IMS(SH:600556) Guohai Securities·2024-04-28 00:00Company Performance and Financials - The company's stock performance over the past 1M, 3M, and 12M periods was -10.9%, -12.9%, and -40.7% respectively [1] - In 2023, the company reported revenue of 4.2 billion CNY (YOY +1.77%), net profit attributable to the parent company of 93 million CNY (YOY -48.43%), and non-GAAP net profit of 74 million CNY (YOY -28.96%) [1] - The gross margin in 2023 was 18.02%, down from 21.75% in 2022, mainly due to increased media procurement costs [1] - The company's operating cash flow in 2023 was 299 million CNY (YOY +52.6%), with cash on hand of 2.3 billion CNY (YOY +24.8%) [1] - The company's WEIQ platform revenue in 2023 was 4.1 billion CNY (YOY +3.67%), accounting for 97.59% of total revenue [17] Business Operations and Growth - The company's WEIQ platform had 199,800 registered merchant clients by the end of 2023 (YOY +5%) [6] - The platform had 2.935 million registered influencer accounts by the end of 2023 (YOY +23.7%), including 1.469 million professional influencer accounts (YOY +41.5%) [17] - The company's innovative businesses, including AI, Hong Universe, and digital assets, have begun to take shape [3] - The company launched an AI creation tool called "Inspiration Island" in 2023, which has supported the creation of nearly 10 million pieces of content [26] - The 3D virtual life community "Hong Universe" achieved commercial breakthroughs and established new revenue growth points [26] Dividend and Shareholder Returns - The company proposed a cash dividend of 0.155 CNY per 10 shares for 2023, totaling 28.02 million CNY, with a dividend payout ratio of 30.20% [12] Market Data and Valuation - The company's current stock price is 4.51 CNY, with a 52-week price range of 3.63-9.66 CNY [1] - The company's total market capitalization is 8,152.94 million CNY, with a fully diluted market capitalization of 8,152.94 million CNY [1] - The company's average daily trading volume is 140.09 million CNY [7]