China's Ruyi (00136) rose more than 4% after earnings. As of press release, it rose 3.95% to HK$1.84, with a turnover of HK$267.284 million.
The Zhitong Finance App learned that China's Ruyi (00136) had a profit increase of more than 4%. As of press release, it had risen 3.95% to HK$1.84, with a turnover of HK$267.284 million.
According to the news, China's Ruyi is making a profit. It is estimated that in 2023, the net profit after tax will be between 1.1 billion and 1.2 billion yuan in the film and TV drama production, online streaming, and game business, compared to 180 million yuan in the previous year. Revenue is expected to be between RMB 3.45 billion and RMB 4 billion, up 161.4%-203% year over year. Net profit of 650 million to 800 million yuan after tax may be recorded for the full year, similar to the previous year's 790 million yuan.
According to the announcement, the revenue recorded in the 2023 fiscal year and the increase in net profit after tax in film and TV drama production, online streaming media and game business was mainly due to: with the recovery after the pandemic, the films and TV series produced by the Group received a good market response, increasing revenue from the film and TV drama production business; and the rapid development of the game business, driving the continued growth of the business.