今日，2025上海车展在国家会展中心拉开帷幕！为进一步推进 票根经济效应，深入推动二次消 费转化， SMG看东方平台围绕本届车展 重磅推出车展专享消费季， 并同步开启发放 「车展专 享消费券」 ！ 与此同时， 深度联动国内三大综合一级票务平台之一"票星球"， 为广大车展观 众在车展期间提供「逛车展、看演出、住五星、玩到嗨」的全方位超值优惠！ 强合作！ 联手「票星球」全品类演出平台！ 划重点 01 作为上海广播电视台倾力打造的移动端综合视频主平台，看东方"魔都圈"文旅商体展消费季充分挖 掘票根经济效应，通过在SMG看东方小程序发放消费券并精心设计联动产品的方式推进落地拉动 二次消费。此次与国内三大综合一级票务平台之一 「票星球」 联手打造车展全品类演出平台"惠赢 未来-车迷观演体验站"囊括了200多个车展周期将在沪上发生的文体展活动。 活动以"音乐现场""剧场演出""展览玩乐""体育赛事"四大板块呈现，并提供专项沪上文体展优惠 券 ，不仅让观展用户可以快速找到喜欢的活动，并且可以享受到购票的特别优惠；此外还开设针 对于外国友人推出精选区，让国内外参展用户多方位体验上海的优质文体展内容和魅力。 不用抢！ 3 大票 ...

Core Viewpoint - The company, Jishi Media, has undergone an asset swap with its controlling shareholder, Jilin Radio and Television Station, which involves the transfer of assets related to IPTV and the establishment of a new subsidiary to manage these assets [3]. Financial Data - The first quarter financial statements have not been audited [2]. - The company has made retrospective adjustments to its financial statements due to the asset swap, affecting the consolidated profit and cash flow statements for the first quarter of 2024 [3]. Non-Recurring Gains and Losses - The company has identified significant non-recurring gains and losses, although specific amounts are not detailed in the announcement [4]. Shareholder Information - The company has repurchased a total of 50.91 million shares, representing 1.46% of its total share capital, to maintain company value and protect shareholder interests [6]. Quarterly Financial Statements - The financial statements for the first quarter of 2025 are prepared but remain unaudited [7][9]. - The net profit of the merged entity prior to the merger was reported as 0 yuan for both the current and previous periods [8].

Core Viewpoint - Jishi Media (stock code: 601929) has achieved revenue growth in Q1 2025 despite the overall pressure on the traditional broadcasting industry, indicating positive signals from its strategic transformation [1][2]. Revenue Performance - In Q1 2025, Jishi Media reported revenue of 499 million yuan, a year-on-year increase of 23.14%, marking the highest growth rate for the same period since its listing and surpassing the industry average [2]. - The company narrowed its net loss to 103 million yuan, a year-on-year reduction of 12.10%, exceeding market expectations [2]. - The revenue growth is attributed to a dual-driven model of "stabilizing traditional business + breakthrough in innovative business," with significant contributions from smart broadcasting transformation, particularly in government and enterprise information services and 5G integration applications [2]. Business Segments - Revenue from government and enterprise services reached 150 million yuan in Q1, a staggering year-on-year increase of 517%, with multiple large-scale projects secured [2]. - The company’s operating cash flow for Q1 was 74.04 million yuan, and its debt-to-asset ratio decreased compared to the end of the previous year, indicating ongoing financial structure optimization [2]. R&D and Innovation - Jishi Media accelerated its transformation into an innovative cultural technology enterprise, with R&D expenditure reaching 135 million yuan in 2024, a year-on-year increase of 77.10%, and an R&D intensity of 6.83%, both marking historical highs since its listing [4]. - The company’s self-innovation capabilities have significantly improved, contributing to a 15% revenue growth in digital information services last year [4]. Strategic Developments - In 2024, the company focused on its core business by divesting from Sanya Yucheng and establishing a new subsidiary, Jilin Province Northeast Asia New Media Co., Ltd., to integrate IPTV and cable TV resources, enhancing its business development and risk diversification [5]. - Jishi Media has also established the first provincial-level data element service institution in Northeast China in collaboration with the Beijing International Big Data Exchange, promoting data resource sharing and industrial upgrades [5]. - The company formed a joint venture with Beijing 360 Smart Technology Co., Ltd. to advance digitalization in Jilin Province through AI technology and digital security capabilities [5]. Market Outlook - Zhongyou Securities expressed optimism about Jishi Media's performance, highlighting its unique position as the only cultural technology listed company in Jilin Province and the strategic direction of management in revitalizing existing business and integrating cultural resources [6]. - The firm projects that Jishi Media will achieve revenue of 2.106 billion yuan and a net profit of 36 million yuan in 2025, maintaining a "buy" rating for the company [6].

