Huace Film and Television Half -annual report: 240 million net profit, and the cash flow of business activities dropped more than 80 %

Zhongxin Jingwei, August 24th (Lei Zongrun) Recently, Zhejiang Huace Film and Television Co., Ltd. (hereinafter referred to as Huace Film and Television) released the first half of the 2022.

The annual report shows that Huace Film and Television, as the "first share of Chinese TV series" in 2022, reduced revenue and increased profit in the first half of the year, achieving revenue of 1.187 billion yuan, a decrease of 39.50%from the same period last year; The year of the same period increased by 2.64%; the net profit of the non -non -non -returned mother was 203 million yuan, an increase of 27.52%over the same period last year.

The cash flow of business activities dropped by 83.86%, and the copyright business drove performance growth

Specifically, the net cash flow generated by operating activities was 180 million yuan, a decrease of 83.86%over the same period last year; TV drama sales revenue was 1.015 billion yuan, a decrease of 33.69%over the same period last year. The decrease of 59.41%; the box office revenue of the theater was 0.13 million yuan, a decrease of 38.64%over the same period last year; the brokerage business revenue was 45 million yuan, a decrease of 38.07%over the same period last year; the advertising revenue was 07 million yuan, a decrease of 87.20%over the same period last year.

Regarding the significant decline in revenue, Huace Film and Television mentioned in the financial report that due to the extraction of the epidemic, some TV drama projects were launched, shooting, examination, and evidence collection. The project was delayed until the second half of the year, which led to a significant decline in the operating income period of this reporting period, which caused the cash flow of operating activities to decrease significantly compared with the same period last year.

However, in the case of a sharp decline in the main business income, Huace Film and Television still achieved a net profit of home by 2.64%compared with the same period of the previous year. Huace Film and Television explained in the financial report that during the reporting period, the company's copyright operation, international high gross profit business, and investment and wealth management income have achieved rapid growth, thereby achieving the company's overall profit growth.

According to the financial report, in the first half of 2022, the subsidiary of Huace Film and Television's copyright operating subsidiaries realized a net profit of 34.858 million yuan, an increase of 51.55%year -on -year, and it has become the fastest growing ecological business.

The financial report shows that the net cash flow generated by Huace Film and Television Investment activities was -985 million yuan, an increase of 413.17%over the same period last year, mainly due to the increase in the company's purchase of wealth management products in the previous period. At the same time, investment income reached 9.8124 million yuan, an increase of 314.78%over the same period last year.

The sales of film and television dramas decreased by 33.69%, and shareholders reduced their holdings by 1.31%of the shares

From the financial report, the scale of Huace Film and Television Series in the first half of 2022 declined significantly compared with last year. According to the 2021 semi -annual financial report, Huace achieved 13 premiere TV series in the first half of last year, of which 4 of them occupied the top 10 broadcast platforms, and only 4 premiere TV dramas were achieved in the first half of this year. This directly led to the sales revenue of TV drama as the main business decreased by 33.69%year -on -year to only 1.015 billion yuan.

Specifically, of the 4 TV series that was first launched in the first half of 2022, only two of the two "Knowing with the Jun Chu" and "just the old people's return" broke through the popularity of Youku platform TV dramas and the historical record of membership conversion rates, which gained a good popularity. During the reporting period, the film "If I will leave you one day" was released on March 11. According to the professional version of Cat Eye, the cumulative box office was only 4.323 million.

According to the financial report, Huace Film and Television is rich in film and television drama reserves in the second half of 2022, including dozens of episodes such as "Our Ten Years", "Walking to the Wind" and "Going to the Wind". On the other hand, the withdrawal of the overseas Chinese film "Return to Wanli" will be released in the second half of the year. At the same time, IP series such as "Detective Conan" and "Gintama" will be introduced one after another.

In addition, Huace Film and Television actively deployed the business of going to the sea. In the financial report, the company's overseas new media "Hua Theater" channels have exceeded 50, and overseas users have subscribed to more than 11 million. Translation service. During the reporting period, the international issuance business achieved a contract of more than 15 million US dollars, and the international new media business added 5 accounts. Overseas users watched more than 920 million minutes, and video interaction exceeded 16.473 million times.

It is worth noting that during the reporting period, according to Huacze Film and Television on July 18, shareholders Fu Meicheng, Hangzhou Dcea Investment Co., Ltd., and Fu Binxing reduced their holdings of 24.751 million shares of Huace Film and Television, which accounted for the company's ordinary shares. The share capital ratio is 1.31%. The reduction price range is 6.26-6.73 yuan/share, with a total of about 155 million yuan.

As of the close of August 24, Huace Film and Television's stock price reported 4.78 yuan/share, down 1.44%, with a total market value of 9.09 billion. (Zhongxin Jingwei APP)

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Editor in charge: Luo Yan

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