Mega-info Media 兆讯传媒
One significant filing since 31 May 2026, on dividend (6 Jul 2026): 2025年年度权益分派实施公告.
自 31 May 2026 起有一份重大公告（dividend，6 Jul 2026）：2025年年度权益分派实施公告。
As of 25 Sep 2026 截至2026年9月25日
Mega-info Media 兆讯传媒, listed in 2022, operates in advertising and marketing. The company reported declining revenue and profit in 2025, with revenue down 17.5% to RMB553.2m and attributable net profit down 83.9% to RMB12.1m. Profit quality was strong in 2025, with operating cash flow per share at RMB1.07, ahead of net profit. As of 30 Jun 2026, the balance sheet remained healthy, with liabilities to assets at 24.0% and a current ratio of 6.46. However, the first half of 2026 showed a sharp downturn: revenue fell 25.9% and the company turned to a loss of -RMB28.5m, from a profit in the same period a year earlier. Receivables remain a concern, taking 273 days to collect. The stock has declined 17.2% over one year, and the company scored below average in its peer group.
兆讯传媒2022年上市，属于广告营销行业。2025年公司营收和利润均下滑，营业收入同比下降17.5%至5.53亿元，归母净利润同比下降83.9%至1,214.6万元。2025年盈利质量较好，每股经营现金流1.07元，高于净利润。截至2026年6月30日，资产负债状况健康，资产负债率24.0%，流动比率6.46。但2026年上半年明显恶化，营业收入同比下降25.9%至2.17亿元，归母净利润由盈转亏，为-2,849.9万元。应收账款回收周期长达273天，仍是风险点。过去一年股价下跌17.2%，公司在同业中评级得分偏低。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Receivables take over 180 days to collect 应收账款周转天数超过180天 | Receivables take over 180 days to collect. 应收账款回收周期超过180天。 | Long collection periods tie up cash and increase credit risk. At 273 days, receivables could impair liquidity if payments are delayed or defaulted. 回款周期长会占用资金并增加信用风险。273天的账期可能在付款延迟或违约时影响流动性。 |
- Change in attributable net profit for the full year 2026, compared to 2025's RMB12.1m.
2026全年归母净利润变动，对比2025年的1,214.6万元。 - Revenue trend in the second half of 2026, after a 25.9% decline in the first half.
2026年下半年营收趋势，此前上半年已同比下降25.9%。 - Receivable days at year-end 2026, after 273 days at mid-year.
2026年末应收账款周转天数，年中为273天。
- Company: Mega-info Media 兆讯传媒, Shenzhen Stock Exchange 301102; industry Advertising and Marketing; listed 28 Mar 2022.
公司：兆讯传媒，深圳证券交易所 301102；行业：广告营销；上市日期：2022年3月28日。 - Close on 24 Sep 2026 RMB9.50; close on 24 Sep 2025 RMB11.48, RMB11.47 in today's terms; one-year change, adjusted for distributions and share changes -17.2%.
2026年9月24日收盘价9.50元；2025年9月24日收盘价11.48元（前复权11.47元）；一年涨跌幅（复权）-17.2%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB8.54 to RMB13.88.
52周区间（前复权）8.54元至13.88元。 - In the last 12 months 3 trading days closed 9% or more above or below the day before (all days, not only this year). The 3 most recent of them: 13 Jan 2026 +10.9%; 15 Jan 2026 -9.4%; 20 Jan 2026 +9.9%. No two of the 3 fell on consecutive trading days.
近12个月共有3个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近3个：2026年1月13日 +10.9%；2026年1月15日 -9.4%；2026年1月20日 +9.9%。其中任意两个交易日均不相邻。 - Market capitalisation RMB3.86bn; P/E TTM not meaningful (loss-making); price to book 1.32x.
总市值38.57亿元；市盈率（TTM）不适用（亏损）；市净率1.32倍。 - Revenue 2025 RMB553.2m; 2024 RMB670.4m; change -17.5%.
营业收入2025年5.53亿元；2024年6.70亿元；同比-17.5%。 - Attributable net profit 2025 RMB12.1m; 2024 RMB75.6m; change -83.9%.
归属于母公司股东的净利润2025年1,214.6万元；2024年7,563.4万元；同比-83.9%。 - Net profit excluding non-recurring items, 2025 change -83.4%.
2025年扣除非经常性损益后的净利润同比-83.4%。 - Basic EPS 2025 RMB0.03; 2024 RMB0.19.
基本每股收益2025年0.03元；2024年0.19元。 - Operating cash flow per share 2025 RMB1.07; 2024 RMB1.08; operating cash flow to net profit 35.81x.
每股经营现金流2025年1.07元；2024年1.08元；经营现金流与净利润之比35.81倍。 - 2025 gross margin 26.7%; net margin 2.2%; ROE 0.4%.
2025年毛利率26.7%；净利率2.2%；净资产收益率0.4%。 - At 30 Jun 2026: liabilities to assets 24.0%; current ratio 6.46; quick ratio 6.46; receivable days 273; inventory days not shown.
截至2026年6月30日：资产负债率24.0%；流动比率6.46；速动比率6.46；应收账款周转天数273；存货周转天数未披露。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB216.8m, change -25.9%; attributable net profit -RMB28.5m, change -233.3% (from a profit to a loss); operating cash flow per share RMB0.85.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入2.17亿元，同比-25.9%；归母净利润-2,849.9万元，同比-233.3%（由盈转亏）；每股经营现金流0.85元。 - Ownership: actual controller 苏素玉,苏武雄,苏冠荣,苏壮强,苏壮奇; controlling shareholder 三六六移动互联科技有限公司; largest holder at 30 Jun 2026: 三六六移动互联科技有限公司, 75.00%.
股权：实际控制人：苏素玉,苏武雄,苏冠荣,苏壮强,苏壮奇；控股股东：三六六移动互联科技有限公司；2026年6月30日第一大股东：三六六移动互联科技有限公司，持股75.00%。 - Latest distribution: ex-date 14 Jul 2026, cash RMB0.01 per share.
最近一次分配：除权除息日2026年7月14日，每股现金0.01元。 - Aurelian Grade D, score 42.2 of 100, graded within a peer group of 30 companies in its industry; no rank among peers is given.
金源评级D，得分42.2（满分100），于行业同业30家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。