English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 21 December 2020, 09:11 HKT/SGT
Strawbear Entertainment Group has passed the hearing of HKEX and will launch IPO in earlier next year

HONG KONG, Dec 21, 2020 - (ACN Newswire) - Strawbear Entertainment Group has passed the hearing of HKEX and will launch IPO in earlier next year. Strawbear Entertainment Group is a major drama series producer and distributor in the PRC, covering the investment, development, production and distribution of TV series and web series. In addition, the Company is the only drama series producer and distributor that distributed new drama series on all of the eight dominant distribution channels, namely the top five TV channels and top three online video platforms in 2019.

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.

Topic: Press release summary Sectors: Daily Finance, Daily News
From the Asia Corporate News Network

Copyright © 2023 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.


Latest Press Releases
Kingsoft Announces 2022 Annual and Fourth Quarter Results  
Mar 22, 2023 08:58 HKT/SGT
Freedom Business Summit 2023 brings together 5000+ entrepreneurs, freedom seekers and global citizens from all over the world  
Mar 22, 2023 08:13 HKT/SGT
Infocus International Relaunches Online Workshop on Human Capital, Succession Planning, Talent & Performance Management  
Mar 22, 2023 08:00 HKT/SGT
Tradition Meets Innovation - A Digital Certificate for Authentic Italian Products  
Mar 21, 2023 22:00 HKT/SGT
Hengdeli Announces 2022 Annual Results  
Mar 21, 2023 21:15 HKT/SGT
Accurate Background Acquires Australia's VerifyNow  
Mar 21, 2023 21:01 HKT/SGT
With U.S. Health Systems Under Growing Pressure to Fill Staff Vacancies, CGFNS Alliance Releases Updated Standards for Ethical Recruitment of Foreign Health Workers  
Mar 21, 2023 19:00 HKT/SGT
Global Digital Payments Leader, Visa joins Dubai FinTech Summit as Co-host  
Mar 21, 2023 18:30 HKT/SGT
HKTDC Export Index 1Q23: Hong Kong Export Index rebounds sharply  
Mar 21, 2023 17:00 HKT/SGT
Vietnam: Can it become the Fintech Mecca of the east?  
Mar 21, 2023 17:00 HKT/SGT
More Press release >>
More events >>
Copyright © 2023 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | China: +86 181 2376 3721 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575