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否認破產!AMC 2日跌超27%,母公司萬達電影自身難保,前三季鉅虧20億
格隆匯 10-15 10:56

昨日晚間,萬達電影公佈了今年前三季度的業績預告。 

受疫情影響,上半年電影業近半年的停擺使院線業務受到重挫。萬達預計今年前三季度的歸母淨虧損將在19.5億-20.5億元之間,而去年同期錄得歸母淨利潤8.29億元。 

其中,今年二季度產生的淨虧損就有9.7億元,而三季度由於電影院的重新開放,以及國慶觀影需求活躍的提振,預計虧損間收窄50%以上,至3.8億元-4.8億元。 

今年6月30日至7月14日,或受屢次傳出的“復工謠言”影響,萬達電影在11個交易日內連續拉昇,漲近40%。但在7月16日,電影院復工時間表終於確定後,卻經歷了跌停與持續下行。 

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由於上座率受限、禁售食品、新片稀缺等疫情“餘震”影響,電影院復工後未見票房和觀影需求的大幅回升。7月20日至今,萬達電影累計跌逾8%。 

目前,萬達電影旗下600餘家境內影院已全面復工,由於疫情導致電影院行業馬太效應加劇,公司整體市佔率較去年有較大提升。同時,萬達主投主控的影視項目的拍攝、製作進度也已恢復。因此,萬達電影預計第四季度公司各項經營業務將恢復正常水平。 

但在國際方面,萬達100%控股的美國最大院線AMC受疫情影響,今年以來觀影人數下降了85%。同時由於可上映影片從卻,即便防疫等級降低,在短時間內也還不具備開放的條件。 

目前AMC正遭遇嚴峻的現金流危機。根據AMC週二向美國證監會提交的文件,公司現金流僅能支撐到今年年底或明年年初,而公司正在考慮通過資產出售、租約重置、股權融資等方法提高流動性。對此,華爾街普遍猜測AMC申請破產已成定局。 

週二晚間,美股AMC跳空低開,而後尾盤跳水,收跌13.24%。週三晚間再度大幅低開,盤中一度跌近24%,後跌幅縮窄,收跌16.38%。過去兩天AMC累計跌幅超過27%。 

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但是AMC首席執行官昨日發聲,嚴正否認公司考慮申請破產保護,並稱公司將大部分或全部通過股權融資的方式緩解現金流危機。 

2012年,萬達集團以26億美元收購了AMC 100%的股權,並在2013年推動了AMC在美國上市。後經過幾次減持,截至2020年6月30日,萬達持有的AMC股權降至49.63%,但萬達仍擁有74.72%的投票權並掌握着對AMC的控制權和決策權。 

此前的7月3日,曾有投資者詢問萬達電影與AMC的關係,萬達稱AMC為萬達集團子公司,不屬於上市公司體系,不在公司合併報表範圍內。 

AMC外,萬達旗下的澳洲院線今年營收也將大幅下滑。 

由於海外疫情日趨嚴峻,雖仍有上座率限制,但中國院線已然成為2020年全球電影市場的絕對支柱。截至10月15日,今年的中國電影累計票房達到了129.5億元(約合19.3億美元),超越北美,史上首次成為全球最大票倉。

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