Wasu Media released its 2026 half-year performance flash report. Net profit attributable to the parent company for the first half was 210 million yuan, down 17.25% year-on-year, marking four consecutive years of double-digit declines. The company achieved operating revenue of 4.24 billion yuan, down 4.39% year-on-year, and net profit attributable to the parent after deducting non-recurring items was 170 million yuan, down 20.17%. The decline in performance was mainly due to reduced revenue from audiovisual services and group customer integration projects, as well as a drop in business marginal profit. The company stated it is treating artificial intelligence as its number one project to explore new business formats, but the related layout has yet to generate profit at scale.
Wasu Media Holding Co LtdNet profit fell 17.25% year-on-year, marking four consecutive years of double-digit declines, with revenue also down.