MAOYAN ENT (01896) announced its interim results, with a loss attributable to owners of the company amounting to 27.592 million yuan, a shift from profit to loss compared to the same period last year.

MAOYAN ENT (01896) announced its interim results for 2026, reporting revenue of approximately 1.79 billion yuan, a decrease of 27.6% year-on-year; gross profit of approximately 560 million yuan, a decrease of 40.2% year-on-year; and an adjusted net profit of 21.4 million yuan, a decrease of 90.9% year-on-year. The company reported a loss attributable to owners of 27.59 million yuan, reversing from a profit in the previous year. The announcement stated that the revenue decline was primarily due to a decrease in income from entertainment content services and online entertainment ticketing services in the first half of 2026. Revenue from entertainment content services fell from approximately 1.209 billion yuan in the first half of 2025 to 888 million yuan in the first half of 2026. This was mainly due to insufficient supply of major films in the market and fluctuations in viewing demand in the first half of 2026, resulting in underperformance of some films' box office during the reporting period. Revenue from online entertainment ticketing services decreased from 1.18 billion yuan in the first half of 2025 to 834 million yuan in the first half of 2026. According to data from Maoyan Professional Edition, the box office in mainland China for the first half of 2026 was 17.356 billion yuan, a year-on-year decrease of 40.6%; the number of moviegoers was 421 million, down 34.3% compared to the first half of 2025.