ALI Pictures (01060) releases S1 financial report: Film investment production and distribution revenue achieved high growth. Taomai VIP members surpassed 20 million.

On November 13th, ALI PICTURES (01060) released its 2023/24 half-year performance. Benefiting from the rapid recovery of the film industry and a diversified business structure, as of September 30th, 2023, ALI PICTURES achieved a revenue of RMB 2.616 billion, a year-on-year increase of 43%. Adjusted EBITA profit was approximately RMB 461 million, a year-on-year increase of 209%. Net profit was RMB 464 million, achieving profitability. At the same time, the membership system developed steadily, with the Taomai VIP membership scale exceeding 20 million, of which the black diamond members have exceeded 2 million.