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CHINA STAR ENT (00326.HK) expects an annual loss of between 0.315 billion to 0.385 billion Hong Kong dollars.
On March 24, Gelonghui reported that CHINA STAR ENT (00326.HK) announced that the group expects to record a consolidated loss for the year ending December 31, 2024, between HKD 315,000,000 and HKD 385,000,000, compared to a loss of HKD 289,508,000 in the previous year. The significant increase in loss is mainly due to: (i) losses recognized from fair value changes of financial assets accounted for at fair value through profit or loss, which increased dramatically from HKD 27,721,000 in the previous year to approximately HKD 79,000,000 for the year; (ii) administrative expenses.
Express News | China Star Entertainment Ltd - Expects Loss of HK$315M-HK$385M for 2024
CHINA STAR ENT (00326.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui, March 14丨CHINA STAR ENT (00326.HK) announced that the Board of Directors will hold a board meeting on Friday, March 28, 2025, for the purpose of considering and approving the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and the payment of the final dividend (if any).
CHINA STAR ENT: DATE OF BOARD MEETING
The total box office of "Nezha: The Devil's Child" has exceeded 6 billion! This has ignited demand for related products, and collaborations are in high demand.
① The derivatives and co-branded products related to "Nezha 2", ranging from everyday consumer items like "Millets" merchandise and Dairy Products to Consumer Electronics and even hardcore products like Autos, have become the "highlights beyond the scene" for the Spring Festival in the Year of the Snake. ② Many manufacturers in Yiwu have been working overnight to produce "Nezha 2 phone cases", "Magic Towel headbands", and "albums", which have all sold over 10,000 units on PDD Holdings.
Breaking through 41 billion! The annual box office is still racing. Next year's Spring Festival lineup is "a big hit" | Year-end summary.
① The 2024 film market has entered the final sprint phase, and as this year's last major release period, the box office for the New Year's season has surpassed 2.1 billion yuan. The total box office for China Film Co., Ltd. in 2024 has reached 41.696 billion yuan; ② With the recovery of production capacity and the scheduling of blockbusters, the industry generally has a good expectation for the 2025 Spring Festival release period, with several listed film companies presenting "big hits" to compete in next year's Spring Festival.
