Litian Pictures Announces 2020 Interim Results
- 2020年08月26日 21:40:00
- テクノロジー
- JCN Newswire
Financial Highlights
The Interim results or the six months ended June 30, 2020:
- Revenue of the Group amounted to RMB256.7million, representing an increase of 29.7% as compared with the same period of last year;
- Gross profit amounted to RMB87.6 million, representing an increase of 27.7% as compared with the same period of last year;
- Profit attributable to equity shareholders of the Company amounted to RMB54.3 million, representing an increase of 18.9% as compared with the same period of last year;
- Basic and diluted earnings per share of the Group amounted to RMB0.24, representing an increase of 20.0% as compared with the same period of last year.
For the six months ended 30 June 2020, the Group's revenue amounted to RMB256.7million, representing an increase of 29.7% as compared with the same period of last year. The increase was mainly due to an increase of RMB126.0 million in revenue from the licensing of the broadcasting rights of outright-purchased drama series.
The business of outright-purchased drama series has strong growth trend, revenue representing a significant increase of 98.7%
The Group is primarily engaged in the business of licensing the broadcasting rights of self-produced and outright-purchased drama series. During the period, The Group shifted to focus on expanding their business of licensing the broadcasting rights of outright-purchased drama series to cater to the timing and content preferences of their customers.
During the period, The Group's revenue generated form the licensing of the broadcasting rights of outright-purchased drama series was RMB253.7 million, representing a significant increase of 98.7% year on year. Primarily due to an increase of RMB88.9 million in revenue generated from first-run broadcast on satellite TV channels as a result of the licensing of the first-run broadcasting rights of "Waiting for You in Beijing"and "Skate into Love"during the first half of 2020;and an increase of RMB36.9 million in revenue generated from rerun broadcast on satellite TV channels, which was attributable to the licensing of the rerun broadcasting rights of "I Will Find You a Better Home".
Self-produced drama series business is steadily promoting, profit margin was higher than a year earlier
During the period, revenue generated from our customers that are TV channels accounted for approximately 100.0% of our revenue generated from licensing the broadcasting rights of self-produced drama series. And 89.9% was generated from rerun broadcast on satellite TV channels, 9.6% was generated from broadcast on terrestrial TV channels and 0.5% was from third-party clients.
Profit margin of licensing the broadcasting rights of self-produced drama series was approximately 31.5% and 74.2%, respectively, for the six months ended 30 June 2019 and 2020. The Group's gross profit margin of licensing the broadcasting rights of self-produced drama series for the six months ended 30 June 2020 was higher than that for the corresponding period in 2019. primarily because we licensed the rerun broadcasting rights of our self-produced drama series, "A Gallant Army", to China Central Television in the first half of 2020, which had a higher gross profit margin;and the costs of sales in connection with the licensing of the rerun broadcasting rights of "Guerrilla Heroes"and "A Gallant Army"had been fully accounted for by the end of 2019.
Sufficient reserve of drama series, the Group is confident in the future business growth
The Group currently plan to begin filming a drama series named "Unparalleled at Thirty"in November 2020, and two other drama series, namely, "Please Eat with Lonely Me"and "Starting Line"in the first half of 2021. If the COVID-19 pandemic continues to spread in the second half of 2020 or the PRC government authorities prohibit us from filming their self-produced drama series to avoid new waves of infection, the Group have business contingency plans in place.
The Group have eight self-produced drama series, including seven TV series and one web series, which had completed production and are ready to be licensed to their customers. The Group will focus on expanding their business of licensing the broadcasting rights of outright-purchased drama series to offset the impact of the COVID-19 pandemic on the business of their self-produced drama series.
The management is confident in the future growth of our business. Even if in the face of uncertainties brought about by the COVID-19 pandemic to the industry and the overall business environment, the Group will be dedicated to implementing the business strategies as set out in the Prospectus.
About Litian Pictures Holdings Limited
Litian Pictures Holdings Limited is a drama series distribution company in the PRC. The Group was established in 2013, and is primarily engaged in the business of licensing the broadcasting rights of self-produced and outright-purchased drama series. In addition, they are engaged in [(i) investing in, and licensing the broadcasting rights of, drama series in which the Group act as non-executive producer under the co-financing arrangements;and (ii)] acting as a distribution agent of the broadcasting rights of TV series. On 22 June 2020, the Shares of the Company were successfully listed on the Main Board of the Stock Exchange.
Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com
globe・KEIKOの極上ミニスカ姿にXブっ飛ぶ「足細ッ」「スタイルすごっ」絶賛の嵐
エアバッグや衝突試験でも 大手5社で横行の自動車認証不正
首都高の追突事故、死亡した男性3人の身元判明 埼玉・戸田
「令和の峰不二子」阿部なつき圧巻!ヘソ出し白ニットに美くびれ!
増山江威子さん、23年6月に毒蝮三太夫YouTube出演「エピソードとなったら話は尽きない」
じゃらんの北陸応援割第二弾、6月7日10時開始 新潟旅行が最大半額に
百田尚樹氏、2月の腎臓がん手術後転移なし報告「健康体維持すればあと10年以上生きれるかも」
【日本代表】結婚の堂安律「一層かっこいい男になっていきたい」チームも家庭も引っ張る覚悟示す
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
宮迫博之「もう勘弁して。僕は負けでいい」かみつく粗品に白旗「コラボする空気感なかったね…」
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
柏原崇(45)現在を調べてみた結果、相変わらずかっこよすぎた!
玉置浩二の妻、青田典子(53)の現在がとんでもない事になっていると話題に
浜崎あゆみ、子供の写真公開に疑いの声止まず「よそのお宅の子供?」
YouTuberジュキヤの動画企画が大炎上「普通に痴漢」「気持ち悪すぎ」
大谷翔平被弾投手が悪態ついて退場処分!次打者フリーマンと対戦中に判定巡り塁審と口論
ユーチューバーもこう氏、元彼女・成海瑠奈について赤裸々告白
千原せいじのシエラレオネ巡る発言 NPO代表理事が公式謝罪忠告「最悪、国家間の問題に発展」
大谷翔平10試合ぶり14号 シティフィールド初アーチ、26球場目は自らの日本人記録更新
大谷に被弾→次打者判定で審判と口論→退場→「チーム、自分も最悪」→戦力外
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
柏原崇(45)現在を調べてみた結果、相変わらずかっこよすぎた!
玉置浩二の妻、青田典子(53)の現在がとんでもない事になっていると話題に
ユーチューバーもこう氏、元彼女・成海瑠奈について赤裸々告白
元めちゃイケメンバーの三中元克(32)現在は何をしているのか調べてみた!
TikTokを賑わす「フエラムネごめんなサイダー味」がセブンイレブンで再販!じゅるるマスカットも買うなら今!
小倉優子、不自然な“二重ライン”にネット騒然「やっぱり整形?」
ガーシーが綾野剛のLINE公開でネット騒然「ショック」「すごいエンタメ」
岡本夏生(56)、1600日ぶりにブログを更新した現在が衝撃
大原櫻子、ガーシー暴露後初のSNS投稿に賛否の声「イメージ最悪になった」
globe・KEIKOの極上ミニスカ姿にXブっ飛ぶ「足細ッ」「スタイルすごっ」絶賛の嵐
エアバッグや衝突試験でも 大手5社で横行の自動車認証不正
首都高の追突事故、死亡した男性3人の身元判明 埼玉・戸田
「令和の峰不二子」阿部なつき圧巻!ヘソ出し白ニットに美くびれ!
増山江威子さん、23年6月に毒蝮三太夫YouTube出演「エピソードとなったら話は尽きない」
じゃらんの北陸応援割第二弾、6月7日10時開始 新潟旅行が最大半額に
百田尚樹氏、2月の腎臓がん手術後転移なし報告「健康体維持すればあと10年以上生きれるかも」
【日本代表】結婚の堂安律「一層かっこいい男になっていきたい」チームも家庭も引っ張る覚悟示す
何があった!?「エアコン」が想定外の壊れ具合!投稿者に話を聞いた
宮迫博之「もう勘弁して。僕は負けでいい」かみつく粗品に白旗「コラボする空気感なかったね…」