11月18日，海看股份涨3.51%，成交额4.20亿元。两融数据显示，当日海看股份获融资买入额4691.75万 元，融资偿还3945.10万元，融资净买入746.66万元。截至11月18日，海看股份融资融券余额合计1.53亿 元。 截至9月30日，海看股份股东户数1.20万，较上期减少5.38%；人均流通股10175股，较上期增加5.68%。 2025年1月-9月，海看股份实现营业收入6.98亿元，同比减少5.94%；归母净利润3.19亿元，同比减少 3.05%。 分红方面，海看股份A股上市后累计派现6.62亿元。 机构持仓方面，截止2025年9月30日，海看股份十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股106.99万股，为新进股东。广发养老指数A（000968）位居第七大流通股东，持股73.65万 股，相比上期减少5300.00股。南方中证1000ETF（512100）位居第十大流通股东，持股42.21万股，相 比上期减少2500.00股。 责任编辑：小浪快报 融资方面，海看股份当日融资买入4691.75万元。当前融资余额1.53亿元，占流通市值的4.67%，融资余 额超过近一年90%分 ...

Group 1 - The core point of the news is that LiuJin Technology plans to transfer 51% of its subsidiary, Sichuan LiuJin Wine Industry Co., Ltd., to Xiong Yuguo for a nominal price of 1 yuan, due to the subsidiary's negative net assets of approximately -19.27 million yuan [1] - The transfer is part of a strategy to optimize the company's business structure and resource integration, as the wine subsidiary has not met performance expectations in recent years [1][2] - After the transaction, LiuJin Technology will no longer hold shares in the wine subsidiary, and it will not be included in the company's consolidated financial statements [1] Group 2 - LiuJin Technology's main business focuses on television channel coverage services, with expansions into areas such as large-screen entertainment platforms, 5G+4K/8K ultra-high-definition broadcasting solutions, and AI technology [2] - The company is committed to becoming a family entertainment AI operator, leveraging AI technology to accelerate industry upgrades [2] - The recent transaction is not expected to significantly impact the company's ongoing operations, financial status, or results, and it does not harm the interests of the company or its shareholders [2] Group 3 - Since March, LiuJin Technology has upgraded its Hubble system's AI capabilities by incorporating multi-modal large model technology, enhancing content monitoring and analysis [3] - The company is increasing its focus on AI smart terminal business in the operator market, collaborating with multiple provincial branches of China Mobile [3] - Future plans include deepening cooperation with operators in "AI + smart terminal" application scenarios [3]

Group 1 - The company aims to build a leading internet audiovisual platform, focusing on the strategic goal of developing the "Xiyue TV" media library [2] - The media library will integrate a wide range of content, including movies, TV series, animations, documentaries, variety shows, and esports [2] - The company is actively investing in and producing high-quality content, including multiple projects such as "Quegu," to enhance its competitive edge in copyright content [2]

Revenue and Profit Performance - In the first three quarters, the company achieved operating revenue of 9.063 billion yuan and a net profit attributable to shareholders of 1.016 billion yuan, representing year-on-year declines of 11.82% and 29.67% respectively, with a fully diluted EPS of 0.54 yuan [1] - For Q3 2025, the company reported revenue of 3.099 billion yuan and a net profit attributable to shareholders of 252 million yuan, with year-on-year declines of 6.58% and 33.47% respectively [1] - The decline in revenue is primarily due to the contraction of the traditional TV shopping business, while the decrease in net profit is attributed to increased investments in high-quality film and television content, ecological layout, and technology applications [1] - The operating cash flow for the first three quarters was 674 million yuan, showing a significant year-on-year increase of 307.14% [1] Core Business and Advertising - The core platform business, Mango TV, showed stable performance with operating revenue remaining flat year-on-year [1] - User engagement improved, with the average monthly active users of Mango TV increasing by approximately 11.08% year-on-year from January to September, outperforming the overall industry [1] - The advertising business is showing signs of recovery, with a year-on-year increase in advertising revenue in Q3 [1] Content Ecosystem and Upcoming Releases - The variety shows continue to maintain a leading position in the industry, with successful Q3 programs such as "The Great Escape Season 7" and "The Road to Glory 2025" [2] - In terms of drama series, titles like "Splendid Blossoms" and "Jin Yue Ru Ge" performed well, and the company has a reserve of nearly 100 film and television projects, supported by favorable policies from industry regulators [2] - Upcoming content includes the fifth season of "Goodbye, My Love" and the fantasy drama "Water Dragon Chant," which has already launched [2] - The company is also advancing its micro-short drama strategy, with original horizontal short dramas like "Jiang Song" topping the May short drama viewership rankings [2]

