HK Stock Market Move | DAMAI ENT (01060) rises more than 8% in the afternoon, with a 94% year-on-year increase in net profit attributable to the mother in 25 years. "A Love Letter to Grandma" will contribute to profit growth.

DAMAI ENT(01060) rose more than 8% in the afternoon session, up 6.67% as of the time of writing, at HK$0.64, with a trading volume of HK$166 million. On the news front, recently, DAMAI ENT released its annual performance for the year ended March 31, 2026, with revenue of about RMB 8.024 billion, an increase of 20% year-on-year. Net profit attributable to the company's owners was approximately RMB 705 million, a 94% year-on-year increase. During the reporting period, the live entertainment market in China continued to grow steadily, with box office revenue for performances increasing for three consecutive years. Taking advantage of these industry opportunities, the Damai platform achieved continuous growth in Gross Merchandise Volume (GMV) for ticket sales for three consecutive years, maintaining a leading position in the industry. During the reporting period, the Group provided ticketing services for over 400,000 performances, with double-digit year-on-year growth, exceeding the overall industry growth rate. Citi's research report pointed out that the management expects both revenue and profit of DAMAI ENT's mainland China business to grow in the 2027 fiscal year, with international expansion continuing. In terms of the film business, Citi expects the film "Love Letters to Grandma" to contribute profits in the first half of the 2027 fiscal year, with the group continuing to control costs and optimize manpower. China International believes that DAMAI ENT's profitability has significantly improved after strategic reforms, and they predict that "Love Letters to Grandma" may contribute to an increase in FY27 profits.