China Television Media Ltd

China Television Media released its 2026 interim report. Total operating revenue was 249 million yuan, up 8.56% year-on-year, but net profit attributable to the parent company was negative 27.07 million yuan, a decrease of 47.05 million yuan compared with the same period last year, down 235.49% year-on-year, swinging from profit to loss. Net cash flow from operating activities was negative 191 million yuan. The asset-liability ratio was 19.21%, gross margin was 16.98%, return on equity was negative 2.22%, and diluted earnings per share was negative 0.07 yuan. The company had 30,600 shareholders, and the top ten shareholders held 61.80% of the total share capital.

China Television Media disclosed its earnings forecast, expecting a net loss attributable to shareholders of 24 million to 30 million yuan in the first half of 2026, compared with a profit of 19.9811 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 10.5 million to 16.5 million yuan, compared with a loss of 6.971 million yuan a year earlier. The company said its film and television business remained stable and its advertising business continued to expand, but the tourism business showed a downward trend due to intensified market competition. During the reporting period, the fair value of the shares in Haikan Co., Ltd., indirectly held through a fund in which the company invested, fluctuated significantly, which had a major impact on net profit.