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Wanda Group announces 2015 full year results

January 12, 2016 Business News No Comments Print Print Email Email

In the year of 2015, Wanda Group’s assets totaled RMB634 billion, up 20.9% from the end of 2014. The company’s revenue in 2015 came in at RMB290.16 billion, which was 109.3% of the planned target for the whole year and an increase of 19.1% year-on-year. The net profit (unaudited) is also expected to see a big rise.http://www.tourismlegal.com.au/

Of the Group’s performance in the first half of 2015:

Wanda Commercial Properties’ revenue in 2015 came in at RMB190.45 billion, which was 101.3% of the target for the whole year. It increased by 4.4% YoY. Commercial Properties’ revenue of 2015 included RMB164.08 billion in real estate contract revenue, which was 101.5% of the target for the whole year and a 2.5% increase YoY. Total rental income in 2015 was RMB14.4 billion, which was 101.1% of the target for the whole year, and it increased by 30.7% YoY. Rent collection rate in 2015 was 100%. Rent is expected to account for over 35% of Wanda Commercial Properties’ revenue. Hotels’ revenue hit RMB5.24 billion in 2015, which was 101% of the target for the whole year, and it increased by 22.5% YoY. Owner’s profits totaled RMB710 million, which was 119.7% of the target for the whole year and it increased by 22.4% YoY. Area of property under the possession of the Group increased by 4.755 million square meters to reach 26.321 million square meters in 2015. It increased by 22% YoY. 26 new Wanda Plazas and 10 new hotels with a total of 2,796 guest rooms came into operation in 2015.

Wanda Cultural Industry Group posted revenue of RMB51.28 billion in 2015, which was 114% of the target for the whole year, and it increased by 45.7% YoY. According to AMC’s Q3 income which was announced to be US$14 billion, its whole year revenue is estimated to be over US$19 billion, increasing by 9% YoY and outperforming the whole-year target. Wanda Cinema Line’s revenue was RMB8 billion, increasing by 49.9% YoY. Its box office totaled RMB6.3 billion, increasing by 49.6% YoY. Online revenue was RMB4 billion, up more than 240% YoY. Its Wan’s Club members totaled more than 50 million. Consumption by members accounted for more than 80% of its revenue. Cinema attendance stood at 151 million times, increasing 48.9% YoY. The total number of cinemas and screens is 292 and 2,557 respectively.

Wanda Financial Group’s revenue in 2015 was RMB20.89 billion, which was 697% of the whole year target.


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