来源：新浪证券-红岸工作室 11月26日，数码视讯跌1.05%，成交额1.80亿元，换手率2.45%，总市值81.00亿元。 区间今日近3日近5日近10日近20日主力净流入-746.93万-1350.27万-4209.31万-4910.48万-8532.21万 异动分析 数据确权+区块链+网络安全+互联网金融+知识产权保护 1、2021年年报显示：子公司快视听致力于利用区块链技术赋能行业，拓展公司相关技术在元宇宙发展 中的应用。旗下洞壹元典平台通过发行数字藏品，充分发挥区块链底层技术防篡改、可验证的属性，面 向文化艺术、音乐、时尚潮玩、零售等领域，为数字内容提供新的确权和版权证明。并通过数字藏品这 一载体，创造全新的数字内容销售、传播、品牌营销的模式。进一步在数字艺术品收藏、粉丝经济、元 宇宙数字资产等核心业务场景中发挥确权价值。 2、2018年年报披露：数码科技在版权保护与新技术结合方面做了许多前沿探索,在通过对版权内容加 密、加水印技术保护同时，研究基于区块链的数字版权管理技术。此研究能够保证软件发行的授权,作 者对每一个自己著作权的版权控制则能够变得更加的严格。相较于传统模式而言,基于区块链的版权管 理 ...

来源：新浪证券-红岸工作室 11月19日，数码视讯跌2.09%，成交额1.94亿元，换手率2.68%，总市值80.00亿元。 异动分析 区块链+网络安全+AI智能体+互联网金融+知识产权保护 1、2018年年报披露：数码科技在版权保护与新技术结合方面做了许多前沿探索,在通过对版权内容加 密、加水印技术保护同时，研究基于区块链的数字版权管理技术。此研究能够保证软件发行的授权,作 者对每一个自己著作权的版权控制则能够变得更加的严格。相较于传统模式而言,基于区块链的版权管 理技术有及时确权、点对点通信、归属权明晰的优点。 2、在传统DVB网络安全方面，公司的CAS/DCAS拥有最多的省级网络运营商案例、最高的国密认证等 级、最大的单系统承载案例，目前随着第一批部署CAS系统的老旧换代，CAS市场未来几年会逐步回 暖，市场趋于平稳。 3、根据2025年4月28日投资者关系管理信息：我司面向广电领域的AI Agent,可以广泛应用于电视台、网 络公司、台站等IDC数据中心的AI运维，以本地化部署的广电垂直大模型为核心，具有综合采集、智能 研判、按需排障的运维能力。可实现对于信息化平台、数字化机房故障事故发生前平台健康研 ...

Core Viewpoint - The company, Digital Video Technology Co., Ltd., is focusing on leveraging blockchain technology and AI to enhance its services in various sectors, including digital content rights protection and internet finance. Group 1: Company Overview - Digital Video Technology Co., Ltd. was established on March 14, 2000, and went public on April 30, 2010. The company is based in Haidian District, Beijing, and specializes in the research, development, production, sales, and technical services of digital television hardware and software products [8]. - The company's main business revenue composition includes: video technology products and services (34.01%), information service terminals (21.46%), other (17.93%), public safety products (8.25%), network transmission systems (7.34%), financial technology products (6.70%), and software technology services (4.30%) [8]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved operating revenue of 465 million yuan, representing a year-on-year growth of 24.58%. The net profit attributable to the parent company was 24.62 million yuan, an increase of 10.34% year-on-year [9]. - Since its A-share listing, the company has distributed a total of 370 million yuan in dividends, with 42.83 million yuan distributed over the past three years [10]. Group 3: Business Segments and Innovations - The subsidiary, Kuaishiting, is dedicated to utilizing blockchain technology to empower the industry, particularly in the metaverse, by issuing digital collectibles that leverage blockchain's anti-tampering and verifiable attributes for rights and copyright proof [2]. - The company is developing an AI Agent for the broadcasting sector, which can be applied in various data centers, enhancing operational efficiency through predictive maintenance and self-healing capabilities [2][3]. - In the traditional DVB network security domain, the company’s CAS/DCAS systems have the highest number of provincial network operator cases and the largest single-system capacity, indicating a stable market outlook as older systems are upgraded [3]. Group 4: Market Position and Shareholder Information - As of September 30, 2025, the company had 81,400 shareholders, an increase of 1.71% from the previous period, with an average of 15,748 circulating shares per person, a decrease of 1.68% [9]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, indicating a diversified shareholder base [10].

