HRTN(SZ:000665)2026-01-23 08:15Financial Performance Expectations - The company expects a total profit loss of between 90,000 and 115,000 million yuan for the year 2025, representing an increase in loss of 11.07% compared to the previous year[2] - The net profit attributable to shareholders is projected to be a loss between 89,650 and 114,650 million yuan, which is a 12.82% increase in loss year-over-year[2] - The net profit after deducting non-recurring gains and losses is expected to be a loss between 93,000 and 118,000 million yuan, reflecting a 14.34% increase in loss compared to the previous year[2] - Basic earnings per share are anticipated to be a loss between 0.79 and 1.01 yuan per share, compared to a loss of 0.70 yuan per share in the previous year[2] - Operating revenue is forecasted to be between 148,000 and 168,000 million yuan, down from 159,077.42 million yuan in the previous year[2] Market and Operational Challenges - The decline in average revenue per user (ARPU) is attributed to competitive market strategies, leading to decreased revenue from high-profit television and broadband services[5] - Fixed costs such as labor and depreciation remain rigid, limiting the company's ability to reduce costs in response to declining revenues[5] Goodwill Impairment and Risk Disclosure - The company plans to recognize goodwill impairment related to the acquisition of Wuhan Broadcasting Network Co., Ltd., with the actual amount to be determined based on evaluations[5] - The preliminary estimates provided are subject to further confirmation in the 2025 annual report, and investors are advised to be aware of investment risks[6]