B-Ray Media(SH:600880)2024-09-06 09:26Group 1: Company Overview and Business Strategy - Chengdu Borui Communication Co., Ltd. aims to become an important capital platform for Chengdu's cultural and creative digital economy, focusing on "smart management, digital culture, and modern media" [2] - The company has developed 8 platforms under the Chengdu Cultural Exchange Center, with a total transaction volume exceeding 500 million [2] - The "Cultural Products International Trading and Settlement Comprehensive Service Platform" has achieved a transaction volume of 37 million, facilitating the export of domestic cultural products [2] Group 2: Game Business Performance - The game segment has shown strong growth, with revenue and net profit increasing year-on-year in 2024 [2] - The company has obtained licenses for new games, including "Roaming Five Thousand Years" and "One Hundred Thousand Cold Jokes" [2] - The game business's revenue accounted for 52% of the company's total revenue in the first half of the year [3] Group 3: Educational Business Challenges - The educational segment faced challenges due to a decline in market demand, leading to conservative purchasing intentions among clients [3] - The company is adopting a stable operational approach to mitigate risks associated with aggressive expansion [3] - Efforts are being made to improve the business structure and increase the proportion of operational income through value-added services [3] Group 4: Market Value Management - The company is closely monitoring the State-owned Assets Supervision and Administration Commission's requirements for market value management [3] - The core philosophy is to create intrinsic value and enhance company quality, aiming to provide reasonable returns to investors [3]