Letter to Shareholders
Dear Investors,
In this new era of digital integration and industrial renewal, I would like to express my sincere gratitude and high respect to all shareholders who have steadfastly supported and trusted the company over the years. At this moment, I would like to reflect on the efforts and achievements of 2025 and discuss the strategic blueprint and direction for the future development of the enterprise.
In the past year, we have deeply understood and internalized the national strategic deployment regarding the cultivation and expansion of new cultural industries and the acceleration of new productive forces. We have always adhered to the mission of acting without delay and the courage to take the lead, focusing on the strategic goal of building a "leading platform for new audio-visual content on the Internet." We have vigorously implemented the "2426" strategic deployment and actively engaged in the wave of building a culturally strong nation and a digital China.
In 2025, the company achieved a dual increase in operational performance and quality, with a more solid foundation for core businesses and initial results from new business layouts. The company realized an operating income of 1,626,168,006.66 yuan and a net profit attributable to shareholders of the listed company, after deducting non-recurring gains and losses, of 661,623,502.35 yuan. We insist on sharing the results and giving back to our shareholders. The board recommends a cash dividend of 7 yuan (including tax) for every 10 shares at the end of the year, in addition to the mid-year dividend and the dividends from the first three quarters, totaling 638 million yuan in cash distributed throughout the year, allowing shareholders to truly share in the company's growth.
2025 marks the concluding year of the "14th Five-Year Plan" and a key year for the deepening and implementation of the company's "2426" strategic deployment. We actively promote the quality upgrade of major businesses, accelerate the cultivation of new businesses, new scenarios, and new driving forces. We stimulate innovation vitality, with core businesses and emerging engines advancing in synergy.
In 2025, the company's core business user base remained stable. The IPTV business continued to refine and optimize, with the value-added business structure continuously improving and user experience further enhanced. The Internet television business deepened its refined operations, achieving a new high in the number of effective smart terminals, further solidifying its national industry benchmark position. At the same time, our content copyright business has a clear development direction, with significant increases in investment scale and the number of online content, continuously enriching content coverage dimensions, becoming one of the most important growth engines for the company in the future.
We strengthen technological empowerment, coordinating safety and development. We understand that the core of developing new productive forces lies in technological innovation. The company vigorously promotes the All-in-AI strategy, designing a large model base, obtaining three AI certifications, and becoming the first national AI service-certified broadcasting control platform. With our intelligent operation and maintenance platform, we achieved excellent ratings in the highest-level national cybersecurity defense drills.
In 2025, we added a total of 21 new achievements in scientific research and development, including 5 new patent applications, 2 patent authorizations, 1 software copyright, 7 international and domestic standards, and 8 science and technology awards. We focus on social benefits, deeply integrating value leadership and industrial responsibility. The company has made continuous progress in operational management, content production, and technological innovation, winning 4 national honors, including excellent network audio-visual works from the State Administration of Radio and Television and first prize in the fourth high-tech video innovation application competition. We also received 12 industry and regional honors, including the Golden Bull Award for listed companies and the annual AI Golden Peak Award from China National Radio Finance.