CBN reported on October 30 that film and television companies have recently submitted three quarterly reports. This is the first report card submitted by film and television companies since the resumption of theaters on July 20. Some companies have successfully taken advantage of the resumption of theaters. Reversing performance, some companies continue to sink into the abyss of losses.
The performance of some companies has turned for the better.
Since the resumption of cinemas in the third quarter, the performance of some film and television companies has shown a significant improvement, or has turned from a loss to a profit compared to the second quarter, or the loss has been significantly narrowed. For example, in the third quarter, Guangming Media had revenue of 222 million yuan (RMB, the same below), and the net profit attributable to shareholders of listed companies was 43 million yuan. In the second quarter, Guangming Media had a net loss of 80 million yuan. According to its previous announcement, as of August 27, 2020, the company’s operating income derived from the film "Eight Hundred" is approximately RMB 30 million to RMB 36 million. The sales of "Eight Hundred" is undoubtedly the third quarter of Guangguang Media. The performance has contributed, and the National Day file "Jiang Ziya" is expected to further restore its performance in the annual report. In the first three quarters, Guangray Media’s net profit attributable to shareholders of listed companies was 64 million yuan.
Huace Film and Television is one of the few film and television companies that have been profitable this year, with a net profit of 56 million yuan attributable to shareholders of listed companies in the third quarter. Huace Television’s business strength has always been in the field of TV dramas, which has also made it relatively less affected by the closure of movie theaters. In the third quarter, Huace Television premiered 4 TV series, newly launched 3 TV series, and completed 4 TV series. At the same time, during the stagnation of the film industry, Huace Pictures increased its investment in copyright operations, artist management, music, integrated marketing, and short videos.
Although more companies did not turn losses into profits in the third quarter, their losses have been significantly narrowed. For example, Xingfu Lanhai benefited from the resumption of theaters, Xingfu Lanhai’s theater operations and movie theaters began to recover, and belonged in the third quarter The net loss of shareholders of the listed company was 51 million yuan, a significant improvement from the net loss of 122 million yuan in the second quarter. The net loss attributable to shareholders of listed companies in the third quarter of China Film was 57 million yuan, compared with the company's first quarter loss of 227 million yuan; a loss of 275 million yuan in the second quarter, and the third quarter's loss has been significantly narrowed. Chinese Film said in the report that its leading or participating films "Win the Championship", "Vanguard" and "Blue Line of Defense", as of September 30, achieved a total box office of 345 million yuan, accounting for 5.71 of the total box office of domestic films in the same period. %. Next, Chinese filmmakers also participated in the production of the comedy film "Detective Chinatown 3", which has always been a box office seeded player with high hopes, and is scheduled to be released on New Year's Day in 2021.
In addition, companies such as New Culture, Tangde Film and Television, Hengdian Film and Television are also in the ranks of sharply reduced losses.
These companies have been losing money continuously. On the other hand, some film and television companies have failed to benefit from the resumption of theaters, and the pace of losses has not been stopped. For example, Beijing Culture predicted that the net loss attributable to shareholders of listed companies in the third quarter was 41 million to 71 million yuan. Compared with the net loss of 45 million yuan in the second quarter, the loss situation in the third quarter has not stopped. Beijing Culture said that due to the impact of the new crown pneumonia epidemic, the company had no domestic box office revenue in the third quarter, resulting in a performance loss. However, Beijing Culture also emphasized in its financial report that the film "My Hometown and Me" controlled by it has been released on National Day files. As of October 8, the company's revenue from the film is about 80 million yuan-100 million yuan. yuan.
Huayi Brothers confirmed non-recurring investment losses in the equity disposal of Brothers International LLC in the third quarter. Affected by this, the net loss attributable to shareholders of listed companies in the third quarter was 95 million yuan, but Huayi Brothers stated that For non-recurring investment losses, the company's non-net profit in the third quarter was 64 million yuan, and its main business turned losses into profits. However, it is worth noting that Huayi Brothers still had a net loss in the first three quarters 3.2.6 billion yuan, while Huayi Brothers lost 1.093 billion yuan and 3.96 billion yuan respectively from 2018 to 2019. In the context of two consecutive years of losses, if Huayi Brothers’ net profit is still at a loss this year, the company will face delisting risk. Compared with
, Wanda Film’s loss is worth noting. The net loss attributable to shareholders of listed companies in the third quarter was 449 million yuan, and the net loss in the first three quarters was as high as 2.015 billion yuan. Wanda Films said that due to the impact of the new crown pneumonia epidemic, the movies controlled by Wanda Films in the first three quarters of 2020 have not been released as scheduled, and its operating results have been seriously affected. As of December 31, 2019, Wanda Cinemas has 656 open cinemas in China and overseas, with 5,806 screens. Among them, Wanda Cinemas has 349 IMAX screens in China and 42 Dolby Cinemas large-scale cinemas and screens. , Used to be the glory of Wanda movies, but in this year’s epidemic, many movie studios that could not be opened have worsened its already-suffering performance.
Wanda Films expects that it will not be able to fulfill its performance commitments in 2020, and the company has already had a net loss of 4.729 billion yuan in 2019. Previously, Wanda had promised that Wanda Films’ net profit for 2019, 2020 and 2021 would not be less than 888 million and 1.069 billion And 1.274 billion yuan.
(original title: three months after the theater resumed work, the performance of film and television companies was greatly differentiated)
(responsible editor: Hu Mengyao_NK5655)
