Beijing Gehua CATV Network (600037.SH) announced that it is expected to achieve net income attributable to the parent company shareholders in the first half of 2024...
According to the announcement by Gehua Cable (600037.SH), the net income attributable to the parent company shareholders for the first half of 2024 is expected to be a loss between 38.5851 million yuan and 56.6867 million yuan. The net income attributable to the parent company shareholders for the same period of the previous year was a loss of 0.107 billion yuan.
The main reason for the company's expected loss in performance during the reporting period is that the maintenance fees for cable TV viewing, revenue from information business and channel transfer income have declined, while the operating costs such as program content fees and technical service fees have increased. At the same time, the fair value of the financial assets held by the company has decreased, resulting in a decline in the company's net income.