ALI PICTURES (01060) announces interim results with adjusted EBITA of approximately 642 million yuan, a year-on-year increase of 39%.

ALI PICTURES(01060) announced its interim performance for the six months ending September 30, 2024, achieving revenue of approximately 3.51 billion yuan, a year-on-year increase of 17%; gross profit of approximately 1.316 billion yuan, a year-on-year increase of 18.21%; net profit attributable to the company's owners of approximately 337 million yuan, adjusted EBITA of approximately 642 million yuan, a year-on-year increase of 39%. During the reporting period, the company continued to firmly implement the "content + technology" dual-driven strategy. Under the premise of exploring various commercialization models with content as the core, it continued to stabilize its advantage in ticket platforms, increase long-term investment in technological innovation, actively optimize operational management strategies, and achieved business breakthroughs and development in the complex and volatile market environment. As of the date of this announcement, the group has a reserve of approximately 70 films, including around 35 investment projects awaiting release and approximately 35 independently developed and co-produced projects. These reserve films will be gradually released or progressed according to market conditions.