Who will be the most profitable company in the film and television industry for three quarters?
among the 25 listed film and television companies, 4, such as Leeco, lost net profit in the first three quarters.
three quarterly reports largely determine the performance of the whole year. At present, many listed film and television companies will show losses in 2017, including some "star companies" with high attention.
among the 25 listed film and television companies counted by reporters, four listed companies, including Leeco, Storm Group, Huanrui Century and Guangdong Media, recorded losses in the first three quarters of net profit.
third-quarter results of loss-making media enterprises Source: company announcement (unit: 100 million yuan)
among them, Leeco has the largest loss. According to the third quarterly report, the company's revenue in the first three quarters was 6.095 billion yuan, down 64% from the same period last year. The net profit lost 1.652 billion yuan. The amount of this loss also set a "new high" for media companies. Leeco said that in the first three quarters, affected by related party debt and capital shortage and liquidity storm, it had a negative impact on the company's reputation and credibility, and advertising revenue, terminal revenue and member income all declined significantly. It is estimated that the cumulative net profit attributable to the company's shareholders for the whole of 2017 will be a loss.
it should be noted that if Leeco continues to lose money in 2017, it will be the second year in a row that Leeco has lost money after 2016. Leeco will be given the title of ST next year, when its limit will be adjusted from 10 per cent to 5 per cent. At present, institutions, including major funds, have lowered the target price of Leeco. A number of public offering funds of Zhongkang Leeco, including China Post Fund, collectively issued an announcement to lower its valuation, with an adjusted share price of only 7.83 yuan. The price is almost halved compared with Leeco's share price after the dividend is removed. At present, Leeco is still in the suspension stage, some market participants said that Leeco, which has not yet resumed trading, will be the largest landmine on the gem.
in addition, Huanrui Century suffered a net loss of 20.5342 million yuan in the first three quarters, compared with a profit of 80.9813 million yuan in the same period last year, due to lower-than-expected investment in the Weekly broadcast Theater of Beijing Satellite TV and Anhui Satellite TV. The operating income was 432 million yuan, an increase of 31.01% over the same period last year. As a backdoor listing of less than a year of "secondary new shares", Huanrui century is still in the performance commitment period. At the time of backdoor, as a performance commitment, Huanrui said that the net profit attributed to the parent company in 2017 would not be less than 290 million yuan, and the non-net profit would not be less than 270 million yuan. According to the current situation, Huanrui Century needs to complete a net profit of 310 million yuan in the fourth quarter.
since October, Huanrui has quickly signed a number of TV series sales orders, including "Legend of the White Snake" and "Tomb robbing Notes 3", with a total license fee of 618 million yuan. At this rate, it is not impossible for Huanrui to turn losses into profits at the end of the century.
of the four losers, Storm Group is probably the best. Although the net profit loss was 108 million yuan, the net profit after deducting non-recurrent profit and loss reached 2.975 million yuan, achieving the first profit. In the first three quarters, Storm Group achieved revenue of 1.274 billion yuan, an increase of 41.99 percent over the same period last year. Stormwind Group said that due to the impact of factors such as price increases, Storm Commander Internet TV efficiency continued to grow and gross profit margin rose, making 2017 the first net profit since deduction.
in terms of movies, when it comes to the most profitable companies in the first three quarters, the influence is inseparable from the box office champion of Wolf Warriors 2. Cinema chains and producers, including Wanda Film and Beijing Culture, have achieved good results.
and the fastest increase in net profit in film and television stocks is Beijing Culture, which is the guarantor of Wolf Warriors 2. In the first three quarters of 2017, the company achieved revenue of 242 million yuan, down 5.5% from the same period last year, and realized a net profit of 18.92 million yuan, an increase of 31.6% over the same period last year. As it has not yet been lowered, "Wolf Warriors 2" revenue is not included in the third-quarter report. As of Oct. 30, "Wolf Warriors 2" grossed 5.3 billion yuan, and it is estimated that "Wolf Warriors 2" will generate more than 150 million of the company's net profit in the fourth quarter. Relying on Wolf Warriors 2, Beijing Culture may become the fastest growing film and television company in 2017.
for film and television production enterprises, Huayi Brothers recorded an income of 2.419 billion yuan and a net profit of 669 million yuan. In addition to film and television production and distribution, Huayi Brothers has found another profit growth engine: the film and television town. The third quarterly report revealed that the film and television entertainment sector achieved 1.8 billion yuan in revenue in the first three quarters, an increase of 13 percent over the same period last year. The revenue from brand licensing and live entertainment, that is, the film and television town, has also reached 360 million yuan, a year-on-year increase of 204%. According to Huayi Brothers insiders, in Huayi Brothers' film and television town, Haikou's film and television town has been open for more than two years, and the next film and television town to open soon is located in Suzhou. In addition, Changsha, Xichang, Zhengzhou, Nanjing and other projects have entered the state of construction.
the past performance growth rate of Wang Guang Media has been mediocre this year. According to the third quarterly report, the company achieved revenue of 1.549 billion yuan in the first three quarters, an increase of 30.52 percent over the same period last year, and a net profit of 628 million yuan, an increase of 8.28 percent over the same period last year. However, net profit after deducting non-recurring profit and loss was 453 million yuan, down 2.85% from the same period last year. In the third quarter, the company's net profit fell by 12%. The film selection ability that Light Media used to be proud of no longer exists. Since the beginning of this year, Light Media has missed the guaranteed release of Wolf Warriors 2, while works such as the dedication of suspect X and the Ten Mile Peach Blossom have ended up being mediocre at the box office. In terms of capital operation, Light Media successively acquired Zhejiang Qiji and Maoyan Culture, which contributed 175 million yuan in non-recurrent profits and losses in the first three quarters. If there is no Zhejiang gathering and cat's eye culture escort, Light Media's financial statements will be very "ugly".
in terms of TV dramas, except for Huanrui Century, which lost money due to unfavorable investment, the performance of other TV drama production companies is relatively stable. Huatze Film and Television is the number one company in TV series with an income of 2.497 billion yuan and a net profit of 303 million yuan. During the reporting period, the main online dramas that contributed profits were "time knows" and "self". It is reported that in the first three quarters, Huatze Film and Television has three episodes in the top 10 of satellite TV ratings.
Fang Ciwen Media, which belongs to the same first-tier TV series, earned 562 million yuan in the first three quarters and made a net profit of 153 million yuan, of which the net profit increased by 6.93%. Hit shows such as "We are Young", "the decisive Battle of Jiangqiao" and "the full Moon in that year".
generally speaking, there is no major black swan incident in the film and television stocks in the three quarterly reports. the overall performance of individual stocks in the industrial chain of the film industry is warming, while TV companies "tread on thunder" frequently. From the perspective of the specific situation of "stepping on thunder", it is more likely to break through the traditional marketing model to find a new growth point when the forecast is too optimistic and the performance pain. Next, there will be a lot of blockbuster films coming out one after another, which will become the focus of the film and television industry in the fourth quarter.
Edit: mary