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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
YH Entertainment
YH Entertainment (2306) investor relations material
YH Entertainment H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary26 Aug, 2026
Executive summary
H1 2026 revenue rose 23.6% YoY to RMB511.9m; profit for the period fell 23.1% to RMB47.0m, primarily as net other gains of RMB12.7m shifted to losses of RMB3.2m.
Adjusted net profit increased 3.2% to RMB62.9m despite lower reported profit and gross margin.
Strategy is shifting toward an integrated AI + IP ecosystem while developing artist management, music IP, IP commercialization and pop toys.
Financial highlights
Revenue was RMB511.9m, up 23.6% YoY; cost of revenue increased 28.1% to RMB390.5m.
Gross profit rose 10.9% to RMB121.4m, while gross margin declined to 23.7% from 26.4%.
Operating profit fell 10.6% to RMB58.9m; profit before tax declined 12.5% to RMB65.8m.
Profit for the period fell 23.1% to RMB47.0m; adjusted net profit rose 3.2% to RMB62.9m.
Outlook and guidance
Advance an AI + IP ecosystem, explore AI applications in cultural content and entertainment, and strengthen existing content and IP capabilities.
Artist management plans targeted trainee development, quality-focused portfolio growth and stronger artist operations and promotion.
Expand music IP through new releases and copyright acquisitions; develop more pop toy IPs and broaden domestic and international distribution.
IP commercialization plans channel diversification and exploration of AI-powered performance and service robots for cultural consumption and offline experiences.
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Latest events from YH Entertainment
- Revenue fell 25.2% as weaker demand and a preferred-share fair-value loss drove an H1 net loss.2306
H1 2023 - Revenue fell 22.9%; adjusted profit remained positive despite a RMB142.6m IFRS net loss.2306H2 2023
- Profit rebounded and margins expanded despite lower revenue and weaker artist-management sales.2306H1 2024
- Net profit rebounded, but adjusted earnings and gross margin weakened.2306H2 2024
- Revenue rose 19.3%, reported profit more than doubled, and IP commercialization surged.2306H1 2025
- Revenue and net profit grew, but adjusted earnings fell as IP commercialization margins compressed.2306H2 2025
Next YH Entertainment earnings date
H2 202625 Mar, 2027
YH Entertainment
Next YH Entertainment earnings date
H2 202625 Mar, 2027
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