Hunan TV & Broadcast intermediary sees investee company list, expects Q3 profit boost

Hunan TV & Broadcast Intermediary Co., Ltd. announced that its investee company, Guangzhou Ruili Kaimi Automotive Electronics Co., Ltd., successfully listed on the main board of the Shenzhen Stock Exchange on September 30, 2025. Hunan TV's wholly-owned subsidiary, Shenzhen Dacheng Venture Capital Co., Ltd., has an investment in Ruili Kaimi, whose stock code is 001285 and offering price was 42.28 yuan/share.

Through Dacheng Venture Capital, Hunan TV holds 4.1288 million shares of Ruili Kaimi, representing 3.0553% of its total share capital before the initial public offering and 2.2915% after the offering. The lock-up period for these shares is 12 months from Ruili Kaimi's listing. The company classifies these shares as "financial assets measured at fair value with changes recognized in profit or loss" and reports them as "trading financial assets."

The listing of Ruili Kaimi is projected to impact Hunan TV's Q3 2025 net profit by 11,081.64 million yuan, approximately 115.51% of its audited net profit attributable to parent company in 2024. The impact on the company's performance in 2025 and beyond remains uncertain due to stock market price fluctuations.