Charm Communications (CHRM) (NASDAQ:CHRM) is the largest television advertising company in China. In 2009, the company spent $288.0 million in advertisingn for its clients on the television networks. Its top nine clients are: China Telecom, PICC, Agricultural Bank of China, China CITIC Bank, Snowbeer, Yunnan Baiyao, C-Bons, Wahaha and Midea. These nine companies represented 18.1% of total revenue in 2009. 
China has the largest advertising network in Asia Pacific excluding Japan. According to ZenithOptimedia, it has an estimated market size of $20.3 billion in 2009 and expected to grow to $27.5 billion in 2012, a CAGR of 10.7%. In 2009, television represented 74.3% of total advertising. The growth in television advertising as a whole is the result of China growing economy, with household disposable income rising and consumption rising. 
The company's initial public offering of stock filed on the NASDAQ exchange and went public on 4 May 2010. It was priced at $9.50, within the proposed offer price range of $9.00-$11.00. The company is offering 7.8 million shares and raising $74 million. 
For FY2009 with year ended 31 December 2009, the company reported total revenue of $106 million, up 8.4% from $97.8 million in total revenue for FY2008. Furthermore, the company had $15.3 million in net income for FY2009, down 16.8% from $18.4 million in net income for FY2008.