Announcement • Jun 30
Beijing Baination Pictures Co.,Ltd. to Report First Half, 2026 Results on Aug 29, 2026 Beijing Baination Pictures Co.,Ltd. announced that they will report first half, 2026 results on Aug 29, 2026 Reported Earnings • Apr 27
Full year 2025 earnings released: CN¥1.17 loss per share (vs CN¥0.42 loss in FY 2024) Full year 2025 results: CN¥1.17 loss per share (further deteriorated from CN¥0.42 loss in FY 2024). Revenue: CN¥307.4m (down 58% from FY 2024). Net loss: CN¥1.10b (loss widened 179% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Apr 27
Beijing Baination Pictures Co.,Ltd., Annual General Meeting, May 20, 2026 Beijing Baination Pictures Co.,Ltd., Annual General Meeting, May 20, 2026, at 14:00 China Standard Time. Location: Building 9, No. 30, Anli Road, Chaoyang District, Beijing China Announcement • Mar 31
Beijing Baination Pictures Co.,Ltd. to Report Q1, 2026 Results on Apr 27, 2026 Beijing Baination Pictures Co.,Ltd. announced that they will report Q1, 2026 results on Apr 27, 2026 Announcement • Dec 31
Beijing Baination Pictures Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2026 Beijing Baination Pictures Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2026 New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 77% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Oct 30
Third quarter 2025 earnings released: CN¥0.051 loss per share (vs CN¥0.026 loss in 3Q 2024) Third quarter 2025 results: CN¥0.051 loss per share (further deteriorated from CN¥0.026 loss in 3Q 2024). Revenue: CN¥41.1m (down 90% from 3Q 2024). Net loss: CN¥47.9m (loss widened 95% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Beijing Baination Pictures Co.,Ltd. to Report Q3, 2025 Results on Oct 30, 2025 Beijing Baination Pictures Co.,Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 New Risk • Aug 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings have declined by 78% per year over the past 5 years. Board Change • Aug 12
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Non-Independent Director Lina Dong was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Jul 02
Beijing Baination Pictures Co.,Ltd. to Report First Half, 2025 Results on Aug 26, 2025 Beijing Baination Pictures Co.,Ltd. announced that they will report first half, 2025 results on Aug 26, 2025 New Risk • Apr 24
New major risk - Revenue and earnings growth Earnings have declined by 75% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 75% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Apr 24
Full year 2024 earnings released: CN¥0.42 loss per share (vs CN¥0.20 loss in FY 2023) Full year 2024 results: CN¥0.42 loss per share (further deteriorated from CN¥0.20 loss in FY 2023). Revenue: CN¥738.6m (up 71% from FY 2023). Net loss: CN¥393.1m (loss widened 112% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 128 percentage points per year, which is a significant difference in performance. Announcement • Apr 24
Beijing Baination Pictures Co.,Ltd., Annual General Meeting, May 22, 2025 Beijing Baination Pictures Co.,Ltd., Annual General Meeting, May 22, 2025, at 14:00 China Standard Time. Location: Building 9, No. 30, Anli Road, Chaoyang District, Beijing China New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Mar 31
Beijing Baination Pictures Co.,Ltd. to Report Q1, 2025 Results on Apr 28, 2025 Beijing Baination Pictures Co.,Ltd. announced that they will report Q1, 2025 results on Apr 28, 2025 New Risk • Feb 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Announcement • Dec 31
Beijing Baination Pictures Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2025 Beijing Baination Pictures Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2025 New Risk • Nov 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 26
Third quarter 2024 earnings released: CN¥0.026 loss per share (vs CN¥0.005 profit in 3Q 2023) Third quarter 2024 results: CN¥0.026 loss per share (down from CN¥0.005 profit in 3Q 2023). Revenue: CN¥413.3m (up CN¥344.8m from 3Q 2023). Net loss: CN¥24.6m (down CN¥29.1m from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 131 percentage points per year, which is a significant difference in performance. Board Change • Oct 25
High number of new directors Supervisor Xuan Liu was the last director to join the board, commencing their role in 2023. New Risk • Sep 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 30
Beijing Baination Pictures Co.,Ltd. to Report Q3, 2024 Results on Oct 26, 2024 Beijing Baination Pictures Co.,Ltd. announced that they will report Q3, 2024 results on Oct 26, 2024 Reported Earnings • Aug 30
Second quarter 2024 earnings released: CN¥0.035 loss per share (vs CN¥0.024 loss in 2Q 2023) Second quarter 2024 results: CN¥0.035 loss per share (further deteriorated from CN¥0.024 loss in 2Q 2023). Revenue: CN¥204.7m (up 183% from 2Q 2023). Net loss: CN¥33.1m (loss widened 51% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 122 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Beijing Baination Pictures Co.,Ltd. to Report First Half, 2024 Results on Aug 30, 2024 Beijing Baination Pictures Co.,Ltd. announced that they will report first half, 2024 results on Aug 30, 2024 Announcement • Apr 26
