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Jay Chou' s four-day China concert in Tianjin drive local consumption by RM1.9b
KUALA LUMPUR, Sept 13 &mdash King of Mandopop Jay Chou' s recent four-day concert at Tianjin, China, has driven local consumption by a whopping three billion yuan (RM1.9 billion).
Quoting figures released by Tianjin Municipal Government, China Times reported that the event saw 185,000 people attending.
Of the number, 38 percent are locals while the rest are from outside of the city.
The concerts, held from September 7 to 10 at Tianjin Olympic Centre, has further promoted local business, culture and tourism.
From September 6 to 11, there was an increase of 11.7 per cent in the overall number of tourism orders compared to the previous week while tourist arrivals also increased by 8.57 per cent during the same period.
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Meanwhile, hotel occupancy grew 91 per cent while room rates recorded an uptick of 25.9 per cent.
As seen from the figures, the authorities opined that performances and travelling has injected new vitality.
It has also become a &ldquo new engine&rdquo to drive urban economic development.
The concert was part of Chou' s Carnival World Tour that began in 2019 and expected to end May 19 next year at Fuzhou, China.
KUALA LUMPUR, Sept 13 &mdash King of Mandopop Jay Chou' s recent four-day concert at Tianjin, China, has driven local consumption by a whopping three billion yuan (RM1.9 billion).
Quoting figures released by Tianjin Municipal Government, China Times reported that the event saw 185,000 people attending.
Of the number, 38 percent are locals while the rest are from outside of the city.
The concerts, held from September 7 to 10 at Tianjin Olympic Centre, has further promoted local business, culture and tourism.
From September 6 to 11, there was an increase of 11.7 per cent in the overall number of tourism orders compared to the previous week while tourist arrivals also increased by 8.57 per cent during the same period.
ADVERTISING
Meanwhile, hotel occupancy grew 91 per cent while room rates recorded an uptick of 25.9 per cent.
As seen from the figures, the authorities opined that performances and travelling has injected new vitality.
It has also become a &ldquo new engine&rdquo to drive urban economic development.
The concert was part of Chou' s Carnival World Tour that began in 2019 and expected to end May 19 next year at Fuzhou, China.
$GHY Culture(XJB.SI) There is a reason behind the lag of concerts from GHY because they will continue to want to invest into Jay chou. Think about this - they just need Jay chou. Jay is also very integrated with the company, if you still dont know.
" GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan and the PRC (excluding Hong Kong and Macau) either on a long-term basis or without any expiry in time."
https://links.sgx.com/1.0.0/corporate-announcements/LQSBWIX7VMOKHOJQ/62d37fe2442c45443f0aac573ddf8a860c39e1c288e474dc70676c5ca39b0317
GHY invests in a series of Jay Chou&rsquo s Carnival World Tour concerts in China
GHY Culture & Media XJB 0.00% , through its indirect associated company, Beijing Changxin Film & Media, has entered into two cooperation agreements with Shanxi Xingtai Film, Culture & Entertainment.
Under the agreements, Beijing Changxin had invested in a series of Jay Chou&rsquo s Carnival World Tour concerts. The Mandopop star held a series of concerts in Hohhot from Aug 17 to 20, and will hold another series of concerts in Taiyuan from Sept 21 to 24. Hohhot is located in Inner Mongolia while Taiyuan is located in China&rsquo s Shanxi province.
Beijing Changxin was involved in the production of these concerts and was also named as an organiser.
According to GHY, China&rsquo s reopening saw new opportunities within the live entertainment space arising from the pent-up demand for concerts and live performances.
Referring to data from the China Association of Performing Arts, ticket revenue from commercial performances was said to be close to RMB5 billion ($941.7 million) in the first quarter, surging about 111% y-o-y. The number of audience members skyrocketed 143% to 22 million.
Anchored by its two core businesses of TV programme and film production and concert production, GHY expects its business operations to further normalise in FY2023.
" Similar to the trends in other countries, demand for concerts and live performances have surged significantly in China since Covid-related restrictions were lifted in late 2022. Mandopop superstar Jay Chou is hugely popular in China, where he has a strong fan base. It has been nearly three years since his last concert in China and hence, we believe there will be strong demand for his largescale concerts that we are excited to be a part of,&rdquo says Guo Jingyu, executive chairman and group CEO of GHY.
