BJCT expects a net loss of 133 million to 196 million yuan for the fiscal year 2024

According to the Zhitong Finance APP, Beijing Culture (000802.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of the listed company between 133 million yuan and 196 million yuan for the entire year. During the reporting period, the company adjusted its business layout considering market industry conditions and its own development, increasing investment in TV dramas and online dramas as well as performance and entertainment businesses, concentrating resources on key film and television projects. The company's film works in 2024 mainly include: movies such as "Twinkling Stars," "Traveling Through the Moon," "A Small Shop by the Cloud," "Under the Human," "749 Bureau," and others; online dramas include "Summer Splendor," "You Are More Beautiful Than Starlight," "Er Long Lake: 'Village' Blossoms," "Pearl Curtains and Jade Curtains," "Good Luck Home," and others; performance and entertainment projects include "Douyin Jump Music Festival," "Rainie Yang's Guangzhou Concert," "Liu Genghong's Chengdu Concert," and others. The company's operating revenue in 2024 is expected to decrease compared to the same period last year, mainly due to the overall decline in the film market, some of the company's film projects underperforming at the box office, and the scheduling of the film "Fengshen Part Two: The Battle of Xiqi," leading to a decrease in film business revenue compared to the same period last year; the net profit attributable to shareholders of the listed company is expected to reduce losses compared to the same period last year, mainly due to the provision for estimated liabilities in the same period last year