Behind Wang Yibo's rumor, the bumpy listing of Lehua Entertainment

13.09.2022

Number of this text: 1606, the reading time is about 3 minutes older

Introduction: Although Lehua Entertainment has suspended listing, it does not mean that they have given up listing, and they cannot be underestimated by the capital market. They are waiting for a suitable time. Crisis management.

Author | First Financial and Economics Le Yan

Beijing Lehua Yuan Entertainment Culture Communication Co., Ltd. (hereinafter referred to as "Lehua Entertainment") The company's head artist Wang Yibo was rumored to be an indecent incident yesterday. Today, Lehua Entertainment issued a statement to clarify and stated that this maliciousness was targeted at this malicious The company has reported the case to the public security organs today. At the same time, it will also commission a lawyer to submit a case for the case of Wang Yibo's reputation of rights protection (defamation) cases to the court today.

It is understood that Lehua Entertainment was established in June 2009. The main business is divided into four major sections: Lehua Music, Lehua Brokers, Lehua Film and Television and Lehua Variety Show. His Majesty has a number of well -known artists such as Wang Yibo, Han Geng, and Cheng Xiao.

As one of the head companies of the entertainment industry, Lehua Entertainment has always had a dream of listing. Public information shows that in September 2015, Lehua Entertainment was listed on the New Third Board. In March 2018, Lehua Entertainment delisted from the New Third Board. On March 3, 2018, Lehua Entertainment was counted before the listing of the Beijing Supervision Bureau of the China Securities Regulatory Commission, but the company voluntarily terminated listing counseling on May 26, 2021.

After a wave of twists and turns, on August 7 this year, Lehua Entertainment passed the listed hearing of the Hong Kong Stock Exchange. According to its prospectus and the company's public information, in 2019, artist management contributed 84%of the company's revenue, 87.7%in 2020. In 2021, the number increased to 91.0%. From 2019 to 2021, the total gross profit margin of Lehua Entertainment was 44.3%, 53.5%, and 46.6%, respectively. The prospectus shows that from 2019 to 2021, the operating income of Lehua Entertainment was 631 million yuan, 922 million yuan, and 1.290 billion yuan, respectively, with a compound annual growth rate of 43.0%; net profit was 119 million yuan, 292 million yuan, and 292 million yuan, respectively. 335 million yuan, a compound annual growth rate of 67.6%.

From the data of the prospectus, Lehua Entertainment highly relies on artist business, especially several top artists, and Wang Yibo is one of the company's main force. From the past few years of financial figures, it can be seen that in the past three years in the epidemic, net profit has been rising, and the compound annual growth rate is not very high.

Therefore, after the listed hearing of the Hong Kong Stock Exchange, Lehua Entertainment was considered "the first share of the artist's broker" at that time may be born. However, shortly after that, in the face of factors such as global inflation and anti -phase economic and epidemic, the capital market continued to sluggish, coupled with the continuous decline of the HSI, a large number of new shares broke, and after careful consideration, it decided to temporarily relieve the Hong Kong stocks temporarily. IPO.

"Lehua Entertainment is not to give up listing, but to choose a suitable time to go public. Lehua Entertainment, who has experienced delisting before, should understand that the reality of the capital market and the impact of the stock market environment on the outside world. The market value and stock price are underestimated. "Some people approached.

According to public information, in April this year, the Fenghua Qiu Shi, which belongs to the Luhan and Black Panther Band, submitted a listing application to the Main Board of the Hong Kong Stock Exchange. Previously, on January 22, 2021, September 27, 2021, and November 2021 On the 15th, Fenghua Qiu Shi submitted a listing application to the Hong Kong Stock Exchange three times, but none of them went further. In addition, the father of "Good Voice of China" Xingkong Huaen, after the offering of the prospectus in November 2021, once again impacted the Hong Kong Stock Exchange in May this year.

"Lehua Entertainment hopes to have the idea of ​​capitalization for many years, and its financing demand can be understood. At present, there are so many artists who have been compared with the company. Once the artist has a problem or the relevant policies are tightened, Lehua Entertainment will face a lot of challenges in the future. "

First interview with reporters of the First Financial and Economic Reporter learned that Wang Yibo is currently the top flow in the circle and one of the "facade" of Lehua Entertainment. If his image is damaged, there will be a series of troubles in the future, including compensation for endorsement, not broadcasting, not broadcasting. The handling of the work, the sealing of the program, etc. This is not just a matter of an artist. These top artists, most of the works performed are S+ -level projects given by major production companies and platforms such as iQiyi, Youku, and Tencent. These projects have invested hundreds of millions of yuan. If the artist occurs, it will lose. At that time, the compensation and follow -up processing of the artist and the economic company will be very troublesome. In particular, some unsatisfactory works or recorded programs will also involve other artists who have participated in the performances, so that the entire film and television drama may have to shoot again, AI face -to -face or simply give up, and these will involve a lot of funds. At the current subtle stage of Lehua Entertainment, there are negative rumors of the top artists under the leading IPO, and crisis management must be performed. However, the entertainment industry should note that it is necessary to return to the essence of performing arts and make better works instead of purely brushing data and traffic. Practitioners and investors should make the industry develop healthily.

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