On the evening of March 8, China Film Co.Ltd(600977) released the annual performance express of 2021. During the reporting period, the company achieved an operating revenue of 5.816 billion yuan, a year-on-year increase of 97.16%; The net profit attributable to the parent company was 237 million yuan, with a loss of 556 million yuan in 2020. By the end of the reporting period, the total asset balance of the company was 19.248 billion yuan, an increase of 14.47% over the beginning of the period. The asset structure was stable and the asset liquidity was good.
China Film Co.Ltd(600977) said that there are two main reasons for turning losses into profits in 2021: first, due to the normalization of epidemic prevention and control in China, the consumption of film viewing in various schedules is active, and the national film market recovers rapidly; Second, the company’s main businesses have recovered steadily, the development trend is good, and the market share has been further improved.
China Film Co.Ltd(600977) introduced that in 2021, the China Film Co.Ltd(600977) market continued to recover under the background of the normalization of covid-19 pneumonia epidemic prevention and control. According to the data released by the state film administration, the total box office of national films in 2021 was 47.258 billion yuan, which has recovered to 74% of that before the outbreak; There were 1.167 billion film viewers in urban cinemas, more than double that in 2020.