Beijing Baination Pictures Co.,Ltd., Annual General Meeting, May 16, 2024 Beijing Baination Pictures Co.,Ltd., Annual General Meeting, May 16, 2024, at 14:00 China Standard Time. Location: Building 9, No. 30, Anli Road, Chaoyang District, Beijing China Reported Earnings • Apr 25
Full year 2023 earnings released: CN¥0.20 loss per share (vs CN¥0.023 profit in FY 2022) Full year 2023 results: CN¥0.20 loss per share (down from CN¥0.023 profit in FY 2022). Revenue: CN¥431.6m (down 7.9% from FY 2022). Net loss: CN¥185.9m (down CN¥206.7m from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 108 percentage points per year, which is a significant difference in performance. Announcement • Mar 30
Beijing Baination Pictures Co.,Ltd. to Report Q1, 2024 Results on Apr 29, 2024 Beijing Baination Pictures Co.,Ltd. announced that they will report Q1, 2024 results on Apr 29, 2024 Announcement • Dec 30
Beijing Baination Pictures Co.,Ltd. to Report Fiscal Year 2023 Results on Apr 25, 2024 Beijing Baination Pictures Co.,Ltd. announced that they will report fiscal year 2023 results on Apr 25, 2024 Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: CN¥0.005 (vs CN¥0.006 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.005 (up from CN¥0.006 loss in 3Q 2022). Revenue: CN¥68.6m (up 33% from 3Q 2022). Net income: CN¥4.54m (up CN¥10.2m from 3Q 2022). Profit margin: 6.6% (up from net loss in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Sep 30
Beijing Baination Pictures Co.,Ltd. to Report Q3, 2023 Results on Oct 30, 2023 Beijing Baination Pictures Co.,Ltd. announced that they will report Q3, 2023 results on Oct 30, 2023 Reported Earnings • Aug 30
Second quarter 2023 earnings released: CN¥0.024 loss per share (vs CN¥0.013 profit in 2Q 2022) Second quarter 2023 results: CN¥0.024 loss per share (down from CN¥0.013 profit in 2Q 2022). Revenue: CN¥72.3m (down 32% from 2Q 2022). Net loss: CN¥21.9m (down 285% from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
First quarter 2023 earnings released: CN¥0.015 loss per share (vs CN¥0.018 loss in 1Q 2022) First quarter 2023 results: CN¥0.015 loss per share (improved from CN¥0.018 loss in 1Q 2022). Revenue: CN¥42.8m (down 21% from 1Q 2022). Net loss: CN¥14.2m (loss narrowed 15% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Board Change • Apr 11
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Director & Board Secretary Qian Li is the most experienced director on the board, commencing their role in 2016. Non-Independent Director Lina Dong was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 27
Third quarter 2022 earnings released: CN¥0.006 loss per share (vs CN¥0.055 profit in 3Q 2021) Third quarter 2022 results: CN¥0.006 loss per share (down from CN¥0.055 profit in 3Q 2021). Revenue: CN¥51.4m (down 52% from 3Q 2021). Net loss: CN¥5.62m (down 111% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be CN¥5.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Meanwhile, the company has become profitable. Buying Opportunity • Sep 16
Now 21% undervalued Over the last 90 days, the stock is up 1.4%. The fair value is estimated to be CN¥5.58, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.0% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 26
Second quarter 2022 earnings released: EPS: CN¥0.013 (vs CN¥0.012 loss in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.013 (up from CN¥0.012 loss in 2Q 2021). Revenue: CN¥106.2m (down 50% from 2Q 2021). Net income: CN¥11.9m (up CN¥22.9m from 2Q 2021). Profit margin: 11% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 27
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: CN¥0.072 (down from CN¥0.14 in FY 2020). Revenue: CN¥802.7m (up 183% from FY 2020). Net income: CN¥66.3m (down 41% from FY 2020). Profit margin: 8.3% (down from 40% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 80%. Earnings per share (EPS) also missed analyst estimates by 866%. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improved over the past week After last week's 19% share price gain to CN¥5.96, the stock trades at a trailing P/E ratio of 40.1x. Average trailing P/E is 33x in the Entertainment industry in China. Total returns to shareholders of 12% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.055 (vs CN¥0.016 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: CN¥106.3m (up 355% from 3Q 2020). Net income: CN¥51.1m (up CN¥64.1m from 3Q 2020). Profit margin: 48% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors Non-Independent Director Guangxiong Kuang was the last director to join the board, commencing their role in 2019. Reported Earnings • Jul 30
Second quarter 2021 earnings released: CN¥0.012 loss per share (vs CN¥0.035 profit in 2Q 2020) The company reported a decent second quarter result with improved revenues, although earnings and control over costs were weaker. Second quarter 2021 results: Revenue: CN¥213.2m (up CN¥178.7m from 2Q 2020). Net loss: CN¥11.1m (down 139% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 17
