China Film (600977.SH) is forecasting losses. The net loss for half a year is expected to be 100 million yuan to 130 million yuan

According to the Zhitong Finance App, China Film (600977.SH) announced that the company expects a loss of 100 million yuan to 130 million yuan in net profit attributable to shareholders of listed companies for the first half year of 2026.

In the first quarter of 2026, gross profit declined due to the company's main movie box office falling short of expectations. Net profit attributable to shareholders of listed companies at the end of the first quarter was -113.992 million yuan. In the second quarter of 2026, the company's main business was stable, but since no films controlled by the company were released during the period, it was not possible to hedge against the performance gap. With the start of the summer program, the company participated in the production of “Can't Stop the Annual Meeting! 2” “Eight Immortals!” Domestic films such as “When the Stars Shine” and imported films such as “Spider-Man: A Brand New Day” and “The Odyssey”, which participated in the distribution, will soon be screened one after another, which is expected to have a positive impact on the company's operations.