Furui: Lower Cat's Eye Entertainment's target price to HK$7.4, industry box office expected to decline year-on-year

Sina Finance reported on March 30th that Fidelity released a research report stating that, considering the latest business trends, the target price of Maoyan Entertainment has been lowered from 9.6 Hong Kong dollars to 7.4 Hong Kong dollars, while maintaining a "buy" rating. The company's total revenue for the fiscal year 2025 is expected to increase by about 13.5% year-on-year to 4.6 billion yuan, in line with guidance. Breaking down the business segments, online entertainment ticketing revenue is expected to increase by 19.4% year-on-year to 2.3 billion yuan, entertainment content services revenue is expected to increase by 8.5% to around 2.1 billion yuan, and advertising services and other revenue is expected to increase by 4.9% to 210.7 million yuan. Operating profit reached 724.4 million yuan, while net profit attributable to shareholders reached 563.1 million yuan, in line with guidance.