That IS right, but the opening theme was used for the film. The logos that appeared first were switched around and there were no white "production" and "present" text appearing (The music is identical to the opening of the 1956 version of Paramount's "The Ten Commandments").
It stands for China Teleplay Production Center, a division of CCTV (China Central Television). There are different variations of 'T' such as Television or TV Drama.
9:12 is the ident of Yuk Long Movies (HK) Co Ltd, which produced "The Dragon and Tiger Kids" (1979), an adaptation of the comic strip "Dragon Tiger Gate" written by HK manga-king Tony Wong Yuk-long, also the owner of Yuk Long Movies.
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