Maoyan Entertainment (01896) Fa Ying Guang expects the net loss attributable to shareholders to be between about 5 million yuan to 55 million yuan in year-on-year profit and loss

Zhitong Finance App News, Maoyan Entertainment (01896) announced that the Group's revenue for the first half of 2026 is estimated to be between RMB 1.75 billion and RMB 1.85 billion, a decrease of about 25.2% to 29.2% from the revenue of RMB 2,472 billion for the six months ended June 30, 2025 (first half of 2025); the Group expects the net loss attributable to the owners of the Company in the first half of 2026 will be between RMB 5 million and RMB 55 million, while the Company's owners should account for the profit margin of the people up to the first half of 2025 $1.79 billion.

According to current data obtained, the above losses were mainly due to the following factors: (1) In the first half of 2026, the total box office of Chinese films was RMB 17.354 billion, down 40.6% year on year from the first half of 2025; the number of movie viewers was 421 million, down 34.3% year on year from the first half of 2025 (according to Cat Eye Professional Edition data); and due to factors such as insufficient supply of leading movies in the movie market and fluctuations in demand for movie viewing, during the reporting period, the box office performance of some films participating in the Group fell short of expectations; (2) With the continued popularity of the offline performance market, the Group also fell short of expectations; (2) With the continued popularity of the offline performance market, the Group also fell short of expectations; (2) With the continued popularity of the offline performance market, the Group was also Continue to increase investment in the performance business to further expand its advantages and enhance competitiveness; (3) Based on the phased pressure faced by the Chinese film industry, the operating conditions of several of the Group's partners are under pressure. The Group has adopted prudential principles and made impairment provisions for other accounts receivable from relevant partners. The amount of impairment is expected to not exceed RMB 100 million. The company is also actively collecting other accounts receivable, and has taken necessary legal measures.