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花旗:猫眼娱乐盈喜胜预期料带动股价表现正面 评级“买入”
Zhi Tong Cai Jing· 2026-02-26 03:39
Core Viewpoint - Citigroup has released a report indicating that Maoyan Entertainment (01896) has issued a positive earnings forecast, expecting revenue for the fiscal year 2025 to be between 4.6 billion to 4.7 billion RMB, aligning with Citigroup's prediction of 4.66 billion RMB. The net profit is projected to be between 540 million to 590 million RMB, representing a year-on-year growth of 197% to 224%, surpassing Citigroup's forecast of 422 million RMB by 34% [1] Group 1: Financial Performance - Maoyan's strong performance last year is attributed to a successful year for the Chinese film industry, with the movie "Ne Zha 2" contributing 15 billion RMB to box office revenue. The total box office in China reached 52 billion RMB, exceeding Citigroup's prediction of 47 billion RMB by 6% [1] - As the largest ticketing platform, Maoyan benefits from increased ticketing revenue due to its market position [1] Group 2: Film Contributions - Maoyan has participated in several film projects that have performed well, including "Detective Chinatown 1900" with 3.6 billion RMB in box office revenue, "The Little Monster" with 1.7 billion RMB, "Lychee in Chang'an" with 691 million RMB, "Demon Slayer: Mugen Train" with 678 million RMB, and "The King's Avatar: For the Glory" with 533 million RMB [1] - Citigroup predicts that the positive earnings announcement will have a favorable impact on the stock price and continues to view Maoyan as a key leader in content investment within the film sector [1]