ESUN HOLDINGS announced its annual performance, with a loss attributable to shareholders of HKD 12.8 million, a year-on-year decrease of 97.49%
ESUN HOLDINGS announced its annual results for the year ended July 31, 2025, with a revenue of approximately HKD 780 million, a year-on-year decrease of 33.2%. The loss attributable to the company's owners was HKD 12.8 million, a year-on-year decrease of 97.49%. The loss per share was HKD 0.007. The decline in revenue was mainly due to a decrease in earnings from film and television programs and media entertainment businesses, although the growth in cinema operating income slightly offset this. The comprehensive loss significantly decreased, mainly due to asset impairment reversals, reduced depreciation, and increased rental restructuring gains
According to the Zhitong Finance APP, ESUN HOLDINGS (00571) announced its annual performance for the year ending July 31, 2025, with a revenue of approximately HKD 780 million, a year-on-year decrease of about 33.2%; the loss attributable to shareholders was HKD 12.8 million, a year-on-year decrease of 97.49%; the loss per share was HKD 0.007.
The announcement stated that the decrease in revenue was mainly due to the decline in earnings from movies, television programs, and media and entertainment businesses, although this was slightly offset by the growth in theater operating income compared to the previous fiscal year. The comprehensive loss for the year significantly decreased, mainly due to (i) the reversal of impairment losses on right-of-use assets and properties, plants, and equipment during the review year, whereas significant impairment losses had been recognized on these assets in the previous fiscal year; (ii) a reduction in depreciation of right-of-use assets and properties, plants, and equipment, as these assets had been subject to impairment losses in the previous fiscal year; and (iii) an increase in revenue from successfully negotiating rent reductions and restructuring leases with landlords
