Two shareholders Tencent reduced the holding of Huayi brothers' shareholding ratio to less than 5%

On the evening of August 5, the Huayi Brothers (SZ300027, the stock price of 265 yuan, and a market value of 7.35 billion yuan) issued an announcement. Rongtong Securities has changed by more than 1%of the shareholding ratio, and the shareholding ratio has dropped from 7.942441%to 4.999997%. After the completion of the holding of holdings, Tencent also held 13872.5 billion shares of Huayi brothers.

"Daily Economic News" reporter noticed that Huayi had lost money for four consecutive years. As far as the entire film and television industry is concerned, the project is slow and the theaters are often unable to open, and the company's profit is difficult ... the impact of the epidemic is still continuing. What's more intuitive is that according to the incomplete statistics of Choice Financial terminals, as many as 156 executives from film and television companies from 2020 to July 6, 2022.

Huayi brothers have lost money for four consecutive years

On the evening of August 5th, Huayi Brothers issued an announcement that Tencent Computer, the second largest shareholder, has passed the transaction method and participating in the transaction of transferred securities from August 2nd to August 4th, 2022. The shareholding ratio dropped from 7.942441%to 4.999997%.

Simple equity changes report shows that the proportion of Tencent Computer's shareholding ratio is passively diluted due to the registered register of the rights bank in the stock period. The proportion of shares of Tencent Computer's ownership of Tencent Computer's ownership due to the repurchase of rewlorting performance of listed companies decreased. The proportion of Tencent Computer's shareholding proportion is passively increased due to the cancellation of restricted stock repurchase. According to their own needs, Tencent Computer has reduced the proportion of shares of the listed company's shares held by the Shenzhen Stock Exchange's large trading system and participating in the transfer of the transferred securities.

Image source: Announcement Screenshot

The announcement stated that after this change, Tencent Computer is no longer a shareholder of Huayi Brothers more than 5%. The changes in this rights and interests will not lead to changes in the company's controlling shareholder and actual controller.

Frequently reduced holdings of shareholders have been the conventional actions that Huayi brothers have encountered in recent years. The reduction of the two founders even received a warning letter from the Zhejiang Securities Regulatory Bureau in June this year.

On June 2nd, Huayi Brothers issued the "Announcement on the Real Estate Control of the Company's Real Party": During October 30, 2009 to December 20, 2021, Wang Zhongjun and Wang Zhonglei held the company's equity The proportion dropped from 34.41%to 23.74%, and the cumulative change ratio was 10.67%, of which the cumulative equity ratio was reduced by 7.54%due to the company's implementation of non -public issuance shares on August 14, 2015. In addition, from November 24, 2015 to December 20, 2021, due to Wang Zhongjun and Wang Zhonglei actively increased and decreased their holdings, the company's repurchase of shares, and the rights of stocks, the cumulative equity ratio decreased by 3.13%. When the ratio of equity changes reached 5%, the two shareholders did not stop the shares of the company in accordance with regulations and fulfill their reports and announcement obligations in a timely manner.

In 2020, the Huayi brothers raised funds twice to supplement liquidity; in 2021, Huayi Brothers successively sold a number of companies including Huayi Tencent Entertainment, Tianjin Real Entertainment, and Hero Mutual Entertainment.

The funds of Huayi Brothers have not been resolved. On April 28 this year, the Huayi Brothers released a full -time financial report in 2021. According to the financial report, the Huayi Brothers' total revenue in 2021 was about 1.399 billion yuan, a decrease of 6.73%year -on -year. The loss of net profit of home was about 246 million yuan, a year -on -year loss of 76.5%, and the net loss after deduction reached 1.073 billion yuan, an increase of 5.37%year -on -year.

This is the fourth consecutive year of Huayi Brothers. From 2018 to 2020, the Huayi brothers lost 1.169 billion, 3.978 billion and 1.048 billion yuan respectively.

And because of the unable to repay the money of China Minsheng Trust, Huayi Brothers (Tianjin) Investment Co., Ltd., Wang Zhongjun, and Wang Zhonglei were also listed as the executing person in April this year, with a target of approximately 185 million yuan. It was not until recently that the execution case has not been terminated.

Is the capital market open the door?

The progress of the project is slow, the theaters are often unable to open, and the company's profit is difficult ... the impact of the epidemic on the film and television industry is still continuing.

The Huayi brothers are just one of the epitome, and each film and television company is more or less facing difficulties. As of July 15th, according to Choice, 14 film and television companies have released the annual performance trailer. "Daily Economic News" reporter statistics that 10 are expected to lose money, only 4 are expected to make profits.

Correspondingly, executive update is also becoming a common scene in the film and television industry.

In July of this year, the company chairman and president Zeng Maojun resigned for 16 years in Wanda Film (SZ002739, a stock price of 11.47 yuan, and a market value of 25.586 billion yuan) for 16 years. On the afternoon of August 4, Wanda Film announced that Xu Jianfeng, vice president of the company, resigned from the company's senior management personnel for personal reasons.

On July 15th, China Film (SH600977, the stock price of 10.84 yuan, and the stock price of 20.238 billion yuan) issued an announcement saying that Jiao Hong was no longer the chairman of the company because of his retirement, and the company held the second meeting of the second board of directors. It is the chairman of the company; on July 18, Wendou Holdings (SH600715, the stock price of 2.21 yuan, and a market value of 4.099 billion yuan) also announced that the company's chairman Zhou Maofei submitted a resignation report. Due to personal reasons, Zhou Mao applied for resignation from the company's chairman, director and board special committee. During the Shanghai Film Festival last year, Wang Changtian, chairman of Light Media (SZ300251, 8.4 yuan, market value of 24.642 billion yuan), said: "Starting in the second half of 2018, the entire capital industry's attitude towards the film and television industry has changed significantly. Reduce. For example, in terms of equity investment, almost few companies can get equity investment in the early stages of establishment or during operation. For the project itself, funds have also decreased sharply, resulting in many projects that cannot start work. "

However, the other side of the coin. The capital market also opened the door to some film and television companies.

For example, for 5 years, Bona Films finally got the admission ticket from A shares. On July 28, the application of Bona Films on the website of the Securities and Futures Commission on the website of Bona Films on the first public offering of shares and listing was approved. The road of Bona's long -term listing from the US stock delisting and returning to A shares finally ushered in the dawn.

On July 20th, Ling Meng Films, which had produced TV series such as "Thirty Thirty" and "Fuyao", finally passed the Hong Kong Stock Exchange hearing. The prospectus shows that Tencent currently holds nearly 20%of the company's equity.

In the capital market, shareholders are in and out, which is normal business logic. But there is no doubt that the film and television industry is undergoing huge environmental changes.

Daily Economic News

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