Core Viewpoint - Recent news indicates that actor Wang Yibo will not renew his contract with Lehua Entertainment, leading to significant public interest and a sharp decline in the company's stock price [1][4]. Company Overview - Lehua Entertainment, established in 2009, is one of China's largest talent management companies, managing well-known artists including Wang Yibo, Han Geng, and others. The company operates across the entire value chain of artist management, including training, operations, and promotion [10]. - The company went public on January 19, 2023, becoming the first "artist agency stock" in Hong Kong. Wang Yibo is referred to as a key asset for the company, contributing significantly to its revenue [12]. Financial Impact - Wang Yibo's contribution to Lehua's revenue has increased dramatically, from 16.8% 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 total revenue [12]. - Following the news of Wang Yibo's potential departure, Lehua's stock price fell by 9.48% on November 7, with a total decline of over 40% since June 20 of this year [4][14]. Contractual Details - Wang Yibo's current contract with Lehua is set to expire in October 2026, and there is growing market speculation regarding whether he will renew it [13]. - Lehua's investor relations department stated that Wang Yibo's revenue contribution is gradually decreasing, despite his significant impact on the company's financial performance [14].
王一博，突发！背后公司股价暴跌，杜华：荒谬！他去年帮公司挣了4.6亿元，占总营收超60%