An announcement from Huanxi Media Group Ltd. ( (HK:1003) ) is now available.
Huanxi Media Group Ltd. has issued a profit warning for the year ended December 31, 2024, expecting a net loss of approximately HK$260 million compared to a net profit of HK$159 million in 2023. The loss is attributed to a decrease in overall box office receipts in China and delays in the debut of several major films, which are now expected to contribute to the company’s revenue in 2025.
More about Huanxi Media Group Ltd.
Huanxi Media Group Ltd. operates in the film industry, focusing on the production and distribution of films in China. The company is known for investing in blockbuster films and has a market focus on the Chinese cinema audience.
YTD Price Performance: 8.70%
Average Trading Volume: 562,679
Technical Sentiment Consensus Rating: Buy
Current Market Cap: HK$1.94B
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