2023-01-30 20:54:00

What is the reason why the share price of Lehua En

。 2023-01-30 19:07:56 Source: network Scan the code: 1. Browse on the phone 2. Share it with WeChat friends or circle of friends

. What is the reason why the share price of Lehua Entertainment plummeted?。 Summary:. On January 26, the Hong Kong stock market opened, and the share price of Lehua Entertainment began to plummet. As of the closing of January 27, Lehua Entertainment closed at HK $5.03, with its total market value reduced to 4.376 billion, and fell by nearly 10% less than half a month after its listing. The poor performance of Wang Yibo's screen debut will definitely affect his commercial value and his future in the film Body summary:

On January 26, the Hong Kong stock market opened, and the share price of Lehua Entertainment began to plummet. As of the closing of January 27, Lehua Entertainment closed at HK $5.03, with its total market value reduced to 4.376 billion, and fell by nearly 10% less than half a month after its listing. The poor performance of Wang Yibo's screen debut will have a negative impact on his commercial value and future development in the film industry. However, Lehua Entertainment, which is more than half of the total income created by Wang Yibo, will also be affected, and its future earnings will not be favored by shareholders. A listed entertainment company does not have its own core competitiveness, and its main source of income depends on individual artists. This situation is very dangerous. Therefore, apart from a few fans who don't care about money, it is wise for rational investors to choose to sell the shares of Lehua Entertainment. Let's follow Xiaobian to see how the stock price of Lehua Entertainment plummeted.

On January 26, the Hong Kong stock market opened, and the share price of Lehua Entertainment began to plummet. As of the closing of January 27, Lehua Entertainment closed at HK $5.03, with its total market value reduced to 4.376 billion, and fell by nearly 10% less than half a month after its listing.

What is the reason why the share price of Lehua Entertainment plummeted?

Sure enough, Lehua Entertainment is the concept stock of Wang Yibo. Wang Yibo's first movie, "Unknown", won only 493 million yuan at the box office in the 2023 Spring Festival, far behind Man Jianghong, "Wandering Earth 2", "Bears Appear" and other films. Compared with the previous unprecedented pre-sale box office, it really shocked people. The poor performance of Wang Yibo's screen debut will have a negative impact on his commercial value and future development in the film industry. However, Lehua Entertainment, which is more than half of the total income created by Wang Yibo, will also be affected, and its future earnings will not be favored by shareholders.

What is the reason why the share price of Lehua Entertainment plummeted?

A listed entertainment company does not have its own core competitiveness, and its main source of income depends on individual artists. This situation is very dangerous. Once the commercial value of artists is damaged, it will directly affect the normal operation of the company. Therefore, apart from a few fans who don't care about money, it is wise for rational investors to choose to sell the shares of Lehua Entertainment.

Related reading of the stock price crash of Lehua Entertainment:

Who divided the box office of 6.758 billion yuan at the Spring Festival?

According to the official website of the National Film Administration, the 2023 Spring Festival archive ended with a box office of 6.758 billion yuan, surpassing the 2022 achievement to become the "second in history" Spring Festival archive. With the longest average film length and no advantage in the number of sessions, the Spring Festival can usher in 129 million film viewers, which is a good start for 2023.

For film companies whose performance is under pressure, it is particularly important to return blood in the 2023 Spring Festival. Listed companies have put their head works into the market, and the capital map behind the new film of the Spring Festival is more complex.

On the one hand, there are many producers behind a film, and the film company "huddles" to attract money. According to the professional version of Cat's Eye, from the number of producers and co producers, 39 companies are gathered behind Wandering Earth 2, 32 are behind China's Table Tennis Jedi Counterattack, and the number of producers and co producers of Man Jianghong and Bears Appear with My "Bear Core" also reaches 22 and 20 respectively. There are many listed companies including Wanda Film, Huace Film and Television.

On the other hand, many listed film companies are not just behind a new film. As a producer or co-producer, Chinese film has participated in five new films, and Light Media, Cat's Eye Entertainment and Alibaba Pictures have respectively participated in four new films.

The capital behind the new film is intricately intertwined, but under the influence of the "28 effect", the box office winners only belong to the first echelon of the schedule. Listed companies also have both winners and losers.

The top three box offices in the schedule accounted for more than 80%, and Joy Media's share price rose

What is the reason why the share price of Lehua Entertainment plummeted?

Spring Festival cakes are never evenly distributed. Especially in 2023, the scheduled box office will further focus on the head films. In previous years, the top three box offices of the Spring Festival will account for 70% of the total box office, while this year's Man Jianghong and Wandering Earth 2 will account for 70.5% of the total box office. There is no doubt that the two films are also among the first tier of this Spring Festival.

