600637 Oriental Pearl GroupWatchlist
About Oriental Pearl Group Company
The company is a unified industrial platform and capital platform under Shanghai Radio and Television and Shanghai Culture Radio, Film and Television Group Co., Ltd. (SMG). The company has a domestic omni-channel video integration and distribution platform and unique cultural content, cultural tourism consumption and other resources, forming a smart radio and television business focusing on integrated media, smart radio and television 5G, as well as a cultural consumption business focusing on retail, cultural tourism, and cultural real estate. It is committed to building a first-class digital intelligence cultural media service group in China. The company further optimized and adjusted its business layout to form a smart radio and television business focusing on integrated media, smart radio and television 5G, and a cultural consumption business focusing on retail, cultural tourism, and cultural real estate. Company business: smart radio and television business, cultural consumption business, cultural real estate business. Corporate honors: In 2018, the company was ranked as one of the “World's Top 500 Media Companies”, “China's Top 100 Internet Enterprises”, and was selected as one of the “Top 100 Chinese Brand Value Lists”, the “Top 100 Chinese Listed Companies Brand Value List”, and the “Fortune” China Top 500, and was selected as China's “Top 30 Cultural Enterprises” for 7 consecutive years.
Is Oriental Pearl Group Co.,Ltd.'s (SHSE:600637) Stock On A Downtrend As A Result Of Its Poor Financials?
Oriental Pearl GroupLtd (SHSE:600637) has had a rough three months with its share price down 11%. We decided to study the company's financials to determine if the downtrend will continue as the long
Lao Fengxiang's announcement: Oriental Pearl purchased 2.44% of Laofengxiang's shares in Shanghai with 499 million yuan in cash
Glonghui September 12 | Lao Fengxiang issued an announcement to relinquish priority purchase rights for some non-state-owned shares of the holding subsidiary Shanghai Laofengxiang Co., Ltd., and Oriental Pearl New Media Co., Ltd. used RMB 498 million in cash to purchase 2.44% of the shares of the target company held by the transferor. The equity transferor is the Central Land Integration (Shanghai) Arts and Crafts Equity Investment Center (Limited Partnership). According to the announcement, the target company confirmed that from the settlement date, the transferee has the right to share the target company's profits, dividends, risks and losses from January 1, 2023 according to the proportion of shares held by the target company in accordance with the law.
Oriental Pearl (600637): 2Q23 performance exceeds expectations, cultural tourism business recovers faster
1H23 results were higher than our expectations. The company announced 1H23 results: 1H23 revenue of 3,548 million yuan, up 16.7% year on year; net profit of 516 million yuan, up 72.7% year on year; net profit of non-homo net profit reduced