Core Viewpoint - Recent news indicates that actor Wang Yibo will not renew his contract with Lehua Entertainment, leading to significant market reactions and a drop in the company's stock price [3][4]. Group 1: Company Overview - Lehua Entertainment, listed on the Hong Kong Stock Exchange on January 19, 2023, is recognized as the "first stock in artist management" and is currently the largest artist management company in China [7]. - The company was established in 2009 and operates across the entire artist management value chain, including artist training, operations, and promotion [7]. Group 2: Financial Impact of Wang Yibo - Wang Yibo has been a crucial asset for Lehua Entertainment, contributing 16.8% of the company's revenue in 2019, which surged to 59% in the first three quarters of 2022 [7]. - In 2024, Lehua Entertainment reported total revenue of 765 million, with Wang Yibo contributing approximately 459 million, accounting for over 60% of the total revenue [7]. - The investor relations department stated that Wang Yibo's revenue contribution is gradually decreasing, despite his significant impact on the company's financials [8]. Group 3: Wang Yibo's Business Ventures - Wang Yibo is associated with four companies in the technology and media sectors, three of which are currently operational [8]. - He holds a 70% stake in Tianjin Horizon Network Technology Co., Ltd., which has applied for multiple trademarks related to his name and brand [8].
王一博不续约？乐华娱乐股价持续下跌