pjbooks Chapter 596 12-Year Year-End Summary
Chapter 596 12-Year Year-End Summary
January 5, 2013, the first working day after the New Year's Day holiday.
Light snow was falling in Beijing. The snow in front of the Chenxi Building had been cleared away by the early shift cleaning staff. The lobby was well-heated, and the receptionists had changed into their winter uniforms, with silver badges of Chenxi Media pinned to their dark blue suit jackets.
At 8:30 a.m., the door to the conference room on the 28th floor was wide open.
The long conference table was covered with a dark gray tablecloth, and in front of each seat was a bottle of mineral water and a bound set of conference materials.
Staff were making final equipment adjustments, and the Morning Light Group logo on the projection screen slowly rotated on the light gray background wall.
The heads of the various subsidiaries entered the conference room one after another.
Chen Mo and Lin Wei sat by the window, quietly discussing the progress of the training camp for the second season of "Starry Dream Factory".
Wang Peng looked down at the materials in his hand, occasionally making annotations on them with a pen.
Zhao Qi spoke a few words to Xu Liang at the meeting room door, then walked to her seat.
At 8:50, Fu Yibai pushed open the conference room door and walked in.
The conversation in the conference room quieted down as the heads of the various subsidiaries returned to their seats.
Fu Yibai sat down in the main seat and opened the meeting materials in front of him.
Zhang Xinyu sat down to his right and opened her laptop to take meeting notes.
Zhao Qi stood up, walked to the screen, picked up the remote control, and pressed a button.
The words "Chenxi Group 2012 Annual Summary Meeting" popped up on the projected screen.
"Everyone's here, let's begin."
Zhao Qi turned to the next page, where the organizational chart of Chenxi Group appeared on the PPT.
2012 was a year of rapid development for Chenxi. The group currently has ten core business segments, including Chenxi Media, Chenxi Artist Management Company, Chenxi Music Production Company, Xinghe Cinema, Xingyun Video, Xingmeng Animation, Xingmeng Digital Entertainment, Xingchen Technology, Lieyang Investment, and Qidian.com. Its shareholding companies include many industry leaders such as Tencent, Sina, JD.com, and NetEase.
Zhao Qi turned to the financial data overview page.
"The group's total revenue for the year exceeded RMB 130 billion, representing a year-on-year increase of 87%."
Net profit exceeded 30 billion yuan, representing a year-on-year increase of 56%.
The group's total number of employees exceeded 12,000, and it paid more than 18 billion yuan in various taxes and fees throughout the year.
A burst of spontaneous applause erupted around the conference table. After the applause subsided, Zhao Qi continued speaking.
"The specific data reports from each department will be presented in the order of business segments."
First, let's hear from Mr. Lin, the general manager of Chenxi Artist Management Company.
Lin Wei stood up, walked to the projection screen, and took the remote control from Zhao Qi.
Her presentation was very detailed; the first page of her PowerPoint presentation contained the core data of the artist management company for the entire year.
"Chenxi Artist Management Company's total revenue in 2012 was 32.3 billion yuan, with a net profit of 8.6 million yuan."
The company has a total of 38 signed artists, who have participated in more than 60 film and television projects and recorded more than 200 variety shows throughout the year. The total value of commercial endorsement contracts has exceeded 1.5 billion yuan.
The company's current market capitalization is approximately HK$420 billion, double its initial listing price.
"In terms of artist talent development, top artists such as Deng Chao, Wang Baoqiang, Huang Bo, Fan Binbin, Yang Mi, and Tang Yan continue to maintain strong commercial appeal."
Jiang Yan, Shu Chang, Chen Xiao, and other middle-aged artists have all made outstanding contributions in film, television, and variety shows.
In terms of new talent, newly signed artists such as Zhang Ruoyun, Zhao Liying, Gulnazar, and Huang Mengying have shown stable performance in their respective film and television projects, and their market recognition is steadily increasing.
After Lin Wei finished her report, she returned to her seat. Next up was Chen Mo.
Chen Mo projected the annual data of Dawn Music onto the screen.
"Dawn Music Production Company's revenue for the entire year of 2012 was 18.7 billion yuan, and its net profit was 2.1 million yuan."
Throughout the year, they released twelve albums, held forty large-scale concerts, and six music festivals.
Zhang Liangying's new album "Light and Shadow" has sold over two million copies, making it the best-selling solo album in China this year.
Xue Zhiqian and Da Zhangwei's joint tour covered fifteen cities, with an average attendance rate of over 95%.
Since their formation, "Star Dream Girls" has signed endorsement deals with six brands, and their first album has sold over 800,000 pre-orders.
"Currently, Morning Light Music is valued at 180 billion yuan."
All preliminary preparations for the IPO have been completed.
We have responded to all the feedback from the Hong Kong Stock Exchange last week, and we expect to officially ring the bell in early March this year.
Fu Yibai made a note in his notebook.
After Chen Mo came Xu Liang.
The data from Galaxy Cinemas surprised most of the people present.
"Xinghe Cinemas currently owns 280 cinemas and has 2,100 screens nationwide. Including franchised cinemas, it has a total of more than 500 cinemas and nearly 4,000 screens."
In 2012, the company's total box office revenue was 47 billion yuan, and its net profit was 5.2 million yuan.
Its market share has surpassed China Film Group, ranking second nationwide.
Regarding the listing progress, the A-share review process is slower than expected, mainly because the process of confirming ownership and evaluating cinema assets is quite complicated.
The listing is currently expected to be completed in May.
Fu Yibai nodded.
The listings of Galaxy Cinemas and Morning Light Music are the group's two most important capital moves this year.