Alibaba Pictures '2015 revenue increased by 108.3% and cash reserves of 12.8 billion yuan

The financial report shows that Alibaba Pictures 'total revenue in 2015 was 264 million yuan, a year-on-year increase of 108.3%. Among them, Alibaba Pictures invested in "Mission Impossible 5: Mysterious Country" last year, bringing revenue of 68.7 million yuan to the company. As of the end of 2015, Alibaba Pictures has a cash reserve of 12.8 billion yuan, and the company said it will continue to look for and evaluate any investment opportunities related to content property rights, film and television projects and entertainment industry chain in the future.

On March 29, Alibaba Pictures Group released its audited comprehensive results for the year ended December 31, 2015. Alibaba Pictures '2015 earnings per share were RMB 1.99 cents, and net profit attributable to shareholders of the company was 466 million yuan. In the same period in 2014, it was a net loss of 417 million yuan.

Zhang Qiang, CEO of Alibaba Pictures, said: "In 2015, we completed the strategic transformation from a traditional film and television company to a platform-based Internet company and entered a new stage. At present, the four major business segments have entered an efficient operation period, providing us with participation. Global competition in the entertainment industry has laid a solid foundation."

The financial report shows that Alibaba Pictures 'total revenue in 2015 was 264 million yuan, a year-on-year increase of 108.3%. Core businesses such as content production, Internet publicity, entertainment e-commerce, and globalization have made significant progress, and the entertainment platform of the entire industry chain has accelerated.

Last year, Alibaba Pictures successfully acquired Yueke Software, which brought strong financial income contribution. From June 10 to December 31, when the acquisition of Yueke Software was completed, revenue reached 130 million yuan and net profit was 53.41 million yuan. In the future, Alibaba Pictures will strive to expand Yueke's existing market share and expand its product portfolio to provide more value-added services to theaters.

In addition, Alibaba Pictures successfully acquired Taobao Movies and Entertainment Bao from Alibaba Group, both of which play an important role in Alibaba Pictures 'entertainment industry chain platform. Since the acquisition was completed on December 31, the financial data of the two businesses are not included in the 2015 financial report.

In terms of content production, projects such as "The Ferry Man","Tsundere and Prejudice", and "Sansheng III Ten Miles Peach Blossom" were successively put into filming and production in 2015 and will be launched into theaters starting this year. In addition, many projects such as "A Story of the Wild" and "Princess of the Pearl" animated films have been launched.

In addition to homemade movies and TV series, Alibaba Pictures invested in "Mission Impossible 5: Mysterious Land" last year, bringing in revenue of 68.7 million yuan to the company. It also invested in the film "REAL" starring South Korean star Kim Soo-hyun, and owns the film's exclusive distribution rights in China.

In the capital market, Alibaba Pictures completed financing of HK$12.1 billion in June 2015, and invested US$86 million in December to join the buyer's consortium to participate in Bona Pictures 'privatization plan. As of the end of 2015, Alibaba Pictures 'cash reserves were 12.8 billion yuan. The company said it will continue to seek and evaluate any investment opportunities related to content property rights, film and television projects and entertainment industry chain in the future.

Editor: vian