Group 1: Company Performance Overview - In 2024, the company achieved a consolidated revenue of CNY 1.579 billion, a year-on-year increase of 3.63% [3] - The net profit attributable to shareholders was CNY 658 million, a decrease of 7.04% compared to the previous year, primarily due to reduced interest income and changes in tax policies [3] - As of the end of 2024, total assets amounted to CNY 4.517 billion, a decline of 2.22%, while net assets attributable to shareholders were CNY 3.606 billion, down 2% [3] Group 2: Q1 2025 Performance - In Q1 2025, the company reported a revenue of CNY 407 million, an increase of 1.48% year-on-year [3] - The net profit attributable to shareholders for Q1 2025 was CNY 161 million, reflecting a growth of 8.69% [3] - The net cash flow from operating activities reached CNY 561 million, a significant increase of 174.61% compared to the same period last year [3] Group 3: Main Business Development - The IPTV user base exceeded 20.57 million in 2024, while internet TV users surpassed 230 million, with effective smart terminal numbers reaching 25.42 million [5] - The company expanded its content library, covering various genres including web dramas and animations, enhancing its market presence [5] Group 4: Future Development Strategy - The company aims to consolidate its platform advantages and expand regional coverage, focusing on personalized operations and enhancing user engagement [6] - Plans include optimizing internet TV competitiveness and improving user experience through product design and management [6] - The company will invest in content creation, particularly in micro-short dramas, to meet diverse user demands [7] Group 5: Dividend and Buyback Information - For 2024, the board proposed a cash dividend of CNY 7.60 per 10 shares, totaling approximately CNY 657 million, with a payout ratio of 99.86% [7] - The company completed its first round of share buybacks, amounting to over CNY 5 million, contributing to a total of CNY 662 million in cash dividends and buybacks for the year [7]