Core Viewpoint - The company reported a slight decline in total revenue for the fiscal year 2024/2025, amounting to HKD 480 million, which is better than the overall industry performance in both mainland China and Hong Kong [1] Company Performance - The company's box office revenue in mainland China and Hong Kong experienced minor declines of 0.5% and 4.7% respectively, while the overall box office revenue in these markets fell by 8.8% and 5.1%, indicating the company's performance outpaced the industry [1] - A significant reduction in impairment provisions to HKD 29.8 million (from HKD 430 million in 2024) and effective cost control measures led to an EBITDA of HKD 54.6 million, a turnaround from an EBITDA loss of HKD 416 million in 2024 [1] - The net loss narrowed significantly to HKD 140 million, compared to a loss of HKD 715 million in 2024, with basic loss per share improving to HKD 0.04 from HKD 0.22 in the previous year [1] Industry Context - The Hong Kong cinema industry is undergoing consolidation due to challenges such as competition from live streaming platforms, a lack of blockbuster films, high rental costs, and changing consumer habits, resulting in over ten cinema closures in the market this year [1] - According to statistics from the Hong Kong Box Office Company, the annual box office revenue in Hong Kong declined by 5.1% to HKD 1.2 billion [1] - In response to the industry's downturn, the Hong Kong government has launched promotional activities, including "Cinema Day" and discounted movie screenings, along with various film production support programs to aid industry development [1]
英皇文化产业(00491.HK)2024/2025年度总收入轻微下跌至4.8亿港元