OPG(600637)2024-04-19 08:58Dividend Distribution and Profit Allocation - The company plans to distribute a cash dividend of RMB 1.80 per share (tax included) for every 10 shares, totaling RMB 605,141,967.06 (tax included) based on 3,361,899,817 shares after deducting repurchased shares[4] - The company's unallocated profit after the cash dividend distribution is RMB 3,483,879,585.65, which will be carried forward to the next fiscal year[4] - The total share capital base for cash dividend calculation excludes 52,600,384 shares in the company's repurchase account, resulting in a base of 3,361,899,817 shares[174] - The cash dividend policy is in line with the company's sustainable and stable profit distribution policy and matches its business performance and future development plans[174] Share Capital and Repurchase - The total share capital of the company as of December 31, 2023, is 3,414,500,201 shares, with 52,600,384 shares repurchased and held in the company's repurchase account[4] - The company's board of directors approved the cancellation of all repurchased shares and a reduction in registered capital during the 8th (temporary) meeting of the 10th board[161] Financial Performance - Revenue for 2023 reached 7,973,350,186.01 RMB, an increase of 18.92% compared to 2022[17] - Net profit attributable to shareholders surged to 601,868,659.87 RMB, a 245.79% increase from 2022[17] - Operating cash flow for 2023 was 1,637,973,014.55 RMB, up 8.12% year-over-year[17] - Basic earnings per share (EPS) for 2023 stood at 0.1790 RMB, a 245.56% increase from 2022[18] - Non-recurring gains in 2023 included government subsidies of 99,538,804.96 RMB and gains from financial assets of 123,419,291.51 RMB[21] - Total assets at the end of 2023 were 44,139,984,573.04 RMB, a 1.70% increase from 2022[17] - Q4 2023 revenue was 2,366,983,656.63 RMB, the highest among all quarters[20] - Net profit attributable to shareholders in Q4 2023 was -184,335,306.18 RMB, a significant decline compared to other quarters[20] - Fair value changes in financial assets contributed 77,587.88 RMB to the company's profit in 2023[24] - Weighted average return on equity (ROE) for 2023 was 2.0488%, up 1.4616 percentage points from 2022[18] Company Information and Stock Listing - The company's registered office and headquarters are located at No. 757 Yishan Road, Xuhui District, Shanghai, China[12] - The company's stock is listed on the Shanghai Stock Exchange under the ticker symbol 600637, with the stock abbreviation "东方明珠" (Oriental Pearl)[15] - The company's annual report is disclosed through media outlets such as "China Securities Journal," "Shanghai Securities News," "Securities Times," and "Securities Daily"[14] - The company's financial statements are audited by Tianzhi International Accounting Firm (Special General Partnership), with signing auditors Ma Gang and Zhang Wuyi[16] Industry and Market Trends - The company's 5G users have reached 20 million, with 590,000 700MHz base stations built and 31 provincial branches registered[29] - Domestic tourism in 2023 recovered to 80.25% of 2019 levels in terms of visitor numbers and 85.59% in terms of revenue[30] - China's online retail sales in 2023 reached 15.42 trillion yuan, an 11% year-on-year increase, with physical goods accounting for 27.6% of total retail sales[33] - The national performance market saw 342,400 commercial performances in the first three quarters of 2023, with box office revenue of 31.541 billion yuan, a 453.74% year-on-year increase[32] - Shanghai hosted 681 exhibition events in 2023, ranking third in the Greater China region in the global conference destination competitiveness index[31] - The company has been selected as one of China's top 100 internet companies for 12 consecutive years and ranked among the top 30 cultural enterprises nationwide[26] - The digital economy in China is entering a new phase of deep application, standardized development, and inclusive sharing, with policies promoting digital cultural industries[27] - The media industry is transitioning to standardized operations, with improved user experience and accelerated smart operations, driven by regulatory reforms[28] - The integration of culture and tourism has deepened, with content marketing becoming a core capability for industry transformation[30] - The retail industry is increasingly integrating online and offline channels, with a focus on private traffic and AI-driven efficiency optimization[33] User Base and Intellectual Property - The company has a user base of over 100 million, with 61 million IPTV users, 107 million OTT users, 55 million pay-TV users, and 37 million video-on-demand users[39] - The company's 