广东南方新媒体股份有限公司 2024 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、重要提示 1. 本次股东大会未出现否决议案的情形。 证券代码：300770 证券简称：新媒股份 公告编号：2025-020 二、会议召开情况 2. 本次股东大会不涉及变更前次股东大会决议。 （一）会议召开时间 （1）现场会议：2025 年 5 月 21 日（星期三）下午 15:00 开始。 （2）网络投票： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 21 日 9:15-9:25、9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网投票系统进 行投票的具体时间为：2025 年 5 月 21 日 9:15-15:00 的任意时间。 （二）会议召开地点：广州市越秀区人民北路 686 号自编 25 幢公司一楼会 议室。 （三）会议召集人 广东南方新媒体股份有限公司董事会。 （四）投票方式 （六）本次会议的召集、召开符合《中华人民共和国公司法》《上市公司 股东大会规则》等有关法律、行政法规、部门规章、规范性 ...

北京大成（广州）律师事务所 关于广东南方新媒体股份有限公司 2024 年度股东大会的 法 律 意 见 书 北 京 大 成 （ 广 州 ） 律 师 事 务 所 www.dentons.cn 中国广州市珠江新城珠江东路 6 号周大福金融中心 14、15 楼（510623） 14/F、15/F, CTF Finance Centre, No.6, Zhujiang East Road, Zhujiang New Town, Guangzhou,P.R.China,510623 Tel: +86 20-8527 7000 Fax: +86 20-8527 7002 二零二五年五月 dentons.cn 北京大成（广州）律师事务所 关于广东南方新媒体股份有限公司 2024 年度股东大会的 法律意见 致：广东南方新媒体股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共和国公司 法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司股东会规则》（中 国证券监督管理委员会公告〔2025〕7 号）（以下简称"《股东会规则》"）等法律、法 规和其他有关规范性文件的要求，北京大成（广州）律 ...

证券代码：300770 证券简称：新媒股份 广东南方新媒体股份有限公司 投资者关系活动记录表 编号：2025-002 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称 通过全景网参加公司 2024 年度网上业绩说明会的投资者 时间 2025 年 05 月 08 日 15:00 – 17:00 地点 全景网"投资者关系互动平台"（http://ir.p5w.net） 上市公司接待人 员姓名 董事长 蔡伏青 董事、总裁 杨德建 高级副总裁、董事会秘书 姚军成 财务负责人 温海荣 独立董事 王建业 独立董事 韩国强 独立董事 聂新军 1 | | 公司与本次参与 2024 年度网上业绩说明会的投资者进行 | | --- | --- | | | 了互动交流，就投资者关注的问题进行了回复。 | | | 主要交流内容如下： | | | 1、公司未来是否有计划拓展新的业务领域或市场？比如 | | | 在智慧家庭、智慧城市等领域，是否有具体的业务布局或合作 | | | 计划？ | | | 尊敬的投资者，您好！公司致力于打造"立足广东，辐射 ...

证券代码：300770 证券简称：新媒股份 公告编号：2025-019 广东南方新媒体股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 广东南方新媒体股份有限公司（以下简称"公司"）于 2024 年 8 月 6 日召 开第三届董事会第十七次会议、第三届监事会第十一次会议，并于 2024 年 8 月 23 日召开 2024 年第一次临时股东大会，审议通过了《关于回购公司股份方案的 议案》，公司拟使用自有资金以集中竞价方式回购公司股份，回购资金总额不低 于人民币 5,000 万元（含）且不超过人民币 10,000 万元（含），资金来源为自有 资金，回购价格不超过人民币 49 元/股（含），本次回购的股份将用于减少公司 注册资本，回购实施期限为自股东大会审议通过回购股份方案之日起不超过 12 个月。鉴于公司 2024 年半年度权益分派、特别分红权益分派已分别于 2024 年 9 月 30 日、11 月 26 日实施完毕，根据公司《回购报告书》，本次回购价格上限 由不超过人民币 49 元/股（含）调整为不超过人民币 46.89 ...

