Hengdian Entertainment Co.,LTD Reports Earnings Results for the First Quarter Ended March 31, 2022
April 29, 2022 at 04:07 am EDT
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Hengdian Entertainment Co.,LTD reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 679.78 million compared to CNY 838.06 million a year ago. Revenue was CNY 679.78 million compared to CNY 838.06 million a year ago. Net income was CNY 75.49 million compared to CNY 171.16 million a year ago. Basic earnings per share from continuing operations was CNY 0.12 compared to CNY 0.27 a year ago. Diluted earnings per share from continuing operations was CNY 0.12 compared to CNY 0.27 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.