The new regulatory rules will include selling restrictions, mechanisms and a predisclosure system to help decrease the negative impact on the capital market. (Photo : Reuters)
Despite the news of sliding stocks in the world's second largest economy, Chinese film outfits have posted strong first-half revenue figures, as stated in released reports to the Shenzhen Stock Exchange.
Huayi Brothers profited 35.41 percent, earning $78.6 million in the first six months. Meanwhile, its revenue has increased to $193 million, a 167.26-percent jump.
Last week, the film company inked a $4.7-billion deal with Ping An Bank in a bid to speed up its multimedia entertainment business.
For the past 21 years, Huayi was able to produce more than 100 film titles. It was also a major investor in "Fury," which starred top-calibre Hollywood actors Brad Pitt and Shia LaBeouf.
On the other hand, Huace, another film and TV production and distribution outfit, reported that it gathered revenues of $143 million, an increase by 20.82 percent.
This outfit that has partnered with Arclight's Asian unit Easternlight on "Lights Out," a female superhero film, has also posted an increase on its net profit, 7.55 percent, surging the figure to $34 million.
LeTV, a Chinese video content provider, reported a $700 million worth of revenue, which is equivalent to a 51.79-percent increase. Its film unit, LeVision Pictures, is regarded as a growing force in the film production business.
LeTV's net profit also garnered a whopping jump in its net profit statistics with its $39.76 million earning, a 67.7-percent increase.
The net revenues of Chinese private film company Bona Film Group have also risen, according to recent reports. It posted a 58.5-percent year-on-year growth, tantamount to earning a net of $71.1 million in 2015's second quarter.
