DAMAI ENT Surges Over 8% Following Projected Annual Profit Jump to at Least RMB 700 Million

Stock News
May 13

DAMAI ENT (01060) rose more than 8%, gaining 8.62% to HK$0.63 by the time of writing, with a turnover of HK$151 million. The company recently announced an expectation that the net profit attributable to owners for the twelve months ending March 31, 2026, will be no less than RMB 700 million, compared to approximately RMB 364 million in the same period last year. Additionally, the film "Love Letter to Grandma" has maintained strong momentum, with current platform box office forecasts surpassing the RMB 700 million mark. The film's producers include Beijing Damai Entertainment Culture Co., Ltd. Goldman Sachs previously noted in a research report that DAMAI ENT will announce its results in late May, forecasting a steady 25% growth in both core business (IP and ticketing revenue) and profit for the 2026 to 2027 fiscal years, alongside a narrowing of losses in its film business and stable profit margins.

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