On the evening of January 24, Zhejiang Talent Television & Film Co.Ltd(300426) released a performance forecast. In 2021, the company made an advance profit of 18 million yuan to 27 million yuan, reversing its losses year-on-year; The net profit after deducting non recurring profits and losses is 9 million yuan to 13.5 million yuan. The company said that during the reporting period, the company’s film and television drama investment, production and distribution business gradually recovered in an all-round way.
The announcement shows that the operating revenue and gross profit of Zhejiang Talent Television & Film Co.Ltd(300426) in 2021 mainly come from the distribution revenue and gross profit of TV series “long wind and waves”, “Xiangshan Ye Zhenghong”, “summer dream Rhapsody” and other projects, as well as the production revenue and gross profit of customized drama “secret in the dark” on the online video platform.
During the reporting period, Zhejiang Talent Television & Film Co.Ltd(300426) accelerated business transformation with the support of Zhejiang Radio and television, the actual controller, and strive to return to the first camp of the film and television industry. At the same time, the company has increased the coordination and linkage with Zhejiang Radio and television. The main business of film and television drama production and distribution of the company has carried out comprehensive and in-depth cooperation with Zhejiang Radio and television’s television stations and new media broadcasting platforms in terms of business coordination and achieved initial results.
In addition, the company is preparing to set up a subsidiary in Hangzhou to pilot new businesses such as micro variety, short drama and Chinese video.
