证券代码：601595 证券简称：上海电影 公告编号：2024-024 上海电影股份有限公司 第四届监事会第十五次会议决议公告 本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、准确性和完整性承担法律责任。 一、监事会会议召开情况 上海电影股份有限公司（以下简称"公司"）于 2024 年 8 月 30 日以通讯表 决的方式召开了第四届监事会第十五次会议（以下简称"本次会议"）。本次会 议通知及会议材料已于 2024 年 8 月 24 日通过电子邮件方式送达全体监事，本次 监事会应出席监事 5 名，实际出席监事 5 名，出席监事占应出席人数的 100%， 会议由监事会主席钮怿女士主持。本次会议的召集、召开程序符合《中华人民共 和国公司法》（以下简称《公司法》）等相关法律、法规及《上海电影股份有限 公司章程》的规定，会议决议合法、有效。 二、监事会会议审议情况 1．审议通过《关于<2024 年半年度报告>及摘要的议案》 经审核，监事会认为董事会编制和审议《上海电影股份有限公司 2024 年半 年度报告》及摘要的程序符合法律、行政法规及中国证监会的规定，报告内容真 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 380,863,794.07, representing a 2.39% increase compared to CNY 371,957,699.30 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was CNY 69,081,820.89, up 4.92% from CNY 65,840,290.66 in the previous year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 84.86% to CNY 43,075,897.33 from CNY 23,302,350.52 year-on-year[13]. - The net cash flow from operating activities was negative at CNY -9,314,482.40, a significant decline of 111.44% compared to CNY 81,443,022.23 in the same period last year[13]. - The net assets attributable to shareholders at the end of the reporting period were CNY 1,666,216,191.93, reflecting a 1.09% increase from CNY 1,648,229,171.04 at the end of the previous year[13]. - Total assets decreased by 5.30% to CNY 2,813,549,746.54 from CNY 2,971,148,080.23 year-on-year[13]. - Basic earnings per share for the reporting period (January to June) remained at CNY 0.15, unchanged from the same period last year[14]. - The basic earnings per share after deducting non-recurring gains and losses increased by 100% to CNY 0.10 from CNY 0.05 in the previous year[14]. - The weighted average return on net assets decreased slightly to 4.11% from 4.12% year-on-year[14]. - The weighted average return on net assets after deducting non-recurring gains and losses increased by 1.13 percentage points to 2.56% from 1.43% in the previous year[14]. Box Office and Market Trends - The total box office for the domestic film market in the first half of 2024 was CNY 23.773 billion, a decrease of 9.50% compared to the same period in 2023[16]. - The number of moviegoers reached 548 million, down 9.27% year-on-year, with an average ticket price of CNY 43.39, a slight decrease of 0.25%[16]. - Domestic films accounted for 81.09% of the total box office, generating CNY 19.277 billion, while imported films contributed CNY 4.496 billion, a decline of 30.38%[16]. - The company is focusing on enhancing cinema operations and expanding its IP development business to increase revenue streams[16]. - The government has initiated a consumption season from August to October 2024, aiming to boost movie attendance and support the film industry[16]. Cinema Operations and Development - The cinema chain achieved a total box office of 1.761 billion yuan (including service fees), ranking 4th nationwide with a market share of 7.41% and a total of 37.45 million moviegoers[19]. - The company’s direct-operated cinemas generated a box office of 245 million yuan (including service fees), holding a market share of 1.03%[19]. - The total number of franchise cinemas under the chain reached 789, with a total of 5,031 screens as of the end of the reporting period[19]. - The company is actively developing high-quality cinema franchises through various methods, including authorized franchising and equipment upgrades, to enhance franchise standards and quality[19]. - The company plans to integrate LED digital innovation and content creation with BOE Technology Group to establish a new benchmark for cinema audiovisual experiences[19]. - The company has launched a "Cinema Treasure" service in collaboration with banks, providing financial solutions for franchise clients[19]. - The company’s "SFC Shanghai Film City" and "SFC Shanghai Film City (Honghui Yonghua IMAX Store)" ranked first and second in box office performance in Shanghai[19]. - The company is focusing on the development of a full IP industry chain, actively exploring new popular IP content while leveraging existing classic animation and film IPs[18]. - The company hosted nearly 100 "Cinema+" events, including premieres and themed activities, attracting significant audience engagement[19]. - The company is shifting from policy-based screenings to commercial screenings in rural and educational cinema lines, enhancing service quality and content diversity[19]. Costs and Expenses - The company's operating costs decreased by 0.47% to ¥279,161,773.79 from ¥280,473,799.27 year-on-year[22]. - Sales expenses increased significantly by 48.42% to ¥13,737,745.83 from ¥9,255,987.20 in the previous year[22]. - The company achieved over 100% growth in revenue and profit from its IP development business, driven by new collaborations and product launches[20]. - The average viewership rating for the Spring Festival Gala program featuring over 30 animated characters was 34.1%, ranking in the top 3 overall[20]. Cash Flow and Investments - Cash and cash