CTCG(SH:600358)2024-07-09 08:07Financial Performance - The company expects a net profit attributable to shareholders for the first half of 2024 to be between -19 million and -13 million yuan, indicating a loss compared to the same period last year [14]. - The preliminary estimate for the net profit attributable to the parent company for the first half of 2024 is between -18 million and -12 million yuan, also reflecting a loss compared to the previous year [7]. - The net profit attributable to the parent company for the previous year was 3.30 million yuan, with a net profit of -7.15 million yuan after deducting non-recurring gains and losses [17]. - The company reported a net profit of 4.75 million yuan for the current period, with a loss of -7.15 million yuan after excluding non-recurring gains and losses, resulting in an earnings per share of 0.0094 yuan [10]. Market Conditions - The decline in performance is primarily due to increased market competition and changes in media policies affecting the gross profit margin of the subsidiary Beijing New Line Zhongshi Cultural Communication Co., Ltd. [4]. Forecast and Risks - The company confirmed that the preliminary forecast data is unaudited and subject to change, urging investors to be aware of investment risks [12]. Non-recurring Items - Non-recurring gains and losses from the previous period included a relocation subsidy of 12 million yuan, which had a minor impact on the current period's profits [18]. Acquisitions - The company completed the cash acquisition of 100% equity in Jiangxi Haiji Import and Export Co., Ltd. in January 2024, which has been included in the consolidated financial statements [3].