Singer Jay Chou invites superstar Jackie Chan as his special guest at China concert
TIANJIN &ndash Talk about a dream pairing of superstars from the music and movie worlds.
Taiwanese Mandopop king Jay Chou, who is on his Carnival World Tour in China, managed to snag Hong Kong action star Jackie Chan as his special guest during the third day of his concert in Tianjin last Saturday.
Chou, 44, was performing the song Faraway (2006) when Chan, 69, appeared on stage via a rising platform and sang along with him.
More than 40,000 fans at the Tianjin Olympic Centre Stadium shouted and cheered at the actor&rsquo s surprise cameo.
Chan recently starred in the movies Ride On (2023) and Hidden Strike (2023) and also voiced the character Master Splinter in the animated film Teenage Mutant Ninja Turtles: Mutant Mayhem (2023).
Chou and Chan hugged each other on stage after performing the song, with Chan saying he was stunned by the fans&rsquo loud cheers.
&ldquo Brother, do you want to feel it again?&rdquo Chou asked, before telling the crowd: &ldquo Let&rsquo s use the nunchucks.&rdquo
They responded in unison with &ldquo Heng heng ha xi&rdquo , which is part of the chorus of Chou&rsquo s 2001 song Nunchucks.
Chan then replied: &ldquo I will perform the Drunken Master next time. Heng heng ha xi,&rdquo referring to the theme song of his gongfu movie Drunken Master II (1994).
When Chou asked Chan if he wanted to perform another song, Chan joked that Chou should leave the stage for a costume change so that Chan could do a solo routine.
Chan then picked Chou&rsquo s 2006 ballad Listen To Mum for their next duet, as Chan said he could not keep up with Chou&rsquo s more fast-paced tracks such as Nunchucks.
He also thanked Chou for composing Thank You My Love (2018), a tune which touched his family members.
Chou said: &ldquo This song can also be used to thank all the fans and friends for their support along the way.&rdquo
Chan took the opportunity to add: &ldquo Thank you to all the fans for supporting him, thank you to all the movie fans for supporting me. Thank you everyone.&rdquo
Chou had invited his good friend, Taiwanese artiste and fitness live-streamer Will Liu as his special guest during the first day of his concert in Tianjin, and Taiwanese singer-actor Alec Su &ndash winner of the second season of Chinese reality singing contest Call Me By Fire in 2022 &ndash on the second day.
Chou will perform next in Taiyuan city in Shanxi province from Sept 21 to 24.
GHY Invests in a Series of Mandopop Superstar Jay Chou' s Carnival World Tour Concerts in China
- A series of Jay Chou&rsquo s Carnival World Tour concerts were held in the city of Hohhot in the People' s Republic of China (" PRC" ) from 17 August 2023 to 20 August 2023 (周 杰 伦 " 嘉 年 华 " 演 唱 会 呼 和 浩 特 站 ) and will be held in the city of Taiyuan in the PRC from 21 September 2023 to 24 September 2023 (周 杰 伦 " 嘉 年 华 " 世 界 巡 回 演 唱 会 太 原 站 ).
- GHY has the rights to undertake the production of concerts for Jay Chou in Singapore, Malaysia, Australia, Thailand, Japan and the PRC (excluding Hong Kong and Macau) either on a long-term basis or without any expiry in time.
G.H.Y Culture & Media Holding Co., Limited (" GHY" , and together with its subsidiaries and its PRC Affiliated Entities1, the " Group" ), a leading player in the media and entertainment industry, is pleased to announce that Beijing Changxin Film & Media Co., Ltd (北 京 长 信 影 视 传 媒 有 限 公 司 ), an indirect associated company of GHY, has entered into two cooperation agreements to invest in a series of Jay Chou' s Carnival World Tour concerts in the PRC that were held in August 2023 and that will be held in September 2023.
The reopening of the PRC has brought on new opportunities arising from the pent-up demand for concerts and live entertainment in the PRC. According to data from the China Association of Performing Arts, ticket revenue from commercial performances was close to RMB 5 billion in the first quarter, surging about 111 percent from a year ago and the number of audience members skyrocketed 143 percent to 22 million2.
