,652,308.24 | | Net Cash Flow from Investing Activities | -353,390,558.83 | 416,008,646.85 | | Net Cash Flow from Financing Activities | -145,950,000.00 | 0.00 | | Net Increase in Cash and Cash Equivalents | -37,328,558.38 | 676,660,955.09 | | Cash and Cash Equivalents at Period-End | 1,014,099,385.54 | 1,890,002,294.71 | [Parent Company Cash Flow Statement](index=43&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) In H1 **2025**, parent company operating cash flow was **461 million yuan**, investing cash flow **-356 million yuan**, and financing cash flow **-146 million yuan**, with a **-40.97 million yuan** net change in cash Key Parent Company Cash Flow Statement Data (H1 2025) | Item | H1 2025 (yuan) | H1 2024 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 461,186,209.79 | 263,201,395.06 | | Net Cash Flow from Investing Activities | -356,210,154.50 | 416,008,646.85 | | Net Cash Flow from Financing Activities | -145,950,000.00 | 0.00 | | Net Increase in Cash and Cash Equivalents | -40,973,944.71 | 679,210,041.91 | | Cash and Cash Equivalents at Period-End | 1,004,793,091.11 | 1,886,451,763.15 | [Consolidated Statement of Changes in Owners' Equity](index=44&type=section&id=7.%20Consolidated%20Statement%20of%20Changes%20in%20Owners%27%20Equity) In H1 **2025**, consolidated owners' equity increased by **64.91 million yuan**, driven by **232 million yuan** net profit and **167 million yuan** profit distribution reduction Consolidated Statement of Changes in Owners' Equity (H1 2025) | Item | Period-Beginning Balance (yuan) | Amount of Change for Current Period (yuan) | Period-End Balance (yuan) | | :--- | :--- | :--- | :--- | | Total Owners' Equity Attributable to Parent Company | 3,709,627,214.91 | 64,914,145.99 | 3,774,541,360.90 | | Including: Net Profit | | 231,714,145.99 | | | Profit Distribution | | -166,800,000.00 | | [Parent Company Statement of Changes in Owners' Equity](index=48&type=section&id=8.%20Parent%20Company%20Statement%20of%20Changes%20in%20Owners%27%20Equity) In H1 **2025**, parent company owners' equity increased by **64.88 million yuan**, driven by **232 million yuan** net profit and **167 million yuan** profit distribution reduction Parent Company Statement of Changes in Owners' Equity (H1 2025) | Item | Period-Beginning Balance (yuan) | Amount of Change for Current Period (yuan) | Period-End Balance (yuan) | | :--- | :--- | :--- | :--- | | Total Owners' Equity | 3,706,446,845.14 | 64,883,892.96 | 3,771,330,738.10 | | Including: Net Profit | | 231,683,892.96 | | | Profit Distribution | | -166,800,000.00 | | [Company Basic Information](index=51&type=section&id=III.%20Company%20Basic%20Information) Formerly Shandong Guangdian New Media, the company became a joint-stock entity in **2019**, listed on SZSE on June 20, **2023**, with **417 million yuan** registered capital, focusing on IPTV and diverse media sectors - The company, formerly Shandong Guangdian New Media Co., Ltd., was restructured into a joint-stock company on November 28, **2019**[158](index=158&type=chunk) - The company's shares were listed and traded on the Shenzhen Stock Exchange on June 20, **2023**[158](index=158&type=chunk) - The company's registered capital is **417 million yuan**, with a total share capital of **417 million shares**[158](index=158&type=chunk) - The company's main product and service is IPTV business, with a business scope covering second-category value-added telecommunications services, radio and television program production and operation, and online cultural operations[160](index=160&type=chunk)[161](index=161&type=chunk) [Basis for Preparation of Financial Statements](index=52&type=section&id=IV.%20Basis%20for%20Preparation%20of%20Financial%20Statements) Financial statements are prepared on a going concern basis, adhering to accounting standards and CSRC regulations, with no significant doubts about continued operations - The company prepares its financial statements on a going concern basis, in accordance with Enterprise Accounting Standards and relevant regulations of the China Securities Regulatory Commission[163](index=163&type=chunk) - There are no matters or circumstances that would cause significant doubt about the going concern assumption for the 12 months from the end of the reporting period[164](index=164&type=chunk) [Significant Accounting Policies and Estimates](index=52&type=section&id=V.