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Selected announcements from Gelunhui: Betta Pharmaceuticals expects a non-GAAP net profit increase of 140.00%-160.00% in the first half of the year; Saiwei Microelectronics expects a net profit increase of 570% in the first half of the year; Huayi Brother
[Investment Projects] China Aerospace Times Electronics (600879.SH): Era Minorities Company plans to invest 29 million yuan to build a clean room and supporting facilities. Union Water Affairs (603291.SH): Plans to invest no more than 0.18 billion yuan to build Xianning Wangying Reservoir Phase II project water distribution pipeline expansion project. Union Water Affairs (603291.SH): Plans to invest 0.219 billion yuan to build the fifth phase project of the Second Water Plant. CHN Energy Changyuan Electric Power (000966.SZ): Plans to cooperate with the government of Songzi City to develop and build a new energy project with a total installed capacity of no less than 1.5 million kilowatts. The total investment is about 7 billion yuan. [Contract Awards] Leaguer(Shenzhen)Microelectronics Corp. won the bid.
Huayi Brothers Media Corporation (300027.SZ) plans to transfer 70% equity of Dongyang Mela to Ali Pictures for CNY 350 million.
On July 23, Glengarry reported that Huayi Brothers Media Corporation (300027.SZ) announced that the company intends to sign an agreement with Ali Pictures, formerly known as Beijing Zhonglian Huameng Culture Media Investment Co., Ltd., for actual operating needs. It is expected to transfer 70% equity of its wholly-owned subsidiary, Zhejiang Dongyang Mela Media Co., Ltd. (hereinafter referred to as "Dongyang Mela"). After this transfer is completed, the company will no longer hold equity in Dongyang Mela, and the specific situation shall be subject to the agreement signed by both parties. The total price of the equity transfer this time is RMB 0.35 billion.
Ali Pictures (01060.HK) acquired all the shares of Jialiwensheng and 70% of Dongyang Mela's shares.
On November 13, 2023, Alibaba Pictures (01060.HK) announced that its wholly-owned subsidiary, China Vision Pictures, has entered into a purchase agreement I with Jialiwang Culture, Huayi Brothers Media Corporation, and Huayi Brothers for the purchase of all equity interest (and associated shareholder loans) in Jialiwang Culture by China Vision Pictures at a total consideration of RMB 0.35 billion. On July 23, 2024, Alibaba Pictures' wholly-owned subsidiary, Beijing Alibaba, entered into a purchase agreement II with Dongyang Mela, Beijing Mela, Hainan Mela, and Huayi Brothers Media Corporation for the purchase of ...
Express News | Alibaba Pictures - Deal for RMB350 Mln
Express News | Alibaba Pictures Group Ltd - Acquisitions of Equity Interests in Jiali Culture and Dongyang Meila
[Brokerage Focus] China Securities Co., Ltd. maintains a 'buy' rating on Ali Pictures and is bullish on the offline performance leader Maoyan's growth prospects.
China Securities Co., Ltd. released research reports stating that they bullish on Alibaba Pictures, which has good growth potential due to its leading position in offline performances and increased valuation flexibility. At the same time, film content and ticketing are still important business pillars with steady growth. The report indicates that 1) the leading position in offline performances benefits from the continuous high growth of the market and deepening internal cooperation within the company. From the market perspective, the number of performances and single performance viewers are increasing from the same quarter, with a stable average ticketing price. It is expected that the offline performances market will continue to grow in the 2025 fiscal year. With the arrival of the peak summer season, the trend of high growth is expected to continue. In addition, Damai is expected to continue to increase its participation depth and expand in the live entertainment industry chain.
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