April 15，Beijing Jingxi Culture and 188bet mobile login Co., Ltd. (hereinafter referred to as "Beijing Culture") releases 2020 annual performance report。Report Display，During the reporting period，Beijing Culture achieves total operating income 4.300 million yuan，49 year-on-year decrease.66%，Net profit attributable to shareholders of listed companies is loss 7.700 million yuan，Loss increased by 66% year-on-year.5%。

Company name，The main reason for the significant decrease in revenue is，The main business income during the reporting period was affected by the epidemic and the high box office revenue of the movie "The Wandering Earth" in the same period last year。The year-on-year increase in several other financial indicators is due to the decline in operating performance of the company's wholly-owned subsidiaries 188bet mobile login Century Partner Culture Media Co., Ltd. and Zhejiang Galaxy Culture Agency Co., Ltd. in the same period last year，Resulting from the provision of large amounts of goodwill impairment provisions。

Announcement display，During the reporting period，Produced by 188bet mobile login、Production、The released movies "My Hometown and Me" and "The Bathing King" were released during the reporting period，TV drama and web drama business、Artist management business is affected by factors such as the overall market environment，Income has declined significantly。During the reporting period，Affected by the new coronavirus epidemic，The film and television industry has been greatly affected，188bet mobile login had no box office revenue in the first three quarters，Resulting in overall revenue decline，The company organizes and evaluates inventory and other assets，Based on the principle of prudence，The company plans to make provision for asset impairment。

Same day，The performance forecast for the first quarter of 2021 released by 188bet mobile login shows，The company’s net loss attributable to shareholders of listed companies is expected to be 22 million yuan to 28 million yuan in the first quarter of 2021，Basic earnings per share loss 0.03 yuan-0.04 yuan。

Announcement display，The main reason for the change in performance is，The company always insists on focusing on deep content production，Actively and steadily promote the main business，Create high-quality film and television works。The company participates in the production、Production、The released movie "Hello，Li Huanying" was released during the reporting period，The box office so far is 5.4 billion yuan，The film is still in theaters，Earnings have not yet been included in first quarter results。The company will take various measures to promote its main business operations，Strive to create more high-quality film and television works。