新闻 > 经济
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China

横店影视IPO:爆米花等衍生品毛利率畸高 发力三四线城市

2017-08-18 11:04:30   中国经济网

融资渠道单一 偿债能力低于同行业可比公司

横店影视低于行业平均水平的,除了电影放映业务毛利率,还有其偿债能力。

2014-2016年,横店影视资产负债率分别为79.76%、62.72%和50.90%,虽然呈现逐年下降的趋势,但仍远高于同期同行业公司平均值。据了解,横店影视同行业公司资产负债率平均值为50.16%、46.74%和37.61%。

招股书显示,2014年末至2016年末,横店影视流动比率分别为0.81、0.83和0.78,同期万达电影、上海电影、时代院线等同行业可比公司流动比率平均数为1.18、1.47和1.95;速度比率为0.78、0.81和0.74,同行业可比公司平均数为1.11、1.40和1.84。

中国网财经记者注意到,相对同行业公司而言,横店影视的融资渠道较为单一,主要为自身内部积累及部分银行贷款。横店影视方面表示,公司资产负债率较高主要原因是出于快速扩张期,影院建设投资支出较大,通过各类渠道融资增加负债所在。因此,横店影视计划在发行上市后,利用资本市场融资功能,通过股权融资方式推动公司经营发展,提升盈利能力和偿债能力。

另外,从市场份额方面来看,横店影视也难以与万达电影、大地院线等抗衡。据统计,截至2016年底,公司旗下共拥有285家已开业影院,共计屏幕数1727块,其中资产联结影院220家,另有加盟影院65家。2014-2016年,横店影视票房收入在全国院线中分别位列第9位、第8位和第8位,当期市场份额分别为3.6%、4.50%和4.55%。对比同期万达电影14.28%、13.59%和13.45%的市场份额,仍存不小的差距。

目光锁定三四线城市 募资近24亿建设影院持续扩张

在一线、二线城市已被万达电影等知名院线占据市场份额的情况下,横店影视将目光移向了三四线和县级城市。据招股书显示,横店影视此次IPO计划募集资金28.63亿元,除5亿元用于补充流动资金外,其余23.63亿元将全部用于影院建设项目。按照具体计划,2016年至2019年内,横店影视将在全国200多个城市新建影院210家,项目建成后,将新增影院面积60.5万平方米,座位数190731个,荧幕数1331块。

据介绍,横店影视经营模式采用的是资产联结为主、签约加盟为辅的方式。在拟新建的这210家影院中,有9家位于直辖市,25家位于省会城市,131家位于地级城市,45家位于人口较为密集、经济较为发达的县级城市,所有影院物业通过租赁方式取得。

横店影视表示,目前一二线城市影院市场逐渐趋于饱和,而三四线城市观影人次保持快速增长,市场份额不断提升。此次影院建设项目将继续以资产联结型影院投资为主导,重点布局全国三四线城市的2800家具有县级市的市场空白点,通过利用募集资金新建210家影院,实现快速扩张,提升公司竞争力与盈利能力。

上一页2/2下一页
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China

相关阅读

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
分享到:
0 0
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China

美图推荐

404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China

为您推荐

加载更多>>
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China
404 Not Found

404 Not Found

Sorry for the inconvenience.
Please report this message and include the following information to us.
Thank you very much!

URL: http://3g.china.com:8080/act/news/11155042/20170818/31122640_2.html
Server: cms-8-251
Date: 2024/11/05 20:28:24

Powered by China
China