Guangxi Beitou Technology(SH:600936) Shang Hai Zheng Quan Bao·2025-09-24 21:14Core Viewpoint - The company held a half-year performance briefing on September 24, 2025, to address investor concerns following a significant asset restructuring, which aims to improve operational efficiency and financial performance [1][2]. Group 1: Meeting Details - The performance briefing was conducted via the Shanghai Stock Exchange's online platform, featuring key executives including the chairman and general manager [2]. - The meeting was announced on September 17, 2025, prior to its occurrence [1]. Group 2: Investor Questions and Responses - The company's broadcasting business has been transferred to Guangxi Broadcasting Network Technology Development Co., Ltd. (Guangxi Technology) after the asset swap with Beitou Group, which was completed by the end of August 2025 [3][7]. - Local television stations' equity holdings are considered their own assets, and decisions regarding their retention or disposal are made independently by the respective shareholders [4][5][7]. - The company will disclose any name change in accordance with regulatory requirements, and the financial reports for the second half of 2025 will be issued under the current company name [6][8]. - The asset swap is part of a strategic move to optimize state-owned capital layout, enhancing the company's asset quality and profitability by integrating promising smart transportation assets while divesting loss-making broadcasting assets [6][7]. - The net asset value post-asset swap was reported as approximately 168.72 million yuan as of December 31, 2024, with future disclosures expected to provide updated figures [8]. - The company has acquired 51% of the equity in Guangxi Transportation Science and Technology Group, and will follow regulatory protocols for any necessary name changes and integration processes [9]. Group 3: Other Matters - Investors can access detailed content from the performance briefing on the Shanghai Stock Exchange's online platform [10]. - The company expressed gratitude to investors for their ongoing support and engagement [11].