9月8日，大麦娱乐旗下"电影+演出"联合会员体系"淘麦VIP"宣布升级为"大麦VIP"。此次升级与今年5月大麦娱乐的品牌焕新一脉相承，是公司品牌和战略 升级在会员领域的重要体现。未来，大麦VIP将延续淘麦VIP"超值超惊喜"的品牌主张，以丰富的权益建设，持续为会员用户提供更具价格力和价值感的 现实娱乐体验。 为回馈会员热爱，升级当天，大麦VIP还推出了积分大促等会员福利。9月8日-9月30日，在使用积分兑换权益时，大麦VIP会员可享8折优惠，黑钻会员可 享5折优惠。此外，9月8日-9月21日，非会员用户仅需3.21元即可速通大麦VIP，畅享"超值超惊喜"体验。 据悉，除大麦VIP全新升级亮相外，同日，大麦娱乐也重磅官宣了品牌吉祥物大麦麦宝。 淘麦VIP于2021年7月正式上线，成立至今已积累了超2000万会员用户，其中高等级会员黑钻会员的规模突破400万。与此同时，由淘麦VIP推出的演出优 先购、电影票"买一赠一"、黑钻包厢、电子纪念票等权益也深受会员用户喜爱。 ...

淘麦VIP于2021年7月正式上线，成立至今已积累了超2000万会员用户，其中高等级会员黑钻会员的规模突破400万。与此同时，由淘麦VIP推出的演出优 先购、电影票"买一赠一"、黑钻包厢、电子纪念票等权益也深受会员用户喜爱。 9月8日，大麦娱乐旗下"电影+演出"联合会员体系"淘麦VIP"宣布升级为"大麦VIP"。此次升级与今年5月大麦娱乐的品牌焕新一脉相承，是公司品牌和战略 升级在会员领域的重要体现。未来，大麦VIP将延续淘麦VIP"超值超惊喜"的品牌主张，以丰富的权益建设，持续为会员用户提供更具价格力和价值感的 现实娱乐体验。 为回馈会员热爱，升级当天，大麦VIP还推出了积分大促等会员福利。9月8日-9月30日，在使用积分兑换权益时，大麦VIP会员可享8折优惠，黑钻会员可 享5折优惠。此外，9月8日-9月21日，非会员用户仅需3.21元即可速通大麦VIP，畅享"超值超惊喜"体验。 据悉，除大麦VIP全新升级亮相外，同日，大麦娱乐也重磅官宣了品牌吉祥物大麦麦宝。 ...

Group 1 - Alibaba's new mascot, "Damaimai Bao," has been officially introduced, representing the brand's various business units in a lively manner [1] - Damaimai Bao is designed to embody the core business scenes of Damai Entertainment, integrating artistic aesthetics with brand messaging [4] - The mascot's design features elements like a hairstyle resembling a grain of barley and a scarf that transforms into a ticket holder, enhancing user experience [4] Group 2 - Damai Entertainment is a technology-driven company with a diverse ecosystem, including movies, concerts, theater, IP commercialization, and ticketing platforms [4] - The mascot aims to resonate with young users' pursuit of trendy aesthetics and good fortune, enhancing the immersive experience in live entertainment [4] - Damaimai Bao's exaggerated expressions symbolize the company's vision of creating high-quality entertainment experiences that bring joy to everyone [4]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 大麥娛樂控股有限公司 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01060 | 說明 | - | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 29,875,864,325 | | 0 | | 29,875,864,325 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 29,875,864,325 | | 0 | | 29,875,864,325 | 第 2 頁 共 11 頁 v 1.1.1 I ...

