新华社厦门11月16日电（记者颜之宏、胡梦雪）第37届中国电影金鸡奖16日晚在福建厦门揭晓。《第二 十条》获最佳故事片奖，雷佳音、李庚希分别获得最佳男主角奖和最佳女主角奖。 除斩获最佳女主角奖外，李庚希主演的《我们一起摇太阳》还同时收获最佳编剧奖。王骁凭借《三大 队》获得最佳男配角奖，刘丹凭借《乘船而去》获得最佳女配角奖，陈凯歌凭借《志愿军：雄兵出击》 获最佳导演奖，同时，该片还获得评委会特别奖。《孤注一掷》收获最佳剪辑奖。 《守龙者》收获最佳美术片奖。张裕笛导演的《倒仓》获最佳导演处女作奖，《又是充满希望的一天》 获最佳中小成本故事片奖，《里斯本丸沉没》获最佳纪录/科教片奖，《屋顶足球》获最佳儿童片奖， 《安国夫人》获最佳戏曲片奖，《奥本海默》获最佳外语片奖。 此外，《飞驰人生2》同时包揽最佳录音奖和最佳美术奖，《三大队》获最佳音乐奖，《热烈》获最佳 摄影奖。 颁奖典礼上，徐光耀、谢飞获颁中国文联终身成就奖（电影）。 ...

Core Insights - The 45th American Film Market showcased the impressive performance of Chinese cinema, with the China Film Group establishing a "China Film Joint Exhibition" that featured 201 film projects, highlighting the latest developments in Chinese cinema and enhancing cultural exchange between China and the U.S. [1] - The interest expressed by major North American film companies, including 20th Century Fox, Warner Bros, Universal Pictures, Sony Pictures, Disney, and Paramount, in collaborating on the distribution of Chinese films indicates a growing recognition of the quality of Chinese cinema in the international market [2] - The collaboration between China Central Television and NBC Universal on the Jubao streaming platform provides North American audiences with access to a diverse range of Chinese films, further promoting cultural exchange [3] Industry Developments - The rise of Chinese cinema has led to innovative overseas distribution channels, with platforms like Jubao catering to 50 million users in North America [3] - American audiences are increasingly drawn to Chinese films, with positive feedback on the quality and appeal of these films, particularly in the action genre [3] - The potential of the Chinese film market is underscored by its status as the second-largest film market globally, with significant box office contributions from Chinese audiences for major Hollywood releases [4][5]

Investment Rating - The report maintains a "Recommendation" rating for the company with a target price of 13.2 CNY [1]. Core Views - The company's Q3 2024 performance was below expectations, with revenue of 0.893 billion CNY (down 34% YoY) and a net profit of 0.011 billion CNY (down 90% YoY) [1]. - The overall film market saw a box office of 10.865 billion CNY in Q3 2024, an increase of 44% YoY, but the company faced significant pressure due to a lack of quality supply [1]. - The company remains a leader in various business segments, including film distribution, production, exhibition, technology, and services, with significant market shares in each area [1]. - Looking ahead to 2025, the company is expected to recover, particularly in the distribution and production segments, as both domestic and imported films are anticipated to enter a new supply release cycle [1]. Financial Summary - For 2024E, total revenue is projected at 4.49 billion CNY, a decrease of 15.8% YoY, with net profit expected to be 0.291 billion CNY, reflecting a growth of 10.5% YoY [2]. - The company’s earnings per share (EPS) for 2024E is estimated at 0.16 CNY, with a price-to-earnings (P/E) ratio of 75 [2]. - The projected net profit for 2025E is 0.615 billion CNY, with a significant growth rate of 111.4% YoY, and an EPS of 0.33 CNY [2].

Investment Rating - The report maintains an "Accumulate" rating for the company [3]. Core Views - The company reported a significant decline in revenue and net profit for the first three quarters of 2024, with revenue of 3.016 billion and a net profit of 216 million, representing year-on-year decreases of 28.38% and 54.22% respectively [1]. - The overall film market in 2024 has been weak, with a total box office of 34.633 billion, down 24% year-on-year, and a particularly poor performance during the summer season [1]. - The company has a strong position in the film production and distribution sector, with a notable market share in both domestic and imported films [1]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company produced or participated in 34 films, achieving a total box office of 19.501 billion, which accounts for 73% of the total domestic box office [1]. - The company has released 425 domestic films, generating a box office of 22.183 billion, representing 91.37% of the total domestic film box office [1]. - The company’s cinema holdings include 128 operating cinemas with 965 screens, covering a total of 23,875 screens nationwide, with a market share of 29.85% [1]. Revenue and Profit Forecast - The revenue forecast for 2024 and 2025 has been revised down to 4.2 billion and 5.5 billion respectively, reflecting decreases of 43% and 36% from previous estimates [1]. - The net profit forecast for 2024 and 2025 has also been reduced to 185 million and 482 million, down 84% and 65% from earlier predictions [1]. - A new revenue forecast for 2026 is set at 6 billion, with a net profit forecast of 627 million [1]. Market Position and Competitive Advantage - The company is recognized as a leader in film production and distribution, with barriers to entry in the import film sector [1]. - The company has a comprehensive layout across the film industry chain, which enhances its competitive advantages [1].

