{"id":7436,"date":"2022-03-24T15:32:00","date_gmt":"2022-03-24T15:32:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3702529_AE02529_0"},"modified":"2022-03-24T15:32:00","modified_gmt":"2022-03-24T15:32:00","slug":"maoyan-entertainment-announces-2021-annual-results","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=7436","title":{"rendered":"Maoyan Entertainment Announces 2021 Annual Results"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">March 24, 2022<\/span> \/PRNewswire\/ &#8212; Maoyan Entertainment (&#8220;Maoyan&#8221; or the &#8220;Company&#8221;, 1896.HK), a leading platform providing innovative Internet empowered entertainment services in <span class=\"xn-location\">China<\/span>, today announced its audited consolidated results for the year ended <span class=\"xn-chron\">December 31, 2021<\/span>.<\/p>\n<p><b>Full Year 2021 Financial Highlights <\/b><\/p>\n<ul type=\"disc\">\n<li><b>Revenue <\/b>increased by 143.9% to <span class=\"xn-money\">RMB3,323.4 million<\/span> from <span class=\"xn-money\">RMB1,365.7 million<\/span> in 2020. <\/li>\n<li><b>Gross profit <\/b>increased by 242.9% to <span class=\"xn-money\">RMB1,842.3 million<\/span> from <span class=\"xn-money\">RMB537.3 million<\/span> in 2020. <\/li>\n<li><b>Profit for the <\/b><b>full year<\/b><b> of 2021 <\/b>was <span class=\"xn-money\">RMB368.5 million<\/span>, compared with a loss of <span class=\"xn-money\">RMB646.3 million<\/span> in 2020. <\/li>\n<li><b>Adjusted EBITDA<sup><b><sup>[1]<\/sup><\/b><\/sup> <\/b>was <span class=\"xn-money\">RMB742.7 million<\/span>, compared with negative <span class=\"xn-money\">RMB360.3 million<\/span> in 2020. <\/li>\n<li><b>Adjusted net profit<sup><b><sup>[2]<\/sup><\/b><\/sup> <\/b>was <span class=\"xn-money\">RMB540.0 million<\/span>, compared with an adjusted net loss of <span class=\"xn-money\">RMB435.6 million<\/span> in 2020.<\/li>\n<\/ul>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tbody readability=\"6.5\">\n<tr readability=\"7.5\">\n<td class=\"prngen2\" readability=\"8\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[1]<\/sup> In 2021 and 2020, the Company defined EBITDA as operating (loss)\/profit for the period adjusted for depreciation and amortization expenses. The Company added back share-based compensation and listing expenses to EBITDA to derive adjusted EBITDA. <\/span><\/p>\n<\/td>\n<\/tr>\n<tr readability=\"12\">\n<td class=\"prngen2\" readability=\"11\">\n<p class=\"prnews_p\"><span class=\"prnews_span\"><sup>[2]<\/sup> In 2021 and 2020, the Company defined adjusted net (loss)\/profit as net (loss)\/profit for the year adjusted by adding back share-based compensation, net losses of convertible bonds classified as financial liabilities at fair value through profit or loss, listing expenses and the amortization of intangible assets resulting from business combinations. <\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p><b>BUSINESS REVIEW AND OUTLOOK <\/b><\/p>\n<p>In this announcement, &#8220;we&#8221;, &#8220;us&#8221; and &#8220;our&#8221; refer to the Company. <\/p>\n<p><b>1. <\/b><b>BUSINESS REVIEW<\/b><\/p>\n<p><b>ENTERTAINMENT CONTENT SERVICES<\/b><\/p>\n<p>As a leading promoter and distributor of domestic movies, as well as a premier movie producer and self-developer in <span class=\"xn-location\">China<\/span>, we have been proactively working with the industry and contributing to the production, promotion and distribution of various genres of domestic movies, including patriotic movies. By integrating our extensive experiences and technical capabilities, we have been able to strengthen our effective and precise services capabilities for movie promotion and distribution, as well as to constantly improve our movie selection criteria, and capabilities of producing more high-quality movies. In 2021, we achieved breakthrough growth in our entertainment content services business, with ever-better performance in both the quantity and quality of the movies we participated in, compared to previous years. In particular:<\/p>\n<ul type=\"disc\">\n<li>We continued to cultivate our self-production capabilities for movies and further deepen our own IP reserves. These efforts helped us achieve significant breakthroughs as an independent self-developer and a lead distributor through enhanced premier