Maoyan Entertainment logo

Maoyan Entertainment

1896.HK

HKSECommunication ServicesInternet Content & Information

Latest quote

HK$4.29

−HK$0.135 · -3.05%

Aug 24, 11:01 AM HKT

1896.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

Maoyan Entertainment, founded in 2017 and headquartered in Beijing, China, operates a prominent digital platform that delivers a wide array of internet-powered entertainment services across the People's Republic of China. Its core activities encompass facilitating online ticketing for films and live events, alongside significant involvement in the entire entertainment content lifecycle, from investment and production to distribution and promotion. This extensive portfolio includes movies, television series, games, variety shows, and animated productions. Beyond content and ticketing, Maoyan offers robust advertising solutions, specialized computer technology research, film project advisory, e-business, and network technology services. The company also provides economic and trade consultation, commercial factoring, talent agency services, and engages in literary creation, performance, and the import/export of technology and goods. Its diverse clientele primarily consists of cinemas, entertainment content creators, distributors, and advertisers.

Industry
Internet Content & Information
Sector
Communication Services
Headquarters
CN
CEO
Zhihao Zheng
Listed since
Feb 4, 2019
Employees
927

Market position

Day range

Current HK$4.29

52-week range

Current HK$4.29

Open
HK$4.425
Previous close
HK$4.425
Volume
6.82M
1× average
Average volume
6.83M
Average daily volume
Market cap
4.99B HKD
Beta
0.83
Market reference 1
50-day average
HK$4.8171
-10.94% below average
200-day average
HK$6.056
-29.16% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
5.09B CNY
P/E (TTM)
11.98×
P/B (TTM)
0.47×
P/S (TTM)
1.09×
EV / EBITDA
5.5×
Earnings yield
7.86%
Free cash flow yield
16.62%
Dividend yield
5.13%

Profitability & efficiency

Gross margin
41.28%
Operating margin
10.14%
Net margin
9.12%
Return on equity
6.07%
Return on assets
4.43%
Return on invested capital
5.56%

Financial health

Debt / equity
0.04×
Current ratio
1.88×
Altman Z-score
1.55
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%40%20%-1%Gross margin, FY2021: 55.43%Gross margin, FY2022: 43.97%Gross margin, FY2023: 50.13%Gross margin, FY2024: 39.81%Gross margin, FY2025: 43.27%Operating margin, FY2021: 16.20%Operating margin, FY2022: 6.99%Operating margin, FY2023: 23.08%Operating margin, FY2024: 4.80%Operating margin, FY2025: 15.64%Net margin, FY2021: 11.09%Net margin, FY2022: 4.54%Net margin, FY2023: 19.14%Net margin, FY2024: 4.46%Net margin, FY2025: 12.17%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 55.43%. Gross margin FY2022 43.97%. Gross margin FY2023 50.13%. Gross margin FY2024 39.81%. Gross margin FY2025 43.27%. Operating margin FY2021 16.20%. Operating margin FY2022 6.99%. Operating margin FY2023 23.08%. Operating margin FY2024 4.80%. Operating margin FY2025 15.64%. Net margin FY2021 11.09%. Net margin FY2022 4.54%. Net margin FY2023 19.14%. Net margin FY2024 4.46%. Net margin FY2025 12.17%.

