Core Viewpoint - Haikan Co., Ltd. is a leading IPTV operator in Shandong, with a strong market position and growth potential in both its core and new business segments [1][6]. Group 1: Business Performance - As of Q3 2025, Haikan's revenue reached 698 million yuan, ranking 13th in the industry, with the top competitor, Huashu Media, generating 6.407 billion yuan [2]. - The main business revenue breakdown shows IPTV basic services at 398 million yuan (85.42%), IPTV value-added services at 55.08 million yuan (11.82%), and other services at 12.84 million yuan (2.76%) [2]. - The net profit for the same period was 319 million yuan, placing the company 5th in the industry, with the leading company, Dongfang Mingzhu, reporting a net profit of 534 million yuan [2]. Group 2: Financial Health - Haikan's debt-to-asset ratio was 9.76% in Q3 2025, significantly lower than the industry average of 41.83% [3]. - The gross profit margin stood at 54.81%, higher than the industry average of 23.05% [3]. Group 3: Management and Shareholder Structure - The total compensation for General Manager Zhang Xiaogang was 2.0777 million yuan in 2024, a decrease of 85,600 yuan from the previous year [4]. - As of September 30, 2025, the number of A-share shareholders decreased by 5.38% to 12,000, while the average number of shares held per shareholder increased by 5.68% to 10,200 [5]. Group 4: Growth Opportunities - The company has a solid user base with approximately 16.75 million IPTV basic service users, covering over 45 million people [6]. - Haikan has signed contracts for multiple micro-short dramas, with a total contract value exceeding 20 million yuan, and has produced 183 micro-short dramas and 33 overseas short dramas [6]. - The company invested 18.016 million yuan in R&D in the first half of 2025, focusing on technology innovation and developing its own AIGC platform [6]. Group 5: Future Projections - Forecasts suggest that Haikan's net profit will reach 443 million yuan in 2025, 466 million yuan in 2026, and 499 million yuan in 2027 [6]. - Revenue projections for 2025, 2026, and 2027 are estimated at 1.017 billion yuan, 1.055 billion yuan, and 1.092 billion yuan, respectively [7].

证券代码：301262 证券简称：海看股份 公告编号：2025-041 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。 特别提示： 1、拟聘任的会计师事务所：信永中和会计师事务所（特殊普通合伙）（以 下简称"信永中和"）；原聘任的会计师事务所：中汇会计师事务所（特殊普通 合伙）（以下简称"中汇"）。 2、变更会计师事务所的原因：根据《国有企业、上市公司选聘会计师事务 所管理办法》的有关规定，国有企业连续聘任同一会计师事务所原则上不超过 8 年。鉴于中汇已达到规定的最长连续聘任年限，为确保海看网络科技（山东）股 份有限公司（以下简称"公司"）审计工作的独立性和客观性，公司经公开招标 方式选聘 2025 年度审计服务机构。根据评标结果，公司拟聘任信永中和为公司 2025 年度财务和内部控制审计机构。 海看网络科技（山东）股份有限公司 关于拟变更会计师事务所的公告 公司已就变更会计师事务所的相关事宜与前后任会计师事务所进行了沟通， 前后任会计师事务所已明确知悉本次变更事项并确认无异议。 3、公司董事会审计委员会、董事会对本次拟变更会计师事务所事项不存在 异议。 4、 ...

证券代码：301262 证券简称：海看股份 公告编号：2025-039 海看网络科技（山东）股份有限公司 第二届董事会第十九次会议决议公告 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。 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 十九次会议于 2025 年 10 月 28 日（星期二）以现场结合通讯的方式召开。会议 通知已于 2025 年 10 月 24 日以通讯方式送达各位董事。本次会议应出席董事 9 人，实际出席董事 9 人（含委托出席董事 1 人），其中董事张晓刚、查勇、许强、 马得华以通讯方式参会，董事孙珊因公请假，委托董事会秘书邓强代为出席会议 并在授权范围内行使权利。会议由董事长张先召集并主持，公司高级管理人员列 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、董事会会议审议情况 （一）审议通过《2025 年第三季度报告》 经审议，董事会认为《2025 年第三季度报告》的编制和审议程序符合法律 法规和中国证监会的规定，所载信息真实、准确、完整地反映了公司的实际情况， 不存在任 ...

Group 1 - The company's third-quarter revenue is 233 million, a decrease of 8.57% [1] - The net profit for the third quarter is 87.41 million, down 18.56% [1] - For the first three quarters, the total revenue is 698 million, reflecting a decline of 5.94% [1] Group 2 - The net profit for the first three quarters is 319 million, showing a decrease of 3.05% [1]