%20Significant%20Accounting%20Policies%20and%20Estimates) The company details its significant accounting policies and estimates, covering standards, accounting period, revenue recognition, government grants, and deferred income tax - The company's financial statements comply with Enterprise Accounting Standards, accurately and completely reflecting financial position, operating results, and cash flows[166](index=166&type=chunk) - The accounting year is from January 1 to December 31, with the actual preparation period for these financial statements being January 1, **2025**, to June 30, **2025**[167](index=167&type=chunk)[168](index=168&type=chunk) - The company recognizes revenue when control of goods is transferred to the customer, using the transfer of control as the criterion for revenue recognition[266](index=266&type=chunk) - The company applies the gross method for government grants, recognizing asset-related grants as deferred income and income-related grants as current profit or loss or deferred income based on the compensation period[279](index=279&type=chunk) - The company recognizes deferred income tax using the balance sheet liability method, based on temporary differences between the carrying amounts of assets and liabilities and their tax bases[280](index=280&type=chunk) [Changes in Significant Accounting Policies and Estimates](index=82&type=section&id=43.%20Changes%20in%20Significant%20Accounting%20Policies%20and%20Estimates) No significant changes in accounting policies or estimates, nor any adjustments from initial adoption of new accounting standards, occurred during the reporting period - The company had no significant changes in accounting policies or estimates during the reporting period[300](index=300&type=chunk) - The company had no adjustments to financial statement items at the beginning of the first year of adopting new accounting standards during the reporting period[300](index=300&type=chunk) [Other](index=82&type=section&id=44.%20Other) The company had no other accounting policies and estimates requiring disclosure during the reporting period - The company had no other accounting policies and estimates requiring disclosure during the reporting period[300](index=300&type=chunk) [Taxation](index=82&type=section&id=VI.%20Taxation) The company discloses main tax categories and rates, with the company and subsidiaries enjoying **15%** high-tech enterprise income tax and other preferential policies Main Tax Categories and Rates | Tax Category | Tax Rate | | :--- | :--- | | VAT | 13%, 9%, 6%, 3% | | Urban Maintenance and Construction Tax | 7% | | Corporate Income Tax | 15%, 20% | | Cultural Development Fee | 3% | | Education Surcharge | 3% | | Local Education Surcharge | 2% | | Property Tax | 1.2%, 12% | Taxable Entities with Different Corporate Income Tax Rates | Taxable Entity Name | Income Tax Rate | | :--- | :--- | | Haikan Network Technology (Shandong) Co., Ltd. | 15% | | Shandong Haikan New Media Research Institute Co., Ltd. | 15% | | Qingdao Bazhua Huyu Media Co., Ltd. | 20% | - The company and Shandong Haikan New Media Research Institute Co., Ltd., as high-tech enterprises, enjoy a **15%** preferential corporate income tax rate[301](index=301&type=chunk)[302](index=302&type=chunk) - Qingdao Bazhua Huyu Media Co., Ltd., as a small and micro-profit enterprise, is subject to corporate income tax at a **20%** rate on **25%** of its taxable income and benefits from VAT reductions for small-scale taxpayers[302](index=302&type=chunk)[303](index=303&type=chunk) [Notes to Consolidated Financial Statement Items](index=83&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed notes on consolidated financial statement items, including balances and changes for assets, liabilities, equity, revenue, costs, and various income/expense categories Monetary Funds (Period-End Balance) | Item | Period-End Balance (yuan) | | :--- | :--- | | Bank Deposits | 1,014,099,385.54 | | **Total** | **1,014,099,385.54** | Trading Financial Assets (Period-End Balance) | Item | Period-End Balance (yuan) | | :--- | :--- | | Structured Deposits - Principal | 2,397,000,000.00 | | Structured Deposits - Fair Value Change | 7,499,146.56 | | **Total** | **2,404,499,146.56** | Accounts Receivable (Period-End Book Balance) | Aging | Period-End Book Balance (yuan) | | :--- | :--- | | Within 1 year (inclusive) | 621,666,5

