China News Network reported on October 31 that has experienced the closure of theaters due to the epidemic and the shutdown of production crews, and the domestic film and television industry is gradually recovering. In mid-October, Chinese movie box office surpassed North America to become the world's number one.
However, behind this report card, are the operating conditions of domestic film and television companies gradually improving? At the end of October, a number of listed film and television companies announced their third quarter reports. We can get a glimpse of the current situation of the domestic film and television industry. The business behind
works
From July 20 to October 27, the Chinese film market in 2020 has resumed work for 100 days.
During this period, the release of the movie "Eight Hundred" was regarded as an important signal for the "rebirth" of the domestic film and television industry. After the film was officially released, the national film box office once again surpassed 100 million in a single day after 221 days.
Huayi Brothers’ third-quarter report also mentioned that "Yabai" has achieved good box office results, the revenue of its main business has increased, and the overall performance loss has narrowed. The company achieved operating income of more than 700 million yuan in the quarter, which is higher than the previous quarter. A year-on-year increase of 45.02%, net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 64.019 million yuan, an increase of 148.12% over the same period of the previous year.
Up to now, the box office of "Eight Hundred" has exceeded 3.1 billion, ranking first in the total box office of Chinese movies in 2020. The popular works of
have become an important reference for domestic film and television companies to reverse their performance decline this year. The third-quarter report of Huayi Brothers showed that the net profit attributable to shareholders of listed companies in the first three quarters of this year was a loss of 326 million yuan, a year-on-year decrease of 50.03%.
is similar to the movie "Jiang Ziya". The film currently ranks third in the total box office list of Chinese movies in 2020.
As of October 11, Enlight Media’s operating income from the film is approximately RMB 360 million to RMB 400 million.
The third quarter report of Chinese films released on October 30 stated that during the period from the beginning of the year to the National Day, the company led or participated in the production and put on the market a total of 5 films, as of the report date, a total of 4.016 billion yuan in box office. Among them, the two films "My Hometown and Me" and "Win the Championship" respectively ranked second and fourth in China's movie box office charts in 2020.
In addition, in the third quarter of this year, Mango SuperMedia’s net profit attributable to shareholders of listed companies exceeded 500 million yuan, a year-on-year increase of 197.41%.
reported and analyzed that Mango SuperMedia’s performance growth during the season was directly attributable to popular variety shows such as "Sister Riding the Wind and Waves" and popular drama series such as "In the Name of Family" and "Dear Myself", which drove the company's advertising. Income and membership income growth.
Is the film and television company still losing money?
The semi-annual report released by domestic film and television listed companies in August this year shows that due to the impact of the epidemic, many companies' performance in the first half of the year experienced a sharp decline.
However, after the recovery in the third quarter, especially after movie theaters reopened their doors on July 20, some companies have shown signs of improvement.
takes Hengdian Film and Television as an example. Although it is still losing money in the third quarter, the loss has narrowed.
related reports show that in the first and second quarters, Hengdian Films achieved net profits attributable to listed companies of 138 million yuan and 169 million, respectively. In the third quarter, Hengdian Films’ net profits attributable to listed companies were -61.58 million yuan.
Hengdian Film and Television's third-quarter report stated that the impact of the epidemic has a certain impact on the company's short-term operating results, but it does not affect the company's continued profitability. At the same time, Hengdian Film and Television opened 16 new directly-operated theaters in the third quarter of this year, added 102 screens, and achieved box office revenue of over 200 million yuan. Similarly, Wanda Films achieved operating income of 3.214 billion yuan in the first three quarters, and a net profit loss of 2.015 billion yuan attributable to shareholders of listed companies. According to the analysis of
, the loss of 449 million yuan in the third quarter was significantly narrower than that of 599 million yuan in the first quarter and 970 million yuan in the second quarter.
Regarding the reason for the loss, Wanda Film’s previous performance forecast explained: Affected by the epidemic, more than 600 domestic theaters under the company have been closed for nearly half a year, and the national movie box office has not yet returned to normal levels; in addition, because the overseas epidemic is still serious, The operating income of the Australian cinemas affiliated to Wanda Films dropped sharply. At the same time, Wanda Film said that it expects the company's various operating businesses to return to normal levels in the fourth quarter. In the third quarter, Huace Television continued the trend of the first half of the year, with revenue of approximately 780 million yuan, an increase of 102.90% year-on-year, and a net profit of 56 million yuan attributable to shareholders of listed companies.
’s third-quarter report stated that, while adhering to the two core core businesses of TV dramas and movies, Huace Television continued to increase its investment in copyright operations, artist brokerage, music, integrated marketing, and segment videos. Celebrity brokerage, consumer product brands, live e-commerce and other derivative formats have strengthened cooperation with professional companies and made positive progress.
can be expected in the future
It should be noted that the performance reports released by each company this time are all third quarter reports. This also means that the box office data of the National Day file is excluded.
According to previous reports, this year’s National Day National Film Market won the second largest box office in the National Day China Film History for nearly 4 billion yuan. If we take into account the recovery since October, the future of the domestic film and television industry can be expected. The "Global Entertainment and Media Industry Outlook 2020-2024" released by PricewaterhouseCoopers in October also shows that China’s movie revenue is expected to drop by 78.1% year-on-year to approximately US$2.26 billion in 2020. The number of moviegoers will also increase from 2019. 1.8 billion plummeted to 400 million. But from 2020 to 2024, China's film revenue will rebound rapidly at a compound annual growth rate of 37.8%.
On October 30, the official website of the National Bureau of Statistics published the article "Xin Jia, a statistician from the Department of Social Sciences and Culture of the National Bureau of Statistics, Interpreting the Operating Income Data of Cultural and Related Industrial Enterprises Above Designated Size in the First Three Quarters" The
article stated that in the first three quarters, although the cultural, entertainment and leisure services based on contact and aggregate offline services still fell by 39.9%, the decline was significantly narrower than the nearly 50% decline in the first half of the year.
"From the next stage, as the production and operation conditions of enterprises continue to improve, cultural consumption demand, especially offline cultural and entertainment, is further restored, the vitality of my country's cultural industry development will continue to increase, and the recovery trend will continue to consolidate."
(responsible editor) : Liu Jiaxin_NBJS11395)
