Meeting Details - The sixth meeting of the seventh Supervisory Board of Beijing Gehua Cable Television Network Co., Ltd. was held on August 29, 2025, via electronic communication, with all four supervisors present [1] - The meeting was chaired by Ms. Song Wenyu and complied with relevant regulations [1] Resolutions Passed - The Supervisory Board unanimously approved the "2025 Semi-Annual Report and Summary" of the company, confirming that the report meets legal and regulatory requirements and accurately reflects the company's financial status, operating results, and cash flow for the first half of 2025 [1][2] - The board also approved the "Special Report on the Storage and Use of Raised Funds for the First Half of 2025," with all votes in favor [2] - Additionally, the board approved the proposal to adjust the use of self-owned funds for entrusted financial management, with unanimous support [2]

Group 1 - The company's operating revenue for the first half of 2025 is 591 million yuan, representing a year-on-year decrease of 8.63% [1] - The net loss attributable to shareholders of the listed company is 27.149 million yuan, compared to a net profit of 10.7704 million yuan in the same period last year [1]

Core Viewpoint - Guiguan Network (600996) reported a significant decline in revenue and an increase in net losses for the first half of 2025, indicating ongoing challenges in the traditional cable television business due to the impact of mobile internet and new media [1] Financial Performance - The company's revenue for the first half of 2025 was 616 million, a year-on-year decrease of 30.7% [1] - The net profit attributable to shareholders worsened from a loss of 419 million in the same period last year to a loss of 562 million [1] - In Q2 2025, revenue was 337 million, down 36.2% year-on-year [1] - The net profit attributable to shareholders in Q2 also increased its loss from 229 million to 295 million [1] - The net profit excluding non-recurring items in Q2 worsened from a loss of 228 million to a larger loss [1] Asset and Equity Position - As of the end of Q2, the company's total assets were 15.503 billion, a decrease of 3.3% from the end of the previous year [1] - The net assets attributable to shareholders were 2.593 billion, down 13.2% from the end of the previous year [1] Business Strategy and Developments - The company is facing significant operational pressure in its traditional cable television business due to the influence of mobile internet and new media [1] - In response, the company is actively optimizing its business and focusing on cultural, technological, tourism, and service sectors [1] - The company has introduced new non-core businesses, achieving notable success in cultural tourism integration, such as the growth in visitors and revenue at the Guizhou Long March Cultural Digital Art Museum [1] - The company has also increased efforts in promoting surrounding products like mobile phones and televisions through appliance trade-in policies [1]

Group 1 - The company reported a revenue of 4.144 billion yuan for the first half of 2025, representing a year-on-year growth of 4.25% [1] - The net profit attributable to shareholders reached 203 million yuan, showing a significant year-on-year increase of 35.24% [1] - The company reported a non-recurring net profit loss of 7.89 million yuan [1] - The basic earnings per share were 0.04 yuan [1]

Group 1 - The company Jiangsu Cable (600959.SH) reported a revenue of 4.144 billion yuan for the first half of 2025, representing a year-on-year increase of 4.25% [1] - The net profit attributable to shareholders of the listed company was 203 million yuan, showing a year-on-year growth of 35.24% [1] - The basic earnings per share were reported at 0.04 yuan [1]

Core Viewpoint - The company, Tianwei Vision, is primarily engaged in the construction, operation, and maintenance of cable television networks in Shenzhen, along with the operation of broadcasting 5G services, providing cable television, broadband, and mobile communication services, while also expanding into diversified businesses such as data centers and commercial services [1] Group 1 - The company has integrated AI large model technology into its existing business, launching innovative services such as TV AI voice digital humans, TV voice assistants, and intelligent customer service [1] - The application of artificial intelligence tools is mainly aimed at optimizing the interaction experience for cable digital TV users and enhancing customer service efficiency [1] - These AI innovations are tools for business expansion and increasing user stickiness, but they do not directly generate business revenue for the company [1]

