Company Overview - Huashu Media is a leading operator of interactive TV, mobile TV, and internet TV in China, serving over 30 provinces and cities with a user base exceeding one hundred million [2] - The company is controlled by the state-owned Huashu Group and has been recognized as one of the "Top 30 Cultural Enterprises in China" for six consecutive years [2] Financial Performance - In 2024, the company achieved a revenue of CNY 9.395 billion, with a net profit of CNY 534 million, and total assets of CNY 29 billion [2] - The proposed dividend for shareholders is CNY 334 million, bringing the total dividends distributed since listing to CNY 3.59 billion [2] - For the first half of 2025, the company reported a revenue of CNY 4.435 billion, a year-on-year increase of 2.07%, and a net profit of CNY 254 million, up 4.63% [4] Business Segments - The company's revenue is divided into three main segments: - Smart Home: CNY 3.503 billion (37.29%) - Technology: CNY 3.562 billion (37.92%) - New Media: CNY 2.329 billion (24.79%) [2] Internal Control and ESG - The company has been recognized as one of the top 30 listed companies in Zhejiang for internal control for six consecutive years [3] - Huashu Media has published its 2024 ESG report, focusing on sustainable development and has been included in the Shenzhen ESG Leading Index [3] Strategic Vision - The company aims to be a "leading digital society enabler" with a focus on stable operational performance and maintaining its leading position in the broadcasting industry [3] - The development strategy includes "new layout, stable benefits, optimized structure, and improved efficiency" to seek new opportunities amid changes [3] Product Innovations - The "Poetic Zhejiang Cultural Tourism Card" was launched at a price of CNY 199, offering access to over 120 scenic spots and various benefits valued at over CNY 12,000 [5] - The card has sold over 300,000 units, with ongoing improvements in user experience and technology [5] 5G and Advertising Revenue - The company has over 2.4 million users in its 5G broadcasting business, enhancing its smart home product offerings [6] - Advertising revenue is generated through a diverse media matrix, including interactive TV and outdoor screens, and collaborations for city marketing [6] Artificial Intelligence Initiatives - Huashu Media is focusing on AI applications in various sectors, including government services, content production, and smart home services [6] - The establishment of a joint AI laboratory with Zhejiang University aims to explore cultural and technological integration [6]

Company Overview - Huashu Media is a leading digital content operator in China, providing interactive TV, mobile TV, and internet TV services, covering 30 provinces and cities with over 100 cable networks and millions of internet TV users [2][3] - The company is controlled by the state-owned Huashu Group and has been recognized as one of the "Top 30 Cultural Enterprises in China" for five consecutive years [2] Financial Performance - In 2024, the company achieved a revenue of CNY 9.395 billion and a net profit of CNY 534 million, with total assets of CNY 29 billion and net assets of CNY 14.9 billion [2][3] - The proposed dividend for 2024 is CNY 334 million, representing 62.46% of the net profit attributable to shareholders, with a dividend yield of 2.34% [9] Business Segments - The company operates in three main business segments: - Smart Home: Revenue of CNY 3.503 billion, accounting for 37.29% of total revenue [4] - Technology: Revenue of CNY 3.562 billion, accounting for 37.92% of total revenue [4] - New Media: Revenue of CNY 2.329 billion, accounting for 24.79% of total revenue [4] Internal Control and ESG - The company has been recognized as one of the top 30 listed companies in Zhejiang for internal control for six consecutive years [3] - Huashu Media has published its 2024 ESG report, focusing on sustainable development and has been included in the Shenzhen ESG Leading Index [3] Strategic Vision - The company aims to be a "leading digital society enabler" with a focus on stable operational performance and maintaining its leading position in the broadcasting industry [3] - The development strategy includes "new layout, stable benefits, optimized structure, and improved efficiency" to explore new business models and enhance management effectiveness [3] Content and Technology Development - The company has a digital content library with over one million hours of media resources, covering various genres [7] - In the AI sector, Huashu Media is developing platforms for content creation and enterprise efficiency, including applications for smart services and digital assistants [8] Licensing and Regulatory Compliance - Huashu Media is the first listed company in China to hold full licenses for both cable network and new media operations, ensuring compliance and competitive advantage in the industry [6]

