Wasu Media(SZ:000156)2024-05-14 10:32Financial Performance - In 2023, the company achieved a revenue of CNY 9.707 billion, a year-on-year increase of 3.42% [8] - The net profit attributable to shareholders was CNY 689 million, representing a year-on-year decrease of 13.07% [3][8] - Total assets at the end of 2023 reached CNY 29.3 billion, with net assets of CNY 14.8 billion and net cash exceeding CNY 7 billion [1] Business Segments - The company operates in three main sectors: Smart Home, Technology, and New Media, with balanced revenue contributions: - Smart Home: CNY 3.642 billion (37.5%) - Technology: CNY 3.447 billion (35.5%) - New Media: CNY 2.618 billion (27%) [2] Dividends and Shareholder Returns - The board approved a dividend plan of CNY 2.2 per 10 shares (including tax), totaling approximately CNY 408 million, bringing cumulative dividends since listing to CNY 3.257 billion [2] 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" for its 2024 operational strategy [2][5] - Plans include enhancing capabilities in five areas: integration of systems, technology, media, culture, and public services [5] Investment and R&D - In 2023, the company reported an investment income of CNY 118 million, a year-on-year increase of 54.61% [3] - R&D expenses have significantly increased, with over CNY 1 billion invested in the last three years, focusing on new media, smart city digitalization, and smart home innovations [6][9] Cash Flow and Financial Management - The net cash flow from operating activities for 2023 was CNY 1.966 billion, a 27.97% increase from the previous year [7] - Management expenses and financial costs remained stable at CNY 788.23 million [5] Market Position and Competitive Landscape - The company is a leading player in the smart broadcasting sector, with over 1.4 million users in its 5G services [9] - It has secured 658 major digitalization projects, totaling CNY 2.98 billion, reflecting a 12% year-on-year growth [8][9]