ChiNese ChuRinga(SZ:300250)2022-12-08 01:21Group 1: Company Overview and Performance - The overall performance of the company's access products has improved compared to last year, with stable growth in large customer access systems [1] - The sales revenue and profit of the broadband access system have slightly declined due to competition among vendors [1] Group 2: Acquisition of Beijing Shidake - Beijing Shidake primarily engages in the development of interactive media platform software and has successful cases with Mango TV and Guangxi Broadcasting [1] - The profit sources for Shidake include sales of system platform software, operational service revenue sharing, and application client software licensing fees [1] Group 3: Regulatory Impact - The ban on internet boxes by the broadcasting authority does not affect the company, as it focuses on operator-customized boxes, which promotes the standardized development of operator boxes [2] - The ban is beneficial for the development of platform software, which is Shidake's area of expertise [2] Group 4: Financial Management and Integration - The company effectively manages financial accounting and fund management for its subsidiaries, with ongoing integration of business development [2] - The acquisitions of Boruide and the planned acquisition of Shidake are crucial for enhancing the big data industry chain [2] Group 5: Market Position and Future Prospects - Shidake has advantages in platform software technology, and its market performance will depend on its ability to capture market opportunities [2] - The establishment of a credit company is primarily to provide credit services, with the company holding a minor stake [2] Group 6: Historical Context of Shidake - Before January 2014, Shidake was in its early stages, facing significant losses and cash flow issues, with negative equity reported at the end of 2013 [3] - Shidake began to turn a profit gradually starting in the second half of 2014 [3]