The Zhitong Finance App learned that Huanxi Media (01003) rose more than 8% in the afternoon. As of press release, it had risen 8.77% to HK$0.62, with a turnover of HK$2,587,400.

According to the news, Huaxi Media will announce the results tomorrow (March 27). The company previously announced that it expects revenue to increase to about HK$1.3 billion to HK$1.35 billion in 2023, up 94 to 98 times; profit before tax is about HK$200 million to HK$220 million; loss before tax is 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 board of directors believes that the Group's loss to profit was mainly due to ideal overall box office revenue during the year. However, the Group anticipated a decrease in film and TV series copyright revenue in the first quarter of this year, so in 2023, an impairment loss of about 106 million yuan for film and TV series copyright was offset by the Group.