◎记者 田甜 一根根光纤编织的数字网络，正让吉林的绿水青山、虎豹生灵、城市乡村焕发新的生机。 从确保广播电视信号传遍千家万户，到用数字技术服务智慧民生，吉视传媒——这家省属国有文化企业 正在数字经济浪潮中焕发新生。 20年前，它是穿梭于白山松水间的"信号使者"，把广播电视节目送入吉林每一个村落；20年后，它成了 赋能区域振兴发展的"数字先锋"，用光纤网络、AI算法守护东北虎豹，用电视大屏链接医疗资源……在 数字浪潮中打通产业升级与民生服务的"最后一公里"。 9月29日，在长春新质生产力发展促进中心，吉视传媒在新产品发布会暨生态合作大会现场发布了十大 数字新产品及"星光计划"。电子屏上显示出璀璨的星光图案，无人机编队腾空而起，标志着这家老牌广 电企业迈向数字化转型的新征程。 "没有科技创新的'硬支撑'，就没有企业转型的'硬底气'。"吉视传媒党委书记、董事长由志强的开场 白，道出了企业在转型路上的深切体悟。从保障广播电视信号传入千家万户，到以"文化+科技"赋能吉 林振兴，吉视传媒在时代变迁中不断探索转型之路，成为助力吉林数字经济发展的重要力量。 从"传输信号"到"创造价值"，吉视传媒在新一轮科技革命和产业变革中破 ...

人民财讯9月26日电，吉视传媒（601929）9月26日在互动平台表示，在数据要素业务方面，公司依托北 京国际大数据交易所吉林省数据要素服务中心，精准聚焦公共数据产品研发、数据资产化、数据流通交 易等关键领域，全力开展吉林省数据要素市场化运营工作。吉林文旅大模型业务上，公司率先训练并推 出深度融合吉林省本地资源的"吉林文旅大模型"，应用于智能导游、路线推荐等场景，致力于打造吉林 省专属的"文旅AI大脑"。在政企业务领域，近期接连中标三项项目，合计金额4281万元。其中，梅河口 分公司中标梅河口市中心医院信息化建设一期采购项目中标金额2066万元，梅河口市公安数字化项目中 标金额238万元，政企业务在网络安全行业项目中标金额1977万元，上述项目中标符合公司以政企业务 为核心增长引擎的战略方向，预计将对公司相关业务收入产生积极影响。 ...

Core Viewpoint - The stock price of Jishi Media (601929.SH) has surged due to market rumors about its involvement in popular film investments and potential mergers, despite the company clarifying these claims. However, the release of its 2025 semi-annual report showing poor performance led to a significant drop in stock price [1][3][11]. Financial Performance - In the first half of 2025, Jishi Media reported a revenue of 999.17 million, an increase of 8.70% year-on-year, but incurred a net loss of 232.22 million, a decline of 18.82% compared to the previous year [5][6]. - The company's operating cash flow decreased by 19.75 million, down 114.63% year-on-year, indicating worsening cash flow management [6][8]. - The total assets of Jishi Media at the end of the reporting period were approximately 12.66 billion, a decrease of 3.19% from the previous year [6]. Business Operations - Jishi Media is undergoing a business transformation, with traditional public customer services declining due to increased competition and changing consumer habits, while group customer business revenue is growing but at a higher cost [8][9]. - The company reported a significant increase in accounts receivable, reaching 592 million, up 29.43% year-on-year, which raises concerns about revenue quality [8][9]. - Jishi Media aims to integrate "content + network" and "culture + technology" to foster new growth and become an innovative cultural technology enterprise [8][9]. Market Activity - Jishi Media's stock experienced extreme volatility, achieving 8 trading limits in 14 days, with a cumulative increase of 104.12% in August [11][13]. - Despite the stock's rise, there was a notable shift in capital flow on August 21, with a net inflow of 1.998 million from main funds, while speculative funds withdrew significantly [13][14].

Core Viewpoint - The stock price of Jishi Media (601929.SH) has surged due to market rumors about "popular film investment," "state-owned cloud concept stocks," and "merger with Changguang Satellite," despite the company's clarifications. The stock experienced a significant rise, achieving 8 trading limits in 14 days, but faced a sharp decline following the release of its 2025 semi-annual report, which revealed poor performance [1][3][9]. Financial Performance - In the first half of 2025, Jishi Media reported a revenue of 999.7 million yuan, a year-on-year increase of 8.70%, but incurred a net loss of 232 million yuan, a decline of 18.82% compared to the previous year [5][8]. - The company's operating cash flow decreased by 19.74 million yuan, down 114.63% year-on-year, indicating a significant drop in cash generation [5]. - The operating revenue for the first half of 2025 was 498 million yuan, with a growth rate of 9.56%, while operating costs reached 899.8 million yuan, up 11.86% year-on-year, suggesting that cost growth is outpacing revenue growth [7][8]. Business Transition - Jishi Media is currently undergoing a business transformation, with traditional public customer business facing challenges due to intensified competition and changing consumer habits. However, the group customer business is growing, albeit with increased costs [7][8]. - The company reported a significant increase in accounts receivable, which reached 592 million yuan, a year-on-year increase of 29.43%, indicating lower revenue quality [8]. - Jishi Media aims to integrate "content + network" and "culture + technology" to foster new growth drivers and develop into an innovative cultural technology enterprise [8]. Market Activity - The stock price of Jishi Media saw a cumulative increase of 104.12% in August, with 8 trading limits achieved in 14 trading days, reflecting high market volatility [9][11]. - Despite the stock's rise, there were significant outflows from speculative funds, with a net inflow of 1.998 million yuan from main funds, while speculative funds saw a net outflow of 5.225 million yuan, indicating a potential profit-taking scenario [12].

