On June 17, China Ruyi Holdings fell 5.1% in regular trading, trading at HKD 1.5/share, with turnover of approximately HKD 38 million.

On the news front, the company's joint strategic launch event with Ruyi Film, held on June 16 in Shanghai, has now concluded. The market is exhibiting classic sell-the-news behavior following the event that had previously driven the stock up over 8% on June 15. Additionally, affiliate Ruyi Film disclosed Q1 net profit of RMB 86.91 million, representing a year-over-year decline of approximately 89.53%, with revenue falling 36.33% to RMB 2.998 billion. Operating cash flow also dropped 84.81% year-over-year. Ruyi Film simultaneously announced a share buyback plan of RMB 80 million to RMB 150 million to stabilize its stock price, signaling fundamental pressure.

The sharp earnings deterioration at the affiliated A-share entity has triggered contagion concerns for China Ruyi Holdings. The company operates the Pumpkin Film streaming platform and Jingxiu gaming brand, with online gaming services now contributing approximately 64.3% of total group revenue.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)