粤传媒(002181) - 2024 Q2 - 季度业绩预告

2024 Semi-Annual Performance Forecast The company forecasts a significant net loss for H1 2024, driven by business decline, tax changes, and associate fund underperformance, with pending risks I. Expected Current Period Performance The company forecasts a net loss for H1 2024, both attributable to shareholders and non-recurring, with substantial year-over-year declines (II) Performance Forecast Details The company forecasts a net loss of RMB 39.5 million to RMB 59 million for H1 2024, with significant year-over-year declines in both net profit and non-recurring net profit Key Financial Performance Indicators | Item | Jan 1, 2024 to Jun 30, 2024 | Prior Period | Change Rate | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Loss: RMB 39.50 million – RMB 59.00 million | Profit: RMB 2.9525 million | Decrease: 1437.85% – 2098.31% | | Net Profit After Deducting Non-Recurring Gains and Losses | Loss: RMB 41.3661 million – RMB 60.8661 million | Profit: RMB 8.3680 million | Decrease: 594.34% – 827.37% | | Basic Earnings Per Share | Loss: RMB 0.0340/share – RMB 0.0508/share | Profit: RMB 0.0025/share | N/A | II. Communication with Accounting Firm The company has pre-communicated with its accounting firm regarding this performance forecast, with no disagreements, though it remains unaudited - The company has pre-communicated with the accounting firm regarding the performance forecast, with no disagreements[10] - This performance forecast has not been pre-audited by a certified public accountant[10] III. Explanation of Performance Changes Performance changes stem from declining traditional business revenue, cancelled tax incentives for subsidiaries, and underperforming associate funds (I) Decline in Traditional Business Revenue Traditional business revenue, including print advertising and printing, declined year-over-year, reducing net profit - Revenue from the company's traditional businesses, including print advertising and printing, declined[2] - The decrease in traditional business revenue led to a year-over-year reduction in net profit[2] (II) Changes in Income Tax Preferential Policies Certain subsidiaries no longer qualify for income tax exemption, resulting in a year-over-year increase in income tax expenses - Some subsidiaries no longer enjoy income tax exemption policies[11] - Income tax expenses increased year-over-year[11] (III) Underperformance of Associate Fund The associate fund, Shanghai Deyue, saw performance decline due to underperforming projects and market downturns, measured at fair value - The associate company, Shanghai Deyue Equity Investment Fund Center (Limited Partnership), is measured at fair value[5] - Deyue Fund's performance declined due to underperforming invested projects and market downturns[5][12] IV. Risk Warnings Risks include securities disputes, uncertain Supreme Court judgment execution, and unobtained associate project financial data, potentially impacting semi-annual financials (I) Securities Misrepresentation Liability Disputes The company faces 340 securities misrepresentation disputes, with uncertain case progress and investor lawsuits potentially impacting financial reporting - The company is involved in a total of 340 securities misrepresentation liability dispute cases[13] - The progress of case proceedings remains uncertain, potentially impacting the 2024 semi-annual financial statement data[13] (II) Uncertainty in Supreme People's Court Civil Judgment Execution A Supreme People's Court civil judgment has been received but not executed, creating uncertainty that may impact semi-annual financial data - The company received a civil judgment from the Supreme People's Court, but it has not yet entered the execution phase[7] - The execution outcome remains uncertain, potentially impacting the 2024 semi-annual financial statement data[7] (III) Unobtained Financial Data for Associate Projects Q2 2024 financial data for some associate projects remain unobtained, potentially impacting the company's semi-annual financial statement data - The 2024 second-quarter financial data for some associate projects have not yet been obtained[14] - The unobtained financial data may impact the company's 2024 semi-annual financial statement data[14] V. Other Relevant Information This unaudited performance forecast is a preliminary estimate, with detailed figures to be disclosed in the semi-annual report, urging investor caution - This performance forecast data is a preliminary estimate by the company's finance department and has not been audited by a certified public accountant[14] - Specific financial data will be disclosed in detail in the company's 2024 semi-annual report[14] - Investors are advised to make cautious decisions and be aware of investment risks[14]