2024 Semi-Annual Report
2024 Semi-Annual Report Summary
ST Guangwang (600831.SH): net loss of 0.364 billion yuan in the first half of the year.
ST Guangwan (600831.SH) released its semi-annual report on August 29th, which showed that during the reporting period, it achieved revenue of 0.858 billion yuan, a year-on-year decrease of 33.11%. This was mainly due to intensified competition, user attrition, speed increase and fee reduction, resulting in a decline in traditional cable television business. The transformational new business, such as broadcasting 5G, has not been able to make up for the decline in traditional business. In addition, the company aimed to improve the efficiency of capital utilization and control the scale of low-margin customer business such as construction and system integration, which led to a decrease in gross margin. The net profit attributable to shareholders of the listed company was -0.364 billion yuan, which turned from profit to loss year-on-year. This was mainly due to the significant decrease in operating income, while operating...
Special treat Guangwang (600831.SH): signed a strategic cooperation agreement with Tencent Cloud to promote industrial development.
On August 19th, Gelonhui reported that ST Guangwang (600831. SH) announced its strategic partnership with Tencent Cloud Computing (Beijing) Co., Ltd. (referred to as Tencent Cloud) in Xi'an, signing the "Promoting Industrial Development Strategic Cooperation Agreement". The company and Tencent Cloud have already carried out cooperation in multiple areas, including in the fusion media business, where Tencent Cloud has built AI middleware, user middleware, data middleware, and operation Middleware for the company; also in the network broadband business scenario, Tencent Cloud relies on cloud resources and game-related technology accumulation to provide game acceleration services for the company. On this basis, the two parties plan to deepen cooperation in multiple key areas.
China Best's subsidiary signed a strategic framework agreement with China Broadcasting Ningxia Network.
China Best (00370) issued an announcement that recently, Shenzhen Number Wiz Intelligent Computing Technology Co., Ltd. (Shenzhen Number Wiz, a subsidiary without full ownership of the company) signed a strategic framework agreement with China Broadcasting Ningxia Network Co., Ltd. (strategic partner) on the strategic cooperation covering the development of artificial intelligence, various computing services and advanced computing infrastructure. The strategic cooperation will help build the most important data center in Zhongwei, Ningxia and promote the development of digital economy. According to the framework agreement, through participating in the construction of the Zhongwei data center, the two parties will use their respective resources and professional knowledge to carry out a series of investments and cooperation in the field of computing and digital economy related projects.
Special treat Guangwang (600831.SH) received a government subsidy of 10.0026 million yuan.
On July 26th, Gelun Hui reported that ST Guangwang (600831.SH) has received a total of 10.0026 million yuan in government subsidies from January 2024 to the date of this announcement. Among them, 6 million yuan of government subsidies are related to assets, and 4.0026 million yuan are related to revenue.
Shaanxi Broadcast & TV Network Intermediary(Group)Co.,Ltd. (SHSE:600831) Not Doing Enough For Some Investors As Its Shares Slump 25%
Shaanxi Broadcast & TV Network Intermediary(Group)Co.Ltd (SHSE:600831 Investor Five-year Losses Grow to 76% as the Stock Sheds CN¥370m This Past Week
Announcement of expected loss in performance for the first half of 2024.
Shaanxi Broadcast & TV Network Intermediary (600831.SH) is expected to have a net loss of 310 million to 370 million yuan in the first half of the year.
On July 8th, Gelunhui reported that Shaanxi Broadcast & TV Network Intermediary (600831.SH) estimated that the net income attributable to the owner of the parent company in the first half of 2024 will be -310 million yuan to -370 million yuan, and there will be losses compared with the same period of the previous year (legally disclosed data). It is expected that the net income attributable to the owner of the parent company after deducting non-recurring gains and losses in the first half of 2024 will be -320 million yuan to -380 million yuan. The main reason why the company's performance is expected to be in deficit in the first half of 2024 is the intensified competition, user loss, and the reduction of network speed tariffs.
Guangxi Radio and Television Information Network Corporation (600936.SH) plans to establish a subsidiary, Guangxi Broadcast & TV Network Intermediary Technology Development, and transfer 7.78 billion yuan of assets to it.
Zhītōng Finance APP news, Guangxi Radio and Television Information Network Corporation (600936.SH) announced that the company plans to establish a new subsidiary, Guangxi Broadcast & TV Network Intermediary Technology Development Co., Ltd., as a wholly-owned subsidiary of the company. The company plans to transfer the related assets, debts, and personnel of the radio and television business of the parent company to the newly established subsidiary. The asset transfer benchmark date is December 31, 2023. As of December 31, 2023, the total amount of assets to be transferred in this plan is RMB 7.78 billion, the total liabilities is RMB 6.581 billion, and the net assets is RMB 1.198 billion.
