Core Viewpoint - Poly Culture reported stable revenue growth for the fiscal year 2018, with total revenue reaching 3.71 billion RMB, a year-on-year increase of 6.7% [3][4]. Business Performance - The company achieved a net profit of 368 million RMB and a net profit attributable to shareholders of 242 million RMB, with total equity attributable to shareholders at 4.3 billion RMB [3]. - Gross profit increased by 5.4% to 1.295 billion RMB, while the gross margin slightly decreased to 34.9% [3]. - The main business segments include: 1) Art operation and auction; 2) Performance and theater management; 3) Cinema investment management [3][4]. - Art auction revenue slightly declined, while theater management and cinema investment saw significant increases of 21% and 12%, reaching 1.656 billion RMB and 860 million RMB respectively [4]. Business Layout - The art auction segment maintained a leading position in the global Chinese art auction market, achieving a total auction turnover of 8.3 billion RMB [6]. - The theater management segment expanded by taking over five theaters, with four successfully opening within the year, covering 56 cities across 19 provinces [6]. - In cinema investment, Poly Culture opened nine new cinemas, bringing the total to 71, generating box office revenue of 806 million RMB [6]. New Business Development - Poly Culture is pursuing four new business areas alongside its three main businesses, including art education, cultural finance, cultural asset operation, and cultural tourism [7][8]. - The art education segment has integrated with Poly Development and Poly Investment, establishing a new company and achieving 1,370 enrolled students across five campuses by the end of 2018 [7]. - In cultural finance, the company launched nine fund projects totaling 300 million RMB, supporting its auction business [7]. - Cultural tourism projects aim to enhance the cultural content of tourist attractions, leveraging the synergies of the main businesses [8]. International Expansion - Poly Culture participated in the London Design Biennale and established partnerships with various UK museums and art institutions [9]. - The company introduced 500 performance projects from countries along the Belt and Road Initiative and successfully managed significant cultural events [9]. - Poly Culture's North American division hosted six high-end exhibitions and 68 cultural exchange activities, enhancing its international presence [9]. Future Strategy - Management plans to maintain sustainable growth in its main businesses while accelerating the development of new business areas [11]. - The art operation and auction business will focus on market research and innovation to solidify its leading position [11]. - The company aims to strengthen its brand influence through original content and collaborations with various cultural institutions [13][14]. - Poly Culture will explore new project expansions in cultural finance and enhance its operational efficiency across all segments [12][14].
【业绩会直击】保利文化（3636.HK）:稳中有增，多元业务力求突破