ChiNese ChuRinga(SZ:300250)2022-12-08 01:34Group 1: Company Performance - The company's overall revenue and net profit for the first three quarters have slightly decreased compared to the same period last year [1] - Traditional business has shown slight growth, while overall income has decreased by less than 10% [1] - The revenue from OEM processing with Shanghai Lusen has improved, but increased costs and expenses have led to some losses [1] Group 2: Acquisition and Future Prospects - The acquisition target, Beijing Shidake, specializes in interactive media platform software and has successful cases such as Mango TV and projects in Cambodia [2] - Beijing Shidake's committed net profits for 2016, 2017, and 2018 are projected to be 48.6 million, 62.8 million, and 74.8 million respectively, but it only achieved a net profit of over 22 million in 2015 [2] - The company has actively expanded into overseas markets, successfully establishing an OTT+IPTV platform in Cambodia and exploring potential collaborations in Southeast Asia and the Middle East [2] Group 3: Competitive Landscape - Major competitors of Beijing Shidake include Digital Video, Jiachuan Video, and Sihua Technology [2] - The company has faced significant challenges in its early stages, including negative equity and cash flow issues, but began to turn a profit in the latter half of 2014 [2] Group 4: Investment and Financing - Initial investment in Beijing Shidake was made by Chuling Venture Capital in January 2014, during a period of high risk due to the company's financial instability [2] - The company is currently seeking financing partners through a bidding process, with no confirmed partners yet [2]