H&R Century Union Corporation operates in China's drama series production and artist brokerage sectors. It invests in, produces, and distributes film and television dramas, and also provides asset investment management services. Its other activities include artist management, games, and related derivative businesses. Formerly known as Stellar Megaunion Corp., it changed its name to H&R Century Union Corporation in February 2017. The company was founded in 1997 and is headquartered in Beijing, China.
Hangxiao Steel Structure Secures $166 Million Major Order
Hangxiao Steel Structure has signed a $166 million procurement contract for a DEP project with Dangote Petroleum Refining Free Zone Enterprise, securing a major order. Meanwhile, three government departments issued guidelines on overseas competition conduct and compliance building for the automotive industry, regulating companies' overseas pricing strategies. The world's first international standard for legged robots, led by China, has been officially released, and China has achieved a major breakthrough in the comprehensive utilization of refractory iron ore resources. China Securities Index Company will launch four artificial intelligence-related indices. Eurozone inflation rose to 3.3% in August. Other company updates include: Huanrui Century said revenue from AIGC business accounts for a low proportion; Bona Film Group's AI film and television business is still in its early stages; Seagull Housing reminded of the risk of abnormal share price increases; Jitai Corporation's liquid cooling silicone oil has not formed large-scale orders; BAIC BluePark's August sales rose 29.88% year-on-year; Huaxia Eye Hospital's actual controller plans to increase holdings by no less than 30 million yuan; Northeast Pharmaceutical's director plans to reduce holdings; KTK Group's shareholder plans to reduce holdings by no more than 3%; Zhongji Innolight repurchased 374,100 shares for the first time at a cost of 318 million yuan; Shandong University Electric Power won a bid for a China Southern Power Grid project worth about 15.806 million yuan; Far East Smarter Energy's August winning bids and signed contract orders totaled 1.78 billion yuan; Sunshine Corporation's subsidiary signed a 633 million yuan server leasing contract; and GigaDevice expects the DRAM supply shortage will not ease significantly by 2027.
600477.CG · Demand · Positive Hangxiao Steel Structure signed a $166 million procurement contract for a DEP project with Dangote Petroleum Refining Free Zone Enterprise, securing a major order.
600733.CG · Demand · Positive BAIC BluePark's August sales rose 29.88% year-on-year, indicating stronger end-customer demand for its vehicles.
600869.CG · Demand · Positive Far East Smarter Energy's August winning bids and signed contract orders totaled 1.78 billion yuan.
603680.CG · Capital · Negative KTK Group's shareholder plans to reduce holdings by no more than 3%, a negative capital/ownership event.
603986.CG · Supply · Negative GigaDevice expects the DRAM supply shortage will not ease, a supply-side constraint affecting its business.
000597.CS · Capital · Negative Article notes Northeast Pharmaceutical's director plans to reduce holdings, a negative insider-selling signal.
China's first AIGC long-form drama launches, Mango Excellent Media hits 20cm limit up for second straight day
China's first AIGC long-form drama, Journey to the West: The Later Story, has officially launched, igniting the A-share media sector, with Mango Excellent Media hitting the 20cm limit up for a second consecutive day. On September 1, the culture and media sector rose sharply, with H&R Century Union, China Television Media, IReader Technology, and Guangdong Guangzhou Daily Media among many stocks hitting limit up. On the news front, at 6 p.m. on August 31, the first season of Journey to the West: The Later Story, titled Huaguo Mountain Chapter, premiered on Mango TV, and at 8 p.m. it aired in the prime-time drama slot on Hunan Television, ranking first among provincial satellite channels in real-time ratings for its time slot upon its premiere broadcast. The drama is adapted from a Ming Dynasty novel and is the first nationwide series produced, reviewed, and aired simultaneously after the release of the 21 measures from the National Radio and Television Administration. Produced by Mango TV, it uses AIGC technology to complete visuals and character performances, with no live actors involved.
Huanrui Century's 2026 interim report shows net loss of 144 million yuan, widening year-on-year
Huanrui Century released its 2026 interim report. The company's total operating revenue was 248 million yuan, and net profit attributable to the parent company was negative 144 million yuan, a decrease of 137 million yuan compared with the same period last year, with the loss widening. Net cash flow from operating activities was negative 23.7061 million yuan, the asset-liability ratio was 56.01%, the gross margin was negative 8.14%, ROE was negative 28.42%, and diluted earnings per share was negative 0.15 yuan. The number of shareholders was 53,600, and the top ten shareholders held 42.33% of the total share capital.