Anchored by its two core businesses of TV Program and Film Production and Concert Production, the Group expects its business operations to further normalise in FY2023.
Mr. Guo Jingyu (郭 靖 宇 ), Executive Chairman and Group CEO, said, " Similar to the trends in other countries, demand for concerts and live performances have surged significantly in the PRC since COVID-related restrictions were lifted in late 2022.
Mandopop superstar Jay Chou is hugely popular in the PRC, where he has a strong fan base. It has been nearly three years since his last concert in the PRC and hence, we believe there will be strong demand for his large- scale concerts that we are excited to be a part of.&rdquo
Company has skin in the game for these concerts
https://www.sixthtone.com/news/1013352
https://www.sixthtone.com/news/1013352
$GHY Culture(XJB.SI) China is in a low interest rate environment now. Look at the low interest low it gotten from China. People forget the advantage this company has in China.
https://links.sgx.com/1.0.0/corporate-announcements/U4FRZ8PER9R7OZXA/1aaedfa5378a1b59228948265e6cc60be6f74889683c95e05795b752eadeb23f
GHY maintains steady buybacks MindChamps' Du trims stake
GHY Culture & Media has kept up with its steady share buybacks from the open market. The most recent acquisition was on Aug 29, when it acquired 2,300 shares at 36.5 cents each. This brings the total number of shares bought back under the current mandate to 604,200 shares or 0.057% of the company&rsquo s share base.
Before the latest transaction, GHY had bought back shares on most trading days after it announced its 1HFY2023 ended June earnings on Aug 7.
On Aug 23, 24, 25 and 28, it acquired 3,300 shares at 36.6 cents each, 3,300 shares at about 36.7 cents each, 38,300 shares at about 36.5 cents each and 42,300 shares at about 36.5 cents respectively.
In 1HFY2023, GHY, which produces dramas and organise concerts, recorded a revenue of $32.7 million, up 58% y-o-y, as it booked more revenue from organising concerts and drama production. However, it remained in the red with a loss of $1.9 million, versus losses of $1.8 million incurred for 1HFY2022.
GHY attributes the losses to a weaker renminbi, in which it receives its revenue, versus its reporting currency, the Singdollar. According to GHY, if the forex losses of some $3.4 million recognised were disregarded, it would have reported earnings of $1.5 million for 1HFY2023.
&ldquo While the foreign exchange loss recorded in 6M2023 has outpaced our operational profitability, we remain optimistic for FY2023 with our strategic priorities and plans ahead,&rdquo says executive chairman Guo Jingyu in his earnings commentary, adding that the company expects to achieve turnaround and profitability for the current FY.
On Aug 28, GHY announced that Beijing Changxin Film & Media, an indirect associate, had entered into a co-production agreement with Shanghai Tencent Penguin Film & Culture Communication, which is under China&rsquo s internet giant Tencent Holdings.
Under the agreement, the parties have agreed to co-produce a drama series titled &ldquo Contenders&rdquo . Production will start in November. As described by GHY, the drama series forms part of GHY&rsquo s pipeline of dramas and films as it continues to strive to deliver quality entertainment content through its in-house script production team that developed the script.
&ldquo The company believes that the co-production of this drama series is a testament to the group&rsquo s strong partnership with Tencent Video.
&ldquo Over the years, the group has built up an established network of business relationships and partnerships with key industry players in the media and entertainment industry which forms an integral part of the group&rsquo s business expansion and the execution of its long-term growth plans,&rdquo adds GHY.
Doubling the money
Catherine Du, a substantial shareholder of MindChamps PreSchool, has sold all 70,000 shares she held directly, having doubled her money after holding the shares for just over four months. On Aug 21, Du sold these 70,000 shares at 29 cents each on the open market. She had bought the same shares on April 6 at 15 cents each.
Despite the sale, Du is still a 35.77% owner of an entity called Champion Minds, which, in turn, holds 126.6 million MindChamps shares, equivalent to just over 52% of the company.
On Aug 10, MindChamps PreSchool, which offers preschool education across the region, reported earnings of $7.1 million in 1HFY2023 ended June, a surge of 379% y-o-y over $1.49 million reported in 1HFY2022. Revenue was up 11% y-o-y to $35.2 million as the company was able to book more franchising fees.