Group 1 - The core initiative is the "Haina International Young Director Development Program," launched by Whale Entertainment Group, aimed at supporting young directors with local perspectives and international experience [3][4] - Whale Entertainment, in collaboration with Hong Kong Baptist University Film Academy, has established a five-year strategic partnership to continue the "Haina Plan" and provide scholarships to outstanding young filmmakers [3][4] - The "Haina Plan" is the first talent cultivation model in the film industry that offers full industry chain support, including funding, copyright IP, virtual shooting technology, industry data analysis, and film promotion [4] Group 2 - Fourteen students from various film-related majors at Hong Kong Baptist University received the "Haina Plan Scholarship," recognizing their academic excellence and original works [3] - Award-winning student Yang Yidan achieved recognition for her suspense script "Who Killed That High School Girl" in the prestigious "Xia Yan Cup" screenplay competition [3] - Whale Entertainment emphasizes the importance of nurturing film talents with local roots and international vision to maintain the unique competitiveness of Chinese cinema in the global market [4]

Core Insights - The 2025 Anaya Xiamin Music Festival took place from August 27 to 31, featuring not only music but also drama, exhibitions, and trendy art, reflecting a lifestyle and connecting young people's emotions [1] - The festival aims to create a utopian model for a vibrant and aesthetically pleasing entertainment experience, integrating music into everyday life [1] - The theme for this year's festival was "Life is an Adventure," with significant upgrades including an extended duration from 3 to 5 days and an increase in stages from 2 to 3, enhancing the immersive music vacation experience [1] Artist Lineup - Over 40 music acts performed, including international artists such as LANY, Battles, and The Raveonettes, marking their debut at mainland music festivals [2] Environmental Initiatives - The festival emphasized environmental concerns, achieving full-chain carbon neutrality through collaboration with Ant Forest, engaging over 1.24 million users [2] - A total of 200 waste sorting points were set up, resulting in the recycling of over 100,000 plastic bottles during the 5-day event, with approximately 150,000 participants responding to the environmental initiative [2]

Summary of the Conference Call for Dama Entertainment Company Overview - Dama Entertainment reported total revenue of approximately 6.7 billion RMB for the fiscal year 2024, with contributions from various segments: Film (50%), Performances (30%), and IP Derivatives (20%) [1][4] - The company anticipates total revenue to reach around 8 billion RMB in fiscal year 2026, with performance business growth of 20% and IP derivative business growth nearing 60% [1][5] Key Insights and Arguments Revenue Growth and Projections - The IP derivative business is experiencing rapid growth, with a significant increase in IP contract amounts in Q2 2025, and an expected annual revenue of 2.2 to 2.3 billion RMB, reflecting a year-on-year growth of nearly 60% [1][6] - The concert business is projected to generate revenue of 2.4 to 2.5 billion RMB, a 20% increase year-on-year, while content business revenue is expected to exceed 700 million RMB, growing over 40% [1][8] - Ticketing revenue is forecasted to grow by 15%, reaching 1.7 to 1.8 billion RMB, with the first half of the year typically accounting for a higher proportion of total revenue [1][8] Business Strategies - Dama Entertainment employs a three-step strategy for its IP ToC business: 1. Launching online flagship stores, exemplified by Chicawa, which achieved over 100 million RMB in sales within months [1][7] 2. Establishing offline pop-up stores, with the Shanghai pop-up achieving daily sales of several hundred thousand RMB [1][7] 3. Self-production of IP products through collaborations with internal brands and designers [1][7] Market Dynamics and Challenges - The stock price of Dama Entertainment saw a notable decline on August 30, 2025, primarily due to a report from Citigroup highlighting concerns over the growth limitations of large concert businesses and the impact of additional investments on profits [2] - The company is cautious regarding R&D and product investments, which has contributed to market uncertainties [2] International Expansion - Dama Entertainment has initiated a new overseas strategy, forming an international team to enhance overseas performance and product upgrades, including the development of localized apps and dynamic pricing systems for secondary ticket sales [1][10] Profitability and Cost Management - The expected profit from Dama's performance segment for 2025 is projected to be between 850 million and 900 million RMB, influenced by personnel adjustments and hiring [1][11] - The company is in a rapid expansion phase, with a focus on revenue growth despite potential short-term profit fluctuations due to capacity and cost constraints [1][12] Additional Important Insights - The company maintains a strong competitive position in the concert market, with unique advantages such as exclusive rights to certain events [1][16] - The valuation of Dama Entertainment is supported by its performance in the Hong Kong internet entertainment sector, transitioning from film opportunities to concert business, enhancing the maturity of its IP business [1][15] - The market's perception of Dama's trading logic and future valuation reflects optimism regarding its IP derivative and performance business growth [1][15] This summary encapsulates the key points from the conference call, highlighting Dama Entertainment's financial performance, strategic initiatives, market challenges, and future outlook.