Financial Performance - Q3 2025 revenue was CNY 232,700,765.01, a decrease of 8.57% year-over-year[3] - Net profit attributable to shareholders was CNY 87,413,583.39, down 18.56% compared to the same period last year[3] - Basic earnings per share decreased by 19.23% to CNY 0.21[3] - Total operating revenue for the current period was ¥698,482,971.70, a decrease of 5.93% from ¥742,592,310.69 in the previous period[16] - Net profit for the current period was ¥319,127,729.38, down 3.16% from ¥329,170,774.03 in the previous period[17] - Basic and diluted earnings per share were both ¥0.77, compared to ¥0.79 in the previous period[18] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,256,343,628.53, an increase of 1.03% from the previous year[3] - The company's total current assets amount to 4,069,777,696.03 yuan, slightly up from 4,031,027,683.34 yuan at the beginning of the period[12] - The total assets of the company are 4,256,343,628.53 yuan, compared to 4,212,935,512.19 yuan at the beginning of the period[12] - Total liabilities decreased to ¥415,238,684.24 from ¥503,308,297.28, indicating improved financial health[16] - The total non-current assets are valued at 186,565,932.50 yuan, up from 181,907,828.85 yuan at the beginning of the period[12] Cash Flow - Cash flow from operating activities increased by 46.62% to CNY 373,873,312.34[8] - The company reported a net cash flow from operating activities of ¥968,921,271.00, up from ¥687,091,890.78 in the previous period[18] - Cash inflow from investment activities was ¥4,393,490,859.77, compared to ¥4,294,563,739.42 in the previous period[18] - Net cash flow from investing activities was -$578.39 million, compared to -$177.70 million in the previous period[19] - Net cash flow from financing activities was -$187.65 million, an increase from -$120.10 million year-over-year[19] - The net increase in cash and cash equivalents was -$392.16 million, compared to -$42.79 million in the prior period[19] - The ending balance of cash and cash equivalents was $659.26 million, down from $1.17 billion at the end of the previous period[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,997[9] - The largest shareholder, Shandong Guangdian Media Group Co., Ltd., holds 69.59% of shares, totaling 290,180,387 shares[9] - The second-largest shareholder, Deqing Puying Investment Management Partnership, holds 8.85% of shares, totaling 36,910,619 shares[9] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[10] Operational Insights - The company plans to continue focusing on cost management and operational efficiency to enhance profitability in the upcoming quarters[17] - Total operating costs decreased slightly to ¥388,670,897.00 from ¥390,944,829.41, reflecting a cost reduction strategy[16] Other Financial Metrics - The company’s weighted average return on equity was 2.29%, a decrease of 0.75% from the previous year[3] - The company has no preferred shareholders or changes in restricted shares during the reporting period[10] - The company reported a significant increase in prepayments by 1339.78% to CNY 17,066,107.42[7] - Inventory increased by 378.17% to CNY 8,124,536.56, mainly due to an increase in copyright inventory[7] - Non-operating income rose dramatically by 19667.76% to CNY 4,041,786.32, primarily from government subsidies[7] - The company’s third-quarter financial report was not audited[20]

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].

北京德和衡律师事务所 BEIJING DHH LAW FIRM 北京德和衡律师事务所 关于海看网络科技（山东）股份有限公司 2025年第二次临时股东大会的 法律意见书 德和衡证见意见（2025）第205号 中国·北京市朝阳区建国门外大街 2 号银泰中心 C 座 11、12 层 电话： (+86 10) 8540 7666 邮编：100022 www.deheheng.com 北京德和衡律师事务所 关于海看网络科技（山东）股份有限公司 2025年第二次临时股东大会的 法律意见书 本法律意见书仅就本次股东大会的召集和召开程序、会议召集人和出席会议人员的资格、 会议表决程序和表决结果的合法有效性等发表意见，并不对本次股东大会所审议的议案内容和 该等议案中所表述的事实或数据的真实性和准确性发表意见。 本所及经办律师依据《律师事务所从事证券法律业务管理办法》等规定及本法律意见书出 具日以前已经发生或存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进 行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意 见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 ...

证券代码：301262 证券简称：海看股份 公告编号：2025-038 海看网络科技（山东）股份有限公司 2025 年第二次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、 本次股东大会不存在否决议案的情形。 2、 本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、 召开时间： 3、 召开方式：现场结合网络 4、 召集人：董事会 5、 主持人：董事长张先先生 6、 本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股 东会规则》《深圳证券交易所创业板股票上市规则》等有关法律、行政法规、部 门规章、规范性文件和《海看网络科技（山东）股份有限公司章程》的有关规定。 二、会议出席情况 （1）现场会议：2025 年 10 月 28 日（星期二）15:00 （2）网络投票：通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 10 月 28 日的交易时间，即 9:15-9:25，9:30-11:30 和 13:00-15:00；通过 深圳证券交易所互联网投票系统投票的具体时间为 2025 年 ...

Core Viewpoint - The management of Haikan Co., Ltd. (301262) emphasizes the importance of investor concerns regarding stock price and is committed to long-term, healthy development of the company [1] Group 1: Company Management Perspective - The management team is closely monitoring short-term market fluctuations influenced by macroeconomic factors, industry dynamics, and market sentiment [1] - The company believes that its intrinsic value is the fundamental support for its stock price [1] Group 2: Business Strategy - Haikan Co., Ltd. aims to focus on deepening and expanding its core business [1] - The company is committed to continuously optimizing operational efficiency and actively exploring new business growth points [1] - The goal is to deliver excellent performance to reward investor trust [1]

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]