Qingdao Citymedia Co Ltd

City Media released its 2026 interim report. Total operating revenue was 1 billion yuan, down 9.60% year-on-year. Net profit attributable to the parent company was negative 22.51 million yuan, swinging from profit to loss year-on-year, a decline of 155.88%. Net cash flow from operating activities was negative 42.46 million yuan, down 19.17% year-on-year. The company's asset-liability ratio was 25.33%, gross margin was 26.13%, ROE was negative 0.83%, and diluted earnings per share was negative 0.03 yuan. The number of shareholders was 29,500, and the top ten shareholders held 66.56% of shares.

City Media disclosed its 2026 semi-annual report on August 29. In the first half of the year, it achieved total operating revenue of 1 billion yuan, down 9.60% year-on-year. Net loss attributable to the parent company was 22.5053 million yuan, compared with a profit of 40.2771 million yuan in the same period last year. Net profit after deducting non-recurring items was 65.6196 million yuan, up 16.02% year-on-year. During the reporting period, the company's total non-recurring gains and losses were negative 88.1249 million yuan, of which government subsidies included in current profit or loss were 6.5656 million yuan, and fair value changes and disposal gains or losses from financial assets and financial liabilities held by non-financial enterprises were negative 94.3824 million yuan. Net cash flow from operating activities was negative 42.4645 million yuan, compared with 25.8667 million yuan in the same period last year. The company's main businesses cover copyright development and operation, diversified product services, new technology application formats, and cultural space construction and operation.

City Media disclosed a performance forecast, expecting a net loss attributable to the parent of 19 million to 27 million yuan in the first half of 2026, compared with a profit of 40.2771 million yuan in the same period last year. Deducted non-recurring net profit is expected to be 61 million to 69 million yuan, a year-on-year increase of 7.85% to 22%. The performance loss is mainly affected by non-recurring gains and losses. The company's US dollar fund investment project recognized a large fair value change loss of 94.35 million yuan at the end of the reporting period due to factors such as a significant decline in the consideration paid for acquiring company shares and the depreciation of the US dollar against the yuan.