Company code: Hengdian Entertainment Co.Ltd(603103) company abbreviation: Hengdian Entertainment Co.Ltd(603103) Hengdian Entertainment Co.Ltd(603103)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company's operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2. The board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 3. All directors of the company attend the board meeting. 4. Lixin Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 5. The profit distribution plan or the plan of converting accumulation fund into share capital in the reporting period adopted by the resolution of the board of directors
According to the audit of Lixin Certified Public Accountants (special general partnership), the net profit attributable to the shareholders of the parent company in 2021 was 1366753658 yuan, and the profit available for distribution to shareholders was 14212429509 yuan as of December 31, 2021. In order to ensure the normal production and operation of the company, realize the sustainable, stable and healthy development of the company, better safeguard the long-term interests of all shareholders, and comprehensively consider the actual long-term development and short-term operation of the company, the board of directors of the company has formulated the profit distribution plan for 2021 as follows: no profit distribution, no conversion of capital reserve into share capital and other forms of distribution.
Section II basic information of the company
1 company profile
Stock type stock exchange stock abbreviation stock code
A-share Shanghai Stock Exchange Hengdian Entertainment Co.Ltd(603103) Hengdian Entertainment Co.Ltd(603103)
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Kong Zhengang, Chen Gang
Hengdian Entertainment Co.Ltd(603103) industrial experiment, Hengdian Town, Dongyang City, Zhejiang Province hengdianying office address, Hengdian Town, Dongyang City, Zhejiang Province
Business building of Visual Industry Experimental Zone
Tel: 057986751333
Email: Zhang [email protected]. cgang212126.com.
2. Introduction to the company's main business in the reporting period
According to the guidance on industry classification of listed companies issued by China Securities Regulatory Commission, the industry of the company is radio, television, film and film and television recording production.
Throughout the global film market in 2021, the total global box office was about US $21.4 billion, up 72.58% year-on-year. In the post epidemic period, the global cinemas were restarted one after another, and the film market gradually warmed up. Thanks to effective epidemic prevention and control measures, China took the lead in recovering among the major film markets in the world. The annual box office once again surpassed the North American market and became the world's largest film market in 2021 with a box office of US $7.276 billion.
In the global box office, the proportion of China's box office increased from 42.49% in 2020 to 50.32%, maintaining a leading position in the world. Among them, the Spring Festival in 2021 set a new box office record with 7.842 billion yuan, laying a foundation for China Film Co.Ltd(600977) market box office to continue to lead the world. Under the support of the Spring Festival, the box office of the mainland film market in February was 12.269 billion yuan, creating a single month high in global film history. In addition, China's monthly box office in the first, third, fourth, fifth and tenth natural months won the global box office champion in that month.
In 2021, China produced 740 films and released 572 new films, 263 more than 2020 and 4 more than 2019; 529 domestic films were released, accounting for 92.48%. There were 1.167 billion film viewers in the film market, and the total box office of mainland films was 47.258 billion yuan, of which the box office of domestic films was 39.927 billion yuan, accounting for 84.49% of the total box office. There were 42 domestic films with a box office of more than 100 million and 9 films with a box office of more than 1 billion. The number of cinemas continues to grow. By the end of 2021, there were 14201 cinemas and 82248 screens. The growth rate of cinemas was stable with the gradual saturation of the market. In 2021, cinemas increased by 8.2% and screens by 8.8% year-on-year.
Main business, main products or services and business model of the company during the reporting period
The company is an industry-leading and potential private cinema and cinema investment company in China. The company's main business is film and television investment, production, distribution, film projection and related derivative business.
Content side: in December 2020, the company completed the equity acquisition, and the film and television production and Hengdian film industry became a wholly-owned subsidiary of the company. The business scope of the company was further expanded to the production and distribution of film and television content upstream of the industrial chain, realizing the transformation and upgrading from "cinema" to "film company", and promoting the strategic layout of the whole industrial chain of the company. The development of the content section during the reporting period is as follows:
Hengdian film, a wholly-owned subsidiary of the company, participated in the release of films such as "give you a little red flower", "Hello, Li Huanying", "bear haunt · wild mainland", "my sister", "city of terracotta figures", "peak explosion", "sky of burning wild teenagers", "everything about my mother" and "I and my parents", which have a good reputation at the box office.
The film and television production of the wholly-owned subsidiary participated in the key project of the State Administration of radio, film and television and the production of China's first TV series "ask the sky" (formerly known as "flying in a big country") showing the aerospace industry of the new era. As the first producer, the TV series "Huakai mountain village" was selected into the list of selected topics of 100 key TV dramas of the State Administration of radio, film and television from 2018 to 2022 (the third batch), the Central Propaganda Department The State Administration of radio, film and television celebrated the 100th anniversary of the founding of the Communist Party of China, and the excellent TV dramas were broadcast simultaneously in a set of prime time and multiple video platforms of China Central Television.
