Subscription of employee stock ownership plan completed Huace Film and Television rose strongly

Huace Film and Television disclosed on Tuesday night that all subscriptions for the 2015 employee stock ownership plan have been completed. CICC research believes that the completion of the subscription of the employee stock ownership plan will form an important support for the stock price.

On July 1, Huace Film and Television opened higher at 28.09 yuan, and immediately rushed higher and hit the daily limit. After a small shock, the daily limit was closed at around 9:50. At noon, as the market weakened, the stock opened its daily limit and fell slightly. It finally closed at 28.38 yuan, an increase of 5.11%, with a daily turnover of 996 million yuan.

Huace Film and Television disclosed on Tuesday night that all subscriptions for the 2015 employee stock ownership plan have been completed. The announcement showed that as of Tuesday's close,"Huitianfu-Huace Film and Television-Growth Sharing No. 20 Asset Management Plan" had completed the stock purchase of this employee stock ownership plan through secondary market purchase, with an average purchase price of 27.91 yuan/share. The number of purchased shares was 17,332,693 shares, accounting for 1.77% of the company's total share capital.

CICC research believes that the completion of the subscription of the employee stock ownership plan will form an important support for the stock price. The employee stock ownership plan fully mobilized enthusiasm, and major shareholders pledged equity, reflecting the management's confidence in the company's future development and profitability. In addition, the company also builds an Internet-based entertainment platform through the entire industry chain layout. At the same time, the company's private placement is still in the process of advancing. If it is successful, Huace will fully introduce Baidu's strategic resources, with triple resources such as new media channels (iQiyi), IP (Baidu Literature) and big data, and explore online variety shows and film and television, as well as multi-party businesses such as fan economy, advertising sharing and derivatives. After a recent decline, it is now a good opportunity to invest in companies.

Analysts from Oriental Media believe that the employee stock ownership plan fully mobilizes the enthusiasm of the company's employees and helps the company complete its second entrepreneurial transformation. The company's performance commitments from 2015 to 2017 are based on 2014, and the net profit growth rates in the next three years will be no less than 20%, 44%, and 73%, respectively, which fully reflects the management's confidence in the company's future development and profitability.

The

reporter learned from insiders of Huace Group that this employee stock ownership plan is only the first step of Huace Group's "Global Entertainment Partner Alliance".

"Global Entertainment Partner Alliance of Huace Group-GEPA(Global Entertainment Partner Alliance) will launch relevant entertainment industry funds in the future to provide a one-stop service system for the entire industry chain and realize resource coordination in the Huace ecosystem through a variety of capital and non-capital cooperation methods." The above-mentioned person said.

When interviewed by reporters, Wang Cong, vice president of Huace Group, explained in detail the four major aspects of Huace's "partner alliance" strategy.

The first is industrial funds. In the future, Huace will jointly launch a film, television and entertainment industry fund with a total scale of no less than 1 billion yuan with its partners to provide financial support to entertainment industry peers around the world. The goal is to learn from Hollywood's mature film and television industry financing system, establish a planned and industrialized production process supported by capital, use capital leverage to tap excellent content and creators, and truly improve the overall profitability and product quality of the industry.

The second is the entire industry chain support service system. Taking film and television dramas as an example, we provide an industrial support system from script evaluation, big data analysis, planning, production, distribution, and marketing promotion modules, supplemented by comprehensive control services including legal and financial services to help the works achieve excellence. A leap forward.

The third is multiple cooperation methods. Huace warmly welcomes all partners to cooperate with Huace in various models including studios, contracted works, packaged cooperation, strategic investment, joint ventures, and overall mergers and acquisitions.

Finally, there is Huace ecosystem collaboration. After years of resource integration, Huace Group has built an ecosystem that connects every link of the industrial chain around listed companies. Through Huace Film and Television Listed Company, various partners in the system jointly integrate high-quality resources, coordinate development, and achieve scale effects.

(Yien.com compiled and released it based on reports and public information from China Securities Network and Digital Entertainment DreamWorks)

[Original Announcement]

Huace Film and Television: Announcement on the completion of the purchase of the company's employee stock ownership plan

Editor: vian