CIWEN(SZ:002343)2022-12-06 10:46Group 1: Company Overview - Ciwon Media focuses on IP development and original content in the film and television industry [4] - The company has produced popular series such as "To Youth," "Old Nine Gates," and "Special Agent Empress" [4] - Ciwon Media's productions cover diverse genres including historical, fantasy, war, and contemporary themes [4] Group 2: Production Plans - Upcoming productions include the TV series "Cool Life" set to start in September and "Speed" in October-November, with a significant portion filmed in the USA [4] - The company plans to produce four online movies related to "Old Nine Gates," which will air after the main series concludes [4][5] Group 3: Financial Performance - The average gross profit margin for the company's film and television business is around 45%, with variations depending on the specific production [6] - The company forecasts a net profit of between 125 million and 147.5 million yuan for the third quarter [6] Group 4: Market Trends and Challenges - The market is experiencing steady growth, with increasing distribution prices, especially for online content, while production costs are also rising [5][6] - The company acknowledges the uncertainty in production schedules and the long lead time from filming to airing [5] Group 5: Future Strategies - Ciwon Media aims to enhance its brand by focusing on IP and expanding into film, interactive gaming, and merchandise development [7] - The acquisition of Zancai Technology is part of a strategy to integrate IP across the entire industry chain [7]