Group 1 - The core viewpoint of the news is that Guangdong Southern New Media Co., Ltd. (新媒股份) has shown a slight increase in stock price, reaching 44.12 yuan per share, with a total market capitalization of 10.052 billion yuan [1] - The company was established on July 12, 2010, and went public on April 19, 2019. Its main business includes operating IPTV integrated broadcasting control services, internet television integrated services, and content service operations authorized by Guangdong Radio and Television Station [1] - The revenue composition of the company is as follows: IPTV basic services account for 50.67%, internet audio-visual services 41.77%, content copyright business 5.87%, other supplementary services 1.66%, and business operation services 0.03% [1] Group 2 - From the perspective of fund holdings, Xin Yuan Fund has one fund heavily invested in New Media Shares. The Xin Yuan CSI 1000 Index Enhanced Initiation A (017190) held 87,300 shares, representing 1.51% of the fund's net value, making it the sixth-largest holding [2] - The Xin Yuan CSI 1000 Index Enhanced Initiation A (017190) was established on November 28, 2022, with a current scale of 128 million yuan. Year-to-date returns are 26.27%, ranking 2129 out of 4195 in its category [2] - The fund manager, Liu Yutao, has been in position for 3 years and 103 days, with total assets under management of 1.552 billion yuan. The best return during his tenure is 38.23%, while the worst is -12.18% [3]

Core Viewpoint - New Media Co., Ltd. has experienced a decline in stock price recently, with a year-to-date increase of 16.24% and a notable drop of 4.00% in the last five trading days [2][3] Company Overview - New Media Co., Ltd. was established on July 12, 2010, and listed on April 19, 2019. The company is based in Guangzhou, Guangdong Province, and operates under the authorization of Guangdong Radio and Television Station, focusing on IPTV integrated broadcasting control services, internet television integrated services, and content service operations [2] - The company's main revenue sources are: IPTV basic services (50.67%), internet audio-visual services (41.77%), content copyright services (5.87%), other supplementary services (1.66%), and business operation services (0.03%) [2] Financial Performance - For the period from January to September 2025, New Media Co., Ltd. achieved a revenue of 1.236 billion yuan, representing a year-on-year growth of 5.28%. The net profit attributable to the parent company was 512 million yuan, with a year-on-year increase of 19.72% [2] - The company has distributed a total of 2.197 billion yuan in dividends since its A-share listing, with 1.622 billion yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for New Media Co., Ltd. was 25,000, a decrease of 1.23% from the previous period. The average circulating shares per person increased by 1.24% to 9,130 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 2.7331 million shares, an increase of 265,400 shares from the previous period. New shareholders include Ping An Low Carbon Economy Mixed A and Southern CSI 1000 ETF [3]

Core Viewpoint - New Media Co., Ltd. is a leading player in the IPTV operation sector in China, with strong resource and licensing advantages, and has shown solid financial performance in recent quarters [1][2][3]. Group 1: Company Overview - Established on July 12, 2010, and listed on the Shenzhen Stock Exchange on April 19, 2019, New Media Co., Ltd. operates primarily in Guangdong Province [1]. - The company exclusively operates IPTV and related services authorized by Guangdong Radio and Television Station, indicating a strong market position [1]. Group 2: Financial Performance - For Q3 2025, New Media reported revenue of 1.236 billion yuan, ranking 8th among 15 companies in the industry, with the top competitor, Huashu Media, generating 6.407 billion yuan [2]. - The net profit for the same period was 511 million yuan, placing the company second in the industry, just behind Dongfang Mingzhu [2]. Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 22.93%, down from 28.20% year-on-year and below the industry average of 41.83%, indicating strong solvency [3]. - The gross profit margin for Q3 2025 was 48.75%, slightly lower than the previous year's 49.31% but significantly higher than the industry average of 23.05%, reflecting robust profitability [3]. Group 4: Management and Shareholder Structure - The chairman, Cai Fuqing, has extensive experience in government and media, while the president, Yang Dejian, has a long-standing background in the media industry [4]. - As of September 30, 2025, the number of A-share shareholders decreased by 2.61% to 23,100, while the average number of shares held per shareholder increased by 2.68% [5]. Group 5: Market Outlook and Analyst Ratings - Analysts from Huatai Securities maintain a "buy" rating, highlighting a year-on-year revenue growth of 5.28% and a net profit increase of 19.72% for the first three quarters of 2025 [5]. - CICC has raised the target price by 10.4% to 53.0 yuan, citing the company's stable operations and potential for growth in value-added services [6].

