Lukang Culture (601599):2018 Net Profit Decreased By 65.89%-79.54%

Lukang culture (601599) issued the 2018 annual performance pre reduction notice. It is estimated that the net profit attributable to shareholders of listed companies will be 60 million yuan to 100 million yuan in 2018. Compared with the same period last year, it will reduce 193 million yuan to 233 million yuan, down 65.89% to 79.54% over the same period last year.

In addition, net profit from non recurring gains and losses attributable to shareholders of listed companies is estimated to be between 55 million yuan and 95 million yuan, down 63.11% to 78.64% compared with the same period last year.

In terms of film and television sector, in 2018, the film and television sector was affected by a series of unfavorable factors such as macroeconomic, financial deleveraging, bank contraction and loan quota, which caused the company to be more nervous in terms of capital. The TV drama "love to win", "politics and Secretary Liao Junbo" and "life and death Baghdad" planned by the company at the beginning of the year did not complete the shooting and distribution according to the plan because of financial reasons. At the same time, the films such as "beloved Van Gogh", "European strategy" and "writing poems for you" did not get the expected box office income. The above factors had a comprehensive impact, resulting in a larger decline in the income of the company's film and television sector than in previous years.