Group 1: Financial Performance and Shareholder Returns - The company emphasizes stable performance to reward shareholders through cash dividends and stock buybacks [3] - In the first half of 2025, the content copyright business generated revenue of 48.0015 million, a year-on-year increase of 24.10% [4] - The IPTV basic business effective users reached 20.8 million, a year-on-year growth of 2.51%, while the revenue from IPTV value-added services was 236.7254 million, up 23.68% [13] Group 2: Content Development and Innovation - The company is focused on enhancing the "喜粤 TV" media library, integrating various content types including movies, TV shows, and animations [8] - Recent productions include the web drama "Blind Spot" and animated series "呼噜噜幻影队" and "曲小奇爆笑语文课," which have been well-received on major platforms [5][8] - The company plans to accelerate content investment in areas catering to both elderly and young audiences, utilizing big data for precise analysis [9] Group 3: User Engagement and Market Strategy - The number of nationwide effective users for the cloud viewing series APP decreased by 9.27%, while the number of smart terminals increased by 14.74%, indicating potential user engagement issues [6] - The company is implementing marketing activities and strategic partnerships to enhance user retention and conversion rates [10] - The company aims to strengthen its market position in IPTV by optimizing user experience and expanding its content library through collaborations with major platforms [9] Group 4: Research and Development - The company invested over 27 million in R&D in the first half of 2025, focusing on core technology development to support IPTV and internet TV business growth [11] - Ongoing projects include collaborations with various institutions to explore AI and big data applications in the media sector [16] Group 5: Future Plans and Challenges - The company is committed to maintaining its leading position in the IPTV sector while addressing a 1.08% decline in revenue by enhancing brand marketing and user engagement [17] - Plans include expanding user scale and improving active user rates through refined operational strategies and diverse subscription offerings [12]

Group 1: Financial Performance - In the first half of 2025, the company achieved consolidated operating revenue of 817 million RMB, a year-on-year increase of 5.94% [3] - The net profit attributable to shareholders was 346 million RMB, reflecting a year-on-year growth of 24.43% [3] - The net profit after deducting non-recurring gains and losses reached 348 million RMB, up 25.18% year-on-year [3] - Total assets at the end of the reporting period amounted to 4.922 billion RMB, an increase of 8.95% compared to the end of the previous year [3] Group 2: Business Development - IPTV basic business revenue was 414 million RMB, a decline of 1.08% year-on-year, with effective users reaching 20.8 million, up 2.51% [4] - Internet audio-visual business revenue grew to 341 million RMB, a year-on-year increase of 12.80% [5] - Content copyright business revenue was 48.0015 million RMB, reflecting a growth of 24.10% year-on-year [6] Group 3: Strategic Initiatives - The company plans to deepen strategic cooperation with telecom operators and content providers to enhance the content ecosystem of IPTV and internet television [7][8] - There will be increased investment in technology, exploring AI and big data applications for content recommendation and user operations [8] - The company aims to expand its content copyright business and strengthen the production of high-quality content [8] Group 4: Shareholder Returns - The mid-year dividend plan for 2025 includes a cash dividend of 10 RMB per 10 shares, totaling 228 million RMB, which accounts for 65.88% of the net profit attributable to shareholders [8] - The company has initiated a share buyback program, repurchasing approximately 1.29 million shares, representing about 0.56% of the total share capital, with a total transaction amount of 50.0164 million RMB [8]

Core Viewpoint - New Media Co., Ltd. reported strong financial performance for the first half of 2025, with significant growth in revenue and net profit, leading to a notable increase in stock price [2][3]. Financial Performance - The company achieved operating revenue of 817 million yuan, a year-on-year increase of 5.94% [2]. - The net profit attributable to shareholders reached 346 million yuan, reflecting a year-on-year growth of 24.43% [2]. - A cash dividend of 10 yuan per 10 shares (including tax) is proposed, totaling 228 million yuan, with a payout ratio of 65.88% [2]. Business Growth - As of June 30, the IPTV basic business had 20.8 million effective users, a year-on-year increase of 2.51% [2]. - IPTV basic business revenue remained stable at 414 million yuan [2]. - The value-added services for IPTV in Guangdong generated revenue of 237 million yuan, up 23.68% year-on-year [2]. User Engagement and Content Strategy - The cloud viewing series apps reached 225 million effective users, with 27.71 million smart terminals, a growth of 14.74% [3]. - Internet TV business revenue was 105 million yuan for the first half of the year [3]. - The company expanded its content copyright business, achieving revenue of 48 million yuan, a year-on-year increase of 24.10% [3]. Market Sentiment and Dividends - The mid-term dividend reflects the company's strong operational quality and is seen as a positive signal for the industry’s development outlook [3]. - Analysts note that leading companies are increasingly using cash dividends to stabilize investor expectations, indicating robust cash flow and a mature market ecosystem [3].