G.H.Y Culture & Media Holding Co (XJB) H2 2025 earnings summary

Executive summary

• FY2025 revenue rose 22% to RMB511.2 million and profit after tax was RMB8.7 million, versus a FY2024 loss of RMB144.3 million.

• The turnaround reflected stronger TV and film production, improved margins, disciplined project selection and cost management, and the absence of FY2024’s one-off soccer-event cancellation expense.

Financial highlights

• Gross profit rose 135% to RMB98.4 million from RMB41.9 million; gross margin improved to 19.2% from 10.0%.

• Other income increased to RMB23.7 million from RMB17.8 million, mainly due to higher government grants.

• Administrative expenses of RMB53.1 million and selling and distribution expenses of RMB34.1 million remained relatively stable despite revenue growth.

Outlook and guidance

• Plans include a varied drama and film pipeline, expanding short-form and microdramas, and strengthening proprietary IP franchises such as Beautiful Fairytale and Strange Tales of Tang Dynasty.

• IP monetisation avenues include theatrical releases, streaming rights, advertising, licensing and film tourism; musical plays and immersive games are also being explored.

• Priorities include improving cost efficiency with AI tools, developing synergies with Orita Sinclair, and pursuing concert opportunities as they arise.