Pop Culture Group Co. Ltd. (CPOP) is a Chinese hip-hop culture company. The company basically hosts entertainment events for the corporate clientele. The company operates stage plays, dance competitions, and promotional parties, hip-hop-related online programs, and event planning, execution, and marketing services to the clients.
The price of CPOP stock during the regular trading on December 29, 2021, skyrocketed to $3.26 with an increase of 41.13%. At last check in the aftermarket, the stock dropped by 7.98%.
CPOP: Events and Happenings
On December 6, 2021, CPOP reported about the launch of its restructured website. The new website specifically focuses on the CPOP’s branding elements, adopting a combined visual identity and embedding the investor relations segment. Through the website launch, the Company aims to provide a better user interface to the customers.
On November 24, 2021, CPOP reported that it had won the bid for Hanfu Cultural Festival organized by Migu Comic Company, which is a digital content creator. On November 15, 2021, CPOP reported about the up-gradation of its organizational assembly and affirmed its growth policies. The company is basically centered on three business groups POPIDEA, POPSPORTS, and POPLIVE. CPOP had its business in Northeast, North, Central, East, and South China
CPOP: Key Financials
On November 10, 2021, CPOP reported its financial results for the fiscal year ended June 30, 2021. Some of the main highlights are as follows
Revenue collected by the company was $25.5 million for fiscal 2021, which showed an increase of $9.8 million or 63% from last year when the revenue was $15.7 million.
Net Earnings per Share
Basic and diluted net income was $4.3 million or $0.25 per share, an incline of 75% from the fiscal year 2020 when it was $2.4 million or $0.16 per share.
On October 14, 2021, CPOP informed that the regular season of China Battle Championships 2021 was finished in early October. On October 4, 2021, CPOP reported that it co-organized the 2021 Weibo Street Dance Competition with Sina Sports. The competition was the foremost significant domestic event for the youth on the digital platform. The Competition promoted the culture of street dancing and discovering potential street-dance stars. The Competition was held from October 16-December 5.
The company’s stock is on the verge of soaring from the past month and showed a 59% increase during that period. Yet the stock is declining in the aftermarket due to the uncertain market conditions. The analysts are optimistic that the company is in good shape to attract potential investments.