According to the announcement from CTCG (600358.SH), the company expects to achieve a net loss attributable to the owners of the parent company of between 77 million yuan and 55 million yuan for the year 2024, which represents an increase in losses compared to the same period last year, which was a loss of 12.5332 million yuan.

The main reasons for the expected loss are: (1) Impact on main business, as the holding subsidiary Beijing New Line Zhongshi Cultural Communication Co., Ltd. has experienced a decline in operating income compared to the same period last year due to intensified market competition, and the gross profit margin has decreased due to changes in media policies from suppliers, leading to losses for New Line Zhongshi in this period. (2) Impact of non-recurring gains and losses, as the company recognized a relocation subsidy of 12 million yuan for listed companies in the previous period after meeting the revenue recognition conditions according to the subsidy document, with no related matters occurring in this period