content development and production capabilities. In 2021, our self-produced movies On Your Mark (\u4e86\u4e0d\u8d77\u7684\u8001\u7238) and Be Somebody (\u63da\u540d\u7acb\u842c) were released, both of which performed excellently. On Your Mark (\u4e86\u4e0d\u8d77\u7684\u8001\u7238) was nominated to the 24th <span class=\"xn-location\">Shanghai<\/span> International Film Festival, and Be Somebody (\u63da\u540d\u7acb\u842c) consecutively topped the daily-box office since its release in November, while ranking Number One on the box-office chart for that month. The gross box office of <span class=\"xn-money\">RMB920 million<\/span> and good reputation achieved by Be Somebody (\u63da\u540d\u7acb\u842c) made it the dark horse for the annual box-office chart. <\/li>\n<li>Moreover, by fully leveraging our promotion and distribution capabilities, we were committed to providing outstanding services for the movies, enabling them to broaden their audience reach, as well as to achieve or even surpass their box-office forecasts and reputational expectations. With these objectives in mind, we participated in 18 domestic movies by acting as the lead distributor in 2021, some of which achieved outstanding performances with an overall box office of over <span class=\"xn-money\">RMB8.6 billion<\/span>. For example, Hi, Mom (\u4f60\u597d\uff0c\u674e\u7165\u82f1), for which we acted as both producer and guaranteed distributor, generated more than <span class=\"xn-money\">RMB5.4 billion<\/span> at the box office, ranking as the third highest in <span class=\"xn-location\">China&#8217;s<\/span> domestic movie box-office history; Raging Fire (\u6012\u706b\u2022\u91cd\u6848) recorded a gross box office of more than <span class=\"xn-money\">RMB1.3 billion<\/span>, thus becoming the champion for the Chinese-action movie box-office results for the year\uff1band 1921, as one of the key movies in celebrating the centenary of the founding of the Chinese Communist Party, also performed well at the box office, becoming the monthly box-office champion for historical movie. These movies were also recognized with a number of awards and nominations across The China Golden Rooster Awards (\u4e2d\u570b\u96fb\u5f71\u91d1\u9dc4\u734e), the Hong Kong Film Awards and the Macau International Movie Festival. Furthermore, we also provided comprehensive promotion and distribution services for a number of other movies, including but not limited to Dear Tutu: Operation T-Rex (\u5927\u8033\u6735\u5716\u5716\u4e4b\u9738\u738b\u9f8d\u5728\u884c\u52d5) and Knock Knock (\u4e0d\u901f\u4f86\u5ba2). <\/li>\n<li>Throughout 2021, we covered a wide range of blockbusters during the major seasons throughout the year, and we also participated in self-production\/promotion\/distribution for 51 released domestic movies, which included 9 out of the top 10 on the 2021 domestic box office chart. These movies achieved a cumulative gross box office of approximately <span class=\"xn-money\">RMB26.0 billion<\/span>, accounting for approximately 65% of the gross box office of all domestic movies in the same period. Examples include A Little Red Flower (\u9001\u4f60\u4e00\u6735\u5c0f\u7d05\u82b1) and Warm Hug (\u6eab\u6696\u7684\u62b1\u62b1), for both of which we participated in as the producer\/distributor, ranking first and second respectively at the box office during the New Year&#8217;s Day holiday season; Chinese Doctors (\u4e2d\u570b\u91ab\u751f) and White Snake 2: Green Snake (\u767d\u86c72\uff1a\u9752\u86c7\u52ab\u8d77), for which we participated in as the producer\/distributor, entered the top three at the box office during the summer vacation; and Cloudy Mountain (\u5cf0\u7206), Sister (\u6211\u7684\u59d0\u59d0), My country, <span class=\"xn-person\">My Parents<\/span> (\u6211\u548c\u6211\u7684\u7236\u8f29), the Cliff Walkers (\u61f8\u5d16\u4e4b\u4e0a) and Fireflies in the Sun (\u8aa4\u6bba2), for which we participated in as producer\/distributor, also achieved excellent box-office performances, being either first or second place in their respective release seasons.<\/li>\n<\/ul>\n<p>Moving into 2022, we will further deepen and improve our capabilities in content development, movie production, promotion and distribution. We will also strive to expand the breadth and depth of the movies we participate in, as well as to continue to enrich our high-quality content library. All these efforts will combine to drive our sustainable growth in the entertainment content services business.