Is China Film Co., Ltd.'s (SHSE:600977) Recent Price Movement Underpinned By Its Weak Fundamentals?
Latest adjustment of MSCI index: Huaneng Lancang River Hydropower Inc. (600025.SH) included, Swire Properties (01972) removed (attached list).
MSCI has announced the quarterly adjustment of its index for August 2024.
China Film Co., Ltd. (600977.SH) plans to distribute a dividend of 0.071 yuan per share for the fiscal year 2023, with the ex-rights and ex-dividend date of August 16th.
China Film Co., Ltd. (600977.SH) announced that it plans to distribute a cash dividend of 0.071 yuan per share for the year 2023.
China Film Co., Ltd. (600977.SH): The "Legend of the Condor Heroes" series has prepared for the development of related derivatives.
China Film Co., Ltd. (600977.SH) stated on its investor interaction platform that the company's IP authorization cooperation is mainly based on the characteristics of the works and business conditions. A series of derivative products such as toys and daily consumer goods have been developed for the company's film "The Wandering Earth", and relevant derivative products for the "Legend of the Condor Heroes" series are also being prepared for development.
[Brokerage Focus] CICC International covers China Film Co., Ltd. for the first time, stating that box office revenue is expected to have a moderate growth in the next two years.
Jinwu CaiXun | CICC International stated that it is the first time covering the China film industry. Despite the continued rise of home entertainment, the bank has identified several trends in the Chinese film industry that support its prediction of a 6% year-on-year growth rate in box office revenue from 2024 to 2026. The bank has observed: (1) the audience, mainly composed of Generation Z, prefer more diverse and realistic content; (2) technological upgrades are providing cinema audiences with experiences that are hard to compare with home streaming services; and (3) domestic films are becoming increasingly popular, providing upstream production companies with more opportunities.
China Film Co., Ltd. (600977.SH): The movie "The Wandering Earth" has developed a series of derivative products such as toys, daily consumer goods, etc.
On July 18th, Guolonghui, an investor asked China Film Co., Ltd. on the investor interaction platform, "Cross-border cooperation between the film industry and other industries will become a trend, such as cooperation between film and games, music, literature, etc. At the same time, we will continue to develop and use well-known IPs (intellectual property rights) to attract audiences and enhance market competitiveness. Does China Film have any progress in this regard?" The company replied that its IP authorization cooperation is mainly carried out according to the characteristics of the work and business conditions. The company's film "The Wandering Earth" has developed a series of derivatives such as toys and daily consumer goods, and the "Legend of the Condor Heroes" series.
China Film Co., Ltd. (600977.SH): The films that have participated in production and have been scheduled include "White Snake: The Origin" "Decryption" "Countercurrent" and so on.
On July 18, Geely Interactive Investors asked China Film Co., Ltd. (Stock Code: 600977.SH) on the Investor Interactive Platform: "What are the company's plans for the second half of the year and how can it quickly recover its box office volume in 2019?" The company responded that it has an abundant reserve of film projects, including productions and films that have already been scheduled for release, such as "White Snake: Tofus", "Decryption", "Against the Life", and others. The supply of imported films will also be abundant in the future, including "Deadpool and Wolverine", "Pulse of the Earth: Extreme Survival", "Tornado", and others.
Bright Culture has been actively exploring and looking for opportunities to further expand its video content operation business.
Bright Culture (01859) announced that the group has been actively exploring and seeking opportunities to further expand its video content operation business. As for the operation of television dramas, the group is actively obtaining the necessary licenses and permits to release and broadcast previously invested television dramas on major TV stations and video platforms, generating additional revenue for the group. As for the operation of reality shows, in order to take advantage of the group's competitive advantage in producing reality shows, the group is exploring with relevant entities to produce a reality show with the theme of a youth football academy. The group is also actively considering and exploring potential opportunities in China's film production industry, including but not limited to.
Shareholders in China Film (SHSE:600977) Are in the Red If They Invested Five Years Ago
A Piece Of The Puzzle Missing From China Film Co., Ltd.'s (SHSE:600977) Share Price
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
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
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