The TV series "palace Ci of the great Song Dynasty" produced by sun film and television Investment Co., Ltd., the TV series "white jade thought flawless" jointly produced by sun film and television Investment Co., Ltd., the TV series "party a living next door", and the online film "Qimen Yanjia division" jointly produced by sun film and television Investment Co., Ltd. were released on the video platform.
Sun Baipin film and Television Co., Ltd. participated in "36 days of China's rescue of mine disaster", "mortal hero", "sister, you go ahead boldly" and "snake"
"Girl" and other online films, and online films such as "Mr. Yimei", "Infernal storm", "nine blood Wolves of the golden mouse against the cat", "breakthrough of the line of fire", "bloody sniper ridge", "big man Zhang Qian" were released on the video platform during the reporting period.
Screening end: the business model of asset connection is adopted, supplemented by signing and joining. The affiliated cinemas are divided into asset connection Cinemas (directly operated Cinemas) and joining cinemas. By the end of 2021, the company had 475 opened cinemas and 2958 screens, including 394 asset linked cinemas and 2492 screens. In 2021, 34 new cinemas and 217 new screens will be opened; 15 cinemas and 88 screens were closed. During the reporting period, the company achieved box office revenue of 1.811 billion yuan, with a year-on-year increase of 123.58%, of which the box office revenue of asset linked cinemas was 1.556 billion yuan, with a year-on-year increase of 123.24%, the market share was 3.63%, the number of film viewers in direct cinemas was 447498 million, and the box office revenue of film investment companies ranked third.
The company's main business income mainly comes from film and television investment, production and distribution income, film projection income, sales income and advertising income. The main products or services are:
1. Film and television investment, production and distribution. Through investment and production of TV dramas, the company sells TV drama copyright to TV stations and new media platforms to obtain copyright income and distribution income; Through investment and production of films, they are released by cinemas to obtain box office revenue and derivative revenue of films, and obtain income.
2. Film screening. The company obtains the right to show the film for a certain period through a professional film distribution company, and its subordinate self operated cinemas show the film according to the screening plan to provide film viewing services for consumers.
3. Sell goods. The cinema provides selling products including beverages, snacks and film derivatives in the sales department or other public areas. The audience can buy snacks and beverages before watching the film, or buy relevant derivatives after watching the film as a souvenir.
4. Advertise. The company's advertising business is mainly pre screening advertising and position advertising. Pre screening advertisements include film side patch advertisements, cinema line patch advertisements and cinema pre screening advertisements. Positional advertisements are mainly those broadcast or displayed through LED display screen, digital poster machine, light box poster, X display rack, KT board, paper billboard model, etc.
3. Main accounting data and financial indicators of the company
3.1 main accounting data and financial indicators in recent three years
Unit: yuan currency: RMB
20212020 compared with 2019
Increase or decrease in year (%)
Total assets 5444067370353604149317 54.25425871530716
Net assets attributable to shareholders of listed companies 149173738068187484572351 -20.43254109359316
Operating income 23660616460598973 Chengdu Road & Bridge Engineering Co.Ltd(002628) 139.06293411467462
After deducting the business income / income irrelevant to the main business and the income without commercial substance, 23630841789594175756745 150.92
Operating income of
The net profit attributable to the shareholders of the listed company is 1366753658 - 48052576965, not applicable to Shenzhen Frd Science & Technology Co.Ltd(300602) 15577
The net profit attributable to shareholders of listed companies after deducting non -4458014747 -46816753259 is not applicable to 225 Hunan Sundy Science And Technology Co.Ltd(300515) 14 recurring profits and losses
The net cash flow from operating activities is 65255334429 -994212047, not applicable to 55816395356
Weighted average return on net assets (%) increased by 22.31 to 12.71 from 0.92 to 21.39
Percentage points
Basic earnings per share (yuan / share) 0.02 -0.76, not applicable to 0.47
Diluted earnings per share (yuan / share) 0.02 -0.76, not applicable to 0.47
3.2 main accounting data by quarter in the reporting period
Unit: yuan currency: RMB
First quarter second quarter third quarter fourth quarter
(January March) (April June) (July September) (October December)
Operating income 83806402666637441681863514640323253909190521
171157191473 Shenzhen Guangju Energy Co.Ltd(000096) 037 -13621438459 -5127623067 net profit attributable to shareholders of listed company
Deduct non