财联社财经通讯社打开APP17:40:01【中国电影：前三季度净利润同比下降54.22%】财联社10月28日 电，中国电影发布2024年第三季度报告，前三季度实现营业收入30.16亿元，同比下降28.38%；净利润 2.16亿元，同比下降54.22%。 其中，第三季度营业收入8.93亿元，同比下降33.99%；净利润1130.59万元，同比下降89.78%。 中国电影+1.58%A股公告速递查看公告原文财联社声明：文章内容仅供参考，不构成投资建议。 投资者据此操作，风险自担。 2024-10-28 17:40:0123198 阅读商务合作发送 ...

Financial Performance - The company's operating revenue for the third quarter was approximately ¥893.41 million, a decrease of 33.99% compared to the same period last year[3]. - The net profit attributable to shareholders was approximately ¥11.31 million, down 89.78% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately -¥19.62 million, a decline of 124.17% compared to the previous year[3]. - The basic earnings per share for the third quarter was ¥0.006, a decrease of 89.83% year-on-year[3]. - The total revenue for the first three quarters of 2024 was approximately CNY 2.796 billion, a decrease from CNY 3.970 billion in the same period of 2023, representing a decline of about 29.5%[20]. - The net profit for Q3 2024 was CNY 197.56 million, down from CNY 503.31 million in Q3 2023, indicating a decrease of approximately 60.8%[19]. - The basic and diluted earnings per share for Q3 2024 were both CNY 0.115, compared to CNY 0.252 in Q3 2023, reflecting a decline of about 54.4%[19]. - The total profit for Q3 2024 was CNY 308.18 million, compared to CNY 681.79 million in Q3 2023, reflecting a decline of about 54.7%[18]. - The total comprehensive income attributable to the parent company's owners for Q3 2024 was CNY 216.36 million, compared to CNY 470.82 million in Q3 2023, a decline of about 54.0%[21]. Cash Flow and Assets - The company reported a net cash flow from operating activities of approximately ¥1.25 billion, a decrease of 58.28% year-on-year[3]. - The company's cash and cash equivalents as of September 30, 2024, amounted to approximately RMB 7.57 billion, an increase from RMB 7.25 billion at the end of 2023[14]. - The company's cash and cash equivalents decreased, impacting liquidity and operational flexibility[17]. - The cash and cash equivalents at the end of Q3 2024 amounted to CNY 7.547 billion, a decrease from CNY 8.203 billion at the end of Q3 2023, representing a decline of approximately 8.0%[21]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 1.246 billion, down from CNY 2.988 billion in the same period of 2023, a decrease of approximately 58.3%[20]. - The net cash flow from investing activities for Q3 2024 was negative CNY 1.040 billion, compared to negative CNY 1.038 billion in Q3 2023, indicating a slight increase in cash outflow[21]. Market and Operational Metrics - The total box office revenue for the first three quarters of 2024 was ¥34.63 billion, a decrease of 24% year-on-year[8]. - The company participated in the production of 34 films, achieving a total box office of ¥19.50 billion, accounting for 73% of the total domestic box office[9]. - The company operated 128 cinemas with a total of 965 screens, holding a market share of 29.85%[9]. - The company’s cinema and film distribution segments achieved a total box office of ¥9.11 billion with 217 million admissions in the first three quarters[9]. - The company has opened 186 CINITY theaters, including 15 CINITY LED theaters, and has completed the installation of 1 additional theater[10]. - The company sold 1,612 sets of projectors during the reporting period, capturing 58.49% of the new screen market nationwide[10]. - The company provided production services for 391 film and television works, including 219 movies and 20 TV series, during the reporting period[10]. - The registered users of the company's cloud ticketing platform reached 16.83 million, with access to 11,406 cinemas, representing over 85% of the total box office cinemas in the country[10]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥19.69 billion, an increase of 3.58% from the end of the previous year[3]. - The total assets of the company as of the end of the third quarter of 2024 amounted to CNY 19,694,729,573.83, an increase from CNY 19,014,467,427.83 at the end of the previous year[16]. - Non-current liabilities totaled CNY 2,026,661,895.86, a decrease from CNY 2,239,820,779.56 in the previous year[16]. - The company reported a decrease in accounts payable from CNY 4,448,703,204.36 to CNY 3,753,247,125.69, indicating improved cash management[17]. Strategic Initiatives - The company is focusing on new product development and market expansion strategies to recover from the revenue decline[17]. - The company plans to enhance its digital resources and technology capabilities to drive future growth[17]. - The company has released 343 CINITY version films, including 54 high frame rate films, during the reporting period[10]. - The company has a financing contract balance of RMB 130 million, serving 122 clients in film investment and cinema services[10]. - The company has not reported any significant changes in shareholder structure or major strategic shifts during the reporting period[12].

