Enlight Media's net profit increased by 20% in 2015, and its film revenue doubled

Enlight Media released its 2015 financial report: it achieved operating income of 1.523 billion yuan, a year-on-year increase of 25.1%; net profit attributable to the parent was 402 million yuan, a year-on-year increase of 22.1%.

Enlight Media released its 2015 financial report on the 11th. In 2015, it achieved a total operating income of 1.523 billion yuan, a year-on-year increase of 25.1%; net profit attributable to the parent was 402 million yuan, a year-on-year increase of 22.1%.

The results are basically in line with expectations.

According to the report, the company initially completed business structural adjustments in 2015. The film and TV drama business grew strongly, and the revenue from the game and program production business gradually declined or diluted. Among them, the film business accounted for a significant increase in revenue to 86.1%, and the program production business accounted for a significant decrease in revenue to 5.9%. Sales expenses increased by 28.5% year-on-year, financial expenses decreased by 3.4% year-on-year, and management expenses increased significantly by 61.6% year-on-year, mainly due to the increase in labor costs of newly incorporated companies. The details of the classification are as follows:

Films: The company's film revenue in 2015 was 1.311 billion yuan, a year-on-year increase of 102.7%. The gross profit margin was 41.7%, a decrease of nearly 14.6% from the same period last year, mainly due to the higher investment costs in films. It invested in the additional distribution or co-distributed of 15 films, including "Zhong Kui Conquering the Devil","Left Ear","Rambling Hollywood","Lost in Hong Kong","The Quest for the Dragon", and "Villain Angel", with a cumulative box office of approximately 5.576 billion yuan., exceeding the market estimate of 5 billion yuan, the box office revenue of the movie has increased significantly.

TV series: Revenue in 2015 reached 66.878 million, a year-on-year increase of 92.45%. In 2015, the company confirmed the distribution revenue of TV series such as "The Four Famous Young Arrests","My Baby","Young Detective Di Renjie" and the online series "Tomb Robber Notes". Due to the carry-over of expired TV drama inventory items, the gross profit of TV dramas dropped significantly year-on-year.

Animation games: Revenue decreased by 5.92% year-on-year, due to the failure of Hangzhou Hot Front Network Technology Co., Ltd. to complete its gambling performance.

Program production and advertising: Revenue decreased by 81.3% year-on-year. The reason was that the company took the initiative to adjust its business structure and only produced "Music Billboard","Dream Star Partner","Internet Spring Festival Gala","Music Billboard Awards Ceremony","Chinese Opera Festival Gala" and other programs.

Heavy film works with net profit exceeding 200 million yuan in the first quarter have been released

one after another. During the reporting period, led by the Spring Festival masterpiece "Mermaid", the cumulative box office reached 3.39 billion yuan, setting a box office record in Mandarin film history and bringing significant performance flexibility to the company. "Hot Pot Hero", which was released on April 1, has a cumulative box office score of 320 million yuan. In the next few months, there will be movies such as "Who's Youth Is Not Lost","Passing Through Your World","The Devotion of Suspect X","Praise of Not Guilty", as well as "Big Fish Begonia","My Name is MT","Elf Throne" and other anime movies will be released. The annual box office is expected to surpass the 2015 level and reach a new level.

Firstview is expected to launch a report on deep binding of channels and content within the year

. It also shows that Firstview is the first purely paid video website in China, extending the company's business from the content industry to channels and is expected to achieve feedback on high-quality content., opening up the company's long-term growth space. The early stage of the content focuses on online movies and online dramas, and it is expected to explore diversified profit models such as online payment through high-quality head content.

Outreach investment actions are frequent and the content industry accumulation continues to consolidate

. In addition, the company increased its capital by 40 million yuan this year, and 51% of the company holds a stake in Qiwei Technology, completing a key layout in the VR field. Based on Qiwei Technology's 360-degree panoramic video engine technology, the company actively explores new businesses such as live broadcasts, shows, and 360-degree panoramic reality shows. In addition, the company has 80 million yuan in a 10% stake in Xitian Pictures, occupying the resources of artists such as Wu Xiubo, Hai Qing, Zhang Tian 'ai, and Zhang Xinyi, and officially integrating the artist economy into the business segment. Artist economic business and high-quality content complement each other, with significant synergy effects. In 2016, the company will continue to make strategic investment and layout, extending its reach to more areas of the content industry and more links in the industrial chain, laying the foundation for the company's long-term growth potential.

At the same time, the net profit for 2016-17 is expected to be 546 million and 752 million respectively, up 35.8% and 37.7% year-on-year, corresponding to 68 times the 2016 P/E ratio.

Beijing Light Media Co., Ltd. 2015 Annual Report Summary

Editor: Tsai