On November 22, Gelonghui reported that mei ah enter (00391.HK) announced that the group expects a loss attributable to shareholders of approximately HKD 30,000,000 to HKD 40,000,000 for the six months ending September 30, 2024, compared to a loss of approximately HKD 4,500,000 recorded for the corresponding period in 2023.
The main reasons for the change are: (i) A decrease in revenue from the segment 'theater chain and film rights granting and sub-granting' due to the reduction in the quantity of films delivered and completed during this period as a result of reaching a phased completion of contracts with several media platforms; (ii) Expected losses from a movie and a musical project launched by the group during this period are lower than anticipated; and (iii) An increase in fair value loss from investment property revaluation in line with market trends.