万达电影(002739) - 2025 Q2 - 季度业绩预告

Current Period Performance Forecast Wanda Film projects significant H1 2025 performance growth, returning to profitability with net profit attributable to shareholders between 500 million and 560 million yuan Key Performance Indicators for H1 2025 Performance Forecast | Item | Current Period (Estimated) (Million Yuan) | Prior Year Same Period (Million Yuan) | Year-on-Year Growth (%) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Profit: 500 – 560 | Profit: 113.39 | 340.96 – 393.87 | | Net Profit Excluding Non-Recurring Items | Profit: 450 – 510 | Profit: 86.48 | 420.36 – 489.74 | | Basic Earnings Per Share (Yuan/Share) | Profit: 0.2362 – 0.2646 | Profit: 0.0520 | - | Communication with Accounting Firm The company has pre-communicated its performance forecast with the accounting firm, finding no disagreements, though data is unaudited - The performance forecast data represents preliminary calculations by the company's finance department, unaudited, but significant matters have been pre-communicated with the accounting firm without disagreement[3] Reasons for Performance Change and Business Outlook Performance growth is driven by strong Spring Festival box office and diversified business improvements, with the "1+2+5" strategy aiming to reduce box office reliance and foster new growth Market and Operational Performance Review H1 2025 film market saw a strong Spring Festival followed by a weak Q2; company's domestic cinemas achieved 14.4% market share, and Australian cinemas turned profitable - The national film market showed divergence in H1: Q1 box office and attendance grew over 22% year-on-year driven by the Spring Festival, but Q2 box office declined by 34.74% year-on-year, indicating a significant market slowdown[4][5] - The company's operational performance outperformed the overall market: domestic direct-operated cinemas achieved a cumulative market share of 14.4%, merchandise gross profit margin increased by 10 percentage points year-on-year, and expenses decreased year-on-year. Australian cinemas returned to profitability[5] Strategic Upgrade and Business Layout ('1+2+5' Strategy) To reduce box office reliance, the company adopted a "1+2+5" strategy, focusing on "super entertainment spaces" to integrate five business segments across domestic and international markets - The company launched the '1+2+5' strategy to transform cinemas into comprehensive entertainment spaces, linking five business segments across domestic and international markets to create a second growth curve[6] - Cinema segment: Enhancing per-square-meter efficiency and non-ticket revenue through equipment upgrades and 'cinema+' models (e.g., IP collaborations, esports live broadcasts). As of the reporting period, the company operates 767 cinemas and 6,657 screens domestically and internationally[7] - Film and TV series segment: Adhering to a 'content + talent' dual-core drive, with a substantial reserve of films like The Wandering Earth 3 and Cold War 1994, and series such as Confession in the Dark and Folded City[7][8] - Strategic Investment and New Consumption: Expanding new consumption markets around cinema scenarios and increasing non-ticket revenue through collaborations with brands like Haoyunye and 52TOYS, and launching self-developed beverage brands[9] - Trendy Play and Gaming segment: Trendy play business incubates new brands and original IPs, while the gaming business adopts 'film-game linkage' and 'cultural export' strategies, with multiple IP games like Transformers: New Era to be launched sequentially[10] H2 Outlook The company is optimistic about the H2 2025 film market, anticipating a rich summer lineup and national consumption activities to boost viewership and market vitality - Ample content reserves for H2, including popular domestic and international films like Malice, Jurassic World: Reborn, and Superman, are expected to drive a recovery in the overall film market[11] - The 'China Film Consumption Year' initiative will introduce consumer-benefiting measures during the summer, expected to further boost market vitality[11] Other Relevant Information This performance forecast is a preliminary estimate; final data will be in the official H1 2025 report, and investors are advised of risks - This performance forecast is a preliminary estimate, with final data subject to the 2025 semi-annual report[12]