Wasu Media reports Q3 net profit decline, approves wealth management strategy

Wasu Media Holding announced its 2025 third-quarter results, with a slight decrease in net profit attributable to shareholders despite a rise in operating income. For the period ending September 30, 2025, total operating income reached CNY 6.4 bn, a 0.92% increase year-on-year. However, net profit attributable to shareholders was CNY 349.04m, representing a 0.77% decrease compared to the previous year. The decline in net profit, excluding non-recurring items, was primarily due to increased disposal of transactional financial assets.

In conjunction with the financial report, both the board of directors and the supervisory board of Wasu Media Holding convened meetings on October 30, 2025. Both bodies unanimously approved the third-quarter report and a proposal to use up to CNY 3 bn of idle self-owned funds for wealth management products with medium or lower risk. This initiative aims to enhance the efficiency of capital utilization and increase investment returns.

As of September 30, 2025, the company's total assets stood at CNY 29.6 bn, a 2.04% increase from the end of the previous year, while net assets attributable to shareholders increased by 0.10% to CNY 14.95 bn. The cash flow from operating activities for the year to date decreased by 45.97% to CNY 239.86m, attributed to differences in operational expenditure payment schedules and reduced repayments in the current period.