equivalents decreased by 61.77% to ¥300,058,029.55, down from ¥784,867,559.63 in the previous year[25]. - Inventory increased significantly by 161.45% to ¥43,288,249.26, compared to ¥16,557,052.58 last year, primarily due to increased film production costs[25]. - Prepayments rose by 26.97% to ¥13,562,987.15, up from ¥10,681,833.34 in the previous year[25]. - The company reported an asset disposal gain of ¥10,528,850.46, accounting for 11.64% of total profit, primarily due to changes in leasing models for some cinemas[23]. - Investment income amounted to ¥12,615,698.28, representing 13.95% of total profit, mainly from the sale of subsidiary equity and structured deposits[23]. Risks and Challenges - The company faces intensified market competition in the film industry, with a shift towards a saturated competition era expected in the short term[31]. - The recovery of box office revenue to pre-pandemic levels remains uncertain due to increasing competition from online media and changing consumer habits[32]. - There is a risk of insufficient supply of quality content, which is crucial for the company's film distribution and exhibition business[32]. - The company may encounter risks related to the recovery of receivables and potential asset impairments due to industry recovery delays[32]. - The company has a risk associated with property lease expirations, which could lead to increased costs or inability to renew leases[32]. Shareholder and Corporate Governance - The company did not propose any profit distribution or capital reserve transfer for the reporting period[35]. - There are no updates on stock incentive plans or employee stock ownership plans during the reporting period[36]. - The company has not disclosed any significant environmental protection measures or changes during the reporting period[37]. - The company has not reported any specific actions related to poverty alleviation or rural revitalization efforts[38]. - The company has commitments from its controlling shareholder, Shanghai Film (Group) Co., Ltd., to avoid any future competition and protect investor interests, which includes not engaging in any competing business activities[39]. - The company has committed to minimizing and regulating related party transactions, ensuring that transactions are conducted fairly and in compliance with relevant laws and regulations[39]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[40]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[40]. - The company has not received any penalties or corrective actions related to violations of laws or regulations during the reporting period[40]. - The company has a long-term commitment from its controlling shareholder to ensure compliance with related party transaction regulations and to compensate for any losses incurred due to violations[39]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the accrual basis of accounting, reflecting the company's financial position accurately[73]. - The company views the entire corporate group as a single accounting entity, preparing consolidated financial statements that reflect the overall financial position, operating results, and cash flows of the group[80]. - The company recognizes the loss exceeding the minority shareholders' equity in subsidiaries, which reduces the minority shareholders' equity[81]. - The company applies the equity method for investments in joint ventures, confirming its share of assets, liabilities, revenues, and expenses related to joint operations[82][83]. - The company assesses impairment of financial assets based on expected credit losses, considering past events, current conditions, and forecasts of future economic conditions[92]. - The company uses the effective interest method to calculate interest income on financial assets measured at amortized cost[87]. - The company categorizes financial instruments into groups based on credit risk characteristics to determine expected credit losses, using aging analysis for accounts receivable and other receivables[93]. Inventory and Receivables Management - The total inventory at the end of the period is 43,288,249.26 RMB, with a significant portion being finished goods valued at 14,608,824.60 RMB[176]. - The company has a total of ¥135,375,736.68 in accounts receivable under the combined provision method, with a provision amount of ¥9,330,893.47, reflecting a provision ratio of 6.89%[157]. - The company expects to recover a significant portion of its receivables, with specific provisions for certain accounts reaching 100%[158]. - The total bad debt provision for the combined method was ¥9,330,893.47, down from ¥10,765,085.05 at the beginning of the period, showing a decrease of approximately 13.3%[159]. Future Outlook and Strategic Plans - The company plans to expand its market presence in the Asia-Pacific region in the upcoming quarters[67]. - The company continues to focus on market expansion and new product development strategies to drive future growth[60].

上海电影股份有限公司（以下简称"公司"）于 2024 年 8 月 30 日以通讯表 决的方式召开了第四届董事会第二十三次会议（以下简称"本次会议"）。本次 会议通知及会议材料已于 2024 年 8 月 24 日通过电子邮件方式送达全体董事，本 次会议应出席董事 9 名，实际出席董事 9 名，出席董事占应出席人数的 100%， 会议由董事长王健儿先生主持。本次会议的召集、召开程序符合《中华人民共和 国公司法》等相关法律、法规及《上海电影股份有限公司章程》的规定，会议决 议合法、有效。 二、董事会会议审议情况 证券代码：601595 证券简称：上海电影 公告编号：2024-023 上海电影股份有限公司 第四届董事会第二十三次会议决议公告 本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 1．审议通过《关于<2024 年半年度报告>及摘要的议案》 特此公告。 上海电影股份有限公司董事会 2024 年 8 月 31 日 1 表决结果：9 票赞成；0 票弃权，0 票反对。 本议案已经审计委员会审议通过，无需提交公司 ...

证券代码：601595 证券简称：上海电影 公告编号：2024-022 上海电影股份有限公司 2023 年年度权益分派实施公告 本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： 每股分配比例 A 股每股现金红利 0.114 元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/7/30 | － | 2024/7/31 | 2024/7/31 | 本次利润分配方案经公司 2024 年 6 月 27 日的 2023 年年度股东大会审议通 过。 二、分配方案 1．发放年度：2023 年年度 2．分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3．分配方案： 本次利润分配以方案实施前的公司总股本 448,200,000 股为基数，每股派发 现金红利 0.114 元（含税）， ...

证券代码：601595 证券简称：上海电影 公告编号：2024-021 上海电影股份有限公司 2023 年年度股东大会决议公告 本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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 13 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 319,020,407 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 71.1781 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会采取现场投票与网络投票相结合的方式，对会议通知中列明的审议 事项进行了投票表决，表决方式符合《公司法》与《公司章程》的规定。会议由 公司董事长王健儿先生主持。 1 (一) 股东大会召开的时间：2024 年 6 月 27 日 (二) 股东大会召开的地点：上海市徐汇区漕溪北路 595 号 C 座 14 楼会议室 (三) 出席会议的普通 ...

北京市金杜律师事务所上海分所 关于上海电影股份有限公司 2023 年年度股东大会 之法律意见书 致：上海电影股份有限公司 北京市金杜律师事务所上海分所（以下简称本所）接受上海电影股份有限公 司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会 《上市公司股东大会规则（2022 年修订）》（以下简称《股东大会规则》）等 中华人民共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国 香港特别行政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政 法规、规章和规范性文件和现行有效的《上海电影股份有限公司章程》（以下简 称《公司章程》）有关规定，指派律师出席了公司于 2024 年 6 月 27 日召开的 公司 2023 年年度股东大会（以下简称本次股东大会），并就本次股东大会相关 事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1. 经公司 2023 年第二次临时股东大会审议通过的《公司章程》（2023 年 12 月修订）； 2. 公司 2024 年 4 月 ...

上海电影股份有限公司 2023 年年度股东大会 会议资料 二零二四年六月 2023 年年度股东大会会议资料 目 录 | 股东大会须知 | | | 3 | | --- | --- | --- | --- | | 股东大会议程 | | | 6 | | 议案一 | 关于《2023 年度董事会工作报告》的议案 | | 8 | | 议案二 | 关于《2023 年度监事会工作报告》的议案 | | 9 | | 议案三 | 关于《2023 年度财务决算报告》的议案 | | 10 | | 议案四 | 关于《2023 年年度报告》及摘要的议案 | | 11 | | 议案五 关于公司 | 2023 年度利润分配预案及 2024 | 年中期现金分红事 | | | 项的议案 | | | 12 | | 议案六 关于续聘 | 2024 年度审计机构的议案 | | 14 | | 议案七 关于预计 | 2024 年度日常关联交易限额的议案 | | 19 | | 议案八 | 关于提请股东大会授权董事会以简易程序向特定对象发行股 | | | | 票的议案 | | | 34 | | 议案九 | 关于公司未来三年（2024-2026）股东回报规划的议 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a neutral outlook [1]. Core Insights - The report highlights the strengthening consumer willingness and ability to spend on IP derivatives in China, indicating significant growth potential for the IP industry [2]. - The company is strategically focusing on high-value IP development and digital transformation, aligning with the "14th Five-Year Plan" proposed by its major shareholder, Shanghai Film Group [5][10]. - The acquisition of a 51% stake in Shanghai Film Yuan Culture marks a pivotal step in the company's transition towards large IP development, creating a dual-track business model [15][35]. Financial Summary - The company forecasts revenue growth from RMB 430 million in 2023 to RMB 1.5 billion by 2026, reflecting a compound annual growth rate (CAGR) of approximately 35.57% [1]. - The net profit attributable to the parent company is expected to rise from a loss of RMB 328.2 million in 2022 to a profit of RMB 428.31 million by 2026, indicating a significant turnaround [1]. - Earnings per share (EPS) are projected to increase from a loss of RMB 0.73 in 2022 to RMB 0.96 by 2026 [1]. Business Structure - The company's operations are divided into four main segments: cinema operations, cinema line business, film distribution, and large IP development [27]. - The cinema operations include the SFC cinema chain, which is one of the largest in the country, while the film distribution leverages the strengths of the Shanghai Film Group [27][28]. - The large IP development business, initiated after the acquisition of Shanghai Film Yuan, focuses on content development, licensing, and creating new consumption scenarios [27][35]. Market Position - Shanghai is identified as the largest box office market in China, with strong demand for imported films [81]. - The company ranks among the top three cinema lines in the country, benefiting from high operational efficiency [11]. - The report notes that the profitability of film screening-related businesses has recovered, and large IP development is expected to contribute to incremental growth [10][18]. IP Development Strategy - The company holds a diverse portfolio of 60 high-value IPs, including both animated and live-action properties, which are crucial for its large IP development strategy [36]. - The report emphasizes the importance of renewing existing IPs and exploring new content to maximize their market value [55]. - Collaborations with major brands and innovative marketing strategies are being employed to enhance the visibility and commercial potential of its IPs [61][92].

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Summary of Conference Call Company and Industry Involved - The conference call involves Guohai Media and its strategic partnership with BOE Technology Group in the cinema projection equipment update sector [1] Core Points and Arguments - Guohai Media is focusing on early layout in the cinema projection equipment update market [1] - The collaboration with BOE aims to create a second-round field of interconnected projection technology [1] Other Important but Possibly Overlooked Content - The call began with a disclaimer and all participants were muted at the start [1]