Wanda Cinema achieved box office revenue of 410 million yuan in September, a year-on-year increase of 52.5%

The operating briefing disclosed by Wanda Cinema shows that the company achieved box office revenue of 410 million yuan in September 2015, a year-on-year increase of 52.5%, and the number of movie visitors was 10.54 million, a year-on-year increase of 47.8%. As of September 30, 2015, the company has 207 opened theaters with 1849 screens.

Wanda Cinema Line (002739) announced on the evening of October 8 that after review by the working meeting of the M & A Committee of the Listed Companies of the China Securities Regulatory Commission, the company's issuance of shares, payment of cash to purchase assets and raising supporting funds and related transactions were conditionally approved. Trading of the company's shares will resume since the market opened on October 9, 2015.

Wanda Cinema Line plans to purchase 100% equity of Muwei Fashion Culture Communication (Beijing) Co., Ltd. and 15 other companies of Chongqing Shimao Cinema Management Co., Ltd. by issuing shares, with a transaction amount of 2.2 billion yuan, and will raise matching funds from the controlling shareholder Beijing Wanda Cultural Industry Group Co., Ltd. for non-public offering of shares will not exceed 2.18 billion yuan.

At the same time, the operating briefing disclosed by Wanda Cinema showed that the company achieved box office revenue of 410 million yuan in September 2015, a year-on-year increase of 52.5%, and 10.54 million movie-goers, a year-on-year increase of 47.8%. As of September 30, 2015, the company has 207 opened theaters with 1849 screens. So far, from January to September 2015,Wanda Theater's cumulative box office revenue was 4.48 billion yuan, a year-on-year increase of 44.2%; the number of movie-goers was 106.68 million, a year-on-year increase of 42.7%.

Guotai Junan analyzed that the company is expected to enjoy the dividends of a high degree of prosperity in the domestic movie-watching market in the short term, and is expected to expand globally in the medium term to leverage channels for content. In the long run, with the support of the group, it will achieve mutual traffic guidance and brand strengthening between businesses. Outreach mergers and acquisitions have accelerated. In the first half of this year, the company acquired Hoyts, Australia's second largest cinema company, and acquired Shimao's 18 cinemas and data film company Muwei Fashion for US$366 million in cash. These three major domestic and foreign asset restructurings mark the company's launch of an outreach development layout and is the strategic goal of acquiring 20% of the global cinema market by 2020.

[Original Announcement]

Wanda Cinema: September 2015 Business Briefing

Editor: vian