On January 26, Hunan Tv & Broadcast Intermediary Co.Ltd(000917) released the performance forecast for 2021. It is estimated that the net profit attributable to the shareholders of the listed company will be 330 million yuan to 450 million yuan, turning losses into profits year-on-year. The main reason for the performance growth is the substantial growth of the company’s investment business income; Cultural tourism business and advertising business have been well recovered; Hunan cable group withdrew from the scope of consolidated statements, etc.
During the reporting period, Hunan Tv & Broadcast Intermediary Co.Ltd(000917) firmly implemented the “cultural tourism + investment” strategy, continuously optimized the business structure and improved the asset quality. It is generally believed in the industry that through the adjustment in recent two years, Hunan Tv & Broadcast Intermediary Co.Ltd(000917) performance drag factors have been gradually eliminated, strategy and business have become more focused, and major changes have taken place in fundamentals. The company’s operation and financial indicators returned to the growth track in 2021 and handed over the best report card in recent years. The positive signals continuously released by Hunan Tv & Broadcast Intermediary Co.Ltd(000917) boosted market confidence, which was investigated and upgraded by many institutions during the year.
cultural tourism business counter trend recovery project matrix has taken shape and can be expected in the future
In 2021, Hunan Tv & Broadcast Intermediary Co.Ltd(000917) cultural tourism business recovered against the trend. Under the background of sporadic outbreaks in China and severe outbreaks in the world, most cultural and tourism enterprises still face great challenges in operation. Hunan Tv & Broadcast Intermediary Co.Ltd(000917) its core cultural and tourism industry – Changsha window of the world and St. juffith hotel have comprehensively stabilized their economic indicators, traffic heat and popularity reputation through themed activities, marketing promotion, quality improvement and other measures, showing strong business toughness and profit sustainability.
At the same time, the company promotes the operation and integration of Hunan Radio and television regional culture and tourism resource groups such as Changsha window of the world, Changsha underwater world, St. juffith Hotel and ferris wheel international studios to create a new mango city project. It is reported that the “Mango city” obtained nearly 200000 phenomenal passenger flow in the seven days of the National Day golden week, and various economic indicators far exceeded the best level in the same period in history. This Spring Festival, the company will also launch the second “Celebrating the new year in mango city”. Through the unique cultural and creative theme activities, it is expected to continue to boost the development of cultural tourism business, or usher in a good start in the coming quarter.
At present, the company’s cultural tourism product matrix has taken shape, the research and development of mango paradise and mango adventure paradise have been completed, and the mango city project is in full swing to carry out planning and design. In terms of resource expansion, mango cultural tourism, a subsidiary, has officially signed a contract to implement the Nanyue cultural tourism project during the year. Other cultural and tourism cooperation inside and outside the province in the company’s reserve is under negotiation and promotion.
cultural tourism strategy and cultural tourism projects are both included in the “14th five year plan” cultural tourism plan of Hunan Province
Hunan Tv & Broadcast Intermediary Co.Ltd(000917) the experience and achievements of innovative development of culture and tourism sector have been recognized by Hunan provincial government. At the end of August 2021, Hunan Provincial Department of culture and tourism issued the “14th five year plan” for culture and tourism development in Hunan Province (hereinafter referred to as the “plan”), which provided policy endorsement for the company’s strategic goal of “building the largest culture and tourism investment platform and the first brand of culture and tourism operation in Hunan Province”. The plan clearly supports the strategic upgrading of Hunan Tv & Broadcast Intermediary Co.Ltd(000917) “cultural tourism + investment” to build a large-scale cultural tourism investment platform.
In addition to upgrading the company’s strategy to provincial strategy, mango City, the company’s project and radio and television project have also been upgraded to provincial projects. The plan points out that we should explore the integration path between cultural media industry and tourism, deeply integrate the publicity and promotion advantages and IP resource advantages of Hunan Radio and television, tap the potential economic ability of live broadcasting and online popularity, continue to develop urban leisure cultural and tourism products with unique Hunan Radio and television characteristics, great market attraction and replicable, and build mango city urban leisure tourism resort.
The company said that mango City, as one of the provincial key cultural and tourism projects, was written into the plan to further speed up the overall implementation of the project. This further confirms the importance and voice of Hunan Tv & Broadcast Intermediary Co.Ltd(000917) in the construction of culture and tourism industry in the province, and lays a solid foundation for the high-quality development of culture and tourism sector of subsequent listed companies.
investment business is at the best level in history
Hunan Tv & Broadcast Intermediary Co.Ltd(000917) the investment business of another strategic sector is at the best level in history. In the increasingly fierce and complex market competition, the robustness of Dachen venture capital as the head of the industry continues to show.
