China's Ruyi (00136) adjusted net profit of 952 million yuan in the first half of the year focused on the core circuit to deepen industrial collaboration and value release

According to the Zhitong Finance App, China Ruyi (00136) announced interim results for the six months ended June 30, 2026. The group achieved revenue of 1,183 million yuan, a year-on-year decrease of 46.38%; adjusted net profit of 952 million yuan, a year-on-year decrease of 26.93%; and a basic profit of 0.05 yuan per share.

In the first half of 2026, the Group anchored medium- to long-term development plans, concentrated on improving quality and efficiency, and establishing a foundation for sustainable management.

Performance adjustments during the reporting period were mainly affected by the project cycle and strategic investment: on the one hand, revenue recognition in the Group's film, television and game business was affected by the project production, distribution and launch cycle. Some key projects were still in the production, distribution or pre-launch stage during the reporting period. Relevant investments and part of the costs were incurred during the reporting period, and revenue and profit contributions are expected to be reflected in the second half of the year. On the other hand, the Group continues to increase its strategic investment in leading quality content, AI technology research and development, the world's top IP reserves, and industrial chain integration. Relevant investments have not been fully converted into revenue contributions during this reporting period. As of the date of this report, “Eight Immortals!” “Welcome to Dragon Restaurant” has been screened and achieved good market performance. “The Master of the Immortal Realm” has been officially launched, and other key film, television and game projects are progressing according to plan.

During the reporting period, the Group was based on the main business development plan, and the preferential layout was high-quality enterprises that can be deeply linked to the Group's existing business to help improve the quality and efficiency of the core business and broaden growth boundaries.

The Group's strategic investment layout for “Ruyi Film & Entertainment Co., Ltd.” (formerly Wanda Film, hereinafter referred to as “Ruyi Film”) has entered a stage of deep integration and brand renewal, which has integrated the entire industry chain from content creation and production to terminal screening. Ruyi Film continues to deepen its “super scene+super IP” strategy, deeply linking its own film and television production and game resources with Ruyi Film's national theater network, significantly improving the efficiency of converting high-quality content into commercial value, and continuously expanding the influence and life cycle of IP.

In order to seize the strategic opportunity of “AI+ content”, the Group strategically invested in Aishi Technology, a leading global AI video company, to build a “technology+industry” two-way enabling system. The two sides will promote collaborative implementation from multiple dimensions: at the strategic level, the Aishi Technology core team will help the Group's intelligent transformation; at the technical application level, focus on the in-depth application of AI in the fields of film and television special effects, promotion, and game scene optimization to improve efficiency and content quality; at the level of innovation and expansion, relying on the Group's rich IP resources combined with AI technology to jointly develop multi-modal agents to explore the next generation of interactive content forms.

By participating in external industrial funds, the Group lays out high-quality startups upstream and downstream of the industrial chain, explores innovative targets in content, IP development, and game-related industries through fund managers, and opens up upstream and downstream collaborative links. This model effectively broadens the company's industry layout boundaries, continuously strengthens its own industrial collaboration capabilities and long-term competitive barriers, and injects external vitality into the innovation and development of the main business.