Huayi Brothers: Super 60% Equity holding company losses

21 Financial Information Fund heavy Warehouse Monitoring report According to the 2012 annual report disclosed data statistics, as at the end of 2012, although Huayi Brothers (300027, shares) 43 of the total profit of about 180 million yuan, but 26 enterprises, that is, 60.46% of the enterprises operating losses. The specific situation as shown in the following table: The name of the company involved in the control type investment (million) participation in the proportion of total assets (million) net profit (million) Adbeyond Holdings Limited joint venture 2312.67206382.84920.45Alls Media Company Limited Associates 712.521.663615.25-526.54china Lion Entertainment Limited Associates 759.8917.75956.16-593.41duomi Music Holding Limited Associates 1321.385.176684.61-5964.58huayi Brothers International Investment Limited Sun company 10,000 U.S. dollars 1003781.2356.55 Beijing Huayi Visual Media Advertising Co., Ltd. Sun company 5013.28851540.9-1229.47 Beijing Hua Yi Brothers Global Cinema Management Co., Ltd. Sun company 10001004207.7-527.97 Beijing Huayi Brothers era culture broker Limited Company subsidiary 1001001631.05538.79 Beijing Huayi Brothers Digital Media Technology Co., Ltd. Sun company 500100493.99-5.65 Beijing Huayi Brothers Cultural Development Co., Ltd. Sun 501001726.19819.03 Beijing Huayi Brothers New Media Technology Co., Ltd 3000100 2859.94-161.03 Beijing Huayi Brothers new face Fashion Media Co., Ltd. Sun company 515167.49-40.77 Beijing Huayi Brothers Music Co., Ltd. subsidiary 6365.41002814.37197.06 Beijing Huayi Brothers Entertainment Investment Co., Ltd 4452010055846.3164 39.76 Beijing 2925.75814657.87587.05 Media Technology Co., Ltd. affiliated enterprises of Beijing Movie Brothers Theatre Co., Ltd. affiliated Enterprises 450453812.52-16.13 Beijing Palm Fun Technology Co., Ltd. Joint venture 1485020.9791376.418230 Hainan view Lan Hu Hua Yi Feng xiaogang Cultural tourism Industry Co., Ltd. 1400354012.68-32.65 Hunan Rich-kun Culture Media Investment Center (limited Partnership) joint venture 360037.111050.73-53.51 Chinese Lion Festival (Beijing)30045324.21-79.74 Huayi Brothers (Tianjin) Co., Ltd. Real Entertainment Co., Ltd. subsidiary 1400010018491.733517.45 Huayi Brothers International Limited subsidiary 10872.410013994.22714.38 Huayi Brothers Harbin Theatre Management Co., Ltd. Sun 10001001802.05-0.1 huayi Brother Hefei Theatre Management Co., Ltd. Sun company 10001005471.641.11 Huayi Brothers Shanghai Theatre Management Co., Ltd. Sun company 10001002924.91-597.83 Huayi Brothers Fashion (Shanghai) Cultural Media Co., Ltd. subsidiary 30060871.45109.6 Huayi Brothers Cultural Brokerage Co., Ltd. subsidiary 500010011765.725326.38 Huayi Brothers Wuhan Theatre Management Co., Ltd. Sun company 10001009359.11-266.72 Huayi Brothers Cinema Management Wuxi Co., Ltd. Sun Company 10 001002578.93-101.61 Huayi Brothers Cinema Investment Co., Ltd 17966.3210028082.43-773.23 Huayi Brothers Chongqing Theatre Management Co., Ltd. Sun 10001007805.11-637.78 Huayi Studios (Suzhou) Co., Ltd 14004535504.28-52.17 Blue Hai Hua Brothers International Culture Communication Jiangsu Limited Liability company joint Venture 450455517.46-412.3 Cultural Communication (Tianjin) Co., Ltd. Sun company 10055108.93-41.76 Shanghai Jiahua Film and television culture Industry Development Co., Ltd. 4000402410.71-9.41 Shanghai Star-Ho Equity Investment Center (Limited partnership) Joint venture 100003.7643254871.12-121.44 Shanghai Xing Hao Investment Co., Ltd. joint ventures 3517959.14-19.25 Shenzhen Huayi Brothers Cultural and Creative Industries Co., Ltd. 40004019999700-0.0261 Shenzhen Huayi Brothers Theatre Management Co., Ltd. Sun Company 10 001002112.38-124.68 Breakout Film Co., Ltd. 415.45hkd30362.6221 Zhejiang Huayi Brothers Providence Film and Television Co., Ltd. 15001005202.21-473.9 Zhejiang Huayi Brothers Pictures Investment Co., Ltd. 200010020433.3291　　87.76 (Source: 2012 Annual report) not only that, Huayi Brothers in 2012, the new 3 holding subsidiaries and Sun Company all appeared in 2012 losses, no one profit. Among them, do not consider 2012 just registered two companies, the March 2011 Beijing Huayi Brothers Digital Media Technology Co., Ltd., after more than 1 years of operation, is still at a loss, lossThe amount is 56,500 yuan. The details are as follows: Company name registration date investment cost profit and loss investment costing Beijing Huayi Brothers Digital Media Technology Co., Ltd. March 24, 2011 24 million loss 5.65 cost method Beijing Huayi Brothers New Media Technology Co., Ltd. July 12, 2012 undisclosed loss of 1.6103 million yuan not disclosed Beijing Huayi Brothers New face　　Kong Fashion Media Co., Ltd September 27, 2012 undisclosed loss 407700 undisclosed sources: 2012 Annual report from the above two forms, it is clear that Huayi brothers, whether the joint venture of domestic equity participation, or holding subsidiaries, sun Company, mostly to loss-oriented.　　Not only that, but the performance of the holding company in 2012 was not satisfactory, and even the five participating holding companies that had been in the annual report of Huayi Brothers since 2009 showed unpleasant signs. As shown in the table below, the five participating or holding companies have been in the annual report of the Huayi Brothers since 2009 when the Huayi Brothers came on the market, but profits have also been less lucrative. Five the first to be involved in the Enterprise net profit (2009-2012) was controlled by the company to control the relationship between 2009 (million) 2010 (million) 2011 (million) 2012 (million) total (million) Beijing Huayi Visual Media Advertising Co., Ltd. subsidiary -1138.64449.77141.34-1229.4 7-1777 Beijing Huayi Brothers Times Culture Brokerage Co., Ltd. subsidiary 2950.024291.592455.59538.791.02 Beijing Huayi Brothers Entertainment Investment Co., Ltd. subsidiary of 3214.14429.545923.86439.761.6 Huayi Brothers Theatre Investment Co., Ltd-938　　.76-549.56-0.35-773.23-2261.9 Zhejiang Huayi Brothers Providence Film and Television Co., Ltd Sun 788.52-733.06-202.18-473.9-194.11 Total 220 million (data Source: 2009-2012 Annual report)　　Summary data found that, although the above five companies overall profitability over the past 4 years, the overall profit reached 220 million yuan, but its share of the company's profitability is showing a declining trend.　　Among them, the 2009-year loss of 11.38 million Yuan Beijing huayi Visual Media Advertising Co., Ltd., experienced 2010, 2011 after two years of profit, again, the loss of 12.2947 million yuan; Huayi Brothers Cinema Investment Co., Ltd. is a continuous four-year loss: 2009 loss of 9.3876 million yuan, 2010 loss of 5.4956 million yuan, 2011 years loss of 3500 yuan, 2012 loss of 7.7323 million yuan; Zhejiang Huayi Brothers Providence Film and Television Co., Ltd. Is after 2009 years of profit 788,500, 2010-year loss of 7.3306 million; 2011Annual loss of 2.0218 million, 2012 loss of 4.739 million yuan; Meanwhile, the profit level of Beijing Huayi Brothers Culture Brokerage Co., Ltd. also slipped from 29.5 million yuan in 2009 to 5.3879 million yuan in 2012.　　Only Beijing Huayi Brothers Entertainment Investment Co., Ltd., a five-year continuous net profit growth: 2009 earnings 32.1414 million, 2010 earnings 4.2954 million, 2011 earnings 59.238 million, 2012 profit 64.3976 million yuan.　　Whether from the historical performance of the domestic ginseng holding company or from the information disclosed in the latest annual report, the profitability of the holding companies of Huayi Brothers is indeed optimistic. Then is not only the domestic participation holding enterprises have such a problem? The answer is no. For more information, see the 21st Century 21 financial Information "Huayi Brothers: Overseas companies registered company profit margin disclosure is doubtful" article.