Wanda Film Holding Co.Ltd(002739)
Stock Code: 002739 stock abbreviation: Wanda Film Holding Co.Ltd(002739) Announcement No.: 2022-001 Wanda Film Holding Co.Ltd(002739)
Performance forecast for 2021
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Expected performance of the current period
1. Performance forecast period:
January 1, 2021 to December 31, 2021
2. Expected performance
Loss √ turn loss into profit, increase in the same direction and decrease in the same direction others
The current reporting period of the project is the same period of last year
Net profit attributable to shareholders of listed companies: 90 million yuan to 130 million yuan, loss: 6668.6955 million yuan
Net profit after deducting non recurring profit and loss: 10-30 million yuan, loss: 6852.6521 million yuan
Basic earnings per share: 0.0403 yuan / share - 0.0583 yuan / share loss: 3.1589 yuan / share
Note: the company will implement the new leasing standards (accounting standards for Business Enterprises No. 21 - leasing) from January 1, 2021. According to the new standards, the company shall recognize the relevant assets and liabilities for the lease contract with fixed rent or guaranteed rent, recognize the right of use assets and lease liabilities from the beginning of the lease term, and recognize the depreciation and interest expenses respectively. According to the preliminary calculation of the company's finance department, the implementation of the new leasing standards reduced the company's net profit by about 150 million yuan in 2021.
2、 Communication with accounting firms
The relevant data of this performance forecast is the preliminary calculation result of the company's financial department and has not been audited by an accounting firm. However, the company has pre communicated with the accounting firm on major matters related to the 2021 annual performance forecast, and there is no difference between the company and the accounting firm.
Wanda Film Holding Co.Ltd(002739)
3、 Explanation of performance change reasons
1. In 2021, with the overall stability of China's epidemic situation and the normalization of epidemic control, China Film Co.Ltd(600977) market accelerated recovery. The national box office reached 42.86 billion yuan (excluding service fees), an increase of 130.4% over 2020, and the number of film viewers reached 1.17 billion, an increase of 112.7% over 2020, and recovered to about 70% in 2019. However, due to repeated epidemics in Jiangsu, Henan, Inner Mongolia, Liaoning, Heilongjiang, Shaanxi and other places, cinemas in medium and high-risk areas have been suspended, and some film shooting and release plans have been adjusted. At the same time, the supply of imported films under the influence of overseas epidemics is insufficient. The number of imported films in 2021 is nearly half lower than that in 2019, and the box office is reduced by about 15 billion, The proportion decreased from 37.5% in 2019 to 15.5%, and the film industry is still greatly affected. During the reporting period, the company made great efforts to operate, innovate and increase revenue, seek breakthroughs, and actively promote the steady recovery of various business operations. In the whole year, the box office reached 6.22 billion yuan and 160 million film viewers, a significant increase over 2020, which has recovered to 80% in 2019, nearly 10 percentage points higher than the industry average. As of December 31, 2021, the company has 790 cinemas and 6750 screens in China, including 699 directly operated cinemas and 6063 screens. The cumulative market share of the company's cinemas (including franchising) in 2021 was 15.3%, maintaining a steady increase. However, affected by the downward pressure of macro-economy and the decline of box office and person times under the epidemic, the advertising business of the company recovered slowly, which had a certain impact on the overall operating performance of the company.
In 2021, the company's Australian cinema achieved a box office of about 740 million yuan and 9.45 million film viewers, with a significantly narrower loss than that in 2020. Although the overseas epidemic continued to affect during the reporting period, Australian cinemas have fully resumed business in the fourth quarter, and films such as dune, 007: no time to die and Spider Man 3: no return of heroes have been released one after another. Among them, Spider Man 3: no return of heroes has nearly $1.7 billion at the global box office, ranking sixth in film history, and the Australian film market is also recovering rapidly.
2. In 2021, the company's subsidiary Wanda film and television media Co., Ltd. (hereinafter referred to as "Wanda film and television") invested and controlled a number of films successively released, of which "Chinatown detective 3" achieved a box office of 4.52 billion yuan, and "manslaughter 2" has exceeded 1 billion yuan so far, all of which have entered the top ten domestic films released in 2021. However, affected by many factors such as the increasingly obvious schedule aggregation effect in the post epidemic era, the intensification of the polarization of the film box office and the increasing uncertainty of schedule selection, some films of Wanda film and television failed to be released on schedule or the box office was lower than expected, and some dramas failed to be broadcast as planned. According to the preliminary calculation of the company's financial department, Wanda film and television failed to fulfill its performance commitment in 2021. Please pay attention to the investment risks.
4、 Other relevant instructions
Wanda Film Holding Co.Ltd(002739)
This performance forecast is the preliminary calculation result of the company's financial department. The specific financial data are subject to the data disclosed in the company's 2021 annual report. Please pay attention to the investment risks.
It is hereby announced.
Wanda Film Holding Co.Ltd(002739) board of directors January 28, 2022
