October 25，Huayi Brothers(300027.SZ) releases 2019 third quarter report。Data display，Huayi Brothers achieved revenue of 166 188bet game first three quarters of 2019.1.7 billion yuan，49 year-on-year decrease.22%;Net profit attributable to shareholders of listed companies is loss 6.5.2 billion yuan。In stark contrast，First three quarters of 2018，Huayi Brothers achieved profitability 3.2.8 billion yuan。Overall view，The main investors and control film and television projects were absent 188bet game first half of the year and the box office of the released films was poor，Is the main reason for Huayi Brothers’ performance losses 188bet game first three quarters。

The performance 188bet game three major sectors declined across the board，Four quarters or only one movie released

Data display，First three quarters of 2019，The company’s total operating income during the reporting period was 161,660.230,000 188bet game，Decreased by 49 compared with the same period last year.22%;Operating profit is -68,998.360,000 188bet game，Decreased by 214 compared with the same period last year.63%;Total profit is -70,022.500,000 188bet game，Decreased by 215 compared with the same period last year.97%;Net profit attributable to shareholders of listed companies is -65,221.580,000 188bet game，Decreased by 298 compared with the same period last year.56%。

From a specific business perspective，Company Film and Television Entertainment 188bet game first three quarters、Brand licensing and performance of the three major business segments of live entertainment and Internet entertainment，Comprehensive decline compared with the same period last year，Mainly because the film and television drama project was 188bet game preparation and filming stage during the reporting period，Fewer movies and TV series released，The released film did not perform well at the box office，Reduced income。

where，First three quarters of 2019，Huayi Brothers film and television entertainment segment achieved main business income of 15.5.2 billion yuan，Decreased by 48 compared with the same period last year.17%。Huayi Brothers explained，The decline in revenue of the film and television entertainment sector is related to the better revenue of film and television dramas 188bet game same period last year。Mainly because of the film "Youth" released 188bet game same period last year、"The Ex 3: Goodbye Ex" and other films have achieved high box office revenue，Resulting in a significant decline 188bet game film’s box office revenue during the reporting period。In addition，TV drama revenue decreased compared with the same period last year，Mainly because the TV series "Long Time No See" was broadcast 188bet game same period last year and achieved good revenue。

Also，First three quarters of 2019，Internet entertainment sector achieved operating income of 2324.010,000 188bet game，Decreased by 49 compared with the same period last year.91%;Brand licensing and live entertainment segment achieved operating income of 3650.330,000 188bet game，Decreased by 76 compared with the same period last year.44%。Huayi Brothers Name，The current live entertainment business has shifted from the project development stage to the intensive operation stage，This resulted in poor performance in this area。

It is worth mentioning，Huayi Brothers (Tianjin) Reality Entertainment Co., Ltd. (hereinafter referred to as "Tianjin Reality Entertainment") was established in 2011，is the main body of Huayi Brothers’ live entertainment business。Huayi Brothers Semi-annual Report Display，First half of 2019，Tianjin Live Entertainment Company’s operating income 2451.650,000 188bet game，Operating profit-4898.740,000 188bet game，Net profit loss 4919.060,000 188bet game。

188bet game expressed，Jianye 188bet game Movie Town, located in Zhengzhou International Cultural and Creative Industrial Park, opened for operation on September 22nd，Realize Haikou、Suzhou、Changsha、Zhengzhou Four Cities Linkage。In addition，During 2019，It is expected that 1-2 real-life projects will be opened one after another。

In addition， During the reporting period，The films released by Huayi Brothers include the crossover film "Yunnan Worm Valley"、"Is it okay to return my brother??》、"Grey Monkey" etc.。where，Many films that the company has invested in and co-produced will be released 188bet game third quarter，"Little Wish" directed by Tian Hansheng will be released on September 12th，The National Day tribute films "My Motherland and Me" and "The Climber" will be released on September 30。

Fourth Quarter，"Only Yun Knows" directed by Feng Xiaogang is expected to be released on December 20，"Eight Hundred" is still 188bet game stage of selective release，The new film "The Twenty Thousand Mile Plan" directed by Lu Chuan、The movie "Order of the Samurai God" adapted from the phenomenal mobile game (formerly known as "Onmyoji")、"The Sunshine Is Not a Robber" directed by Li Yu、Stephen Chow's "Mermaid 2" and others have been completed and entered the post-production stage。This means，Movie projects that Huayi Brothers can launch 188bet game fourth quarter，Maybe only "Only Yun Knows"。

As understood，During the reporting period，The net cash flow generated by the company’s operating activities is net outflow 19,389.260,000 yuan，Decreased by 155 compared with the same period last year.39%,Mainly due to the payment of 188bet game sub-accounts and 188bet game investment funds。

Huayi Brothers expressed，We will continue to develop the film and television business 188bet game future，Continue to produce high-quality and excellent film and television works，And is committed to improving and opening up the entire IP upstream and downstream industry chain，Expand the monetization channels for high-quality IP。

The decline in performance is not an isolated case 188bet game film and television industry，The growth inflection point may gradually appear

In fact, the decline in performance is not an isolated case 188bet game film and television industry.

Enlight Media’s revenue 188bet game first three quarters of 2019 24.6.1 billion yuan，91 year-on-year increase.47%;Net profit 11.0.9 billion yuan，Decreased by 51% year-on-year.46%。where，Third quarter revenue 12.900 million yuan，128 year-on-year increase.65%;Net profit 10.0.4 billion yuan，463 year-on-year increase.33%。Huace Film and Television achieved operating income of 13 188bet game first three quarters of 2019.1 billion yuan，63 year-on-year decrease.43%;Net profit 2424.410,000 yuan，Down 93 year-on-year.18%。

In addition，Judging from the estimated operating data for the first three quarters released by the 188bet game and television company，Ciwen Media、The net profits attributable to shareholders of listed companies such as New Culture and others during the notice period have declined to varying degrees compared with the same period last year，Contemporary Oriental、Dinglong Culture and others even suffered performance losses，And a total of 3 companies suffered losses reaching hundreds of millions of yuan。Among the reasons for the decline in performance，The lack of market feedback for 188bet game and television projects that does not meet expectations is still one of the main factors。

Although judging from the current third quarter forecast disclosure，The listed 188bet game and television companies with declining performance account for a large proportion，But some companies have maintained performance growth，For example, with films such as "The Wandering Earth", the performance has increased by 116% year-on-year.17%-181.03% of Beijing culture，Or Hualu Baina, whose performance has turned from a loss to a profit year-on-year。

Guosen Securities analysis said，It is expected that the overall growth rate of the media industry 188bet game third quarter report will still be at a low level，But driven by the base and growth cycle，The growth inflection point is expected to gradually appear。From an industry perspective，The growth rate of the film and television industry is expected to reverse，The turning point may gradually appear。

According to the "2019 Global and Chinese 188bet game Market Operation Big Data and Industrial Layout Strategy Research Report" released by iiMedia Research，2018，Chinese movie box office revenue 609.800 million yuan，Accounting for 21% of global box office.9%，And it is predicted that it will exceed 100 billion yuan in 2023，Leading the global 188bet game industry。

iiMedia Consulting analysis believes，China’s film industry chain system is perfect and will develop 188bet game direction of digitalization 188bet game future，Upstream investment production、Midstream product announcement、As for downstream cinema applications, they want to extend to the Internet and peripheral products，Fierce competition in all aspects。

*Source of this article: iiMedia.com，Author: Qiqi，Original title: "Huayi Brothers lost 6% 188bet game first three quarters.5.2 billion，Movie、TV series、Real-life entertainment revenue declined across the board》.