The net profit of film and television stocks rose and fell in the first half of the year. Serious TV series are expected to pick up.

at present, the performance of film listed companies is better than that of TV series listed companies, but the brokers are optimistic about the performance of TV series companies in the second half of the year.

original title: the net profit of film and television stocks rose and fell seriously in the first half of the year. Brokerage: the TV series sector is expected to pick up

which of the film and television stocks performed better in the first half of the year? The reporter comprehensively combed the 2017 semi-annual report of film and television companies, combined with the third-quarter performance forecast, trying to show the current situation of film and television companies this year, as well as the changes of their respective development paths.

the reporter found that there were 19 film and television companies with year-on-year revenue growth in the first half of the year, of which Perfect World had the largest increase, up 69.68% from the same period last year. And Wanda Film, the leading film and television company, continues the trend that a number of indicators occupy the leading position in the country.

at present, the performance of film listed companies is better than that of TV series listed companies, but the brokers are optimistic about the performance of TV series companies in the second half of the year. In response, a number of companies that have disclosed three-quarter earnings forecasts said they expected net profit growth in the third quarter.

< strong > China Television Media's net profit in the first half of the year increased 16 times < / strong >

from statistics, combing with reporters, among the A-share listed companies, there are 23 film and television listed companies involved. The overall situation of the 2017 semi-annual report is as follows: of the 23 listed film and television companies, 19 have increased their operating income compared with the same period last year.

among them, Perfect World's total income increased by 69.68% over the same period last year, making it the company with the largest increase in business income in the film and television stocks in the first half of the year. Contemporary Oriental and Central-South Culture ranked second and third with year-on-year growth of 67.44% and 54.08% respectively. There are four companies with year-on-year decline in revenue, including Huayi Brothers (revenue down 0.15%), Warburg Bainer (revenue down 20.19%), Ciwen Media (revenue down 22.33%) and Great Wall Film and Television (revenue down 55.94%).

in terms of net profit attributed to shareholders of listed companies, China Television Media ranked first with a growth rate of 1635.96% over the same period last year, while Beijing Culture, Central South Culture and Oriental Network also increased their net profits by more than 100% year-on-year, 279.44%, 191.20% and 131.01% respectively. There are eight companies with a year-on-year decline in net profit, of which Huanrui's net profit fell by 183.69% year-on-year, making it the film and television stock with the largest decline in net profit. Alpha Animation & Culture's net profit also fell 53.80% from the same period last year. In addition, the net profits of Warsaw Bainer, Contemporary Oriental, Ciwen Media and Shanghai Film fell by more than 10%.

< strong > Perfect World ranks the first echelon < / strong >

Wanda Film revenue and net profit have both increased. As of June 30th, the company has opened 455 cinemas and 4000 screens, still maintaining an absolute leading position in the country in terms of box office revenue, cinema attendance, market share and other indicators. Today, Wanda Film shares continue to be suspended and are planning to acquire film and television assets.

Perfect World has become the first echelon film and game company in China by virtue of game + film and television two-wheel drive, with an operating income of 3.588 billion yuan in the first half of 2017, and the net profit belonging to shareholders of listed companies is as high as 671 million yuan. Among them, the film and television business increased by 94.45% over the same period last year, nearly doubling.

Huayi Brothers' performance in the first half of the year was significantly better than that of last year, with net profit increased by 42.12% and net profit after deducting non-profit also increased by 44.27%. Real-life entertainment has a harvest trend after many years of layout. The operating revenue of the company's brand authorization and real-scene entertainment sector is 198 million yuan, an increase of 77.54% over the same period last year. However, compared with the main film and television production, except for "wrestling!" The counterattack of "Dad", other films such as "Crazy Mountain pry Beauty", "the demise of Romance", "Warcraft" and "Beautiful Accidents" are relatively mediocre.

"Guozi Tou": the performance of Chinese films and Shanghai films, which also landed on the A-share market last year, was relatively lacklustre in the first half of the year. The net profit of Chinese films dropped slightly by 0.73%, while the net profit of Shanghai films dropped by 13.1%.

< strong > suggest paying attention to the TV series section < / strong >

it is worth mentioning that from the overall 2017 semi-annual report, the performance of film listed companies is better than that of TV series listed companies. In the TV drama industry, the homecoming net profit of Ciwen Media, Warsaw Bainer and Huanrui Century all declined compared with the same period last year, and the home net profit of Huatze Film and Television and Tangde Film and Television only increased by single digits.

however, the reporter thinks that the TV series sector will pick up obviously in the second half of the year. 'We believe that the performance of TV series companies will gradually achieve high performance growth in the third or fourth quarter, and the film and television sector will gradually pick up, 'said Guojin Securities' 2017 semi-annual report of the media industry. It is estimated that the number of paid video users will grow to 250 million yuan in 2020, and the market size will grow to 60 billion yuan, which will give birth to more boutique dramas and benefit the leading film and television companies.

at the same time, six film and television companies have released three-quarter results forecasts, of which Alpha Animation & Culture's net profit is expected to decline by 30% compared with the same period last year, the other five companies have increased in advance. Oriental Network expects net profit to grow by 176.31% year-on-year in the third quarter, while Central and South China Culture expects to grow by 100% in the first three quarters compared with the same period last year. Wanda Film and Great Wall Film and Television both forecast an increase of about 20% in the first three quarters, while Ciwen Media expects the largest net profit growth of 9.61% in the first three quarters.

Edit: mary