<\/p>\n<ul type=\"disc\">\n<li>As of the date of this announcement, a number of movies we participated in have already released in 2022, and have performed excellently both at the box office and reputation. Among these movies, Too Cool To Kill (\u9019\u500b\u6bba\u624b\u4e0d\u592a\u51b7\u975c), for which we acted as the co-producer and the lead distributor, ranked second in terms of box office during the 2022 Spring Festival holiday, and achieved a box office of more than <span class=\"xn-money\">RMB2.6 billion<\/span> as of this announcement; G storm (\u53cd\u8caa\u98a8\u66b45), for which we acted as the co-producer and the lead distributor, ranked second in terms of box office in 2022 New Year&#8217;s Day holiday; and Me And My Winter Games (\u6211\u5011\u7684\u51ac\u5967), for which we acted as the lead distributor, was the first animated mascot film in the history of the Olympic Games, and has received a large number of favorable reviews since its release in tandem with the success of the Beijing Winter Olympics. <\/li>\n<li>We have been proactively working with all parties across the industry to continue to enrich our library of quality movies. Currently, there are over 50 unreleased movies we have participated in and more than 20 self-produced projects at various stages of development in our pipeline, including Victims (\u88ab\u5bb3\u4eba), The Procurator (\u6aa2\u5bdf\u98a8\u96f2), Give Me Five (\u54e5\uff0c\u4f60\u597d), Papa (\u5b78\u7238), High Forces (\u5371\u6a5f\u822a\u7dda), The Goldfinger (\u91d1\u624b\u6307), Life Meeting (\u4eba\u751f\u6703\u8b70), The New Once a Thief (\u65b0\u7e31\u6a6b\u56db\u6d77) and more.<\/li>\n<\/ul>\n<p>In addition to cinema movies, we consistently strengthened our efforts in both TV dramas and high-quality online movies in 2021. For example, the TV legal dramas, which we developed and produced, entitled Out of Court \u00b7 The Last Straw (\u5ead\u5916\u2022\u843d\u6c34\u8005) and Out of Court \u00b7 Blinding Elephant (\u5ead\u5916\u2022\u76f2\u5340), have both completed filming and will be broadcasted exclusively on Youku in the near future. The King of BBQ (\u71d2\u70e4\u4e4b\u738b), the first online movie that we produced, promoted and distributed has been broadcasted exclusively on <span class=\"xn-money\">Tencent<\/span> Video, achieving outstanding performances in both reputation and box office. In addition, there will be numerous more TV dramas and other online movies we participated to be released in succession, including but not limited to Genius Go Talent (\u5929\u624d\u68cb\u58eb), Beauty in Truth (\u5973\u70ba\u6085\u5df1\u8005), Love Me If You Dare (\u670d\u4e0d\u670d), Heal Me (\u6211\u9084\u6c92\u6441\u4f4f\u5979), Legend of <span class=\"xn-person\">Dan Zhu<\/span> (\u554f\u4e39\u6731) and King of Hot GUO (\u706b\u934b\u4e4b\u738b).<\/p>\n<p>In addition to the above, we also made remarkable progress in improving our promotion and distribution capabilities. As a top-notch domestic movie distributor and a leading pan-entertainment marketing services provider, we have established a unique intelligent promotion and distribution system. This forms a product matrix that provides comprehensive and diversified services for the whole industry. We will continue to upgrade these services and products through continuous innovation to further solidify their industry&#8217;s leading service coverage. For example:<\/p>\n<ul type=\"disc\">\n<li>Our indexes including &#8220;real-time wish-list gathering&#8221; (\u5be6\u6642\u60f3\u770b) and &#8220;real-time pre-sale&#8221; (\u5be6\u6642\u9810\u552e), have been recognized as industry standard indicators with increasing high industry authority; <\/li>\n<li>Our &#8220;Cloud Block Booking&#8221; (\u96f2\u5305\u5834) has successfully served hundreds of movies, and our &#8220;Movie Market Microscope Pro&#8221; (\u5f71\u5e02\u986f\u5fae\u93e1Pro) designed for the attendance and scheduling analysis, has been widely recognized by the market since its launch in December; <\/li>\n<li>Our newly launched industry-focused tools providing refined and intelligent promotion and distribution services, including scheduling