Core Viewpoint - Recent news indicates that actor Wang Yibo will not renew his contract with Lehua Entertainment, leading to significant market reactions and a drop in the company's stock price [2][3]. Group 1: Company Overview - Lehua Entertainment, listed on the Hong Kong Stock Exchange since January 19, 2023, is recognized as the "first stock in artist management" and is the largest artist management company in China, established in 2009 [5]. - The company operates across the entire artist management value chain, including artist training, operations, and promotion, and encompasses three complementary business segments: artist management, music IP production and operation, and pan-entertainment [6]. Group 2: Financial Impact - Wang Yibo has been a significant revenue contributor for Lehua Entertainment, with his contribution rising from 16.8% of total revenue in 2019 to 59% in the first three quarters of 2022. In 2024, he is expected to contribute approximately 4.59 billion yuan, accounting for over 60% of the company's total revenue [6]. - The stock price of Lehua Entertainment has been on a downward trend, with a 9.48% drop on the latest trading day and a total decline of over 40% since June 20 of this year, including a 12.69% drop in October alone [3]. Group 3: Wang Yibo's Business Ventures - Wang Yibo is associated with four companies in the technology and media sectors, three of which are currently operational. He holds various positions, including legal representative and shareholder [7]. - Notably, Wang Yibo owns 70% of Tianjin Diheng Network Technology Co., Ltd., which has applied for multiple trademarks related to his name, indicating a strategic move to expand his brand presence [7].
王一博不续约？乐华娱乐股价持续下跌