Core Insights - The fourth Digital Trade Fair showcased the launch of three major products from Huashu, highlighting the company's commitment to integrating artificial intelligence with various industries [1][2][3] Group 1: Product Launches - Huashu introduced the Huashu Intelligent Matrix, which focuses on five key areas: AI + New Audio-Visual, AI + New Life, AI + New Cultural Tourism, AI + New Governance, and AI + New Operations, aimed at promoting intelligent upgrades across multiple sectors [1] - The "New Father and Son" animated series, powered by AI, is one of the first long-form animations approved by the National Radio and Television Administration, emphasizing emotional storytelling through deep learning and emotional computing [2] - The "Poetry and Painting Zhejiang" cultural tourism benefit card for 2026 was launched, integrating high-quality tourism resources and services, and utilizing AI to enhance the travel experience [2][3] Group 2: Technological Integration - The Huashu Intelligent Matrix includes six intelligent entities in the audio-visual sector, enhancing content creation and user interaction, with features like voice channel switching and full-service support for content production [1] - The "New Father and Son" series leverages AI in various production stages, significantly reducing production time and labor costs while improving quality [2] - The 2026 version of the "Poetry and Painting Zhejiang" card offers upgraded benefits, covering over 300 premium scenic spots and businesses, maintaining a price of 199 yuan, while the total value of free benefits exceeds 13,000 yuan [3] Group 3: Future Directions - Huashu aims to continue deepening its artificial intelligence technology, enhancing scene adaptation and public service, positioning AI as a core driver for industry empowerment and improved quality of life [3]

Core Viewpoint - The 2025 Yangtze River Delta High-tech Audiovisual Expo will be held from September 26 to 28 at the Nanjing International Exhibition Center, focusing on the theme "Intelligent Integration of the Yangtze River Delta, Audiovisual Creation for the Future" [1] Group 1: Event Details - The expo will feature four regional pavilions from Shanghai, Jiangsu, Zhejiang, Anhui, and one city, along with three special exhibition areas focusing on technology equipment, content creation, and integrated applications [1] - Over 200 participating organizations will showcase seven cutting-edge technology scenarios, including 4K ultra-high definition, XR virtual production, AIGC, naked-eye 3D, and embodied robots [1] Group 2: Participating Companies - Leading companies such as iFLYTEK, Zhongke Dayang, iQIYI, and Youku will present new devices, technologies, and achievements [1] - The expo will also feature the production processes of films like "Nezha 2" and "Dongji Island" [1] Group 3: Special Events - The event will include the first release of the "Yangtze River Delta Audiovisual High-Quality Development Report" [1] - The "Golden Jasmine" audiovisual forum will invite experts to discuss high-quality development in the audiovisual sector and systemic changes in broadcasting media [1]

