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Last $0.28 HKD
Change Today 0.00 / 0.00%
Volume 3.9M
8087 On Other Exchanges
Hong Kong
As of 4:01 AM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

china 33 media group ltd (8087) Snapshot

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06/4/15 - $0.85
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03/12/15 - $0.24
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china 33 media group ltd (8087) Details

China 33 Media Group Limited, an investment holding company, operates as a channel media provider for high-speed railway network through printed, outdoor, and television media in the People’s Republic of China. The company operates and distributes periodicals, including Fellow Traveller, a monthly publication that focuses on topical content and infotainment comprising feature interviews, analyses, and cultural topics for business and leisure travelers; and Shanghai Railway Magazine, a monthly publication distributed on high-speed railway passenger trains operated by the Shanghai Ministry of Railway for the elite groups of business travel. Its periodicals also comprise Ever Green, a publication distributed on first class cabins of Hainan Airlines with content, including oriental culture information, culture, fashion, health, gender, and consumption, focusing on men's health quality guidelines; and City Life Magazine, a periodical distributed on regular trains and/or high speed trains that provides enterprises with brand promotion and product marketing. In addition, the company sells advertising space on the air traffic control towers at 20 selected civil airports, as well as 49 train stations. Further, it holds production rights for Geographic China, a program of China Central Television’s Science & Education Channel; and provides management, consulting, and money lending services. The company serves customers in real estate, automobiles, financial services, telecommunications, home appliances, information technology, garments and accessories, construction materials, food and beverages, and tourism industries. China 33 Media Group Limited was incorporated in 2010 and is headquartered in Beijing, the People’s Republic of China.

384 Employees
Last Reported Date: 03/31/15
Founded in 2010

china 33 media group ltd (8087) Top Compensated Officers

Executive Chairman, Compliance Officer and Me...
Total Annual Compensation: CNY809.0K
Compensation as of Fiscal Year 2014.

china 33 media group ltd (8087) Key Developments

China 33 Media Group Limited Provides Unaudited Consolidated Earnings Outlook for Six Months Ended June 30, 2015

China 33 Media Group Limited provided unaudited consolidated earnings outlook for six months ended June 30, 2015. For the period, the company expects to record a loss. The Board believes that the loss was mainly attributable to (i) significant reduction in revenue from advertising on air traffic control towers at airports as there were no new customer this year; (ii) termination of advertisings on some loss making railway stations for magazine (City Life) and billboards and LEDS installed at certain selected train stations; (iii) cessation of periodical (Shanghai Railway) since September 2014; and (iv) impairment of some long aged receivables.

China 33 Media Group Limited Enters into Joint Venture Agreement with Hutong Capital Limited

China 33 Media Group Limited announced that the Board is announced that on 1 June 2015 (after trading hours), 33 Services entered into a JV Agreement with Hutong which is principally engaged in the management and investment in media and/or telecom, media and technology related projects and/or investment funds globally. 33 Services has subscribed for 60% of the issued share capital of the JV Company for a consideration of HKD 2.0 million and Hutong has been entitled to 40% of the issued share capital of the JV Company and shall contribute their expertise and investment management expertise to the JV Company. Pursuant to the JV Agreement, the board of directors of the JV Company shall comprise of 3 directors, 2 of whom shall be nominated by 33 Services and 1 by Hutong whereas the director nominated by 33 Services shall preside as chairman of the meetings of the board of directors of the JV Company. After the formation of the JV Company, it will become an indirect non wholly-owned subsidiary of the Company. The formation of the JV Company will allow the Group to expand its current media production business and align with the Company's strategy to further expand into the movie business. The JV Company is currently exploring possibilities for investments in the international movie industry.

China 33 Media Group Limited Announces Board Changes

China 33 Media Group Limited announced that Mr. Lin Pintong has ceased to be the member of the nomination committee of the Board with effect from 8 May 2015 following the conclusion of the Annual General Meeting as a result of the retirement, and Mr. Peng Lichun, executive director, has been appointed as the member of the Nomination Committee with effect from 14 May 2015.


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