Financial News on January 16th Hong Kong stock Lehua Entertainment, "the number one artist brokerage stock", continues to fall today, currently down nearly 80%, and once fell by more than 80% during the session.
Lehua Entertainment Group is a cultural and entertainment platform mainly engaged in artist management, music IP production and operation, and pan-entertainment business. It has more than 60 artists, covering music, film and television, variety shows and other fields, and has about 1,100 original music works and more than Music IP library with 56,000 agent music works. The company is also actively expanding the virtual artist market. It is one of the earliest artist management companies in China to enter the virtual artist market and has cooperated to launch multiple virtual artist teams.
It is understood that the companyâs artists Wang Yibo, Cheng Xiao, Fan Chengcheng, Huang Minghao, Wu Xuanyi, Zhu Zhengting, Li Wenhan, Hu Chunyang, etc. are all well-known and famous artists in the entertainment industry, and they serve as mentors in variety shows, or as high-profile celebrities. Attention debut.
company's 2023 interim results, revenue of 365 million yuan (RMB, the same below), a year-on-year decrease of 25.2%; a loss during the period of approximately 176 million yuan, while a profit of 92.733 million yuan in the same period last year; adjusted net profit of 49.892 million yuan, year-on-year A decrease of 70.4%; basic loss per share was 0.22 yuan. The announcement stated that the revenue generated by the artist management business decreased by 26.6% from 435.3 million yuan for the six months ended June 30, 2022 to 319.4 million yuan for the six months ended June 30, 2023, mainly due to poor market conditions. , leading to a decrease in demand for the services provided by contracted artists.
