Playmates Holdings Limited provided group earnings guidance for the six months ended 30 June 2023. For the period, the company expects the unaudited revenue of the Group is approximately HKD 427 million as compared to HKD 379 million for the corresponding period in 2022. The Group is expected to report a net profit of approximately HKD 139 million for the six months ended 30 June 2023, as compared to a net loss of HKD 59 million during the prior year period.

The profit for the six months ended 30 June 2023 was mainly attributable to: (1) an unrealized revaluation surplus of approximately HKD 4 million arising from the revaluation of the Group's investment properties, as compared to a revaluation deficit of HKD 106 million for the corresponding period in 2022; and (2) the performance of the Company's major subsidiary, Playmates Toys group. The revenue of the Playmates Toys group is approximately HKD 347 million as compared to HKD 267 million for the corresponding period in 2022. The Playmates Toys group expects to report a net profit of approximately HKD 87 million as compared to a net loss of HKD 1.4 million for the corresponding period in 2022.

The favorable comparison was mainly driven by: (i) initial shipments of its "Teenage Mutant Ninja Turtles" toy line supported by the global release of "Teenage Mutant Ninja Turtles: Mutant Mayhem" animated movie in August 2023; and (ii) an unrealized net gain of approximately HKD 14 million and a realized net gain of approximately HKD 2 million on its treasury investment in listed equity securities for the six months ended 30 June 2023, as compared to an unrealized net loss of HKD 26 million recorded for the corresponding period in 2022.