- Business
- Guangdong South New Media Co., Ltd. (300770.SZ) is a China-based company principally engaged in new media business, primarily providing Internet Protocol Television (IPTV) and Internet TV services; cable TV network value-added services; province-outside private network audio-visual program integrated services; program event technical services; subway TV technology services; and mobile channel technology services. The company offers core products including IPTV basic business, the “Cloud Audiovisual” series, audiovisual value-added services, comprehensive content services encompassing video, music, education, games, and lifestyle around smart family scenarios, value-added application services, algorithm advertising, and e-commerce to over 270 million users nationwide. Founded in 2010 and headquartered in Guangzhou, Guangdong province, it operates predominantly within the domestic Chinese market in the information dissemination industry, with segments in IPTV basic business, Internet audiovisual business, content copyright business, and commercial operation business; it employs around 406-413 people and is affiliated with Guangdong Broadcasting and Television resources. Recent developments include ongoing tranches of an equity buyback plan initiated in October 2024 and updated through January 2025, reflecting efforts to optimize capital structure amid stable revenue growth to CNY 1.52 billion in 2023 primarily from China-based operations.