Wasu Media issued a profit warning, projecting a net profit of 450 million to 510 million yuan for the year 2024, a decrease of 25.98% to 34.69%
I'm LongbridgeAI, I can summarize articles.Wasu Media released its performance forecast for 2024, expecting a net profit of between 450 million and 510 million yuan, a year-on-year decrease of 25.98% to 34.69%. The company will advance its business plan around the "Five Major Integrations," focusing on reform and innovation to promote sustainable high-quality development. The expected decline in net profit is attributed to a decrease in revenue from digital television business, a decline in gross profit margin for some businesses, and increased R&D investment
According to the Zhitong Finance APP, Wasu Media (000156.SZ) released its performance forecast for 2024, expecting a net profit attributable to shareholders of the listed company to be between 450 million yuan and 510 million yuan, a year-on-year decrease of 25.98% to 34.69%.
In 2024, the company will focus on the theme of "Winning at the Turning Point, Laying the Foundation for Twenty Years," actively promoting the integration of five major areas: system, technology, media, fixed and mobile, and culture, around its business plan. It will deepen the implementation of five major plans: comprehensive "renewal" of the mass market, breakthrough "leap" in the government and enterprise market, courageous "expansion" in the national market, "phoenix" rebirth of latecomer enterprises, and collaborative cooperation of non-subsidiaries in "landscape poetry road." The company will focus on balancing reform and innovation, development and security, as well as foundation building and transformation, actively cultivating new productive forces in the fields of smart broadcasting and digital economy, and promoting the sustainable high-quality development of the listed company.
During the reporting period, the company expects the decline in net profit to be mainly due to the decrease in revenue from digital television business, the decline in gross profit margin of certain businesses, and increased R&D investment