TV broadcast (00511) issued an announcement, and the company reiterated its expectations that the Group would achieve significant positive EBITDA for the full year of 2024. Furthermore, based on the current business momentum, without considering special one-time projects (if any), the company also expects to achieve positive net profit (profit attributable to the company's shareholders) for the six-month period ending December 31, 2024.
In the first quarter of 2024, the company completed the filming of four co-productions: Forensic Pioneer VI, Anti-Black Heroes, Black Moonlight, and The Cliff of Female Heroes. For the rest of 2024, the company plans to begin filming another ten series and deliver them to the company's partners Youku and Tencent Video in 2025, which will enable the company to further grow its co-production revenue over the next two years.