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UNIVERSE ENT (01046.HK) reported a mid-term loss of approximately 74.7 million Hong Kong dollars.
On February 28, Gelonghui announced that UNIVERSE ENT (01046.HK) reported revenues of approximately 249 million HKD for the six-month period ending December 31, 2024 (previous period: approximately 296.4 million HKD) and a loss of approximately 74.7 million HKD for this period (previous period: a profit of about 52,000 HKD). The group's loss during this period increased compared to the previous period, mainly due to an impairment loss of approximately 64.5 million HKD recognized for film copyrights and films in production (previous period: none). This impairment loss was recognized due to the film copyrights and films in production.
Express News | Universe Entertainment and Culture Group Company H1 Revenue HKD 249 Million
UNIVERSE ENT: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31ST DECEMBER 2024
UNIVERSE ENT (01046.HK) plans to hold a Board of Directors meeting on February 28 to approve the interim results.
Globe Dynasty announced on February 7 that UNIVERSE ENT (01046.HK) will hold a Board of Directors meeting on February 28, 2025 (Friday), which includes approving the publication of the interim results of the company and its subsidiaries for the six months ended December 31, 2024, and considering the proposal for an interim dividend distribution (if any).
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.
UNIVERSE ENT (01046.HK): Expected mid-term net loss of 67.6 million HKD - -77.6 million HKD.
On January 23, Gelonghui reported that UNIVERSE ENT (01046.HK) announced that, based on available information, the group expects to record a loss of approximately HKD 67.6 million to HKD 77.6 million for the six months ending December 31, 2024. The group recorded a profit of approximately HKD 52,000 in the previous period. Compared to the previous period, the increase in losses during this period is mainly due to an increase in film copyright impairment losses of approximately HKD 64.5 million, attributed to a decrease in revenue or expected revenue from film copyrights.