Maoyan Entertainment (HK:1896) has released an update.
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Maoyan Entertainment has reported a slight decrease in revenue and a significant drop in net profits in the first half of 2024 compared to the same period last year. Despite industry challenges, such as a lower overall box office in China, the company saw a gross profit increase and remains a leading entity in film distribution and promotion. Maoyan has actively participated in numerous domestic movie projects and has optimized its revenue structure amidst fluctuating market conditions.
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