002071长城影视股票
Introduction to .002071 Longkou Yingshi Co. Ltd
Longkou Yingshi Co. Ltd, also known as Longkou Yingshi Cultural Industry Group Co. Ltd, is a Chinese film and television company involved in the production and distribution of films, TV shows, and online content. The company was founded in 1991 and listed on the Shenzhen Stock Exchange under the code .002071.
Financial Performance
In recent years, .002071 Longkou Yingshi's financial performance has been less than stellar. In 2019, the company reported a revenue of 303 million yuan, a decrease of 32.99% compared to the previous year. Its net profit fell by 76.60% to 8.45 million yuan.
Business Strategy and Expansion
To revive its business, .002071 Longkou Yingshi has implemented a new business strategy. The company has shifted its focus to film and TV production and distribution, rather than online content. In 2020, the company announced that it would be investing 5 billion yuan in a new film and TV production park in Shandong province. Longkou Yingshi also plans to expand its reach overseas by co-producing films with foreign companies.
Risks and Challenges
.002071 Longkou Yingshi faces several risks and challenges. One of the biggest challenges is competing with other well-established film and TV companies in China such as Huayi Brothers, Alibaba Pictures, and Wanda Media. Another risk is the Chinese government's tightening regulations on the entertainment industry, as seen in the recent crackdown on celebrity culture and online content. Additionally, the ongoing COVID-19 pandemic has caused delays in film and TV production and impacted the box office.
Final Thoughts
In conclusion, .002071 Longkou Yingshi is a Chinese film and television company trying to revive its business amid tough competition and challenging market conditions. Its new business strategy, including the investment in a new production park, is a step in the right direction. However, the company faces significant risks and challenges that must be addressed if it wants to succeed in the highly competitive Chinese entertainment industry.