Shaanxi Broadcast & TV Network Intermediary (600831.SH): Received administrative penalty advance notice
On July 5th, Glodon Inc. announced that on July 5th, 2024, the company received a notice of administrative penalty from the Shaanxi Securities Regulatory Bureau of the China Securities Regulatory Commission (Shan Securities Regulatory Penalty No. [2024] No. 2) According to the provisions of Article 197, Paragraph 2 of the Securities Law, the Shaanxi Securities Regulatory Bureau of the China Securities Regulatory Commission intends to make the following decisions: First, Shaanxi Broadcast & TV Network Intermediary (Group) Co., Ltd. is ordered to make corrections, given a warning, and fined 5.4 million yuan; Second, Wang Liqiang is given a warning and fined 2.4 million yuan, and third, Han Pu is given a warning and fined 2 million yuan. Fourth, to
Shaanxi Broadcast & TV Network Intermediary (600831.SH): The company's stocks will be subject to other risk warnings.
On July 5th, Gelonhui reported that Shaanxi regulation office of China Securities Regulatory Commission issued a notice of administrative penalty in advance to the company. According to the content specified in the notice, the company's annual report for 2022 was falsely recorded. According to the relevant regulations of the Stock Listing Rules of Shanghai Stock Exchange (revised in April 2024), the company's stocks will be subject to other risk warnings. Trading in the stock will be suspended starting from July 8, 2024 and the implementation will start from July 9, 2024.
Shaanxi Broadcast & TV Network Intermediary (600831.SH): "Broadcaster Convertible Bonds" will be redeemed upon expiry and delisted.
On June 18th, Gelonhui reported that Shaanxi Broadcast & TV Network Intermediary (600831.SH) announced that within 5 trading days after the convertible bonds issued this time expire, the company will redeem the unconverted convertible bonds at a price of 108% (including the last period's interest) of the face value of the bonds. The principal and interest amount of the "Shaanxi Broadcast & TV Network Intermediary convertible bonds" will be redeemed at 108 yuan RMB per bond (tax included). The "Shaanxi Broadcast & TV Network Intermediary convertible bonds" will stop trading on June 24, 2024 and June 21, 2024 is the last trading day for the bonds. After the trading is suspended and before the conversion period ends (from June 24, 2024 to June 26, 2024), "Shaanxi Broadcast & TV Network Intermediary convertible bonds"...
Shaanxi Broadcast & TV Network Intermediary (600831.SH): Director Wang Liqiang has resigned as chairman.
On June 3, GeLonghui announced that it had received a written resignation report from Chairman Wang Liqiang. Mr. Wang Liqiang resigned from the ninth board of directors, chairman, convener of the strategic committee, member of the nomination committee, and member of the remuneration and assessment committee due to job adjustments. According to relevant regulations such as the "Company Law", "Self-Regulatory Management Guidelines for Listed Companies on the Shanghai Stock Exchange-Standard Operations", and "Company Articles of Association", Mr. Wang Liqiang's resignation will take effect upon submission of the resignation report to the board of directors. After his resignation, Mr. Wang Liqiang plans to serve as the company's supervisor. As of now, Wang Liqiang has
Radio and Television Network (600831.SH): Plans to register to issue medium-term notes of no more than 1 billion yuan
On May 17, Ge Longhui Radio and Television Network (600831.SH) announced that the company plans to apply for medium-term notes with a total registration amount of not more than RMB 1 billion (including 1 billion yuan), and will issue them once or in installments according to the company's actual capital requirements and market environment. The final registration amount will be based on the amount specified in the registration notice of the China Interbank Market Dealers Association.
Radio and Television Network (600831.SH): The second phase of the data center is still being planned
On May 14, Ge Longhui Radio and Television Network (600831.SH) said on the investor interactive platform that the second phase of the company's data center is still being planned.
Radio and Television Network (600831.SH) announced first-quarter results with a net loss of 93.17 million yuan
Radio and Television Network (600831.SH) disclosed its report for the first quarter of 2024. The company achieved revenue of 4.1 during the reporting period...
Radio and Television Network (600831.SH): net loss of 626 million yuan in 2023
On April 24, Ge Longhui Network (600831.SH) released its 2023 annual report. During the reporting period, it achieved operating income of 2.308 billion yuan, a year-on-year decrease of 23.02%; net profit attributable to shareholders of listed companies - 626 million yuan; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 648 million yuan; and basic earnings per share - 0.8815 yuan.
Huashu Paulinqiang: Continuously Deepening the “Five Major Integrations” and Enhancing the “Five Competencies”
Sina Technology News reported on the afternoon of March 28 that the 11th China Online Audiovisual Conference was held in Chengdu. Bao Linqiang, Party Secretary and Chairman of China Digital Media, delivered a speech at the main forum of the conference. Bao Linqiang said that in order to develop new quality productivity, Huashu will continue to deepen the “five major integrations”, namely institutional integration, technological integration, media integration, cultural integration, and fixed migration integration. In addition, Pauling Qiang said that Huashu will continue to optimize the “five major plans” including plans such as the renewal plan and the leap forward plan, and will continue to improve the “five major capabilities”, including the ability to build new radio and television networks, basic public service capabilities, and safety and security infrastructure
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