Song Hua Cable shares in the shadow of a large amount of financial aid

Song Hua cable (600037.　　SH) has pushed the latest progress in the overall listing of Chinese film Group (hereinafter called China Shadow Group) into the foreground.　　On the evening of January 3, the company will invest 21.3079 million yuan in China Film Co., Ltd. (hereinafter referred to as the Shadow shares) with its own capital, accounting for 1% of the registered capital. According to the bulletin, the shadow shares by the Chinese film Group for the overall reorganization of the restructuring initiated the establishment of a registered capital of 1.4 billion yuan.　　Licensed operation of the project for the production of film films, television productions, reproduction of the unit films, issued in accordance with the provisions of domestic films and their replicas, film distribution.　　Song Hua Cable Bulletin said, the share of the shadow shares will enable the company's digital TV upstream content industry chain to expand the company's digital TV profit model, and actively respond to the "triple-Net Integration" challenge. China Film Group is based on the television industry, a variety of industries integrated development of the domestic first-class large-scale film group. The business includes equipment leasing, production, development, import and export, distribution, hospital line and satellite TV, covering almost all the film industry chain. China Shadow group official website data show, at present, the Chinese shadow Group has formed 7 movie theater lines through the participation way, contracted to join the cinema to reach more than 400, the box office occupies the national market share about half.　　China Film Group is the only company with the right to import and export films, with CCTV-6 film channel. On the same day, song Hua Wired also issued a notice, the company recently received Beijing County financial allocation of High-definition Interactive set-top box grant funds 256 million yuan. As at December 31, 2010,　　Song Hua wired to receive the financial and Beijing city-level financial and urban finance of the HD Interactive digital TV set-top box subsidy funds amounted to 802 million yuan, the two levels of financial assistance will be in accordance with the high definition of interactive set-top box service life of 5 years to amortization, is expected to increase the total profit of 2010　　Earnings show that the company 2009 to achieve the main business income of 1.516 billion yuan, to achieve a net profit of 330 million yuan, 2010 1-September to achieve the main business income of 1.346 billion yuan, to achieve a net profit of 312 million yuan. December 31, 2010, song Hua Cable closed at 12.50 yuan, Rose 1.21%.