Earnings ProspectsAnalyst recommends maintaining a BUY rating on the strong earnings prospect and southbound fund inflow.
Music Business GrowthThe company's strong music business is driven by subscriber growth, with online music services revenue increasing by 16% YoY.
ProfitabilityAdjusted net profit grew by 108% YoY to RMB1.70bn, 20% ahead of consensus estimates, mainly thanks to the improved profitability of online music business and effective opex control.