Core Viewpoint - The company, Digital Video Technology Co., Ltd., is experiencing a mixed performance in the market, with a focus on digital watermarking, blockchain technology, and internet finance, while facing challenges in stock performance and capital flow. Group 1: Company Performance - On October 24, Digital Video's stock fell by 0.88%, with a trading volume of 173 million yuan and a market capitalization of 8.071 billion yuan [1] - As of September 30, the company reported a revenue of 465 million yuan for the first nine months of 2025, representing a year-on-year growth of 24.58%, and a net profit of 24.62 million yuan, up 10.34% year-on-year [8] - The average trading cost of the stock is 5.95 yuan, with the stock price nearing a resistance level of 5.69 yuan, indicating potential for a price correction if it does not break through this level [6] Group 2: Industry Insights - The company has the most provincial network operator cases and the highest national secret certification level in traditional DVB network security, indicating a strong position in the CAS/DCAS market [2] - The company is exploring advanced technologies in copyright protection, including blockchain-based digital rights management, which offers advantages over traditional methods such as timely rights confirmation and clear ownership [2] - The company's internet finance segment primarily involves third-party payment services, and it holds internet payment and television payment licenses, although this segment currently does not significantly impact overall business [2][4] Group 3: Shareholder and Market Dynamics - As of September 30, the number of shareholders increased by 1.71% to 81,400, while the average circulating shares per person decreased by 1.68% to 15,748 shares [8] - The main capital flow shows a net outflow of 4.3033 million yuan today, with a continuous reduction in main capital over the past three days [4][5] - The top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with changes in their holdings indicating shifting investor sentiment [8]

Core Viewpoint - The company, Digital Video Technology Co., Ltd., is experiencing a stable market environment with potential growth in its CAS market due to the replacement of outdated systems and advancements in digital copyright management technologies. Industry Analysis - The company holds the most provincial network operator cases and the highest national secret certification level in traditional DVB network security, indicating a strong market position in CAS/DCAS systems [2]. - The company has made significant advancements in copyright protection through the integration of new technologies, including blockchain for digital rights management, which enhances the control authors have over their copyrights [2]. - The company is the first to pass the ChinaDRMLAB security assessment for both DRM and digital watermark products, showcasing its commitment to security and innovation in digital content protection [3]. Financial Performance - For the first half of 2025, the company reported revenue of 265 million yuan, representing a year-on-year growth of 24.66%, and a net profit of 16.7 million yuan, which is a substantial increase of 2747.64% compared to the previous year [8]. - The company has distributed a total of 370 million yuan in dividends since its A-share listing, with 42.83 million yuan distributed over the last three years [9]. Shareholder and Market Activity - As of September 10, the number of shareholders stood at 80,000, with an average of 16,018 shares held per shareholder, indicating stable shareholder engagement [8]. - The company has seen a slight decrease in net inflow from major funds, with a net outflow of 7.37 million yuan today, suggesting a cautious market sentiment [4][5].

