According to the Frost & Sullivan Report, Strawbear Entertainment Group ranked fourth among all drama series producers and distributors in the PRC in terms of the number of the first-run broadcast TV series in 2019, representing a market share of 6.0%. The Company’s revenue has increased from RMB 542.9 million to RMB 765.1 million at a CAGR of 18.7%. As of 1H2020, the Company’s adjusted net profit, which excluding the changes in fair value of financial liabilities at fair value through profit or loss and equity-settled share award expense, has reached approximate RMB 72.08 million, representing an YOY increase of 71%, exceeded the net profit of 2019FY.
iQIYI is the second largest shareholder of the Company.
Copyright 2020 ACN Newswire. All rights reserved. www.acnnewswire.com