Core Insights - Happiness Blue Sea, established in November 2005 and listed on the Shenzhen Stock Exchange in August 2016, is a well-known domestic film and television company with a strong content production and distribution capability [1] Financial Performance - In Q3 2025, Happiness Blue Sea reported revenue of 606 million, ranking 4th among 4 companies in the industry. The industry leader, Wanda Film, had revenue of 9.787 billion, while the industry average was 3.3 billion [2] - The company's net profit for the same period was -2.9381 million, also ranking 4th in the industry. Wanda Film's net profit was 713 million, with the industry average at 234 million [2] Financial Ratios - As of Q3 2025, Happiness Blue Sea's debt-to-asset ratio was 73.63%, an increase from 70.68% year-on-year, but lower than the industry average of 75.43% [3] - The company's gross profit margin in Q3 2025 was 23.31%, significantly up from 9.77% year-on-year, approaching the industry average of 23.93% [3] Corporate Governance - The controlling shareholder of Happiness Blue Sea is Jiangsu Broadcasting Television Group Co., Ltd., with the actual controller being the Jiangsu Provincial Government. The chairman, Ren Tong, is 62 years old and holds multiple positions within the broadcasting system [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders for Happiness Blue Sea was 43,100, a decrease of 24.75% from the previous period. The average number of circulating A-shares held per account increased by 32.89% to 8,646.4 [5]