Ling Meng Film & Television (09857) rose by more than 12%. As of press release, it rose 9.97% to HK$7.83, with a turnover of HK$9.854,600.
The Zhitong Finance App learned that Ning Meng Film and Television (09857) rose by more than 12%. As of press release, it had risen 9.97% to HK$7.83, with a turnover of HK$9.854,600.
According to the news, Ning Meng Film's 2023 financial report shows that the company's total annual revenue was 1.22 billion yuan, up 28.4% year on year; copyright drama revenue was 1.17 billion yuan, up 24.3% year on year; adjusted net profit was 227 million yuan, up 60.4% year on year, and gross margin remained high, rising to 39.4%. It is worth mentioning that in 2023, Ning Meng achieved revenue of 32.23 million yuan in skits, an increase of more than 12 times over the previous year.
Furthermore, according to information, the first costume short drama “Deep House Advanced Record”, produced by Ning Meng's skit subsidiary, was launched on Douyin and other platforms on April 3. It had nearly 50 million views in 24 hours and was recharged over 10 million within 24 hours, ranking first in the skit list on various platforms. Currently, the company has broadcast 8 short dramas on the Douyin platform, including the second season of the female-themed short drama “29,” “29,” Infinite Stream's “Save My Family”, and “Behind the Traffic”, with a total broadcast volume of over 2.4 billion people, and continuously occupied the top 1 on the Douyin skit list.