Wasu Media(SZ:000156)2023-05-12 12:16Financial Performance - In 2022, the company achieved a revenue of CNY 9.386 billion, with a net profit of CNY 793 million, and total assets of CNY 27.1 billion [1] - The company’s net assets stood at CNY 14.5 billion, marking a historical high in both revenue and asset scale [1] - The company has consistently maintained a cash dividend level, proposing a cash dividend of CNY 2.2 per 10 shares, totaling approximately CNY 408 million for 2022 [2] Revenue Structure - The revenue from the smart home business was CNY 3.528 billion, accounting for 38% of total revenue [2] - The smart city digitalization business generated CNY 3.195 billion, representing 34% of total revenue, with a year-on-year growth of 21.37% [2] - The national new media business earned CNY 2.663 billion, making up 28% of total revenue, with a year-on-year growth of 14.57% [2] Strategic Development - The company aims to enhance its core competitiveness and promote long-term development by focusing on digital transformation and innovation [2] - Future plans include expanding the smart home business, enhancing local content, and promoting 5G integration [3] - The company is committed to building a digital society and aims to become a leading digital service provider and smart broadcasting operator [6] Market Expansion - The company plans to expand its smart city and new media businesses nationwide, leveraging its existing platforms and services [4] - In 2022, the company secured 515 projects worth over CNY 1 million each, totaling CNY 2.666 billion, with a year-on-year growth of 42% [6] - The company has over 500,000 users for its 5G services in Zhejiang Province, indicating a strong market presence [4] Research and Development - In 2022, the company invested CNY 506 million in R&D, reflecting a year-on-year increase of 36.16% [4] - The focus of R&D includes enhancing data platform connectivity and service integration across various sectors [6] Community Engagement - The company actively participates in community projects, including the Asian Games, ensuring high-quality service and support [5] - It aims to enhance user experience through advanced technologies such as 5G, VR, and 4K/8K video applications during major events [5]