5G user base has exceeded 1 million, with the highest net increase rate of mobile users nationwide[39] - The company holds 772 intellectual property rights, including 165 patents and 607 software copyrights, in areas such as digital TV, advertising, and e-commerce[40] Cultural and Tourism Resources - The company operates multiple iconic cultural tourism resources in Shanghai, including the Oriental Pearl Tower and the Mercedes-Benz Cultural Center[35] - The company's cultural real estate business supports the development of smart cultural industry clusters in Shanghai, providing strategic space for business expansion[35] - The company's media fusion platform integrates content, consumption, and cultural tourism, enhancing user experience across multiple scenarios[37] Technology and Innovation - Oriental Pearl has developed and authorized 60 software products, including video compression algorithms, content distribution, and user management systems, showcasing its technological capabilities[42][43] - The company has a strong focus on video-related technologies, with multiple software products for 4K转码, HEVC video compression, and video cloud management[42][43] - Oriental Pearl has developed cross-platform user operation systems, including Android and iOS versions of its "Flying Saucer Live" app, indicating a focus on multi-device user engagement[42][43] - The company has invested in big data analytics, with software for CDN log analysis, user behavior analysis, and real-time data processing[42][43] - Oriental Pearl has expanded into VR technology with its "Smart Tour Guide" software, indicating a move into immersive media experiences[43] - The company has developed a unified user data platform for cross-industry and cross-terminal media, highlighting its focus on integrated user data management[42] - Oriental Pearl has created multiple tools for content management, including copyright management, media asset management, and program scheduling systems[42][43] - The company has developed internal management tools, such as HR management, asset management, and employee self-service platforms, improving operational efficiency[42][43] - Oriental Pearl has a strong focus on cloud services, with software for cloud backup, cloud gateway services, and video cloud token services[42][43] - The company has developed advanced user tagging and fusion systems, enabling more precise user segmentation and targeting[42][43] Media and Broadcasting Technology - SiTV has developed and authorized multiple software systems, including the SiTV UHR-100 4K uncompressed SSD recorder software V1.0 and SiTV OTT portal software V1.0, showcasing its focus on advanced media technology[44] - The company has launched a 4K media transmission and distribution system (OCN-4K V1.0) and an 8K media asset management system (SiTV-8K), indicating a push towards ultra-high-definition content delivery[45] - SiTV has introduced a new visual platform (SiTV New Visual Platform) and a backend management system (SiTV Backend Management System), reflecting ongoing innovation in media platform development[45] - The company has developed a 5G network VR panoramic video playback terminal software V1.0 and a VR+5G content production and transmission service platform software V1.0, highlighting its investment in VR and 5G technologies[45] - SiTV has created a high-definition multi-screen user on-demand system (Supporting High-Definition Multi-Screen User On-Demand System 1.0), emphasizing its focus on multi-platform content delivery[44] - The company has implemented a national cable network data analysis system (SiTV National Cable Network Data Analysis System 1.0), demonstrating its commitment to data-driven decision-making[44] - SiTV has developed a media asset automatic packaging configuration system (SITV Media Asset Automatic Packaging Configuration System 1.0), streamlining content distribution processes[44] - The company has introduced a big data analysis and statistics system (SITV Big Data Analysis and Statistics System), further enhancing its data analytics capabilities[44] - SiTV has launched a universal system management system (SITV Universal System Management System V1.0) and an operation management system (SITV Operation Management System V1.0), improving operational efficiency[44] - The company has developed a third-party injection management system (SITV Third-Party Injection Management System V1.0), facilitating integration with external content providers[44] E-commerce and Supply Chain Management - The company has developed and authorized a series of software products, including the "SMET Movie CDN Distribution Software V1.0" and "SMET Movie