综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

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
馆陶县| 广宁县| 获嘉县| 西畴县| 瑞昌市| 宝丰县| 红安县| 龙游县| 金塔县| 乐平市| 于田县| 饶阳县| 盐亭县| 杭锦旗| 南汇区| 驻马店市| 肥乡县| 乌拉特后旗| 浮山县| 合阳县| 巴马| 阳原县| 正宁县| 武定县| 蕲春县| 通化县| 桐乡市| 乌拉特前旗| 永城市| 尼玛县| 台东市| 新蔡县| 乡城县| 威远县| 望谟县| 安康市| 昆明市| 宿松县| 宣化县| 光泽县| 开远市|