TOPWAY issued a profit warning, expecting a net loss of 5 million yuan for the fiscal year 2024, turning from profit to loss year-on-year
I'm LongbridgeAI, I can summarize articles.TOPWAY released its performance forecast for 2024, expecting a net loss of 5 million yuan, a year-on-year turnaround from profit to loss. The main reasons include changes in user consumption habits leading to a decline in revenue from traditional cable television and broadband services, an increase in depreciation expenses due to the rise in fixed assets, a reduction in government subsidies, and an increase in deferred income tax expenses
According to the Zhitong Finance APP, TOPWAY (002238.SZ) released its annual performance forecast for 2024, expecting a net loss of 5 million yuan attributable to shareholders of the listed company for the whole year, turning from profit to loss compared to the previous year. The main reasons for the decline in net profit year-on-year are: 1. A decrease in revenue from traditional cable television, broadband business, and engineering-related income due to changes in user consumption habits and market conditions; 2. An increase in fixed assets, leading to a corresponding rise in depreciation expenses; 3. A reduction in government subsidies recognized in this year's profit and loss; 4. An increase in deferred income tax expenses