You will be redirected back to your article in seconds

China’s Huayi Forecasts Profits of $136 Million

Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.)

In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the previous year.

The company said that the growth came from successful exploitation of its film and TV properties, artist management and online ticketing activities. Movie hits last year included “Mr Six,” and a stake in “Mojin: The Lost Tomb.”

Management expressed confidence in its ongoing businesses and said that two chairmen will buy RMB500 million ($76 million) of shares in the next 12 months. The company will pay a cash dividend of RMB1.5 ($0.228) per ordinary share.

 

More Biz

  • Jeremy PivenBUILD Speaker Series: Jeremy Piven,

    'Entourage' Extra Claims Jeremy Piven Assaulted Her in New Allegation

    Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.) In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the […]

  • This, photo shows the 21st Century

    Comcast, Disney Keep Focus on 21st Century Fox Assets Despite AT&T-Time Warner Battle

    Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.) In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the […]

  • Scorpion-cbs TV Show

    How Scooter Braun Turned Luck With First Series 'Scorpion' Into Prolific TV Business

    Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.) In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the […]

  • Peter Thiel

    Billionaire Peter Thiel Sells Majority of Facebook Stake, Pocketing $29 Million

    Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.) In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the […]

  • Justin Bieber Ariana Grande Kanye West

    From Ariana to Watt: Catching Up With Scooter Braun's 20 Clients as SB Projects Turns 10

    Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.) In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the […]

  • Scooter Braun Team

    Meet the Six Key Execs Who Help Scooter Braun Care for Roster of Clients

    Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.) In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the […]

  • New Media old media shakeup

    Murdoch Sale Talks Underscore Digital's Effect in Disrupting Hollywood

    Huayi Brothers Media says that its full year profits for 2015 will exceed $136 million (RMB897 million.) In a regulatory filing ahead of its audited accounts, the company, which is China’s leading film studio, said that net profits could rise as high as $164 million (RMB1.08 billion.) That would represent a 20% increase over the […]

More From Our Brands

Access exclusive content