Enlight Media(SZ:300251) Chang Jiang Shang Bao·2025-06-16 23:45Core Insights - The animated film "Nezha: The Devil's Child" (referred to as "Nezha 2") continues to generate significant attention and is expected to achieve over $100 million in overseas box office revenue, potentially setting a new record for Chinese films in international markets over the past 20 years [2][3] - The film is projected to contribute an estimated GDP increase of over 200 billion yuan, with derivative product sales expected to exceed 100 billion yuan [4] - The company, Light Media, has seen its stock price rise significantly, reaching a high of 22.1 yuan per share on June 16, following the positive news about "Nezha 2" [5] Financial Performance - In the first quarter of 2025, Light Media reported approximately 2.975 billion yuan in revenue, a year-on-year increase of 177.87%, and a net profit of about 2.016 billion yuan, reflecting a 374.79% increase compared to the previous year [6] - For the entire year of 2024, the company achieved approximately 1.586 billion yuan in revenue, a slight increase of 2.58%, but net profit decreased by 30.11% to about 292 million yuan [6] Strategic Direction - Light Media is undergoing a significant strategic transformation from a "high-end content provider" to an "IP creator and operator," focusing more resources on animated films while also enhancing its capabilities in live-action film production [8] - The animation team currently consists of around 150 members, with plans to expand to over 300 in the coming years, aiming to produce 1.5 to 2 high-quality animated films annually [8]