analysis, scheduling target decomposition and scheduling forecasts. These together with our self-developed intelligent systems, have combined to realize the monitoring and notification pushing on an hourly basis for data and event dynamics of a number of movies, such as Raging Fire (\u6012\u706b\u2022\u91cd\u6848), Be Somebody (\u63da\u540d\u7acb\u842c) and Too Cool To Kill (\u9019\u500b\u6bba\u624b\u4e0d\u592a\u51b7\u975c), further demonstrating our professional and innovative capabilities in promotion and distribution services; <\/li>\n<li>While we have been gradually modularizing and standardizing our services and functions in promotion and distribution, we have also built dedicated professional teams, including the Alpha Short Video Team (\u963f\u723e\u6cd5\u77ed\u8996\u983b\u5718\u968a) and the Wonder Studio (\u5947\u5999\u5de5\u4f5c\u5ba4), who have already provided premier promotion and distribution services for a number of movies, such as Endgame (\u4eba\u6f6e\u6c79\u6e67), Godzilla vs Kong (\u54e5\u65af\u62c9\u5927\u6230\u91d1\u525b), No Time to Die (007:\u7121\u7455\u8d74\u6b7b) and Snipers (\u72d9\u64ca\u624b).<\/li>\n<\/ul>\n<p><b>ONLINE ENTERTAINMENT TICKETING SERVICES<\/b><\/p>\n<p>In 2021, <span class=\"xn-location\">China&#8217;s<\/span> gross box office reached <span class=\"xn-money\">RMB47.258 billion<\/span>, continuing to lead the global box-office market. During the year, the domestic movies collectively recorded a box office of <span class=\"xn-money\">RMB39.927 billion<\/span>, accounting for 84.5% of <span class=\"xn-location\">China&#8217;s<\/span> gross box office, representing a recovery rate of over 90%, compared to that of 2019. Specifically, the box-office performances during major seasons of 2021, such as the New Year&#8217;s Day, Chinese Spring Festival, Qingming Festival, Labor Day holidays and Christmas, all surpassed those in the same period of 2019, demonstrating both the resilience and huge potential of the Chinese movie market.<\/p>\n<p>As a leading movie ticketing service provider, we have been proactively addressing the needs of the whole industry with high quality services and products. At the same time, we have always been committed to constructively contributing to the industry&#8217;s recovery and development by strengthening our services and cooperating with all partners across the entire industry. In 2021, we provided the audiences with premier ticketing services as the general ticketing agents for the 11th <span class=\"xn-location\">Beijing<\/span> International Film Festival (\u7b2c11\u5c46\u5317\u4eac\u570b\u969b\u96fb\u5f71\u7bc0) and the 16th <span class=\"xn-location\">Changchun<\/span> Film Festival in <span class=\"xn-location\">China<\/span> (\u7b2c16\u5c46\u4e2d\u570b\u9577\u6625\u96fb\u5f71\u7bc0).<\/p>\n<p>Our live entertainment business continued to grow and develop in 2021. We extended our coverage to serve a more diverse range of live entertainment projects through a constantly upgraded one-stop ticketing solution, which not only increased consumption vitality but also improved operational efficiency. In terms of ticketing services, we continued to provide services for many high-quality performances and events of various genres, such as the MIDI Festival 2021 (2021\u8ff7\u7b1b\u97f3\u6a02\u7bc0), Maksim Classical Crossover Piano Concert, Joker Xue&#8217;s &#8220;Tian Wai Lai Wu&#8221; Concert Tour (\u859b\u4e4b\u8b19&#8221;\u5929\u5916\u4f86\u7269&#8221; \u5de1\u56de\u6f14\u5531\u6703), Li Ronghao&#8217;s &#8220;Sparrow&#8221; tour (\u674e\u69ae\u6d69&#8221;\u9ebb\u96c0&#8221;\u5de1\u56de\u6f14\u5531\u6703), and the King Pro League 2021 (2021\u5e74\u738b\u8005\u69ae\u8000\u8077\u696d\u806f\u8cfd). Moreover, we have also enhanced our efforts in exploration and innovation on emerging modern entertainment events. For example, projects that we invested and developed, such as the immersive fine food interactive drama &#8220;The Grand Expedition&#8221; (\u73a9\u5473\u63a2\u96aa\u5bb6) and the immersive escape room &#8220;Paramount&#8221; (\u767e\u6a02\u9580\uff0d\u9006\u71b5\u7d00\u5143), all performed well in terms of both reputation and box office.