Powered by the strong performance of animated film "Nezha: The Devil Child's Adventure in the East Sea" (Nezha 2) during the Spring Festival season, Beijing Enlight Media Co.,Ltd. achieved a 143% year-over-year revenue growth and a remarkable 372% surge in net profit for the first half of 2025. Film and related derivative business revenue reached 31.02 billion yuan, representing a 218.54% increase compared to the same period last year. The company announced it will not distribute cash dividends, bonus shares, or convert capital reserves to share capital.
On August 26, Beijing Enlight Media Co.,Ltd. released its H1 2025 financial results:
• Operating revenue of 32.42 billion yuan, up 143% year-over-year • Net profit attributable to shareholders of 22.29 billion yuan, up 372% year-over-year • Operating cash flow of 29.82 billion yuan, up 413% year-over-year • Gross margin of 78.27%, an increase of 32.67 percentage points compared to the same period last year
Key Business Developments:
• "Nezha 2" serves as the core performance driver, scheduled for release in 45 countries and regions • Animation production team exceeds 170 people, with potential expansion to over 300 staff • Rich film project pipeline includes 46 movies in production and planning stages • IP operations business showing initial success, with derivatives covering 30 categories and over 500 products
"Nezha 2" Ignites Performance, Core Film Business Shows Strong Recovery
Financial data reveals that Beijing Enlight Media Co.,Ltd. achieved operating revenue of 32.42 billion yuan in H1 2025, representing a 143.00% year-over-year increase. Net profit attributable to listed company shareholders reached 22.29 billion yuan, surging 371.55% compared to the previous year. This performance significantly exceeded market expectations, primarily driven by substantial box office revenue recognition from multiple films including "Nezha: The Devil Child's Adventure in the East Sea" during the reporting period.
In H1 2025, Beijing Enlight Media Co.,Ltd.'s film and related derivative business revenue reached 31.02 billion yuan, up 218.54% year-over-year, with a gross margin of 80.03%, establishing itself as the absolute pillar of company performance.
During the reporting period, the company's major investment and distribution project, animated film "Nezha 2," was released on January 29 (Chinese New Year's Day), becoming a key catalyst for box office success. Combined with "One and Only" and "A Chinese Ghost Story," which carried over partial box office revenue from 2024, films contributing to the company's box office revenue during the reporting period achieved a cumulative total box office of approximately 154.63 billion yuan. Net cash flow from operating activities reached 29.82 billion yuan during the reporting period, surging 412.66% year-over-year.
Animation "Mythology Universe" Takes Shape, IP Operations Emerge as New Growth Driver
Public information shows that "Nezha 2" has five production companies: Chengdu Cocoa Bean Animation Film Co., Ltd., Beijing Enlight Media Co.,Ltd., Beijing Enlight Pictures Co., Ltd., Chengdu Zizai Jingjie Culture Media Co., Ltd., and Beijing Coloroom Pictures Co., Ltd. Among these, Beijing Enlight Media Co.,Ltd. holds approximately 60% of the investment in "Nezha 2."
Currently, derivative product development around the "Nezha" IP covers over 30 categories and more than 500 products. Additionally, the company has prepared online e-commerce channels and plans to open pop-up stores and offline flagship brand stores. In the gaming sector, the company has established a team of over 50 people with partners, with the first AAA game currently in production. Card game business and theme park projects are also actively being negotiated.
The company stated that it will concentrate resources on producing blockbuster films while focusing on genre-based and serialized development. For example, the success of "Article 20" has opened a new chapter for Chinese legal-themed film series, with future creations planned around different cases.
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