被法院限高，公司股权被拍卖，影视大佬年关遭“暴击”

Core Viewpoint - Huayi Brothers, once a leading player in the film industry, is facing significant financial difficulties, including a seven-year streak of losses and recent legal issues involving its controlling shareholder, Wang Zhongjun [1][2]. Financial Performance - Huayi Brothers has reported net losses for seven consecutive years from 2018 to 2024, with figures of -1.169 billion, -3.978 billion, -1.048 billion, -246 million, -981 million, -539 million, and -285 million yuan respectively [2]. - As of December 10, 2025, the company had overdue debts totaling 52.5 million yuan, which exceeds 10% of its audited net assets for 2024 [1]. Shareholder Issues - Wang Zhongjun's shares amounting to 154 million were auctioned off, resulting in a reduction of his and his brother's combined stake in the company to 8.26% [1]. - Wang Zhongjun has been restricted from high consumption due to a court ruling related to an execution case involving 74.73 million yuan [1]. Strategic Challenges - The company has struggled with core business decline, failed strategic investments, and impairment of goodwill from acquisitions, leading to its ongoing financial troubles [2]. - Huayi Brothers' attempts to diversify through investments in theme parks and other entertainment ventures have not yielded the expected returns, contributing to its financial distress [3][4]. Industry Context - The film industry has been facing intense competition and a slow recovery from previous economic downturns, impacting Huayi Brothers' market position [4]. - The company is shifting its focus towards a "film production + IP operation" light asset business model to adapt to industry trends [4].