Annual Report 2022 of Mega-info Media: The Advantages of High Speed Rail Media was Continuously Consolidated and the Second Curve was Effectively Launched

On the evening of April 23, Mega-info Media (301102. SZ), the first stock of China's high-speed rail media, released its annual report 2022.In 2022, Mega-info Media continued to lead the high-speed rail digital media advertising industry in overall development. It achieved an operating income of RMB 577 million and a net profit RMB 192 million attributable to shareholders of the listed company. Mega-info Media's media resources were expanded continuously, and its second curve began to effectively generate profits.

With the continuous promotion of policies and measures to expand domestic demand and promote consumption, and the continuous optimization of supply structure, consumption and travel have shown a trend of recovery, and the economic performance is becoming increasingly active.Mega-info Media had a good start in 2023.The first quarterly report of 2023 released on the same day shows that the operating income in the first quarter was RMB 151 million, and the net profit attributable to shareholders of the listed company reached RMB 62.98 million.

The annual report shows that Mega-info Media has firmly consolidated its competitive advantage and formed a high competitive barrier.During the reporting period, 28 new media station resources were added and 11 stations were optimized for media. The resource areas covered multiple economically developed regions such as the Yangtze River Delta, Pearl River Delta, circum-Bohai-Sea, and South-East Coastal Areas, forming a digital media network covering the nationwide railway network, with high-speed rail stations as the core.

As of the end of the reporting period, the media resource network of Mega-info Media has covered 30 provincial-level administrative regions nationwide, with an annual passenger flow of over 1 billion person-times. It signed contracts with 569 railway passenger stations, of which 460 railway passenger stations have been opened and operated (note: 437 high-speed railway stations and 23 ordinary stations). More than 95% of the stations are high-speed railway stations (including bullet trains). With 5531 digital media screens operated (4620 digital touch screen advisement players, 847 television sets, and 64 LED large screens), Mega-info Media is one of the digital media operators with the widest coverage of media resources in the high-speed rail digital media advertising industry.

In addition, the continuous expansion of the railway transportation network has also provided a good development space for Mega-info Media.According to the national comprehensive three-dimensional transportation network construction plan, it is expected that more than 3000 kilometers of new railway lines will be opened and put into operation in 2023, including 2500 kilometers of high-speed railways. Multiple railways are expected to be opened within the year, and the operating mileage of high-speed railways in China will reach 70000 kilometers by 2035 according to the plan.Thanks to the rapid development of China's high-speed rail industry, high-speed rail digital media advertising has shown a continuous growth trend, and Mega-info Media will achieve greater development with the construction of China's railways.(Source: Shanghai Securities News)