Lehua Entertainment (02306) announced interim results. Profit attributable to shareholders was 46.442 million yuan, a year-on-year decrease of 20.1%

According to the Zhitong Finance App, Lehua Entertainment (02306) announced results for the six months ended June 30, 2026, with revenue of 512 million yuan, up 23.6% year on year; profit attributable to company owners was 46.442 million yuan, down 20.1% year on year; basic profit per share was 0.06 yuan.

Revenue increased year-on-year during the period, mainly due to increased revenue from artist management and trendy entertainment operations. Revenue generated by the artist management business increased 9.9% year over year to RMB 392.3 million during the reporting period, mainly due to an increase in the number of commercial activities contracted by the company during the reporting period.

Revenue from the music IP production and operation business increased by about 24.1% year over year to RMB 45.5 million during the reporting period, mainly due to increased revenue from sales of physical albums.

The revenue generated by the IP operating business increased by about 38.0% year over year to RMB 28.4 million during the reporting period, mainly due to the increase in the number of concerts held by the Group during the reporting period.

Furthermore, during the reporting period, Chaowan's operating business generated revenue of RMB 45.6 million.