Kuke Music Holding Limited Reports First Quarter 2021 Unaudited Financial Results
b'BEIJING, May 20, 2021 /PRNewswire / -- Kuke Music Holding Limited ("Kuke" or the "Company")(NYSE: KUKE), a leading provider of classical music licensing, subscription, and education services in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.\nTotal revenue increased by 85.0% to RMB11.4 million (US$1.7 million) from RMB6.2 million in the same period of 2020.\nSmart music education revenue increased by 786.9% to RMB6.8 million (US$1.0 million) from RMB0.8 million in the same period of 2020.
- b'BEIJING, May 20, 2021 /PRNewswire / -- Kuke Music Holding Limited ("Kuke" or the "Company")(NYSE: KUKE), a leading provider of classical music licensing, subscription, and education services in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.\nTotal revenue increased by 85.0% to RMB11.4 million (US$1.7 million) from RMB6.2 million in the same period of 2020.\nSmart music education revenue increased by 786.9% to RMB6.8 million (US$1.0 million) from RMB0.8 million in the same period of 2020.
- The number of Kuke smart pianos that the Company had placed in collaborating kindergartens was more than 11,000.\nMr.
- He Yu, Chief Executive Officer of Kuke, commented, "We achieved strong revenue growth for the first quarter, as revenue increased by 85.0% year over year to RMB11.4 million.
- Growth was mainly driven by our smart music education business which grew 7.9 times from the same period of last year.