证券代码：002739 证券简称：万达电影 万达电影股份有限公司投资者关系活动记录表 编号：2023-01 投资者关系活 动类别 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 （请文字说明其他活动内容） 参与单位名称 及人员姓名 通过线上参与公司"2022 年度网上业绩说明会"的投资者 时间 2023年5月17日 15:00-16:30 地点 万达电影总部会议室 价值在线（https://www.ir-online.cn/） 上市公司接待 人员姓名 万达电影董事长 张霖 万达电影执行总裁 陈洪涛 万达电影董事会秘书 王会武 万达电影财务负责人 黄朔 万达电影独立董事 祁怀锦 投资者关系活 动主要内容介 绍 万达电影于 2023 年 5 月 17 日（星期三）下午 15:00-16:30 在价值在线举 办了 2022 年度业绩说明会，本次业绩说明会采用网络远程的方式举行，相关 问题及回复情况如下： 1、公司 2023 年一季度业绩怎么解读？ 答：您好，2023 年第一季度，公司实现营业收入 37.58 亿元，同比增长 8.57%，实现归母净利润 3.16 ...

万达电影股份有限公司 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"）于 2023 年 4 月 28 日披露了《2022 年年度报告》及相关公告。为便于广大投资者更加深入全面地了解公司经营情况， 公司定于 2023 年 5 月 17 日（星期三）下午 15:00-16:30 在"价值在线" （www.ir-online.cn）举行 2022 年度网上业绩说明会，与投资者进行沟通和交流， 广泛听取投资者的意见和建议。现将相关情况公告如下： 一、会议召开时间和方式 1、会议召开时间：2023 年 5 月 17 日（星期三）15:00-16:30 2、会议召开方式：网络互动方式 3、会议召开平台：价值在线（www.ir-online.cn） 股票代码： 002739 股票简称：万达电影 公告编号：2023-024 号 万达电影股份有限公司 关于举行 2022 年度网上业绩说明会的公告 万达电影股份有限公司 2、为充分尊重投资者，提升交流的针对性，现就公司 2022 年度网上业绩说 明会提前向投资者公开征集问题，广泛听取投资者的 ...

Financial Performance - The company reported a significant decline in revenue for 2022, with total revenue decreasing by 30% compared to the previous year[1]. - Wanda Film's revenue for 2022 reached 10 billion RMB, reflecting a 15% increase compared to the previous year[8]. - The company's operating revenue for 2022 was ¥9,695,316,675.41, a decrease of 22.38% compared to ¥12,490,346,327.79 in 2021[16]. - The net profit attributable to shareholders for 2022 was -¥1,923,002,991.89, compared to a profit of ¥106,333,250.94 in 2021[16]. - The total box office revenue for 2022 was ¥30.067 billion, a decline of 36.4% compared to 2021[22]. - The company reported a significant loss in operating performance for the first half of 2022, influenced by objective factors, and highlighted the need to focus on cash flow stability and risk prevention in the second half of the year[142]. - In 2022, Wanda Film's net profit attributable to shareholders was -¥707.26 million, failing to meet performance commitments[172]. - Cumulative net profit from 2018 to 2022 was ¥807.59 million, while the cumulative performance commitment was ¥3.994 billion[173]. Market Trends and Outlook - Future outlook indicates a cautious recovery, with projected revenue growth of 15% in 2023 as the market stabilizes[1]. - The film industry is expected to recover in 2023, driven by stable content supply and increasing consumer demand for cinema attendance[27]. - The company reported a significant increase in box office revenue of 13.5% in Q1 2023 compared to the same period in 2022, indicating a recovery trend[21]. - The company aims to enhance its operational management through newly developed management tools, including a big client platform and a mobile big data management analysis platform, to provide real-time data services[34]. Strategic Initiatives - The company is focusing on expanding its digital streaming services, aiming to increase subscriber numbers by 40% over the next year[1]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[1]. - The company plans to open 50 new cinemas in 2023, aiming to enhance its market presence and customer reach[12]. - The company is focusing on developing original intellectual properties (IP) to enhance its content library and drive future growth[12]. - The company aims to improve its financial stability by managing costs effectively and seeking government subsidies and tax returns[33]. Operational Efficiency - Management highlighted the importance of cost control measures, with a target to reduce operational expenses by 10% in 2023[1]. - The average revenue per user (ARPU) increased by 10% to 150 RMB in 2022, indicating improved customer spending[8]. - The company implemented cost-cutting measures and adjusted its cinema development strategy to reduce operational risks and improve asset quality[31]. - The company has a strong chain management capability, allowing for consistent quality and brand image across its theaters[43]. Challenges and Risks - The company faced challenges with frequent cinema closures and insufficient film supply, impacting overall performance[21]. - The company acknowledges the risk of investment returns from films not meeting expectations due to changing audience preferences and increased competition during key release periods[92]. - The company faces risks related to insufficient supply of quality films, which could impact box office revenue due to a decrease in the number and quality of domestic films[90]. - Regulatory risks are present due to strict government oversight in the film industry, which could impact the company's operations if licenses are not obtained[96]. Corporate Governance - The company has established independent financial management, with no shared bank accounts with controlling shareholders, ensuring financial autonomy[115]. - The company has a comprehensive governance structure, with effective functioning of the board and its committees, providing professional opinions for decision-making[103]. - The company emphasizes social responsibility and employee rights, maintaining a balance of interests among stakeholders[108]. - The company has committed to maintaining the rights and interests of all shareholders, ensuring equal treatment and information disclosure[160]. Community and Environmental Responsibility - The company is committed to enhancing its environmental and social responsibility initiatives, with plans to invest 5 million yuan in community projects[1]. - The company has actively engaged in social responsibility initiatives, organizing 100 public screening events in 2022, despite operational challenges[157]. - All cinemas under the company were designed and operated according to national green building standards, promoting energy-saving practices[162]. - The company has implemented various measures to reduce carbon emissions, including low-carbon office renovations and promoting a paperless work environment[162].

