Huanxi Media Group Limited provided consolidated earnings guidance for the six months ended 30 June 2023. For the period, the company expects the revenue for the Period will increase significantly to approximately of HKD 1,400,000,000 (30 June 2022: HKD 14,573,000), sharply increase approximately of 96 times; and to record a turnaround from loss to profit, a net profit for the Period approximately of HKD 400,000,000 (30 June 2022: net loss of HKD 93,579,000). For the corresponding period of previous year, as the operational rate of cinema in China was adversely affected by the pandemic, the Group postponed screenings of some blockbusters invested by the Group, resulting in a decrease in the Group's revenue and recording a loss for the corresponding period of previous year.

For the Period, optimising related anti-pandemic works, the film industry has been steadily recovering, the Group can debut its film in cinema circuits as usual, resulting in an increase in the Group's revenue and recording a profit.