H&R Century Pioneers Interactive Film-Game Matrix, Leading the New Content Track
Interactive film-games are moving from niche experiments toward a scalable track, and H&R Century is seizing the initiative through a matrix-based layout. According to DataEye Research Institute, the interactive film-game market was worth about 1.5 billion yuan in 2025 and is expected to grow to 1.8 billion yuan in 2026, while the closely related micro-drama market had already surpassed 100 billion yuan by the end of 2025. H&R Century's main-invested and main-controlled title 'Looking North Across the Rivers and Mountains' has accumulated nearly 6,000 reviews on Steam with a positive rating above 90 percent, and has already enabled multi-platform operations across PC and mobile. The company has produced or distributed multiple works including 'Oh No! I'm Surrounded by Beauties! 2', 'My Robot Girlfriend', and 'Code Name Three Kingdoms: Dragon Rises', covering historical intrigue, doomsday survival, science fiction, and female-oriented genres. The National Radio and Television Administration's 'Micro-Drama Quality Creation and Distribution Plan' proposes launching 1,000 outstanding micro-dramas by the end of 2026. Policy support and lower production barriers driven by technology are combining to solidify the foundation for the large-scale development of the new content industry. H&R Century has deep roots in the film and television industry, having produced works such as 'Palace: The Locked Heart Jade', 'Swords of Legends', 'The Lost Tomb', and 'Mysterious Lotus Casebook', and is advancing the application of AIGC technology around its 'content plus technology' strategy, promoting synergy among interactive film-games, TV dramas, short dramas, and artist management.
Summer Box Office Heats Up, Stirring Film Stock Swings; Ruyi Film Pulls Back After Two Consecutive Limit-Ups
The summer box office is heating up. Comedy film Kung Fu Women's Soccer crossed 1 billion yuan in box office on its seventh day of release, with a projected total of 2.56 billion yuan. Animated feature The Eight Immortals! has earned over 80 million yuan from previews and pre-sales, and the industry sees it as having the potential to surpass 1 billion yuan. In the capital markets, the film and cinema sector strengthened on July 16, with Ruyi Film, Shanghai Film, and Huanrui Century hitting their daily limit up. But the sector pulled back overall on the 17th. Ruyi Film, one of the producers of The Eight Immortals!, recorded two consecutive limit-ups on the 15th and 16th, then fell 2.23 percent on the 17th. Another Ruyi Film production, The Annual Meeting Can't Stop 2!, is also seen as a summer contender; its predecessor grossed nearly 1.3 billion yuan. The summer season's shift from a slow start to a strong run may boost confidence in a sluggish first-half film market. Upcoming releases include When the Stars Shine, Battle of Penghu, Spider-Man: Brand New Day, and The Odyssey.
A-shares close morning session lower; film, healthcare sectors buck trend; ChangXin Technology opens for subscription
On the morning of July 16, the three major A-share indices fell collectively. The Shanghai Composite Index dropped 0.82% to 3,923.2 points, the Shenzhen Component Index fell 0.83%, the ChiNext Index declined 1.73%, and the STAR Composite Index slipped 0.76%. Over 3,200 stocks across the market rose. The film and cinema sector bucked the trend, with Ruyi Film hitting the daily limit for a second straight session, Huanrui Century notching its third daily limit in six sessions, Shanghai Film surging by the daily limit, and Enlight Media jumping nearly 7%. In news, the movie "Eight Immortals" produced by Ruyi Film is set for release on July 18, with pre-sale box office exceeding 50 million yuan. Total box office for 2026 has surpassed 19 billion yuan, and the summer season box office has topped 3.3 billion yuan. CRO concept stocks rallied again, with Joinn Laboratories soaring 8.49%. The company expects first-half net profit attributable to shareholders of 600 million to 900 million yuan, a year-on-year increase of 884.9% to 1,377.4%, mainly due to rising prices of laboratory monkeys. A research report from Zheshang Securities pointed out that the domestic supply-demand gap for laboratory monkeys from 2026 to 2028 is at least 15,000 to 20,000, and monkey prices may remain high. ChangXin Technology opened for subscription today, with an issue price of 8.66 yuan per share, planning to issue 6.688 billion new shares, or 7.691 billion shares if the over-allotment option is fully exercised. The online lottery winning rate is expected to be in the range of 0.3% to 0.7%. In Hong Kong, the Hang Seng Tech Index rose over 3%, Alibaba gained over 5%, Tencent added 2.6%, and Xiaomi and Meituan both surged over 5%.
Movie stocks surge to lead A-shares, Ruyi Film hits limit-up for two straight days
The A-share market fluctuated at low levels on the morning of July 16, with the media sector leading the gains and multiple movie stocks standing out. Ruyi Film hit limit-up for two consecutive days, while Dian Sheng, Zhidu, Shanghai Film, Huanrui Century, and Enlight Media were among the top gainers. The summer box office is heating up, with Stephen Chow's Kung Fu Women's Soccer grossing over 800 million yuan. The telecommunications sector plunged more than 4 percent, with Yitong Communications and Chengtian Weiye falling over 10 percent, and Mengwang Technology hitting limit-down. New stock Longxin Intelligent rose over 120 percent during the session; the company is a national-level specialized and sophisticated little giant enterprise. The Hang Seng Index rose over 2 percent intraday, and Maifushi surged over 30 percent on strong AI business revenue growth expectations.
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