BGCTV(SH:600037)2025-03-12 07:45Financial Performance - In 2024, the company achieved total operating revenue of RMB 2.314 billion, a decrease of RMB 120 million or 4.92% compared to the same period in 2023[4]. - The net profit attributable to shareholders of the listed company for 2024 was a loss of RMB 72.546 million, an improvement of RMB 99.87 million compared to a loss of RMB 172.418 million in 2023[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of RMB 101.726 million, a significant decline compared to a profit of RMB 16.147 million in the previous year, representing a change of -729.99%[2]. - The basic earnings per share for 2024 was -0.0521, improving from -0.1239 in the previous year[2]. - The weighted average return on net assets was -0.57%, an improvement from -1.33% in the previous year[2]. Assets and Equity - The company's total assets at the end of the reporting period were RMB 16.033 billion, an increase of 0.81% from RMB 15.904 billion at the beginning of the period[2]. - The equity attributable to shareholders of the listed company decreased by 0.93% to RMB 12.708 billion from RMB 12.827 billion[2]. Operational Challenges - The significant change in net profit attributable to shareholders after deducting non-recurring gains and losses was primarily due to increased asset impairment provisions and a decline in the operating performance of joint ventures[5]. - The company experienced a decline in cable television basic subscription fees, channel transfer income, and advertising revenue due to industry downturn and intensified market competition[5]. Reporting and Auditing - The financial data presented is preliminary and unaudited, with potential discrepancies in the final annual report[6].