Wanda film’s loss increased by 343% in the first three quarters and is expected to fail to fulfill its annual performance commitment

On the evening of October 29, Wanda film released the third quarter report of 2020. The report shows that in the first three quarters, Wanda film achieved revenue of 3.214 billion yuan, a year-on-year decrease of 72.28%; the net loss attributable to shareholders of listed companies was 2.015 billion yuan, with a year-on-year increase of 342.96%. In the third quarter of 2020, the revenue of Wanda film was 1.241 billion yuan, with a year-on-year decrease of 69.20%; the net loss attributable to shareholders of listed companies was 449 million yuan, with a year-on-year increase of 247.01%. Wanda film said in the third quarter report that due to the impact of the new crown epidemic, the films mainly invested and controlled by Wanda film and television in the first three quarters of 2020 could not be released as scheduled, and the business performance was seriously affected. It is estimated that the performance commitment will not be fulfilled in 2020. < p > < p > according to the annual report, the revenue of Wanda film in 2019 was 15.435 billion yuan, and the net loss attributable to shareholders of the listed company was 4.729 billion yuan, and the net profit decreased by 324.87% year on year. Previously, Wanda investment, Shenxian Rongzhi and Ms. Lin Ning have promised that the net profits of Wanda film and television in 2018, 2019, 2020 and 2021 will not be less than 763 million yuan, 888 million yuan, 1069 million yuan and 1274 million yuan respectively. < p > < p > on October 23, when the film “jingangchuan” was released, Wanda said in response to investors’ questions that the company was one of the co producers of the film. As of October 29, the box office of “jingangchuan” has exceeded 500 million yuan. < p > < p > in addition, “Chinatown detective 3”, which is mainly controlled by Wanda film subsidiary Wanda film, was originally scheduled to be released in the Spring Festival in 2020, but failed to be released as scheduled due to the epidemic situation. A few days ago, the film announced on Weibo that it would be put on file on the first day of the lunar new year in 2021, that is, on February 12, 2021. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. Investors operate accordingly and bear their own risks. < p > < p > Chinanet is a national key news website under the leadership of the Information Office of the State Council and managed by China foreign language publishing and Distribution Bureau. Through 11 versions in 10 languages, the website releases information 24 hours a day, which is an important window for China to carry out international communication and information exchange.