欢喜传媒二零二五年中期报告

()(Incorporated in Bermuda with limited liability)Stock Code : 1003 CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Dong Ping(Chairman) (resigned on 27 July 2025)Mr. Xiang Shaokun, Steven(Chief Executive Officer)Ms. Hu Hui(appointed on 27 July 2025) Non-Executive Directors Mr. Ning HaoMr. Xu ZhengMs. Li Ni Independent Non-Executive Directors Mr. Wong Tak ChuenMr. Li XiaolongMr. Wang Hong AUDIT COMMITTEE Mr. Wong Tak Chuen(Chairman)Mr. Li XiaolongMr. Wang Hong REMUNERATION COMMITTEE Mr. Wang Hong(Chairman)Mr. Dong Ping(resigned on 27 July 2025)Ms. Hu Hui(appointed on 27 July 2025)Mr. Li Xiaolong NOMINATION COMMITTEE Mr. Wang Hong(Chairman)Mr. Dong Ping(resigned on 27 July 2025)Ms. Hu Hui(appointed on 27 July 2025)Mr. Li Xiaolong INDEPENDENT AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor CORPORATE INFORMATION REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10, Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10, Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN HONG KONG 1611 11th FloorFar East Finance Centre16 Harcourt RoadAdmiralty, Hong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Ocorian Services (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10, Bermuda Ocorian Services (Bermuda) LimitedVictoria Place, 5th Floor31 Victoria StreetHamilton HM 10, Bermuda HONG KONG BRANCH SHARE REGISTRAR ANDTRANSFER OFFICE 18317M Computershare Hong Kong Investor Services Limited17M FloorHopewell Centre183 Queen’s Road EastWanchai, Hong Kong STOCK CODE 1003 1003 WEBSITES www.huanxi.comwww.irasia.com/listco/hk/huanximediawww.huanximedia.com www.huanxi.comwww.irasia.com/listco/hk/huanximediawww.huanximedia.com INVESTOR RELATIONS CONTACT info@huanxi.com info@huanxi.com MANAGEMENT DISCUSSION AND ANALYSIS BUSINESS AND OPERATION REVIEW Huanxi Media Group Limited (the “Company” or “Huanxi Media”,together with its subsidiaries, collectively, the “Group”) reviewedthe first half of 2025, the Chinese film market as a whole remainedin an adjustment phase, with box office performance continuing tobe weak and off-peak periods recording elevated vacancy rates.Although government initiatives such as the “China Film ConsumptionYear” program were launched in response to changing audienceconsumption habits, the film market has not yet been fully revived,reflecting weaker-than-expected recovery momentum. • In the face of a challenging market environment, the Group closelymonitored the market situation and flexibly adjusted the pace ofreleasing its films, while maintaining a sufficient reserve of filmand television content. This enabled the Group to prepare for therevitalisation of the film and TV industry. During the period, the GroupreleasedShe’s Got No Name (•), directed by Chan Ho SunPeter and starring Zhang Ziyi and Lei Jiayin. The feature film is adaptedfrom one of the four major sensational cases of the Republic of Chinaand became one of the most talked about works during the summerholiday movie season. In July 2025, the Group launchedThe Stage(), written and directed by Chen Peisi and starring Huang Bo andChen Peisi, etc., which was also one of the audience favorites in thesummer blockbuster lineup. Vincent Cassel• In addition, the Group actively prepared and completed postproduction work or obtained release license for several films, includingLi Na (•), directed by Chan Ho Sun Peter and starring Hu Ge,Vincent Cassel, and Hao Lei, andUnspoken (), directed byChen Daming and starring Zhang Hanyu, etc. The Group believes thatits rich and diverse reserve of films, created by renowned directorsand featuring impressive casts, will win the favor of audiences. Regarding the online video platform “huanxi.com”, the Groupcontinued to expand its video content, including the addition ofCottontail (), a heartfelt family story starring renownedJapanese actor Lily Franky and co-produced by Japan and the UnitedKingdom;The Little Gang (), a justice-themed adventure filmtold from a child’s perspective;Eiffel (), which receivedthree nominations at the French film César Awards and chronicles thehistory of the world-famous architectural landmark and the legendarylife of its architect, Gustave Eiffel;My Brothers and I (), which premiered in the Un Certain Regard section at the CannesFilm Festival and was nominated for a Golden Camera, telling the storyof a teenager’s dream of pursuing Italian opera;Incredible But True(), a grotesque masterpiece directed by talentedFrench director Quentin Dupieux, which was given a special screeningat the Berlin Film Festival; andThe Braves (), a feature film aboutsisterhood that premiered in the Directors’ Fortnight at Cannes. (Cottontail)( T h eL i t t l e G a n g )( C é s a rA w a r d s )( E i f f e l )(My Brothers and I)Quentin Dupieux(Incredible ButTrue)(The Braves) MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW Review of Result