Wanda Cinema's net profit for the first quarter was 463 million yuan, a year-on-year increase of 37.07%

On April 28, Wanda Cinema Line released its first-quarter financial report. During the reporting period, the company achieved operating income of 3.028 billion yuan, a year-on-year increase of 81.68%; net profit attributable to shareholders of listed companies was 463 million yuan, a year-on-year increase of 37.07%.

On April 28, Wanda Cinema Line released its first-quarter financial report. During the reporting period, the company achieved operating income of 3.028 billion yuan, a year-on-year increase of 81.68%; net profit attributable to shareholders of listed companies was 463 million yuan, a year-on-year increase of 37.07%, which constituted a significant positive impact on the company's share price. The company said that the main reasons for the increase in performance were the growth of the domestic movie box office market, the increase in the number of self-built studios, and the acquisition of Shimao Studios, HG Holdco Pty Ltd, Muwei Fashion and other companies into the merger.

Wanda Cinema Line expects its net profit change range in the first half of 2016 to be 817 million yuan to 943 million yuan, a year-on-year increase of 30%-50%, mainly due to the continued growth of the domestic film market, the increase in the number of studios and the continuous expansion of the company's business areas.

In addition, Wanda Cinema also stated that the total assets at the end of this reporting period were approximately 15.661 billion yuan, an increase of 1.31% from the end of the previous year; the net assets attributable to shareholders of listed companies were approximately 9.678 billion yuan, an increase of 6.24% from the end of the previous year.

Wanda Cinema said that on February 24, 2016, the company applied for suspension and planned to issue shares to purchase Wanda Group's film and television assets. The main targets include Wanda Film and Television Media and Legendary Pictures of the United States. The company is expected to disclose this material asset reorganization plan or report before May 24, and resume trading after review by the Shenzhen (Real Estate) Stock Exchange in accordance with the material asset reorganization process.

[Original announcement]

Wanda Cinema: Text of the first quarter 2016 report

Wanda Cinema: Full text of the first quarter 2016 report

Editor: vian