HK Stock Market Move | DAMAI ENT(01060) rose more than 6%, expected annual net profit to increase by over 700 million yuan year-on-year, and the movie "Love Letter to Grandma" is gaining popularity.
Daming Entertainment (01060) rose more than 6%, up 6.35% to HKD 0.67 at the time of publication, with a turnover of HKD 89.39 million.
DAMAI ENT (01060) rose more than 6%, up 6.35% at 0.67 Hong Kong dollars as of the time of publication, with a trading volume of 89.39 million Hong Kong dollars.
On the news front, DAMAI ENT is planning to hold a board meeting on May 27 to consider and approve the audited comprehensive year-end performance for the fiscal year ending March 31, 2026 for the company and its subsidiaries. The company previously released a profit alert, expecting a net profit attributable to the company's owners of not less than 700 million Chinese yuan for the 12 months ending March 31, 2026, compared to around 364 million Chinese yuan in the same period last year. In addition, the film "Love Letters to Grandma" produced by Beijing DAMAI ENT Culture Co., Ltd. continues to gain popularity, with Maoyan Professional Edition forecasting that the total box office of the film is expected to reach 1.6 billion yuan.
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