Tangde Film and Television's net profit fell by 72% in the first quarter, the decline in TV drama revenue during the same period was the main reason

Original title: Tang De Film and Television's share price fell by more than 20% during the year. Zhao Wei and his brother's market value evaporated by 250 million yuan

. Entering 2016, Zhao Wei's "stock trading career" does not seem to improve. Taking Tang De Film and Television, which she holds, as an example, Zhao Wei holds more than 2.33 million shares of the company, and the stock price of the stock has dropped by more than 20% since the beginning of this year. Based on this calculation, Zhao Wei's fortune has evaporated by 39.61 million yuan. The total market value of his shares with his brother Zhao Jian evaporated as much as 250 million yuan.

Tang De Film and Television's share price fell 20% during the year. Star shareholders suffered heavy losses

due to the bleak stock market, many stars also suffered heavy losses. Among them, Zhao Wei, who had Ma Yun behind the scenes, was not spared. Tang De Film and Television's quarterly report shows that Zhao Wei holds more than 2.33 million shares of the company. As of the last trading day on March 25, Tangde Film and Television's share price has fallen more than 20% this year, falling more than 17 yuan per share. According to the reporter's rough calculations, Zhao Wei has lost 39.61 million yuan this year due to her possession of Tang De Film and Television. At the same time, Zhao Wei's brother Zhao Jian, as the second largest shareholder of Tangde Film and Television, holds 12.8 million shares of the company, and the cumulative market value of the shares held by the brothers and sisters has evaporated by about 250 million yuan.

In fact, it is not only Zhao Wei who has lost her fortune due to the decline in Tang De Film and Television's share price, Fan Bingbing also suffered heavy losses. Data shows that Fan Bingbing holds nearly 2.58 million shares of Tang De Film and Television. Based on the book market value of the stock, holding Tang De Films has wiped Fan Bingbing's fortune by more than 40 million yuan.

In addition, actor Zhang Fengyi also appeared on the shareholder list of Tangde Films for the first quarter, becoming the company's third star shareholder, holding 1.14 million shares of Tangde Films, and the market value of his shareholding evaporated by about 19.4 million yuan this year.

fact, judging from the recent capital actions of Tangde Film and Television, it is not difficult to see that the company attaches great importance to star shareholders. Recently, Tangde Film and Television announced that it is planning to acquire a 51% stake in Wuxi Aimei Film and Television Culture Company, a subsidiary of Fan Bingbing, in cash. Data shows that Aimei was established on July 30, 2015 with a registered capital of 3 million yuan. Some analysts pointed out that according to the criteria for identifying material asset reorganizations in the "Measures for the Management of Material Asset Reorganizations of Listed Companies", the valuation of 100% equity of Aimeshen may be as high as 840 million yuan, or even 1.37 billion yuan.

Some analysts pointed out that the acquisition of Tangde Films is a win-win move for both listed companies and celebrities. From a star's perspective, securitization can double its own value. A P/E ratio of more than 10 times means that it has withdrawn its earnings for the next 10 years in advance. From the perspective of listed companies, binding star resources also allows the company to have a story to tell in the secondary market, making it easier to share the capital market.

It is not difficult to understand that Tang De Film and Television attaches great importance to Fan Bingbing. The latter starred in "The Legend of Wu Mei Niang", which was a great success in the first quarter of last year, boosted Tang De Film and Television's current performance in one fell swoop. The reporter reviewed the company's quarterly report last year and found that in the first quarter of last year, Tangde Film and Television achieved operating income of 148 million yuan, a year-on-year increase of 15,664.16%. The company's TV drama business achieved revenue of 146 million yuan, mainly derived from the first round of satellite TV broadcast rights and the second round of satellite TV broadcast rights transfer of the TV series "The Legend of Wu Meiniang".

Net profit dropped by 72% in the first quarter."The Legend of Wu Mei Niang" was a flash in the pan?

However, phenomenal works like "The Legend of Wu Mei Niang" do not appear frequently in Tang De Film and Television. On the contrary, the "flash in the pan" of this product has even put Tangde Films and Television in its shadow to this day.

According to the reporter, in the first quarter of this year, Tangde Film and Television achieved operating income of 60.46 million yuan, a year-on-year decrease of 59.34%; its TV drama business achieved revenue of 60.41 million yuan. The net profit attributable to the parent company was only 9 million yuan, a year-on-year decrease of 72.12%.

Regarding the reason for the decline in performance, Tangde Film and Television pointed out that it was because the revenue and gross profit achieved by "Tianlun", the main source of revenue in the first quarter of this year, were far less than those achieved by "The Legend of Wu Mei Niang" in the same period last year. Some industry insiders pointed out that a drama has caused Tangde Film and Television's performance to rise sharply in a short period of time. From another perspective, it also shows that the company is vulnerable to the impact of every work it invests in and produces, and the instability and risks of the company's business also rise accordingly.

Editor: Nancy