证券代码：300770 证券简称：新媒股份 广东南方新媒体股份有限公司 投资者关系活动记录表 编号：2025-001 2 务 IPTV 和互联网电视成长为全国的行业标杆。2024 年，IPTV 基 础业务有效用户数超过 2057 万，增值业务实现了有效增长；互联 网电视提升运营水平，强化终端播控，云视听系列产品用户数超 2.3 亿，有效智能终端数量达到 2542 万台。2024 年，公司内容业 务初露锋芒，喜粤 TV 媒资库规模扩大，内容产品覆盖范围更广， 内容投资生产扎实推进，涵盖网络剧、微短剧、电影、电视剧、 动画片等品类。 4、公司未来的发展战略及未来展望是怎样的？ 2025 年，公司聚焦于四个核心领域，实现跨地域、跨平台、 跨媒介和跨行业发展和创新突破，全力迈向高质量发展新阶段， 具体如下： （1）巩固平台优势，拓展区域覆盖版图 | | ■特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 ■业绩说明会 | | 投资者关系活 | □新闻发布会 □路演活动 | | 动类别 | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称 | 中金公司、广发 ...

事件：公司发布2024 年报及2025 一季报。2024 年公司实现营业收入15.79 亿元（YoY+3.63%），实现 归母净利润6.58 亿元（YoY-7.04%），实现扣非归母净利润6.69亿元（YoY-2.31%），主要是由于利息 收入减少、增值税进项税加计抵减政策到期导致计入其他收益的增值税进项税加计抵减金额减少以及因 公司享受企业所得税免税政策延续调整递延所得税资产导致递延所得税费用增加所致。2025Q1 实现营 业收入4.07亿元（YoY+1.48%），实现归母净利润1.61 亿元（YoY+8.69%），实现扣非归母净利润1.61 亿元（YoY+8.72%）。2024/2025Q1 毛利率达50.20%/48.94%（YoY-1.45/-1.38PCTs ），销售费用率达 2.29%/3.21%（YoY+0.0/+0.73PCTs ），管理费用率达3.31%/3.10% （ YoY-0.08/+0.16PCTs ）， 研发费 用率达3.22%/3.36% （ YoY-0.01/+0.38PCTs）。 IPTV 基础业务持续发力，有效用户数量稳健增长。公司作为广东省唯一的IPTV 集成播控分平台运 ...

Group 1 - The company reported a revenue of 1.579 billion yuan for 2024, maintaining positive growth, and a net profit of 669 million yuan after deducting non-recurring items [1] - Since its listing in 2019, the company has achieved a cumulative revenue of 8.157 billion yuan and a cumulative net profit of 3.707 billion yuan [1] - The profit distribution plan includes a cash dividend of 7.60 yuan per 10 shares, resulting in a total cash dividend of approximately 655 million yuan for 2024, with a payout ratio of 99.86% [1] Group 2 - The company is enhancing the operational efficiency of its internet audio-visual business and improving the value-added capabilities of its core products [2] - The IPTV platform integrates quality resources from various content providers, creating a comprehensive content matrix [2] - The cloud viewing product has over 230 million users and 25.42 million effective smart terminals [2] Group 3 - The chairman emphasized the company's commitment to expanding the business boundaries of core products and exploring integration with smart home and smart city sectors [3] - The company aims to deepen collaboration within the content industry chain and innovate content types, leveraging AI to meet diverse user needs [3]

Investment Rating - The report maintains a rating of "Accumulate" for the company [6]. Core Views - The company has shown steady growth in its main business, with its core audiovisual platform continuing to strengthen [1]. - The IPTV basic business has seen robust growth, with effective user numbers steadily increasing [2]. - The content copyright business is integrating industry resources to build a content value closed loop, despite a slight decline in revenue [3]. - The company is expected to achieve revenue of 16.7 billion, 18.0 billion, and 19.5 billion yuan from 2025 to 2027, with corresponding net profits of 7.0 billion, 7.7 billion, and 8.5 billion yuan [3]. Financial Performance - In 2024, the company achieved operating revenue of 1.579 billion yuan (YoY +3.63%) and a net profit attributable to shareholders of 658 million yuan (YoY -7.04%) [1]. - For Q1 2025, the company reported operating revenue of 407 million yuan (YoY +1.48%) and a net profit of 161 million yuan (YoY +8.69%) [1]. - The gross margin for 2024 and Q1 2025 was 50.20% and 48.94%, respectively [1]. - The company’s IPTV basic business revenue for 2024 was 834 million yuan (YoY +3.13%), with effective users reaching 20.57 million (YoY +5.43%) [2]. - The internet audiovisual business revenue for 2024 was 633 million yuan (YoY +4.49%) [2]. - The content copyright business revenue decreased by 5.67% to 84 million yuan in 2024 [3]. Future Projections - The company is projected to achieve operating revenues of 1.670 billion, 1.801 billion, and 1.950 billion yuan from 2025 to 2027, with net profits of 701 million, 771 million, and 851 million yuan respectively [5]. - The current market capitalization corresponds to a price-to-earnings ratio (PE) of 13, 12, and 11 times for the years 2025 to 2027 [3].