Core Viewpoint - The Hong Kong film and entertainment stocks experienced a significant decline in the afternoon trading session on August 28, with notable drops in several companies [1] Group 1: Company Performance - Straw Bear Entertainment (02125.HK) saw a decline of over 9% [1] - Orange Sky Golden Harvest (01132.HK) fell by 5% [1] - Both Damai Entertainment (01060.HK) and Maoyan Entertainment (01896.HK) experienced a drop of 4% [1]

Group 1 - The core viewpoint of the articles highlights the company's strong growth in IP licensing and ticketing services, with a projected increase in EPS for fiscal years 2026-2028 [1] - The company achieved total revenue of 6.702 billion yuan in fiscal year 2025, representing a year-on-year growth of 33%, with adjusted EBITA of 809 million yuan, up 61%, and a net profit of 364 million yuan, increasing by 28% [1] - The IP derivative business is the largest revenue growth segment, with revenue of 1.433 billion yuan in fiscal year 2025, a 73% increase, and a significant growth in licensing income from the Aliyu platform [2] Group 2 - The company is a leader in the concert ticketing service sector, with the acquisition of Damai contributing to a revenue of 2.057 billion yuan in fiscal year 2025, a remarkable 236% increase [3] - Damai's performance includes delivering over 3,800 large-scale projects and expanding into tourism and overseas ticketing services, enhancing brand influence [3] - The company is actively developing its own TOC trendy toy brand "Jinli Naqi" and has signed over 10 original trendy toy IPs, while collaborating on more than 40 film projects [2]

Summary of the Conference Call for Damai Entertainment Industry and Company Overview - **Company**: Damai Entertainment - **Industry**: Ticketing and IP Licensing - **Recent Developments**: Integration of Taopiaopiao into Damai, expanding from music ticketing to film ticketing, capturing 20% of the film market share, positioning as a comprehensive ticketing platform for all entertainment and sports [2][4] Core Insights and Arguments - **Market Position**: Damai holds a 70% market share in the music performance sector and has integrated Taopiaopiao, which has a 20% share in the film market, enhancing its competitive edge [4] - **IP Licensing**: Aliyu, under Damai, focuses on IP agency rather than self-incubation, making it the largest professional IP agency in China and sixth globally, emphasizing its market rarity [2][5] - **Future Growth Drivers**: Expected growth in music ticket sales (projected at 10% YoY), expansion into local performances, cultural tourism events, and sports events, as well as upstream development to become organizers or investors for higher revenue sharing [2][6] Key Competitive Advantages - **Digital Systems and Partnerships**: Strong relationships with venues and organizers, providing comprehensive services (promotion, ticket verification, security) to solidify market position [2][11] - **Resource Advantages**: Damai has secured ticketing rights for major sports events and continues to compete effectively for top artist resources despite competition from rivals like Maoyan [10][12] Market Potential and Challenges - **Domestic Market Potential**: The domestic offline performance market has significant growth potential, with a need to expand the audience demographic beyond young people [13] - **International Expansion**: Damai is expanding into Hong Kong and Southeast Asia, facing challenges in business models and revenue sharing compared to domestic operations [13][14] IP Business Model and Performance - **Revenue Generation**: Aliyu generates revenue through GMV sharing and minimum guarantee models, providing marketing and IP management services, and maintaining long-term partnerships with major IPs like Sanrio [16][19] - **Performance Metrics**: Aliyu's revenue grew by 55% in FY2025, with Q1 FY2026 showing a 157% YoY increase, significantly exceeding market expectations [19][20] Strategic Focus and Future Outlook - **Future Development**: Damai will continue to expand internationally, leveraging higher service fees and flexible ticketing regulations for growth, while Aliyu will enhance its core business and expand IP reserves [18][21] - **Film and TV Strategy**: Damai is strategically reducing its involvement in film and TV but maintains investments in select projects, anticipating recovery in the film sector as regulations ease [23] Conclusion - **Core Business Strengths**: Both Damai's ticketing and Aliyu's IP licensing are rare market assets with strong growth potential, supported by strategic partnerships and a focus on expanding their service offerings [24]