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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cinema sources have indicated that there has been no notification of Hollywood films such as 'Thunder Force' being withdrawn from release.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.
Optimistic Investors Push Universe Entertainment and Culture Group Company Limited (HKG:1046) Shares Up 27% But Growth Is Lacking
UNIVERSE ENT: INTERIM REPORT 2024/2025
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
