Core Viewpoint - Lehua Entertainment (02306.HK) expects to achieve a net profit attributable to shareholders ranging from approximately RMB 50 million to RMB 70 million for the six months ending June 30, 2025, representing an increase of approximately 62.3% to 127.3% compared to approximately RMB 30.8 million for the six months ending June 30, 2024 [1] Financial Performance - The projected net profit for the upcoming period is between RMB 50 million and RMB 70 million [1] - This represents a significant increase of approximately 62.3% to 127.3% compared to the previous year's net profit of approximately RMB 30.8 million [1]

Core Viewpoint - Lehua Entertainment (02306.HK) expects a significant increase in net profit attributable to shareholders for the six months ending June 30, 2025, projecting between approximately RMB 50 million to RMB 70 million, which represents an increase of about 62.3% to 127.3% compared to approximately RMB 30.8 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories - **Financial Performance** - The projected net profit attributable to shareholders for the upcoming period is expected to be between RMB 50 million and RMB 70 million [1] - This represents a substantial increase of approximately 62.3% to 127.3% compared to the previous year's figure of RMB 30.8 million [1] - **Factors Influencing Profit Increase** - The board attributes the increase in net profit primarily to a reduction in equity-settled share payments during the period [1] - Additionally, there has been an increase in revenue generated from the artist management business during the same period [1]

Core Viewpoint - Lehua Entertainment (02306) expects to achieve a net profit attributable to shareholders of approximately RMB 50 million to RMB 70 million for the six months ending June 30, 2025, representing an increase of approximately 62.3% to 127.3% compared to RMB 30.8 million for the six months ending June 30, 2024 [1] Summary by Relevant Categories - **Profit Forecast** - The company anticipates a net profit attributable to shareholders between RMB 50 million and RMB 70 million for the upcoming six-month period [1] - **Comparison with Previous Period** - This forecast indicates a significant increase of approximately 62.3% to 127.3% compared to the previous year's net profit of RMB 30.8 million [1] - **Reasons for Profit Increase** - The board attributes the increase in net profit primarily to a reduction in equity-settled share payments during the period and an increase in revenue from artist management services [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 就 因 本 公 告 全部或任何部分內容所產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 YH Entertainment Group 樂華娛樂集團 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：2306） 正面盈利預告 本公告乃由 樂華娛樂集團（「本公司」，連 同 其 子 公 司 統 稱 為「本集團」）根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第13.09(2)(a)條及香港法例第 571章證券及期貨條例第XIVA部 項 下 的 內 幕 消 息 條 文（定 義 見 上 市 規 則）而 刊 發。 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 本 公 司 潛 在 投 資 者，根 據 對 本 集 團 截 至2025年6月30日 止 六 個 月（「有關期間」）的 未 經 審 核 綜 合 管 理 賬 目 及 董 事 ...

Group 1 - The core issue highlighted is the growing tension between artists and their management companies, reflecting a crisis in the entertainment industry as companies struggle with resource allocation and support for artist development [3][4][7] - Many management companies are shifting their strategies to focus on signing younger artists to build a sustainable talent pipeline, recognizing the risks of relying solely on a few top artists [4][9] - The traditional model of artist management is becoming outdated, as companies face challenges in nurturing new talent due to increased production costs and a shrinking market for new projects [20][24] Group 2 - The departure of prominent artists from management companies can significantly impact the companies' revenues and overall business health, as seen with the cases of various artists leaving their agencies [7][10] - The entertainment industry is witnessing a shift towards direct collaborations between platforms and artists, bypassing traditional management companies, which diminishes the latter's role as resource intermediaries [22][24] - The industry's future may depend on companies evolving from resource controllers to value creators, fostering partnerships with artists that emphasize mutual growth and professional development [24][25]

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7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: | 乐华娱乐集团 | | | | | | 呈交日期: | 2025年8月5日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 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) | 02306 | 說明 | | | | | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | | 2,000,000,000 USD | 0.0001 | USD | 200,000 | | 增加 / 減少 (-) | | 0 | | USD | 0 | | 本月底結存 | | 2,000,000,000 USD | 0 ...

