HK Stock Market Move | DAMAI ENT(01060) rose more than 6% at the close, with a cumulative increase of nearly 30% this week. Offline entertainment and IP-derived businesses have become core growth drivers.

DAMAI ENT(01060) rose more than 6% in the last trading session, with a cumulative increase of nearly 30% for the week. As of the time of writing, it rose by 6.72% to 1.27 Hong Kong dollars, with a trading volume of 7.99 billion Hong Kong dollars. On the news front, on June 26th, according to the public account of the Jiangsu City Football League, the official ticketing channel for the match between Nanjing and Suzhou on July 5th is the Damai APP. China Securities Co., Ltd. pointed out that Damai has become the official ticketing channel for the Suzhou-Nanjing station of the Suzhou Super League, indicating Damai's entry into the regional sports event ticketing market and expanding its popularity among male users through event traffic, complementing the predominantly female music performance market. The company stated that currently, sports ticketing only accounts for a low single-digit percentage of Damai's revenue, but with events like the Suzhou Super League and the Guizhou Village BA becoming popular, there is potential for growth in the future. Additionally, taking into consideration various factors such as market and operations, DAMAI ENT has decided to close its wholly-owned subsidiary Chao Wan brand Jinko Nah. Zhongjin stated that based on strong industry demand, as a leading domestic IP agent and licensing company with long-term experience and capabilities in cooperation with international IP copyright holders, the company is expected to continuously explore the derivative value of IP. Meanwhile, attention will be given to expanding IP to B or B2C channels.