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    Consumer services

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    Cable/Satellite TV
Wasu Media Holding Co., Ltd. Class A

Wasu Media Holding Co., Ltd. Class A

SSZSE:000156
7.71
CNY
+0.70
(+9.99%)
0.25EPS
25.92P/E
11.69BMarket Cap
Wasu Media Holding Co., Ltd. Class A
SZSE:000156
(Shenzhen Stock Exchange)

Recent

price

7.71

P/E

ratio

25.92

div

yld

0.25%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
CNY
7.34
1.63
1.49
1.63
2.07
2.14
2.15
2.25
2.4
4.65
5.03
4.58
5.09
5.21
5.1
4.92
5.03
Revenue per Share
1.55
0.15
0.17
0.23
0.33
0.4
0.42
0.45
0.45
0.52
0.56
0.49
0.43
0.37
0.29
0.25
0.24
Basic EPS, GAAP
-0.03
-0.01
0.14
0.37
0.49
0.31
0.31
0.23
0.18
0.43
0.23
0.45
0.02
0.17
0.38
0.47
- -
Free Cash Flow per Basic Share
- -
0.07
0.05
0.04
0.02
- -
0.03
0.14
0.2
0.22
0.6
0.17
0.21
0.24
0.25
0.2
0.02
Dividend per Share
-2.53
5.8
0.81
1.58
1.92
6.45
7.05
7.24
7.43
9.02
7.31
7.62
7.85
8
8.06
8.13
8.08
Book Value per Share
-2.69
4.79
0.66
1.17
1.49
6.11
6.68
6.84
7
8.33
6.75
7.04
7.25
7.39
7.45
7.52
7.46
Tangible Book Value per Share
119
795
1,041
1,104
1,163
1,334
1,434
1,425
1,432
1,502
1,507
1,851
1,843
1,862
1,841
1,866
1,853
Basic Weighted Avg Shares
873
1,294
1,551
1,801
2,412
2,859
3,081
3,209
3,436
6,988
7,578
8,484
9,386
9,707
9,395
9,178
9,328
Sales/Revenue/Turnover
2.78
11.3
11.05
14.85
15.01
18.21
17.28
16.62
15.28
10.8
10.26
9.3
7.73
6.42
4.02
3.14
4.15
Operating Margin (%)
10
152
186
194
283
304
317
344
365
705
757
898
953
985
1,014
951
- -
Depreciation Expense
184
119
177
254
384
534
602
641
644
781
844
907
793
689
534
466
451
Net Income, GAAP
7.03
9.14
2.98
0.33
0.78
2.61
1.91
0.12
1.49
2.02
- -
0.3
- -
2.12
- -
1.12
0.72
Effective Tax Rate (%)
21.11
9.22
11.42
14.1
15.91
18.66
19.54
19.98
18.75
11.17
11.13
10.69
8.44
7.1
5.68
5.08
4.83
Profit Margin (%)
-321
-702
-872
-969
-764
5,401
5,615
5,787
6,289
6,419
3,830
3,931
1,606
1,380
2,877
2,575
2,441
Working Capital
- -
338
160
- -
- -
- -
- -
- -
- -
- -
393
256
203
137
99
198
344
LT Debt
-298
699
901
1,814
2,207
9,258
10,114
10,377
10,646
15,557
13,888
14,504
14,941
15,208
15,330
15,468
15,384
Total Equity
- -
10.89
7.65
9.68
13.87
8.53
5.81
6.35
6.25
7.2
- -
6.44
- -
4.23
- -
2.99
2.79
Return on Invested Capital (%)
-189.79
18.26
14.65
14.67
16.35
9.19
6.23
5.26
5.11
4.74
- -
6.2
- -
4.46
- -
3.21
3.02
Return on Capital (%)
- -
- -
22.36
18.76
19.14
9.32
6.22
6.26
6.13
6.62
6.37
6.55
5.53
4.69
3.59
3.11
3
Return on Common Equity (%)

Capital Structure

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
526
445
584
LT Borrowings
- -
71
71
LT Finance Leases
198
275
273
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,853
1,853
1,853
Market Capitalization
14,027
13,693
11,692

Working Capital

CNY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,548
12,755
13,095
Cash, Cash Equivalents & STI
8,087
7,115
7,319
Accounts Receivable, Net
2,035
2,153
2,502
Inventories
1,382
1,396
1,374
Total Current Liabilities
10,973
10,110
10,654
Payables & Accruals
- -
- -
- -
ST Debt
526
445
584
Deferred Revenue
- -
- -
- -

Growth Rates

CNY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.08%
2.19%
0.9%
Free Cash Flow
89.87%
167.77%
25.47%
Net Income, GAAP
-0.43%
-10.67%
-12.65%
Sales/Revenue/Turnover
15.13%
4.1%
-2.3%
Total Cash Common Dividend
148.8%
-8.82%
-18.32%

Quarterly Revenue

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,045
2,300
2,003
3,046
9,395
2025
2,119
2,316
- -
2,771
9,178
2026
2,015
2,225
- -
- -
- -

Quarterly Earnings Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.06
0.07
0.06
0.1
0.29
2025
0.07
0.07
- -
0.06
0.25
2026
0.06
0.05
- -
- -
- -

Quarterly Dividends Per Share

CNY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.22
0.01
0.25
2025
- -
0.01
- -
- -
0.2
2026
- -
- -
- -
- -
- -
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Business
Wasu Media Holding Co., Ltd. (000156.SZ) operates as a leading provider of cable television networks, broadband services, and new media content distribution in China. The company delivers interactive digital TV, mobile TV, Internet TV, Internet audio-visual programs, broadband network access, advertising, media information services, data services, video services, cloud services, video on demand, and telecommunication services to residential and institutional customers across more than 20 provinces. Founded in 1994 and headquartered in Hangzhou, Zhejiang Province at Huashu Digital TV Industrial Park, Wasu Media Holding functions primarily within the Cable Television Network, Broadband Network, and New Media segments, employing approximately 11,539 people and serving millions of subscribers through its extensive fiber-optic infrastructure as a listed subsidiary under Wasu Digital TV Media Group Co., Ltd.. Recent developments include the completion of industrial and commercial change registrations, a change in business scope approved at the 2025 second extraordinary general meeting, board elections and senior management appointments at the 12th board's first meeting, a strategic partnership with Zhejiang Commercial Bank for a co-branded credit card launched in November 2025 to empower digital media financing, and the announcement of a final cash dividend for 2024 payable on August 29, 2025. Earlier transactions involved a Changsha-based equity investment partnership agreeing to acquire a 29.44% stake and historical consolidations such as the 2020 acquisition of Ningbo Wasu Broadcasting Network Co., Ltd. and stakes in Zhejiang Wasu Broadcasting Network Co., Ltd., alongside ongoing expansions into 5G, AI-enhanced platforms, and international partnerships as of late 2023.