China’s Advertising Market Entering a Period of Slowing Growth, IHS Says
Online advertising to account for 50 percent of China’s total advertising revenue in 2016 for the first time
LONDON, U.K. (March 7, 2016) — With China’s economy slowing, net advertising revenue growth slowed from 16 percent in 2014 to 7 percent in 2015. Reaching just 375.2 billion Chinese yuan ($64.1 billion), the industry fell to single-digit growth for the first time since 2010, according to IHS Inc. (NYSE: IHS), the leading global source of critical informational and insight.
“Slowing economic growth, an anti-corruption campaign that greatly reduced liquor ads, and tightened advertising regulations for pharmaceutical products all contributed to a drop in advertising revenue this year,” said Chen Qingzhen, advertising analyst for IHS Technology. “Still, the Chinese advertising market, which has reached the size of many mature markets, will continue to grow at rates seen in emerging markets.”
英国伦敦(2016年3月7日)——随着中国经济放缓，广告净收入增速从2014年的16%放缓至2015年的7%。据IHS Inc. (NYSE: IHS)称，该行业的规模仅为人民币3752亿元(合641亿美元)，自2010年以来首次降至个位数增长。IHS是全球领先的关键信息和深刻见解的提供商。
The company still keeps the original dividend distribution policy unchanged. Considering that there is no cumulative surplus in 2015, the board of directors has decided not to pay dividends at the end of the year ending December 31, 2015, which will be approved by shareholders at the upcoming annual meeting of shareholders.
2. Major business reviews
During the reporting period, the group actively strengthened the business of solar photo-voltaic and new electronic materials, meanwhile increased its market share.
During the reporting period, the group successfully completed the 13.5% equity sale of Caihong display devices co., LTD. (A-share company). The group will no longer hold shares and consolidate statements of A-share company, but will focus on the development of new energy, new materials and other businesses.
The board of directors (the “Board”) of Shengjing Bank Co., Ltd. (the “Bank”, unless the context otherwise requires, including its subsidiaries) is pleased to announce the audited annual results (the “Annual Results”) of the Bank for the year ended 31 December 2015 (the “Reporting Period”) prepared in accordance with the International Financial Reporting Standards (the “IFRSs”) promulgated by the International Accounting Standards Board [and the proposed cash dividend for the year of 2015]. The Board and the audit committee of the Bank have reviewed and confirmed the Annual Results. [This announcement contains the information required by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited in relation to the preliminary announcements of annual results.]
This results announcement is published on the website of the Hong Kong Stock Exchange (www.hkexnews.hk) and the website of the Bank (www.shengjingbank.com.cn). The 2015 annual report prepared in accordance with the IFRSs will be published on the website of the Hong Kong Stock Exchange (www.hkexnews.hk) and the website of the Bank (www.shengjingbank.com.cn), and will be despatched to the holders of H shares of the Bank in due course.