BGCTV issued a profit warning, expecting a net loss attributable to the parent company of between 7.9662 million yuan and 11.9494 million yuan for the first half of the year
BGCTV expects a net loss attributable to shareholders of RMB 7.9662 million to RMB 11.9494 million in the first half of 2025, with a net loss of RMB 21.8057 million to RMB 25.7888 million after deducting non-recurring gains and losses. The performance loss is mainly due to the downturn in the cable television industry, leading to a decline in viewing maintenance fees and channel revenue
According to the Zhitong Finance APP, BGCTV (600037.SH) disclosed its performance forecast for the first half of 2025, expecting a net loss attributable to shareholders of the parent company ranging from 7.9662 million yuan to 11.9494 million yuan; the company anticipates a net loss attributable to shareholders of the parent company, excluding non-recurring gains and losses, ranging from 21.8057 million yuan to 25.7888 million yuan for the first half of 2025.
The main reason for the company's anticipated performance loss during the reporting period is the downturn in the cable television industry, which has led to a decline in cable television viewing maintenance fees and channel transfer income, ultimately resulting in a net profit loss for the company
