Guangdong South New Media Co., Ltd.
新媒股份
300770
Shenzhen Stock Exchange
Company Profile
1. Unique geographical advantage The Company is located in Guangdong Province, a highly developed region with the highest GDP in China. (1) Guangdong has a large population, and a huge online audio and visual market. (2) It also boasts a high education level and profound cultural background. 2. Advanced omni-media cloud platform and technologies The omni-media cloud platform adopts the advanced architecture of “unified broadcast control, unified data, and domain-specific operation” to support the development of Company's IPTV Basic Services, Internet Media Services, Content & Copyright Business, and Commercial Services. The platform facilitates integration, operation, data collection and analysis, as well as product support. 3. Large scale of audio-visual users As of the end of December 2024, the Company's Basic IPTV Service covers 20.57 million effective household users; the "Cloud Audiovisual" series of apps cover over 230 million effective household users nationwide. 4. A reliable, professional and stable core team The Company has recruited professional talents through the market, and has formed a mature and stable management team, a high-quality technical team and a professional operations team. As of the end of December 2024, 92.74% of the employees hold bachelor’s degrees or above; 14.29% of the employees hold master’s degrees or above.
Full description
The main business of Guangdong South New Media Co., Ltd. (“The Company”）includes IPTV (Internet Protocol Television) Basic Service, Internet Media Service, Content & Copyright Business and Commercial Services. The Company’s goal is to create a nationwide leading Internet audiovisual platform, centering on the "smart home" scene, and providing users with various content and services including video, music, education, games, and life style, etc. The Company’s business covers mainstream media channels such as IPTV, OTT TV and Cable TV, etc. 1. IPTV Basic Service Based on the authorization of Guangdong IPTV integrated broadcast and control service license, the Company, the exclusive IPTV integrated broadcast and control sub-platform operator, offers high-quality video content to household users in Guangdong Province through the virtual private network of telecom carriers. The IPTV Basic Service covers the private network of three telecom carriers such as China Telecommunications Corporation (Guangdong Branch), China Mobile Ltd. (Guangdong Branch) and China United Network Communications Group Co., Ltd. (Guangdong Branch). Three telecom carriers are responsible for collecting the user fees as revenue, then paying the Company its shares of revenue. 2. Internet Media Service Internet Media Service includes IPTV value-added services and OTT TV services. Aligning with the IPTV Basic Services, the Company’s IPTV value-added services is to provide Guangdong household users with value-added audiovisual services. For these services, the three telecom carriers charges users for value-added services subscription fees, and then pays the Company its shares of revenue. The Company operates the OTT TV services based on the Internet TV integration services license and content services license. As one of the seven OTT integration services platform operators and one of the sixteen OTT content services platform operators, the Company provides video content and integrated services to users of large-screen devices. The OTT TV services include OTT application business and co-operating services business. As to OTT application business, the Company has launched the "Cloud Audiovisual" series of large-screen apps for users across the country. As the operator of the content service, the Company leverages its internet video content advantages and technical advantages. The business income sources from user fees and advertising sharing income. As to the OTT co-operating services business, as an integration services operator, the Company provides services and technical support for smart TVs, set-top boxes and other smart devices. The "Cloud Audiovisual" series apps are pre-installed in these smart devices. The business income sources from service fees. 3. Content & Copyright Business The Content & Copyright Business, relying on the Company's content copyright resources and operating experience, provides content and value-added application services to IPTV users outside Guangdong and national Cable TV users. The Content & Copyright Business also include content creation and copyright distribution service. The business income sources mainly from fees paid by business partners and users. 4. Commercial Services The Commercial Services include algorithmic advertising, e-commerce and other non-audiovisual value-added services. Leveraging the Company’s experience in big data analytics and membership management, the Company delivers targeted advertisements and value-added services to target users. The business income is derived from users’ payments and advertisement revenue.