Alibaba Pictures Group Limited provided consolidated earnings guidance for the financial year ended March 31, 2022. For the period, the company is expected that the Group will record a net profit attributable to owners of the Company of not less than RMB 40 million for the financial year ended March 31, 2022, as compared with a net loss attributable to owners of the Company of approximately RMB 96 million for the financial year ended March 31, 2021. The expected net profit as mentioned above was primarily attributable to the combination of factors including: the Group's accumulated investment in the fields of content, technology as well as IP merchandising and commercialization in recent years has driven the Group's business to continue to advance steadily during the period affected by the COVID-19 pandemic; for the financial year ended March 31, 2022, the Group's overall revenue will increase by more than 20% as compared with that for the last financial year, the gross profit (net of marketing expenses) will remain relatively stable as compared with that for the last financial year, and one-off other equity investment gains will be recorded.