证券代码：301262 证券简称：海看股份 公告编号：2025-022 海看网络科技（山东）股份有限公司 第二届董事会第十七次会议决议公告 本公司全体董事、高级管理人员保证公告内容的真实、准确和完整，并对公 告中的虚假记载、误导性陈述或者重大遗漏承担责任。 一、董事会会议召开情况 海看网络科技（山东）股份有限公司（以下简称"公司"）第二届董事会第 十七次会议于 2025 年 8 月 22 日（星期五）在公司会议室以现场结合通讯的方式 召开。会议通知已于 2025 年 8 月 12 日以专人送达、通讯等方式送达。本次会议 应出席董事 9 人，实际出席董事 9 人，其中董事查勇、孙珊、杨承磊以通讯方式 出席。会议由董事长张先主持，公司部分监事、高管列席。会议的召集和召开符 合有关法律、法规、规章和《公司章程》的规定。 （二）审议通过《2025 年半年度利润分配预案》 根据公司 2024 年年度股东大会的授权，为积极回报股东，与股东共享公司 经营成果，经综合考虑公司目前经营状况、未来发展需要及股东利益，公司 2025 年半年度利润分配预案为：以公司总股本 417,000,000 股为基数，向全体股东每 10 股派发 ...

证券代码：301262 证券简称：海看股份 公告编号：2025-025 海看网络科技（山东）股份有限公司 关于 2025 年半年度利润分配预案的公告 特别提示： 1、海看网络科技（山东）股份有限公司（以下简称"公司"）2025 年半年 度利润分配预案为：以公司总股本 417,000,000 股为基数，向全体股东每 10 股派 发现金红利 0.50 元（含税），总计派发现金股利人民币 20,850,000 元（含税）。 本次不进行送股及资本公积转增股本。 2、公司现金分红方案不涉及《深圳证券交易所创业板股票上市规则》第 9.4 条相关规定的可能被实施其他风险警示情形。 一、审议程序 公司于 2025 年 8 月 22 日召开第二届董事会第十七次会议和第二届监事会第 十三次会议，分别审议通过了公司《2025 年半年度利润分配预案》。本次利润 分配已获公司于 2025 年 6 月 18 日召开的 2024 年年度股东大会授权，满足关于 授权董事会决定 2025 年中期利润分配方案并实施现金分红的条件，无需再次提 交股东大会审议。 （一）董事会审议情况及意见 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， ...

Core Viewpoint - The television broadcasting sector experienced a decline of 0.88% on the trading day, with Jishi Media leading the drop, while the overall market indices showed positive performance with the Shanghai Composite Index rising by 1.04% and the Shenzhen Component Index increasing by 0.89% [1] Group 1: Market Performance - The television broadcasting sector fell by 0.88% on the previous trading day [1] - The Shanghai Composite Index closed at 3766.21, up 1.04% [1] - The Shenzhen Component Index closed at 11926.74, up 0.89% [1] Group 2: Capital Flow - The television broadcasting sector saw a net outflow of 427 million yuan from main funds, while retail investors contributed a net inflow of 420 million yuan [2] - The table provided details the capital flow for individual stocks within the sector, highlighting varying levels of net inflow and outflow among different companies [2]

Key Points - The article highlights significant announcements from various companies, including stock trading issues, project investments, contract wins, operational data, equity acquisitions, share buybacks, and financial performance [1][2]. Group 1: Company Highlights - Chunzhong Technology may apply for a trading suspension if further stock trading anomalies occur [1] - North New Building Materials plans to invest in a project to produce 80 million square meters of paper-faced gypsum board and 20,000 tons of light steel keel annually [1] - Jindun Co., Ltd. recently won contracts totaling 90.8256 million yuan [1] - Xinhua Insurance reported a cumulative original insurance premium income of 137.806 billion yuan from January to July, a year-on-year increase of 23% [1] - Jiemai Technology's subsidiary plans to acquire 100% equity of Jiangxi Hongmei [1] - Shanying International has repurchased 2.65% of its shares [1] - Unisoc achieved a revenue of 3.047 billion yuan in the first half of the year, a year-on-year increase of 6.07% [1] - Aihome's net profit for the first half of the year was 789 million yuan, with a proposed dividend of 12 yuan per share [1][2] Group 2: Financial Data - Blue Lithium Chip reported a net profit of 333 million yuan in the first half of the year, a year-on-year increase of 99.09% [2] - China Construction signed new contracts totaling 2.6798 trillion yuan from January to July, a year-on-year increase of 1.4% [1] - China Chemical's total contract amount from January to July was 224.845 billion yuan [1] Group 3: Shareholder Actions - Yahui Long's actual controller and chairman plans to reduce holdings by no more than 3% [2] - Hai Kan Co., Ltd. shareholders plan to reduce holdings by a total of no more than 5.36% [2] - Shareholders of Haichuan Intelligent plan to reduce holdings by a total of no more than 6% [2] Group 4: Other Financial Activities - Shengquan Group plans to issue convertible bonds to raise no more than 2.5 billion yuan [1][2] - Jin Sanjiang plans to issue convertible bonds to raise no more than 290 million yuan for the construction of a silica production base in Malaysia [1][2]

