Suspension of six months after the film reorganization Wanda has made new progress January 8 afternoon, Wanda held a briefing on major asset restructuring investor briefing, the company president Zeng Maojun reply to investors questions, said the major asset restructuring The subject matter is Wanda Television, its subordinate TV series and game company subsidiary, which have nothing to do with the reorganization of the subject matter and positively respond to the rumor that Wanda is involved in reorganization.
Earlier, in an interview with the "Securities Daily" interview, said that in 2015 Wanda Cinema first acquisition of Wanda Television, 372 billion valuation compared to the valuation of the reorganization of the subject or down.
Peel off the legendary film industry once again reorganized
In July 2017, Wanda Motion announced the suspension of its trading to start the acquisition of Wanda.At that September, Wanda said that it will strive to disclose the restructuring report by January 3, 2018 due to the heavy workload of restructuring and the application for deferring resumption of trading.
However, as of January 8 investors briefing held, Wanda movie restructuring report has not been disclosed.However, according to "Securities Daily" reporter that the restructuring, Wanda Television's valuation or will be lowered.
Back in May 2016, Wanda Pictures (then known as the Wanda Cinema) had introduced a reorganization plan to be 37.2 billion acquisition of 100% stake in Wanda Television, and to raise funds not exceeding 8.0 billion.
According to the publicly disclosed information at the time, Wanda Pictures realized a revenue of 569 million yuan and a net profit of 130 million yuan before 2015. The total box office revenue was 6.15 billion yuan, accounting for about 23% of the domestic box office share, ranking among the domestic private films Production company first, of which, "find dragon tactics", "Charlotte troubles", "Pancake Man" and other movies are doing well.
However, the development of things is not going well, August 1, 2016, Wanda Movie announced the suspension of restructuring.
'Major changes in this major asset reorganization compared with 2016 did not include the legendary American film industry.' Zeng Maojun said that the subject of this major asset reorganization are mainly Wanda Television, its sub-telecine and game segment subsidiaries, and 2017 In the Wanda acquisition of a drama blockbuster new media Eslite.
On the resumption of trading, Zeng Maojun said that this major asset restructuring has not yet completed, the restructuring plan still needs further consultation and improvement, the company is expected to not be suspended within 6 months of the expiration of major assets announced a major asset restructuring plan and resumption of trading; To ensure the fair disclosure of information and earnestly safeguard the interests of investors, to avoid abnormal fluctuations in the company's stock price, the company special to the Shenzhen Stock Exchange to apply for the company stock since January 4, 2018 continue to be suspended.
Reorganization has nothing to do with music
In the past year, Wanda Group continued its operations, the most important of which was that in July 2017, Wanda Commercial transferred 77 hotels such as Beijing Wanda Ka Wah to R & F Properties at a price of 199.06 billion yuan. At the same time, 91% of shares transferred to Sunac, the price of 43.844 billion yuan, after delivery of the project, Sunac bear all existing loans of about 45.4 billion yuan.
On the other hand, the chairman of the board of directors of Sunac China has gradually taken the lead in viewing LeTV, which seems to be connected with LeTV through the bridge of Sunac.
Wanda Group Chairman Wang Jianlin said on many occasions that Wanda wants to 'go real estate', and in the process, the status of the cultural sector is gradually rising.At the same time, Sun Hongbin, chairman of Sunac China, once told the media that 'industries that have been optimistic about consumption escalation , Big culture, big health, big entertainment project.Will the next step and Wang Jianlin big health city cooperation project.Wang Jianlin to build 7 hospitals in a district, I believe we will be the largest cultural tourism industry property holders, Hundreds of billions of dollars in assets.
Sun Hongbin and Wang Jianlin frequent interactions, but also allow the outside world to guess, in Wanda movie reorganization process, the subject of assets or music as a seat.
The reply by Zeng Maojun formally denied this conjecture. 'The company intends to complete the film industry chain layout through this major asset reorganization, open up the field of television drama and games, and realize the interactive interaction of movies and movies and video games, and further enhance the profitability of listed companies Ceng Maojun said.
From the financial data, Wanda Cinema is still the leading position in the film industry, the first three quarters of 2017, the company achieved operating income of 101.85 billion yuan, an increase of 20.72%, the media industry average revenue growth rate of 12.26%; attributable to the market The net profit of the shareholders of the Company was RMB1,264 million, representing an increase of 10.29% over the same period of last year. The average net profit growth rate of the media industry was 24.05%.
In the first 11 months of 2017, Wanda reached a total of 7.736 billion yuan at the box office with a year-on-year increase of 14.4% and a cumulative number of 187 million viewers, up 11.85% on a year-to-year basis. As of the end of November 2017, the Company had opened 490 theaters and 4340 screen.