Hengdian Entertainment (SH:603103) Ge Long Hui A P P·2026-01-30 10:23Core Viewpoint - The company expects to achieve a net profit attributable to shareholders of between 130 million to 180 million yuan for the year 2025, with a net profit excluding non-recurring gains and losses projected to be between 62 million to 90 million yuan [1]. Group 1: Financial Performance - The main reason for the turnaround to profitability is attributed to the film screening and related derivative businesses, with the Chinese film market's total box office reaching 51.832 billion yuan, a year-on-year increase of 21.95%, and urban cinema attendance reaching 1.238 billion, up 22.57% year-on-year [2]. - The company's revenue from film screening and related derivative businesses saw a year-on-year increase due to industry recovery, popular films driving market growth, and the company's strengthened management and diversified operations [2]. - The company has implemented refined management and cost-reduction measures, leading to improved overall operational efficiency during the reporting period [2]. Group 2: Film Production and Investment - The company's wholly-owned subsidiary, Zhejiang Hengdian Film Co., Ltd., released several films including "Boonie Bears: Blast into the Future," "The Legend of the Condor Heroes: The Great Hero," and "The Volunteer Army: Blood and Peace" [2]. - The company continues to adopt a prudent and diversified sustainable investment approach, with films such as "Boonie Bears: Year of the Bear," "Racing Life 3," and "Dream of the Galaxy" scheduled for release during the 2026 Spring Festival [2]. - The company's wholly-owned subsidiary, Hengdian Film Production Co., Ltd., has established the "Big Horizontal Small Vertical" short drama brand to accelerate the development of short drama business [2].