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The National Film Administration has stated that it will moderately reduce the import quantity of USA films, causing related US stocks to plummet.
① The National Film Bureau responded today to the USA's increased tariffs on China, stating that it will moderately reduce the number of American films imported. ② According to reporters from Caixin, cinema sources have indicated that there has been no notification of Hollywood films such as 'Thunder Force' being withdrawn from release. ③ Over the past three years, domestic films have dominated the annual box office.
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Investors Still Aren't Entirely Convinced By Emperor Culture Group Limited's (HKG:491) Revenues Despite 29% Price Jump
EMPEROR CULTURE (00491.HK) Mid-term total revenue for the 2024/2025 fiscal year decreased to 0.243 billion HK dollars.
Gelonghui, February 21st丨EMPEROR CULTURE (00491.HK) announced that for the interim results of the 2024/2025 fiscal year, due to weak consumer demand and a lack of blockbuster films, the group's total revenue decreased to 0.243 billion HK dollars during the period. After accounting for depreciation and financial costs, the group's net loss was 56.8 million HK dollars (2023: 0.143 billion HK dollars). The basic loss per share was 0.018 HK dollars (2023: 0.045 HK dollars). In recent years, changes in consumer habits and competition from streaming platforms have led to a transformation of cinemas—from merely showing films to integrating more functions.
Market Cool On Emperor Culture Group Limited's (HKG:491) Revenues Pushing Shares 28% Lower
