---
title: "ST CIH released its 2024 annual performance, with a net loss attributable to shareholders of 912 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/235217596.md"
description: "CIH released its 2024 annual report, with revenue of 397 million yuan, a year-on-year decrease of 34.85%; net loss attributable to shareholders was 912 million yuan, a year-on-year narrowing. The company has been affected by external environment, with continuous losses in cinema and film business, and a decline in revenue from the gaming sector. To improve operations, the company focuses on its main business, implements cost reduction and efficiency enhancement measures, optimizes asset structure, and promotes judicial reorganization. By the end of 2024, net assets are expected to be 1.116 billion yuan, with cash and cash equivalents of 988 million yuan, significantly enhancing operational capabilities"
datetime: "2025-04-09T11:45:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/235217596.md)
  - [en](https://longbridge.com/en/news/235217596.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/235217596.md)
generator: "portal-rs"
---

# ST CIH released its 2024 annual performance, with a net loss attributable to shareholders of 912 million yuan

According to the Zhitong Finance APP, \*ST CIH (600715.SH) disclosed its 2024 annual report, stating that during the reporting period, the company achieved revenue of 397 million yuan, a year-on-year decrease of 34.85%; the net profit attributable to shareholders was a loss of 912 million yuan, a year-on-year narrowing; the net profit excluding non-recurring items was a loss of 735 million yuan, also a year-on-year narrowing; basic earnings per share were -0.24 yuan.

In recent years, affected by external environmental factors, the domestic film industry has suffered significant impacts, and the company's cinema and film segments have continued to incur losses for several years; the gaming segment's business has also shown a declining trend in revenue and profit due to the lifecycle of existing products entering the mid-to-late stage and the slower-than-expected launch of new products. As a result of these factors, the company's financial costs and the scale of asset impairments have increased simultaneously, leading to significant losses over the past three years.

In 2024, the company will fully focus on the development of its main business, continuously improve operational efficiency by implementing comprehensive budget management, optimizing personnel structure, and reducing unnecessary expenses to effectively control operating costs; strictly compressing investment scale in non-core areas, concentrating resources to support the development of the main business, and continuously optimizing the asset structure, achieving positive results on both the asset and operational fronts. At the same time, the company is actively promoting judicial reorganization to achieve the concentrated disposal of inefficient assets, retaining core quality assets, and introducing incremental funds to support high-quality development. By the end of 2024, the company's net assets attributable to shareholders of the listed company reached 1.116 billion yuan, turning from negative to positive, with a significant optimization of the asset-liability structure; cash and cash equivalents amounted to 988 million yuan, rapidly restoring and effectively enhancing its ability to continue operations

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**