Lates News

Citigroup released a research report stating that the performance of Maoyan Entertainment in the first half of the year roughly meets expectations. They have adjusted their revenue forecasts for 2025 to 2026 by decreasing by 4% and increasing by 4%, respectively to 4.7 billion and 4.8 billion yuan. Adjusted net profit forecasts have been increased by 6% and decreased by 12%, respectively to 542 million and 689 million yuan. Citigroup predicts that China's box office in 2025 will be 47 billion yuan, a year-on-year increase of 11%. Citigroup believes that Maoyan continues to capture market share in the film distribution market, and the company is committed to investing in offline ticketing business. The bank expects the total transaction volume (GMV) of offline performances this year to increase by 17% year-on-year, while offline ticketing revenue is expected to decrease by 2% to 385 million yuan annually to reflect the investment made to increase market share. Citigroup has raised Maoyan's target price from 9 Hong Kong dollars to 9.3 Hong Kong dollars based on a 2026 per-share profit multiple of 14 times (originally 12 times) and has given it a "buy" rating.