What is the relationship between blank entertainment and blank film and television?

Bai Liu Film and Television is a subsidiary of Bai Liu Entertainment.

After several rounds of financing and equity structure adjustment, Fuchun shares changed from directly holding Dongyang Bai Liu shares to indirectly holding Dongyang Bai Liu shares by 3. 13% through Bai Liu Entertainment Group (Cayman). The company also indicated that it intends to gradually dispose of the equity of Dongyang Bai Liu and will continue to transfer the remaining shares in the future.

According to Fuchun's 202 1 semi-annual report, the fair value of the 3.48% equity of Bai Liu Film and Television held by the company is 47.4856 million yuan, and the part that has been sold to Aiqiyi is finally profitable compared with the original investment of 35.2 million yuan.

202 1 In the first three quarters, Fuchun shares made a profit of 61140,000 yuan, and successfully turned losses. Previously, the company said on the investor interaction platform that the game business performance increased significantly in the first three quarters of 20021.

Benefiting from the excellent performance of the self-developed product "Fairyland Legend RO: The Birth of a New Generation", Shanghai Mengjun achieved an operating income of 298 million yuan in the first three quarters, up by 65,438+087.98% year-on-year, and a net profit of 65,438+0.65,438+04 billion yuan, up by 247.73% year-on-year.

Share transfer:

From August, 2065438 to August, 2009, the transaction dispute finally ended with the termination of the agreement between the two parties and the happy "return" of the delivered equity. According to the reply of Fuchun 202 1, 1, 1, 008 to the inquiry letter of Shenzhen Stock Exchange, the company transferred the equity of Bai Liu Film and Television 1% to iQiyi in early 2020.