BGCTV's net loss attributable to the parent for the year 2024 is 72.55 million yuan
I'm LongbridgeAI, I can summarize articles.BGCTV released its 2024 annual performance preliminary report, with operating revenue of 2.314 billion yuan, a year-on-year decrease of 4.92%; net loss attributable to the parent company was 72.55 million yuan, an increase of 99.87 million yuan compared to 2023. The main reasons include an increase in asset impairment provisions and a decline in the performance of joint ventures, while industry downturn and intensified market competition led to a decrease in basic cable television subscription fees, channel transfer income, and advertising revenue
According to the Zhitong Finance APP, BGCTV (600037.SH) disclosed its performance report for the year 2024. In 2024, the company achieved operating revenue of 2.314 billion yuan, a year-on-year decrease of 4.92%; it recorded a net loss attributable to shareholders of the listed company of 72.55 million yuan, an increase of 99.87 million yuan compared to the same period in 2023.
The main reason for the significant change in the net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses, is the increase in asset impairment provisions compared to the previous year, and the decline in the operating performance of joint ventures. At the same time, affected by industry downturns and intensified market competition, the company's basic cable television subscription fees, channel transfer income, and advertising revenue have all decreased