Core Viewpoint - The performance of major television manufacturers serves as a barometer for the television market trends, with significant declines in revenue and profit reported by companies like Konka, TCL, Hisense, and Skyworth in 2024 [2][3]. Financial Performance - Konka Group reported a revenue of approximately 11.1 billion yuan in 2024, a year-on-year decline of 37.73%, and a net profit attributable to shareholders of approximately -3.3 billion yuan, down 52.31% [2]. - Konka's television business generated revenue of 5.03 billion yuan, a year-on-year increase of 6.78%, accounting for about 45% of total revenue [3]. - TCL's large-size display business revenue increased by 23.6% to 60.11 billion HKD (approximately 56.64 billion yuan), while Skyworth's smart TV revenue was about 20.8 billion yuan, up nearly 10% [4]. Market Dynamics - The domestic television market is increasingly concentrated among leading brands, with TCL, Hisense, and Skyworth collectively holding a market share of 60.5%, up 3.9 percentage points year-on-year [4]. - Mini LED technology is becoming a key competitive area in the high-end television market, with sales of Mini LED TVs in China increasing by 520.4% year-on-year in Q1 2024 [5][6]. Export Challenges - The overseas market has become increasingly important for television manufacturers, with Konka expanding its overseas business by acquiring 23 new clients and establishing a presence in Sri Lanka [7]. - The overall export volume of televisions from mainland China is projected to reach 110.54 million units in 2024, a year-on-year increase of 11.4% [8]. - Tariffs are a significant concern for manufacturers, particularly in the North American market, with companies like Hisense and TCL establishing factories in Mexico to mitigate costs [8][9].

根据Omdia统计，2024年海信系电视全球出货量市占率为13.95%，连续三年稳居世界第二；根据奥维云 网统计数据，2024年海信系电视中国内地零售额与零售量市占率为29.83%与26.31%，稳居中国第一。 这一现象并非偶然，背后是海信视像对市场趋势的精准预判，在高端化、智能化赛道持续发力，产品矩 阵持续优化，极大提升了产品溢价空间与市场竞争力，成为营收增长的强劲助推器。 业绩攀升，营收净利双增 在全球消费电子行业竞争近乎白热化，显示技术迭代迅猛的当下，海信视像 2024 年的财报成绩堪称亮 眼，营收与净利润双双实现可观增长。 海信视像财报数据显示，2024年营业收入为585.3亿元，同比增长9.2%；净利润为22.5亿元，同比增长 7.2%。其中，第四季度，海信视像营业收入为178.8亿元，同比增长24.3%；净利润为9.36亿元，同比增 长100.1%。 海信视像业绩实现惊人增长绝非偶然，背后有着深层次且多元的驱动因素。 一来，海信视像"高端化、大屏化"战略有效撬动了销售结构的深度优化，高附加值产品占比持续攀升。 在全球家电市场被智能化、高端化浪潮重塑格局之际，海信视像携优异的销量数据，以雷霆之势闯入 ...

"财务造假"风险警示典型案例解读 欺诈发行必被查 损害投资者权益受严罚 前 序 根据国务院金融稳定发展委员会第二 十六次会议精神,为进一步加强投资者保 护,坚决维护良好的市场环境,更好发挥 资本市场服务实体经济和投资者功能,在 中国证监会投资者保护局指导下,上海证 券交易所系统梳理近年来发行人、中介机 构因造假、欺诈等恶劣行为侵害投资者利 益的行政处罚典型案例,通过风险警示案 例解读,引导投资者看清财务造假的真实 面貌,提高财务信息识别能力,自觉远离 可能存在的造假、欺诈行为，切实维护自 身合法权益。 JY公司成立于1999年,是一家从事广播电视器 材研发和销售的公司,于2009年登陆资本市场。近 年,因云平台的增值业务,JY公司被市场贴上了类 似"电视游戏第一股"等各种标签。与此同时,在 上市后,公司也借助"文化游戏产业链"、"泛家庭 互联网生态圈"等概念进行宣传。 "文化游戏产业链" 电视游戏学 "泛家庭互联网生态圈" JY公司 却不想,为了符合发行上市条件,JY公司通 过虚构客户、虚构业务、伪造合同、虚构回款等 方式虚增收入和利润,骗取首次公开发行(即IPO) 核准。 我要上市! 川气 另一方面，监管部 ...

