国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Distributor China Film soars 44 percent in trading debut

By Zhao Yanrong | China Daily | Updated: 2016-08-10 07:30

China Film Co Ltd, China's largest movie distributor, saw a rise of 44 percent in its stock prices on its first trading day on Tuesday, after the company held the biggest initial public offering in China's entertainment industry.

The Shanghai-listed stock, with an offering price of 8.92 yuan ($1.34), opened at 10.7 yuan on Tuesday morning. It soon reached the daily limit and closed at 12.84 yuan, valuing the company at 24 billion yuan.

Established in 2010, China Film is the distribution unit of the State-owned China Film Group Corporation, and the latter attempted to go public in Hong Kong as early as 2004. However, the plan was suspended due to the change in China's policies at the time, which prohibited overseas capital from investing in the film industry in the mainland market.

In late July, China Film announced it would raise 4.2 billion yuan in an IPO in Shanghai to fund movie production and cinema investments.

The company accounts for 58 percent of movie distribution in the Chinese market, and its profits climbed 76 percent to 868 million yuan last year.

China's media and entertainment industry is estimated to be valued at $180 billion, and the box office receipts jumped 21 percent in the first six months of the year to 24.6 billion yuan, according to research firm EntGroup Inc.

China's film market is likely to overtake the United States as the largest movie market in the world by 2017.

Gao Jun, a well-known filmmaker in China, said the listing of China Film is meaningful for the Chinese film industry.

"Before China Film, only private film companies went public. After being listed, China Film, a key player in the industry, is required to publish various types of company information, which could be a breakthrough in the industry's standardization, and lead to more film companies going public in China," Gao said.

By the end of June, 17 film and entertainment companies had been listed in China's A-share market, and Wanda Cinema Line Corp took the leading position with a total value of 93.83 billion yuan.

zhaoyanrong@chinadaily.com.cn

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
子长县| 唐海县| 延长县| 成安县| 金秀| 高雄市| 剑河县| 临朐县| 西城区| 清镇市| 松江区| 盐津县| 广丰县| 宁强县| 政和县| 隆子县| 安义县| 巧家县| 常熟市| 新丰县| 游戏| 获嘉县| 长阳| 福州市| 小金县| 昌平区| 中牟县| 达孜县| 乐亭县| 定远县| 汶川县| 麻阳| 通化县| 广安市| 古浪县| 文安县| 潜山县| 卫辉市| 汉寿县| 望谟县| 聂拉木县|