Digging for shellfish nets August 30,Hengdian Film Recently, the 2020 semi-annual report was released. In the first half of 2020, the company achieved operating income of 98,121,682.35 yuan, a year-on-year decrease of 92.92%; net profit attributable to shareholders of listed companies was 306,463,266.30 yuan, which changed from profit to loss compared to the same period last year.

The company's total assets at the end of the reporting period were $3,042,995,213.67, down 11.81% from the end of the previous year; net assets attributable to shareholders of listed companies were $1,972,367,539.33, down 17.38% from the end of the previous year.

According to information, in the first half of 2020, in the face of the impact of the COVID-19 epidemic, all of the company's cinemas were suspended from January 24. The current epidemic has had a great adverse impact on the company's short-term operations, but the company's abundant cash flow will not affect the company's ability to continue to operate.

In the first half of 2020, the company achieved revenue of 98,121,682.35 yuan, a year-on-year decrease of 92.92%; mainly due to the impact of the epidemic and the decline in revenue from the closure of all of its cinemas.

According to Diaobei Network, Hengdian Film and Television's main business is theatrical distribution, movie screenings, and related derivative businesses. It uses a business model mainly linked to assets and subsidized franchises. The cinemas it belongs to are divided into two categories: asset-linked cinemas (direct-managed cinemas) and franchise cinemas.