Maoyan Entertainment (HKG:1896) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥4.08b (down 14% from FY 2023).
• Net income: CN¥181.9m (down 80% from FY 2023).
• Profit margin: 4.5% (down from 19% in FY 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: CN¥0.16 (down from CN¥0.80 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Maoyan Entertainment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 53%.

In the last 12 months, the only revenue segment was Business Services contributing CN¥4.08b. Notably, cost of sales worth CN¥2.46b amounted to 60% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥939.8m (65% of total expenses). Explore how 1896's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Entertainment industry in Hong Kong.

Performance of the Hong Kong Entertainment industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Maoyan Entertainment.

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