Comprehensive Overview

The group is an independent variety show producer in China. According to Frost & Sullivan's report, based on revenue in 2018, the group ranked 8th among independent variety show producers in China, accounting for 0.6% of the Chinese variety show market; the revenue growth rate of variety shows from 2017 to 2018 was one of the highest among the top 20 industry participants.

All of the group's programs are broadcast on Chinese television media platforms (including Jiangsu TV, Anhui TV and Shenzhen TV) and online video platforms (including iQicraft, Tencent Video and Sohu Video). Corporate sponsors include well-known brands such as Allianz Rewa, Biadi, and Gree. Programmes that have been broadcast by the group include “Who's Your Dish”, “Super Premiere”, “Home Has a Chef”, and “Hello! “The Face Examiner” and “Hi! “Sing it”.

Risk Factors

The group has in the past earned the vast majority of its revenue from a limited number of programs. However, the group concentrates resources on a limited number of projects in each year or period. Any delay in broadcasting of such programs, cancellation or early termination of the Group's participation in such programs may have a significant adverse effect on the Group's business, financial situation and operating performance, and the Group's income and profits may fluctuate as a result.