Creative China Holdings Limited released audited results for the year ended 31 December 2025.

Revenue and Profitability • Revenue fell 6.6% year-on-year to RMB 141.21 million, attributable to fewer script copyrights and programmes sold. • Gross profit climbed 14.8% to RMB 54.94 million; gross margin improved to 38.9% (2024: 31.7%), reflecting lower direct costs in serial programme/film production. • Net profit attributable to shareholders jumped 83.4% to RMB 44.64 million, supported by a RMB 4.06 million gain on disposal of subsidiaries and a RMB 2.51 million net reversal of ECL provisions. • Basic and diluted EPS rose to 7.73 RMB cents (2024: 4.28 RMB cents).

Segment Performance Serial programme/film production and film rights investment remained the core business, generating 99.5% of group revenue (RMB 140.55 million). Concert and event income contributed RMB 0.25 million, while live-streaming e-commerce added RMB 0.41 million. Artist management recorded no revenue in 2025.

Cost and Expense Dynamics • Direct costs dropped 16.5% to RMB 86.27 million. • Selling and distribution expenses decreased 16.7% to RMB 1.93 million. • Administrative expenses contracted 31.3% to RMB 13.61 million, mainly due to the absence of intangible-asset amortisation recorded in 2024. • Finance costs were largely stable at RMB 1.00 million.

Balance Sheet Highlights • Total assets reached RMB 456.74 million (2024: RMB 410.86 million). • Net current assets stood at RMB 350.17 million; current ratio strengthened to 4.33x (2024: 3.94x). • Cash and cash equivalents were RMB 11.63 million. • Total borrowings (bank loans plus related-party and director loans) were RMB 36.96 million, resulting in a gearing ratio of 7.2% (2024: 6.6%).

Cash Flow and Commitments Capital expenditure during the year totalled RMB 0.96 million. Outstanding capital commitments amounted to RMB 22.60 million at year-end. The board declared no dividend for FY2025.

Taxation Income-tax expense increased to RMB 0.88 million, mainly from PRC enterprise income tax; certain subsidiaries in the Khorgas special economic area continue to enjoy preferential tax exemptions.

Outlook Management aims to deepen cooperation in film and television IP creation, expand immersive experience centres, and develop live-streaming e-commerce partnerships to drive future growth.