China's enforcement information disclosure platform shows that Huayi Brothers Media Corporation (hereinafter referred to as "Huayi Brothers") and Huayi Brothers Film Co., Ltd. have been added to a new enforcement case, with an enforcement amount of 74.7321 million yuan.
According to the details, the enforcement court is the Beijing Chaoyang District People's Court, and the case was filed on December 19, 2025. Tianyancha APP data reveals that Huayi Brothers Film Co., Ltd. is a wholly-owned subsidiary of Huayi Brothers. As of now, the total enforcement amounts for both Huayi Brothers and Huayi Brothers Film Co., Ltd. stand at 74.7321 million yuan.
Notably, on December 10, Huayi Brothers disclosed in an after-market announcement that due to some receivables failing to materialize as scheduled, the company faced temporary liquidity constraints, resulting in certain debts not being repaid on time. According to the company's internal verification, as of December 10, overdue debts to banks and other financial institutions totaled 52.5 million yuan, exceeding 10% of the company's audited net assets for 2024.
On the same day (December 10), Huayi Brothers also announced that the first auction of 154 million shares held by controlling shareholder and actual controller Wang Zhongjun had failed and would proceed to a second judicial auction. Shares held by Wang Zhongjun (317 million shares, 11.43% stake) and Wang Zhonglei (66.1 million shares, 2.38% stake) have been fully frozen.
Tianyancha information indicates that Huayi Brothers is a listed film and entertainment enterprise established in November 2004 in Dongyang City, Zhejiang Province, with legal representative Wang Zhongjun. The company primarily engages in film and television production, distribution, artist management, and derivative businesses.
In the third quarter of 2025, Huayi Brothers reported operating revenue of 62.5956 million yuan, a year-on-year decrease of 31.61%, with a net loss of 39.462 million yuan, representing a 41.27% improvement year-on-year. For the first three quarters, the company's revenue declined by 46.08% compared to the same period last year, mainly due to reduced income from film and entertainment operations.
In the secondary market, as of December 24, Huayi Brothers' stock rose 1.91% to close at 2.13 yuan per share, with a total market capitalization of 5.9 billion yuan.
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