Tangde Film and Television's revenue in the Q1 quarter of 2016 fell by 60% year-on-year

Tangde Film and Television disclosed its first quarterly report for 2016 on the evening of April 26. During the reporting period, the company achieved operating income of 60.4684 million yuan, a year-on-year decrease of 59.34%; net profit attributable to shareholders of listed companies was 8.506 million yuan, a year-on-year decrease of 72.12%.

Tangde Film and Television disclosed its first quarterly report for 2016 on the evening of April 26. During the reporting period, the company achieved operating income of 60.4684 million yuan, a year-on-year decrease of 59.34%; net profit attributable to shareholders of listed companies was 8.506 million yuan, a year-on-year decrease of 72.12%; basic earnings per share was 0.05 yuan.

Review of main business operations The

company stated that during the reporting period, the company's TV drama business achieved revenue of 60.4113 million yuan. The company's operating income mainly came from the distribution income of the first round of TV series "Tianlun", such as satellite TV broadcast rights and information network communication rights. The quality of the play is high. It was broadcast in the first round of Beijing Satellite TV and Sichuan Satellite TV and achieved high ratings, resulting in the show achieving higher distribution revenue and gross profit. However, due to the first quarter of 2015, The company's operating income mainly comes from the first round of satellite TV broadcast rights and the second round of satellite TV broadcast rights of the TV series "The Legend of Wu Mei Niang". The production scale of the TV series "The Legend of Wu Mei Niang" is much larger than that of the TV series "Tianlun", and its realized revenue and gross profit are much larger than the TV series "Tianlun", resulting in a decline in the company's net profit in the first quarter compared with the same period last year. During the reporting period, the TV series "Political Commissar" was in post-production, and the TV series "Feng Zicai" and "Why Get Married" completed preliminary production work and entered the post-production stage.

In terms of film business, the film "The Escape of the Jedi", which the company serves as a co-executive producer and collaborated with Dasym Entertainment, LLC in the United States, is in post-production and is scheduled to be released in July 2016; the film "Extraordinary Companions", which the company serves as an executive producer, has completed preliminary production work and entered the post-production stage; the film "Tang Xuanzang" produced by the company is in post-production and is expected to be released by the end of April 2016.

Tang De Film and Television said that the company is actively expanding its TV program business, and Plan C, the company's first TV program "Building Dreams in China", is under preparation. In order to seize the limited high-quality TV program IP resources, accelerate the in-depth layout of the industry, learn and digest the world's advanced TV program development and operation experience, and promote the company's TV column production and operation business to become bigger and stronger as soon as possible, the company and Talpa Media B.V. and its wholly-owned subsidiary Talpa Global B.V. signed the "..." Good Voice "agreement" to purchase the "... The licensing and application rights of The Voice "program in China, and signed a" Cooperation Letter of Intent "with Talpa Global B.V. on the same day, planning to jointly establish a joint venture company to produce Chinese TV programs based on the Talpa Content B.V. program template.

During the reporting period, Tangde Film and Television's external investments included: joint investment with Dongyang Lingke Film and Television Planning Co., Ltd. to establish Shanghai Lingke Shining Film and Television Production Co., Ltd.; joint investment with Chuangyi Production and Distribution Co., Ltd. to establish Chuangyi International Entertainment Co., Ltd. in Hong Kong; establishment of a wholly-owned subsidiary Wuxi Tangde Cultural Media Co., Ltd.; establishment of a wholly-owned grandson company Shenzhen Tangde Element Film and Television Fund Management Co., Ltd.

Business Development Outlook

Adhere to the "high-quality drama" production strategy, consolidate and strengthen its leading edge in the TV drama business sector; strengthen the allocation of personnel and resources in the film business, improve a series of management processes for film investment, production, promotion and distribution, and create a series of films. Products, enter into the theater management business, and enhance competitiveness in the local film industry; Actively deploy TV program production and operation business, and leverage partner Talpa's mature TV program development model, global TV program operation experience and numerous high-quality TV program IP resources as the world's leading TV program production and operation company to promote the company's TV program production and operation business. Make the column production and operation business bigger and stronger as soon as possible; Extend and expand the industrial chain in a timely manner, improve the business layout, explore new performance growth points, and strive to become a systematic and important company in the industry as soon as possible.

Make full use of the listing platform and negotiate with well-known screenwriters, directors, actors and other industry talents to explore new cooperation models, including the establishment of joint ventures, with a view to further consolidating and deepening existing partner partnerships, attracting new partners, Better gather and integrate industry resources, and be a good collector, manager and service provider of creatives.

Efforts will be made to create original IP, extending IP to novels, comics, online dramas, games and other aspects in addition to traditional TV dramas and movies. Cooperate with new media and others in diversified ways to maximize the economic benefits generated by original IP.

The first quarterly report shows that at the end of the reporting period, Fan Bingbing ranked 10th largest shareholder of Tangde Film and Television, holding 2579842 shares in the company, accounting for 1.61% of the total shares.

[Original Announcement]

Tang De Film and Television: Full text of the first quarter 2016 report

Editor: vian