Wanda Cinema will be renamed

(Source: Yan Finance)

Duty Editor | Baozhu

Vision | Promise

On March 27, Wanda Film (002739.SZ) released an announcement stating that it plans to change the company’s Chinese name from “Wanda Film Co., Ltd.” to “Yuyi Film Entertainment Co., Ltd.,” and change the stock abbreviation from “Wanda Film” to “Yuyi Film.”

Previously, Wanda Film’s controlling shareholder had already completed the name change. On March 19, Wanda Film issued an announcement saying that the company recently received notice from its controlling shareholder. After approval by the Beijing Chaoyang District Market Supervision Administration, its name was changed from “Beijing Wanda Investment Co., Ltd.” to “Beijing Yuyi Investment Co., Ltd.,” and the relevant industrial and commercial change registration procedures had been completed and a business license had been obtained.

It is reported that Wanda Film’s predecessor was Wanda Cinema Circuit, established in 2005, and it listed on the A-share market in 2015. In 2017, it was renamed Wanda Film.

In 2024, Wang Jianlin sold his controlling stake in Wanda Film for RMB 2.155 billion. On April 17, 2024, Wanda Film released the “Announcement on the Completion of Equity Transfer by Indirect Controlling Shareholder and the Change of Company Control.”

According to the announcement, on December 12, 2023, Beijing Wanda Culture Industry Group Co., Ltd., Beijing Hengrun Enterprise Management Development Co., Ltd., and Wang Jianlin, together with Shanghai Yuyi Investment, signed an equity transfer agreement. They planned to transfer the 20%, 29.8%, and 1.2% equity interests in the controlling shareholder of Wanda Film that they respectively held (totaling 51% equity held in Beijing Wanda Investment) to Yuyi Investment, with total transfer consideration of RMB 2.155 billion. After completion of this transaction, the company’s actual controller will be changed to Ke Liming.

On October 30 last year, Wanda Film issued an announcement stating that third-quarter revenue was RMB 3.098 billion, down 14.63% year over year; net profit was RMB 173 million, up 212.04% year over year. For the first three quarters, revenue was RMB 9.787 billion, down 0.61% year over year; net profit was RMB 708 million, up 319.92% year over year.

For the 2026 Chinese New Year holiday season, Wanda Film has 6 theaters in the national box-office TOP 10, 65 theaters in the TOP 100. It took 19 provincial box-office champions and 154 city box-office champions. The film “Fly Me to the Moon 3,” in which it participated in production and distribution, won the box-office champion for the Chinese New Year holiday season.

On January 27, Wanda Film announced that it expects 2025 net profit attributable to shareholders of listed companies to be RMB 480 million–550 million, compared with a loss of RMB 940 million in the same period last year.

On March 27, Wanda Film, on an interactive platform, answered an investor’s question and said that the company is committed to building a “super entertainment space.” Through collaborations with popular game and anime IP, it creates immersive offline experiences, encourages consumer groups to go to theaters, and meets consumers’ different needs.

As of the close that day, Wanda Film traded at RMB 9.5 per share, with the share price up 0.53%. Wind data shows that since the beginning of this year, the company’s share price has fallen by 16.08%.

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