Share This

Public company info - SMI Holdings Group Ltd. , 00198.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

SMI Holdings Group Ltd., 00198.HK - Company Profile
Chairman Kenneth Jack SHANG
Share Issued (share) 2,710,000,000
Par Currency Hong Kong Dollar
Par Value 0.5
Industry Movies & Entertainment
Corporate Profile Business Summary: The principal activities of The Company are engaged in entertainment business relating to the operation of theaters, investments in film production and distribution, in-theater counter sales and online shopping and trading of securities. Performance for the year: The Group’s operating revenue for the Year reached approximately HK$1,671,895,000, representing a decrease of 55.87% as compared with approximately HK$3,788,764,000 for 2017. Gross loss was approximately HK$273,483,000 (2017: gross profit was approximately HK$978,118,000). Loss for the year approximately HK$5,082,189,000 (2017: approximately HK$266,520,000). Business Review: Movie Theatre Business As at 31 December 2018, the Group owned approximately 288 theatres and 1,792 screens in China. In 2018, core indicators of the Group’s theatres such as box office, cinema admission, and market sharing ranked among the top in the country. The main indicators such as single-screen output and occupancy rate continued to maintain the national leading level. With the promotion of industrial policies and the trend of increasingly mature audiences, the Chinese film market has returned to “content is king” rather than simply increasing the number of screens. Therefore, the Group will commit to developing outstanding original works with its subsidiary SMI Culture & Travel Group Holdings Limited (“SMI Culture”) (stock code: 2366). During the Year, the capital and financial structures of the Group were further optimized. Chengdu Runyun Culture Broadcasting Company Limited (“Chengdu Runyun”), a subsidiary of the Company, completed a capital increase of RMB45 million, effectively supplementing the Company’s funds. The proceeds from the capital increase will be used for the construction and acquisition of new movie theatres as well as for the repayment of certain interest-bearing debts of the Group. Prospects: As at 31 December 2019, China’s total movie box office receipts reached RMB64.266 billion, representing an increase of 5.4% as compared with the same period last year; the total box office receipts for domestic production amounted to RMB41.175 billion, representing an increase of 8.65% as compared with the same period last year, with a market share of 64.07%, among which the urban cinema admission reached RMB1.727 billion. There are 8 domestic films in the top 10 of China’s annual box office. Compared with previous years, domestic films dominated movie box office and embraced its growth. Among domestic films, “Wandering Earth” and “ Nezha: Birth of the Demon Child “ are examples, the former achieved a high box office of RMB4.65 billion, and the latter crowned the highest-grossing animated film in the single market of global film history in a short period of time. Audiences’ recognition indicates that domestic movies are of great potential, and Chinese audiences’ demand for movies has not been fully met. Data also show that watching movies has become a common and popular way of entertainment in China. As per capita income increases continuously, demand for culture and entertainment will continue to rise. In the next few years, it is not impossible that China will surpass the United States to become the world’s biggest movie market. And it is expected that the movie theatre business will continue to benefit. It is expected that the macroeconomic environment of the theatre business will temporarily face resistance. The economic growth slowed down resulting from the escalation of the trade war between China and the United States and the impact of the epidemic in early 2020, and the consolidation of the entire industry will continue for some time. The Group will closely monitor local and regional factors, and adjust its strategy and deploy its resources accordingly. Looking into 2020, SMI will continue its deployment of various business of the theatres and continue to upgrade the traditional movie theatres and endeavour to create the new movie theatre ecosystem of “New Marketing, New Retail, New Development”, so as to start a new era in movie theatre development with cooperating partners. Riding on the rapid growth of 5G mobile communications users in China, the Group intends to enter into the mobile telecommunications industry and attract more online customers. The relevant income generated from the communications business (data and voice) will further enlarge the revenue of the Company. Leveraging on the advantages of the Group’s existing theatre network resources and e-commerce platform in China, it can provide the Group’s members with film culture and more diversified consumption value-added services, expend the services globally to derive more cross-sales projects and fully implement the integrated marketing strategy of the Group.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.