7年巨亏超80亿！华谊兄弟突遭减持：阿里创投及马云降至5%以下

Core Viewpoint - Alibaba's investment arm, Hangzhou Alibaba Venture Capital Co., Ltd. (Ali Venture), has reduced its stake in Huayi Brothers, leading to a significant change in shareholding structure, which is expected to stabilize the company's equity structure without adversely affecting its operations [1][5]. Shareholding Changes - Ali Venture's shareholding decreased from 3.467799% to 2.403580%, while the combined stake of Ali Venture and Jack Ma fell from 6.064215% to 4.999996% [1][2]. - The reduction in shares was based on Ali Venture's own business arrangements, with the possibility of further reductions in the next 12 months [2]. Company Financials and Performance - Huayi Brothers has faced significant financial challenges, reporting a cumulative loss exceeding 8 billion yuan over the past seven years, with a revenue drop of 46% year-on-year to 215 million yuan in the first three quarters of the current year [10][11]. - The company is currently experiencing a debt crisis, with overdue debts totaling 52.5 million yuan and all shares held by the actual controller being frozen [11]. Historical Context and Relationships - Huayi Brothers has a long-standing relationship with Alibaba, with Ali Venture and Jack Ma being significant shareholders for many years [6]. - The company has previously engaged in financial transactions with Alibaba, including a 700 million yuan loan secured by various assets [7][9]. Market Position and Future Prospects - The stock price of Huayi Brothers has significantly declined, closing at 2.17 yuan, with a market capitalization of 6.021 billion yuan, which is less than one-tenth of its peak value [16]. - Upcoming films directed by renowned directors, such as Stephen Chow's "Mermaid 2" and Feng Xiaogang's "Special Agent," are seen as potential turning points for the company [17].