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The National Film Administration has stated that it will moderately reduce the import quantity of USA films, causing related US stocks to plummet.
① The National Film Bureau responded today to the USA's increased tariffs on China, stating that it will moderately reduce the number of American films imported. ② According to reporters from Caixin, cinema sources have indicated that there has been no notification of Hollywood films such as 'Thunder Force' being withdrawn from release. ③ Over the past three years, domestic films have dominated the annual box office.
VALUES CULTURAL (01740.HK) revenue in 2024 is expected to decrease by approximately 93.4% year-on-year to 4.1 million yuan.
According to the announcement on March 28 by Gelonghui, VALUES CULTURAL (01740.HK) reported that for the year ending December 31, 2024, revenue decreased by approximately 93.4% to about RMB 4.1 million. The net loss narrowed by about 1.1% year-on-year to approximately RMB 98.3 million. The basic and diluted loss per share was about RMB 9.48 (2023: RMB 9.58). The Board of Directors does not recommend the payment of a final dividend for the year ending December 31, 2024.
Express News | Values Cultural Investment FY Revenue RMB 4.1 Million
VALUES CULTURAL: ANNOUNCEMENT OF ANNUAL RESULTSFOR THE YEAR ENDED 31 DECEMBER 2024
VALUES CULTURAL (01740.HK) plans to hold a Board of Directors meeting on March 28 to approve the annual performance.
Gelonghui reported on March 17 that VALUES CULTURAL (01740.HK) announced that there will be a Board of Directors meeting on March 28, 2025 (Friday) to consider and approve the annual performance of the company and its subsidiaries for the year ended December 31, 2024, and its release, as well as to consider the proposal for the final dividend distribution (if any).
VALUES CULTURAL: DATE OF BOARD MEETING
