Wasu Media(SZ:000156)2023-04-28 16:00Financial Performance - The company reported a cash dividend of 2.2 yuan per 10 shares (including tax) based on 1,852,932,442 shares, with no bonus shares issued[5]. - The total revenue for 2022 reached ¥9,386,052,597.70, representing a year-on-year increase of 10.64% from ¥8,483,660,931.32 in 2021[77]. - The digital television revenue was ¥1,426,365,288.61, showing a decline of 10.05% compared to the previous year[66]. - The broadband and data communication business revenue was ¥1,385,323,228.74, with a growth of 5.68% year-on-year[66]. - The revenue from group customer integration projects increased by 25.39% to ¥2,641,132,533.41[66]. - Internet television business revenue reached ¥1,768,223,388.78, reflecting a year-on-year growth of 13.19%[66]. - The company's direct sales model generated ¥7,473,380,993.58, with a gross margin of 29.60%[66]. - The revenue from the Zhejiang region was ¥7,261,304,132.91, with a year-on-year increase of 9.33%[66]. - Total revenue for the company reached approximately RMB 3.23 billion, with a net profit of RMB 544.19 million for the reporting period[127]. - The company reported total assets of RMB 13.84 billion and net assets of RMB 7.57 billion[127]. User Metrics and Market Trends - The actual number of cable TV users in China decreased by 0.02 million to 199 million, while the number of digital cable TV users fell by 0.05 million to 190 million[25]. - The new media industry continues to grow rapidly, with internet video users reaching 1.031 billion, an increase of 55.86 million from the previous year[46]. - As of the end of 2022, the actual number of cable television users in China was 199 million, indicating a continuous decline in market share due to the rise of smart TVs and IPTV services[155]. - As of the end of 2022, China Broadcasting had over 5.9 million 5G users, showing a rapid growth trend in user acquisition[142]. Strategic Initiatives and Business Development - The company is actively implementing strategies such as product optimization and service enhancement to improve user retention, including initiatives like the "Golden Casting Plan" and "New Market Combat Actions"[17]. - The company aims to expand its smart city digital business, focusing on government and enterprise clients, with services including digital governance and smart community projects[28]. - The company has shifted its fundraising project focus from "Huasu TV" to "Smart Broadcasting Integration Business Construction," which may impact expected returns if not executed effectively[3]. - The company is focusing on expanding its 5G capabilities across 247 service centers, improving user engagement by 70%[70]. - The company is committed to participating in the construction of a digital China, aligning with national development goals[143]. - The company is focusing on market expansion and technological integration in the broadcasting and television service sector[135]. Revenue and Investment Insights - Research and development expenses increased by 36.16% to ¥506,005,199.84, up from ¥371,631,175.36 in 2021, due to an increase in R&D projects and personnel[84]. - The company reported a financial expense reduction of 26.08%, with financial expenses at -¥107,578,502.49 compared to -¥145,541,060.48 in 2021[84]. - The company reported a significant increase in investment, with a total investment amount of ¥146,640,000, representing a 354.84% increase compared to the previous year's ¥32,240,000[116]. - The cumulative amount of raised funds used is ¥514,978.92 million, with ¥192,701.52 million remaining unused[112]. Operational Efficiency and Management - The company has established a digital management cockpit to enhance operational efficiency and promote digital transformation[74]. - The company is implementing a flat management system to improve operational efficiency and customer-centric business architecture[163]. - The company is focusing on building a unified standard across its operations to achieve cost reduction and efficiency improvement[163]. - The company has established a systematic training framework to enhance employee skills and knowledge transfer[175]. - The company has conducted nine board meetings during the reporting period to ensure effective governance and decision-making[181]. Challenges and Risks - The company is facing risks from intensified industry competition, which could lead to user attrition[2]. - The company emphasizes the importance of secure transmission in its operations, as any disruptions could affect brand image and user acquisition[18]. - The company has not reported any dismissals or resignations of directors or senior management during the reporting period[199]. - There are no mentions of any significant challenges or risks faced by the company in the current environment[200].