Topway Video Communication disclosed its earnings forecast, expecting a net loss attributable to the parent company of 38 million to 51 million yuan in the first half of 2026, compared with a loss of 27.149 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 55 million to 68 million yuan, compared with a loss of 41.3173 million yuan a year earlier. The company stated that due to industry changes and intense market competition, revenue from basic services such as cable television, cable broadband, and program transmission, as well as cable TV network coverage services, declined year-on-year, leading to a drop in profits.
Shenzhen Topway Video Communication Co LtdRevenue from basic services declined due to industry changes and intense competition, leading to a larger loss.