The film and television company's semi-annual report is beautiful and the second half of the year will face a performance turning point

Following the efforts of the mobile game sector, the film and television sector in the media field has also risen recently. In particular, the stock prices of Huace Film and Television and Huayi Brothers have soared sharply in recent days. Corresponding to the rebound in stock prices, the semi-annual results of film and television companies have rebounded significantly, attracting more and more investment institutions to pay renewed attention to the sector.

Original title: Semi-annual report Liangli Film and Television Company will face a performance turning point in the second half

of the year. Following the efforts of the mobile game sector, the film and television sector in the media field has also risen recently. In particular, the stock prices of Huace Film and Television and Huayi Brothers have soared sharply recently. Corresponding to the rebound in stock prices, the semi-annual results of film and television companies have rebounded significantly, attracting more and more investment institutions to pay renewed attention to the sector.

With the recent disclosure of semi-annual reports by many film companies, the performance of leading companies has obvious signs of recovery. Some industry insiders believe that an inflection point in the industry's performance will appear. Orient Fortune Securities recently released a research report that since most of the profits of film and television companies will be confirmed in the second half of the year, although supervision is strict on online streaming media, there is a significant demand for online platform headlines in the long run, and the performance of leading companies is promising. It is expected to usher in the second half of the year. Performance turning point.

Specifically, on July 26, Huace Film and Television disclosed its semi-annual report. From January to June this year, the company achieved operating income and net profit of 1.751 billion yuan and 275 million yuan respectively, with corresponding year-on-year increases of 13.11% and 1.21% respectively. Among them, the company's all-network drama business achieved revenue of 1.437 billion yuan, a year-on-year increase of 39%, and accounted for more than 80% of the total revenue; the artist brokerage business achieved breakthrough development, cultivating a group of outstanding young artists such as Wu Qian and Cai Wenjing, achieving revenue of 45.6465 million yuan during the reporting period, an increase of 620.97%. What is more noteworthy is that the "national team" has quietly emerged among the latest top ten shareholders of Huace Film and Television. According to the semi-annual report, Securities Company entered the list of top ten shareholders of Huace Film and Television in the second quarter of this year. It currently holds 50.6525 million shares of Huace Film and Television, accounting for 2.9% of the total share capital, ranking the fifth largest shareholder.

On the same day, Huayi Brothers announced that the company reduced its shareholding in Palm Technology by 0.98% on July 24 and 25, selling 2.2193 million shares at an average price of 7.07 yuan/share and 24.8932 million shares at an average price of 7.14 yuan/share respectively. The company expects the initial income from this transaction amount after deducting costs and relevant taxes and fees to be approximately 97 million yuan. Moreover, on July 12, the company disclosed its performance forecast, predicting first-half profit to be between 394 million yuan and 484 million yuan, with a year-on-year growth range of 30% to 60%.

Similar to the situation of Huayi Brothers, in mid-July, New Culture disclosed that the company expects a profit of 139 million yuan to 151 million yuan in the first half of the year, a year-on-year increase of 20% to 30%.

Enlight Media expects profits of 353 million yuan to 418 million yuan for the same period, a year-on-year increase of 10% to 30%. In addition, Songcheng Performing Arts, Tangde Film and Television, etc. are expected to increase their semi-annual performance by more than 10%.

By combing through multiple research reports, the reporter found that recently, institutions have regained confidence in the film and television sector, their intention to intervene in funds has become more and more obvious, and their attention to film companies has also become positive. Relevant research reports pointed out that "The Founding of the Army" and "Wolf Warrior 2" will be released soon, and the main beneficiaries will be China films. At the same time, affected by the big year of imported films, China films, as one of the "only two" imported film distribution companies in China, will be the direct beneficiary of the expansion of imported film distribution business.

Another research report showed that among the media sectors of the GEM, only the second new stock Xuanya International has seen a positive increase this year, while the rest of the companies have all fallen. Storm Group, Tianlong Group, and Happy Blue Ocean have fallen nearly 50% this year. In this context, from the analysis of the demand effect of online platform headlines, film and television companies are expected to usher in a performance turning point in the second half of the year, and the performance of leading companies is promising.

Relevant researchers at Zhongtai Securities hold the same view. According to relevant research reports, benefiting from the rapid growth of video payment trends, the premium content market has been able to maintain a high degree of prosperity, and companies in the upstream and downstream online video industry chain will enjoy paid dividends. At the same time, due to the certain seasonality of film and television companies, the second half of the year is often The main node for revenue recognition. Therefore, in addition to paying more attention to leading companies in various segments of the media industry, the valuation effect of companies with large declines in the previous period has already appeared.

According to statistics from Orient Fortune's Choice terminal, in the past month, the top three industries in the ranking of institutional survey visits are computer hardware, electronic equipment manufacturing, and film and television entertainment. The film, television and entertainment sector has received 192 institutional surveys in the past month. Huace Film and Television and Ciwen Media rank among the best in the number of receptions and surveys.

Editor: Mary