Core Viewpoint - New Media Co., Ltd. has shown a positive stock performance with a year-to-date increase of 21.38% and a recent market capitalization of 10.966 billion yuan, indicating strong investor interest and financial health [1][2]. Financial Performance - For the first half of 2025, New Media reported a revenue of 817 million yuan, representing a year-on-year growth of 5.94%, while the net profit attributable to shareholders increased by 24.43% to 346 million yuan [2]. - Cumulatively, since its A-share listing, New Media has distributed a total of 1.969 billion yuan in dividends, with 1.395 billion yuan paid out over the last three years [3]. Shareholder Information - As of September 19, 2025, the number of shareholders decreased by 6.37% to 23,700, while the average number of circulating shares per shareholder increased by 6.80% to 9,594 shares [2]. - The fifth largest circulating shareholder, Hong Kong Central Clearing Limited, held 2.4676 million shares, a decrease of 86,300 shares from the previous period [3]. Stock Market Activity - On October 10, 2025, New Media's stock price rose by 2.01% to 48.13 yuan per share, with a trading volume of 103 million yuan and a turnover rate of 0.96% [1]. - The stock has seen a net inflow of 578,600 yuan from main funds, with significant buying and selling activity from large orders [1]. Business Segmentation - The company's main business segments include IPTV basic services (50.67% of revenue), internet audio-visual services (41.77%), content copyright (5.87%), and other services (1.66%) [1]. - New Media operates under the media industry classification of television broadcasting and is associated with concepts such as short dramas, e-sports, cloud gaming, high dividends, and MSCI China [1].

Company Overview - New Media Co., Ltd. is located in Guangzhou, Guangdong Province, and was established on July 12, 2010. The company was listed on April 19, 2019. Its main business includes operating IPTV integrated broadcasting and control services, internet television integrated services, and content service operations authorized by Guangdong Radio and Television Station [1]. Financial Performance - For the first half of 2025, New Media achieved operating revenue of 817 million yuan, representing a year-on-year growth of 5.94%. The net profit attributable to the parent company was 346 million yuan, reflecting a year-on-year increase of 24.43% [2]. - Since its A-share listing, New Media has distributed a total of 1.969 billion yuan in dividends, with 1.395 billion yuan distributed over the past three years [3]. Stock Performance - As of September 22, New Media's stock price decreased by 2.02%, trading at 45.18 yuan per share, with a total market capitalization of 10.294 billion yuan. The stock has increased by 13.94% year-to-date, but has seen a decline of 5.84% over the past five trading days [1]. - The number of shareholders as of September 10 was 25,400, a decrease of 7.43% from the previous period, while the average number of circulating shares per person increased by 7.41% to 8,982 shares [2]. Shareholding Structure - As of June 30, 2025, Hong Kong Central Clearing Limited was the fifth-largest circulating shareholder, holding 2.4676 million shares, a decrease of 86,300 shares from the previous period [3]. Business Segmentation - The revenue composition of New Media includes: IPTV basic services (50.67%), internet audio-visual services (41.77%), content copyright services (5.87%), and other supplementary services (1.66%) [1].

Group 1 - The stock of Guangdong Southern New Media Co., Ltd. (新媒股份) fell by 5.05% on August 28, closing at 45.27 CNY per share, with a trading volume of 639 million CNY and a turnover rate of 5.97%, resulting in a total market capitalization of 10.373 billion CNY [1] - The company, established on July 12, 2010, and listed on April 19, 2019, primarily operates under the authorization of Guangdong Radio and Television Station, focusing on IPTV integrated broadcast control services, internet television integrated services, and content service operations. The revenue composition is as follows: IPTV basic services 50.67%, internet audio-visual services 41.77%, content copyright services 5.87%, others 1.66%, and business operation services 0.03% [1] Group 2 - According to data from the top ten holdings of funds, one fund under China Europe Fund holds a significant position in New Media Shares. The China Europe State-Owned Enterprise Dividend Mixed A Fund (中欧国企红利混合A) held 85,100 shares in the second quarter, accounting for 3.24% of the fund's net value, making it the fourth-largest holding. The estimated floating loss today is approximately 205,100 CNY [2] - The China Europe State-Owned Enterprise Dividend Mixed A Fund, managed by Qu Jing, has a total asset size of 2.689 billion CNY. Since its inception, the fund has achieved a return of 18.84%, with the best return during the manager's tenure being 163.36% and the worst being -24.21% [3]