Maogan Entertainment (01896) announced interim results with losses attributable to company owners of 27.592 million yuan year-on-year profit to loss

According to the Zhitong Finance App, Maoyan Entertainment (01896) announced the 2026 interim results, with revenue of about 1.79 billion yuan, a year-on-year decrease of 27.6%; gross profit of about 560 million yuan, a year-on-year decrease of 40.2%; adjusted net profit of 21.4 million yuan, a year-on-year decrease of 90.9%; the company owner should account for a loss of 27.592 million yuan, a year-on-year profit and loss.

According to the announcement, the decline in revenue was mainly due to a decrease in revenue from entertainment content services and online entertainment ticketing services in the first half of 2026.

Revenue from entertainment content services decreased from about 1,209 million yuan in the first half of 2025 to 888 million yuan in the first half of 2026. Mainly due to factors such as insufficient supply of leading films in the film market and fluctuations in demand for movie viewing in the first half of 2026, the box office performance of some participating films fell short of expectations during the reporting period.

Revenue from the online entertainment ticketing business decreased from 1.18 billion yuan in the first half of 2025 to 834 million yuan in the first half of 2026. According to Maogan Professional Edition data, the box office for movies in mainland China in the first half of 2026 was 17.356 billion yuan, down 40.6% year on year; the number of movie viewers was 421 million, down 34.3% year on year from the first half of 2025.