Guangzhou Jinyi Media Corp

Jinyi Film & Television released its 2026 interim report. Operating revenue was 381 million yuan, down 38.9% year on year. Net profit attributable to the parent company was a loss of 53.3 million yuan, down 264.6% year on year. Net profit attributable to the parent company excluding non-recurring items was a loss of 102 million yuan, down 1,658.4% year on year. Second-quarter operating revenue was 135 million yuan, up 15.6% year on year, while net profit attributable to the parent company was a loss of 31.67 million yuan, narrowing from a loss of 74.08 million yuan in the same period last year. As of the end of the second quarter, total assets were 2.022 billion yuan, while net assets attributable to the parent company were only 33.19 million yuan. The asset-liability ratio was extremely high, and undistributed profit was negative 1.057 billion yuan, reflecting a large accumulated uncovered loss. The company's main business is cinema chain distribution, film exhibition and related derivative operations. During the reporting period, film exhibition revenue fell 40.01%, concession sales revenue fell 48.98%, and cinema chain distribution revenue fell 45.64%. Only advertising services and film and television drama revenue posted slight growth, but their scale was too small to offset the decline in the core business. The company said that due to the overall industry adjustment, the domestic film market underperformed expectations, cinema attendance remained at low levels, and operating performance was under pressure.