The formerly hot stock with 13 consecutive limits has today hit a trading halt. Many companies faced a "no-notice Special Treat" Bearish surprise. | Quick read of the announcement.
① Mubang High-Tech and TVZone Media announced for the first time at the last moment of the annual report disclosure that they faced a delisting risk warning due to the "Net income + revenue" indicators. ② Both companies previously estimated in their performance forecasts and the Exchange's inquiries that their revenue for 2024 would exceed the indicator red line of 0.3 billion yuan. ③ AA Industrial Belting released an annual pre-loss announcement on the evening of the annual report disclosure, suddenly facing a trading suspension which resulted in its stock price hitting the daily limit down today.
"Nezha 2" is a hit, Beijing Enlight Media's Q1 Net income surged by 375% year-on-year | Insights from Earnings Reports
In 2024, Beijing Enlight Media's revenue increased by 2.58% year-on-year, but the net income attributable to shareholders declined by 30.11%. Among them, the film Sector remained the main source of revenue, accounting for 71.2%, yet it decreased by 12.22% year-on-year, due to heavy reliance on the single blockbuster "The 20th Clause," while other films performed mediocrely. The company's performance in Q1 2025 skyrocketed, with "Ne Zha" contributing strong box office revenue, leading to a profit increase of 375%.
Zhejiang Huace Film & TV Q1 performance rebounds, television drama market warms up | Interpretations
① Zhejiang Huace Film & TV's profits in 2024 are expected to decline by double digits, while Q1 2025 profits will achieve a triple-digit year-on-year growth; ② Zhejiang Huace Film & TV stated that the increase in Q1 revenue is mainly due to the company's current period television series sales scale increasing compared to the same period last year; ③ The company is developing a large model for the vertical field of film and television, with the 'National Color' large model being filed in January 2025.
Game developers are on a rampage in the AI race, and AI is expected to further open up the payment space for games.
According to media reports, as we enter 2025, major domestic Game Developers are racing ahead in the AI field. Now, many companies, including Tencent, NetEase, and Giant Network Group, are embedding AI large models into their games to enrich the storyline and player interaction. Open-source securities point out that AI is expected to reshape gaming from aspects such as development, interaction, and commercialization.
The signal for price increase in cloud-based services has appeared, signaling the start of an upward cycle in computing power.
With the gradual release of deep thinking models such as Deepseek R1 and openAI o1/o3, the demand for high-performance computing on the inference side is rapidly being unleashed, leading to a rapid expansion of Capex by major companies like Alibaba and Tencent, with a quarterly capital expenditure increase of over 250% in Q4 2024, marking the formal entry of the cloud upstream into a new upward cycle.
The game license has arrived in March! Black Myth: Wukong has been approved for the PS5 in the Chinese market, with major titles from Tencent and NetEase gathering around it.
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