Hengdian Entertainment Co.,LTD Reports Earnings Results for the Nine Months Ended September 30, 2021
October 29, 2021 at 04:14 am EDT
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Hengdian Entertainment Co.,LTD reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 1,826.97 million compared to CNY 426.58 million a year ago. Revenue was CNY 1,826.97 million compared to CNY 426.58 million a year ago. Net income was CNY 64.94 million compared to net loss of CNY 453.56 million a year ago. Basic earnings per share from continuing operations was CNY 0.1 compared to basic loss per share from continuing operations of CNY 0.72 a year ago. Diluted earnings per share from continuing operations was CNY 0.1 compared to diluted loss per share from continuing operations of CNY 0.72 a year ago.
Hengdian Entertainment Co., Ltd. is a China-based company mainly engaged in cinema releasing, film screening and related derivative business. The Company mainly has four business segments. The Film Screening Business segment is mainly engaged in sales of film tickets and related business through its affiliated cinemas. The Sales Business segment is mainly engaged in research and development of cinema products and related business. The Advertising Business segment is mainly engaged in the provision of venue advertising and film patch advertising and other related services. The Cinema Distribution Business segment is mainly engaged in the provision of cinema services through its cinema chains. The Companyâs major releasing films include Top Funny Comedian, Rock Hero, Ten Thousand Years Later, Love Will Tear Us Apart and others.