Huace Film and Television plans to launch a global partner mechanism

The company revealed that through BCG's analysis and reference of the world's top media institutions and outstanding domestic corporate mechanisms, Huace's own global partner mechanism has been established. Based on the laws of the creative industry, create a partner plan for co-creation, sharing and sharing concepts.

Huace Film and Television recently announced its mid-term report, and was discovered by the market that this stock was "lucky" by the securities company in the second quarter, with 50.65 million shares, accounting for 4.26% of the outstanding shares. In the past month, especially on July 7, the company has received more than 100 institutions.

The company's main business is the production and sales of film and television works. Zhao Yifang, president of the company, led director Jin Qian and secretary Gao Yuan to answer questions of concern to the organizations. Regarding the business in the first half of this year, the company said that the entire online drama business (referring to online and offline, film and television) launched 392 episodes of 8 projects in the first half of the year (including Chu Qiao, 450 episodes), including "Three Life, Ten Miles Peach Blossom","Lonely Fragrance Don't Appreciate Yourself","Legend of the Condor Heroes","Weekend Parents","A Grain of Red Dust","Ancient Love Song","Summer Solstice Is Not Arriving","My Girlfriend's Boyfriend","Chu Qiao". There were 464 episodes of 11 projects launched: "Seven Me","Dearest You","Queen Du Gu","Fantasy Night of the Tang Dynasty","To Our Simple Little Beauty","Time Knows","Sweet Critical Strike","Entrepreneurship Era","Old Boy","I am willing to Love the Whole World for You", and "Phoenix Power". Shut down 225 episodes of 6 projects: "Queen Dugu","Dearest You","To Our Simple Little Beauty", etc. In terms of movies, the main projects that participated in the release in the first half of the year were more than a dozen such as "Kung Fu Yoga" and "Extraordinary Tasks", some of which will be released in the near future. In addition, there are many variety projects.

Regarding the recent window guidance provided by the competent authorities for satellite TV broadcasts during important publicity periods, the company said that the standardization of national policies and the healthy market environment are good rather than bad for leading companies like Huace. On the other hand, there were similar regulations in the past. The company had expectations and preparations. Half of the company's content was realistic themes, and it was also prepared for the research and development of commercial themes, such as the era of decryption and entrepreneurship. In the first half of the year, a number of costume and fashion dramas were broadcast, and some dramas were also selected for reference dramas. This policy will not affect the company's business and performance. At the end of the first quarter, the company's accounts receivable balance with Le.com was approximately 340 million yuan, of which 98% were within one year. At the same time, nearly 200 million yuan was formed by joint investment with LeEco and other parties. Taking into account the two factors of the company's investment ratio and the investment money paid by LeEco, the net impact after hedging is about 100 million yuan. We are confident that it will be solved in the third quarter., it will not have a big impact on the company's performance.

The company also revealed that through BCG's analysis and reference of the world's top media institutions and outstanding domestic corporate mechanisms, Huace's own global partner mechanism has been established. Based on the laws of the creative industry, create a partner plan for co-creation, sharing and sharing concepts.

Editor: Mary