HBMC(SZ:300027)2024-05-22 10:34Financial Performance - The company has experienced a cumulative loss of approximately 50% since 2019, with ongoing financial challenges due to a competitive market and economic conditions [3][5]. - The total box office revenue from films released in 2024, including "Non-stop 3," "Volunteer Army: Charge," and "Twinkling Stars," reached approximately ¥1.672 billion [4][12]. - The company reported a revenue of ¥8.9623 million from its experiential entertainment segment in 2023, a decrease of 20.83% compared to the previous year [15]. Strategic Initiatives - The company is focusing on a "light asset" business model that integrates film production and IP operations to enhance profitability and operational efficiency [6][11]. - A strategic shift towards producing high-quality films and optimizing resource allocation is underway, with an emphasis on headlining projects that align with social and cultural values [9][10]. - The company is exploring the integration of technology and culture, aiming to innovate in areas such as short dramas and digital content [8][14]. Project Development - Upcoming films include "Hotel Laifu," scheduled for June 8, 2024, and "Dog Squad," set for June 15, 2024, with several other projects in various stages of production [4][12]. - The company is actively developing multiple television series and web films, with notable titles like "Little Days" already launched in March 2024 [12][14]. Risk Management - The company is implementing cost-reduction strategies and optimizing governance to improve financial health and operational performance [6][11]. - Concerns regarding potential delisting risks have been addressed by focusing on core business operations and enhancing profitability [11][15]. Investor Relations - The company has established communication channels for investors, including a dedicated investor hotline and email for inquiries [10][13]. - Suggestions for engaging shareholders through promotional activities, such as movie discount vouchers, are being considered to enhance investor sentiment [10].