Core Viewpoint - Jishi Media reported a revenue of 9.97 billion yuan for the first half of 2025, marking an 8.70% year-on-year increase, but also recorded a net loss attributable to shareholders of 2.32 billion yuan [2][4]. Financial Performance - Revenue for the first half of 2025 was 997.16 million yuan, compared to 917.36 million yuan in the same period last year, reflecting an increase of 8.70% [4]. - The total profit for the period was a loss of 234.31 million yuan, which is a deterioration of 18.73% compared to the previous year's loss of 197.35 million yuan [4]. - The net profit attributable to shareholders was a loss of 232.22 million yuan, worsening by 18.82% from the previous year's loss of 195.44 million yuan [4]. - The cash flow from operating activities showed a significant decline, with a net outflow of 19.75 million yuan, down 114.63% from a positive cash flow of 135.01 million yuan in the previous year [4]. - As of the end of the reporting period, the net assets attributable to shareholders decreased by 4.60% to 5.12 billion yuan, while total assets fell by 3.19% to 12.66 billion yuan [4]. Stock Performance - Following the financial announcement, Jishi Media's stock experienced a surge, hitting the daily limit up on August 21, and recorded 8 limit-up days within 14 trading days, resulting in a cumulative increase of 105.18% [2][4]. Company Overview - Jishi Media is primarily responsible for the planning, construction, operation management, maintenance, and transmission of cable television networks in Jilin Province, focusing on video information transmission and online multifunctional services [5].

Core Points - The emergency broadcasting system in three administrative villages of Yanqing District has been fully restored after successful testing following repairs [1] - The company is actively working on disaster recovery for other communication equipment, with plans to complete the reconstruction of all water-damaged cable television mainlines within one month once construction conditions are met [1] Group 1 - The extreme rainfall previously caused significant damage, destroying a total of 20 kilometers of poles and damaging optical cables, which disrupted services for eight villages, affecting nearly 370 households for cable television and over 70 households for broadband [1] - The company deployed 51 personnel for emergency repairs, quickly restoring cable television and broadband signal cables [1] - Concurrently, the company is also advancing disaster recovery and safety hazard inspections for cable television and network communications [1]

Group 1 - The core viewpoint of the announcement is the successful convening and resolution of the first extraordinary general meeting of shareholders in 2025 by Jiangsu Broadcasting Cable Information Network Co., Ltd. [1] - The meeting was held on August 13, 2025, at the Jiangsu Cable Three-network Integration Hub in Nanjing, with a combination of on-site and online voting methods [2] - The meeting was presided over by the company's chairman, Zhuang Chuanwei, and complied with the relevant provisions of the Company Law and the company's articles of association [2][3] Group 2 - A total of 8 out of 9 current directors attended the meeting, while all 3 supervisors were present, and the board secretary also attended [3] - Three key resolutions were passed during the meeting, including amendments to the company's articles of association, authorization for the board to handle business registration changes, and a capital increase for Jiangsu Cable Network Development Co., Ltd. [4][5] - The resolutions related to the amendments and capital increase were special resolutions, requiring more than two-thirds of the valid voting shares present at the meeting to pass [5] Group 3 - The meeting was witnessed by lawyers from Shanghai Jintiancheng (Nanjing) Law Firm, who confirmed that the procedures and results of the meeting were in compliance with the Company Law and other relevant regulations [5] - The legal opinion provided by the lawyers concluded that the resolutions passed at the meeting were legitimate and effective [5]

致：江苏省广电有线信息网络股份有限公司 上海市锦天城（南京）律师事务所（以下简称"本所"）接受江苏省广电有线 信息网络股份有限公司（以下简称"公司"）委托，就公司召开2025年第一次临时 股东会（以下简称"本次股东会"）的有关事宜，根据《中华人民共和国公司法》 （以下简称《公司法》）、《上市公司股东会规则》等有关法律、法规、规范性文 件以及《江苏省广电有线信息网络股份有限公司章程》（以下简称《公司章程》） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务管 理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行了法 定职责，遵循了勤勉尽责和诚实信用原则，对公司本次股东会涉及的相关事项进行 了必要的核查和验证，审查了本所认为出具该法律意见书所需审查的相关文件、资 料，并参加了公司本次股东会的全过程。本所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，并愿意承担相应法律责任。 为出具本法律意见书，本所律师审查了公司本次股东会的有关文件和材料。本 所律师得到公司如下保证，即其已提供 ...