Happy Blue Ocean reveals that its cinemas grossed more than 800 million yuan in the 2017 semi-annual report.

On August 17, Happy Blue Ocean Film and Television Culture Group Co., Ltd. disclosed the semi-annual report of 2017. During the reporting period, the Company realized operating income of RMB728.4299 million, an increase of 6.98% over the same period last year; net profit attributable to shareholders of listed companies was RMB65.451 million, a decrease of 1.42% over the same period last year. At the end of the reporting period, the total assets of the Company amounted to RMB2, 359, 774, 300, and the net assets attributable to shareholders of the listed company amounted to RMB1, 879, 355, 900.

Original title: Happy Blue Sea: Net profit in the first half of the year dropped by 1.42%, the total box office of its cinemas was 822 million yuan

on August 17, Happy Blue Sea Film and Television Culture Group Co., Ltd. disclosed its semi-annual report for 2017. During the reporting period, the Company realized operating income of RMB728.4299 million, an increase of 6.98% over the same period last year; net profit attributable to shareholders of listed companies was RMB65.451 million, a decrease of 1.42% over the same period last year. At the end of the reporting period, the total assets of the Company amounted to RMB2, 359, 774, 300, and the net assets attributable to shareholders of the listed company amounted to RMB1, 879, 355, 900.

In terms of TV drama business, during the reporting period, Happiness Blue Sea TV drama business realized revenue of RMB76.1342 million, mainly from the sales of TV drama projects such as "Imminence","Good Day in Life","Last Visa","I Want to Go Home" and "Chinese Relationship", which brought profits to TV drama segment.

In terms of film business, during the Reporting Period, the Company's film business realized revenue of RMB652, 295, 700, which was mainly derived from the Company's cinema distribution and cinema screening revenue.

In terms of cinemas, in the first half of 2017, Happy Blue Ocean Cinema added 33 cinemas with 180 screens. Among them, from January to June 2017,32 cinemas with 171 screens were newly added. As of June 30,2017, there were 161 cinemas with 865 screens; From January to June 2017, 1 new investment and opening studio with 9 screens was newly added. As of June 30,2017, the company invested and opened 68 cinemas with 485 screens (including Shanghai Sanlin Cinema, which is not temporarily owned by Happy Blue Ocean Cinema).

During the reporting period, the total number of cinemas owned by Happy Blue Ocean Cinema reached 228 with 1,345 screens, and the box office achieved continuous growth. From January to June 2017, the total box office reached 822,174,200 yuan (from: National Film Ticketing Comprehensive Information Management System, excluding service fees), an increase of 8.54% compared with the same period last year. As of June 30, the company ranked among the top ten cinemas in China.

In terms of cinema operation, during the reporting period, Happiness Blue Ocean directly operated 66 cinemas (excluding shareholding cinemas: Xinjiekou Cinema and Beijing Mentougou Cinema) with 464 screens, including 15 IMAX cinemas and 7 MX4D cinemas, realizing box office of about 360.0651 million yuan and single-screen box office output of about 756,000 yuan, higher than the national average level.

In terms of cinema expansion, during the reporting period, the Company actively deployed the national market, accelerated the terminal layout of cinemas, and continued to promote the cinema projects with Jiangsu as the core and radiating key cities nationwide. Yantai Hengyue Happy Blue Ocean Cinema invested by the Company, Anhui Wuhu Golden Eagle Cinema (IMAX), Rugao Cinema and Shanghai Sanlin Cinema were completed and opened for business. Suzhou Sports Center (IMAX) Cinema and Suqian Central IMAX Cinema were under active construction.

At the same time, through strategic cooperation with China Resources, COFCO, Haier, Longhu and other world top 500, domestic top 500 real estate developers, commercial MALL, focusing on the layout of Beijing, Shanghai, Guangzhou and other first-tier cities and coastal provincial capital cities along the Yangtze River, deeply cultivating Jiangsu, radiating the whole country, the pattern of "thousand screens" has been successfully realized.

Editor: xiongwei