Maoyan Entertainment’s net profit has increased by more than 7 times, and the movie box office has reached a new high.

[Maoyan Entertainment’s net profit increased by more than 7 times last year, and the stock price of Hong Kong stocks rose by more than 5%. Institutions are optimistic about the record box office this year]

Maoyan Entertainment’s share price is strong today. At the close, the increase reached 5.39% to HK$ 10.36, with a turnover of HK$ 42,886,900.

Maoyan Entertainment will release its annual results on March 21st. Yingxi announcement shows that the company expects its revenue in 2023 to be 4.7-4. 8 billion yuan, up by about 102.6% to 106.9% year-on-year; The net profit of returning to the mother was 880 to 930 million yuan, a year-on-year increase of 739.7% to 787.4%. CICC believes that the performance forecast exceeded expectations, mainly due to the strong performance of Chinese New Year movies, proper control of management expenses and adjustment of the forecast income tax rate.

According to the data of Lighthouse Professional Edition, as of March 10th, the box office in 2024 (including pre-sale) has exceeded 15 billion yuan. Guosen Securities (002736) predicts that the box office of China movie (600977) is expected to exceed the level of 64.2 billion yuan in 2019 and hit a new record high, driven by the supply cycle of domestic movies and Hollywood movies. The high operating leverage characteristics make the broadcast channel expect to usher in a better profit release period.