Hengdian Entertainment (603103)2025-01-17 11:05Financial Performance Expectations - The company expects a net profit attributable to shareholders for 2024 to be between -120 million and -90 million RMB, indicating a loss [3]. - The expected net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between -270 million and -200 million RMB [3]. - In the previous year, the total profit was 176.83 million RMB, with a net profit attributable to shareholders of 165.85 million RMB [5]. Market Trends - The Chinese film market's total box office for 2024 is projected to be 42.50 billion RMB, a decrease of 22.6% from 2023's 54.91 billion RMB [6]. - The number of cinema-goers in urban areas is expected to be 1.01 billion, down 22.3% year-on-year [6]. Company Operations - The company has released several films in 2024, including "Flying Life 2" and "Boonie Bears: Time Reversal," with more films set to release during the 2025 Spring Festival [6]. - The company is facing challenges due to rising fixed costs such as rent, energy consumption, and depreciation despite efforts to enhance operational management and cost control [6]. Audit and Financial Reporting - The financial data provided is preliminary and has not yet been audited by a registered accounting firm [4]. - The company has communicated with its annual audit firm regarding the performance forecast, indicating no significant uncertainties affecting the accuracy of the forecast [6]. - Investors are advised to be cautious as the final audited financial data will be disclosed in the 2024 annual report [7].