Group 1 - Company Chongqing Shuzhu Media (874811) submitted a counseling filing application to the China Securities Regulatory Commission for a public offering of shares to unspecified qualified investors and listing on the Beijing Stock Exchange on September 18, 2025, with Everbright Securities as the counseling institution [1] - The company previously attempted to apply for an IPO on the ChiNext board twice, first in September 2016 and again in December 2020, with the latter application being accepted by the Shenzhen Stock Exchange [2][5] - The total amount of funds to be raised in the current application is 265 million yuan, allocated to projects including content copyright procurement, mobile internet projects for new media, and a new media technology platform based on cloud computing and big data [2][3] Group 2 - The company reported projected revenues of 313.66 million yuan and 345.08 million yuan for the fiscal years 2023 and 2024, respectively, with net profits of 118.31 million yuan and 119.23 million yuan for the same periods [7][8] - The company's main revenue source is its IPTV business, which accounted for 92.39% and 93.16% of total revenue in 2023 and 2024, respectively [9][10] - The company has a significant partnership with Chongqing Telecom, which contributed 75.94% and 68.92% of the company's revenue in 2023 and 2024, respectively [10][11] Group 3 - In the first half of 2025, the company achieved a revenue of 169.37 million yuan, representing a year-on-year growth of 5.10%, and a net profit of 67.96 million yuan, reflecting a growth of 31.79% [12][14] - The company's gross profit margin improved to 43.44% in the first half of 2025, up from 39.46% in the previous year [14] - The company has increased its R&D investment, with 15.59 million yuan allocated in 2023, representing 4.52% of its revenue [9]

Group 1 - The core viewpoint of the report is that Wanlian Securities has given a "buy" rating for Xinmei Co., Ltd. (300770.SZ) based on several positive factors [1] - Revenue is steadily growing, supported by the continuation of tax incentives, which positively impacts the net profit attributable to the parent company [1] - The IPTV business is experiencing continuous growth in effective users, with various online activities significantly boosting the scale of value-added services [1] - The content copyright business is focused on diversification, with ongoing construction of the media asset library [1] - The internet television business is enhancing the functionality of cloud viewing products and rapidly advancing smart terminal operations [1]

Group 1 - The second Cross-Strait Youth Micro-Video and Audio Creation Week and "Sea Fusion Competition" broadcast season has commenced, aimed at promoting cultural integration between the two sides of the Taiwan Strait [1][2] - The event is co-hosted by the China Broadcasting and Television Association and the Taipei City Audio-Visual Program Production Association, with the opening ceremony held at Communication University of China [1][2] - The theme of the event emphasizes "inheriting Chinese culture and creating a shared vision," highlighting the importance of youth in shaping the future of cross-strait relations [2][3] Group 2 - The event has received support from the State Council's Taiwan Affairs Office and the National Radio and Television Administration, indicating its significance in fostering cultural exchange [3][6] - Participants, including over twenty youths from Taiwan, will collaborate with students from Communication University of China to create micro-video works, showcasing the potential of cross-strait cooperation [5][6] - The event aims to enhance the influence of Chinese audio-visual culture through various platforms, including major streaming services and cultural organizations [6]

你家的电视机还在"吃灰"吗？ 时代在进步，技术过时会被淘汰，设备陈旧就得升级，这是亘古不变的道理，就像我国的视频技术从标清学习、高清追赶，发展到超高清的部分自主核心技术处 于世界先进水平一样，电视产业的发展史，也是每一位电视爱好者的岁月史。 部分地区有线电视、IPTV等设立了超高清点播专区： 此外，京东等电商平台通过"以旧换新"补贴加速了超高清电视入户。 可以说，超高清技术将为视听作品带来主观感受上质的飞跃。 而2025年，我国电视剧行业迎来历史性转折——国家广电总局正式宣布，年底起，全国新拍电视剧、网络剧、纪录片将全面采用超高清（UHD）标准制作，新 闻、综艺等节目超高清占比显著提升。 以后大家家里可能会用上巴掌大的微型机顶盒，打开电视，就能看到更清晰更生动的画面。 同时，国家广播电视总局将2025年定为"超高清发展年"。目标到2027年实现全国50个超高清频道落地，65%的网络新节目普及4K。 本月初，广电更是下发通知，要求IPTV和互联网电视等平台设立超高清专区，共同推进超高清的普及工作。 细心的网友可能发现，爱奇艺、优酷、腾讯、B站、芒果TV、咪咕等6家头部视频平台已开设了超高清专栏，提供无磨皮高画质 ...