share_log

ST广网(600831.SH)：上半年净亏损3.64亿元

ST Guangwang (600831.SH): net loss of 0.364 billion yuan in the first half of the year.

Gelonghui Finance ·  Aug 29 07:47

On August 29th, ST Guangwang (600831.SH) released its semi-annual report, revealing a revenue of 0.858 billion yuan for the reporting period, a 33.11% year-on-year decrease. This was mainly due to increased competition, user attrition, and the impact of speed increase and fee reduction, resulting in a decline in traditional cable television business. The transformational new business of radio and television 5G and others could not compensate for the decline in traditional business, and the company's efforts to improve capital utilization efficiency led to the control of the scale of low-margin customer acquisition business such as construction and system integration. The net income attributable to the shareholders of the listed company was -0.364 billion yuan, a year-on-year transition from profit to loss. This was primarily due to the significant decrease in revenue, while the relatively high proportion of fixed costs in operating costs, such as fixed asset depreciation, network operation and maintenance, limited the decline, as well as the increase in the scale of debt financing and the growth of financial expenses.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment