登录新浪财经APP 搜索【信披】查看更多考评等级 股票代码：002739 股票简称：万达电影 公告编号：2025-016 万达电影股份有限公司 关于持股5%以上股东减持股份的进展公告 股东莘县融智兴业管理咨询中心（有限合伙）保证向本公司提供的信息内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 万达电影股份有限公司（以下简称"公司"）于2025年2月17日披露了《关于持股5%以上股东减持股份的 预披露公告》（公告编号：2025-011），公司持股5%以上股东莘县融智兴业管理咨询中心（有限合 伙）（以下简称"莘县融智"） 计划在公告披露之日起15个交易日后的3个月内通过集中竞价及大宗交易 方式减持公司股份累计不超过63,353,361股，即不超过公司总股本的3.00%。 公司近日收到莘县融智出具的《股份减持计划实施进展的告知函》，莘县融智于2025年3月27日至2025 年4月8日减持公司股份4,840,678股，占公司总股本的0.23%。 截至2025年4月8日，莘县融智累计减持股份49,258,378股，占公司总股本的2.33% ...

万达电影股份有限公司 股票代码：002739 股票简称：万达电影 公告编号：2025-016 万达电影股份有限公司 关于持股 5%以上股东减持股份的进展公告 股东莘县融智兴业管理咨询中心（有限合伙）保证向本公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 万达电影股份有限公司（以下简称"公司"）于 2025 年 2 月 17 日披露了《关 于持股 5%以上股东减持股份的预披露公告》（公告编号：2025-011），公司持股 5%以上股东莘县融智兴业管理咨询中心（有限合伙）（以下简称"莘县融智"） 计 划在公告披露之日起 15 个交易日后的 3 个月内通过集中竞价及大宗交易方式减 持公司股份累计不超过 63,353,361 股，即不超过公司总股本的 3.00%。 公司近日收到莘县融智出具的《股份减持计划实施进展的告知函》，莘县融 智于 2025 年 3 月 27 日至 2025 年 4 月 8 日减持公司股份 4,840,678 股，占公司总 股本的 0.23%。 截至 2025 年 4 月 8 日，莘县融智累计减持股份 ...

股票代码：002739 股票简称：万达电影 公告编号：2025-017 万达电影股份有限公司 关于完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 万达电影股份有限公司（以下简称"公司"）2025 年第一次临时股东大会 审议通过了《关于拟减少注册资本及修订<公司章程>的议案》，公司总股本由 2,179,368,810 股变更为 2,111,778,708 股，公司注册资本将由 2,179,368,810 元相 应变更为 2,111,778,708 元，并据此修订公司章程中的相关条款。 近日，公司完成相关工商变更登记手续并取得了北京市朝阳区市场监督管理 局换发的《营业执照》，具体情况如下： 万达电影股份有限公司 1、名称：万达电影股份有限公司 8、经营范围：一般项目：电影摄制服务；休闲娱乐用品设备出租；广告发 布；票务代理服务；图文设计制作；税务服务；企业管理咨询；社会经济咨询服 务；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；信息系 统集成服务；信息系统运行维护服务；组织文化艺术交流活动；项目策划与公关 服务；服装服饰零售 ...

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [2][6] Core Views - The recovery of the supply side is driving the industry upward, with content channels expected to jointly drive growth [2][3] - The company has a comprehensive layout in the film and television industry chain, and the new management team is expected to empower a new starting point for growth [3][5] - The film industry is anticipated to enter a prosperous period starting in 2025, driven by an increase in domestic film quality and the commercialization of IP [3][5] Company Overview - Wanda Film was established in 2005 and has formed a global layout in cinema and film investment. The company experienced a downturn from 2020 to 2022 due to the COVID-19 pandemic and mergers and acquisitions, but revenue and profit rebounded in 2023 [3][11] - The company’s revenue from 2011 to 2019 grew rapidly, but fluctuated significantly from 2020 to 2022. In 2023, revenue reached 14.62 billion yuan, a year-on-year increase of 50.8% [19][31] Industry Analysis - The film box office in 2024 is expected to decline by 22% year-on-year due to a lack of new films. However, the number of film registrations has been increasing since 2023, and 2025 is expected to be a big year for domestic films [3][39] - The high operating leverage of cinema companies means that their performance is significantly affected by box office fluctuations [42][47] Business Introduction - The cinema business is the main source of income for the company, maintaining a market share of 17.5% in 2024, the highest in the country. The revenue from cinema operations has ranged between 5 to 9 billion yuan in recent years [4][31] - The content production business has a revenue scale of 400 to 800 million yuan, with significant fluctuations in revenue and gross margin [4][31] Growth Analysis - The new controlling shareholder, China Ruyi, is expected to help the company re-enter an expansion phase after shedding the negative impacts of Wanda Group's real estate business [5][12] - The release of high-quality domestic films is expected to continue driving industry recovery, with AI technology potentially enhancing content production efficiency [5][6] Profit Forecast and Investment Suggestions - The company is expected to maintain steady growth in the cinema sector and profit potential in the content sector, with a target price of 15.2 to 15.9 yuan, implying a growth potential of 30% to 40% [6][19] - The forecasted net profits for 2024-2026 are -890 million, 1.58 billion, and 1.76 billion yuan, respectively, with corresponding P/E ratios of -28, 16, and 14 times [6][19]

Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [2][6] Core Views - The recovery of the supply side is driving industry growth, with content channels expected to contribute to growth [2][3] - The company has a comprehensive layout in the film industry chain, and the new management team is expected to empower a new growth phase [3][5] - The film industry is anticipated to enter a prosperous period starting in 2025, driven by an increase in domestic film quality and technological advancements [3][5] Company Overview - The company was established in 2005 and has developed a global layout in cinema and film investment. It faced challenges from the COVID-19 pandemic and mergers and acquisitions, entering a low point from 2020 to 2022. However, it has seen a recovery in revenue and profit in 2023 [3][11] - The company’s revenue and profit are significantly influenced by the box office market cycle, with rapid growth from 2011 to 2019, followed by volatility from 2020 to 2022, and a strong recovery in 2023 [3][19] Industry Analysis - The film box office in 2024 is expected to decline by 22% year-on-year due to a lack of new films. However, the number of film registrations has been increasing since 2023, and 2025 is expected to be a significant year for domestic films [3][39] - The high operating leverage in the cinema industry means that companies are particularly affected by box office fluctuations, with poor performance expected in 2024 due to a lack of compelling new releases [3][42] Business Introduction - The cinema business is the main source of revenue for the company, maintaining a market share of 17.5% in 2024, the highest in the country. The revenue from cinema operations has ranged between 5 to 9 billion [4] - The content production business has fluctuating revenue between 400 to 800 million, while the gaming distribution business generates 300 to 450 million with a gross margin of 50% to 60% [4] Growth Analysis - The new controlling shareholder, China Ruyi, is expected to help the company enter a new expansion phase after distancing itself from the negative impacts of the Wanda Group's real estate business [5][6] - The release of high-quality domestic films is expected to continue driving industry recovery, with AI technology potentially enhancing content production efficiency [5][6] Profit Forecast and Investment Suggestions - The company is expected to see steady growth in its cinema segment and profit potential in its content segment, maintaining the "Outperform the Market" rating. The target price is set between 15.2 to 15.9 yuan, indicating a growth potential of 30% to 40% [6]

万达电影股份有限公司 股票代码：002739 股票简称：万达电影 公告编号：2025-015 万达电影股份有限公司 关于持股 5%以上股东权益变动触及 1%的公告 股东莘县融智兴业管理咨询中心（有限合伙）保证向本公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 万达电影股份有限公司（以下简称"公司"）于 2025 年 2 月 17 日披露了《关 于持股 5%以上股东减持股份的预披露公告》（公告编号：2025-011），公司持股 5%以上股东莘县融智兴业管理咨询中心（有限合伙）（以下简称"莘县融智"） 计 划在公告披露之日起 15 个交易日后的 3 个月内通过集中竞价及大宗交易方式减 持公司股份累计不超过 63,353,361 股，即不超过公司总股本的 3.00%。 1 万达电影股份有限公司 | 是否为第一大股东或实际控制人 | | | 是□ | 否√ | | | --- | --- | --- | --- | --- | --- | | 2．本次权益变动情况 | | | | | | | 股份种类（A | 股、B 股等 ...

