XMGF(SZ:300770)2024-09-03 10:39Financial Performance - In the first half of 2024, the company achieved operating revenue of 771 million RMB, a year-on-year increase of 9.16% [3] - The net profit attributable to shareholders was 278 million RMB, a decrease of 15.58% year-on-year [3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was also 278 million RMB, down 13.50% year-on-year, primarily due to an increase in corporate income tax expenses by 43.88 million RMB [3] Business Segments - The IPTV basic business generated approximately 419 million RMB in revenue, reflecting a year-on-year growth of 13.32% [3] - As of June 2024, the effective users of the IPTV basic business reached 20.29 million, an increase of 2.42% [3] - The internet audio-visual business revenue was about 303 million RMB, up 5.19% year-on-year [4] - The revenue from Guangdong IPTV value-added services was 191 million RMB, a decline of 1.70% [4] - The internet television business revenue was 111 million RMB, showing a significant increase of 19.61% [4] Content and Copyright - The content copyright business generated revenue of 38.68 million RMB, down 8% year-on-year, affected by the cyclical nature of content investment and returns [4] - The company is expanding its media library, covering various quality programs, and investing in children's films and stage plays [4] Future Strategies - In the second half of 2024, the company aims to focus on becoming a leading platform in internet audio-visual services, enhancing user experience and optimizing content distribution [5] - The company plans to continue improving its IPTV and internet television services, exploring new business models and expanding its content offerings [5] Shareholder Returns - The company emphasizes shareholder returns, proposing a cash dividend of 8.00 RMB per 10 shares for the first half of 2024, totaling 183 million RMB, which accounts for 65.95% of the net profit attributable to shareholders [5] - Since its listing in 2019, the company has consistently increased its dividend payouts, with cumulative cash dividends reaching approximately 1.496 billion RMB [5] Share Buyback - In August 2024, the company announced a new share buyback plan, intending to use up to 100 million RMB to reduce registered capital, enhancing earnings per share and investor returns [6]