Hengdian Entertainment Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
March 12, 2020 at 06:39 am EDT
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Hengdian Entertainment Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 2,813.589 million compared to CNY 2,724.487 million a year ago. Operating income was CNY 367.526 million compared to CNY 386.762 million a year ago. Net income was CNY 309.511 million compared to CNY 320.686 million a year ago. Basic earnings per share from continuing operations was CNY 0.49 compared to CNY 0.51 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.
HENGDIAN ENTERTAINMENT CO.,LTD 
