Business
Maoyan Entertainment Reports 2024 Annual Results, Declares Dividend
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 year ended December 31, 2024. The Board has proposed a final dividend of HKD 0.32 per share for 2024, underscoring the company's strong commitment to shareholder value and confidence in its future business growth and performance.
About this update from Maoyan Entertainment
[{"type":"text","content":"BEIJING, March 27, 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 year ended December 31, 2024. The Board has proposed a final dividend of HKD 0.32 per share for 2024, underscoring the company's strong commitment to shareholder value and confidence in its future business growth and performance.","length":501,"tagName":"p"},{"type":"text","content":"Full Year 2024 Financial Highlights","length":35,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue was RMB4,082.2 million, compared with RMB4,757.4 million in 2023.","length":98,"tagName":"p"}]},{"val":[{"type":"text","content":"Profit was RMB181.9 million, compared with RMB907.8 million in 2023.","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net profit[1] was RMB309.6 million, compared with RMB1,029.0 million in 2023.","length":91,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":272,"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":"According to the data released by the China Film Administration (國家電影局) for 2024, the total box office nationwide reached RMB42.502 billion, representing a decrease of 22.6% compared to 2023. The offline performance market maintained its growth trend, with commercial performance box office revenue nationwide reaching RMB57.954 billion for the full year, reflecting a year- on-year increase of 15.37%, according to the National Performance Market Development Briefing for 2024 (《2024全國演出市場簡報》) released by the China Association of Performing Arts (中國演出行業協會).","length":559,"tagName":"p"},{"type":"text","content":"During the Reporting Period, the number of released movies ...