Key investment points
Market review: this week, the media sector fell 4.24%, underperforming the gem by about 0.6 percentage points (the gem index fell 3.64%); Underperformed the market by about 3.18 percentage points (CSI 300 fell 1.06%).
Industry segments: (1) game index underperformed the market: CITIC game index (ci005577) fell 4.65%, 3.59% lower than CSI 300 index. (2) The advertising index underperformed the market: the CITIC advertising index (ci005847) fell 4.19%, 3.13% lower than the CSI 300 index. (3) The sports index underperformed the market: the CSI sports index (399804) fell 3.92%, 2.86% lower than the CSI 300 index. (4) A-share education companies outperformed CSI 300, while Hong Kong stock education companies underperformed Hang Seng Index. CITIC education index (ci005816) rose 1.55%, outperforming the CSI 300 index by 2.64%. The education index of Hong Kong stocks (887671) fell 1 60%, underperforming the Hang Seng Index by 0.84%.
Film and television: (1) explore communication and complete the $43 billion acquisition of Warner media. On Friday, the acquisition of Warner media worth $43 billion by discovery communication company was announced to be completed, and the new company Warner Bros. discovery was born. (2) The film “Hello, Beijing” held a seminar, and the new model of inspirational film creation of Beipiao was affirmed Rao Shuguang, President of China Film Co.Ltd(600977) criticism society, praised the director for showing good control in narrative tonality.
Game: (1) G-Bits Network Technology(Xiamen)Co.Ltd(603444) released its 2021 performance report. According to the report, the total revenue of the company during the period was 4.619 billion yuan, a year-on-year increase of 68.44%; The net profit attributable to the parent company was 1.468 billion yuan, a year-on-year increase of 40.34%; The non net profit attributable to the parent company was 1.226 billion yuan, with a year-on-year increase of 36.24%. (2) Penguin E-sports officially announced its delisting. The official announcement of penguin E-sports said that due to the change of business development strategy, the related products of penguin E-sports and Penguin E-sports live assistant will terminate operation at 23:59 on June 7, 2022.
Sports: (1) outdoor equipment brand relocation completed nearly 100 million yuan of financing, and Zhongding capital invested exclusively. According to the investment community, recently, the outdoor equipment brand Nokia has completed nearly 100 million yuan of financing, which is invested exclusively by Zhongding capital. This is the first time that Nokia has accepted external investment. (2) 361 ° became the official partner of China’s rope skipping national team and continued to develop the youth sports track. Recently, the national rope skipping Promotion Committee of the social sports guidance center of the State Administration of sports (hereinafter referred to as the rope skipping Promotion Committee) signed a cooperation agreement with 361 ° group.
Education: (1) Ministry of Education: strengthen the publicity and education of myopia prevention and control, and strengthen the “five management” of primary and secondary school students. The Ministry of Education issued the national key work plan for comprehensive prevention and control of myopia among children and adolescents in 2022 to systematically plan and solidly promote the prevention and control of myopia among children and adolescents in the new era. (Ministry of Education) (2) Luohe, Henan Province: primary and secondary schools are prohibited from organizing enrollment in advance and selecting students in a disguised form. Recently, Luohe Education Bureau issued a notice requiring the city’s ordinary high school and compulsory education schools to effectively use all kinds of media to publicize and guide the enrollment policies, enrollment plans, enrollment scope and enrollment procedures of Luohe ordinary high school, junior middle school and primary school to the majority of parents and students. (Luohe Education Bureau)
Key investment points: it is recommended to pay attention to Mango Excellent Media Co.Ltd(300413) ( Mango Excellent Media Co.Ltd(300413) ).
Risk tip: media policy tightening risk; Risk of business integration or less than expected; New business development is less than expected risk; The content response is less than the expected risk.
