The market value of light media has shrunk by 6.8 billion yuan in two trading days

On the evening of December 12, Beijing light media Co., Ltd. (hereinafter referred to as “light media”) announced that as of October 11, 2020, the company’s operating income from the film “Jiang Ziya” ranged from 360 million yuan to 400 million yuan. According to the

, the Jiang Ziya film has been shown for Chinese mainland 11 days as of 24 October 11, 2020. The total box office income (including service charge) is about 1 billion 456 million yuan (the final settlement data may be error), which exceeds the 50% of the consolidated financial statements of the company in the latest accounting year. The company issues this announcement in accordance with the relevant provisions of “Shenzhen Stock Exchange gem industry information disclosure guidelines No. 1 – listed companies engaging in film and television business”. < p > < p > in the light day, the company’s operating income range from 360 million yuan to 400 million yuan (the final settlement data may have errors). At present, the film is still on sale, and the box office revenue in Chinese mainland is based on the data of China Film Publishing Co. Ltd., and the sale of copyright in Chinese mainland and the distribution income of overseas areas have not yet been settled. < p > < p > ray media also said that there may be differences between the business income such as box office income of the film and the actual business income that can be recognized by the company (including but not limited to the income calculated according to the confirmed box office income and the corresponding accounting method and other income) after the film is released in the cinema and cinema. We hereby remind investors to pay attention to the above risks. < p > < p > according to the annual half year report of Guangming, the revenue in the first half of the year was 259 million yuan, with a year-on-year decrease of 77.86%. The net profit was 29.572 million yuan, with a year-on-year decrease of 80.46%. After deducting the non net profit, the loss was 131.876 billion yuan, down 119.22% year-on-year. < / P > < p > Zhongxin Jingwei client has found that up to now, ray media has made 360 million to 400 million yuan from just one film of Jiang Ziya, and the revenue of a single film is nearly 150 million more than the total revenue of 259 million yuan in the first half of the year. In addition, on August 28, ray media also issued an announcement saying that the film “eight hundred” produced by its wholly-owned subsidiary, in one week after its release, the accumulated box office revenue (including service fee) was about 1.434 billion yuan (the final settlement data may have errors), which was more than 50% of the company’s operating income in the audited consolidated financial statements in the latest accounting year. As of August 27, 2020, the company’s operating income (currently box office revenue) from “eight hundred” is about RMB 30 million to RMB 36 million (the final settlement data may have errors). The stock price of Jiang Ziya fell 10 months before and 10 months after the release of “Jiang Ziya”, which was worth noting for 10 months. In particular, on the first trading day after the festival on October 9 and the first trading day after the National Day Mid Autumn Festival holiday, the light media opened low and then dived. In the session, it fell 17.17% to 13.8 yuan, the biggest drop since its listing in 2015, and its stock price hit a new low in nearly two months. The share price fell 13.57% on the same day, with the latest total market value of 42.2 billion yuan, 6.6 billion yuan less than the closing market value of the last trading day before the festival. < p > < p > according to the analysis of every film and television report, Jiang Ziya, which was once a big hit, was a bit unexpected. Since its release, its reputation has been falling continuously, and its box office has also taken the lead from the two days before the national day, and finally ranked second. As the main investor and controller, the stock price of light media fell sharply. Pu Limin, senior analyst of Yien data solution center, pointed out in an interview with Zhongxin Jingwei reporter that although the performance of Jiang Ziya was not as expected, it also showed the courage of the production team to seek innovation and change, further expanded the subject boundary of Guoman and played a positive guiding role in the market development. Secondly, the supportive role of IP was limited, and the technology showed It’s just the foundation. If the domestic animated film wants to break through, the story is still the core. In the final analysis, Jiang Ziya failed to hold up the grand world outlook proposition because the plot is slightly weak. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. 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