Maoyan Entertainment – ​​Earnings in H1 2024: Earnings per share: CN¥0.25 (compared to CN¥0.35 in H1 2023)

Maoyan Entertainment (HKG:1896) H1 2024 results

Key financial results

• Sales: CN¥2.17 billion (a decrease of 1.2% compared to H1 2023).
• Net profit: CN¥284.8 million (30% less than in H1 2023).
• Profit margin: 13% (compared to 19% in H1 2023). The margin decline was mainly due to higher expenses.
• Earnings per share: CN¥0.25 (compared to CN¥0.35 in H1 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Insights into Maoyan Entertainment’s earnings

An average sales growth of 7.2% per annum is expected for the next three years. In contrast, growth of 15% is forecast for the entertainment industry in Hong Kong.

Performance of Entertainment industry in Hong Kong.

The company's share price fell 15% compared to the previous week.

Balance sheet analysis

Just as investors need to consider earnings, it is also important to consider the strength of a company’s balance sheet. We have a graphical representation of Maoyan Entertainment's balance sheet and an in-depth analysis of the company's financial position.

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