---
title: "樂華娛樂集團 (02306.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/02306.HK.md"
symbol: "02306.HK"
name: "樂華娛樂集團"
industry: "電影和娛樂"
---

# 樂華娛樂集團 (02306.HK)

| Item | Detail |
|------|--------|
| Industry | 電影和娛樂 |
| Location | 港股市場 |
| Website | [www.yuehuamusic.com](https://www.yuehuamusic.com) |

## Company Profile

樂華娛樂集團是一家主要從事藝人管理業務的投資控股公司。該公司還從事音樂知識產權(IP)製作及運營以及IP運營業務。藝人管理業務涵蓋從藝人培訓、藝人運營到藝人宣傳的整個藝人管理產業價值鏈。音樂IP製作及運營業務從事將音樂IP授權予音樂串流媒體平臺及其他音樂服務供應商,以及出售音樂IP的數字和實體專輯。IP運營業務包括虛擬藝人開發、藝人相關衍生品及潮玩業務。該公司主要在中國內地和韓國開展業務。

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:10.000Z

**Overall: B (0.38)**

**Industry**: Movies and Entertainment

| Metric | Value |
|--------|-------|
| Industry Ranking | 6 / 35 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 12.82% |  |
| Net Profit YoY | 13.74% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 1.31 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 2.03B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 901.65M |  |


**Multi Score**: B

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 5.30% | C |
| Profit Margin | 8.93% | B |
| Gross Margin | 26.41% | C |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 12.82% | B |
| Net Profit YoY | 13.74% | C |
| Total Assets YoY | -5.84% | D |
| Net Assets YoY | 4.39% | C |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 1119.92% | B |
| OCF YoY | 12.82% | B |

#### Operating Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.42 | C |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 25.97% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - 樂華娛樂集團",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "5.30%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "8.93%",
          "rating": "B"
        },
        {
          "name": "Gross Margin",
          "value": "26.41%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "12.82%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "13.74%",
          "rating": "C"
        },
        {
          "name": "Total Assets YoY",
          "value": "-5.84%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "4.39%",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "1119.92%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "12.82%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "C",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.42",
          "rating": "C"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "25.97%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | 中國國家文化產業 (HK.745) | B | A | A | A | B | A |
| 02 | 騰訊音樂-SW (HK.1698) | A | B | D | A | C | B |
| 03 | 網易雲音樂 (HK.9899) | A | C | C | A | C | B |
| 04 | 大麥娛樂 (HK.1060) | C | A | D | B | A | B |
| 05 | IMAX CHINA (HK.1970) | A | B | D | A | C | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 24.99 | 9/35 | 36.88 | 24.99 | 10.97 |
| PB | 1.31 | 18/35 | 1.35 | 1.26 | 0.37 |
| PS (TTM) | 2.23 | 18/35 | 2.35 | 2.18 | 0.68 |
| Dividend Yield | 0.00% | - | - | - | - |

## References

- [Company Overview](https://longbridge.com/en/quote/02306.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/02306.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/02306.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.