Full year 2020 earnings released: EPS CN¥0.14 (vs CN¥0.14 in FY 2019) The company reported a mediocre full year result with weaker revenues, although earnings were flat and profit margins improved. Full year 2020 results: Revenue: CN¥283.9m (down 54% from FY 2019). Net income: CN¥114.0m (flat on FY 2019). Profit margin: 40% (up from 19% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Feb 03
Beijing HualuBaina Film&Tv Co., Ltd. (SZSE:300291) agreed to acquire Glowing Inc from Liu Yi, Beijing Guangyun Cultural Center (Limited Partnership) and Jiaxing Dianzan Equity Investment Partnership (Limited Partnership) for CNY 180 million. Beijing HualuBaina Film&Tv Co., Ltd. (SZSE:300291) agreed to acquire Glowing Inc from Liu Yi, Beijing Guangyun Cultural Center (Limited Partnership) and Jiaxing Dianzan Equity Investment Partnership (Limited Partnership) for CNY 180 million on February 2, 2021. Liu Yi, Beijing Guangyun Cultural Center (Limited Partnership) and Jiaxing Dianzan Equity Investment Partnership (Limited Partnership) will sell 72%, 20% and 8% stake respectively. Beijing HualuBaina Film&Tv Co., Ltd. will use its own funds to finance the transaction. For the year ended September 30, 2020, Glowing Inc reported Total assets of CNY 48.7 million, Equity of CNY 21.4 million, Revenues of CNY 42.2 million, operating profit of CNY 13.6 million and net income of CNY 11.6 million. Beijing HualuBaina Film&Tv Co., Ltd. fifteenth meeting of the fourth board of directors approved the transaction. The transaction does not need to be submitted to the shareholders meeting for review. Liu Yi, Beijing Guangyun Cultural Center (Limited Partnership) and Jiaxing Dianzan Equity Investment Partnership (Limited Partnership) promised that the net profit of Glowing Inc in 2021, 2022, and 2023 will be CNY 16 million, CNY 20 million and CNY 24 million respectively. Is New 90 Day High Low • Dec 28
New 90-day low: CN¥4.72 The company is down 24% from its price of CN¥6.25 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 18% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: CN¥5.24 The company is down 19% from its price of CN¥6.48 on 11 September 2020. The Chinese market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is down 16% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥5.57 The company is down 9.0% from its price of CN¥6.12 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 15% over the same period. Announcement • Sep 11
Beijing Hualu Baina Film &TV Inc. (SZSE:300291) agreed to acquire 49% stake in Xinhua Guanglian (Beijing) Media Investment Co., Ltd. Beijing Hualu Baina Film &TV Inc. (SZSE:300291) agreed to acquire 49% stake in Xinhua Guanglian (Beijing) Media Investment Co., Ltd. on December 15, 2015. Beijing Hualu Baina made a bid for the acquisition of 49% stake in Xinhua Guanglian (Beijing) Media Investment Co., Ltd. and submitted an application on December 10, 2015. Beijing Hualu Baina Film &TV Inc. will be using its own funds to finance the transaction. On December 15, 2015, Beijing Hualu Baina received “Buyer Qualification Confirmation Notice,” confirming Beijing Hualu Baina Film &TV Inc. as the buyer. Beijing Hualu Baina signed an asset exchange contract to acquire 49% stake in Xinhua Guanglian (Beijing) Media Investment Co., Ltd. on December 23, 2015.
As of December 31, 2014, Xinhua Guanglian (Beijing) Media Investment Co., Ltd. reported total assets of CNY 9.79 million, net assets of 9.77 million, operating profit of CNY 0.30 million and net profit of CNY 0.24 million. The Board of Directors of Beijing Hualu Baina Film &TV Inc. approved the transaction on December 10, 2015. Announcement • Aug 19
He Jianfeng cancelled the acquisition of 5% stake in Beijing HualuBaina Film&Tv Co., Ltd. (SZSE:300291) from Ningbo Puluofei Investment Management Co., Ltd. and Yang Yuxi. He Jianfeng signed an equity transfer agreement to acquire 5% stake in Beijing HualuBaina Film&Tv Co., Ltd. (SZSE:300291) from Ningbo Puluofei Investment Management Co., Ltd. and Yang Yuxi for approximately CNY 230 million on July 15, 2019. Under the terms, He Jianfeng will pay CNY 5.74 per share as consideration. Ningbo Puluofei Investment Management Co., Ltd. will transfer 40.6 million shares accounting for 4.97% stake and Yang Yuxi will transfer 0.3 million shares accounting for 0.03% stake to acquire Beijing HualuBaina Film&Tv Co., Ltd. The payment will be done in one single installment within 1 day since completion of delivery of underlying equity. Post completion, Ningbo Puluofei Investment Management Co., Ltd. will no longer hold any equity in Beijing HualuBaina Film&Tv Co., Ltd.
He Jianfeng cancelled the acquisition of 5% stake in Beijing HualuBaina Film&Tv Co., Ltd. (SZSE:300291) from Ningbo Puluofei Investment Management Co., Ltd. and Yang Yuxi on July 15, 2020. Announcement • Jul 18
Beijing HualuBaina Film&Tv Co., Ltd. to Report First Half, 2020 Results on Aug 11, 2020 Beijing HualuBaina Film&Tv Co., Ltd. announced that they will report first half, 2020 results on Aug 11, 2020 