Financial Performance - The company's operating revenue for Q1 2023 was ¥3,757,516,467.53, representing an increase of 8.57% compared to ¥3,461,020,211.59 in the same period last year[3]. - Net profit attributable to shareholders was ¥315,625,516.33, a significant increase of 601.57% from ¥44,988,747.91 in the previous year[3]. - Basic earnings per share rose to ¥0.1448, reflecting a 616.83% increase compared to ¥0.0202 in the same quarter last year[3]. - The company reported a significant increase in net profit of 579.65% to ¥317,300,195.75, driven by increased box office revenue and controlled costs[6]. - Total revenue for Q1 2023 reached CNY 4,167,023,765.67, an increase from CNY 3,987,175,416.41 in Q1 2022, representing a growth of approximately 4.5%[20]. - The company reported a net profit attributable to shareholders of CNY 247,876,342.10 for Q1 2023, compared to CNY 112,764,805.29 in Q1 2022, marking an increase of approximately 120%[18]. - Total comprehensive income for Q1 2023 was CNY 249,551,021.52, compared to CNY 114,201,779.73 in Q1 2022, representing an increase of about 118%[18]. Cash Flow - The net cash flow from operating activities reached ¥1,591,690,795.18, up 346.92% from ¥356,147,874.18 year-on-year[3]. - The net cash flow from investing activities was -¥159,464,161.11, a 47.82% improvement from -¥305,585,832.88 year-on-year, mainly due to reduced capital expenditures[7]. - The net cash flow from financing activities was -¥597,946,337.01, a decline of 261.86% compared to a positive cash flow of ¥369,429,503.96 in the previous year, primarily due to loan repayments[7]. - Cash inflow from sales of goods and services was CNY 4,066,178,139.71, up from CNY 3,890,059,661.07 in the prior year, indicating a growth of approximately 4.8%[19]. - The company experienced a net cash outflow from financing activities of CNY 597,946,337.01, contrasting with a net inflow of CNY 369,429,503.96 in the previous year[21]. - The company reported a decrease in cash outflows related to operating activities, totaling CNY 2,575,332,970.49 in Q1 2023, down from CNY 3,631,027,542.23 in the previous year[20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥26,464,193,179.82, a slight decrease of 0.91% from ¥26,706,825,269.07 at the end of the previous year[3]. - Total liabilities decreased to CNY 18,997,652,955.17 from CNY 19,489,836,065.94, a reduction of 2.5%[15]. - The company's equity attributable to shareholders increased by 3.49% to ¥7,345,278,126.24 from ¥7,097,401,784.14 at the end of the last year[3]. - The company's long-term borrowings slightly decreased to CNY 2,177,542,198.81 from CNY 2,220,690,336.88, a decline of 1.9%[15]. - The company's goodwill decreased to CNY 4,216,307,189.74 from CNY 4,284,020,153.26, a reduction of 1.6%[15]. Market Performance - In Q1 2023, the domestic box office reached RMB 21.6 billion, a year-on-year increase of 11.5%, recovering to 96% of the 2019 level[10]. - The number of moviegoers in Q1 2023 was 46.15 million, a year-on-year increase of 9.7%, recovering to 89% of the 2019 level[10]. - The company's market share in the domestic cinema sector was 16.3%, an increase of 0.5 percentage points compared to the same period last year[10]. - The total number of cinemas operated by the company as of March 31, 2023, was 839, with 7,073 screens[10]. - The film "The Wandering Earth 2" generated a box office of RMB 40.3 billion, while "Boonie Bears: Bear with Me" achieved RMB 14.9 billion[10]. Shareholder Information - As of March 31, 2023, the total number of common shareholders was 121,653, with the top ten shareholders holding 66.14% of the shares[8]. - Beijing Wanda Investment Co., Ltd. holds 38.99% of the shares, amounting to 849,811,931 shares, with 47,350,000 shares pledged[8]. - The controlling shareholder reduced its stake by 43,565,300 shares, representing 1.999% of the total share capital[12].

