WANDA FILM(SZ:002739) Huan Qiu Wang·2025-08-05 06:11Core Viewpoint - Wanda Film's major shareholder, Hangzhou Zhenxi Investment Management Co., Ltd., reduced its stake in the company, raising concerns about changes in the company's equity structure while the company is experiencing significant growth in its financial performance [1][3][5]. Shareholder Actions - Hangzhou Zhenxi sold a total of 8.2935 million shares from July 30 to August 1, 2025, representing 0.3927% of the company's total share capital, reducing its holdings to 126.7 million shares, or 6% of the total [1][3]. - This reduction is part of a previously disclosed plan to sell up to 29.4112 million shares, or 1.3927% of the total share capital, within three months following the announcement [3]. - Another major shareholder, Xinxian Rongzhi Xingye Management Consulting Center, also announced a plan to reduce its stake by up to 2% of the total share capital due to funding needs [3]. Financial Performance - Wanda Film's half-year earnings forecast for 2025 indicates a projected net profit of 500 million to 560 million yuan, a substantial increase of 340.96% to 393.87% compared to 113 million yuan in the same period of 2024 [5]. - The net profit, excluding non-recurring gains and losses, is expected to be between 450 million and 510 million yuan, reflecting a year-on-year growth of 420.36% to 489.74% [5]. - In the first quarter of 2025, the company reported revenues of 4.709 billion yuan and a net profit of 830 million yuan, laying a solid foundation for annual performance growth [5]. Market Analysis - Market analysts view shareholder reductions as generally neutral events, emphasizing the need to consider the reasons for the reductions alongside the company's fundamentals and market conditions [5]. - As a leading player in the domestic cinema industry, Wanda Film's future operational capabilities and shareholder changes are expected to be focal points for investors [5].