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.
Qingdao Citymedia Co LtdExpects net loss attributable to parent of 19-27 million yuan in H1 2026, vs profit of 40.28 million yuan last year, due to fair value loss on US dollar fund investment.