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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Wanda Film Holding Co., Ltd.    002739   CNE100001WW1

WANDA FILM HOLDING CO., LTD.

(002739)
  Report
End-of-day quote. End-of-day quote SHENZHEN STOCK EXCHANGE - 10/19
16.15 CNY   -1.34%
07/20Cinemas in China begin to reopen after six-month coronavirus closure
RE
07/14WANDA FILM : China's Wanda Film warn a loss
RE
07/14WANDA FILM : China's Wanda Film warn a loss
RE
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Cinemas in China begin to reopen after six-month coronavirus closure

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07/20/2020 | 06:13am EDT

SHANGHAI, July 20 (Reuters) - Some cinemas in Chinese cities from Shanghai to Chengdu reopened on Monday after a six-month closure, raising hope that the world's second largest movie market can start to recover from painful losses during the coronavirus pandemic.

Chinese authorities last week said they would allow movie theatres in low-risk areas to resume operations in a restricted fashion, a long-awaited piece of news for a leisure industry that has seen many other venues revive recently.

Since March, COVID-19 infections have declined sharply and most of the country is now categorised as low-risk. In the past few days, however, parts of Urumqi, the capital of China's far western region of Xinjiang, have been classified as medium to high risk due to a fresh outbreak.

"Last night I was so excited, so, so excited. I more or less didn't sleep at all," a Shanghai resident who gave her surname as Yao said as she queued on Monday to enter a cinema - with a face mask on - to watch the premiere of "A First Farewell", a film set in Xinjiang.

Still, many cities kept their cinemas shut on Monday as Beijing said they would leave the final decision on whether to open up to local authorities.

Theatres in the capital Beijing, which experienced a fresh outbreak last month, for example, have not reopened.

China's largest cinema owner Wanda Film, which manages over 600 theatres nationwide, told Reuters it opened 43 theatres on Monday, 10 of which were in Shanghai.

As of mid-afternoon local time on Monday, 3.03 million yuan ($433,662.52) worth of tickets had been sold on the day, according to Chinese ticket sales platform Maoyan Entertainment.

China's film box office revenue was 64 billion yuan in 2019. The National Film Administration forecast in April that the industry would lose more than 30 billion yuan in ticket revenue this year. ($1 = 6.9870 Chinese yuan renminbi) (Reporting by Aly Song and Brenda Goh in Shanghai, Sophie Yu in Beijing Editing by Mark Heinrich)


Stocks mentioned in the article
ChangeLast1st jan.
MAOYAN ENTERTAINMENT -2.75% 11.32 End-of-day quote.-21.06%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.01% 6.6761 Delayed Quote.-4.06%
WANDA FILM HOLDING CO., LTD. -1.34% 16.15 End-of-day quote.-11.02%
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All news about WANDA FILM HOLDING CO., LTD.
07/20Cinemas in China begin to reopen after six-month coronavirus closure
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07/14WANDA FILM : China's Wanda Film warn a loss
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07/14WANDA FILM : China's Wanda Film warn a loss
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More news
Financials
Sales 2020 7 513 M 1 125 M 1 125 M
Net income 2020 -1 241 M -186 M -186 M
Net Debt 2020 3 428 M 513 M 513 M
P/E ratio 2020 -27,8x
Yield 2020 0,35%
Capitalization 33 567 M 5 023 M 5 025 M
EV / Sales 2020 4,92x
EV / Sales 2021 2,08x
Nbr of Employees 14 260
Free-Float 33,4%
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Technical analysis trends WANDA FILM HOLDING CO., LTD.
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 20,23 CNY
Last Close Price 16,15 CNY
Spread / Highest target 49,7%
Spread / Average Target 25,2%
Spread / Lowest Target -0,93%
EPS Revisions
Managers
NameTitle
Xiao Bin Liu Chief Executive Officer & Director
Mao Jun Zeng President & Director
Lincoln Zhang Chairman
Chen Zhang Chairman-Supervisory Board
Shuo Huang Chief Financial Officer & Vice President
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