Zhongtong Finance APP learned that Ali Pictures (01060) rose more than 4% in the afternoon, up 4.55% to HKD 0.46, with a turnover of HKD 20.08 million as of press time.

On the news front, Ali Pictures recently released its fiscal year 2024 performance report. Benefiting from the thriving development of the film and performance industry and the diversified layout of its business structure, Ali Pictures achieved a revenue of approximately RMB 5.036 billion as of March 31, 2024, a year-on-year increase of 44%; Adjusted EBITA has achieved profitability for four consecutive years, with a profit of approximately RMB 504 million, a year-on-year increase of 61%.

It is worth mentioning that on November 30, 2023, Ali Pictures completed a major acquisition of Damai. The performance report shows that during the reporting period, Damai occupied a significant market-leading advantage in the ticketing agency field, with headliner concert projects such as Jay Chou, May Day, Xue Zhiqian, JJ Lin, and Zhang Jie covering almost 100% of the market. The total transaction volume (GMV) of its business grew rapidly, with a year-on-year increase of over 500%.