Zhitong Finance App News, Huaxi Media (01003) announced that the Group expects revenue to increase to about HK$1.3 billion to HK$1.35 billion in 2023, an increase of about 94 to 98 times; profit before tax of about HK$200 million to HK$220 million; loss before tax of about HK$223 million; net profit of about HK$150 million to HK$170 million, while net loss in 2022 is about HK$222 million.

The announcement said that in 2022, due to the negative impact of the epidemic on the operating rate of domestic cinemas, the group postponed the screening of blockbuster movies invested by the group in theaters, causing the group to reduce revenue and lose money last year. This year, the Group mainly benefited from the Group's overall box-office earnings ideal during the year. However, the Group anticipated a decrease in film and TV series copyright revenue/expected revenue in the first quarter of 2024, resulting in an impairment loss of approximately HK$106 million (last year's film and TV series copyright impairment loss was HK$6.083 million), which offset part of the Group's profit this year.