Ling Meng Film & Television (09857) rose more than 12% at the end of the session. As of press release, it rose 10.23% to HK$8.08, with a turnover of HK$13.257 million.
The Zhitong Finance App learned that Ning Meng Film and Television (09857) rose more than 12% at the end of the session. As of press release, it had risen 10.23% to HK$8.08, with a turnover of HK$13.257 million.
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.
According to GF Securities, the company is speeding up production of boutique skits. In January 2024, the copyrighted drama “You Too Are Today”, “Half Mature Men and Women”, “Midnight Night Returns”, and “Illustrated Guide to Crime Hunting 2” are currently being produced, and the film “Qiao Yeon's Heart” has gone viral. Furthermore, the company has established a short drama production system at home and abroad to create a second growth curve. According to reports, up to now, Ning Meng's short drama subsidiary has the ability to launch a total of 10 short dramas including “Beginning with Divorce” and “29.”