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Litian Pictures Holdings Limited ( (HK:9958) ) has provided an announcement.
Litian Pictures Holdings Limited has issued a profit warning, anticipating a significant net loss of approximately RMB554 million for the period from January 2024 to June 2025, compared to a net loss of RMB155.5 million in 2023. This expected loss is attributed to impairment losses on drama series copyrights, gross losses from unrecovered drama costs, and difficulties in collecting trade receivables due to tightened procurement budgets and intense competition in the television and streaming industry. The company’s financial results are still being finalized and may be subject to adjustments.
The most recent analyst rating on (HK:9958) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Litian Pictures Holdings Limited stock, see the HK:9958 Stock Forecast page.
More about Litian Pictures Holdings Limited
Litian Pictures Holdings Limited operates in the entertainment industry, focusing primarily on the production and distribution of drama series. The company is involved in self-produced, outright-purchased, and co-financed drama series, catering to both television and streaming platforms.
Average Trading Volume: 1,517,241
Technical Sentiment Signal: Sell
Current Market Cap: HK$82.8M
For a thorough assessment of 9958 stock, go to TipRanks’ Stock Analysis page.