China Film (600977.SH): By the end of the first quarter, 168 CINITY cinemas had been opened in China
Gelonghui, May 29丨China Film (600977.SH) said on the investor interactive platform that by the end of the first quarter, 168 CINITY cinemas had been opened in China and had completed the installation of 3 cinemas to be opened. On May 24 this year, six departments including the National Development and Reform Commission issued the “Implementation Plan to Promote Equipment Renewal in the Field of Culture and Tourism”. The “Plan” proposes to promote next-generation cinema equipment systems, implement large-scale cinema LED screen projection system renewal plans, and strengthen independent intellectual property cinema equipment brands. CINITY is a high-tech format projection system with core independent intellectual property rights, CI
Chinese Film (600977.SH): It is expected that the next few years will usher in the peak of upgrading of cinema projection equipment
Gelonghui, May 27丨China Film (600977.SH) said at the performance briefing that from the perspective of industry development, the current total volume of special theaters is only about 1,000 yuan. Compared with the current 80,000 screens, the penetration rate is only 1%, and the market space is still very large. Furthermore, with the recovery of the film market and improvement in cinema cash flow, it is expected that the next few years will usher in the peak of upgrading cinema projection equipment. CINITY is a highly competitive product in the special cinema market and will perform well in the renewal of cinemas.
China Film (600977.SH): Currently not considering opening up brand licensing or joining
Ge Longhui, May 27丨China Film (600977.SH) said at the performance briefing that “China Film International Cinema” is the company's own cinema brand. In order to guarantee the control and recognition of self-operated cinemas, it is currently not considering opening up brand licensing or joining. The China Cinema Line has a brand authorization system. Participating cinemas can negotiate with theaters according to the relevant regulations; the use of “China Film” related brands on non-Chinese cinema lines is suspected of infringement. Please provide the name of the cinema, and the company's business department will verify the relevant situation before providing feedback to you.
China Film (600977.SH): Plans to expand at least 10 self-operated cinemas through new construction and acquisitions in 2024
Ge Longhui, May 27丨China Film (600977.SH) said at the performance briefing that in terms of screening market layout, the company strategically considers “quality” first, then “quantity” and proportion. In terms of “quality,” the company has strengthened cinema management in recent years, vigorously discussed rent cuts, promoted the liquidation and cancellation of theaters with deteriorated operations, and reduced costs and increased efficiency on the cinema side. These measures have already achieved some results. In terms of “volume”, the company has always maintained an open and developed attitude, and has not had a very aggressive investment strategy. We have always paid great attention to high-quality cinema resources in key regions, and strong premises
Chinese Film (600977.SH): The company's film “Wandering Earth” has developed a series of derivatives such as toys and everyday consumer goods
Ge Longhui, May 27丨China Film (600977.SH) said at the performance briefing that the company's IP licensing cooperation is mainly based on the characteristics and business conditions of the work. The company's film “Wandering Earth” has developed a series of derivatives such as toys and everyday consumer goods, and the “Legend of the Condor Heroes” series is also preparing to develop related derivatives.
Chinese Film (600977.SH): Participating in the production of the films “Sauce Garden Alley” and “Declassified”, scheduled to be screened within the year
Ge Longhui, May 27丨China Film (600977.SH) said at the performance briefing that the second part of the film “Volunteer Army” produced by the company's owner will be screened on the National Day, and the films “Just Green”, “The Big Scene”, and “You Don't Come, I'm Not Old” are scheduled to be screened within this year. In addition, the company participated in the production and distribution of the film “Stop and Go” scheduled for June 8, and the participating film “White Snake: Floating” is scheduled to be screened on August 10, and the participating films “Sauce Garden Alley” and “Declassified” are scheduled to be screened during the year. The release film “Raffles Hotel” and “Negotiating Experts” will be screened on June 8. Other film dates are yet to be determined. Thank you for following
Chinese Film (600977.SH): Overall, this year's total box office is expected to surpass last year's
Ge Longhui, May 27丨China Film (600977.SH) said at the performance briefing that while this year's Spring Festival program reached a record high, it was also accompanied by a drop in average ticket prices and an increase in the number of movie viewers; in the context of the popularity of travel, the box office and number of movie viewers of the May 1st festival both surpassed the same period last year, all showing a very encouraging development trend. Judging from the works to be screened, the Summer Program and National Day Program companies have stocked up quite a few outstanding works. In terms of imported films, they also try their best to guarantee supply and support promotion of high-profile films that are highly anticipated by viewers. So, overall, we think this year's total box office is expected to surpass last year's.
