Hualu Baina’s performance increased greatly

Hualu Baina’s performance increased greatly
Under the blessing of Yingfeng, Hualu Baina’s performance improved.According to Hualu Baina’s latest announcement, it received an inquiry letter from the GEM company management department, and the Shenzhen Stock Exchange raised 12 questions regarding Hualu Baina’s financial data and information disclosure.Hualu Baina was required to combine the report and produce the report of the film and television drama works, supplementary explanation of the reason and rationality of the increase in the revenue and growth of the film and television business but the decrease in gross profit margin, and report the top five film and television drama works reported by the revenue companyRelated contracts; combined with reports and industry development, competition, and other supplementary explanations of the reason and rationality of the decline in variety business and marketing business revenue but the increase in gross profit margin, and reimbursement for the specific conditions of the top five customers in the marketing business, including but not limited to name, revenue, Account receivables and repayments.On April 25, Hualu Baina released its 2019 annual report, showing that the company’s film and television business achieved revenue of 43911.790,000 yuan, an increase of 404 in ten years.87%, gross margin is 20.78%, down 28 every year.27 units; variety business achieved revenue of 6,963.040,000 yuan, a year-on-year decrease of 53.57%, gross margin is 47.78%, an annual increase of 127.28 units; marketing business realized revenue of 9837.450,000 yuan, down by 73 every year.39%, gross margin is 17.79 averages, up 30 every year.01 averages.In addition, the Shenzhen Stock Exchange requires Hualu Baina to report the specific situation of the second to fifth place in the accounts receivable for single provision for bad debts, and explain the reasons for changing the single provision for bad debts;The specific situation of bad debt preparation of receipts, whether the provision of bad debt preparation in the previous period is appropriate and reasonable; the top five accounts receivable at the end of the reporting period, including but not limited to the name of the customer, the specific content of the transaction, the age of the account,The payment situation, whether there is an associated relationship with the company and whether the transaction price is fair.Hualu Baina’s 2019 annual report shows that at the end of the reporting period, the ending balance of the company’s accounts receivable is 5.2.4 billion yuan, accounting for 17.7% of the ending balance of current assets.88%, the current period transferred to the collection of bad debts 8160.610,000 yuan.Hualu Baina was established in 2002 and landed on the A-share market in 2012.After the mixed reform in 2018, Hualu Baina was merged into Yingfeng Holdings, and the actual controller of Yingfeng Group was He Jianfeng, the son of Midea Group founder He Xiangjian.Hualu Baina is the second listed company in Yingfeng Department.In the first year of He Jianfeng’s lead, Hualu Baina suffered a huge loss.Hualu Baina’s 2018 annual report shows that the company achieved operating income of 62952.120,000 yuan, a decrease of 71 from the same period last year.99%; realized net profit attributable to shareholders of listed companies -341746.510,000 yuan, a decrease of 3201 compared with the same period last year.19%.In 2019, Hualu Baina achieved operating income of 61143.110,000 yuan, a decrease of 2 from the same period last year.87%; achieved net profit attributable to shareholders of listed companies of 11,379.240,000 yuan, an increase of 103 from the same period last year.33%.Hualu Baina said that the scale of the report, the company’s operating income, mainly included the release of new plays, the second round of releases of previous plays, the content marketing of mainstream TV evening shows, and the launch of hard and wide media resources.The significant increase in profit from the previous period was mainly due to the report that the consolidated company strengthened its operation and management and actively explored new customers.From January to March 2020, Hualu Baina achieved a total operating income of 1572.310,000 yuan, down 61 every year.73%, mainly due to the report delaying and changing the company ‘s project affected by the epidemic.Reported statutory net profit attributable to shareholders of listed companies in 1989.10,000 yuan, an increase of 103 from the same period last year.8%.At present, the Yingfeng Department is still increasing blood transfusion to Hualu Baina.On May 13, Hualu Baina issued an announcement saying that the company planned to issue shares in a non-public manner. The number of shares in this non-public offering did not exceed 1.The 2.7 billion shares (including the capital) did not exceed 30% of the company’s total share capital before this non-public offering.The size of the funds raised for this non-public offering will not exceed 500 million US dollars (including the number). After deducting the issuance costs, all funds will be used for “TV series and online drama production projects” and “outdoor media resource procurement projects”.The target of non-public issuance of shares is Yingfeng Holdings.According to the calculation of the upper limit of the number of non-public issuance of shares, after the completion of this issuance, the proportion of Yingfeng Holdings holding Hualu Baina shares was changed to 28.68%, He Jianfeng directly held Hualu Baina’s share ratio changed to 4.33%, Yingfeng Holdings and its concerted activist He Jianfeng will hold 33 in total.The 01% of the shares led Yingfeng Holdings to subscribe for the shares issued by Hualu Baina, which triggered the tender offer obligations stipulated in the “Administrative Measures for the Acquisition of Listed Companies”.According to the announcement, Yingfeng Holdings has promised that if the total shareholding ratio of Yingfeng Holdings and its concerted party He Jianfeng is less than 30% after this offering, the shares issued by Yingfeng Holdings will be subscribed from the date of the end18 Not transferable within each month; if the total shareholding ratio of Yingfeng Holdings and its concerted activist He Jianfeng reaches or exceeds 30% after this issue, the shares issued by Yingfeng Holdings for this issue will be 36 since the end of the issuanceNot transferable within a month.Hualu Baina said that through this non-public offering, the company will further vigorously promote the development of the business sector, on the basis of the existing accumulation, enhance the market-oriented resource gathering ability and rapid response ability, to provide the company’s cooperative mediaBetter and more accurate content products, substitutions, better enhance the enterprise’s product manufacturing strength, enhance the company’s influence, form an open platform ecosystem, and enhance the company’s industry competitiveness.Sauna, Ye Wang Li Dawei Editor Zhao Ze proofreading Li Ming