For more stories about where money flows, click here for Capital Section
MindChamps, under executive chairman and controlling shareholder David Chiem, is actively growing via an asset-light franchising model instead of owning and operating its own schools.
The company recently appointed another master franchise licence for Western Australia, with a flagship centre that is scheduled to open in Perth in 1Q2024. It is also on track with its US expansion and is now registered in every major state.
Recovery are in motion for them....
GHY: Collaboration with Tencent Video for the Production of &ldquo Contenders"
The Board of Directors (the " Board" ) of G.H.Y Culture & Media Holding Co., Limited (the &ldquo Company" and together with its subsidiaries and associated companies, the " Group" ) wishes to announce that Beijing Changxin Film & Media Co., Ltd (北 京 长 信 影 视 传 媒 有 限 公 司 ), an indirect associated company of the Company, has entered into a co-production agreement (" Co-Production Agreement" ) with Shanghai Tencent Penguin Film & Culture Communication Co., Ltd. (上 海 腾 讯 企 鹅 影 视 文 化 传 播 有 限 公 司 ) (" Tencent Video" ).
Pursuant to the Co-Production Agreement, the parties have agreed to co-produce a drama series titled " Contenders 狮 城 山 海 " and production will commence from November 2023.
This drama series forms part of the Group' s pipeline of dramas and films, as the Group continues to strive to deliver quality entertainment content through our in-house script production team that developed the script for " Contenders 狮 城 山 海 " .
The Company believes that the co-production of this drama series is a testament to the Group' s strong partnership with Tencent Video. Over the years, the Group has built up an established network of business relationships and partnerships with key industry players in the media and entertainment industry which forms an integral part of the Group' s business expansion and the execution of its longterm growth plans.
The Co-Production Agreement is not expected to have any material impact on the earnings per share or net tangible assets per share of the Company for the financial year ending 31 December 2023. The Company will make further announcements to keep shareholders informed of the business updates of the Group, as appropriate or when there are material updates or developments.
$GHY Culture(XJB.SI) Lots of catalyst for year end results: Jay chou china concert, 3 new drama coming up (Note that drama filming is cash upfront!), new revenue in musical production, plus media hub in Asia.
Year end result will be great!
https://links.sgx.com/1.0.0/corporate-announcements/IEXVMWMASS6MH03B/b3a0272eb3ab4872c9d5a3f214fa6980f8ac3651ccdb6f3bd1418459f2751bbe
$GHY Culture(XJB.SI) You may have missed it - the latest result shows an NET CASH from operating activities, and the press release also states " Anchored by its " IP franchise" business strategy, the Group has entered into various production collaborations with leading streaming service providers in the PRC (such as iQIYI, Tencent Video, etc) and expects a stronger pipeline of new drama productions for FY2023 and FY2024."
The future looks bright. It is turning around.
https://links.sgx.com/1.0.0/corporate-announcements/IEXVMWMASS6MH03B/b3a0272eb3ab4872c9d5a3f214fa6980f8ac3651ccdb6f3bd1418459f2751bbe
Core performance are coming back with much higher gross profits. Forex loss cannot be helped, marco factors that are beyond their control. I believe the forex loss is non-cash and just an accounting requirement...
GHY' s outlook seem bullish, eyes turnaround and profit in FY2023 with activities normalising.
DYODD
GHY' s outlook seem bullish, eyes turnaround and profit in FY2023 with activities normalising.
