AVIT(SZ:300264)2022-12-05 00:58Group 1: Business Overview - Shenzhen Jiachuan Video Technology Co., Ltd. is a leading provider of end-to-end digital TV solutions in China, focusing on the broadcasting industry for many years [1] - The company has launched the "VR + Broadcasting" business, marking the world's first trial broadcast in collaboration with five provincial and municipal broadcasting network companies [2][3] - The trial aims to collect feedback and experiences to facilitate the large-scale promotion of virtual reality services [4] Group 2: Market Strategy - The company plans to explore new business models that integrate virtual reality with traditional broadcasting, including paid VR, VR advertising, and VR live streaming [3][4] - Jiachuan Video has provided services to nearly 20 provincial network companies and around 100 municipal network companies, covering over 100 million digital TV users in China [4] - The company aims to expand its international market presence, particularly in countries along the "Belt and Road" initiative, leveraging its experience in providing digital TV solutions to over 40 countries [4] Group 3: Technological Development - The company has developed over 30 hours of VR video content and continues to update its video library to meet future broadcasting needs [3] - Jiachuan Video emphasizes the importance of high-quality content in the VR industry and has invested in various content categories, including scenic spots, sports, and entertainment [5] - The company is committed to building a leading virtual reality broadcasting cloud platform and terminal business presentation system [4] Group 4: Financial Performance - In Q1 2017, the company reported revenue of approximately 32.38 million yuan, a year-on-year increase of 30.23%, although net profit was negative due to seasonal factors [12] - The gross profit margin for software system products reached 78.71%, indicating a strong position in the industry [12] - The company aims to enhance its market development efforts to improve overall profitability and return value to investors [12]