
Ning Meng Film and Television Media Co., Ltd. (hereinafter referred to as "Ning Meng Film") successfully listed on August 10, 2022, with a global issuance of 0.15 billion shares priced at HK$27.75 per share, raising approximately HK$32.25 million.
During this listing process in Hong Kong, Frost & Sullivan mainly undertook the following tasks: helping the issuer accurately and objectively understand its positioning in the target market, using objective market data to discover, support, and highlight the issuer's competitive advantages, assisting the issuer, investment banks, and other intermediaries in completing the writing of relevant parts of the prospectus (such as overview, competitive advantages and strategy, industry overview, business, and other important sections), helping the issuer communicate with the Hong Kong Stock Exchange and investors, assisting investors in quickly understanding the market ecosystem and competitive landscape, and assisting the issuer in completing various feedback on industry issues from the Hong Kong Stock Exchange.
Overview of China's Drama Licensing Market
According to a Frost & Sullivan report, in 2021, the scale of China's drama licensing market was RMB 419 billion, with a compound annual growth rate of 2.9% from 2017 to 2021, and it is expected to reach RMB 506 billion by 2026, with a compound annual growth rate of 3.8% from 2021 to 2026.
Market Scale of China's Drama Licensing Market by Channel
From 2017 to 2026 (estimated)

Source: Frost & Sullivan report
Overview of China's Video Content Market
According to a Frost & Sullivan report, from 2017 to 2021, China's video content market grew rapidly, with the market scale increasing from RMB 2158 billion to RMB 4,514 billion, with a compound annual growth rate of 20.3%. Driven by demand growth, it is expected that the total market scale of video content will reach RMB 8624 billion by 2026, with a compound annual growth rate of 13.8% from 2021 to 2026.
Market Scale of China's Video Content Market by Category
From 2017 to 2026 (estimated)

Source: Frost & Sullivan report
Overview of China's Video Content Marketing Market
Video content marketing is a strategic marketing method used to design and provide customized marketing content to help advertisers retain and attract audiences and stimulate additional purchases. Video content marketing can generally be carried out through online video platforms, short video platforms, and television stations. China's video content marketing has experienced rapid growth, with its scale increasing from RMB 1382 billion in 2017 to RMB 3229 billion in 2021, with a compound annual growth rate of 23.6%. By 2026, the scale of China's video content marketing is expected to reach RMB 7048 billion, with a compound annual growth rate of 16.9% from 2021 to 2026.
Scriptwriters can leverage their capabilities to (i) reach a wide range of customers through popular dramas and thereby provide effective brand marketing services to advertisers; and (ii) design and produce video marketing content on social platforms in a more customized manner, including short videos and micro-videos, to meet various needs of advertisers in an innovative and interactive way. Therefore, it is expected that the content marketing business of scriptwriters will further develop in the future.
Specifically, since dramas can reach audiences through all three major content marketing channels (including online video platforms, short video platforms, and television stations), using dramas for content marketing can more effectively create commercial value for advertisers.
Market Scale of China's Video Content Marketing Market by Channel
From 2017 to 2026 (estimated)

Source: Frost & Sullivan report
Competitive Landscape of China's Drama Market
According to a Frost & Sullivan report, in 2021, the top five drama production companies accounted for 18.2% of the total market share of the entire drama market in terms of licensing revenue. From 2019 to 2021, Ning Meng Film consistently ranked among the top five in China in terms of revenue.
Details on Market Concentration, Market Share, and Revenue of China's Top Five Drama Production Companies from 2019 to 2021

Source: Frost & Sullivan report
According to a Frost & Sullivan report, Ning Meng Film has consistently maintained its top three ranking in China in terms of the rate of highly rated dramas from 2019 to 2021.
Details on the Rate of Highly Rated Dramas of China's Top Five Drama Companies from 2019 to 2021

Source: Frost & Sullivan report
Frost & Sullivan has rich research experience in the culture and entertainment industry, assisting well-known enterprises in successfully listing on the capital market. Successful listings include: Deying Holdings (02250.HK), Qingpi Games (06633.HK), Pop Culture (CPOP.NASDAQ), Pocoyo (02125.HK), Kook Music (KUKE.NYSE), Changxin Media (XJB.SGX), Brilliance Tomorrow (01351.HK), YALA Technology (YALA.NYSE), LeXiang Interactive (06988.HK), Zurong Entertainment (09990.HK), Blue City Brothers (BLCT.NASDAQ), Liantian Film (09958.HK), Nine Dragons Digital Entertainment (01961.HK), Yusheng Culture (01859.HK), Lujing Technology (01745.HK), New Stone Culture (01740.HK), Heartbeat Company (02400.HK), Travel Orange Culture (08627.HK), Friend Times (06820.HK), Wanda Sports (WSG.NASDAQ), Tuyi Holdings (01701.HK), Hometown Interactive (03798.HK), Flying Group (01901.HK), Huoyan Holdings (01909.HK), Lingbang Group (02230.HK), Haitian Tianyue Travel (01832.HK), Zen Tour Technology (02660.HK), Ruhun Holdings (RUHN.NASDAQ), Fosun Tourism Culture (01992.HK), Dream World (01119.HK), iQiyi (03700.HK), Huya Live (HUYA.NYSE), Snake (01337.HK), Read Wen Group (0772.HK), Meitu (01357.HK), China Digital Video (08280.HK).
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