In its 2018 annual report, Fantawild Culture & Technology Group Co. reveal its earnings have increased by 5.2% to 787 million yuan, with 85% of business coming from its theme parks.
Annual revenue from operation increased by 12.49% year-on-year to 4.345 billion yuan and the net income attributable to company shareholders increased by 5.12% year-on-year to 787 million yuan.
Fantawild’s financial report shows how the amusement park chain’s revenue is generated from three specific areas – culture and technology theme parks, cultural content products and services, and other businesses.
Its culture and technology theme parks, which generated 3.604 billion yuan, accounted for 82.95% of the total revenue, a significant increase from the previous year, which saw culture and technology theme parks business account for 76.85% of the revenue.
Cultural content products and services and other businesses accounted for 16.83% and 0.22% of the total revenue respectively.
The revenue from continuing operation of the culture and technology theme park side of the business reached 2.492 billion yuan, accounting for 57.35% of the total revenue.
The “creative design” business of the theme parks, which generated 1.073 billion yuan, is the second biggest contributor of revenue for Fantawild.
According to Fantawild, in 2018 its revenue from operation increased by 12.49% year-on-year due to the company launching a series of new projects and maintaining efficient operation its parks.
Revenue from Fantawild’s digital animation also achieved a significant increase from the previous year.