业绩方面，2020年-2022年，风华秋实实现收益分别约为7056.1万元、8185.8万元、 9484.5 万元；实现净利润约为4271.7万元、3325.1万元、2993万元，净利润两连降。Leju Finance Lan Lan On April 20, Fenghua Qiushi Group Holdings Limited (hereinafter referred to as “Fenghua Qiushi”) submitted a prospectus on the Hong Kong Stock Exchange. Douren Finance Co., Ltd. was its sole sponsor. Fenghua Qiushi has submitted statements to the Hong Kong Stock Exchange five times before.
According to Leju Finance's “Pre-IPO” review, Fenghua Qiushi is a music and entertainment service provider that has been operating in China for over 10 years. It mainly focuses on the independent licensing of music copyright and music recording services, complemented by concert hosting, production, and artist management services. The main and auxiliary businesses complement each other.
In terms of performance, from 2020 to 2022, Fenghuaqiu realized actual profits of about 70561,000 yuan, 81.858 million yuan, and 94.845 million yuan respectively; realized net profit was about 42.717 million yuan, 33.251 million yuan, and 29.93 million yuan, with net profit falling twice in a row.
From 2020 to 2021, Fenghuaqiu's real gross margins were 80.7% and 83%; net interest rates were 60.5% and 40.6% respectively; and balance to debt ratios were 2.3% and 4.7%, respectively.
Fenghua Qiushi grants music copyright and music recording is its main business, and most of its revenue comes from licensing musical works. From 2020 to 2022, Fenghuaqiushi's revenue from this segment was approximately $68.8 million, $73.7 million and $90.6 million, respectively, accounting for about 97.5%, 90.1% and 95.5% of total revenue. Fenghua Qiushi currently relies on several digital streaming platforms and has signed conditional music copyright agreements with them.
From 2020 to 2022, Fenghua Qiu's actual current liabilities were RMB 32.351 million, RMB 33.67 million, and RMB 12.95 million, respectively. In 2022, its current liabilities fell 60% year on year.
According to the prospectus, according to the Insight Consultation Report, according to the revenue generated by China and music recording in 2022, Fenghuaqiu actually ranked 14th out of more than 400 music record companies, with a market share of about 0.6%, and ranked 3rd out of more than 200 music record companies headquartered in China, with a market share of about 1.5%.
