大麦娱乐_阿里鱼业务势头强劲；关注 C 端零售及海外、内容板块扩张

H1 revenue grew 33% YoY to Rmb4.05bn, beating UBS-e/Visible Alpha consensus 7%/6%. GPM fell 7.5ppt YoY to 35.7% in H1. Due to better opex control and higher other income, adjusted EBITA/NP beat consensus 6%/11% (page 2). ab 17 November 2025 Global Research Damai Entertainment Holdings Strong momentum in Alifish; eyes on to-C retail and overseas & content segment expansion H1 solid beat on revenue; GPM was on the weak side Key takeaways from conference call 1) IP merchandising (rev: +ve, margin: -ve): Alifis ...