Core Viewpoint - Toshiba TV is set to launch its flagship model Z600QF PRO on March 20 for pre-sale, with official sales starting on March 25, featuring advanced audio-visual technology aimed at enhancing home entertainment experience [1][2]. Group 1: Product Features - The Z600QF PRO is an upgraded version of the Z600NF PRO, maintaining Mini LED display technology and the rocket sound system, while introducing a dual-core architecture for optimized audio-visual synchronization [1]. - The model boasts improvements in Mini LED backlight partitioning and HDR peak brightness, along with an upgraded rocket sound system co-tuned with Devialet for enhanced audio performance [2]. - The product is designed for various scenarios, including gaming and viewing, as Toshiba continues to advance its high-end product line [2]. Group 2: Sales and Promotions - During the launch period, the Z600QF PRO will offer a subsidy of up to 20% and will include free installation services [2].

定焦One . 深度影响创新。 来源 | 定焦One 作者 | 李唐 编辑 | 魏佳 商业世界的反转，永远都来得猝不及防。 日前，松下控股在一场面向媒体、投资者和分析师的经营改革说明会上宣布进行重大战略调整，计划解散旗下家电子公司"松下电器株式会社"，并将电视 机业务列为"问题业务"考虑出售或退出。消息一出，"松下官宣放弃电视机业务"相关词条冲上微博热搜，引发大量关注。也许是因为舆论发酵程度远超想 象，松下很快便发布公告澄清"解散"实为"重组"，并表示对于电视机业务是出售或退出尚未做出任何决定。 以下文章来源于定焦One ，作者定焦One团队 根据知名市场机构TrendForce的最新报告，去年三季度三星以17.6%的占有率排名全球电视机市场第一，紧随其后的是TCL、海信、LG和小米，整体上 呈"中韩双雄争霸"的格局，榜单前列早已看不到松下等日系品牌的身影。 近期，市场研究公司Omdia的数据显示，2024年中国三大电视品牌TCL、海信和小米的出货量份额之和达到了31.3%，超过了三星电子和LG电子的28.4%。 这是中国电视制造商首次在市场份额上超过韩国。特别是在75英寸及以上的大屏电视市场，中国品牌的出货 ...

摆满柜台的中国厂商的电视机(东京都千代田区的Bic Camera有乐町店) "电视机竟然这么便宜吗？"，日本一位原计划在家电连锁店购买55英寸液晶电视的顾客在不增加预算的 情况下购买了中国造的75英寸电视。2024年日本国内液晶电视销量方面，中国厂商在50英寸以上的任何 尺寸都占到一半以上。重视性价比的日本年轻一代很多都选购中国产品…… 液晶电视的价格仍在持续下跌。畅销的55英寸的世界平均价格在2年内下降了15%。随着中国制造商的 崛起，以大尺寸电视为中心，价格竞争加剧。如今在日本，重视性价比的年轻一代选择的大部分电视都 是中国造。 "电视机竟然这么便宜吗？"到访东京都内家电连锁店的一位40多岁日本男性公司职员惊讶地说。他原计 划购买55英寸，但最后决定在不增加预算的情况下购买中国造的75英寸电视。据说原因是："在（日本 的）物价持续上涨的情况下，感觉很划算"。 韩国调查公司Counterpoint Research的数据显示，2024年55英寸液晶电视的世界平均价格为442美 元，比2022年下降了15%。 按日元兑美元汇率的2024年平均值换算，仅为6.7万日元（约合人民币 3270元），跌破7万日元。 ...

Group 1: Market Overview - The A-share market experienced fluctuations with the North Securities 50 index down by 3.07% and the Sci-Tech 50 index down by 2.11%, while over 3,800 stocks declined, leading to a slight decrease in trading volume to 1.65 trillion yuan [1] - The coal, medical beauty, and electricity sectors showed relative strength, while humanoid robots, broadcasting, storage chips, and wireless earphones faced significant declines [1] - ST stocks continued to perform strongly, with *ST Xintong achieving a new high since January 2018, recording 31涨停 in 35 trading days [1] Group 2: Sector Performance - The coal industry saw a net inflow of over 3.3 billion yuan from major funds, while the banking and public utilities sectors each received over 2 billion yuan [1] - The power sector maintained strong performance, with the index rising for three consecutive days and trading volume exceeding 28.2 billion yuan, marking a new high for the year [2] - The artificial intelligence data center is expected to drive significant growth in electricity demand, with projections indicating that by 2026, global data center electricity consumption will reach between 620 billion and 1.05 trillion kilowatt-hours [2] Group 3: Company-Specific News - Qi Ming Medical, which had been suspended for over 15 months, saw its stock plummet by 66.37% upon resuming trading due to unauthorized fund transfers by former executives [3] - Qi Ming Medical acknowledged the challenges posed by the suspension and has undertaken a systematic restructuring of its organizational framework to enhance governance and internal controls [3] - The company has established a management committee to improve internal supervision and ensure timely market disclosures regarding significant matters [3]