<\/p>\n<p><b>ADVERTISING SERVICES AND OTHERS<\/b><\/p>\n<p>In 2021, we proactively established and developed our promotion and marketing mechanisms and capabilities for both entertainment content and various brands. Through these efforts, we were able to integrate our resources to cover full entertainment scenarios, both online and offline, and devoted ourselves to delivering high-quality marketing and promotion services. During the Reporting Period, we executed advertising campaigns for various movies, and provided effective advertisement placements and customized marketing solutions for a large number of brand clients such as JD.COM, Douyin, Kuaishou, Chanel, L&#8217;Oreal, LEVIN (\u96f7\u51cc) and ALLION (\u4e9e\u6d32\u7345).<\/p>\n<p>In addition, we have further strengthened our capabilities to serve the whole industry. Our Maoyan Research Institute continuously serve the whole industry with comprehensive data services and market development trends research by regularly publishing industry data reports, covering all major seasons, as well as the thematic research reports on movie genres, including animation and Chinese action movies, etc. Moreover, through our test screening research services across the full practice of production, promotion and distribution for movies and TV dramas, we are able to provide our supports from all perspectives. Throughout 2021, we have served more than 50 movies, including approximately more than 30% of the domestic movies with a box office of over <span class=\"xn-money\">RMB100 million<\/span> each, as well as many imported titles.<\/p>\n<p><b>2.&nbsp;<\/b><b>OUTLOOK<\/b><\/p>\n<p>In 2021, <span class=\"xn-location\">China&#8217;s<\/span> movie industry strived to overcome the adverse impacts of the ongoing recurrence of the COVID-19 pandemic. The <span class=\"xn-location\">China&#8217;s<\/span> annual gross box office recovered to 74% of its pre-pandemic level, and continued to stay at Number One in the world in terms of both annual box office and total number of movie screens. During the 2022 Spring Festival holiday (from 31 January to 6 February), the national box office of movies in urban cinemas reached <span class=\"xn-money\">RMB6.035 billion<\/span>, exceeding the level of the same period in 2019 and ranking second in <span class=\"xn-location\">China&#8217;s<\/span> movie history. All of these reflected the strong resilience and vigorous vitality of <span class=\"xn-location\">China&#8217;s<\/span> movie market. On <span class=\"xn-chron\">9 November 2021<\/span>, China Film Administration (\u570b\u5bb6\u96fb\u5f71\u5c40) released the &#8220;14th Five-Year Plan for the Development of Chinese Films&#8221; (\u300a&#8221;\u5341\u56db\u4e94&#8221;\u4e2d\u570b\u96fb\u5f71\u767c\u5c55\u898f\u5283\u300b), which aims to raise the total number of screens to 100,000 screens by 2025 and guides the way to fulfilling the Vision 2035 goal of building <span class=\"xn-location\">China<\/span> into a major cinematic player. The 14th Five-Year Plan not only presents a clear and noble direction for the future development of the country&#8217;s film industry, but also sets up a goal for filmmakers to strive for, leading to the strengthened industry&#8217;s confidence in responding to the increasing expectations of audiences with more blockbusters.<\/p>\n<p>Looking forward, we will continue to devote ourselves to <span class=\"xn-location\">China&#8217;s<\/span> pan-entertainment industry. By adhering to our core development strategy &#8220;Technology + Pan-Entertainment&#8221;, we will continue to produce premier contents with positive values to tell <span class=\"xn-location\">China<\/span> stories well and to strengthen our business synergies. We will also strive to create more values for the pan-entertainment industry and the society, as well as to progress towards the inspiring goal of building <span class=\"xn-location\">China<\/span> into a major cinematic player. Meanwhile, we will continuously improve our competitiveness and innovation capacities in accordance with the core requirements of the industry and our company&#8217;s own development. We are committed to working together and progressing steadily with our partners to embrace the bright future of the industry.<\/p>\n<p>Last but not least, we would like to express our sincere gratitude to all of our colleagues, shareholders and industry partners for their trust and companionship. Let us forge ahead together and generate greater values for the industry!