The Zhitong Finance App learned that Ning Meng Film and Television (09857) rose more than 32% in the morning. As of press release, it had risen 29.86% to HK$9.48, with a turnover of HK$81.036 million.
According to the news, Ning Meng Film and Television recently announced that it expects to make a net profit of about RMB 208 million to RMB 218 million for the year ended December 31, 2023, while a net loss of about RMB 732 million was achieved in the same period last year. Mainly due to the increase in the number of episodes broadcast of the Group's copyrighted dramas during the year, resulting in revenue growth, comprehensive budget management results, and effective cost control. At the same time, overseas business continued to grow rapidly, and the rapid expansion of the skit business also brought considerable revenue and profit contributions.