Core Viewpoint - The shareholders of Haikan Co., Ltd. plan to reduce their holdings in the company through centralized bidding or block trading within a specified timeframe, indicating potential changes in ownership structure and market sentiment [1] Shareholder Reduction Plans - Shareholder Deqing Puying Investment Management Partnership intends to reduce its holdings by up to 16,096,200 shares, representing a maximum of 3.86% of the company's total share capital, during the period from September 9, 2025, to December 8, 2025 [1] - Shareholder Xinyu City Chinese Industry Investment Partnership plans to reduce its holdings by up to 6,255,000 shares, accounting for a maximum of 1.5% of the company's total share capital, within the same timeframe [1]

Core Insights - A total of 12 listed companies have disclosed share reduction plans, with no companies announcing share increases on the same day [1] Group 1: Share Reduction Details - Lianming Co., the controlling shareholder plans to reduce no more than 3.00% of the company's shares [2] - Geng Shanghai's shareholder Huijia Chuangtou intends to reduce no more than 1% of the company's shares [2] - Jinhui Co.'s shareholder Green Mine Fund plans to reduce no more than 3% of the company's shares [2] - Wanlang Magnetic Plastic's shareholder Ouyang Ruiqun intends to reduce no more than 2% of the company's shares [2] - Maipu Medical's Guoshou Chengda has cumulatively reduced 2.9958% of the company's shares [2] - Nanya New Materials' directors, including Zhang Dong, have reduced their shares [2] - Maihe Co.'s shareholder Wang Xuping plans to reduce no more than 150,000 shares [2] - Jujia Optoelectronics' actual controller and chairman Pan Huarong intends to reduce no more than 1% of the company's shares [2] - Huashu Media's Zhejiang Yitong Media plans to reduce no more than 1% of the company's shares [2] - Haizhu Co.'s shareholders Park Huahui and Zhongwen Chantu plan to collectively reduce no more than 5.36% of the company's shares [2] - Zhonghuan Environmental Protection's Jintong Anyi intends to reduce no more than 3.55% of the company's shares [2] - Haichuan Intelligent's shareholders Wu Guifang and Zheng Xuefen plan to collectively reduce no more than 6% of the company's shares [2]

Core Viewpoint - Shareholders of Haikan Co., Ltd. plan to reduce their holdings through various trading methods, indicating potential changes in the company's ownership structure [1] Group 1: Shareholder Actions - Shareholder Park Huahui, holding 8.85% of the shares, intends to reduce his stake by up to 16.0962 million shares, which is approximately 3.86% of the total share capital, within three months after 15 trading days [1] - Shareholder Zhongwen Chantu, holding 6.49% of the shares, plans to reduce his stake by up to 6.255 million shares, equivalent to about 1.5% of the total share capital, also within three months after 15 trading days [1]

海看股份公告，股东朴华惠新计划减持不超过16096200股，占公司总股本的3.86%；中文产投计划减持 不超过6255000股，占公司总股本的1.5%。两者合计减持比例不超过公司总股本的5.36%。减持期间为 自公告披露之日起15个交易日后的三个月内。减持原因为股东自身资金需求，股份来源为首次公开发行 前已发行的股份。 ...

海看股份公告，两持股5%以上股东朴华惠新、中文产投因资金需求，拟自2025年9月9日至2025年12月8 日通过集中竞价或大宗交易方式，分别减持公司股份合计不超过1609.62万股，占公司总股本3.86%；减 持不超过625.5万股，占公司总股本1.5%。上述股份均为首次公开发行前持有。 ...