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Public company info - China Bright Culture Group , 01859.HK

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China Bright Culture Group, 01859.HK - Company Profile
Chairman Liu Mu
Share Issued (share) 1,600,000,000
Par Currency U.S. Dollar
Par Value 1.0E-5
Industry Movies & Entertainment
Corporate Profile Business Summary: The group is a video program producer, by which The group mean The group develop, market, produce and distribute video content (such as variety programs and drama series) for media platforms (including TV networks and online video platforms). Performance for the year: • Revenue for the year ended December 31, 2019 amounted to approximately RMB475.6 million, representing an increase of 68.1% from approximately RMB282.9 million in 2018. • Profit for the year ended December 31, 2019 amounted to approximately RMB147.9 million, representing an increase of 72.5% from approximately RMB85.7 million in 2018. • Earnings per share for the year ended December 31, 2019 amounted to approximately RMB0.13, representing an increase of 62.5% from approximately RMB0.08 in 2018. Business Review: 2019 was a successful year for the Group. As a result of firm execution of business strategies, our revenue and gross profit for the year increased by 68.1% and 130.4% as compared to those of 2018, respectively. Our relationship with customers stayed strong, and our program pipeline remained robust, which further solidified our position in the market. In 2019, the Group released eight programs, and it expects to release another 19 programs in 2020. In 2019, our program “Hey! Let’s Sing” was awarded 2018–2019 China’s Most Creative Program (2018–2019年度中國最具創新力節目) and 2018–2019 China’s Most Creative Marketing (2018–2019年度中國最具創新營銷獎) by Organization Committee of Macau International Advertising Festival. Prospects: The group believe that the video content market in the PRC is very promising and The group will continue to serve our customers and further enhance our in-house research and development capabilities by thoroughly exploring the commercial values of the industry. Our development initiatives include: • further expanding our business presence: diversify our program pipeline by expanding into new types of programs (such as historical, cultural, technological and medical programs), while focusing on the development of TV programs and online programs; • exploring new revenue growth points: develop derivative products by extending the appealing ideas of popular programs, and increase efforts in looking for cooperation in overseas market development; and • strengthening the deployment of strategic investments: create greater value for cooperative partners from various industries by providing connections to the industry’s resources.

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