The Zhitong Finance App learned that the TV broadcast (00511) rose by more than 10%. As of press release, it had risen 9.49% to HK$3.23, with a turnover of HK$2,840,500.
According to the news, a TV broadcast announcement was issued, and the company reiterated its expectations that the Group would achieve a 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.
According to the announcement, the company's biggest revenue and profit growth engine in mainland China this year was a co-production drama. The company completed the filming of four co-productions within the three-month period ending March 31, 2024. 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.