clear media announces annual results for 2016
8 million Hong Kong news agency, January.
2017 Hong Kong, January.
24, 2017/PRNewswire /--
Highlights * advertising revenue of bus shelters, excluding VAT, increased by 8.
RMB 2% to RMB 607. 8 million.
* EBITDA increased by 8. 9% to RMB700. 9 million.
* EBIT increased by 6. 2% to RMB376. 1 million.
* Net profit increased by 6. 4% to RMB242. 9 million.
* Basic earnings per share increased by 6. 2% to RMB0. 4484.
* The director proposes to pay a final dividend of 17 cents per share (
2015: HK16 points).
Clearing Media Limited (
\"Clear Media\" or \"Company\", together with \"group\" of its subsidiaries \";
Stock code of the stock exchange: 100)
China\'s largest bus protection advertising panel operator is pleased to announce its annual performance as of December 31, 2016.
The group\'s total annual turnover increased by 8.
ToRMB1 2%, 607 year on year. 8 million.
Earnings before interest, tax, depreciation and amortization (\"EBITDA\")
Growth of 8 throughout the year.
Tormb700 9% year on year. 9 million (2015: RMB643. 6 million).
Income before interest and tax (\"EBIT\")increased by 6. 2% to RMB376. 1 million (2015: RMB354. 3 million).
Net profit for the whole year increased by 6 year on year.
4% yuan/year. 9 million (2015:RMB228. 2 million).
Basic earnings per share increased by 6.
Tormb0 2% year on year. 4484 (2015: RMB0. 4223).
The director has proposed a final dividend of 17 cents per share (
2015: HK16 points).
As of December 31, 2016, Clear Media has operated the widest network of standardized bus shelters advertising in mainland China, with a total of more than one panel (2015: 45,000)
Covering 24 cities.
Revenue from the advertising business of bus shelters (excluding VAT) increased by 8.
Year-on-year growth of 2% to 607 yuan. 8 million (2015: RMB1,486. 5 million).
The average number of bus masking panels has increased by 7.
1% during the year.
Before the VAT, the rate of return for each housing (\"yield\")increased by 1. 2%.
Revenue growth is mainly driven by an increase in the average number of panels running during the year.
Pre-VAT income for the year ended December 31, 2016 (\"grossrevenue\")
The group\'s bus shelters advertising business in key cities such as Guangzhou, Shanghai and Beijing has grown by 19.
An increase of 8% toRMB1, 034. 2 million (2015: RMB863. 5 million)By a 9.
The average number of bus shelter panels increased by 7%, and the output of each shelter increased by 845 yuan (2015: 52 52,078).
Total revenue for all mid
The group has reduced its number of first-tier cities by five. 6% to RMB659. 8 million (2015: RMB699. 2 million)
In this year, mainly due to 5.
The average number of bus protection boards increased by 2%, and the output decreased by 722 yuan (2015 yuan: 799 yuan. Among the mid-
The cities run by the company, Shenzhen, Shenyang, Jinan, Dalian and Changchun, performed particularly well in the year
Digital growth in revenue.
As of December 31, 2016, the group had operated 253 digital advertising display boards in Nanjing (2015: 254).
Sales generated by the digital business amounted to 9 yuan.
For the year ended December 31, 2016, it was 9 million (2015: RMB12. 2million). Mr.
Han Zijing, president of the group, said: \"We expect to maintain a capital expenditure budget of 2017 on a similar scale of 2016, because we will continue to look for acquisition opportunities in major cities and new cities, to expand the breadth and depth of our network, using favorable asset price levels. \"Mr.
Joseph Tcheng, chairman of the group, said: \"We expect the operating environment in 2017 to remain challenging.
Management expects revenue performance to vary from industry to industry.
We look forward to getting a high level of advertising activity from e-commerce
Business, smartphone and mobile applications.
In the long run, we are optimistic about the future. of-
In the context of sustained growth in Chinese consumer spending and continued urbanization, China\'s home advertising industry.
\"Highlights of the annual financial high-yield statement as of December 31, 2016 2016 2015 (RMB\'000)
% Change Turnover 1,607,778 1,486,462 + 8.
2. itda 700,911 643,631 8.
9% profit 242,901 228,202 + months. 4%Basic EPS (RMB)
0. 4484 0. 4223 +6.
Pay special DPS 2% (HK cents)
Proposed final dividend (HK cents)
17 16 6.
3) highlights of Lance list (RMB\'000)
December 31, 2016 December 31, 2015 Cash and cash equivalents 514,170 577,514 Net assets 2,355,529 2,348,509 the clear media limitedclear media is, China maximum of bus shelter advertising panel operation and leading of market share more than 70% of top
First-tier cities, as well as overseas businesses in the country\'s fastest growing cities. We provideone-
Solutions for stopping advertising campaigns across the country for our customers.
Listed on the main board of the Hong Kong stock exchange since 2002, the stock code is 100, and the largest shareholder of Clear Media is Clear Channel Outdoor (NYSE: CCO)
One of the largest outdoor media companies in the world.
For more information about Clear Media, please visit: www. clear-media. net .
For more information: Clear Media Limited Mr
Jeffrey IP, Director of Investor Relations, Company Secretary, Tel: 852-2235-3977Fax: +852-2235-
3911 Email: Jeffrey. yip@clear-media.
Ogilvy and Tamm/Chan Kexin/Clara rürtel: 852-2136-6182/+852-2136-6955/ +852-3920-7631Fax: +852-3170-
6606, Email: clearmedia @ iprogilvy. comWebsite: .