<\/p>\n<p><b>About Maoyan Entertainment <\/b><\/p>\n<p>Maoyan Entertainment (1896.HK) is a leading technology-driven entertainment company providing diversified services and valuable industry insights in <span class=\"xn-location\">China&#8217;s<\/span> pan-entertainment industry. The Company&#8217;s mission is to make it easy to create, deliver, and enjoy great entertainment. Based on its core development strategy of &#8220;Technology + Pan-Entertainment&#8221;, the Company has grown from an online movie ticketing service provider into an innovative one-stop platform with comprehensive entertainment services. <\/p>\n<p><b>Non-GAAP Financial Measures <\/b><\/p>\n<p>To supplement the consolidated results of the Company prepared in accordance with IFRS, certain additional non-GAAP financial measures (in terms of, operating profit, operating margin, profit for the period, net margin, profit attributable to equity holders of the Company, basic EPS and diluted EPS), have been presented in this press release. These unaudited non-GAAP financial measures should be considered in addition to, not as a substitute for, measures of the Company&#8217;s financial performance prepared in accordance with IFRS. In addition, these non-GAAP financial measures may be defined differently from similar terms used by other companies. <\/p>\n<p>The Company&#8217;s management believes that the non-GAAP financial measures provide investors with useful supplementary information to assess the performance of the Company&#8217;s core operations by excluding certain noncash items and certain impact of M&amp;A transactions. In addition, non-GAAP adjustments include relevant non-GAAP adjustments for the Company&#8217;s material associates based on available published financials of the relevant material associates, or estimates made by the Company&#8217;s management based on available information, certain expectations, assumptions and premises. <\/p>\n<p><b>Forward-Looking Statements <\/b><\/p>\n<p>This press release contains forward-looking statements relating to the business outlook, forecast business plans and growth strategies of the Company. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, some of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in future. Underlying the forward-looking statements is a large number of risks and uncertainties. Further information regarding these risks and uncertainties is included in our other public disclosure documents on our corporate website. <\/p>\n<p><b>Investor Relations Contact <\/b><\/p>\n<p>Maoyan Entertainment <br \/>Email: <a target=\"_blank\" href=\"mailto:ir@maoyan.com\" rel=\"nofollow noopener\">ir@maoyan.com<\/a> &nbsp; <\/p>\n<p>The Piacente Group, Inc.<br \/><span class=\"xn-person\">Helen Wu<\/span><br \/>Email: <a target=\"_blank\" href=\"mailto:maoyan@tpg-ir.com\" rel=\"nofollow noopener\">maoyan@tpg-ir.com<\/a> <br \/>Tel: +86-10-6508-0677<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, March 24, 2022 \/PRNewswire\/ &#8212; Maoyan Entertainment (&#8220;Maoyan&#8221; or the &#8220;Company&#8221;, 1896.HK), a leading platform providing innovative Internet empowered entertainment services in China, today announced its audited consolidated results for the year ended December 31, 2021. Full Year 2021 Financial Highlights Revenue increased by 143.9% to RMB3,323.4 million from RMB1,365.7 million in 2020. Gross [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":7437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-7436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Maoyan Entertainment Announces 2021 Annual Results - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=7436\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Maoyan Entertainment Announces 2021 Annual Results - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, March 24, 2022 \/PRNewswire\/ &#8212; Maoyan Entertainment (&#8220;Maoyan&#8221; or the &#8220;Company&#8221;, 1896.HK), a leading platform providing innovative Internet empowered entertainment services in China, today announced its audited consolidated results for the year ended December 31, 2021. Full Year 2021 Financial Highlights Revenue increased by 143.9% to RMB3,323.4 million from RMB1,365.7 million in 2020. 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