bonzaspins| Wanda Film: Net profit attributable to the parent company in 2023 will lead a new chapter in industry recovery

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Wanda Movie: net profit of 2023Bonzaspins1.2 billion yuan leads the industry to recover in a new chapter, Securities TimesBonzaspinsOn the evening of April 29th, Wanda Film (002739Bonzaspins.SZ) Disclosure of annual reports. Benefiting from the improvement in the operating environment of the film industry in 2023, the company seized the opportunity of market recovery and continued to focus on the main business.

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Wanda Film: a net profit of 912 million yuan in 2023 leads the recovery of the industry. On the evening of April 29th, Wanda Film (002739.SZ) disclosed its annual report. Benefiting from the improvement in the operating environment of the film industry in 2023, the company seized the opportunity of market recovery and continued to focus on its main business. In 2023, its operating income reached 14.62 billion yuan, an increase of 50.8 percent over the same period last year, and the net profit belonging to shareholders of listed companies was 912 million yuan. To achieve a magnificent turnaround from losses to profits. By the end of the reporting period, the total assets of the company were 25.125 billion yuan, and the net assets belonging to the shareholders of the listed company were 8.03 billion yuan. In 2023, China's film market ushered in a full recovery, and its overall performance exceeded industry expectations. Both the supply side and the projection end improved significantly compared with the same period last year, with strong performance in many periods. The national film box office was 54.915 billion yuan, an increase of 83.4% over the same period last year, and the number of moviegoers was 1.299 billion. The year-on-year increase of 82.5%, single-screen output, attendance and other indicators have improved. With the recovery of the spring breeze in the industry, during the reporting period, the company's domestic directly operated cinemas grossed as much as 7.56 billion yuan (excluding service charges), reaching 96.4% of the 2019 level, exceeding the industry average by 12.5%. The number of moviegoers exceeded 186 million, exceeding the industry average by 17.5%. The market share increased to 16.7%, making it the leader for 15 years in a row. Through fine management and innovative model, non-ticketing business also ushered in the spring. The successful launch of the "original Xianyan" Xida series of drinks and the continuous strengthening of the acquisition and operation of IP by its subsidiary Mtime have led to a year-on-year increase of non-ticket revenue by more than 10% compared with the same period in 2019. Among them, the series of Loopy products have achieved a deep transformation among fans and brand consumers through Douyin marketing, and have been shortlisted for the 2024 Asian Licensing Industry Excellence Award. Focus on the company's film and television investment production and distribution business sector. in 2023, the subsidiary Wanda Film and Television grasped the opportunity of industry recovery. The "three brigades" controlled by the main investment this year was rated as the top ten Chinese films with the highest annual rating of Douban.Bonzaspins"the Space Exploration editorial Department" and "looking for her" won the Best Screenplay Award and the Art contribution Award in the main competition unit of the Golden Rooster Film Festival and the Shanghai Film Festival respectively. A number of films such as "wandering the Earth 2", "putting all your eggs in one basket", "enthusiastic", "ex 4" and other films that participated in the investment won a double harvest at the box office. In the game section, Wanda Film subsidiary Mutual Love Interactive successfully released four new games this year and won four version numbers at the same time, accumulating enough momentum for the follow-up development. Specifically, "Qin Mingyue: Canghai" has been successful and profitable in the first month since its launch in August; at the same time, through content iteration and marketing innovation, the company continues to empower classic games such as "Saint Seiya: legends of Justice" and "Crazy Tank". It further strengthens the competitive advantage and profitability in the game field. In December 2023, the company issued an equity transfer announcement and completed the change of control in April this year. The new chairman, Ms. Chen Zhixi, as a senior producer with rich industry resources and keen market insight, has invested in Thai.