Man Jianghong, directed by Zhang Yimou, ranked the first at the box office, with a revenue of 2.606 billion yuan. The first producer of the film is Joy Media, which is listed in Hong Kong stock market. On January 26, Joy Media had the highest intraday increase of 25%, with a cumulative increase of more than 30% in the past seven trading days.

Joy Media is well known for its "director partnership": obtaining the investment right of directors' works by granting shares to well-known directors. According to the company's 2021 annual report, Zhang Yimou is listed as the "shareholder director" of Joy Media. "One second" is directed by Zhang Yimou and produced by Joy Media. According to the announcement released by Joy Media when signing the contract, the cooperation period between the company and Zhang Yimou is six years, and the shareholding ratio of Zhang Yimou is 5.14% when signing the contract.

In addition to holding shares through Joy Media, Beijing Lifeng Cultural Development Co., Ltd. and Yixie (Qingdao) Film Co., Ltd. among the producers of Man Jianghong are also related to Zhang Yimou's team. According to Tianyan's app search, Pang Liwei is the actual controller of the two companies. According to Cat's Eye Professional Edition, Pang Liwei is the producer of many Zhang Yimou's film works, such as Shadow, One Second, Firm as Rock, Above the Cliff, Sniper and Man Jianghong, and is also the chief producer of the opening and closing ceremonies of the 2022 Beijing Winter Olympic Games and Paralympic Games.

In addition, Cat's Eye Entertainment and Light Film also appeared among the producers of Man Jianghong. Both companies are Light Media Holdings. According to the 2021 annual report of Joy Media, Cat's Eye Entertainment holds 5.7% of Joy Media.

"Wandering Earth 2", the runner-up of the box office at the Spring Festival, reported a revenue of 2.164 billion during the period. The film has the largest number of producers and co-producers, including Ali Pictures, Rongchuang Culture, Wanda Film, Huace Film, Huayi Brothers, Shanghai Film, Lianrui Film, King's Film, Hengdian Film, etc.

Although there are many participating companies, there are only four producers of the film. Among them, the second producer and the third producer are Guo Fan (Beijing) Film Co., Ltd. and Beijing Dengfeng International Cultural Communication Co., Ltd. According to Tianyan's app, the former's major shareholder, actual controller and ultimate beneficiary are film director Guo Fan, while the latter's actual controller and ultimate beneficiary are film star Wu Jing.

The main casting and controlling party of "Wandering Earth 2" is a Chinese film. Both the first and fourth producers of the film are related to Chinese films. In addition to Wandering Earth 2, Chinese films are also among the producers of Man Jianghong, Bear Comes and Comes with Me "Bear Hearts", and it is the only listed company that has participated in the top three ticket rooms of the Spring Festival at the same time. In addition, Chinese films are among the producers of "Unknown" and among the co-producers of "China's Table Tennis Jedi Counterattack".

In addition to the new film, "Avatar: The Way of Water", in which the Chinese film participated deeply, also gained in the Spring Festival. The film was released more than a month ago, and still received 49.4 million yuan at the Spring Festival. The cumulative box office in the mainland exceeded 1.6 billion yuan.

The main and controlled films won the second place at the box office and participated in many high-box office works. It can be said that Chinese films are the big winners of the Spring Festival.

The third place of the scheduled box office was won by "Bear Appear and Appear with Me" Bear Heart ". The seven-day box office reported 748 million yuan, and the proportion of the scheduled box office was up to 11%. This is also the first time that the "bear haunting" series in the Spring Festival has entered the top three at the box office in the Spring Festival. At present, the estimated total box office of the film Cat's Eye is 1.289 billion, which is expected to become the third place at the box office of China's film history animation film.

Compared with the "Bears Appear and Appear" series in previous years, the number of companies producing "Bears Appear and Appear with Me" Bears Core "in 2023 increased significantly. In addition to Huaqiang Fangte, the main controlling party of the main investment, Hengdian Film, China Film and Wanda Film are also among the producers of "Bears Appear with Me". Among the joint producers, there are also many listed companies such as Alibaba Pictures, Cat's Eye Entertainment, Huace Film and Television, which participate through Dongyang Small Universe. The professional version of the lighthouse shows that as of 0:00 on January 28, the cumulative box office of the "bear haunting" series of animated films exceeded 5 billion.

"Deep Sea" and "Anonymous" fall behind, and light Bona and other "stamina"? There are both winners and losers in the Spring Festival. The top three films in the schedule account for more than 80% of the total box office. The four new films "Unknown", "Deep Sea", "Exchange Life", and "China's Table Tennis Jedi Counterattack" can only share less than 20% of the total box office.

Light Media, which has been dormant for a long time, finally ushered in the opportunity to release the film. The company has changed its strategy of "showing one main and controlled work at one time" in the past three years, and "four films at the same time" in this Spring Festival. There are light media behind "Deep Sea", "Man Jianghong", "Exchange Life", and "China's Table Tennis Jedi Counterattack".

