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  • [China Securities Journal] Mega-info Media Accelerates Growth with Dual-Engine Strategy and Enhances Resource Upgrades

    Release Time:2024-10

    On the evening of October 25, Mega-info Media released its third-quarter report for 2024. The report showed that the company achieved operating revenue of CNY504 million in Q3, marking a year-on-year increase of 16.59%, with a net profit attributable to shareholders of CNY67.216 million.

    As one of the most extensive digital media operators in the high-speed rail digital advertising industry, Mega-info Media had, by the first half of 2024, signed contracts with 564 railway passenger stations and launched operations at 509 stations, over 97% of which are high-speed rail stations (including bullet train stations). The company operates 5,310 digital media screens and has made steady progress in its high-speed rail digital media business. By the first half of 2024, Mega-info Media had added 49 new media station resources and optimized media at 34 stations, further enhancing its high-speed rail resource advantages. This rapid expansion of high-quality resources has fueled the company’s strong growth momentum.

    While focusing on its core business, Mega-info Media has also actively explored trends in outdoor digital media development. It has established “landmark” naked-eye 3D screens in prominent business districts, including Tianhe Road in Guangzhou, Chunxi Road in Chengdu, and Wangfujing in Beijing, covering several first-tier and emerging first-tier cities.

    Looking ahead, Mega-info Media expected increased market demands as upcoming policy developments and macroeconomic recovery will bring renewed growth momentum and market confidence. The company plans to leverage its extensive industry experience, leading operational management capabilities, and access to capital market resources to continuously upgrade and diversify its media resource formats, driving its leapfrog development.

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