DYODD
GHY&rsquo s Revenue Surged 58% to S$32.7 Million with Gross Profit Increasing by 110% to S$10.6 Million in 6M2023 Eyes Turnaround and Profitability in FY2023&bull Reflecting a return to a more normalised operating environment with the reopening of the People&rsquo s Republic of China (&ldquo PRC&rdquo ), the Group achieved higher gross profit and higher gross profit margin in the six months ended 30 June 2023 (" 6M2023&rdquo ).&bull Excluding net foreign exchange loss of approximately S$3.4 million, mainly due to the appreciation of the Singapore Dollar against Chinese Renminbi, the Group would have registered net profit of approximately S$1.5 million for 6M2023.&bull The Group&rsquo s Concert Production business continues its growth momentum with revenue from Jay Chou&rsquo s sold-out concerts in Malaysia and Australia held in 6M2023 and the Group expects to invest in Jay Chou&rsquo s concerts in four Chinese cities including Taiyuan and Hohhot in the PRC, in second half year of 2023.&bull Anchored by its " IP franchise" business strategy, the Group has entered into various production collaborations with leading streaming service providers in the PRC (such as iQIYI, Tencent Video, etc) and expects a stronger pipeline of new drama productions for FY2023 and FY2024.Commenting on GHY&rsquo s 6M2023 results, Mr. Guo Jingyu (郭 靖 宇 ), Executive Chairman and Group CEO, said, &ldquo We have been focused on driving the recovery of our businesses and the strong revenue growth of 58% in 6M2023 is a testament to our turnaround strategy and execution capabilities.Notably, we posted higher gross profits in all of our three business segments with overall higher gross profit margin, reflecting a return to a more normalised operating environment with the reopening of the PRC.Working in collaboration with leading streaming service providers in the PRC, we continue to maintain a healthy pipeline of both long-form and short-form dramas and films. In addition, with the successful completion of two Jay Chou&rsquo s sold-out concerts in Malaysia and Australia, we intend to build on this momentum to expand our Concert Production business activities for FY2023 and FY2024.Whilst the foreign exchange loss recorded in 6M2023 has outpaced our operational profitability, we remain optimistic for FY2023 with our strategic priorities and plans ahead.&rdquoStrong revenue growth of 58% for 6M2023 with healthy momentum in the Group&rsquo s Concert Production business segment: The Group&rsquo s revenue surged to approximately S$32.7 million in 6M2023, of which the Group&rsquo s TV Program and Film Production, Concert Productions and Others business segments contributed approximately S$16.8 million, S$13.8 million and S$2.1 million, respectively.In 6M2023, the Group&rsquo s TV Program and Film Production business segment recognised revenue from one drama series titled &ldquo Strange Tales of Tang Dynasty 2: To the West唐 朝 诡 事 录 之 西 行 &rdquo .The Group&rsquo s Concert Production business segment recognised revenue of approximately S$13.8 million from the completion of two Jay Chou&rsquo s sold-out concert productions in Malaysia and Australia in 6M2023. In comparison, there were no concerts organised in 6M2022.Higher gross profit and higher gross profit margin achieved in 6M2023 as operating markets continue to normalise: The Group&rsquo s three business segments posted gross profit growth in 6M2023 with overall gross profit increasing by approximately S$5.5 million to approximately S$10.6 million in 6M2023, driven mainly by both the Group&rsquo s TV Program and Film Production and Concert Production business segments.In addition, the Group&rsquo s overall gross profit margin improved to 32.3% in 6M2023 from 24.3% in 6M2022, as the Group&rsquo s operating markets continue to normalise with the reopening of the PRC.The Group generated net cash of approximately S$2.6 million from operating activities in 6M2023: As at 30 June 2023, the Group&rsquo s cash and cash equivalents stood at approximately S$42.5 million.The Group eyes turnaround and profitability in FY2023, supported by a resilient financial position with net working capital of approximately S$116.3 million: Anchored by its two core businesses of TV Program and Film Production and Concert Production, the Group expects its business operations to further normalise in FY2023.For its TV Program and Film Production business, the Group has announced production collaborations with iQIYI and Tencent Video in 6M2023. The Group continues to maintain a healthy pipeline of both long-form and short-form dramas and films in FY2023 and FY2024.The reopening of the PRC has brought on new opportunities where there is a trend of the pent-up demand for concerts and live entertainment in the PRC. The Group expects to invest in Jay Chou&rsquo s concerts in four Chinese cities including Taiyuan and Hohhot in the PRC, in second half year of 2023.Supported by a healthy and robust balance sheet with net working capital of approximately S$116.3 million, the Group believes it is well-positioned to capture organic and inorganic growth adjacencies and to tap the opportunities associated with the reopening of the PRC and across the region, augmenting the Group&rsquo s mission to be at the forefront of the media and entertainment industry in the Asia-Pacific region.
