China Entertainment started from Nortel 2002

Chapter 883: Fixed Increase and Departure Time Management Master
April is a month in which A-share listed companies intensively release their 4 annual reports.

2019 was a really difficult year for film and television companies.

At four o'clock in the morning on the 29th, with the release of Huayi's annual report, the 25 financial reports of 2019 A-share listed film and television companies have all come out.

Among them, the performance of Guangxian is particularly eye-catching. After all, Guangxian, which still had a net loss in 2018, has now made hundreds of millions and made a huge comeback.

Everyone in the industry couldn't help but feel a little envious, but they also knew the reason why Guangxian had recovered. After all, it had cooperated with Mengying Media, and several of its movies had made a lot of money. In addition, its own movies also performed well, so it naturally withstood the cold winter.

However, the most eye-catching one is not Guangguang, but the former listed film and television leader, Huayi Brothers.

Huayi Brothers, which has been in the red for two consecutive years, suffered a net loss of 2019 billion yuan in 39, a year-on-year decrease of 262.32%.

Although this result was speculated by the industry, one could not help but feel surprised when seeing the data. After all, a loss of 39 billion proves that Huayi’s problems are indeed serious.

Moreover, it can be seen from the financial report that in 2018, Huayi Brothers was still able to generate revenue through its main business while taking into account investment and dividends. However, in 2019, the net amount of operating activities decreased by 84.48% year-on-year, and the net amount of cash and cash equivalents directly lost 16 billion.

This shows that the main business income can no longer cover the costs and the company has begun to rely on selling assets to survive.

However, Huayi did not just issue one annual report, but also issued two major announcements along with the annual report.

First, Huayi Brothers released a non-public A-share stock plan, intending to issue no more than 2.78 million shares at 8.24 yuan per share, raising no more than 22.9 billion yuan in total, and the issuers are Alibaba Pictures, Tencent, Sunshine Life, and Xiangshan Dacheng Tianxia.
The other is Huayi's announcement on the replacement of directors and the adjustment of company executive positions: Ye Ning, director and deputy general manager of Huayi Brothers, recently submitted a written resignation application, applying to resign from the company's director and deputy general manager positions, and at the same time resign from the corresponding positions on the board of directors' strategic committee.
"Sure enough, it's almost the same as Director Li predicted. They look down on film and television companies like ours."

Yu Dong couldn't help but sneer as he looked at the report. After all, it was not a pleasant feeling to be rejected when one wanted to get involved.

"I didn't expect that Wang Zhongjun could raise 23 billion yuan in life-saving money."

Yu Dong sneered, but he was somewhat impressed that Huayi was able to achieve a counter-cyclical private placement and obtain a "life-saving money", 23 billion yuan at a time when the film industry was almost shut down.

Although this is also partly because the price of the private placement is indeed very low, only 2.78 yuan per share, you should know that Huayi’s stock price was more than 4 yuan at that time.

"You have a high status in the industry and have accumulated a lot of connections over the years. It's normal. If you increase your capital one day, Mr. Yu, it won't be less than Huayi!"

Li Mu smiled and comforted Yu Dong so that he wouldn't have to complain when discussing work later.

"What's the big deal about a private placement? If we can be like Director Li's Mengying Media, that's real skill." Upon hearing this, Yu Dong quickly waved his hands.

"Huayi was decisive. It actually sold the equity of three subsidiaries and also made a private placement."

Huang Jianxin was also thinking about this. Although he did not belong to these companies, after all, he had his own company that specialized in serving himself, but he definitely needed to understand the changes in these companies in the industry.

In this circle, these people in the industry are indispensable when they come and go.

"Wanda may be in trouble."

Huang Jianxin has obviously noticed the troubles on Wanda's side. After all, Wanda Film's biggest task in 2019 is to fulfill its corresponding performance commitments after the reorganization.

However, the financial report shows that Wanda Film and Television achieved a performance of 2019 million yuan in 3.01, and failed to fulfill its performance commitment of 8.88 million yuan.

For 2020, a year that started from hell, the performance target of 10.69 billion yuan may be even more difficult to achieve.

In this way, Wanda Investment, which bears all the compensation responsibilities, may have to compensate Wanda Films more than 14 billion yuan. "Wanda is a big company, so why would they be afraid of such a small amount of money?" Yu Dong laughed, obviously thinking that for Wanda Films, which is backed by Wanda Real Estate, this is a small matter.

"That's right, Wang Jianlin's son had his height restricted some time ago." Li Mu said with a faint smile.

"His son is not a bad guy and has a good vision. It's just that he is unlucky and his management is not very good!" Yu Dong commented.

"Forget it, let's not talk about this. If nothing goes wrong, the filming will start this winter." Li Mu waved his hand, indicating to get back to the topic.

"In fact, if conditions permit, let's not wait until winter. Let's get started now. We can talk about the winter plot in winter and set up the other details first. We're afraid that the situation will change too quickly!"

Huang Jianxin couldn't help but say, "And I seem to have heard that the bureau has a new plan, but it seems to be unconfirmed for the time being."

"Hmm?" For a moment, Li Mu and Yu Dong both became more alert.

"It's not confirmed yet. When it is confirmed, we will definitely call someone. Don't worry, it's inevitable. But whether we can answer it or not is hard to say."

Huang Jianxin couldn't help but smile when he saw that Li Mu and Yu Dong both looked a little serious.

"So there is only one possibility, and that is that the ban will be lifted soon." Yu Dong muttered.

In fact, not only Yu Dong thought so, Huang Jianxin also thought so, but he also sighed and said, "Let's wait for the news."

"."

In fact, the film and television industry is not completely closed. Some crews can resume filming after applying, but the progress is touching. Generally, only TV crews will apply, and only a few can resume because of the inevitable crowd gathering.

The film crew is naturally in a state of waiting for recovery.

However, the gossip in the industry has not stopped. From the recent war of pulling down and criticizing female stars, it has evolved to the point of tearing apart the scumbag men.

The story started when Luo Zhixiang's ex-girlfriend Zhou Yangqing announced their breakup. Then an article directly blasted Luo Zhixiang for cheating on his wife and hanging out with other people outside without even sleeping.

The thousand-word article is extremely detailed, stating that Luo Zhixiang was the one who cheated, but he did not regret it, just that it was not worth it.

This time, it was the first time that Zhou Yangqing emphasized her feelings about this relationship in the article, which also surprised her fans.

Of course, there are many artists who like to watch the fun. For example, Zheng Shuang commented and liked Zhou Yangqing's long message on Weibo, saying: "I feel sorry for your nine years, your words, and I still love him."

With literary words and a huge fan base, Luo Zhixiang, whose identity was already close to being proven, was even more despised.

For a time, the words "Mr. Kidney Deficiency", "Time Management Master", and "Electric Motor" were used crazily by netizens to make fun of him.

"This time management is something that ordinary people cannot learn. We are so sleepy when we play cards until late at night, unlike others."

Shu Chang couldn't help but sigh on the phone.

Liu Yifei yawned at this moment and looked at Li Mu who was almost drowsy. "Indeed, I need to sleep now. I can't hold on any longer."

(End of this chapter)