Gelonghui, April 1 | Poly Culture (03636.HK) announced that for the year ended December 31, 2019, the Group achieved revenue of 3.846 billion yuan (same unit), up 3.6% year on year; gross profit of 1.319 billion yuan, up 1.8% year on year; profit of 0.128 billion yuan, profit attributable to the company's equity shareholders was 49.719 million yuan; basic and diluted profit per share was 0.20 yuan, with a proposed final dividend of 0.071 yuan per share (tax included).

According to the announcement, the increase in revenue during the reporting period was mainly due to the expansion of the theater line. In 2019, Poly Culture was based on its main business, seeking innovation, and achieved encouraging progress in new businesses such as cultural tourism, and was once again successfully selected as one of the “Top 30 National Cultural Enterprises”

Art management and auction business:Poly Culture withstood market pressure, increased investment promotion efforts, adjusted the auction structure, united and collaborated, and achieved a total auction turnover of 8.6 billion yuan in 2019, continuing to lead the global Chinese art auction market.

Performance and theater management business:Poly Theatre managed 7 new theaters to take over in 2019, 6 of which completed their opening premieres. Currently, the Poly Theatre line business involves 60 cities in 21 provinces, autonomous regions, and municipalities directly under the Central Government. It operates and manages 68 first-class theaters in China, and performs 0.01 million shows throughout the year.

Cinema investment management business:Poly Pictures pays close attention to cost reduction and efficiency, comprehensively strengthens investment control, and effectively reduces operating risks. In 2019, 2 new directly-managed cinemas were opened, and the number of directly-managed cinemas under its operation reached 73; it achieved box office revenue of 0.82 billion yuan, an increase of 1.7% over the previous year.