Analysts' Revenue Estimates For China Film Co., Ltd. (SHSE:600977) Are Surging Higher
Shareholders in China Film Co., Ltd. (SHSE:600977) may be thrilled to learn that the analysts have just delivered a major upgrade to their near-term forecasts. The revenue forecast for this year has
China Film (600977.SH) reported first-quarter results, net profit of 96.9073 million yuan, a year-on-year decrease of 46.66%
According to the Zhitong Finance App, China Film (600977.SH) released its report for the first quarter of 2024, with revenue of 1,026 billion yuan, a year-on-year decrease of 28.99%. Net profit attributable to shareholders of listed companies was 96.9073 million yuan, a year-on-year decrease of 46.66%. Net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 81.29 million yuan, a year-on-year decrease of 49.34%. Basic earnings per share were $0.052.
China Film's (SHSE:600977) Strong Earnings Are Of Good Quality
China Film Co., Ltd.'s (SHSE:600977) robust earnings report didn't manage to move the market for its stock. Our analysis suggests that this might be because shareholders have noticed some concerning
Time To Worry? Analysts Are Downgrading Their China Film Co., Ltd. (SHSE:600977) Outlook
Today is shaping up negative for China Film Co., Ltd. (SHSE:600977) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. Revenue and earnings per shar
China Film (600977.SH): Net profit of 263 million yuan in 2023 turned a year-on-year loss into profit
Ge Longhui, April 19 | China Film (600977.SH) released its 2023 annual report. Operating revenue for the reporting period was 5.334 billion yuan, up 82.67% year on year; net profit attributable to shareholders of listed companies was 263 million yuan, turning a year-on-year loss into a profit; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 112 million yuan; basic earnings per share.
SDIC Securities: What are the difficulties in implementing AI applications?
The big model is the “main track” of AI technology today. From ChatGPT to Sora and Kimi, the pattern of big model manufacturers at home and abroad is basically clear; however, the application of big models, as the “vanguard” of AI application implementation, “just hearing its voice and not seeing its people.”
UBS: Maintaining Maoyan Entertainment's “Buy” Rating and Raising the Target Price to HK$12.5
UBS released a research report saying that maintaining the “buy” rating of Maoyan Entertainment (01896), it is expected that the accumulation of demand for offline performance activities will help increase the company's market share. Coupled with this year's ideal movie content pipeline, many major blockbusters will be screened within this year. It is estimated that Maoyan's overall online ticketing revenue will increase by 3% this year, and the target price will rise from HK$12.05 to HK$12.5. The report quoted that the company's revenue last year increased 105% year on year, in line with market expectations. Adjusted net profit increased 342% year on year, 11% to 12% higher than the bank's and market expectations. I believe this is due to cost control measures during the period
Returns On Capital Signal Difficult Times Ahead For China Film (SHSE:600977)
When we're researching a company, it's sometimes hard to find the warning signs, but there are some financial metrics that can help spot trouble early. Businesses in decline often have two underlying
Chinese Film (600977.SH): Currently there is no short drama business line
Ge Longhui, Feb. 23 | China Film (600977.SH) said on the investor interactive platform that the company currently has no short drama business line.
Huajin Securities: The Spring Festival program sets new records in film history, word-of-mouth and strong box office recovery
Multiple data refresh history
CICC: Spring Festival box office and attendance reached record highs, optimistic about leading movies, participants, Maogan Entertainment, etc.
CICC released a research report stating that it is optimistic about leading Spring Festival film participants Fang Yuewen Group (00772) (“Hot Rolling Hot” produced by Xinli Media), Alibaba Pictures (01060) (participating in the production and distribution of “Hot and Hot Hot”), Optical Media (300251.SZ) (producing and distributing “Section 20”), and Maoyan Entertainment (01896) (participating in the production and publication of “Flying Fast Life 2”), and it is recommended to follow Wanda Films (0039.27SZ), Chinese Film (Horizontal) Store Video (603103.SH) 600977.SH , Shanghai Film (6015)
Galaxy Securities: The movie market continues to recover, and the pre-sale performance of the Spring Festival program is outstanding
On the afternoon of February 1, the 2024 Spring Festival pre-sale box office broke 100 million, the fastest in the past three years.
Is China Film Co., Ltd.'s (SHSE:600977) Stock Price Struggling As A Result Of Its Mixed Financials?
It is hard to get excited after looking at China Film's (SHSE:600977) recent performance, when its stock has declined 10% over the past three months. It seems that the market might have completely i
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