China Ruyi (00136) announced its annual results for the year ended December 31, 2023, with the company's revenue of 36.27...
According to Zhitong Finance App, China's Ruyi (00136) announced annual results for the year ended December 31, 2023. The company's revenue was 3.627 billion yuan, up 174.81% year on year; gross profit of 1,161 billion yuan, up 343.78% year on year; adjusted net profit of 967 million yuan, up 276.46% year on year; profit due to company equity holders was 690 million yuan, down 12.64% year on year; basic profit per share was 0.0655 yuan.
According to the announcement, the decline in profit attributable to company owners was mainly due to changes in fair value due to the Group's successful achievement of performance requirements for the exercise of warrants and fluctuations in the company's stock price.
The announcement said that although the epidemic has brought many challenges to the film and television industry, thanks to the company's positive countermeasures and the gradual recovery of the market environment, the film and television production business segment has achieved significant growth in revenue and profit. Among them, production revenue for movies and TV dramas during the reporting period was 2,219 billion yuan, showing a significant increase compared to last year. The number of films produced and distributed by Ruyi Pictures during the reporting period increased dramatically over the same period, achieving a total box office of 7.554 billion yuan. Its main control films, including “Exchanging Lives,” “Keep You Safe,” and “Enthusiastic,” have all received good reviews; co-productions such as “The King of the Sky,” “The Girl Who Disappeared,” and “Can't Stop the Annual Meeting” have also achieved quite good box office results. In addition, the TV series “Nine Bends of Love” and “My Fireworks” produced by the company also brought good reviews and ratings to the company.