IPTV integrated broadcasting and control platform media Wireless Media plans to issue 40.01 million shares for the first time
1min read Wireless Media (301551.SZ) released the prospectus for the initial public offering of shares and listing on the Growth Enterprise Market, with 40.01 million shares to be issued for the first time, accounting for 10% of the total shares after issuance. The preliminary inquiry date is September 9, 2024, and the subscription date is September 13, 2024.
The Company's main business is IPTV integrated broadcasting and control services. With the authorization of the Hebei Radio and Television Bureau and Hebei Radio and Television, Wireless Media is the only operator of the Hebei IPTV integrated broadcasting and control platform to carry out new media business such as IPTV integrated broadcasting and control services in Hebei.
IPTV is a new media of radio and television under the policy of three-network integration, which is jointly provided by broadcasting and television broadcasting institutions and telecommunications operators for terminal users. Among them, broadcasting and television broadcasting institutions are responsible for the construction of IPTV integrated broadcasting and control platforms, which are responsible for the integration and broadcasting control of program signals, and telecommunications operators are responsible for the construction of IPTV transmission networks and the transmission of program signals to terminal users. According to relevant policies of the National Radio and Television Administration, the IPTV integrated broadcasting and control platform adopts a total and divided architecture, with the national total platform built by the China National Radio and Television Administration and the provincial platforms built by each provincial television station.
The Company achieved a net profit attributable to its parent after deducting non-current loss and profit of RMB356 million, RMB291 million and RMB284 million in 2021, 2022 and 2023 respectively.
The Company plans to invest the proceeds from the issuance of the following projects: 1) Systematic Upgrade of Hebei IPTV Integrated Broadcasting and Control Platform, with an investment of RMB212 million; 2) Content Copyright Acquisition Project, with an investment of RMB396 million; 3) Smart Supermedia Business Cloud Platform Project, with an investment of RMB542 million.