HBMC(SZ:300027) Mei Ri Jing Ji Xin Wen·2025-11-23 00:22Core Insights - Wang Zhonglei and Wang Xiaolong, co-founders of Huayi Brothers, have recently entered the short video space, attracting attention due to their background in the film industry [1][2][10]. Company Overview - Huayi Brothers was founded in November 2004 and went public in October 2009, becoming known as "China's first film and entertainment stock" [11]. - The company has produced numerous classic films and reached a peak market value exceeding 90 billion yuan [11]. Recent Developments - Wang Zhonglei and Wang Xiaolong have been actively posting content on short video platforms, with Wang Zhonglei's account having 26 videos and Wang Xiaolong's account over 20 videos as of November [2][5]. - Their content focuses on entrepreneurship, film production, and personal insights, while Wang Xiaolong shares daily life and family experiences [5]. Financial Performance - Huayi Brothers reported a total revenue of 215 million yuan for the first three quarters of 2025, a 46% decline year-on-year, with a net loss of 114 million yuan, an increase of 168% [10]. - Cumulative losses over seven years have exceeded 8.2 billion yuan, with significant losses reported in 2018 through 2024 [10]. Legal Issues - The company has faced multiple lawsuits with a total amount involved reaching 100 million yuan, and recent reports indicate that the controlling shareholders' stocks are subject to judicial auction [10][13]. - As of November 7, 2023, 100% of the shares held by Wang Zhonglei and Wang Zhongjun have been frozen, representing 13.9% of the company's total shares [14][15]. Market Position - As of November 21, 2023, Huayi Brothers' stock price was 2.57 yuan per share, with a market capitalization of 7.13 billion yuan, significantly lower than its peak value [15]. - The company is attempting to adapt to market challenges by integrating traditional film production with short dramas and AI technology [17].