天眼查商业履历信息显示，万达电影股份有限公司，成立于2005年，位于北京市，是一家以从事广播、 电视、电影和录音制作业为主的企业。企业注册资本217936.881万人民币，实缴资本217936.881万人民 币。公司法定代表人为陈曦。 通过天眼查大数据分析，万达电影股份有限公司共对外投资了305家企业，参与招投标项目128次，知识 产权方面有商标信息247条，专利信息2条，此外企业还拥有行政许可11个。 来源：金融界 万达电影（002739）3月24日主力资金净流入 2245.44万元 资金流向方面，今日主力资金净流入2245.44万元，占比成交额5.74%。其中，超大单净流入1413.26万 元、占成交额3.61%，大单净流入832.18万元、占成交额2.13%，中单净流出流出661.37万元、占成交额 1.69%，小单净流出1584.07万元、占成交额4.05%。 万达电影最新一期业绩显示，截至2024三季报，公司营业总收入98.47亿元、同比减少13.23%，归属净 利润1.69亿元，同比减少84.87%，扣非净利润8249.84万元，同比减少92.53%，流动比率1.074、速动比 率0.866、资产 ...

本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 万达电影股份有限公司（以下简称"公司"）于 2025 年 2 月 17 日披露了《关 于持股 5%以上股东减持股份的预披露公告》（公告编号：2025-011），公司持股 5%以上股东莘县融智兴业管理咨询中心（有限合伙）（以下简称"莘县融智"）计 划在公告披露之日起 15 个交易日后的 3 个月内通过集中竞价及大宗交易方式减 持公司股份累计不超过 63,353,361 股，即不超过公司总股本的 3.00%。 公司近日收到莘县融智出具的《股份减持计划实施进展的告知函》，莘县融 智于 2025 年 3 月 12 日至 2025 年 3 月 18 日累计减持公司股份 18,185,700 股，占 公司总股本的 0.86%，其中通过集中竞价方式已减持完毕。本次减持后，莘县融 智持有公司股份 129,729,529 股，占公司总股本的 6.14%，莘县融智及其一致行 动人合计持有公司股份 144,787,376 股，占公司总股本的 6.86%。现将本次权益 变动情况公告如下： | 1．基本情况 | | | --- | --- | | 信息披露义务人 | ...

Investment Rating - The report maintains a positive outlook on overseas Chinese assets and the media sector, focusing on cyclical, undervalued, and fundamentally supported targets [1][2]. Core Insights - Recent policies aimed at boosting consumption have been frequent, with a focus on cyclical sectors and undervalued assets with strong fundamentals. The government has prioritized expanding domestic demand as a key task for the year [1][2][15]. - The report highlights the resilience of leading internet platforms and the potential for a revaluation of Chinese assets, despite possible short-term volatility following rapid price increases [2][6]. - The report suggests specific stocks to watch, including Tencent Holdings, Pinduoduo, and Wanda Film, among others, emphasizing the importance of fundamental support and low valuations [2][6]. Summary by Sections Recent Developments - The government has launched initiatives to stimulate consumption, including a special action plan to enhance consumer spending and financial support for families [15]. - The media sector has seen a 2.21% increase in the week of March 10-14, driven by cyclical segments such as cinema and advertising [2][6]. Industry Policies and News - The report notes significant policy updates aimed at enhancing consumer finance and overall market conditions, which are expected to positively impact the media sector [15]. - Recent financing events in the gaming sector indicate ongoing investment interest, with notable funding rounds for startups [17][18]. Weekly Data Tracking - The total box office revenue from March 8-14 was 510 million yuan, reflecting a 28.9% decrease from the previous week, attributed to seasonal market trends [19][20]. - The report tracks the performance of television dramas and variety shows, noting shifts in viewership and market share among leading platforms [26][29]. Company Valuation Updates - The report indicates that the A-share media sector has seen price increases across various segments, with Wanda Film showing the highest growth at 10.70% during the tracking period [33].

股票代码：002739 股票简称：万达电影 公告编号：2025-013 号 万达电影股份有限公司 关于持股 5%以上股东权益变动触及 1%的公告 股东莘县融智兴业管理咨询中心（有限合伙）保证向本公司提供的信息内 容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 万达电影股份有限公司（以下简称"公司"）于 2025 年 2 月 17 日披露了《关 于持股 5%以上股东减持股份的预披露公告》（公告编号：2025-011），公司持股 5%以上股东莘县融智兴业管理咨询中心（有限合伙）（以下简称"莘县融智"） 计 划在公告披露之日起 15 个交易日后的 3 个月内通过集中竞价及大宗交易方式减 持公司股份累计不超过 63,353,361 股，即不超过公司总股本的 3.00%。 万达电影股份有限公司 | 本次权益变动方式 | 通过证券交易所的集中交易 | √ | | --- | --- | --- | | | 通过证券交易所的大宗交易 | □ | | | 其他 | □ | | 本次增持股份的资金来源 | 不适用 | | 3．本次变动前后，投资者及其 ...