TOPWAY issued a profit warning, expecting a net loss attributable to the parent company of 23.5 million to 33.5 million yuan in the first half of the year
I'm LongbridgeAI, I can summarize articles.TOPWAY expects a net loss attributable to the parent company of RMB 23.5 million to RMB 33.5 million in the first half of 2025, with a net loss of RMB 36.55 million to RMB 47.25 million after deducting non-recurring gains and losses. The company's revenue and profit have decreased year-on-year due to market competition, a decline in basic business income and profits, and a reduction in building coverage projects
According to the Zhitong Finance APP, TOPWAY (002238.SZ) disclosed its performance forecast for the first half of 2025, expecting a net loss attributable to shareholders of the listed company of between 23.5 million yuan and 33.5 million yuan; the net loss attributable to shareholders of the listed company after deducting non-recurring gains and losses is expected to be between 36.55 million yuan and 47.25 million yuan.
Affected by intense market competition, the revenue and profit from the company's basic businesses such as cable television, broadband, and transmission fees have decreased. The revenue and profit from building coverage projects have also decreased year-on-year