Movement Alert|Damai Entertainment Rises 5.08% in Regular Trading, Film A Letter to Grandma Box Office Surpasses 600 Million Yuan

Market Focus05-22

On May 22, Damai Entertainment rose 5.08% in regular trading, trading at HKD 0.62/share, with trading volume of HKD 44.60 million. The stock rebounded after two consecutive days of pullback driven by profit-taking.

On the news front, the film A Letter to Grandma, for which Damai Entertainment serves as the second producer and sole distributor, has seen its cumulative box office surpass 600 million yuan as of May 19, topping the daily box office chart for 10 consecutive days. Maoyan Professional Edition now forecasts total box office revenue of 1.6 billion yuan. The film was produced with a budget of only 14 million yuan and holds a Douban rating of 9.1.

Additionally, the company is scheduled to hold a board meeting on May 27 to review its audited annual results. A prior profit alert indicated that net profit attributable to shareholders for the fiscal year ending March 31 will be no less than RMB 700 million, representing a year-over-year increase of over 90% compared to approximately RMB 364 million in the prior year. Goldman Sachs expects the company's core business and profits to achieve steady growth of 25%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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