CIWEN(SZ:002343)2022-12-03 09:18Group 1: Company Overview - The company's production and operations are normal, with ongoing and upcoming projects in good preparation [3] - The current project "Storm Dance" is expected to wrap up in late August, with distribution licenses anticipated this year [3] - Upcoming projects include "The Incomplete World" (September/October), "Purple River" (October/November), and "Bone Fragrance" (November) [3] Group 2: Performance Metrics - The online view count for the currently airing drama "Desert Sea" has reached 900 million since its launch on July 20 [3] - The company received 920 million in funds from a private placement last year, significantly easing project financing [4] Group 3: Business Strategy - The company has a strong reputation in the industry and has acquired valuable IPs, with extensive experience in TV drama production [4] - The company is exploring new revenue models, including a pure revenue-sharing model for one of its upcoming dramas, expecting significant breakthroughs next year [4] - The company is actively expanding into overseas markets, with past projects generating considerable income [4] Group 4: Financial Health - The pledge ratio for the company's major shareholder is around 82%, with financing pledges making up approximately 64% [4] - Overall loan levels have decreased by half as of the end of July, indicating a healthy financial situation [4] - Accounts receivable are expected to gradually recover as related dramas are aired [4] Group 5: Market Trends - The largest expenditure for video platforms remains on the procurement of TV dramas, with significant price increases for top-tier dramas compared to last year [5] - The company maintains good cooperation with major platforms and actively collaborates on original content strategies [5]