Investment Rating - The report maintains a rating of "Accumulate" for the company [6]. Core Views - The company has shown steady growth in its main business, with its core audiovisual platform continuing to strengthen [1]. - The IPTV basic business has seen robust growth, with effective user numbers steadily increasing [2]. - The content copyright business is integrating industry resources to build a closed-loop value chain, despite a slight decline in revenue [3]. - The company is expected to achieve revenue growth in the coming years, with projected revenues of 16.7 billion, 18.0 billion, and 19.5 billion for 2025, 2026, and 2027 respectively [3]. Financial Performance Summary - In 2024, the company achieved operating revenue of 1.579 billion (YoY +3.63%) and a net profit attributable to shareholders of 658 million (YoY -7.04%) [1]. - For Q1 2025, the company reported operating revenue of 407 million (YoY +1.48%) and a net profit attributable to shareholders of 161 million (YoY +8.69%) [1]. - The gross margin for 2024 and Q1 2025 was 50.20% and 48.94% respectively [1]. - The company’s IPTV basic business revenue reached 834 million in 2024 (YoY +3.13%), with effective users reaching 20.57 million (YoY +5.43%) [2]. - The internet audiovisual business generated revenue of 633 million in 2024 (YoY +4.49%) [2]. - The content copyright business revenue declined to 84 million in 2024 (YoY -5.67%) [3]. Future Projections - The company is projected to achieve net profits of 701 million, 771 million, and 851 million for 2025, 2026, and 2027 respectively [3]. - The current market capitalization corresponds to a PE ratio of 13, 12, and 11 for the years 2025, 2026, and 2027 [3].

Core Viewpoint - New Media Co., Ltd. demonstrated steady growth in Q1 2025, particularly in operating cash flow per share and net profit margin [2][3][7] Financial Overview - The company achieved total revenue of 407 million yuan, a year-on-year increase of 1.48% [2] - The net profit attributable to shareholders reached 161 million yuan, growing by 8.69% year-on-year [2] - The net profit excluding non-recurring items was also 161 million yuan, reflecting an 8.72% year-on-year increase [2] Profitability - The gross margin was 48.94%, a decrease of 2.75 percentage points compared to the same period last year [3] - The net profit margin increased to 39.53%, up by 7.02 percentage points year-on-year [3] - Earnings per share were 0.7 yuan, representing a year-on-year growth of 7.69% [3] Cash Flow and Asset Status - Operating cash flow per share significantly increased to 2.45 yuan, a year-on-year rise of 176.92% [4] - Cash and cash equivalents decreased from 3.607 billion yuan to 2.626 billion yuan, a decline of 27.21% year-on-year [4] - Accounts receivable also decreased from 246 million yuan to 228 million yuan, down by 7.29% year-on-year [4] Cost and Expenses - Total operating expenses (selling, administrative, and financial expenses) amounted to 19.87 million yuan, accounting for 4.89% of revenue, which is a significant increase of 153.00% year-on-year [5] Debt Repayment Ability and Capital Structure - Interest-bearing liabilities decreased from 8.5319 million yuan to 6.929 million yuan, a year-on-year decline of 18.79% [6] Investor Returns - Since its listing, the company has raised a total of 1.161 billion yuan and distributed a total of 1.805 billion yuan in dividends, resulting in a dividend-to-financing ratio of 1.55, indicating a strong commitment to shareholder returns [7]