Shares of Strawbear Entertainment (02125) rose more than 14% after the earnings announcement, and as of the time of publication, they are up 14.58%, trading at HKD 0.55 with a turnover of 0.1441 million Hong Kong dollars.
According to the Wisdom Finance app, shares of Strawbear Entertainment (02125) rose more than 14% after the earnings announcement, and as of the time of publication, they are up 14.58%, trading at HKD 0.55 with a turnover of 0.1441 million Hong Kong dollars.
On the news front, Strawbear Entertainment announced that the group expects to achieve a net comprehensive profit attributable to shareholders of approximately RMB 290 million to RMB 390 million for the six months ended June 30, 2024. This is an increase of about 2075.5% to 2825.7% from approximately RMB 1.3 million for the same period last year. The adjusted net profit for the six months ended June 30, 2024 is expected to be approximately RMB 36.7 million to RMB 46.7 million, compared to approximately RMB 13.9 million for the six months ended June 30, 2023, an increase of approximately 163.9% to 235.8%.
The announcement stated that the increase in net comprehensive profit and adjusted net profit attributable to shareholders is mainly due to a significant increase in the group's revenue in the first half of 2024. This is due to factors such as adjustments to the themes and types of programs already aired, an increase in investment scale, and a rise in the popularity of the programs, leading to a corresponding increase in revenue for individual programs broadcast by the group.