Core Viewpoint - The company, Digital Vision, is experiencing a positive market response with a recent stock increase and is actively involved in various sectors including digital watermarking, internet finance, and copyright protection technologies [1][2]. Industry Analysis - The company's CAS/DCAS systems have the highest number of provincial network operator cases and the best national encryption certification, indicating a strong position in traditional DVB network security. The market for CAS systems is expected to gradually recover in the coming years due to the replacement of outdated systems [2]. - Digital Vision has made significant advancements in copyright protection by integrating new technologies, including blockchain for digital rights management, which enhances the control authors have over their works compared to traditional methods [2]. - The company is recognized as the first to pass the ChinaDRMLAB security assessment for both DRM and digital watermarking products, showcasing its commitment to security and innovation in its offerings [3][2]. Financial Performance - For the first half of 2025, Digital Vision reported a revenue of 265 million yuan, representing a year-on-year growth of 24.66%, and a net profit of 16.7 million yuan, which is a substantial increase of 2747.64% compared to the previous year [8]. - The company has distributed a total of 370 million yuan in dividends since its A-share listing, with 42.83 million yuan distributed over the last three years [9]. Shareholder Information - As of September 10, 2025, the number of shareholders for Digital Vision stands at 80,000, with an average of 16,018 shares held per shareholder, indicating stable shareholder engagement [8]. - Notable institutional shareholders include Southern CSI 1000 ETF and Hong Kong Central Clearing Limited, both of which have increased their holdings recently [9].

Core Viewpoint - The company, Digital Vision, is experiencing a decline in stock price and trading volume, while also showing potential growth in its core business areas such as digital copyright protection and internet finance. Group 1: Company Performance - On October 17, Digital Vision's stock fell by 2.99%, with a trading volume of 171 million yuan and a market capitalization of 7.857 billion yuan [1] - As of September 10, the company reported a revenue of 265 million yuan for the first half of 2025, representing a year-on-year growth of 24.66%, and a net profit of 16.7 million yuan, up 2747.64% year-on-year [8] Group 2: Business Segments - The company has a diverse revenue structure, with video technology products and services accounting for 34.01%, information service terminals 21.46%, and financial technology products 6.70% [7] - Digital Vision is focusing on internet finance as a key new business area, with nearly 400 partners and a monthly capital flow of 1.5 billion yuan, indicating strong growth potential [2] Group 3: Technological Advancements - The company has made significant advancements in copyright protection through digital watermarking and blockchain technology, enhancing the security and management of digital rights [2][3] - Digital Vision is the first company to pass the ChinaDRMLAB security assessment for both DRM and digital watermarking products, showcasing its commitment to security in digital content [3][2] Group 4: Market Position - The company holds the most provincial network operator cases and the highest national secret certification level in traditional DVB network security, indicating a strong market position [2] - The CAS market is expected to gradually recover in the coming years due to the replacement of outdated CAS systems [2]

Core Viewpoint - The company, Digital Vision, is experiencing a decline in stock price and trading volume, while also showing potential growth in various technology sectors such as digital copyright protection and internet finance [1][5]. Group 1: Company Performance - On October 14, Digital Vision's stock fell by 2.57%, with a trading volume of 221 million yuan and a market capitalization of 8.114 billion yuan [1]. - The company reported a revenue of 265 million yuan for the first half of 2025, representing a year-on-year growth of 24.66%, and a net profit of 16.7 million yuan, which is a significant increase of 2747.64% [9]. Group 2: Technology and Services - Digital Vision has a strong position in traditional DVB network security, with its CAS/DCAS systems having the most provincial network operator cases and the highest national encryption certification level [2]. - The company is actively exploring the integration of copyright protection with new technologies, including blockchain for digital rights management, which offers advantages such as timely rights confirmation and clear ownership [2][3]. - In the data security sector, Digital Vision possesses proprietary digital security architecture and comprehensive information processing platform capabilities, focusing on trusted computing environments and national encryption algorithms [3]. Group 3: Business Development - Internet finance is a key focus for the company, with rapid growth in P2P cooperation business, currently involving nearly 400 partners and a monthly capital flow of 1.5 billion yuan [4]. - The company has achieved a full industry chain layout in ultra-high-definition video, covering aspects from collection to core transmission and security [3]. Group 4: Market Position and Shareholder Information - Digital Vision operates in the IT services sector, with its main revenue sources being video technology products and services (34.01%), information service terminals (21.46%), and financial technology products (6.70%) [8]. - As of September 10, the number of shareholders stood at 80,000, with an average of 16,018 circulating shares per person [9]. - The company has distributed a total of 370 million yuan in dividends since its A-share listing, with 42.83 million yuan in the last three years [10].