Kuke Music Hldg Ltd Stock Price, News & Analysis

Kuke Music Holding Limited (NYSE: KUKE) announced initial screenings of the 16th International Beethoven Piano Competition across five cities in China, celebrating Beethoven's 251st birthday. The screenings, sponsored by Kuke and Naxos, will be held from November 6 to November 7 at Lumiere Pavilions. CEO He Yu highlighted Kuke's commitment to inspire future pianists in China and leverage its strong position in classical music to deliver innovative content. Kuke provides access to extensive classical music resources and aims to enhance music learning through its AI system, KUKEY.

Kuke Music Holding Limited (NYSE: KUKE) will release its unaudited financial results for Q3 2021 on November 29, 2021, before U.S. markets open. The earnings report will be accessible on the Company’s investor relations website. A conference call will follow on the same day at 7:30 A.M. ET to discuss the results, accessible via multiple international dial-in numbers. Kuke, a leading music provider in China, integrates content provision and music learning services, offering subscription services to over 700 educational institutions and hosting the renowned Beijing Music Festival.

Kuke Music Holding Limited (NYSE: KUKE) announced the 24th Beijing Music Festival (BMF), running from October 9 to October 24, 2021. The festival will feature 20 main concerts across various genres, including symphonic and opera music, alongside children's concerts and master classes. Mr. Long Yu emphasized the importance of showcasing young talent, while CEO He Yu highlighted the festival's role in enhancing appreciation for classical music. Kuke continues to lead in providing classical music content and education in China, collaborating with over 700 institutions.

Kuke Music Holding Limited (NYSE: KUKE) reported impressive second-quarter financial results for 2021, with total revenue soaring by 732% to RMB84.1 million (US$13.0 million). Revenue from smart music learning solutions surged 34.2 times to RMB20.7 million (US$3.2 million). Despite a loss of RMB11.4 million (US$1.8 million), non-IFRS profit reached RMB18.3 million (US$2.8 million). The company expanded its collaborations with over 4,500 kindergartens and launched more than 20,000 smart pianos. Kuke aims to achieve a revenue target of no less than RMB400 million (US$61.05 million) for 2021.

Kuke Music Holding Limited (NYSE: KUKE) announced a strategic agreement with People's Music Publishing House on July 23, 2021, to establish the People's Music & Naxos Global Platinum Record Program in China. This partnership aims to elevate Chinese classical music globally and enhance music education through interdisciplinary curriculum development. Kuke, leveraging its extensive licensing from over 900 record companies, will collaborate with People's Music to create smart music education resources and promote classical music literacy among students.

Kuke Music Holding Limited, a leader in AI-driven music education and classical music content in China, will release its unaudited financial results for Q2 2021 on August 4, 2021, before U.S. market opening. The results will be discussed in a conference call at 7:30 A.M. U.S. Eastern Time the same day. Kuke collaborates with Naxos, providing access to over 900 record companies and offering music licensing and subscription services to over 700 institutions. Kuke's proprietary AI system aims to enhance music education accessibility and efficiency.

Kuke Music Holding Limited (NYSE: KUKE) announced a share repurchase program, authorizing up to US$1 million in buybacks by December 31, 2021. This initiative aims to bolster shareholder value and reflects management's confidence in the company's long-term growth potential. Repurchases will occur in the open market or through privately negotiated deals, funded by existing cash reserves. CEO He Yu emphasized the commitment to enhance shareholder value while pursuing business growth.

Kuke Music Holding Limited (NYSE: KUKE) announced the inclusion of its KUKEY Lessons in China's pre-school music education curriculum, now deployed in over 4,000 kindergartens. KUKEY leverages AI and a vast classical music library, improving music education's efficiency and cost-effectiveness. The initiative aims to increase music literacy and participation, with plans to expand to 10,000 kindergartens by year-end. Kuke emphasizes its unique approach, integrating content and technology to enhance learning experiences and address the challenges in traditional music education.

Kuke Music Holding Limited (NYSE: KUKE) reported a robust 85.0% revenue increase for Q1 2021, reaching RMB11.4 million (US$1.7 million), driven by a remarkable 786.9% surge in smart music education revenue. However, licensing and subscription revenue declined by 14.5% to RMB4.6 million (US$0.7 million). The company posted a loss of RMB37.0 million (US$5.5 million), slightly better than last year's loss of RMB37.4 million. With ongoing expansion in education services, Kuke expects full-year revenue to exceed RMB400 million (US$61.05 million).