Income trends

Revenue

4.63B CNY+13.46%

Operating income

724.38M CNY+269.81%

Net income

563.65M CNY+209.86%
Income trends across reported periods5.22B CNY3.36B CNY1.5B CNY−360.03M CNYRevenue, FY2021: 3.32B CNYRevenue, FY2022: 2.32B CNYRevenue, FY2023: 4.76B CNYRevenue, FY2024: 4.08B CNYRevenue, FY2025: 4.63B CNYOperating income, FY2021: 538.28M CNYOperating income, FY2022: 162.09M CNYOperating income, FY2023: 1.1B CNYOperating income, FY2024: 195.88M CNYOperating income, FY2025: 724.38M CNYNet income, FY2021: 368.5M CNYNet income, FY2022: 105.19M CNYNet income, FY2023: 910.41M CNYNet income, FY2024: 181.91M CNYNet income, FY2025: 563.65M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.32B CNY. Revenue FY2022 2.32B CNY. Revenue FY2023 4.76B CNY. Revenue FY2024 4.08B CNY. Revenue FY2025 4.63B CNY. Operating income FY2021 538.28M CNY. Operating income FY2022 162.09M CNY. Operating income FY2023 1.1B CNY. Operating income FY2024 195.88M CNY. Operating income FY2025 724.38M CNY. Net income FY2021 368.5M CNY. Net income FY2022 105.19M CNY. Net income FY2023 910.41M CNY. Net income FY2024 181.91M CNY. Net income FY2025 563.65M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue4.63B CNY4.08B CNY4.76B CNY2.32B CNY3.32B CNY
Cost of goods sold2.63B CNY2.46B CNY2.37B CNY1.3B CNY1.48B CNY
Gross profit2B CNY1.63B CNY2.38B CNY1.02B CNY1.84B CNY
Research and development201.39M CNY218.96M CNY215.41M CNY195.63M CNY229.89M CNY
Selling, general, and administrative1.23B CNY1.3B CNY1.21B CNY780.06M CNY1.03B CNY
Operating expenses1.28B CNY1.43B CNY1.29B CNY857.88M CNY1.3B CNY
Interest income62.11M CNY121.43M CNY81.04M CNY39.26M CNY28.25M CNY
Interest expense10.09M CNY9.55M CNY5.12M CNY17.14M CNY31.29M CNY
Depreciation and amortization101.8M CNY103.61M CNY121.46M CNY149.22M CNY154.76M CNY
Operating income724.38M CNY195.88M CNY1.1B CNY162.09M CNY538.28M CNY
Net income563.65M CNY181.91M CNY910.41M CNY105.19M CNY368.5M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
33%
1 beat, 2 misses, 0 met estimates
Average EPS surprise
-28.34%
3 comparable reports
Latest EPS result
-0.02
Estimate 0.47 · Miss by 104.93%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.530.310.08-0.14Q3 '23No estimateQ4 '23No estimateQ3 '24No estimateQ4 '24No estimateQ3 '25No estimateQ1 '26BeatQ3 '26MissQ2 '27Estimate
Q3 2023, reported Aug 18, 2023: actual 0.378, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 0.485, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual 0.269, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Dec 31, 2024: actual -0.096, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 25, 2025: actual 0.17, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 26, 2026: actual 0.367, estimate 0.167, surprise +120.01%, Beat. Q3 2026, reported Aug 20, 2026: actual -0.023, estimate 0.468, surprise -104.93%, Miss. Q2 2027, reported Apr 1, 2027: actual —, estimate 0.432, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.21B4.72B3.22B1.73BQ3 '23No estimateQ4 '23No estimateQ3 '24MissQ4 '24No estimateQ3 '25MissQ1 '26BeatQ3 '26MissQ2 '27Estimate
Q3 2023, reported Aug 18, 2023: actual 2.37B HKD, estimate —, surprise —, Comparison unavailable. Q4 2023, reported Dec 31, 2023: actual 2.83B HKD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 26, 2024: actual 2.33B HKD, estimate 5.9B HKD, surprise -60.47%, Miss. Q4 2024, reported Dec 31, 2024: actual 2.03B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 25, 2025: actual 2.7B HKD, estimate 2.73B HKD, surprise -0.91%, Miss. Q1 2026, reported Mar 26, 2026: actual 2.4B HKD, estimate 2.31B HKD, surprise +3.85%, Beat. Q3 2026, reported Aug 20, 2026: actual 2.07B HKD, estimate 2.14B HKD, surprise -3.53%, Miss. Q2 2027, reported Apr 1, 2027: actual —, estimate 2.8B HKD, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Dividend

Ex-dividend Jun 25, 2026

HK$0.22

Annual

Record Jun 29, 2026 · Payment Aug 21, 2026

Dividend

Ex-dividend Jun 27, 2025

HK$0.32

Annual

Record Jun 30, 2025 · Payment Aug 22, 2025

1896.HK peers

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