Huawen Media Celebrates 20 Years Of Going Public

Updated 2017-08-21 09:46:31 China.com

On the 17th August Huawen Media Group celebrated its 20th anniversary as a public corporation in Haikou. China Radio International (CRI), distinguished leaders from Hainan province and Haikou city, members of provincial departments and administrations, media, financial organisation, agency representatives, share holder reps, representatives from Huawen upper management and staff were all present for this memorable occasion. 

Huawen Media Celebrates 20 Years Of Going Public

Huawen media celebrates 20 years of going public

As Hainan's only public media company Huawen has experienced an accelerated rate of development since joining the market 20 years ago. After starting out as a small, unknown production company with little capital and barely any protection from risks, Huawen has transformed almost beyond recognition into exceptional model of a comprehensive media business that constantly excels itself and whose profits never fail to gain exceed themselves. As of March 2017 the company had a registered capital of CNY 2 billion. The company's total assets had grown from the original CNY 600 million to 1.38 billion and boasted a net value of CNY 950 million having started from a humble CNY 500 million.

All Wish For An Even Brighter Future For Huawen

Huawen Media Celebrates 20 Years Of Going Public

Huawen president Wang Yuan gives his celebration speech

Huawen President Wang Yuan delivered a speech on behalf of the company. He spoke of the progress and accumulation over the past 20 years allowing them to lay a new starting point for an even brighter future. Looking to the future, the company will be bolder and more assertive. He said that they will stand with their feet firmly on the ground, rooting a deeper media culture, maintaining close ties to the capital market to embark on a new journey to create new brilliance with hopes to reward everyone from shareholders to the rest of society.

Huawen Media Celebrates 20 Years Of Going Public

Deputy minister of publicity department of Hainan provincial party committee Lin Guang Qiang delivers her speech

Ms Lin Guang Qiang, Deputy minister of publicity department of hainan provincial party committee spoke on behalf of the Propaganda Department of the CPC and gave her heartiest congratulations. She hopes that Huawen continues its remarkable development and become Hainan's first company to enter the “Top 30 Cultural Enterprises” of China. The province of Hainan has already entered into several partnerships with CRI and Ms Lin thanked the broadcasting company for its efforts in support Hainan and expressed her anticipation for greater partnerships in years to come. 

Creating a new cultural media form, a new ecological lifestyle

Huawen Media Celebrates 20 Years Of Going Public

Further speeches from President of China General Holdings, Huawen Chiarman Wang Fang Huai

China General Holdings President and Chairman of Huawen Mr Wang Fang Huai made a simple  yet stirring statement “thanks, gratitude, appreciation, exclamation, sentiment and inspiration.” He reflected upon an amazing 20 years of development and at the same time sincerely thanked all the leaders, friends, departments, organisations, institutes, media outlets, shareholders and teams that have stood by their side for the past two decades.

Mr Wang also shed light on his future designs for the Huawen group. Maintaining its base in the media business, they will make best use of the resources made avalible by shareholders and the market platform, make full use of the great opportunity offered by the rising power of Chinese consumers and become a reputable new form of media group and ecological lifestyle. He stressed the creation of a duel ecology, first “Financial Information + Financial Data + Trade Services” as a subjective and authoritative professional service for financial and economic news and data. Second is the creation of a lifestyle circuit with culture, entertainment, sports and travel at its centre establishing a unique service aimed at a combination of all four.

Working Together For Future Partnerships

Huawen Media Celebrates 20 Years Of Going Public

Wang Geng Nian, head of CRI says his piece

A member of the party committee of the state administration of press, publication, radio, film and television, CRI Head Mr Wang Geng Nian offered his best wishes to the Huawen group on its spectacular 20 years. He remarked sympathetically on the collective efforts over that time and showed his gratitude towards the leaders, related departments, all reaches of society and investors.

Mr Wang pointed out that during its 20 years in the public, starting out as a petroleum business, the company has strengthened relentlessly over the course of a bumpy road and reached unprecedented goals gradually becoming a comprehensive media entity.

CRI is a national media outlet that specifically focuses on reaching global audiences in numerous languages. Currently it operates in 65 languages across mediums of audio, video, internet, newspaper, magazine and mobile news. CRI has 100 whole frequency foreign landing stations, over 30 reporters stationed abroad, over 20 visual studios, by which it broadcasts over 3000 hours programming everyday in over 50 capital cities or major cities to a population of over 500 million.

In recent years CRI has focused on constructing a fully incorporated modern international media outlet with a maxim of “Great Culture, Whole Media”. This will graduate into media via broadcasting, video, internet, print, media industry and finally film and television translation, six major business directions. Taking film and television translation as an example, CRI will take responsibility for exporting Chinese film and television. China's President Xi Jin Ping stated in an address with Tanzania in 2013 that the Chinese TV drama “My Wife's Golden Years” is very popular in Tanzania and allows its citizens and netizens to understand more deeply the everyday trials and tribulations of the Chinese common people. It is an example of a Chinese show that is broadcast in Tanzania's native Swahili.

China General Holdings, a subsidiary of CRI, is the true effective controller of Huawen, the two parties share close stocks and shares partnerships and business deals.

Hainan is an important partner and client of CRI. They both share international goals. In recent years the pair have focused on the now well known “one belt, one road” proposal in accordance with the Overall Central Deployment. They have additionally set their sights on Boao Forum events, product promotion events, the establishment of broadcasting channels and media bases, and general all round expansion through partnership.

The 9th April 2013 marks a special day; the initial broadcast of “Voice of Hainan” which received outstanding support from Hainan Provincial committee, government and related municipalities and departments. It became a highlight of the CRI international broadcasts.

At present, Hainan is putting great effort into its self-promotion as an international island of tourism. CRI is building a modern integrated broadcasting base for furthering the spread of broadcasts in Chinese, local transmissions, finance,  and duel partnerships, meanwhile Huawen is working on the construction of an online media group platform to expand the “Great Culture, Whole Media” maxim. It is their sincerest hope that Hainan, CRI and Huawen can work side by side and reach the maximum of their potential to achieve yet greater partnerships.

At this anniversary celebration, Huawen Media presented its new logo to the public for the first time, new business cards began circulating recognising the arrival of the digital age. The media group has begun reorganising all assets under its flag and is concentrating on core cultural concepts. They will use the influence and credibility of media to improve the cultural consumption aiming to merge the international broadcasting ethics with local culture resulting in a company grown from a traditional press into a new tech media group.

Huawen Media Celebrates 20 Years Of Going Public

Huawen Media Group Leader with a 20 year veteran of the company

There was a special section of the event dedicated to those who are dedicated to Huawen. A total of 10 employees have served the company well since it went public two decades ago.

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