TIK(SZ:000917)2022-12-05 06:02Group 1: Company Overview and Strategy - Hunan Electric Broad Media Co., Ltd. is actively promoting the "Media + Internet" strategic transformation, aiming to build a "platform + content" mobile internet entertainment ecosystem [3] - The company has developed five business segments: cable television networks, media content, investment management, tourism and hotels, and new media on the internet, with collaborative growth across these sectors [3] - The cable network business is undergoing an internet transformation, focusing on enhancing the family internet entertainment ecosystem [3] Group 2: Content Development and Investment - The company is restructuring its content business by integrating film, television, and variety show operations, while introducing new planning and production teams [4] - The investment management arm, Dachen Venture Capital, manages 18 funds with a total scale of 20 billion RMB, having invested in over 380 companies, with 48 successfully listed [4] - Dachen has been recognized as one of the best venture capital institutions, indicating a mature business and management model [4] Group 3: Financial Performance and Collaborations - The film "La La Land," co-produced with Lionsgate, has achieved a global box office of $370 million, with domestic earnings of 220 million RMB [5] - The company typically invests 25% of the total investment in co-produced films, which will impact profitability once revenue data is finalized [5] - The traditional advertising business is increasingly collaborating with internet new media advertising, leveraging accumulated resources for mutual growth [5] Group 4: Talent Management and Competitive Advantage - Dachen Venture Capital faces increasing competition in the private equity sector, emphasizing the importance of talent retention and attraction [6] - The core team remains stable despite some talent outflow, supported by incentive measures to maintain operational efficiency [6]