This year marks the 10 anniversary of the listing of Huayi Brothers, and it should also be the most bleak year for this company in recent 10 years.
At the beginning of the Spring Festival, Huayi was the only one of the five private film companies that didn't release its works. This summer, 800 small wishes they invested were withdrawn one after another. Huayi, as the leading company in the domestic film and television industry, is the first film and television venture capital. It is really surprising that not even a masterpiece has been released in 20 19 years.
Look at the market value of Huayi Company. At the peak, it was close to the 90 billion yuan mark, and now it is only 1, 2 1 billion yuan, and its market value has evaporated by more than 70 billion yuan.
Once upon a time, Huayi Brothers was also brilliant. After the opening of the Science and Technology Innovation Board in 2009, Huayi Brothers made its debut on the Science and Technology Innovation Board together with 27 other companies, becoming the first listed company of the Science and Technology Innovation Board, also known as the first film and television entertainment company in China, which was sought after by countless investors. For a time, Huayi Brothers' share price soared and once became the stock with the highest market value in the science and technology innovation board. At its peak, its market value was as high as 90 billion.
However, so far, Huayi's operation is normal, which shows that even if there is a problem in capital turnover, Huayi has the ability to solve it. At the first summer summit of Yabuli China Entrepreneur Forum on 20 19, Wang, the founder of Huayi Brothers, publicly talked about the cash flow of Huayi Brothers for the first time, and revealed that a large number of collectibles had been sold to ease the financial pressure of Huayi Brothers.
Although Huayi Brothers is not at the end of its tether, it is time for its founder Wang to make a change.
In 20 19, one of my main tasks was to do some asset disposal slightly deviating from the main business, let the company withdraw some cash, make the company's cash flow good, and insist on making good movies.
This also means that after five years of going around, Huayi is standing on the main channel of the movie again, but this time, Huayi in Wang Li is no longer the big brother in the industry, but a latecomer who sails against the current.
Wang Zhongjun has made famous directors such as Xiaogang Feng and Fan Bingbing. 20 14 years, the 20th anniversary of the founding of Huayi, was once full of stars, and Wang was like a moon star.
Up to now, Huayi's former 10 shareholders, as well as Ma Yun and Ma Hua Teng's Tencent blessing. However, Wang's laziness, mistakes in the company's strategic layout and the recession of the film industry eventually led to Huayi's tragic situation today.
How to lead Huayi out of the quagmire depends on Brother Wang!