Lugang Culture's net profit decreased by 9.46% in the first half of the year, resulting in a loss.

recently, Jiangsu Lugang Culture Co., Ltd. disclosed its 2017 semi-annual report. During the reporting period, while doing a good job in the textile industry, the company increased investment in film and television culture to achieve the common development of the textile and film and television industries. During the reporting period, the company achieved sales revenue of 1.6 billion yuan, an increase of 20.2% over the same period last year, and a net profit of 73.11 million yuan, a decrease of 9.46% over the same period last year.

in the film and television section, during the reporting period, Shichang, a wholly owned subsidiary of Lugang Culture, and Tianyi, a holding company, produced and distributed a number of high-quality films and TV dramas, and actively expanded their film distribution business.

during the reporting period, Century Changlong and Tianyi Film and Television gave full play to their respective advantages, produced and distributed a number of excellent quality film and TV dramas, and actively expanded their film distribution business.

during the reporting period, the TV series "Legend of the Dragon Ball" was broadcast on Beijing Satellite TV and Anhui Satellite TV with good ratings, with more than 6.5 billion hits so far. At the same time, Tianyi Film and Television produces expected revenue for satellite TV and ground distribution of TV dramas such as "Flowers like Dreams" and "Iron Blood Bodyguards". During the reporting period, the TV series "good Life" and "your first name and my Last name" and the TV series "Don't think too much if you Love me" are expected to be released in the second half of the year, laying the foundation for the completion of profits for the whole year. In addition, more than half of the TV series "one step to the Sky" has been filmed and completed in the second half of the year. The TV series "the decisive Court" and "Cao Cao" are also under active preparation to lay a good foundation for their achievements next year and the year after next. At the same time, Tianyi Film and Television began to get involved in film production and distribution, and projects such as "the rebirth of the Jedi" and "my name is Panda" began to be prepared to explore new profit growth points.

in the first half of 2017, Century Changlong filmed TV dramas such as "Beacon Fire" and "if Paris is unhappy" according to the plan at the beginning of the year.

the TV series Beacon Fire Resistance has been recommended by the State Administration of Radio, Film and Television as one of the six reference plays to celebrate the 90th anniversary of the founding of the army. During the reporting period, Century Changlong focused on the film distribution business, and the film "Ultimate Secret Service: the Ultimate return", which participated in global sharing, finally grossed 1.128 billion yuan at the box office after it was released in China in early 2017, which will bring some revenue to the company. In the first half of the year, Century Changlong has been looking for new business development, and has contacted and discussed with the relevant parties of many films such as "Transformers 5" and "the Legend of mackerel beads" many times, but finally chose to give up because of price and other problems. At the same time, during the reporting period, the company first dabbled in "P Film" and bought out the film "Guardian of the Century", but in the end, due to poor box office, resulting in a certain loss. In the second half of the year, we will step up the shooting and distribution of TV dramas such as "Let you float like a Dream", "Tang Ming Huang" and "divorce cost". At the same time, we will step up efforts to seek the cooperation intention of other films, and strive to find suitable projects to cooperate in the second half of the year, so as to achieve the annual profit target.

the company firmly grasps the good period of the vigorous development of new media of online drama to speed up the development and production of online drama. During the reporting period, the company successfully completed the shooting and post-production of the online drama "Mokexing". At present, it has reached a purchasing intention with relevant video websites and is expected to be sold in the second half of the year. At present, we are making all-out preparations for the development and production of online dramas such as "touching Jinyi", "Wulin Street" and "Toutiao Xingwen", so as to make them into benchmarking works in the industry and obtain corresponding benefits. At the same time, in order to improve the efficiency of raising funds, the company participated in the production and distribution of many online dramas such as "desperate in Macau", "Detective tenants", "Kung Fu Girl" and so on. At the same time, after raising funds to supplement liquidity, he participated in films such as "Action of the Red Sea", "Rhapsody", "Sahara" and "beloved Van Gogh". In particular, Operation Red Sea is expected to be released this year, which will bring certain economic and social benefits to the company.

the company's film and television business is divided into three directions: the production and distribution of traditional TV dramas, the investment and distribution of films, and the development, production and distribution of new media such as online dramas. At present, the relevant companies have wholly-owned subsidiaries Century Changlong, Lugang Interconnection Film and Television and 51% of Tianyi Film and Television.

