HBMC(SZ:300027) Xin Lang Cai Jing·2025-12-24 03:52Core Viewpoint - Recently, Huayi Brothers Media Co., Ltd. and Huayi Brothers Film Co., Ltd. have been listed as defendants in a court execution case, with an execution amount exceeding 74.73 million yuan, as per the China Execution Information Disclosure Network [1][2]. Group 1: Legal and Financial Issues - The execution court is the Beijing Chaoyang District People's Court, and the case was filed on December 19, 2025, with the case number (2025) Jing 0105 Zhi 48113 [2]. - The actual controller of the company, Wang Zhongjun, has 15,392 million shares of the listed company set for a second judicial auction starting at a price of 1.9 yuan per share, totaling approximately 292.4 million yuan [2]. - The starting price for the auction has decreased by 14.8% compared to the first auction, which had a starting price of 2.23 yuan per share [3]. Group 2: Stock Performance and Shareholder Changes - As of December 24, 2025, Huayi Brothers' stock closed at 2.10 yuan per share, with a market capitalization of approximately 5.826 billion yuan [4]. - The shares to be auctioned are valued at around 323 million yuan based on the current stock price [4]. - On December 17, 2025, Huayi Brothers announced a reduction in shareholding by its shareholder, Alibaba Entrepreneurship Investment Co., Ltd., and its associated party, Jack Ma, resulting in a decrease in their holdings from 3.47% to 2.40% and from 6.06% to 5.00%, respectively [5]. Group 3: Financial Distress - The company has reported temporary liquidity issues due to delayed repayments, with overdue debts totaling 52.5 million yuan, exceeding 10% of the company's audited net assets for 2024 [5]. - Huayi Brothers has faced significant financial losses, accumulating over 8.2 billion yuan in losses from 2018 to 2024 [7]. - The third-quarter financial report for this year indicated a revenue of 62.6 million yuan, a year-on-year decline of 31.61%, with a net loss attributable to shareholders of 39.5 million yuan [7].