Beijing Enlight Media (300251) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥190.61 million, down 93.59% year-over-year due to a high base in the prior year from blockbuster film releases.

• Net profit attributable to shareholders was ¥23.28 million, a 98.85% decrease year-over-year.

• The company remains focused on core film, animation, and IP-related businesses, with ongoing development of new projects and IP commercialization.

Financial highlights

• Operating cash flow was negative at -¥21.53 million, compared to ¥4.89 billion in Q1 2025.

• Basic and diluted EPS were ¥0.01, down from ¥0.69 year-over-year.

• Gross margin and operating profit declined sharply due to lower film revenue.

• Total assets at quarter-end were ¥11.01 billion, up 0.30% from year-end 2025.

• Shareholders’ equity increased 0.82% to ¥10.03 billion.

Outlook and guidance

• Several new films and animation projects are scheduled for release in 2026, including major IPs and sequels.

• The company is enhancing its full-chain IP operation and expanding into merchandise, games, and live events.