近期，歌华有线（600037.SH）发布2025年度业绩预告，公司预计实现归母净利润3200万元至4800万 元，与上年同期相比，实现扭亏为盈。 公开资料显示，歌华有线是中国广电集团旗下的重要上市企业，主要负责北京市广播电视网络的开发、 经营管理和维护，主营广播电视节目收转传送、网络信息服务、视频点播业务，以及基于有线电视网的 互联网接入服务、互联网数据传送增值业务等。 在巩固主营业务的同时，歌华有线亦通过产业基金完成对商业航天、具身智能等领域的布局。 1月28日晚间，歌华有线发布公告称，公司作为有限合伙人，以自有资金1亿元认购由中兵顺景股权投资 管理有限公司发起设立并担任普通合伙人的顺新具身智能机器人股权投资基金（有限合伙），占基金认 缴出资总额的5%。该基金聚焦于智能机器人产业链投资，有利于实现具身智能与公司广电业务的协 同，强化公司主业技术融合与生态合作，为公司未来发展赋能，并获取合理的投资回报，符合公司发展 及股东利益。 在此之前，歌华有线已通过中关村龙门基金间接投资航天众信和云圣智能项目，并通过歌华丝路金桥传 媒产业并购基金间接投资凌空天行及佰才邦项目。 其中，航天众信主要从事技术开发、软件服务及智 ...

Core Viewpoint - Beijing Gehua Cable Network Co., Ltd. reported a decline in revenue and a narrowed loss in its 2025 semi-annual report, indicating challenges in the cable television industry while pursuing strategic transformation [1] Financial Performance - The company achieved operating revenue of 933 million yuan, a year-on-year decrease of 11.90% [1] - The net profit attributable to shareholders was -9.6943 million yuan, showing a reduction in losses compared to the previous year [1] Business Operations - Gehua Cable is responsible for the development, management, and maintenance of broadcasting and television networks in Beijing, including services such as broadcasting, internet access, and value-added data transmission [1] - The company is actively transitioning from a "single cable television transmission provider" to a "high-quality cultural service operator" and a "smart broadcasting service provider" [1] Strategic Initiatives - The company is focused on consolidating its cable television base while implementing the "China (Beijing) Ultra HD Television Pioneer Action Plan" to promote end-to-end development in ultra-high-definition services [1] - Efforts include high-quality operation of the "Revisit Classics" channel and steady advancement of key government and enterprise projects [1] - The company aims to curb the decline in cable television users and expand broadband user scale, while integrating its network in Zhuozhou into Hebei Broadcasting [1]