ALI Pictures publishes S1 financial report: film investment, production, and distribution revenue achieves high growth, and Taomai VIP memberships exceed 20 million.

On November 13th, ALI PICTURES released its 2023/24 semi-annual performance. Benefitting from the rapid recovery of the film industry and diversified business structure, as of September 30th, 2023, ALI PICTURES achieved a revenue of 2.616 billion yuan, a year-on-year increase of 43%; adjusted EBITA profit of approximately 461 million yuan, a year-on-year increase of 209%. The net profit reached 464 million yuan, achieving profitability. At the same time, the membership system has developed steadily, with the number of Taomai VIP members exceeding 20 million, including over 2 million black diamond members. The performance announcement shows that the "content + technology" strategy has achieved significant results, with breakthroughs in various business sectors. During the reporting period, film investment, production, and distribution revenue reached 1.27 billion yuan, a year-on-year increase of 96%; film ticketing and technology platform revenue reached 558 million yuan, a year-on-year increase of 134%; IP derivative and innovative business revenue reached approximately 648 million yuan, a year-on-year increase of 41%. In the first half of the 2023/24 fiscal year, the entertainment consumer market rapidly recovered, and the offline entertainment industry flourished. ALI PICTURES firmly executed the "content + technology" dual-drive strategy, continued to deepen its presence in the content field, increased long-term investment in core value-added technologies, actively optimized operational management strategies, and promoted business breakthroughs and development. In the area of film investment, production, and distribution, ALI PICTURES not only ensured continuous investment in major projects to maintain stable returns in the film investment portfolio but also actively expanded co-production and self-production capabilities to achieve higher profitability rates under the concept of an overall film content industry investment portfolio. At the same time, ALI PICTURES continued to enhance its core capabilities in promotion and distribution services, participating in content creation and developing promotion strategies in collaboration with other production companies at an early stage. With a mature distribution team and a complete promotion system, it achieved profitability in the film content asset portfolio. During the reporting period, ALI PICTURES participated in the production and distribution of 37 films, including 7 films such as "All-In," "She Disappeared," "3000 Miles to Longxiang," "Unfamiliar Life," "Hot," and "The King of the Sky" that entered the top 10 box office rankings, accounting for nearly 60% of the total box office. At the same time, ALI PICTURES has a rich and diverse film content reserve with various themes. Multiple high-quality films embodying the values of "ordinary people, true heroes, great sentiments, and positive energy," such as "Infiltration," "Firefighters", "Welcome to My Side," "Defender of the Gate," "Reinforcements will arrive tomorrow," and "The Love Story of Liang Shanbo and Zhu Yingtai," will be released or gradually progressed according to market conditions. To further enhance the production and development capabilities of film content, during the reporting period, ALI PICTURES also initiated the External Producer Studio Cooperation Program to output more high-quality boutique film content to the industry. At the same time, the company launched the Haina Film Project to cultivate young directors, inviting directors Zhang Yimou, Huang Jianxin, and Mr. Jiang Zhiqiang as lead mentors, selecting outstanding directors, and promoting cooperation on high-quality film and television projects. Currently, 20 outstanding directors have been recruited. In terms of TV series production, the TV series studio continued to increase investment in top-quality content, deepening its presence in the content field, and producing works that can withstand broadcasting, long-lasting viewing, and emotionally resonate with audiences with warmth and popularity. Costume female legendary drama "A Blooming Heroine," urban emotional drama "City of Dancing," medical drama "Surgery Live Room," inspirational drama "Speeding Life," and light sci-fi inspirational growth drama "Off the Rails" will be gradually released to audiences. In the field of film ticketing and technology platforms, Taopiaopiao, in collaboration with Damai, further optimized the "Taomai VIP" membership system. During the reporting period, the number of Taomai VIP members exceeded 20 million, and the growth of high-quality and highly sticky users remained steady. Members enjoyed benefits such as advance purchase of popular movie shows, fast-track entry, and celebrity meet-and-greets. As an important infrastructure in the film industry, the Phoenix Cloud Intelligent System platform maintained its leading position, with the number of ticketing cinemas and ticket sales ranking first in the industry during the reporting period. At the same time, the Phoenix Cloud Intelligent System actively expanded its overseas business, signing cooperation agreements with cinemas in Macau, China, laying a foundation for market development in other countries and regions. In addition, the entertainment industry's intelligent promotion data product, "Lighthouse AI," has been launched, using AI big models as the technical basis to provide film and television industry customers and users with sentiment analysis, intelligent queries, box office predictions, AI materials, and other information and tools, exploring innovative AI interactive application scenarios. In the field of IP derivative products and innovative businesses, ALI PICTURES continuously deepened its IP licensing field. Through the accumulation of film and television content and the exploration of high-quality IPs, it has built a large and rich IP matrix, including Sanrio, Pokemon, Kakao, Universal Pictures, Saint Seiya, etc. During the reporting period, revenue from transfer licensing business saw strong growth, with a year-on-year increase of 104%. At the same time, ALI PICTURES' self-owned toy brand "KOITAKE" combined its own IPs, "AZZO," "Yue Bai," and "Jelly-Comedian," with several popular films, television dramas, and variety shows, creating various styles of trendy toy products loved by young consumers. In terms of innovative businesses, ALI PICTURES comprehensively laid out AIGC and accelerated the exploration of smart digital technology. AI assistance has been fully applied in the production of posters and copywriting content in film and television promotion, achieving significant efficiency improvement. During the reporting period, ALI PICTURES' first hyper-realistic virtual idol digital actor, Li Li, participated in the exclusive online drama "Under the Weird," becoming the first digital actor to appear in a live-action TV series in China. In addition, ALI PICTURES has also collaborated with Tmall, Huawei, Maogeping, and other brands to explore new business models in endorsements, live streaming, and digital collectibles. It is worth mentioning that during the reporting period, ALI PICTURES initiated the acquisition of Damai, the largest live entertainment service platform in China by user scale, with the completion of the transaction expected in the fourth quarter of 2023. After the transaction is completed, ALI PICTURES will expand the Damai brand in the value chain of live entertainment industries, including hosting, promotion, venue operation, and artist management, etc.In Enhance influence, consolidate scale advantage and competitive barriers, and further build brand awareness in the offline entertainment business.I am sorry, but there is no provided text to English. Can you please provide the text?