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Beijing Culture march into "film and television + cultural tourism"

2019/10/19 21:46:42
According to the introduction of Beijing culture, the company will build Miyun International Film Culture and tourism town in Miyun District, Beijing. Another member of cross-border film and television + cultural tourism film company. On the evening of October 14, Beijing Jingxi Cultural Tourism Co., Ltd. (hereinafter referred to as "Beijing Culture") announced that it planned to acquire 100% equity of Beijing Oriental landscape resort Co., Ltd. (hereinafter referred to as "Oriental landscape") with its own capital of 840 million yuan.
According to the introduction of Beijing culture, the company will build Miyun International Film Culture and tourism town in Miyun District, Beijing, mainly combining with Beijing culture and film IP, to build a culture and tourism town with film and television theme as the main business area + hotel as the core, and supporting facilities such as studio, Fengshen City, multi-functional cinema, parent-child theme park, star catering block, theme hotel, etc., to realize the business extension of the company. And industrial chain layout.
There is a big difference between the total transaction price and the assessed value, Beijing Culture said, on the one hand, because the target company is in line with the strategic development needs of the listed company, on the other hand, because the target company's asset location is extremely scarce.
In addition, Beijing culture further explained that the market method is the closest method to the real value of the target company, but since 2014, there have been no cases of tourism land transactions in similar areas, so the market method is obviously limited; at the same time, in recent years, the land appreciation in Beijing is large, and the benchmark land price in 2014 can not reflect the real value of dongfangshan company. The market value of the land does not fully reflect the scarcity of the land to be appraised. In the case of limitations of both evaluation methods, Beijing culture determines the transaction price of land on the basis of the benchmark land price method.
However, it is a question for Beijing culture to take out the 840 million land purchase cost. According to the financial report, as of the first half of this year, Beijing culture had 218 million monetary funds, 537 million receivables and 257 million other receivables.
Beijing culture has participated in the production of "war wolf 2", "I am not the God of medicine", "wandering the earth" and other popular projects. According to the performance forecast released by Beijing culture today, the company's performance in the first three quarters of this year increased significantly compared with the same period of last year, with the net profit attributable to the company's shareholders ranging from 100 million to 130 million, up 116.17% - 181.03% year-on-year.

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