60% of revenue relies on Wang Yibo? Yuehua Entertainment responds: The percentage is gradually decreasing.

On November 6th, recently, there have been multiple reports that Wang Yibo will not renew his contract with Yuehua Entertainment. It was reported that in 2024, Yuehua Entertainment's total revenue was 7.65 billion, with Wang Yibo, dubbed as the "top stream money printing machine", contributing over 60%. Other data disclosed that starting from 2019, his contribution percentage has skyrocketed every year, from 16.8% in 2019, 56.8% in 2022, to a direct rise to 60% in 2024. When asked whether Wang Yibo's departure would affect the company's stock price, Yuehua Entertainment's investor relations department stated: "Currently, the stock price performance is stable, and there has been a recent increase." They also mentioned, "His income contribution to the company is gradually decreasing, and his contract with the company was originally set to expire next year, so please wait for our official announcement at that time."