Century Changlong specializes in the planning, production and distribution of films and TV dramas, the excavation and training of film and television artist brokers, and the operation of film and television bases.

TV drama business is the pillar business of the century, which has the richest resources, experience, first-class production, publicity ability, good reputation and reputation in this field. At present, a series of high-quality projects have been produced, such as "male obstetrician", "good-bye wife", "Tianya naked heart", "Tianya woman's heart", "Marshal Peng Dehuai", "Hakka", "South Shaolin", "Mother's wife" and so on. In terms of movies, Century Dragon has established a cooperative relationship with six major Hollywood film production companies to invest in and distribute imported Hollywood films such as Sherlock, Jack, the League of Spies, and extreme agents 3. In the coming century, Changlong will continue to expand its cooperation with film production companies in Hollywood and other countries to provide more high-quality works for the big screen.

Tianyi Film and Television's main business is production, reproduction and distribution: special topics, columns, variety shows, animated films, radio dramas and TV dramas; network drama production, reproduction and distribution; film production and distribution; film and television costume leasing; film and television equipment leasing; film and television cultural information consultation; corporate image planning; convention and exhibition services; photography services; production, agency, release; film and television advertising. Tianyi Film and Television has high attainments in TV drama production and has a good reputation in the industry. At present, it has produced films and TV dramas such as "Wang Dahua's Revolutionary career", "my Commander my Regiment", "Soldier assault", "the Gate of Holy Heaven", "Dragon Ball Legend", "Iron Blood Bodyguard" and so on. After the successful acquisition of Tianyi Film and Television in 2015, the company has further enhanced the production and distribution capacity of the company's film and television business, and introduced new upstream and downstream resources of the film and television industry, which will help to enhance the comprehensive strength of the company's film and television business, improve the performance contribution of the film and television business segment, and further enhance the overall competitiveness of the company. In the next step, Tianyi Film and Television will also gradually expand its business scope, and gradually involve the production and distribution of films on the basis of doing a good job in traditional TV dramas. Lugang Internet Film and Television mainly focuses on the production and distribution of Internet film and TV dramas. At present, it has finished producing the online drama "Mokewalk". The next step is to speed up the production and distribution of online dramas such as "Toujin Jin", "Wulin Street" and "headline Star News".

in the production, operation and distribution of film and television cultural content, subordinate Century Changlong and Tianyi Film and Television Company have rich experience and extensive upstream and downstream channel advantages. It has a good cooperative relationship with many well-known domestic production, distribution companies and professional studios, and has a high reputation in the industry. At the same time, with its own market and brand advantages, it has established a long-term, stable and in-depth cooperative relationship with senior screenwriters, producers, directors, actors and other practitioners in the industry.

the company has taken Internet film and television as a key development strategy in the future, and has invested no more than 700 million yuan of non-public offering funds for the development and production of Internet film and television projects. Implementation of projects such as the acquisition of new media copyright. The company's Century long Line, Tianyi Film and Television, as a senior production company, has a good grasp of its sensitivity to the theme of film and television works and audience preferences, and will launch Internet film and television projects faster and better in the future.

the company has rich reserves of IP resources. The company's super online drama will be produced with the help of video website big data analysis, super IP adaptation, big creator, big star, big input and user participation, bind the original author and his screenwriter team, maximize the essence of the original work, learn from Hollywood drama production experience, and introduce overseas technical teams to participate in the production to create high-quality Chinese super online dramas. In terms of distribution channels, two-way integration of the main domestic network platforms and traditional media, on the basis of the company's original traditional media distribution experience, strengthen new media distribution, feed traditional media with new media, and properly combine overseas distribution platforms. to ensure the smooth distribution of super online dramas.

A number of TV dramas shot by the company have won excellent ratings and created good results. After the broadcast, "the long March of my Mother and me" won the Outstanding Award of Guangxi broadcast of the year. Male Obstetrician won the second prize of Fujian Radio and Television Art Award in 2014. "Tianya Women's Heart" won the second prize of excellent TV series in the 2015 Fujian Radio and Television Art Award. The TV series "the Revolutionary career of Wang Dahua" won the 28th Golden Eagle Award for excellent TV series. The TV series "the Fire of Resistance" has been recommended by the State Administration of Radio, Film and Television as one of the six reference plays to celebrate the 90th anniversary of the founding of the army.

Edit: xiongwei