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8368 — Creative China Holdings News Story

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Film producer Creative China Holdings' H1 revenue jumps on script sales

Film producer Creative China Holdings' H1 revenue jumps on script sales


Overview

  • Hong Kong serial program/film producer's interim revenue rose 61% yr/yr, driven by script sales

  • Gross profit for the period increased 195%, mainly from film production and rights investment

  • Company completed acquisition of IT services firm after period; results to be consolidated


Outlook

  • Company did not provide specific financial guidance for the current quarter or full year


Result Drivers

  • SCRIPT SALES - Revenue growth mainly driven by increased sales from script copyright and program business

  • FILM SEGMENT PROFIT - Gross profit increase mainly attributable to serial program/film production and film rights investment segment

  • COST REDUCTIONS - Lower selling, distribution and administrative expenses due to reduced staff and legal/professional costs


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

RMB 14.65 mln


Reuters Recommended Reads

  • Aug 25 - Hong Kong's TVB Ltd half-year revenue falls on weaker China operations

  • Aug 27 - Hong Kong's Vobile Group half-year profit nearly doubles on AI-driven services demand

  • Aug 27 - Hong Kong's Star Shine returns to H1 profit on strength in footwear, IP merchandise segments


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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