Huayi Brothers updates on litigation, guarantees, and financials

Huayi Brothers Media Corporation disclosed cumulative litigation and arbitration cases, with 14 cases ongoing or concluded. Notable resolutions include a trademark infringement case resulting in a payment of yuan 500,000, and a contract dispute settled with a continuing performance plan for yuan 2,700,000. Additionally, the company provided updates on frozen bank accounts, with two accounts unfrozen and one remaining frozen.

The company also announced progress on its guarantees, including a yuan 4.76 million accounts receivable pledge for a film and several guarantees totaling yuan 717 million, representing 198.35% of its latest audited net assets. The guarantees are related to financing applications, with new pledges of film receivables and equity interests. Separately, the Sixth Board of Supervisors and Board of Directors approved the 2025 Half-Yearly Report, which details a 50.37% decrease in operating revenue and a 401.15% net profit decline for the period ending June 30, 2025.