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Public company info - China Digital Video Holdings Limited , 08280.HK

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China Digital Video Holdings Limited, 08280.HK - Company Profile
Chairman Zheng Fushuang
Share Issued (share) 630,000,000
Par Currency U.S. Dollar
Par Value 1.0E-5
Industry TV & Broadcasting
Corporate Profile Business Summary: The group is principally engaged in research, development and sales of video-related and broadcasting equipment and software and provision of related technical services (the “Business”) in the People’s Republic of China (the “PRC”). Performance for the year: The group recorded a revenue of RMB312.0 million for the 2020 Annual Period, representing an increase of 2.9% from RMB303.2 million for the 2019 Annual Period. The group recorded a loss of RMB69.1 million in the 2020 Annual Period as compared to a loss of RMB172.7 million in the 2019 Annual Period. Business Review The group is a leading digital video technology solution and service company in the TV broadcasting industry in China. The group provide a full range of solutions, services and products to TV broadcasters and other digital video content providers, to effectively assist and enhance digital video technology content in the upgrade and management works on the post-production segment, a critical part of the PRC TV broadcasting market. The group have been at the forefront of digital video technology innovation in China. The group’s emphasis on developing a demand-driven and highly responsive research and development is particularly critical for us because of the group’s focus on the solutions and services business, where the customers demand customized services. The group’s solutions, services and products businesses facilitate the processing, enhancement and management of digital video content at the post-production stage between the ingestion of raw content and the output of finished content. Prospects: The group have established business relationships with most of the central- and provincial-level TV stations in China and with some of the provincial-level TV broadcasters in China for over 24 years. The group have also served alternative broadcasting platforms, such as cable networks operators, Internet media content providers and IPTV operators. In view of the sustained losses of the Group, while the group will continue with the group’s existing principal business, the group will conduct a review of the group’s business activities for the purpose of formulating business plans and strategies for the group’s future business development. The group may explore other business opportunities and consider whether any asset disposal, asset acquisition, business rationalisation, business divestment, fund raising, restructuring of the existing business and/or business diversification will be appropriate in order to enhance the group’s long-term growth potential.

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