Authentication System Software V1.0," which are crucial for digital media distribution and security[163][164] - The "BestMovie-Theater Billing System" and "BestMovie-Theater Ordering Platform Software V1.0" have been authorized, indicating advancements in theater management and digital cinema operations[151][146] - The company has introduced "AR Operation and Maintenance Software V1.0" and "LFI Codec V1.0," showcasing innovation in augmented reality and light field image coding technologies[152][153] - The "MSRC-HomoNets V1.0" and "MS-WS-SSIM V1.0" software highlight the company's focus on advanced neural network-based image processing and quality evaluation[154][155] - The "Multimedia Information Release System Data Distribution Subsystem V1.0" and "Release Platform Subsystem V1.0" have been authorized, emphasizing the company's capabilities in multimedia data management[156][157] - The "User Interaction System Mobile End Store Marketing System V1.0" and "Topic Review Management System V1.0" reflect the company's efforts in enhancing user engagement and content moderation[159][161] - The "Oriental CJ New Middle Platform Order Center Software V1.0" and "Supplier Platform Software V1.0" demonstrate the company's advancements in e-commerce and supply chain management[165][167] - The "Oriental CJ New Middle Platform Inventory Center Management Software V1.0" and "WeChat Mini Program Order Support Software V1.0" highlight improvements in inventory control and mobile commerce[170][171] - The "Oriental CJ Supply Chain Management Logistics Monitoring Software V1.0" and "Clearing Service Platform Support Software V1.0" indicate enhancements in logistics and financial operations[173][172] - The "Virtual Reality Content Management Platform Software V1.0" and "Theater Platform Mobile End Broadcast Control Software V1.0" showcase the company's focus on VR content and mobile broadcasting solutions[150][149] Software Development and Innovation - The company has developed and authorized multiple software versions for various operational needs, including order management, logistics, and customer service, such as the "Oriental CJ Order Scheduling and Distribution Software V1.0" and "Oriental CJ Intelligent Delivery Software V1.0"[174-189] - Significant advancements in technology include the "Oriental CJ VR Virtual Reality Posture Capture Control System V1.0" and "Oriental CJ Mobile Payment Platform Software V1.0," indicating a focus on innovative solutions[192][191] - The company has a comprehensive suite of management software, including "Oriental CJ CMS Management Software V1.0" and "Oriental CJ TMS Self-operated Transportation Management Software V1.0," enhancing operational efficiency[184][185] - Expansion in e-commerce capabilities is evident with software like "Oriental CJ E-commerce Comprehensive Information Management System Software V1.0" and "Oriental CJ Online Shopping Mall Mobile APP Software V1.0"[203][204] - The company has developed specialized software for financial and inventory management, such as "Oriental CJ Financial Sales Management System Software V1.0" and "Oriental CJ E-commerce Platform Inventory Management System Software V1.0"[206][207] - Integration of advanced technologies is seen in "Oriental CJ Trust CTI Computer and Voice Technology Integration Software V2.0" and "Oriental CJ Trust IVR Automatic Voice Ordering Software V2.0," improving customer interaction[213][214] - The company has a robust system for real-time program management with "Oriental CJ Trust Broad Program System Real-time Management Software V3.0" and "Oriental CJ Trust HomeShopping Information Software V3.0"[215][216] - Quality and cost management are prioritized with "Oriental CJ Quality Management System V2.0" and "Oriental CJ Cost and Expense Management System V2.0"[217][219] - The company has a strong focus on logistics and supply chain management with "Oriental CJ Warehouse Management System V2.0" and "Oriental CJ Third-party Logistics Automatic Reconciliation Software V1.0"[220][211] - Recent developments include the "Oriental CJ New Middle Platform Fulfillment Platform Software V1.0" and "Oriental CJ New Middle Platform Settlement Platform Software V1.0," indicating ongoing innovation in platform solutions[232][233] Media and Content Management - The company has developed and authorized multiple software platforms for its new mid-end systems, including member center, quality control, warehouse distribution, and media platforms, all under the Shanghai Oriental CJ Commerce Co., Ltd.