Company Overview - Huashu Media is a leading digital content operator in China, providing interactive TV, mobile TV, and internet TV services, covering over 30 provinces and cities with a user base exceeding 100 million [2][3] - The company is controlled by Huashu Group, a state-owned enterprise, and has been recognized as one of the "Top 30 Cultural Enterprises in China" for five consecutive years [3] Financial Performance - In 2024, the company achieved a revenue of CNY 9.395 billion and a net profit of CNY 534 million, with total assets of CNY 29 billion and net assets of CNY 14.9 billion [3] - Proposed dividend for the year is CNY 334 million, with cumulative dividends since listing reaching CNY 3.59 billion [3] - Revenue breakdown for 2024: - Smart Home: CNY 3.503 billion (37.29%) - Technology: CNY 3.562 billion (37.92%) - New Media: CNY 2.329 billion (24.79%) [3][5] Business Segments Smart Home - Focus on enhancing broadband quality and expanding user base, with a net increase of nearly 200,000 broadband users annually [5] - Over 2.4 million users in integrated 5G services [5] Technology - Revenue growth of 3.35% with project bids totaling CNY 3.38 billion, including 777 projects over CNY 1 million [6] - Key sectors include emergency response, security, and education [6] New Media - Services include interactive TV, IPTV, and outdoor screens, with over 300,000 sales of the "Poetry and Painting Zhejiang Cultural Tourism Card" [6] Strategic Vision - The company aims to be a "leading digital social enabler" with a focus on stable performance and maintaining leadership in the broadcasting industry [4][12] - Development strategy includes "new layout, stable benefits, optimized structure, and improved efficiency" [4][12] Future Outlook - 2025 revenue forecast is CNY 9.3 billion, with a net profit of CNY 525 million [11] - The company plans to implement an action plan focusing on innovation, operational stability, and exploring new business models [12] ESG and Internal Control - Recognized as one of the top 30 companies for internal control in Zhejiang for six consecutive years [3] - Committed to sustainable development, as reflected in the 2024 ESG report [3]

Financial Performance - In 2024, the company achieved a revenue of CNY 9.395 billion, with a net profit of CNY 534 million [2][3] - Total assets at the end of the period were CNY 29 billion, with net assets of CNY 14.9 billion and net cash exceeding CNY 7.5 billion [2][3] - The company plans to distribute a cash dividend of CNY 1.8 per 10 shares, totaling approximately CNY 334 million, with cumulative dividends since listing reaching CNY 3.59 billion [3][6] Business Segments - The company operates in three main business segments: Smart Home, Technology, and New Media [4][5] - Smart Home segment generated CNY 3.503 billion, accounting for 37.29% of total revenue [5][11] - Technology segment (Smart City Digitalization) revenue was CNY 3.562 billion, representing 37.92% [5][11] - New Media segment revenue reached CNY 2.329 billion, making up 24.79% [5][11] Future Outlook - The company aims for a revenue target of CNY 9.3 billion and a net profit of CNY 525 million for 2025 [6][11] - Strategic vision includes becoming a "leading digital society enabler" and maintaining a leading position in the broadcasting industry [4][11] - Focus on innovation and optimizing revenue structure while exploring new business models and scenarios [4][12] Market and Competitive Strategy - The company plans to enhance its market competitiveness through increased investment in marketing and technology [7][9] - Sales expenses increased by 11.16% in 2024, primarily due to market competition and internal restructuring [8][9] - The company has a comprehensive plan for value management and aims to maintain a consistent cash dividend level to reward investors [7][11] R&D and Innovation - R&D investment in 2024 was CNY 645 million, a 7.31% increase year-on-year, focusing on AI and smart broadcasting technologies [8][12] - The company introduced the "Linghong" large model application development platform, targeting various sectors including public services and tourism [10][12] Regional Performance - In 2024, revenue from Zhejiang province accounted for 80.02% of total revenue, amounting to CNY 7.518 billion [11][12] - The company has successfully integrated its services with over 240 million users in the broadband and 5G sectors [10][12] New Initiatives - The "Poetry and Painting Zhejiang·Cultural Tourism Benefit Card" was launched, priced at CNY 199, offering access to over 120 scenic spots [14][15] - The card has sold over 300,000 units, enhancing user experience through AI-driven services [15]

