XMGF(SZ:300770)2022-12-03 10:04Group 1: Company Overview - The company has accumulated 190 million activated terminal users for its cloud viewing products by the end of 2018 [3] - The company has established a cooperative relationship with Tencent to provide quality viewing services for large-screen users [4] Group 2: Business Performance - In 2018, the company’s IPTV user base increased by approximately 5 million, primarily due to cooperation with Guangdong Mobile [3] - The company’s revenue and profit growth in Q1 were significantly driven by the increase in IPTV and Internet TV business [4] Group 3: Market Trends and Competition - The OTT market is expected to generate 30 billion yuan in advertising revenue by 2020, compared to 2.3 billion yuan in 2017 [3] - The competition between IPTV and DVB is evident, but both have strong compatibility with OTT, indicating a complementary relationship [3] Group 4: Future Developments - The company is focusing on expanding its IPTV and OTT services nationwide, beyond Guangdong Province [4] - The company plans to build a 4K cloud platform to support content creators and reduce production costs [5]