[234][235][236][237] - Shanghai Oriental Pearl Transmission Co., Ltd. has successfully authorized various broadcasting-related software systems, including wireless intelligent monitoring, audio program monitoring, and emergency simulation equipment for medium-wave transmission stations[240][242][258] - BesTV has launched and authorized several video-related software platforms, including AlphaTV TV application software v7.1, BesTV video playback software V2.1.4, and 4K cloud transcoding software V1.5[261][268][270] - The company has developed a comprehensive big data early warning analysis system and user order analysis platform under BesTV, enhancing its data-driven decision-making capabilities[265][267] - BesTV has introduced multiple smart TV-related software, including terminal security control, system configuration, and third-party payment proxy software, to improve user experience and platform functionality[286][287][289] - The company has developed and authorized a live broadcast management portal application and a live replay segmentation application, enhancing its live streaming and content management capabilities[281][283] - BesTV has launched a content delivery system based on domestic operating systems, supporting internet TV content distribution with version V2.0.2[293] - The company has developed a BI information management system under BesTV, version V1.0, to support data analysis and business intelligence[297] - BesTV has introduced a file delivery network software, version V2.3, to optimize content distribution and delivery efficiency[292] - The company has developed a developer self-service platform for the BesTV app store, version V1.0, to support third-party application integration and development[294] IPTV and Internet TV - Bestv has developed and authorized multiple software versions for IPTV and internet TV platforms, including the Bestv IPTV Media Asset Management System V4.0[303] and the Bestv Internet TV Terminal DTA Software V1.0[307] - The company has introduced new technologies such as the Bestv Artificial Intelligence Advertising Push Broadcast Control System Software V1.0[331] and the Bestv Fusion Media Industry Big Data Application Public Service Platform Software V1.0[332] - Bestv has expanded its software offerings with the Bestv Ultra-High Definition Media Asset Review Service Software V2.1.0[337] and the Bestv IPTV Search Engine System Software V1.0[339] - The company has launched 5G-related software, including the 5G Channel Digital Base Software V1.0[348] and the 5G Cloud TV TV End Software V1.0[349] - Bestv has also developed the Bestv Smart Recommendation Channel Software V1.0[347] and the Bestv User Center System Software V1.0[346] to enhance user experience and personalization Interactive Digital TV and NGB Networks - Oriental Cable has developed and authorized multiple software versions for interactive digital TV, including VOD (Video on Demand) and program guide management, with versions like V1.0 and V1.3.18[358][362][378] - The company has expanded its software portfolio to include cross-platform video communication applications for NGB (Next Generation Broadcasting) networks, such as V1.0 versions for Android and iOS systems[387][388][389][391] - Oriental Cable has introduced advanced systems for NGB networks, including a family smart gateway software (V1.0) and a cross-screen video communication terminal application (V1.0)[396][403] - The company has developed a comprehensive operation and maintenance support system for big data operations, version V1.0, in collaboration with Zhongying Youchuang Information Technology[406] - Oriental Cable has launched a unified configuration system for multimedia services (MCS V1.0) and a domain name resolution system (MEDS V1.0) in partnership with Shanghai Guoxiang Information Technology[408][409] - The company has introduced a digital TV community service and ordering software (V1.0) and a TV banking software (V1.0) to enhance user engagement and financial services[412][413] - Oriental Cable has developed a video communication software (V1.0) and a video-on-demand management software (V1.0) to improve user experience in interactive TV services[375][376] - The company has implemented a public information release system (V1.0) and an interactive TV billing software (V1.0) to streamline operations and customer interactions[381][382] - Oriental Cable has introduced a lottery account software (V1.0) and a payment gateway software (V1.0) for TV-based financial transactions[393][394] - The company has developed a program push software for interactive TV (V1.0) and a digital TV SMS billing software (V1.0) to enhance service delivery and customer communication[379][380] Smart TV and Community Applications - Dongfang Cable has developed and authorized multiple software applications for smart TV