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NWCN Network CN

Network CN, Inc. provides advertising and other media services. Its services include the sale of air-time for its media panels and media planning for the property. It specializes in roadside light emitting diode, digital video panels, mega-size LED digital video billboards, and light boxes in major cities. The company was founded by Chin Tong Hui on September 10, 1993 and is headquartered in Hong Kong.

Company profile

Ticker
NWCN
Exchange
CEO
Chi Wah Leung
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ACOLA CORP, MEGACHAIN COM LTD, TEDA TRAVEL GROUP INC
SEC CIK
IRS number
113177042

NWCN stock data

(
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Calendar

30 Mar 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Network CN earnings reports.

Financial report summary

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Competition
Air MediaVision
Management Discussion
  • Comparison of Years Ended December 31, 2020 and 2019.
  •  General and Administrative Expenses. General and administrative expenses primarily consist of compensation related expenses (including salaries paid to executive and employees, rental expenses, depreciation expenses, fees for professional services, travel expenses and miscellaneous office expenses. General and administrative expenses for the year ended December 31, 2020 decreased by 6.70% to $292,490, compared to $313,476 for the year ended December 31, 2019. The decrease in general and administrative expenses was mainly due to decrease of salaries on wage subsidy granted by Hong Kong Government in 2020 for the year ended December 31, 2020.
  • Gain from write-off of long aged payables – Gain from write-off of long-aged payables for the year ended December 31, 2020 was $394,522, compared to $nil for the year ended December 31, 2019. We believe the obligation for future settlement for such long-aged payables is remote and therefore wrote them off.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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