$GHY Culture(XJB.SI) ghy is also a Jay chou linked company!
https://www.scmp.com/business/china-business/article/3227415/ipo-linked-taiwanese-pop-star-jay-chou-oversubscribed-13-times-hong-kong-investors
GHY has rights for Jay Chou concerts in China....his Manager and Mother are substantial shareholders in GHY as well
https://www.straitstimes.com/life/entertainment/fancy-a-pair-of-tickets-to-watch-jay-chou-in-china-that-ll-be-27000Fancy a pair of tickets to watch Jay Chou in China? That&rsquo ll be $27,000
Tickets to watch Jay Chou&rsquo s two-hour performance are priced at 500 to 2,000 yuan.
A pair of tickets for adjacent seats at Mandopop singer Jay Chou&rsquo s concert in Tianjin are reportedly being sold by scalpers for 150,000 yuan (S$27,400).
The concert, which takes place in the northern Chinese city over four days from Sept 7 to 10, was met with an overwhelming response with almost 130,000 tickets sold within the first 30 seconds when ticket sales opened on Tuesday, according to Chinese news outlet Global Times.
Tickets to watch Chou&rsquo s two-hour performance are priced at 500 to 2,000 yuan on China&rsquo s leading online ticketing platform Damai, and will also be sold on rival ticketing platform Maoyan on Friday.
Another scalper has advertised an asking price of 19,800 yuan for a ticket in the first-three rows of the VIP section.
A check on Damai&rsquo s ticket sale portal lists the same ticket at 2,000 yuan.
Fans of the Taiwan-born singer-songwriter, dubbed the King of Mandopop, are not the first to experience inflated prices and scalpers taking advantage of the overwhelming demand.
Tickets for Malaysian singer Fish Leong, Taiwanese band Mayday and Singaporean singer JJ Lin have been sold for exorbitantly high prices by scalpers.
Chinese netizens, in response, have called for more action to be taken by ticketing platforms such as tagging tickets to the buyers&rsquo names.
Global Times reported that a similar situation in May when nearly 300,000 tickets for a six-day concert by Mayday were sold out in seconds. Fans at the time alleged that concert organisers had colluded with scalpers, but the organisers said the ticket buying process was open and transparent.
According to China Association of Performing Arts, box office revenue from performances reached nearly 16.8 billion yuan in the first half of 2023, a near seven-fold increase over the same period in 2022
Jay Chou Concept STARPLUS LEGEND (06683.HK) Hitting New Highs
Jay Chou concept stock STARPLUS LEGEND (06683.HK) +1.150 (+17.424%) closed the midday on 20 July 2023 at $7.86, up 19%, on volume of 9.05 million shares (close to the full-day volume of 19 July 2023 at 9.06 million shares).
The stock has skyrocketed since IPO to hit new highs.
Jay Chou concept stock STARPLUS LEGEND (06683.HK) +1.150 (+17.424%) closed the midday on 20 July 2023 at $7.86, up 19%, on volume of 9.05 million shares (close to the full-day volume of 19 July 2023 at 9.06 million shares).
The stock has skyrocketed since IPO to hit new highs.
$GHY Culture(XJB.SI) Another Jay Chou related business is getting its IPO. There will definitely be an link to GHY in future.
" Jay Chou&rsquo s mother Ye Huimei and Jewel Music director Yang Junrong are one of the founders of Superstar Legend. Before listing, they held 27.63% of the company&rsquo s shares, and the controlling shareholder group, which is regarded as persons acting in concert, held a total of 64.5% of the shares. In addition, Fang Wenshan, the long-term partner of Jay Chou, is the chief cultural officer of the company.
The total revenue of Superstar Legend last year was RMB 344 million (the same below), an annual decrease of 5.8%, and its net profit was RMB 60.389 million, an annual increase of 38.35%. The business is mainly for business cooperation with celebrities such as Jay Chou and Yu Chengqing, as well as sales of new retail businesses such as Motong Coffee."
https://www.breakinglatest.news/news/jay-chou-concept-stock-superstar-legend-plans-to-list-in-hong-kong-on-the-13th/
The company doesnt seem to have any other high profile concerts apart from Jay Chou?
$GHY Culture(XJB.SI) So many concerts. I expect the company to come into the fray as well - putting out sold out concerts!
https://www.straitstimes.com/singapore/s-pore-economy-gets-boost-from-shows-by-stars-like-taylor-swift-coldplay-and-jacky-cheung