Summary by Moomoo AI
Ali Motion Pictures announced its annual results for the year ended March 31, 2024, with revenues of RMB50.36 billion, up 44% year-on-year. The profit attributable to the company's owners amounted to RMB2.91 million from a net loss of RMB2.91 million in the same period last year. Operating profit converted from a loss of RMB2.03 million in the same period last year to a profit of RMB3.10 billion. Adjusted EBITA reached RMB5.04 billion, up 61% year-on-year. During the reporting period, the entertainment consumer market recovered rapidly, and the film and performance industries flourished, with a 75% year-on-year increase in total film box office and an 80% increase in viewership. TOTAL BARLEY BUSINESS TRANSACTIONS GREW BY OVER 500% YEAR-ON-YEAR, TAKING THE ABSOLUTE MARKET LEAD IN THE...Show More