Core Viewpoint - Qingyu Media, a former star company on the New Third Board, is transferring part of its equity on the Zhejiang Property Exchange, indicating potential changes in ownership and valuation challenges [2][3]. Group 1: Equity Transfer - Zhejiang Wen Investment plans to publicly transfer 3.6923% of Qingyu Media's shares, totaling 3.84 million shares, at a base price of 1.6589 million yuan [2]. - The current valuation of Qingyu Media is approximately 45 million yuan based on the transfer price, while its market value is around 30 million yuan according to the latest trading price on the New Third Board [2]. Group 2: Company Background and Performance - Established in April 2007, Qingyu Media is a well-known film and television company that went public on the New Third Board in 2015, being recognized as the "first stock of the New Third Board in the film and television sector" [2]. - The company achieved peak revenue of 476 million yuan in 2017, with a net profit exceeding 40 million yuan, establishing itself as a leading enterprise in the New Third Board film and television industry [3]. Group 3: Historical Context and Valuation Changes - Zhejiang Wen Investment has been a shareholder for many years, acquiring approximately 4% of Qingyu Media's shares in 2011 for 17.696 million yuan [3]. - Qingyu Media was previously targeted for acquisition by Wanhao Wanjia in 2014, with a valuation exceeding 700 million yuan, but the deal was not approved by the China Securities Regulatory Commission [3][4]. - The company's valuation has significantly decreased from over 700 million yuan to 45 million yuan, reflecting a substantial decline in its market position [5]. Group 4: Recent Financial Performance - In the first half of this year, Qingyu Media's revenue dropped to 1.41 million yuan, with a net loss of 3.48 million yuan [5]. - Projections for 2024 indicate revenue of 1.925 million yuan and a net loss exceeding 33 million yuan, highlighting ongoing financial struggles [5].
青雨传媒3.69%股权挂牌转让 估值较高峰大幅缩水
Zheng Quan Shi Bao Wang·2025-11-19 07:38