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Hubei Radio & Television Information Network: 2024 Interim Performance Forecast
Hubei Radio & TV to Fund AI Computing Project
Hubei Radio & Television Information Network Co., Ltd.'s (SZSE:000665) Popularity With Investors Is Under Threat From Overpricing
Hubei Radio & Television Information Network (000665.SZ): intends to jointly invest with Huaxinxin to build the Optics Valley Intelligent Computing Center.
On June 12, Gelunhui reported that Hubei Radio & Television (000665.SZ) plans to use its existing data center computer room (located in Building 1 of Changjiang Cultural and Creative Industry Park in Hubei Broadcasting and Television Media Base) and network transmission architecture resources to support the need for China Radio and Television's core nodes and layout arrangements in broadcasting 5G + Beidou, national cultural big data, broadcasting VR and other aspects based on its recognition of the future development trend of AI computing power and as a platform and carrier with the company's wholly-owned subsidiary, Hubei Radio & Television Network Digital Technology Co., Ltd. (referred to as "Shuke Company"), and Wuhan Huaxinxin Equity Investment Group Co., Ltd. (referred to as "Huaxinxin").
Hubei Radio and Television (000665.SZ): Net loss of 101 million yuan in the first quarter
On April 29, Ge Longhui (000665.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 451 million yuan, down 8.09% from the previous year; net profit attributable to shareholders of listed companies - 101 million yuan; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 103 million yuan; basic earnings per share - 0.09 yuan.
Hubei Radio and Television (000665.SZ) reported 2023 annual results, with a net loss of 647 million yuan, an increase in year-on-year losses
According to the Zhitong Finance App, Hubei Radio and Television (000665.SZ) released its 2023 annual report. During the reporting period, the company achieved operating income of 2,064 billion yuan, a year-on-year decrease of 5.14%; net loss attributable to shareholders of listed companies was 647 million yuan, an increase in year-on-year losses; net losses attributable to shareholders of listed companies deducted 672 million yuan from non-recurring profits and losses, which increased year-on-year losses; and a basic loss per share was 0.57 yuan/share. In 2023, the company will closely follow the national one-network strategic layout, fully implement the “5G+ broadband and TV” fixed mobile integration development strategy, deepen market-based reforms, and consolidate the network and business coverage foundation
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