Wasu Media(SZ:000156)2025-05-15 09:30Company 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]