Ciwen Media disclosed an earnings forecast, expecting a net loss attributable to the parent of 25 million to 37 million yuan in the first half of 2026, compared with a loss of 23.0804 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 28 million to 40 million yuan, compared with a loss of 32.8704 million yuan a year earlier. The company stated that the change in performance is mainly due to seasonal fluctuations in revenue recognition from its film and television business, resulting in less revenue recognized in the first half, as well as a lower collection rate of accounts receivable and an increase in bad debt provisions. As of the end of the reporting period, the company's order backlog was approximately 290 million yuan. In the second half of the year, it will accelerate project progress and promote innovative businesses such as micro-dramas and cultural tourism.
Ciwen Media Co LtdExpects wider net loss in H1 2026 vs prior year, with increased bad debt provisions.