Group 1: Market Overview - The Chinese film market has maintained rapid growth, with a compound annual growth rate exceeding 30% in recent years [6] - In the first half of this year, box office revenue surpassed 20 billion, with audience attendance exceeding 550 million for the first time [6] - In 2014, 1,015 new cinemas and 5,397 new screens were added nationwide, with an average of 11.7 new screens per day, slightly down from previous years [6] Group 2: Company Performance - In the first half of 2015, Wanda Cinemas' revenue reached 3.48 billion, a year-on-year increase of 41% [7] - Box office revenue was 2.85 billion, up 43.3% year-on-year, with audience attendance at 64.77 million, a 37.5% increase [7] - The company continues to improve operational quality while expanding its scale [7] Group 3: Membership Strategy - As of June 2015, the total number of members exceeded 40 million, making it the largest cinema membership system globally [7] - The "Member+" movie lifestyle service platform includes an open e-commerce platform, online cinema, movie derivatives, and cross-industry collaborations [7] - The strategy involves expanding the member base through acquisitions, such as the acquisition of Shimao Cinemas, enhancing market share and operational synergy [7] Group 4: Global Expansion - The acquisition of Australia's Hoyts aims to expand global market share and enhance Wanda's international influence [8] - Hoyts provides valuable advertising resources and is part of Wanda's globalization strategy [8] - The company plans to enhance its member ecosystem through continuous member base growth and increased consumption frequency [8] Group 5: Operational Efficiency - Currently, 60% of Wanda's cinemas are located in Wanda Plaza, with an average single-screen output of 3.5 million [10] - The company has entered 101 cities and plans to expand into more emerging cities, prioritizing those ranked in the top 150 for box office revenue [10] - Wanda's operational efficiency relies on systematic and standardized management, ensuring consistent performance across all cinemas [11]

Group 1: Market Trends and Performance - The growth rate of China's film market has slowed down this year, with actual net growth around 35% after excluding ticket subsidies, which began to decrease on April 1, 2016 [3] - Despite a decline in average ticket prices, Wanda's audience numbers increased by 17.6% year-on-year from January to September 2016 [3] - The Chinese film market has significant room for growth, with a potential of nearly 100,000 screens based on urban population statistics [4] Group 2: Technological Advancements - Advances in film projection technology, such as Dolby Cinema, provide a superior viewing experience, with contrast ratios significantly higher than traditional screens [4] - The introduction of Dolby Cinema allows 70% of existing Wanda theaters to showcase new films, enhancing the overall viewing experience [4] Group 3: Business Strategy and Expansion - Wanda aims to achieve over 20% market share by 2020, with plans to open over 80 new theaters in 2016, including 50 in Wanda Plaza and 30 in non-Wanda locations [6] - The company is exploring franchise models, starting with CGV cinemas, to enhance collaboration and market presence [7] - The average cultivation period for new theaters is around 10 months, with investment recovery typically within 5 years [8] Group 4: Rental and Financial Stability - Wanda's cinema rental is based on a market-driven principle, calculated at 11% of net box office revenue, ensuring stable future operations [5] - The company has signed long-term leases (10-15 years) since 2005, which are now expiring, posing potential stability risks for many operators [6]

Group 1: Company Overview and Strategic Goals - Wanda Cinemas has become the largest film industry group globally, with a focus on integrating its operations through acquisitions since its IPO in 2015 [7] - The company aims to enhance its market share by developing a comprehensive film ecosystem, emphasizing user experience and data-driven strategies [8][10] - The strategic development plan includes increasing terminal share, full industry chain development, and creating a movie ecosystem service circle [8] Group 2: Market Trends and Challenges - The Chinese film market has maintained an annual growth rate of over 30%, but this year has seen a decline due to factors such as reduced ticket subsidies, film quality issues, and falling average ticket prices [7][8] - The company anticipates a stable growth trajectory in the film market, despite current challenges, as there remains a significant gap in screen numbers and viewing frequency compared to developed countries [8] Group 3: Financial Performance and Revenue Streams - Non-box office revenue has increased from 20% to over 30% this year, with expectations to exceed 50% in the future through innovative business models [12] - The company’s cinema acquisitions are evaluated based on their potential for profitability and enhancement of overall revenue [13][14] Group 4: Technological Integration and User Engagement - The company is leveraging big data and mobile technology to enhance user engagement and create personalized experiences for the growing demographic of younger viewers [8][10] - Wanda's online ticket sales have surged from 20% to 80%, prompting the introduction of new sales models to improve customer experience [13] Group 5: Future Developments and Innovations - The company plans to expand its screen count from 40,000 to potentially 80,000 or more in the coming years, maintaining a rapid growth pace to secure market share [14] - Wanda is developing a new version of its platform to provide more precise services based on user profiles, enhancing the overall user experience [12][15] Group 6: Product Diversification and Market Opportunities - The company is actively exploring the merchandise market, with significant sales from licensed products, indicating a growing trend in this area [15][16] - The integration of various business segments, including ticketing, merchandise, and media, is expected to create a comprehensive platform that enhances user engagement and revenue generation [9][10]