China Fund News Reporter Yishan
html On June 23, the well-known actor Ren Jialun announced that he would not renew his contract with Huanrui Century when his contract expired, triggering heated discussions among netizens, and related topics once topped the hot search list.It is reported that Huanrui Century is a film and television group company listed on the A-share main board. Ren Jialun signed a contract with Huanrui Century in 2017. The two parties have collaborated on popular TV series such as "Glory of the Tang Dynasty", "Under the Brocade" and "Tianji: The Legend of the White Snake". drama.
Officially announced that the contract will not be renewed upon expiration, and became a hot topic
html On the morning of June 23, actor Ren Jialun and his studio successively posted on Weibo, officially announcing that the contract with the original agency Huanrui had expired and would not be renewed.Among them, Ren Jialun said: "Cherish the past and remember the good things. Keep the love and rush to the future!"
Huanrui's agent also responded to this matter: "I have witnessed your growth and gains along the way, and I wish Ren Jialun a bright future. , everything goes well.”
After the news broke, it quickly aroused heated discussions among netizens. The Weibo topic "Ren Jialun officially announces his departure from Happy Century" once topped the list of hot searches. As of press time, this topic is still ranked seventh on the list, with 200 million views, 246,000 discussions, and 517,000 interactions. The official announcement released by Ren Jialun himself also received more than 460,000 retweets and more than 130,000 comments.
Public information shows that Ren Jialun was born in April 1989. His real name is Ren Guochao, and he is an actor and singer from Mainland China. In 2017, he signed a contract with Huanrui Century. Soon after, he starred in the ancient legendary drama "Glory of the Tang Dynasty" and won the Best Actor Award at the 4th "Wenrong Award" for his role as Li Chu. Since then, he has also starred in the mythological drama "Legend of the White Snake", the spy drama "Autumn Cicada", the costume drama "Under the Brocade", "Weng Sheng Ru Gu", the anti-drug drama "Don't Say Goodbye", etc. On the Weibo platform, Ren Jialun currently has over 25 million fans.
According to Tianyancha, Ren Jialun serves as the legal representative of 6 companies, and currently only 2 companies exist, namely Shanghai Zhihe Culture Media Co., Ltd. and Xiangshan Ping Pong Culture Media Studio.
Huanrui Century’s stock price fell by more than 38% during the year
Huanrui Century is a film and television group company listed on the A-share main board. Official website information shows that the company's current business covers the investment, production and distribution of film and television dramas, as well as artist management, derivatives development, etc.
In terms of film and television drama production, popular dramas produced by Huanrui Century include "Tomb Raiders Notes", "Glory of the Tang Dynasty", "Under the Brocade", "Agarwood Like Chips", etc. Films that have participated in joint investment include "Revolutionaries", "Changjin Lake", "Changjin Lake: Shuimen Bridge", "Bear Infested: Return to Earth", etc. In terms of artist management, after Ren Jialun's contract was terminated, the company currently has signed artists such as Cheng Yi, Zhang Yuxi, Hou Mengyao, Zhang Rui, and Liu Xueyi.
Judging from the financial report data, the company's performance declined in 2023, with a net loss attributable to the parent company of 397 million yuan, a year-on-year decrease of 2312%. In terms of revenue, Huanrui Century achieved operating income of 336 million yuan last year, a year-on-year decrease of 43.67%. Among the specific revenue components, except for artist brokerage income, which increased by 13.18% year-on-year, the rest all declined year-on-year. For example, sales revenue from film and television dramas decreased by 48.89% year-on-year, variety shows decreased by 100% year-on-year, and e-commerce decreased by 70.44% year-on-year.
In the first quarter of this year, Huanrui Century achieved revenue of 71.8463 million yuan, a year-on-year increase of 32%; net profit attributable to the parent company was 14.8818 million yuan, a year-on-year increase of 88%.
According to the announcement released by Huanrui Century on June 21, as of 24:00 on June 20, the cumulative box office revenue (including service fees) of the movie "I Don't Want to Be Friends with You" invested by its wholly-owned subsidiary has exceeded 1.68 billion, exceeding 50% of the company’s operating income in the company’s audited consolidated financial statements for the most recent fiscal year. The company made an announcement in accordance with the relevant regulations of the Shenzhen Stock Exchange.
However, Huanrui Century pointed out that the company’s revenue from the film was approximately 60,000 yuan (the final settlement data may have errors). Since the company's investment ratio in the film is relatively low, the film's earnings will have little impact on the company's overall operating conditions. Investors are hereby reminded to pay attention to investment risks.
Judging from the stock price performance, Huanrui Century has been in a state of shock and decline during the year. As of the close on June 21, it was trading at 2.53 yuan per share, a drop of more than 38% during the year. The company's latest market value is approximately 2.5 billion yuan.
wind data shows that since the second quarter, the number of shareholders of Huanrui Century has also shown a decreasing trend. As of June 20, the total number of shareholders of the company has dropped to 37,000.
Editor: Xiaomo
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