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2026-07-24 18:27:15 MAOYAN ENT (01896.HK) issued a profit warning, expecting revenue for the six months ended June 2026 to range between approximately RMB1.75 billion and RMB1.85 billion, representing a YoY decrease of approximately 25.2% to 29.2%. Net loss for the period is expected to range between approximately RMB5 million and RMB55 million, compared with net profit of RMB179 million recorded in the same period last year. Based on currently available information, the above loss was mainly attributable to a 40.6% YoY decline in China's total box office revenue during the period and a 34.3% YoY decline in movie attendance. In addition, affected by factors such as insufficient supply of blockbuster films in the movie market and fluctuations in moviegoing demand, the box office performance of certain films participated in by the Group during the reporting period fell short of expectations. As the offline performance market continues to gain momentum, the Group has also continued to increase investment in its performance business to further expand its advantages and enhance competitiveness. Based on the phased pressure facing China's film industry, certain business partners of the Group have come under operating pressure. Following a prudent principle, the Group made impairment provisions for other receivables due from relevant partners, with the impairment amount expected to be no more than RMB100 million. The company is also actively pursuing collection of the relevant other receivables and has taken necessary legal measures. (sl/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |