Sino-Singapore Jingwei Client, October 14th (Gao Xiaoyun) On the evening of October 14, Guangming Media (300251, shares) released its third-quarter performance forecast, reporting that the company’s net profit for the first three quarters was 1.08 billion yuan-11.3 billion yuan. A year-on-year decrease of 50.56%-52.74%.
Light Media’s third-quarter performance forecast source: Company announcement
Light Media believes that the main reason for the year-on-year decrease in net profit attributable to shareholders of listed companies is due to the company’s participation in investment, distribution and movies included in the box office during the reporting period. A total of 14 titles with a total box office of 9.417 billion yuan, of which, "Crazy Aliens", "Four Springs", "Natsume Friends' Book", "On the Balcony" and "Clouds Made of Rain in the Wind" were released during the reporting period. "Snowstorm", "Spirited Away", "Galactic Cram School", "Nezha's Devil Child Comes into the World", "Keep Silent", "Take Risks", "Little Wishes", "Friendship Above", "My Motherland and Me" 14 a movie. The company’s film business profits increased significantly over the same period last year, mainly due to the excellent box office results of the films produced and released during the reporting period, such as "Nezha: The Devil Child Comes into the World", and the increase in revenue from the film business; secondly, the reporting period The company confirmed the investment and distribution income of TV dramas for "Eight Minutes of Warmth", "You Going Upward", "Listening to the Snow Tower", and "Meeting Happiness". The profit of the TV series business has decreased compared with the same period of the previous year; the third is that the company expects by 2019 The non-recurring gains and losses in the third quarter were approximately 36 million yuan, a decrease of 98.10% from the same period last year. This was mainly due to more investment income generated by the company’s sale of the shares held by Xinli Media Group Co., Ltd. in the same period last year.
Previously, the animated film "Nezha" had a hit, with a box office of 4.716 billion yuan, surpassing "Wandering Earth" to become the second largest box office in Chinese film history. With the word-of-mouth and box-office work of "Nezha", Enlight Media has a net profit of over 1 billion yuan, which can be described as a lot of money.
Zhongxin Jingwei reporter noted that since its listing in 2011, the performance of Guangguang Media has maintained an upward trend. The annual revenue has increased from 480 million yuan in 2010 to 1.84 billion yuan in 2017, an increase of 1.36 billion in eight years. In 2018, the revenue and gross profit of Guangguang Media both declined, and the upward trend was temporarily stopped. Nowadays, most of 2019 has passed. Although Nezha has an eye-catching box office, the performance of Guangguang Media seems to be more severe than last year. In the first half of 2019, Enlight Media still attributed the decline in net profit to the increase in film operating costs.
China Merchants Securities pointed out that the huge changes in the industry in 2018 led to a sharp drop in the sales price of TV series on the sales side (TV station + video website), but some S-level dramas have begun to invest in the cost side, and there is a short-term "high cost, low income" mismatch phenomenon . Although the relatively stringent regulatory policies in the future will be long-term and continuous, after a whole year of transition, as the market digests a series of “events” and related policies in 2018, the remaining companies are expected to set sail again. The film and television companies themselves have sufficient information in the industry and have a certain degree of anticipation of market risks. The overall start-up situation in the first half of 2019 is not good. It is expected that there will be a significant start-up recovery in the fourth quarter of 2019 or mid-2020, and the cost of the project The control will be stricter, and the gross profit margin is expected to recover to a certain extent. (Zhongxin Jingwei APP)