Core Viewpoint - The stock price of Jishi Media (601929.SH) has experienced significant volatility, rising sharply due to market rumors but subsequently declining after the release of disappointing financial results for the first half of 2025 [2][3][9]. Financial Performance - In the first half of 2025, Jishi Media reported a revenue of 999.7 million yuan, an increase of 8.70% year-on-year, but incurred a net loss of 232 million yuan, a decline of 18.82% compared to the previous year [3][6]. - The company's operating cash flow decreased by 19.74 million yuan, down 114.63% year-on-year, indicating challenges in cash generation [3]. Business Transformation - Jishi Media is currently undergoing a business transformation, with revenue growth slowing and operating costs rising faster than revenue. Operating revenue for the first half of 2025 was 498 million yuan, up 9.56% year-on-year, while operating costs reached 899.8 million yuan, an increase of 11.86% [7]. - The company attributes its losses to a decline in public customer business revenue and rising costs associated with group customer business growth [6][7]. Accounts Receivable Concerns - Accounts receivable increased significantly, reaching 592 million yuan, a year-on-year growth of 29.43%, which is much higher than revenue growth, indicating potential issues with revenue quality [7]. - The increase in accounts receivable is linked to the shift towards government and enterprise business, which typically involves larger transactions that may not be fully paid in cash [7]. Market Sentiment and Stock Performance - Despite the financial challenges, Jishi Media's stock saw a remarkable rise of 104.12% over 14 trading days, with 8 trading halts, driven by market speculation and rumors [9][11]. - On August 21, the stock experienced a sharp decline of over 8% after the release of the half-year report, closing down 6.82% at 3.69 yuan per share, with a total market capitalization of 12.9 billion yuan [2][9]. Strategic Initiatives - Jishi Media aims to foster new growth through the integration of "content + network" and "culture + technology," positioning itself as an innovative cultural technology enterprise [7]. - The company is also exploring digital innovation services, including data element services and large model deployment services, to enhance its offerings [8].

Core Viewpoint - The stock price of Jishi Media (601929.SH) has surged due to market rumors, despite the company clarifying its position. However, following the release of its disappointing 2025 semi-annual report, the stock experienced a significant drop, indicating a volatile market reaction to its financial performance [1][3][4]. Financial Performance - For the first half of 2025, Jishi Media reported a revenue of 999.72 million yuan, an increase of 8.70% year-on-year. However, the net profit attributable to shareholders was a loss of 232.22 million yuan, a decline of 18.82% compared to the previous year [4][5]. - The company's operating cash flow decreased by 19.75 million yuan, a decline of 114.63% year-on-year, indicating challenges in cash generation [4][5]. - The total assets of Jishi Media at the end of the reporting period were approximately 12.66 billion yuan, down 3.19% from the previous year, while net assets decreased by 4.60% [5]. Business Transition - Jishi Media is currently undergoing a transformation phase, with a focus on integrating "content + network" and "culture + technology" to foster new growth drivers [7]. - The company has seen a slowdown in revenue growth, with public customer business income declining due to increased competition and changing consumer habits, while costs have risen significantly [6][8]. Market Activity - In August, Jishi Media's stock experienced significant volatility, achieving eight trading limits in 14 days, with a cumulative increase of 104.12% by August 21 [9][11]. - Despite the stock's rise, there were notable shifts in capital flow, with institutional investors slightly increasing their positions while speculative funds withdrew significantly, suggesting a potential profit-taking scenario [12]. Strategic Partnerships - Jishi Media has engaged in strategic partnerships, including a collaboration with Changguang Satellite focused on satellite data cloud services, although there are no current plans for mergers or acquisitions [11]. - The company is also involved in digital innovation services, including the deployment of large models, which may provide new revenue streams [8].

Group 1 - The company achieved a revenue of 997 million yuan in the first half of 2025, representing a year-on-year growth of 8.70% [1] - The company is enhancing business value by launching video-on-demand services through the "Jishi Cloud Video-on-Demand Platform," offering diversified content [1] - The integration of cable TV and IPTV operations has improved the value-added service system and reduced procurement costs through unified media asset copyright [1] Group 2 - The "Jilin Cultural Tourism Model" integrates the province's rich historical, cultural, and natural resources, creating the first provincial-level cultural tourism AI model in the country [2] - The company is leading the market-oriented operation of data elements in Jilin Province, accelerating the transformation and release of data value [2] - The company plans to deepen digital transformation and continue to pursue a differentiated path of "cultural and technological integration," enhancing brand influence in the "broadcast technology + cultural IP" sector [2]