Ruyi Film issued a profit warning, projecting a net loss of 120 million to 180 million yuan for the first half of 2026, compared with a profit of 536 million yuan in the same period last year, representing a year-on-year decline of 122.4 percent to 133.6 percent. The company said its directly operated domestic cinemas generated box-office revenue of 2.55 billion yuan in the first half, down 39.4 percent year on year, with admissions of 55.357 million, down 32.8 percent. Due to high fixed costs at cinemas, the domestic theatre business recorded a periodic loss in the second quarter. Although market share rose by 2.1 percentage points year on year, the pullback in industry-wide moviegoing demand still created a revenue shortfall. To bolster confidence, the company has launched successive buyback programmes. The first phase has completed nearly 149 million yuan in repurchases, and the second phase plans to buy back between 150 million and 300 million yuan.
Wanda Cinema Line CorpIndustry-wide box-office slump reduces moviegoing demand, affecting all cinema chains including Wanda.