Zhiyin Animation sells 52% of its shares and attracts 567 million yuan for high-quality content layout

Hubei Zhiyin Animation Co., Ltd.(hereinafter referred to as Zhiyin Animation) completed its capital increase and share expansion through the Hubei Huazhong Cultural Property Exchange, raising funds of 567.01 million yuan and selling 52% of its shares.

Original title: Zhiyin Animation successfully attracted 567 million yuan and sold 52% of its shares through the Huazhong Cultural Exchange

. Hubei Zhiyin Animation Co., Ltd.(hereinafter referred to as Zhiyin Animation) completed its capital increase and share expansion through the Hubei Huazhong Cultural Property Exchange, raising funds of 567.01 million yuan and transferring 52% of its shares.

Zhiyin Animation was established in January 2006 and is affiliated to Hubei Zhiyin Media Group Co., Ltd. Its current business covers comic publications, books, peripheral products, new media, animations, etc., setting a precedent for the development model of a complete national animation industry chain. The average monthly circulation of the core product "Zhiyin Manke" reached 6.4835 million copies in 2013, with a maximum monthly circulation of 6.8 million copies. It is the largest circulation of original comic journal in my country and the world's first full-color serial comic weekly.

Previously, Hubei Zhiyin Media Co., Ltd. submitted a listing application in 2014. Until December 30, 2016, Zhiyin Animation increased its capital and shares, and was officially listed on the Central China Cultural Exchange to introduce strategic investors through capital increase and share expansion. In the end, Hubei Changjiang Radio and Television Media Group Co., Ltd., Karst (Hubei) Cultural Industry Fund Management Co., Ltd., and Hubei Changjiang Radio and Television Cultural and Creative Equity Investment Fund Partnership (limited partnership) contributed 250.79 million yuan, 250.79 million yuan, 65.43 million yuan respectively. At this point, Zhiyin Animation has successfully used capital power to enhance its competitiveness in the industry.

Relevant information shows that in the first nine months of 2016, Zhiyin Animation's operating income was 132.18 million yuan and its net profit was 20.327 million yuan. At the same time, in 2015, operating income was 239.73 million yuan, and net profit was 32.587 million yuan; in 2014, operating income was 312.69 million yuan, and net profit was 38.6 million yuan; in 2013, operating income was 418.9 million yuan, and net profit was 70.454 million yuan.

In addition, according to Hubei Huazhong Cultural Property Exchange, the funds raised by Hubei Zhiyin Animation Co., Ltd. will be used to increase investment in self-made content production, increase investment in R & D and distribution, increase investment in high-quality content procurement and mergers and acquisitions of high-quality content producers, and increase Five major purposes: building new media content marketing platforms, increasing team building efforts and introducing high-end animation talents.

Editor: Nancy