005【中国电影】第 三届监事会第六次会议决议公告.docx 证券代码：600977 证券简称：中国电影 公告编号：2024-030 中国电影股份有限公司（以下简称"公司"）第三届监事会第十一次会议于 2024 年 10 月 28 日以通讯方式召开，会议通知和材料于 2024 年 10 月 23 日以 电子邮件方式发出。本次会议应参会监事 4 人，实际参会监事 4 人。本次会议 的召集、召开和表决程序符合法律法规、部门规章、规范性文件和《中国电影股 份有限公司章程》（以下简称"《公司章程》"）的规定。 二、监事会会议审议情况 （一）审议通过《2024 年第三季度报告》 详见与本公告同日披露的《中国电影股份有限公司 2024 年第三季度报告》。 监事会认为：公司《2024 年第三季度报告》的编制和审议程序符合法律法 规和中国证监会、上海证券交易所的有关规定，报告内容能够真实、准确、完整 地反映公司实际情况。 议案表决结果：4 票同意，0 票反对，0 票弃权 中国电影股份有限公司 第三届监事会第十一次会议决议公告 公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、 ...

证券代码：600977 证券简称：中国电影 公告编号：2024-031 中国电影股份有限公司 2024 年中期利润分配方案的公告 公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 按照《中国电影股份有限公司 2024 年度"提质增效重回报"行动方案》（公 告编号：2024-012），为倾听股东诉求，优化回报机制，中国电影股份有限公司 （以下简称"公司"）董事会近期通过电话访谈结合问卷反馈的方式，面向公司 在册股东尤其是中小股东调研征询了关于现金分红频次的意见。为深入贯彻党的 二十届三中全会精神，积极响应"稳预期强信心"系列政策号召，董事会结合股 东集中诉求和当期利润情况提出 2024 年中期利润分配方案。 一、利润分配方案内容 根据公司 2024 年第三季度财务报告（未经审计），公司 2024 年 1-9 月归属 于上市公司股东的净利润为 21,555.98 万元，公司以最近一期经审计未分配利润 为基准，经董事会决议，本次利润分配方案如下： （一）公司拟向全体股东每 10 股派发现金红利 0.35 元（含税）。截至 ...

中国电影股份有限公司 第三届董事会第十四次会议决议公告 公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、董事会会议召开情况 中国电影股份有限公司（以下简称"公司"）第三届董事会第十四次会议于 2024 年 10 月 28 日以通讯方式召开，会议通知和材料于 2024 年 10 月 23 日以 电子邮件方式发出。本次会议应参会董事 10 人，实际参会董事 10 人。本次董 事会会议的召集、召开和表决程序符合法律法规、部门规章、规范性文件和《中 国电影股份有限公司章程》的规定。 二、董事会会议审议情况 证券代码：600977 证券简称：中国电影 公告编号：2024-029 （一）审议通过《2024 年第三季度报告》 详见与本公告同日披露的《中国电影股份有限公司 2024 年第三季度报告》。 议案表决结果：10 票同意，0 票反对，0 票弃权 本议案经董事会审计委员会事前审议通过并同意提交董事会审议。 （二）审议通过《2024 年中期利润分配预案》 详见与本公告同日披露的《中国电影 2024 年中期利润分配方案的公告》（公 告编号 ...

证券代码：600977 证券简称：中国电影 中国电影股份有限公司 2024 年半年度业绩说明会交流记录 中国电影股份有限公司（以下简称"公司"）于 2024 年 9 月 23 日上午召开 了 2024 年半年度业绩说明会。现将有关情况公告如下。 一、业绩说明会召开情况 召开时间：2024 年 9 月 23 日（周一）上午 10:00-11:30 召开方式：网络文字互动 网络平台地址：进门财经（https://www.comein.cn/roadshow/home/309484） 董事长、总经理傅若清先生，董事、董事会秘书、副总经理任月女士，董事、 财务总监王蓓女士，总工程师雷振宇先生，独立董事李小荣先生出席本次业绩说 明会，与投资者在线互动交流，并就投资者普遍关注的问题予以答复。 二、投资者提问及公司回复情况 本次业绩说明会中投资者提出的主要问题及公司回复情况整理如下： （一）问题：暑期档多部大片没达到预期，中秋档表现也比较常规，公司 如何看待电影市场的这种变化？未来如何调整？ 答复：您好。电影市场一直起起伏伏。每一次市场低于预期，意味着我们和 观众需求之间出现了错位，就是电影人要总结问题、以变求变的关键时刻 ...