Business
Maoyan Entertainment Announces 2025 Interim Results
Maoyan Entertainment ("Maoyan" or the "Company", 1896.HK), a leading platform providing innovative Internet empowered entertainment services in China, today announced its audited consolidated results for the six months ended June 30, 2025.
About this update from Maoyan Entertainment
[{"type":"text","content":"BEIJING, Aug. 25, 2025 /PRNewswire/ -- Maoyan Entertainment ("Maoyan" or the "Company", 1896.HK), a leading platform providing innovative Internet empowered entertainment services in China, today announced its audited consolidated results for the six months ended June 30, 2025.","length":298,"tagName":"p"},{"type":"text","content":"First Half 2025 Financial Highlights","length":36,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was RMB2,472.2 million, representing a year-over-year increase of 13.9%, compared with RMB2,170.9 million in the first half year of 2024.","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit was RMB936.5 million, representing a year-over-year decrease of 19.0%, compared with RMB1,156.2 million in the first half year of 2024.","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Profit was RMB178.5 million, representing a year-over-year decrease of 37.3%, compared with RMB284.8 million in the first half year of 2024.","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net profit[1] was RMB235.0 million, representing a year-over-year decrease of 33.2%, compared with RMB351.8 million in the first half year of 2024.","length":156,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":619,"olType":false},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17em;PADDING-LEFT:0.17em;","val":[{"type":"text","content":"[1] We defined adjusted net profit as net profit for the year adjusted by adding back share-based compensation and amortization of intangible assets resulting from business combinations.","length":191,"tagName":"p","attribs":{}}]}]}],"length":191},{"type":"text","content":"BUSINESS REVIEW ","length":15,"tagName":"p"},{"type":"text","content":"In the first half of 2025, driven by top-tier films during the Spring Festival, the total box office nationwide was RMB29.231 billion, and the number of moviegoers was 641 million, up 22.91% and 16.89% year-on-year respectively (according to the data released by the China Film Administration (國家電影局)). However, the film market experienced a significant downturn from March to June 2025, with a relatively lower supply of top-tier films, and the total box offi...