Shaanxi Broadcast & TV Network released its 2026 interim report, showing operating revenue of 529 million yuan, down 18.3% year on year, and a net loss attributable to the parent of 488 million yuan, widening 35.33% from the same period last year. The company has now posted widening net losses for three consecutive years, with cumulative losses of 3.184 billion yuan from 2023 to 2025. The first-half loss was mainly due to subscriber losses in the traditional cable TV business, insufficient scale in new businesses, and proactive reduction of low-margin engineering and merchandise sales. As of the end of the second quarter, net assets attributable to the parent stood at only 54.48 million yuan, down 89.95% from the end of the previous year.
Shaanxi Broadcast & TV Network Intermediary Group Co LtdCompany reported widening net loss and 90% drop in net assets.
