Hubei Radio & TV and its indirect controlling shareholder, Hubei Cultural Industry Development Investment Co., Ltd., have been ordered by the Hubei Securities Regulatory Bureau to take corrective administrative measures for failing to fulfill a targeted capital reduction commitment on time, and the matter has been recorded in the securities and futures market integrity archives. Hubei Cultural Industry Development Investment had promised to complete the targeted capital reduction and industrial and commercial registration changes for Hubei Radio & TV's 16.67% stake by April 20, 2026, but as of April 24, 2026, the process had not been finalized. Hubei Cultural Industry Development Investment recently paid 50 million yuan of the targeted capital reduction amount and has committed to paying the remaining approximately 219 million yuan as soon as possible. The company expects a net loss attributable to the parent company of 247 million to 257 million yuan for the first half of 2026, widening from a loss of 246 million yuan in the same period last year. Operating revenue is expected to be between 710 million and 750 million yuan, a year-on-year decline of about 8.8% to 13.7%. Hubei Radio & TV has been loss-making for six consecutive years, with net losses attributable to the parent company of 690 million yuan, 446 million yuan, 595 million yuan, 652 million yuan, 795 million yuan, and 1.095 billion yuan from 2020 to 2025 respectively.
Hubei Radio and Television Information Network Co LtdOrdered to rectify for failing to meet capital reduction commitment; recorded in integrity archives.
Indirect controlling shareholder ordered to rectify for failing to fulfill capital reduction commitment.