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Transmit Entertainment Shrinks Half-Year Loss
TRANSMIT ENT (01326.HK): Mid-term Shareholder's attributable loss of about 9.2 million Hong Kong dollars.
On February 25, Glorious Holdings (01326.HK) announced that for the six months ended December 31, 2024, the group's continuing Business recorded revenue of approximately HKD 30.9 million, a decrease of about HKD 8.6 million or 21.8% compared to the same period last year. The group continues to focus on the development of its business in mainland China, which remains the group's main source of revenue. During the review period, the group recorded a loss attributable to owners of the company of approximately HKD 9.2 million, compared to a loss of about HKD 23.7 million in the same period last year. This was mainly because the company did not recognize any impairment losses on intangible Assets during the review period.
TRANSMIT ENT: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2024
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.
TRANSMIT ENT: DATE OF BOARD MEETING
TRANSMIT ENT (01326.HK): Wang Bo resigns as independent non-executive Director.
On January 22, Gelonghui reported that Wang Bo has resigned as an independent non-executive Director of TRANSMIT ENT (01326.HK) because he wishes to devote more time to his personal affairs. This will be effective from January 22, 2025, and he will no longer serve as a member of the company's audit committee, chairman of the nomination committee, and chairman of the remuneration committee.