On October 24, 2024, the third quarter report of Hengdian Film and Television (603103.sh) was announced, and the performance showed a clear decline.
htmlFrom 21 to September, the company achieved operating income of 1.615 billion yuan, a year-on-year decrease of 17.27%; excluding non- net profit, lost 72 million yuan, a year-on-year decrease of 142.39%, and turned from profit to loss.Among them, in the third quarter of 2024, Hengdian Film and Television’s revenue fell by 42.39% year-on-year to 450 million yuan; excluding non-net profit, it fell by -189.8%, with a loss of 88 million yuan. Not only that, the company lost 139 million yuan in the second quarter of this year. In the third quarter report of
, Hengdian Film and Television attributed the main reason for the decline in revenue and profits to "the sluggish national box office performance and the year-on-year decline in theater screening business revenue."
Top data shows that from January to September 2024, the comprehensive box office of Chinese movie market was 34.633 billion yuan, a year-on-year decrease of 24%; the total number of moviegoers was 813 million, a year-on-year decrease of 24.09%. At the same time, 771 new cinemas were built across the country, an increase of 118 year-on-year, and 4,666 new screens were added, an increase of 866 year-on-year, exacerbating the oversupply situation.
As for Hengdian Film and Television, as of the end of the reporting period, it owned a total of 449 asset-linked theaters in operation, with 2,869 screens, a cumulative box office of 1.178 billion yuan, a market share of 3.76%, and 32.5748 million moviegoers; it owned 85 franchised theaters, with 2,869 screens. 488 yuan, with a cumulative box office of 170 million yuan, a market share of 0.56%, and 4.5048 million moviegoers.
company participated in the production of " Hot and Spicy ", " Speeding Life 2", "Bear Infestation·Reverse Time and Space", " Article 20 ", "Let's Shake the Sun Together", " Kowloon Walled City" "Fortress Besieged ", " Catch the Baby ", "The Negotiator", "Volunteers: Battle of Life and Death" and many other movies. Among them, "Hot", "Flying Life 2" and "Catch the Baby" have relatively high box office. Both exceeded 3 billion yuan, but the first two were released in the Spring Festival (first quarter). Hengdian Film and Television was only a co-producer of "Catching Dolls" released in the summer season.
On October 24, 2024, the third quarter report of Hengdian Film and Television (603103.sh) was announced, and the performance showed a clear decline.
htmlFrom 21 to September, the company achieved operating income of 1.615 billion yuan, a year-on-year decrease of 17.27%; excluding non- net profit, lost 72 million yuan, a year-on-year decrease of 142.39%, and turned from profit to loss.Among them, in the third quarter of 2024, Hengdian Film and Television’s revenue fell by 42.39% year-on-year to 450 million yuan; excluding non-net profit, it fell by -189.8%, with a loss of 88 million yuan. Not only that, the company lost 139 million yuan in the second quarter of this year. In the third quarter report of
, Hengdian Film and Television attributed the main reason for the decline in revenue and profits to "the sluggish national box office performance and the year-on-year decline in theater screening business revenue."
Top data shows that from January to September 2024, the comprehensive box office of Chinese movie market was 34.633 billion yuan, a year-on-year decrease of 24%; the total number of moviegoers was 813 million, a year-on-year decrease of 24.09%. At the same time, 771 new cinemas were built across the country, an increase of 118 year-on-year, and 4,666 new screens were added, an increase of 866 year-on-year, exacerbating the oversupply situation.
As for Hengdian Film and Television, as of the end of the reporting period, it owned a total of 449 asset-linked theaters in operation, with 2,869 screens, a cumulative box office of 1.178 billion yuan, a market share of 3.76%, and 32.5748 million moviegoers; it owned 85 franchised theaters, with 2,869 screens. 488 yuan, with a cumulative box office of 170 million yuan, a market share of 0.56%, and 4.5048 million moviegoers.
company participated in the production of " Hot and Spicy ", " Speeding Life 2", "Bear Infestation·Reverse Time and Space", " Article 20 ", "Let's Shake the Sun Together", " Kowloon Walled City" "Fortress Besieged ", " Catch the Baby ", "The Negotiator", "Volunteers: Battle of Life and Death" and many other movies. Among them, "Hot", "Flying Life 2" and "Catch the Baby" have relatively high box office. Both exceeded 3 billion yuan, but the first two were released in the Spring Festival (first quarter). Hengdian Film and Television was only a co-producer of "Catching Dolls" released in the summer season.
Nandu reporter Miao Lingyun from Shanghai
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