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Chinese media company producing and investing in films and TV content.
Chinese media company producing and investing in films and TV content.
Earns a share of ticket sales from films it invests in, produces or distributes, plus licensing fees from TV platforms, so results swing with a handful of hit films each year. Founder Wang Changtian is the controlling shareholder. It also holds stakes in animation studios.
In one line: A China-based film/TV studio and content investor.
Moat: none (brand). Hit-driven content business with limited durable pricing power.
Headquarters: Beijing, China · Employees: 676
Size Beijing Enlight Media (300251.SZ) is a China Communication Services company (Movies/Entertainment) with a market value of $5.49B, the 454th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.38 on 6 Nov 2026.
Performance Over six months the shares fell 16.2%, against +11.1% for the median peer and -16.4% for the China market (cap-weighted) — 2nd lowest of 20 in its peer set.
Growth Revenue fell 71.2% over the last twelve months (peer median +5.5%); the operating margin is -56.8% (peer median 13.6%).
Valuation It trades at 179.5× forward earnings against a peer median of 28.2× (most expensive of 17).
Capital Return on invested capital runs 17.1 points below its cost of capital (11.3% WACC).
Next results Next results expected around 22 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥1.08B | CN¥4.04B | CN¥1.58B | CN¥1.54B | CN¥753M |
| Revenue growth | — | +155% | +3% | +105% | — |
| Gross profit | CN¥244M | CN¥2.65B | CN¥592M | CN¥612M | CN¥132M |
| EBITDA | n/a | CN¥2.30B | CN¥389M | CN¥421M | -CN¥63.4M |
| Net income | -CN¥613M | CN¥1.67B | CN¥292M | CN¥418M | -CN¥713M |
| Free cash flow | -CN¥524M | CN¥1.45B | CN¥338M | CN¥642M | CN¥31.8M |
| Capital expenditure | CN¥51.4M | CN¥1.26B | CN¥7.87M | CN¥3.90M | CN¥3.05M |
| Total debt | CN¥1.10M | CN¥59.2M | CN¥71.5M | CN¥74.1M | CN¥102M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Beijing Enlight Media 300251.SZ | $5.49B | -16% | -71% | -57% | 179.5× | n/a |
| China Film 600977.SS | $4.48B | +16% | 0% | -9% | 141.5× | -7.1% |
| Zhejiang Huace Film & TV 300133.SZ | $2.79B | +15% | +44% | 8% | 50.4× | n/a |
| Ruyi Film Entertainment 002739.SZ | $2.94B | -9% | -8% | 3% | 34.1× | 6.7% |
| Shanghai Film 601595.SS | $2.40B | +47% | -18% | -2% | 264.9× | 57.0% |
| Hengdian Entertainment 603103.SS | $1.62B | -18% | -27% | -10% | n/a | 36.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 300251.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.9% | +9.2% | 5th highest of 20 |
| 6-month return | -16.2% | +11.1% | 2nd lowest of 20 |
| Distance from 52-week high | -58.6% | -14.8% | lowest of 20 |
| Revenue growth (TTM) | -71.2% | +5.5% | lowest of 20 |
| Operating margin | -56.8% | 13.6% | lowest of 21 |
| Forward P/E | 179.5× | 28.2× | most expensive of 17 |
| ROIC minus cost of capital | -17.1 pp | +1.7 pp | 2nd lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Beijing Enlight Media 300251.SZ | China | $5.49B | -16% | -71% | -57% | 179.5× | n/a | n/a |
| Genting Singapore G13.SI | Singapore | $5.76B | -10% | +2% | 15% | 19.1× | -5.0% | +18.2% |
| Benefit Systems BFT.WA | Poland | $5.18B | +54% | +40% | 19% | 23.7× | 13.4% | +34.3% |
| CTS Eventim AG & Co. KGaA EVD.DE | Germany | $6.68B | +11% | +14% | 15% | 18.4× | 6.8% | +64.3% |
| Cinemark CNK | United States | $4.51B | +44% | +13% | 15% | 14.8× | 2.4% | +35.3% |
| Churchill Downs CHDN | United States | $6.71B | +11% | +4% | 26% | 13.6× | 2.3% | +22.7% |
| China Film 600977.SS | China | $4.48B | +16% | 0% | -9% | 141.5× | -7.1% | +10.4% |
| Lionsgate Studios LION | United States | $4.24B | +16% | -8% | 6% | 52.8× | 18.6% | -8.0% |
| Toei Animation 4816.T | Japan | $4.17B | +23% | -2% | 31% | 27.9× | 0.5% | +12.7% |
| MSG Knickerbockers MSGK | United States | $7.51B | n/a | +11% | 3% | n/a | 61.1% | +22.6% |
| Manchester United MANU | United States | $3.90B | +15% | +5% | -2% | 142.1× | 18.3% | +6.5% |
| Banijay BNJ.AS | Netherlands | $3.83B | -13% | +7% | 14% | 8.0× | -4.5% | +18.1% |
| Madison Square Garden Entertainment MSGE | United States | $3.65B | +18% | +16% | 17% | 32.1× | 5.0% | +66.9% |
| Lottery TLC.AX | Australia | $8.47B | +4% | -5% | 16% | 33.3× | 9.9% | +3.8% |
| DraftKings DKNG | United States | $9.19B | -27% | +15% | -3% | 55.1× | 9.7% | +58.0% |
| Atlanta Braves BATRA | United States | $3.23B | +1% | +6% | -9% | n/a | n/a | n/a |
| Itv ITV.L | United Kingdom | $3.23B | -16% | +2% | 13% | 8.3× | -2.8% | +4.8% |
| Toho 9602.T | Japan | $9.44B | +22% | +4% | 16% | 28.4× | 7.9% | +13.4% |
| Liberty Live Holdings, Inc. Registered Series -A- LLYVA | United States | $9.64B | +9% | n/a | -13% | n/a | n/a | n/a |
| Ruyi Film Entertainment 002739.SZ | China | $2.94B | -9% | -8% | 3% | 34.1× | 6.7% | +15.4% |
| AMC Entertainment AMC | United States | $2.80B | +109% | +6% | 5% | n/a | n/a | n/a |