Straw Bear Entertainment (02125) announced the results for the year ended December 31, 2023. The group received revenue...
According to the Zhitong Finance App, Straw Bear Entertainment (02125) announced the results for the year ended December 31, 2023. The group obtained revenue of RMB 841 million (same unit), and the owner of the parent company should have accounted for a loss of RMB 109 million, or 16.1 points per share.
During the reporting period, the Group's platform-based operating model operated in an efficient and orderly manner. Coupled with continuously improved internal “big, medium and platform” management capabilities, the Group was able to gather high-quality resources in the industry and explore them in depth. With increasingly refined commercial management service capabilities, the Group can quickly allocate high-quality resources within the industry, and systematically integrate leading industry resources such as excellent screenwriters, producers, directors and actors, filming and production studios, and external quality control experts into a complete ecosystem to provide a full range of commercial services to outstanding participants in all production processes. At the same time, the Group continues to adhere to the long-term principle of producing high-quality content as its development strategy, continuously consolidating its main business, selecting the best to improve the quality of series, and flexibly controlling the number of series to meet the rapid changes and growing demand for high-quality content in the market. During the reporting period, the Group aired a number of high-quality series and achieved good broadcast results and market reputation. As of December 31, 2023, the Group has also accumulated a large number of series to be broadcast and prepared with a wide variety of topics.
Looking forward to the future, the Group will maintain its strategic strength, continue to implement and continuously optimize the platform-based operating model; always adhere to the long-term principle of high-quality content, strengthen IP operation management, and continuously and stably output quality series to the audience; rationally explore breakthrough applications of new technologies such as algorithm applications and AIGC in business to improve production efficiency and promote industrial production; strive to expand monetization channels to promote subsequent commercialization of high-quality content; keep up with the correct direction of green operation and development, promote the Group's more efficient and sustainable development, and contribute to achieving ESG's “double carbon” goals.
The beginning is about the overall situation, and the beginning determines the future. In 2024, the Group will work hand in hand with outstanding industry participants to explore and explore more high-quality content value, provide the audience with diverse quality content and works, and stabilize and expand in the ever-changing industry trend through practical actions.