The box office of the movie drives the overall revenue of Huaqiang Font to rise. The follow-up IP needs to be strengthened.

Huaqiang Font said that in the first half of 2017, on the one hand, the company persisted in market demand-oriented, increased creativity and investment in new projects, and the company's internal management and brand awareness were greatly improved. On the other hand, actively expand including animation, film and television, cultural derivatives, brand authorization and other derivative business, to create a special cultural and entertainment ecosystem.

it is worth noting that the semi-annual report shows that Huaqiang Fangte's main business income consists of two major parts. during the reporting period, the operating income of the culture and technology theme park business was 1.163 billion yuan, a decrease of 170 million yuan compared with 1.333 billion yuan in the same period last year, a decrease of about 15%, while operating costs increased by 35% to 417 million yuan from 309 million yuan in the same period last year. Revenue from cultural content products and services totaled 643 million yuan, an increase of 546 million yuan, or 56.3%, over 97 million yuan in the same period last year.

the revenue of the cultural content product service business has soared, mainly due to the box office breakthrough of 523 million yuan in the special film "Bear in Fantasy Space". According to industry insiders, Huaqiang Font did not follow the path of some domestic theme parks with real estate projects as the main profit point, but learned Disney's business model with IP as the core. Huaqiang Font owns the domestic animation brand Bear, after the box office of the Bear-haunted Bear Race was released in January 2014. the box office of "Bear haunted Snow Ridge" grossed 295 million yuan, setting a new box office record for a domestic animated film. However, in addition to the "bear haunt", Huaqiang Fangte to create the IP has not yet achieved outstanding popularity, the follow-up IP needs to be enhanced.

the" Disclosure of accounts Receivable Classification "in Huaqiang Fangte's semi-annual report shows that Huaqiang Fangte has a major provision for bad debts of 404 million yuan, accounting for 97.31% of the book balance. Huaqiang Fangte disclosed "the top five accounts receivable according to the final balance collected by the defaulting party." the top three debtors are Changsha Yanhuang Culture and Technology Co., Ltd., Jiayuguan Silk Road Culture and Technology Co., Ltd., and Letv Film (Tianjin) Co., Ltd., with arrears of 154 million yuan, 94.7 million yuan and 66.15 million yuan respectively.

in May this year, in the 2016 Global theme Park Survey report jointly released by the American theme Entertainment Association (TEA), a world theme park authority, and the US AECOM Group, Huaqiang Fangte theme park received a total of 31.639 million visitors, an increase of 37% over the same period last year, jumping from eighth in 2015 to fifth in the ranking. At present, there are more than 20 theme parks under Fangte's flag, which are divided into four independent parks: "Fangte Happy World", "Font Dream Kingdom", "Fangte Water Park" and "Fangte Oriental paintings". On December 28, 2015, Huaqiang Fangte was listed in the national stock transfer system of small and medium-sized enterprises.

Edit: mary