Litian Pictures (09958) announced its 2023 annual results, achieving revenue of approximately RMB 113 million, an increase over the previous year...
According to the Zhitong Finance App, Litian Pictures (09958) announced its 2023 results, achieving revenue of approximately RMB 113 million, an increase of 390.7% over the previous year; losses attributable to shareholders amounted to RMB 155 million, a year-on-year decrease of 47.4%. A loss of RMB 0.52 per share.
The sharp increase in revenue was mainly due to an increase of approximately RMB 61.5 million in revenue from the distribution and licensing of home-made TV series, and an increase of approximately RMB 21.1 million in revenue from buying out TV series distribution and broadcasting rights licenses.