Beijing Enlight Media (300251) Q3 2024 earnings summary

Executive summary

• Revenue for the first three quarters reached ¥1.44 billion, up 53.37% year-over-year; net profit attributable to shareholders was ¥460.88 million, up 25.08% year-over-year.

• Q3 revenue was ¥107.66 million, down 67.85% compared to the same quarter last year; Q3 net loss attributable to shareholders was ¥11.89 million.

• Main business lines include film, TV/web series, animation, artist management, and industry investment, with strong performance in film and TV content.

Financial highlights

• Q3 basic and diluted EPS were -¥0.004, down 106.67% year-over-year; YTD EPS was ¥0.16, up 23.08%.

• Operating cash flow for the first three quarters was ¥638.74 million, up 322.80% year-over-year.

• Total assets at Q3-end were ¥10.15 billion, up 2.21% from year-end 2023; shareholders' equity was ¥8.90 billion, up 2.57%.

• Non-recurring gains for the first three quarters totaled ¥27.48 million, mainly from government subsidies and fair value changes.

Segment performance

• Film business contributed significant box office, with major releases and a pipeline of upcoming films.

• TV/web series saw new launches and ongoing production; animation projects are progressing steadily.

• Artist management and content-related businesses enhanced artist value and supported main operations.

• Industry investment segment underperformed due to market volatility, negatively impacting overall results.