Huawen Group

Not to be confused with China Media Group or Huawei.

Huawen Group (Chinese: 华闻传媒; lit. 'China News Media') is a publicly listed Chinese holding company in the media sector. It is one of the 500 components of the SZSE Component Index, as well as the sub-index SZSE 300 Index and SZSE 100 Index.

Huawen Group

Formerly	Huawen Media Investment Corp., Ltd.
Company type	Public
Traded as	SZSE: 000793
Headquarters	China
Revenue	CN¥4.336 billion (2015)
Net income	CN¥1.064 billion (2015)
Total assets	CN¥12.818 billion (2015)
Total equity	CN¥8.842 billion (2015)
Owner	Global Broadcasting A.M. (11.15%)
Chinese name
Simplified Chinese	华闻传媒投资集团股份有限公司
Transcriptions
Alternative Chinese name
Simplified Chinese	华闻传媒
Traditional Chinese	華聞傳媒
Transcriptions
Website	000793.com
Footnotes / references in consolidated basis[1]

Acquisitions

In 2006, the company acquired the commercial brokerage rights of the Securities Times (a newspaper under state-owned People's Daily) for 30 years.

In 2016, Huawen Media Investment subscribed the new shares of China International Broadcasting Network. (CIBN, traded as Chinese: 国广东方网络（北京）有限公司.)^[2] After the deal, Huawen Media owned a 30.9996% stake, while Global Broadcasting Media Group owned a 34% stake and was the largest shareholder.^[3] Global Broadcasting Media Group was also the indirect major shareholder of Huawen Media Investment.^{[citation needed]}

Shareholders

The largest shareholder of the company was (Chinese: 国广环球资产管理有限公司; lit. 'Global Broadcasting Asset Management') with 11.15% of the shares. Global Broadcasting Asset Management is a subsidiary (58.0344%) of Global Broadcasting Media Group (Chinese: 国广环球传媒控股有限公司). Global Broadcasting Media Group is a joint venture (50–50) of state-owned broadcasting company China Radio International with a private company.^[4]