Enlight Media(300251) 犀牛财经· Xi Niu Cai Jing·2025-05-22 07:19Group 1 - The announcement from Light Media (300251.SZ) reveals three overdue financial assistance cases [2] - Chengdu Light Animation, a subsidiary of Light Media, provided a loan of 8 million yuan to Magic Animation for the production of the animated film "Little Qian," which underperformed at the box office with earnings of 12.844 million yuan [4] - As of the end of 2024, Magic Animation reported total assets of 54.16 million yuan, total liabilities of 54.35 million yuan, and a net loss of 743,700 yuan for the year [4] Group 2 - Light Media holds a 30% indirect stake in Magic Animation through Beijing Caitiaowu Technology Co., Ltd., making it the second-largest shareholder [4] - Magic Animation, established in June 2019, is exploring new business avenues such as outsourcing animation projects, derivative design, and game development due to financial pressures [5] - Light Media has a total of 50.58 million yuan in overdue financial assistance, including 18.88 million yuan provided to Beijing Quanjing Entertainment and 23.7 million yuan to Spring and Autumn Times Film [5] Group 3 - Despite the overdue financial assistance, Light Media's cash flow remains stable, with a net cash flow from operating activities of 4.885 billion yuan reported in the first quarter of 2025 [5] - Light Media does not rule out exercising the guarantee measures stipulated in the loan contract to protect the rights and interests of the company and its shareholders regarding the overdue loan from Magic Animation [5]