Litian Pictures Reports Steep Losses in H1 2024
Litian Pictures (09958.HK) recorded a 86.9% decrease in mid-year earnings to 10.1 million yuan.
Litian Pictures (09958.HK) announced on August 26th that for the six months ended June 30, 2024, the company's income decreased by 86.9% to RMB 10.1 million from RMB 77.1 million in the same period of 2023. The gross profit for the six months ended June 30, 2024 decreased by 62.2% to RMB 3.7 million from RMB 9.8 million in the same period of 2023. The equity shareholder's loss for the six months ended June 30, 2024 increased by 53.3% to RMB 10.5 million from RMB 6.8 million in the same period of 2023.
Litian Pictures (09958) releases interim performance results, with a shareholder loss of 10.499 million yuan, a year-on-year increase of 53.29%.
Litian Pictures (09958) announced its six-month performance for the period ending June 30, 2024, during which the group achieved revenue...
LITIAN PICTURES: ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024
Ping An Securities: The supply side of the movie theater line sector is gradually recovering, and the gaming sector may usher in a new round of product cycle.
With the encouragement and support of national policies, the supply of game and IP reserve products is sufficient, and the gaming sector may usher in a new product cycle.
Litian Pictures Unveils New Board Structure
Litian Pictures Announces Board Reshuffle
Litian Pictures (09958.HK): Huna appointed as Executive Director
Litian Pictures (09958.HK) announced on August 13 that the following directors have resigned and been appointed, effective from August 13, 2024: (1) Fu Jieyun resigned as executive director and member of the company's nomination committee; (2) Liu Hanlin resigned as independent non-executive director, chairman of the audit committee, and member of the remuneration committee and nomination committee respectively; (3) Gan Weimin resigned as independent non-executive director, chairman of the remuneration committee, and member of the audit committee; and (4) Hu Na has been appointed as executive director and member of the nomination committee; and (5) Xie Guoxing has been appointed as an independent non-executive director, chairman of the audit committee, and member of the remuneration committee.
Litian Pictures Schedules Key Financial Meeting
Litian Pictures (09958.HK) will hold a board of directors meeting on August 26 to approve the interim performance.
Litian Pictures (09958.HK) announced that the Board of Directors will hold a meeting on August 26, 2024 to review and approve the interim performance of the company and its subsidiaries for the six months ended June 30, 2024, as well as the proposal for interim dividend (if any) distribution.
LITIAN PICTURES: DATE OF BOARD MEETING
Litian Pictures Unveils Board Structure
Litian Pictures Welcomes New Executive Directors
Litian Pictures (09958.HK) has appointed Huang Zhiqiang and Lin Mingwei as executive directors.
Litian Pictures (09958.HK) announced on July 19 that Huang Zhiqiang and Lin Mingwei have been appointed as executive directors, effective from July 19, 2024.
Insiders Who Sold CN¥6.1m Of Litian Pictures Holdings Made The Right Call
Hong Kong stock market fluctuations | Litian Pictures (09958) rose more than 60% in intraday trading, the long-video platform ecosystem is healthier, and the company focuses on TV drama distribution business.
Litian Pictures (09958) rose more than 60% during trading hours. As of press time, it increased by 38% to HKD 2.76 with a turnover of HKD 1.267 million.
Hong Kong stock concept tracking | Summer box office in 2024 broke 4.5 billion, marginal recovery of the film industry chain (attached conceptual stocks).
The movie 'Claw Machine' will officially be released on July 16th. The film began its preview on July 13th and earned box office revenue of 0.156 billion on its first day. As of 9am on the 16th, its preview and pre-sale total box office has exceeded 0.5 billion.
The market is heating up! "Claw Crane" has broken 0.5 billion in box office and is heating up the summer season. The audience heat is expected to continue during this period.
The movie "Claw Doll", starring Shen Teng and Ma Li, has already earned 0.5 billion box office before its release, leading to a decline in the overall summer film market. The film is produced by Wanda Film Holding, China Ruyi's Ruyi Film, China Film Co., Ltd., among others, and co-produced by Hengdian Film under Hengdian Entertainment, among others. Industry insiders believe that "Claw Doll" will be a strong competitor for this year's summer box office champion and is expected to ignite the summer film market this year.
Express News | GTJA: Various parties participating in the summer movie season are expected to benefit, pay attention to two main lines.
Express News | The investment opportunities in the gaming and film sectors are worth noting, according to Pacific Securities. Pacific Securities' research report pointed out that in recent times, several existing games have been updated and new games have been launched,
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