Share This

Public company info - Cathay Media and Education Group Inc. , 01981.HK

Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Cathay Media and Education Group Inc., 01981.HK - Company Profile
Chairman Pu Shulin
Share Issued (share) 1,660,000,000
Par Currency U.S. Dollar
Par Value 1.0E-5
Industry Movies & Entertainment
Corporate Profile Business Summary: The group is a media group, built on twin pillars of a leading TV/film production business and a higher education business focused on media and arts. Performance for the year: The group's total revenue was RMB556.9 million, RMB368.3 million and RMB747.2 million, and the group's profit was RMB180.6 million, RMB148.8 million and RMB194.5 million, for 2017, 2018 and 2019, respectively. Business Review The Group was one of the pioneers in the private TV program production industry in China. TV shows produced by us have enjoyed high popularity and viewership for more than two decades – all the group's productions during the Track Record Period were ranked no. 1 in viewer ratings in China when first aired. This popularity among viewers across China has translated into good reception of the group's productions by the group's customers, major TV stations and online video platforms – for the last ten TV series the group produced, all of their initial broadcasting rights were purchased even before the group completed the production. Within the Track Record Period, the gross margin for the group's TV/film production business was 47.2%, as compared to the industry average of 35.0%, according to Frost & Sullivan. The group also operate 南京傳媒學院 (Pinyin: Nanjing Chuanmei Xueyuan, formerly known as Communication University of China, Nanjing), which was ranked first in media and arts independent colleges in China in 2020, according to the Chinese Universities Alumni Association. With 12,697 students enrolled in majors related to media and arts in the school year 2018/2019, the group's University ranked second among all private higher educational institutions in terms of student enrollments in media and arts related majors in the school year 2018/2019 in China, according to Frost & Sullivan. For the school year 2019/2020, over 63,000 applicants competed for entrance to the group's University, with only 4.3% finally being admitted. The group's University was founded as a cooperation between Nanjing Meiya and CUC in 2004. In July 2019, Nanjing Meiya and CUCN entered into a termination agreement with CUC and made a one-off payment of RMB160 million to CUC. the group's University officially converted from an independent college to a private higher education institution under the new school name 南京 傳媒學院 (Pinyin: Nanjing Chuanmei Xueyuan) in March 2020, and obtained the updated Private School Operating License in May 2020. Student enrolment may be affected by the termination of the cooperation agreement with CUC and the resulting name change. See “Risk factors – Risks relating to the group's business and industries – the group's University recently terminated the cooperation agreement with CUC and renamed itself as 南京傳媒學院 (Pinyin: Nanjing Chuanmei Xueyuan). the group will face significant uncertainties on student enrollment and employment in connection with the termination of the cooperation with CUC” for details. The group seek to capitalize on the group's national reputation, deep insights into content creation and the entertainment industry, as well as rich resources in media and arts education to expand the group's business into new areas. For example, the group see high demand for quality training for young talent in the entertainment industry and launched the group's first Star Dream training program in August 2019 to capitalize on this market opportunity. Famous and experienced instructors attached by their previous cooperation with us and the group's reputation in the entertainment business work side-by-side with experts at the group's University to deliver tailored training programs for talented performers dreaming of stardom. This 16-day pilot program proved to be exceptionally popular. Within one month about 610 young actors applied in spite of a high training fee of RMB20,800, of which only 30 were admitted. Prospects: The group intend to maintain and strengthen the group's leading position in the TV series production industry and private media and arts university field, and at the same time expand the group's reach into areas like film production and talent agency to develop into a leading media group. To achieve this goal, the group plan to pursue the following strategies: • Continue to produce high quality content; •Expand the capacity of the group's University and optimize the group's pricing to improve profitability; • Explore new growth opportunities; • Continue to improve the education quality of the group's University; and • Selectively pursue strategic alliances, investments and acquisitions.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.