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Huace Film and TV Co., Ltd. (Huace Film and TV) will strive to become the second film corporation listed on ChiNext. Moreover, it made an application to the China Securities Regulatory Commission on June 28. According to draft declaration of prospectus, Huace Film and TV plans to issue 14.12M shares. RMB320.00M under fundraising will be used to “replenish operation capital items of drama film business”, and the rest for “other main business-related operation capital items”.
Data shows, core business of Huace Film and TV involved film and TV production, distribution and derivatives business. Its annual output can reach 300 sets of production-scale TV shows.
In 2009, as a production unit，the company issued domestic and co-production of TV shows 249 sets of 6 series, according to this number of sets and series, market share were located in the second position among private production sector.
Audit report of Tianjian Accounting Firm showed that turnovers of Huace Film and TV from 2007 to 2009 were RMB56.00M, RMB105.00M, and RMB166.00M, and corresponding net profits were RMB23.56M, RMB38.30M, and RMB55.42M.
In accordance with the calculation of the total share capital of 56.48M shares, the company's earnings per share (EPS) for 2007-2009 were RMB0.417, RMB0.678 and RMB0.981.
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