Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2024
Subsidiary Caught in Fake Invoice Case Ordered to Pay Back Taxes
Enlight Media subsidiary Zhejiang Qiju Technology, caught in a case involving fake invoices, was ordered by tax authorities to pay back about 18.83 million yuan in corporate income tax and was penalized. The case drew attention to tax compliance in the film and television industry.
2022
Earnings Forecast Flips From Profit to Loss; Securities Regulator Issues Warning and Shenzhen Stock Exchange Criticizes Company
Enlight Media's 2021 earnings forecast initially projected a profit of 170 million to 220 million yuan, but was later revised to a loss of 310 million to 360 million yuan. The Shenzhen Stock Exchange issued a public criticism against the company, Chairman Wang Changtian, and the finance chief; in January 2023, the Beijing Securities Regulatory Bureau issued a warning letter and recorded it in the integrity file. Investor trust was damaged.