Wasu Media(000156)2024-07-18 09:25Company Overview - Huashu Media is a leading operator in interactive TV, mobile TV, and internet TV, serving over 30 provinces and cities in China 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 five consecutive years [2]. Financial Performance - In 2023, Huashu Media achieved a revenue of CNY 9.707 billion and a net profit of CNY 689 million, with total assets of CNY 29.3 billion and net assets of CNY 14.8 billion [2]. - The company plans to distribute a cash dividend of CNY 408 million to shareholders, bringing the total dividends distributed since listing to CNY 3.257 billion [2]. Revenue Breakdown - The revenue structure for 2023 is as follows: - Smart Home: CNY 3.642 billion (37.5%) - Technology: CNY 3.447 billion (35.5%) - New Media: CNY 2.7 billion (27%) [2]. Internal Control and ESG - The company has been recognized as one of the "Top 30 Internal Control Companies" in Zhejiang for five consecutive years, emphasizing its commitment to internal control [3]. - Huashu Media has published its 2023 ESG report and is included in the Shenzhen ESG Leading Index, focusing on sustainable development [3]. Future Plans - The company aims to focus on reform and innovation, emphasizing the theme "Winning in the Transition Period, Laying the Foundation for Twenty Years" [3]. - Plans include advancing integration across five major areas: system, technology, media, culture, and solid-mobile [3]. Dividend Distribution - The company will distribute CNY 2.2 per 10 shares (before tax) to shareholders, totaling approximately CNY 408 million, to be completed within two months post-approval at the annual shareholders' meeting [3]. Industry Policy Context - The company is aligned with national digital development goals, aiming for significant progress by 2025 and achieving a leading global position by 2035 [4]. - In the broadcasting industry, the company will enhance content supply and accelerate the development of ultra-high-definition broadcasting networks [4].