On July 27th, Huanrui Century reported that the company's operating income in the first half of the year was 359 million yuan, up by 4,865,438+0.64% year-on-year; The net profit returned to the mother was 29,660,700 yuan, up by 16 1.3 1%, and the net cash flow from operating activities was 66 102800 yuan, up by 2 18.43%.
The semi-annual report shows that the company's revenue from film and television dramas and derivatives reached 308 million yuan, a year-on-year increase of 3,848.09%, accounting for more than 85% of the company's total product revenue. The company attributed the increase in revenue to the increase in the number of TV dramas.
According to the report data, the revenue from the company's investment in two TV series, Nanfeng Know My Heart and He Shan Yueming, was1.51.60 billion yuan and 1.36 billion yuan respectively, which accounted for 80.25% of the main business income for half a year.
It is worth mentioning that the movie "Ten Years of Warm Words" released with the help of Valentine's Day files ranked first on that day, but the plot of the film was questioned by netizens. According to the announcement of Huanrui Century, the box office of the film exceeded 65.438+0.45 billion yuan on the first day of release, and the company's income from the film reached 4 million yuan.
Huanrui Century said that because the film and television industry has been in a period of normative adjustment, the broadcasting environment and market demand have changed greatly, which led the company to be more cautious about using the raised funds to invest in film and television drama project production. Therefore, the fundraising project is progressing slowly, and the investment progress is inconsistent with the investment plan.
At the same time, Huanrui Century also suggested that the company also faces the risk of large balance of accounts receivable and litigation risk. The company's film and television dramas are mainly distributed in the second half of each year, especially in the fourth quarter, while downstream customers generally pay most of the money after the film and television dramas are broadcast for a period of time, resulting in a large balance of accounts receivable at the end of the year.
In addition, as of June 30th, * * * Company had received 704 plaintiffs who brought a lawsuit to Chongqing No.3 Intermediate People's Court on the grounds that the company's false statements caused its investment losses, demanding that the company bear civil liability for its investment losses, involving a lawsuit amount of 65.438+0.47 billion yuan. As of July 26th, 2022, there are still 25 1 cases pending.
From the perspective of the development of film and television drama industry, the refined operation of the platform has brought about a shift from focusing on the quantity of content to controlling the quality. According to the research data of Ian Consulting, in the first half of 2022, the mainstream video platform * * * launched 163 dramas, which was 9.4% lower than last year. However, the pattern of long video platforms tends to be stable, and all platforms are exploring more ways of revenue growth.
It is worth noting that with the recovery of the epidemic, A-share film and television entertainment stocks have strengthened since July. According to the data of lighthouse professional edition, as of July 22, the total box office of summer file has exceeded 4 billion yuan.
Guolian Securities analysts believe that in film and television, with the effective control of the national epidemic, the attendance rate is expected to be gradually released. After the demand for movie viewing is restored, this year's box office of key films will focus on important slots.
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