Gelonghui, March 22丨Beiqing Media (01000.HK) announced that in 2023, the Group's total revenue was RMB 200 million, up 26.76% year on year. In 2023, the Group's net loss attributable to the company's shareholders was RMB 15.32 million, and the net loss decreased by 34.81%. Earnings per share in 2023 were negative RMB 0.08, and earnings per share in 2022 were negative RMB 0.12. The Board does not recommend payment of a 2023 final dividend.
The Group has three main businesses: (1) advertising business, which is integrated media advertising sales, event planning and provision of comprehensive services; (2) printing, whose turnover includes printing revenue from printed publications arranged by Beiqing Logistics; and (3) printing-related materials trade. This business is the supply and trading of materials (including) newsprint, inks, lubricants, films, pre-coated photosensitive plates and blankets to customers including commercial printers.
In 2023, China's economy is in a recovery period after the epidemic. Long-term fundamentals are stable and improving, and the driving effect of domestic demand continues to increase. Looking at the market, advertisers' consumer demand is also gradually being released. With the development of technology bringing about new changes in the industry, opportunities and challenges coexist for the recovery of the advertising industry. Facing market changes and challenges, the Group adheres to the strategic position of “steady growth, restructuring, loss correction, and quality improvement”, actively promotes business transformation, and improves the business ecosystem through resource integration and industrial collaboration.