光线传媒2025Q1净利润上涨374.79% 董事长王长田控诉票房分账不公平

Core Insights - Light Media has shown impressive performance in Q1 2025, with significant revenue and profit growth driven by the success of the film "Nezha: The Devil's Child" which grossed 15.44 billion yuan globally, ranking fifth in worldwide box office [1] - The company's Q1 2025 revenue reached 2.975 billion yuan, a year-on-year increase of 177.87%, while net profit attributable to shareholders was 2.016 billion yuan, reflecting a substantial year-on-year growth of 374.79% [1] - The net profit for Q1 2025 is already ten times the total net profit of 292 million yuan for the entire year of 2024 [1] Revenue Breakdown - In 2024, the total revenue was approximately 1.586 billion yuan, showing a slight increase of 2.58% compared to 2023 [2] - The film and related derivative business accounted for 71.2% of total revenue in 2024, although it saw a decline of 12.22% compared to the previous year [2] - The agency and other businesses also experienced a decrease in revenue share, dropping by 15.27% [2] Industry Context - The chairman of Light Media, Wang Changtian, highlighted the unfavorable revenue-sharing model for producers in the Chinese film industry during the 27th Shanghai International Film Festival, advocating for a reallocation of profits to benefit producers more [3]