Core Insights - On July 21, 18 Hong Kong-listed companies conducted share buybacks, totaling 13.67 million shares and an amount of 21.25 million HKD [1][2] Group 1: Buyback Details - China Eastern Airlines repurchased 2.944 million shares for 8.5194 million HKD, with a highest price of 2.910 HKD and a lowest price of 2.850 HKD, accumulating a total buyback amount of 584.30 million HKD for the year [1][2] - Mengniu Dairy repurchased 200,000 shares for 3.4207 million HKD, with a highest price of 17.120 HKD and a lowest price of 17.060 HKD, accumulating a total buyback amount of 231.29 million HKD for the year [1][2] - IGG repurchased 490,000 shares for 2.1160 million HKD, with a highest price of 4.360 HKD and a lowest price of 4.280 HKD, accumulating a total buyback amount of 49.88 million HKD for the year [1][2] Group 2: Buyback Rankings - The highest buyback amount on July 21 was from China Eastern Airlines at 8.5194 million HKD, followed by Mengniu Dairy at 3.4207 million HKD [1][2] - In terms of share quantity, the largest buyback was by Ying Group with 4 million shares, followed by China Eastern Airlines with 294,400 shares [1][2]

Group 1 - The article reports on share buybacks conducted by various companies on July 21, 2025, with China Eastern Airlines leading in both the number of shares repurchased and the total amount spent [1][2] - China Eastern Airlines repurchased 2.944 million shares for a total of HKD 8.5194 million, representing 1.915% of its total share capital for the year [2] - Other notable companies involved in the buyback include Mengniu Dairy, IGG, and Vitasoy, with varying amounts and percentages of their total share capital repurchased [1][2] Group 2 - Mengniu Dairy repurchased 200,000 shares for HKD 3.4207 million, accounting for 0.127% of its total share capital [2] - IGG repurchased 490,000 shares for HKD 2.1160 million, which is 0.617% of its total share capital [2] - Vitasoy repurchased 56,000 shares for HKD 0.5186 million, representing 1.363% of its total share capital [2]

Core Viewpoint - The partnership between Lehua Entertainment and Huaxi Biological has ended, with Lehua's subsidiary Tianjin Yihua exiting the ownership of the children's skincare brand Runxihe, which was established to address the skincare needs of the founders' daughters [1] Group 1: Company Developments - Huaxi Biological announced the completion of the equity transfer on July 10, 2025, indicating a strategic shift away from the Runxihe brand [1] - The initial collaboration aimed to leverage the strengths of both companies in skincare active ingredients and cultural entertainment, but the operational outcomes did not align with the founders' original intentions [1] - Lehua Entertainment plans to refocus on its core business and IP development following the amicable separation [1] Group 2: Brand Status - Runxihe, which was launched in 2019, is still listed on Huaxi Biological's website as its only children's skincare brand, featuring products like cleansers, moisturizers, shower gels, lip balms, and hand creams [1] - The brand's official flagship store is no longer searchable on major e-commerce platforms like Tmall and JD, with products now primarily available through third-party sellers [1] - The collaboration initially aimed to utilize celebrity influence to boost brand visibility, but this strategy did not yield the expected growth for the children's skincare line [1]

Core Viewpoint - Lehua Entertainment has quietly exited its partnership with Huaxi Biological, with the latter announcing the withdrawal of Tianjin Yihua Management Consulting Co., Ltd. from the shareholder list of the children's skincare brand Runxihe, effective July 10, 2025. The collaboration was initially based on the founders' insights into their daughters' skincare needs, but the operational model did not meet expectations, prompting the decision to part ways [1][13]. Company Summary - Huaxi Biological's announcement highlighted that the original intention behind the Runxihe brand was to leverage the strengths of both companies in skincare active ingredients and cultural entertainment to create a children's skincare brand. However, the operational model failed to reflect the founders' original vision, leading to the decision to adjust the partnership [1][13]. - Lehua Entertainment confirmed its focus on core business development and IP expansion following the amicable agreement with Huaxi Biological. The company previously held a 50% stake in Runxihe [4][13]. - The Runxihe brand, launched in 2019, was part of a joint venture established in 2023, coinciding with Lehua Entertainment's IPO in Hong Kong. The brand aimed to tap into the beauty market, which was seen as a potential growth area for Lehua [16][17]. Industry Summary - The children's skincare segment has emerged as a lucrative area for domestic beauty brands, with several companies entering the market, including Betaini with "Winona Baby" and Shanghai Jahwa with "Qichu." The market has seen rapid growth, with brands like "Turtle Dad" and "Kangaroo Mom" gaining significant traction [18]. - Despite the initial promise, Runxihe's performance has not met expectations, as indicated by Huaxi Biological's recent quarterly reports, which did not mention the brand's performance or product lines. The company has been undergoing significant organizational changes since late 2022, which may have influenced the decision to exit the partnership [17][18].