Company Overview - Huashu Media is a leading digital content operator in interactive TV, mobile TV, and internet TV, serving over 30 provinces and cities in China with a user base exceeding one billion [2] - The company reported a revenue of CNY 9.395 billion and a net profit of CNY 534 million for the fiscal year 2024, with total assets of CNY 29 billion and net assets of CNY 14.9 billion [2] Revenue Structure - The revenue is balanced across three main sectors: - Smart Home: CNY 3.503 billion, accounting for 37.29% - Technology (Smart City Digitalization): CNY 3.562 billion, accounting for 37.92% - New Media: CNY 2.329 billion, accounting for 24.79% [3][5] Performance Metrics - In Q1 2025, the company achieved a revenue of CNY 2.119 billion, a year-on-year increase of 3.62%, and a net profit of CNY 131 million, up 17.16% [4] Strategic Vision - The company aims to be a "leading digital social enabler" with a focus on steady operational performance and maintaining a leading position in the broadcasting industry [3] - Development strategies include "new layout, stable benefits, optimized structure, and improved efficiency" [3] ESG and Internal Control - Huashu Media has been recognized for six consecutive years as one of the top 30 listed companies in Zhejiang for internal control [3] - The company has published its 2024 Environmental, Social, and Governance (ESG) report, emphasizing harmonious development with employees, society, and the environment [3] Future Industry Layout - The company plans to continue developing its three main business sectors while exploring new business models and opportunities in low-altitude economy and smart governance [5] AI and Technology Integration - Huashu Media is enhancing content investment and production, integrating AI technologies to innovate content creation and expand distribution channels [6][9] - The company has developed several AI-driven platforms, including "Linghong" for model applications and "AIGC" for content creation [9] Cloud Computing and Infrastructure - The company has invested over CNY 200 million in cloud computing centers, providing services with a capacity of 3.6 million CPU cores and 3.8 PB of storage [10] - Plans for a new smart computing industrial park in Quzhou with an investment of CNY 500 million are underway [10] Cultural and Tourism Integration - The "Poetic Zhejiang Cultural Tourism Card" was launched at a price of CNY 199, offering access to over 120 scenic spots, with nearly 90% being 5A and 4A rated [8] - The card has sold over 300,000 units, providing various benefits valued at over CNY 10,000 [8]

Company Overview - Huashu Media is a leading digital content operator in China, providing interactive TV, mobile TV, and internet TV services, covering 30 provinces and cities with over 100 cable networks and millions of internet TV users [2][3] - The company is controlled by the state-owned Huashu Group and has been recognized as one of the "Top 30 Cultural Enterprises in China" for five consecutive years [2] Financial Performance - In 2024, the company achieved a revenue of CNY 9.395 billion, with a net profit of CNY 534 million, total assets of CNY 29 billion, and net assets of CNY 14.9 billion [2] - The company plans to distribute CNY 334 million in dividends to shareholders, with a cumulative dividend payout of CNY 3.59 billion since its listing [2] - For Q1 2025, the company reported a revenue of CNY 2.119 billion, a year-on-year increase of 3.62%, and a net profit of CNY 131 million, up 17.16% year-on-year [4] Business Segments - The company's revenue structure is balanced across three main segments: - Smart Home: CNY 3.503 billion (37.29%) - Technology: CNY 3.562 billion (37.92%) - New Media: CNY 2.329 billion (24.79%) [2][3] Strategic Goals - The company aims to be a "leading digital society enabler" with a focus on stable operational performance and maintaining its leading position in the broadcasting industry [3] - The development strategy includes "new layout, stable benefits, optimized structure, and improved efficiency" to seek new opportunities amid changes [3] ESG and Internal Control - The company has been recognized as one of the top 30 listed companies in Zhejiang for internal control for six consecutive years [3] - It has published its 2024 Environmental, Social, and Governance (ESG) report, aiming for harmonious development with employees, society, and the environment [3] Product Innovations - The "Poetry and Painting Zhejiang Cultural Tourism Card" was launched at a price of CNY 199, offering access to over 120 scenic spots and various benefits valued over CNY 10,000 [5] - The card has sold over 300,000 units, with ongoing focus on user experience and technological upgrades [5] AI and Low-altitude Economy - The company is developing AI applications in various sectors, including government services, content production, and smart home services [6] - In the low-altitude economy, the company is enhancing network capabilities and exploring opportunities in urban governance and emergency safety [6] 5G Business Development - The company has over 2.4 million users in its integrated broadcasting 5G services and is enhancing its smart home product offerings [6]