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Gehua Cable Shares In China Film & TV

2011/1/4 10:24:00 65

Financial Subsidy For Gehua Cable China Film Co.Ltd

　　 Gehua cable (600037. SH) announced that China Film Group (hereinafter referred to as China Film Group ）The whole of planning list The latest progress has been pushed to the front desk.

On the evening of January 3, Gehua cable announced that it would invest 21.3079 million yuan of its own funds in China Film Co., Ltd. (hereinafter referred to as China Film Co., Ltd.), accounting for 1% of the registered capital of China Film Co., Ltd.

According to the announcement, China Film Group Co., Ltd. initiated the establishment of the overall restructuring and restructuring, with a registered capital of 1.4 billion yuan. The licensed business items are film production, TV drama production, reproduction of the unit's films, distribution of domestic films and their copies and films in accordance with regulations.

Gehua cable announced that the participation in China film will enable the upstream content industry chain of the company's digital TV to be connected, expand the company's profit model of digital TV, and actively respond to the challenge of "triple play".

China Film Group is a first-class large film group based on film and television industry and comprehensive development of various industries. Its business includes equipment leasing, production, printing, import and export, distribution, cinema and satellite TV, covering almost all film industry chains. According to the official website of China Film Group, at present, China Film Group has set up seven movie theater lines by way of equity participation, and more than 400 cinemas have been contracted to join, accounting for about half of the national market share. China Film Group is also the only company with the right to import and export films in China, and owns CCTV-6 film channel.

On the same day, Gehua cable also announced that the company has recently received 256 million yuan of subsidy fund for HD interactive set-top boxes allocated by Beijing district and county finance. As of December 31, 2010, Gehua cable has received a total of 802 million yuan of subsidy funds for HD interactive digital TV set-top boxes from the district and county governments of Beijing and the municipal finance of Beijing. After the two-level financial subsidies are recorded, they will be amortised according to the service life of HD interactive set-top boxes, and the total profit in 2010 is expected to increase by 73 million yuan.

According to the financial report, the company realized the main business income of 1.516 billion yuan in 2009 and the net profit of 330 million yuan in 2009; from January to September of 2010, the company realized the main business income of 1.346 billion yuan and the net profit of 312 million yuan.

On December 31, 2010, Gehua cable closed at 12.50 yuan, up 1.21%.