Recent risk information shows that Huayi Brothers Media Corporation and its subsidiary Huayi Brothers Pictures have been added to the enforcement list, with an enforcement target of over 74.73 million yuan. The enforcement was issued by the Chaoyang District People's Court in Beijing.
Huayi Brothers Media Corporation was established in November 2004, with Wang Zhongjun as its legal representative and a registered capital of approximately 2.77 billion yuan. The company is jointly held by Wang Zhongjun, Wang Zhonglei, and others.
On December 10, Huayi Brothers disclosed that due to economic conditions, some repayments had not been received, leading to temporary liquidity issues. As of that date, the company's overdue debts with banks and financial institutions totaled 52.5 million yuan, exceeding 10% of its audited net assets for 2024.
On the same day, another announcement revealed that 153.92 million unrestricted shares held by Wang Zhongjun, the controlling shareholder and actual controller, would undergo a second judicial auction. These shares account for 48.54% of his total holdings and 5.55% of the company's total shares.
In the first three quarters of 2025, the company reported total operating revenue of 215 million yuan, a 46% year-on-year decline, and a net loss attributable to shareholders of 114 million yuan, widening by 168% year-on-year. From 2018 to 2024, Huayi Brothers recorded net losses of 1.169 billion yuan, 3.978 billion yuan, 1.048 billion yuan, 246 million yuan, 981 million yuan, 539 million yuan, and 285 million yuan, respectively, accumulating over 8.2 billion yuan in losses over seven years.
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