However, of the above films, only the animated film "The Deep Sea" is mainly controlled by the light media. There are five production companies in the film. In addition to Light Media itself, the other four companies are controlled or held by Light Media.

"The Deep Sea" is an animated film polished for seven years by Tian Xiaopeng, director of "Journey to the West: The Return of the Great Sage", which has been the focus of the industry. However, the film's momentum is not ideal. The box office on the first day is only 73.1 million, which is the bottom of the new film. The public praise of the film Douban with 7.4 points is not as good as that of "Wandering Earth 2" and "Man Jianghong", and the film ranking rate has never exceeded 10%. In the second half of the schedule, the box office of "Deep Sea" fell in reverse. Wang Changtian, chairman of Light Media, also forwarded the message on his personal microblog: "Start from attacking yourself", "the power of natural growth".

At present, Cat's Eye predicts that the total box office of "The Deep Sea" is 780 million, which is less than that of "Journey to the West: The Return of the Great Sage" seven years ago, and there is also a huge gap between the previous animated films "Nezha's Devil Child" (5.035 billion) and "Jiang Ziya" (1.602 billion) of Light Media.

The situation of Man Jianghong has been described previously. In addition to "Deep Sea" and "Man Jianghong", Light Media is still the producer of "Exchange Life", but it ranks behind. The company also jointly produced "China's Table Tennis Jedi Counterattack". Given that the box office income of "Exchange Life" is not high, and "China's Table Tennis Jedi Counterattack" announced the change to February 17, it is difficult for Light Media to obtain too much revenue from the film at present.

In contrast to Light Media, Bona Pictures has bet almost all its chips on "Unknown" during the Spring Festival.

"Unknown" is the final work of Bona Film's "China Victory Trilogy", directed by Cheng Er with strong personal style, and its name Hainan Joy Film Co., Ltd. is also the second producer of the film. Despite the publicity of "Super Commercial Film", "Unknown" once became the box office champion of the pre-sale list.

However, after the start of the schedule, the journey of Anonymous was not smooth. The box office on the first day of its release was 137 million yuan, and the box office of Wandering Earth 2 and Man Jianghong were more than 400 million yuan at the same time; The next day, it was surpassed by "Bears Come and Go with Me". Fortunately, the box office of the film in the second half of the schedule fell for two consecutive days, and the box office fell to 493 million, ranking fourth in the schedule.

At present, Cat's Eye predicts that the box office hit 709 million, which is far from the first two works of "China's Trilogy of Victory", "Chinese Doctor" (1.328 billion) and "Changjin Lake" (5.775 billion). At the same time, according to the 21st Century Business Review, the cost of Anonymous exceeded 300 million. According to the split ratio, the accumulated box office of Unnamed needs to reach at least 900 million yuan to return its capital. According to the current box office trend, Bona Pictures is not likely to rely on "Unknown" to return blood.

In recent years, the "theme commercial film" represented by "Changjin Lake" has brought significant income to Bona Film. However, since the second half of 2022, Bona Pictures' "The End of the Sea is the Grassland" and "The Ordinary Hero" have not achieved high box office, and the company's net loss in the third quarter of 2022 reached 150 million. The head work "Unknown" fell behind again in the Spring Festival, and Bona's performance was once again full of uncertainty.

It is also worth noting that on December 22, 2022, Bona Pictures announced that the Chairman Yu Dong had pledged 48.7% of his shares. At this time, more than four months have passed since Bona Pictures went public. At the same time, it is not known when the next head work of Bona Pictures will be released. At present, the film with the latest release date and the participation of Bona Pictures is "When the Wind Rises Again", but the company only plays the role of co-producer. On January 29, the film was announced to be promoted from February 17 to the release of the Lantern Festival on February 5.

The performance of "Unknown" at the box office of the Spring Festival is flat, and it may not only affect the production companies. The film stars actor Tony Leung and traffic star Wang Yibo, who is crucial to the revenue of Lehua Entertainment, its brokerage company. According to the prospectus of Lehua Entertainment, in 2021, Wang Yibo's personal income accounted for 49.5% of the total income.

。 "Unknown" is Wang Yibo's first cinematic film. Although Lehua Entertainment, where Wang Yibo works, did not participate in the production, Yu Dong and Cheng Er also participated in the bell ringing ceremony when Lehua Entertainment went public in Hong Kong on January 19. As of the closing of the first day of listing, Lehua Entertainment News was up 47.79% at HK $6.03. However, after the opening of the Hong Kong stock market on January 26, the share price of Lehua Entertainment fell. As of the close of the day, Lehua Entertainment closed at HK $5.12, down 9.06%.