G.H.Y CULTURE & MEDIA HOLDING Reports Q2 Earnings Results for 2023
August 15, 2023
🌥️Earnings Overview
G.H.Y CULTURE & MEDIA HOLDING ($SGX:XJB) announced their financial results for the quarter ending June 30 2023, on August 7 2023. Their total revenue increased by 58.5%, resulting in SGD 32.7 million, in comparison to the same period of the previous year. Net income was recorded at SGD -1.7 million, which is an improvement over the -1.4 million reported in the same quarter of the year before.
Market Price
Despite this strong opening, the stock price steadily declined throughout the day, eventually closing at SG$0.4, representing a 1.4% drop from its previous closing price of SG$0.4. The report revealed that G.H.Y CULTURE & MEDIA HOLDING had made significant advancements in its core media and culture business, as well as its other investments. Overall, G.H.Y CULTURE & MEDIA HOLDING’s Q2 report was a positive one for investors, as the company continued to show growth in its core business. However, even with this positive news, G.H.Y CULTURE & MEDIA HOLDING’s stock price still declined slightly due to market uncertainty and potential shifts in investor confidence in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for XJB. More…
| Total Revenues | Net Income | Net Margin |
| 57.78 | -9.71 | -15.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for XJB. More…
| Operations | Investing | Financing |
| 8.85 | -5.74 | 8.77 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for XJB. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 175.16 | 43.31 | 0.12 |
Key Ratios Snapshot
Some of the financial key ratios for XJB are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | -28.0% | -15.8% |
| FCF Margin | ROE | ROA |
| 12.8% | -4.2% | -3.3% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of G.H.Y CULTURE & MEDIA HOLDING’s financials. After assessing the company’s financial and business aspects, we have come to the conclusion that G.H.Y CULTURE & MEDIA HOLDING is a high risk investment. We have identified two risk warnings in the balance sheet and cashflow statement for G.H.Y CULTURE & MEDIA HOLDING, and this information is available for registered users on our website. If you are looking to invest in G.H.Y CULTURE & MEDIA HOLDING, we highly recommend that you become a registered user so that you can access this critical information before making your decision. More…
Peers
The competition between GHY Culture & Media Holding Co Ltd and its competitors Vividthree Holdings Ltd, Noontalk Media Ltd, Hengdian Entertainment Co Ltd is fierce, as all of these companies operate in the same industry and strive to be the top players in the market. Each company is constantly competing to gain the upper hand in terms of market share, product offering, and customer satisfaction. As a result, the competition between these firms is intense and intense competition often leads to innovation and progress in the industry.
– Vividthree Holdings Ltd ($SGX:OMK)
Vividthree Holdings Ltd is a multi-faceted digital media solutions provider for the entertainment industry, offering a range of creative services, digital marketing tools, and mobile content solutions. As of 2023, the company has a market cap of 12.26M and an Return on Equity of -14.14%. This suggests that the company is struggling to generate sufficient returns for its shareholders through its operations, potentially due to high overhead costs or low revenue generation. Nevertheless, the company remains a leader in the entertainment industry, providing superior digital services for its clients.
– Noontalk Media Ltd ($SGX:SEJ)
Noontalk Media Ltd is a media company that specializes in the development and production of gaming and entertainment content. As of 2023, the company has a market cap of 21.78 million and a Return on Equity of -19.03%. The market cap is an indication of the company’s size and potential, and it is currently valued at around 21.78 million. The company’s Return on Equity displays the profitability of its operations, and the -19.03% indicates that the company is operating at a net loss. Noontalk Media Ltd is actively seeking new avenues for growth in order to turn a profit in the future.
– Hengdian Entertainment Co Ltd ($SHSE:603103)
Hengdian Entertainment Co Ltd is a leading Chinese film and television production and entertainment company based in Hengdian, China. As of 2023, the company has a market capitalization of 12.25B. Its Return on Equity (ROE) is -5.41%. This means that for every dollar of its shareholders’ equity, the company produces an operating loss. The company is mainly engaged in the production and distribution of film and television programs, and is one of the leading players in the Chinese entertainment industry. It is also involved in the production of theme parks, as well as other related services.
Summary
G.H.Y CULTURE & MEDIA HOLDING reported strong financial results for the second quarter ending June 30 2023, with total revenue increasing 58.5% to SGD 32.7 million and net income improving to SGD -1.7 million. Investors can take comfort from the improved profitability in what is historically a difficult period, and are likely to welcome the healthy increases in revenue going forward.
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