According to statistics, in 2021, the number of Dachen IPO and meeting enterprises reached a record high, with 31 new IPO application enterprises, 15 listed companies and 13 reviewed companies. In addition, the company has invested in 62 “specialized, special and new” enterprises, with more than half of the enterprises holding 5%, and 17 “specialized, special and new” enterprises have completed listing or pre disclosure. The latest issue of Dachen Chuanghong fund raised 6.8 billion yuan, still maintaining the industry record of over raising of each issue of fund.
In the new year, Hunan Tv & Broadcast Intermediary Co.Ltd(000917) investment business is still increasing. According to the announcement issued on the same day, Hunan Tv & Broadcast Intermediary Co.Ltd(000917) , Shenzhen Dachen Venture Capital Co., Ltd. (“Dachen venture capital”), Shenzhen Dachen Caizhi Venture Capital Management Co., Ltd. (“Dachen Caizhi”) and Shenzhen Caizhi chuangying private equity investment enterprise (“Caizhi chuangying”) plan to jointly invest and establish Shenzhen Dachen chuangying private equity investment fund enterprise (limited partnership) (“Dachen chuangying”), The total scale of the fund is expected to reach 8 billion yuan, mainly investing in new generation information technology, intelligent manufacturing, new environmental protection materials, consumer services, medical and health care, military industry and other strategic emerging industries supported by the state.
Hunan Tv & Broadcast Intermediary Co.Ltd(000917) said that the establishment of “Dachen chuangcheng” fund is in line with the company’s strategic development direction, which can further give play to Dachen’s leading advantages in venture capital fund management and help consolidate the company’s investment business. It is worth mentioning that Hunan Tv & Broadcast Intermediary Co.Ltd(000917) , Dachen venture capital, Caizhi chuangying and Dachen Caizhi plan to subscribe a total of 2 billion yuan, with a capital contribution ratio of 25%.
Insiders especially pointed out that Dachen chuangcheng fund is the largest single fund since the formal establishment of Dachen Caizhi in 2008. Combined with the fund scale previously managed by Dachen, after the fund-raising of Dachen chuangcheng fund is completed, the cumulative fund scale managed by Dachen will exceed 40 billion. Under the background of new policies and regulations such as the opening of the Beijing stock exchange and the implementation of the registration system reform, Dachen is expected to reap a richer return on investment by focusing on key areas supported by the science and innovation board and the gem, such as science and technology, medicine and medical treatment, military industry and new consumption. In the future, the investment business will further boost the overall performance growth of Hunan Tv & Broadcast Intermediary Co.Ltd(000917) with the benefits of the comprehensive registration system policy dividend and the prominent head effect of the industry.
cultural tourism strategy upgrades to “new cultural tourism” and speeds up the layout of large asset management business
Recently, at the Hunan Tv & Broadcast Intermediary Co.Ltd(000917) 2021 summary and commendation and 2022 outlook conference, Wang Yanzhong, chairman and general manager of Hunan Tv & Broadcast Intermediary Co.Ltd(000917) , said that in the future, the company will strengthen its strategic objectives, take “stability as the head and seeking progress in stability” as the general tone, and “new cultural tourism and large asset management” as the main direction to promote the formation of “cultural tourism + investment” dual core detonation The new pattern of multi-point support of “network + advertising + game + art”.
Among them, the cultural tourism sector should firmly grasp the word “new”, take the “post epidemic era” leisure vacation tourism market and Rural Revitalization policy market as the main direction, and take the product of Hunan Radio and television’s independent IP and the digital technology of cultural tourism products as the breakthrough to layout the “new cultural tourism” products; Tactically, change the simple trusteeship into the trusteeship with funds, and fully promote the construction of mango city project within the year; Actively participate in the construction of provincial cultural tourism investment platform.
With regard to the investment sector, Wang Yanzhong said that at the strategic level, the company should firmly grasp the word “asset management”, focus on the layout of innovative businesses such as fixed growth, firmly promote the extension of the industrial chain of investment business, and upgrade to building a large asset management platform; Dachen should do a good job in raising the new phase of 8 billion yuan comprehensive fund, and make new achievements in industrial M & A.
At the conference, Gong Zhengwen, deputy secretary of the Party committee, general manager, director, editor in chief and Secretary of the Party committee of Hunan Radio, film and Television Group Co., Ltd. (Taiwan), highly affirmed the major breakthrough made in the reform of Hunan Tv & Broadcast Intermediary Co.Ltd(000917) in 2021, the further improvement of ecological culture and the further standardization of corporate governance. At the same time, he encouraged the company to adopt high-quality development, team building, risk prevention Corporate governance to improve development resilience and lay a solid foundation for a new round of all-round outbreak.
