1905 Film Network News Recently, according to sources, Wanda Films will start staff optimization, and it is expected to lay off 20% to 30% of the staff, mainly to the first-line employees of the theater.
On the evening of April 21, Wanda Films released its 2019 annual report. According to the annual report data, Wanda Films' operating income in 2019 reached 15.435 billion yuan, a year-on-year decrease of 5.23%; the net profit loss attributable to shareholders of listed companies was 4.729 billion yuan, a year-on-year decrease of 529% .
Earlier, Wanda Film also announced its first quarter 2020 performance forecast. The data showed that Wanda Film’s net profit attributable to shareholders of listed companies in the first quarter was at a loss, with losses ranging from 550 million yuan to 650 million yuan.
It is understood that due to the epidemic, all Wanda cinemas will be closed from January 23, 2020, and the films that Wanda Films planned to release during the Spring Festival have not been released as scheduled, resulting in a sharp decline in the company's operating performance.
