CFC(SH:600977) Shang Hai Zheng Quan Bao·2025-07-14 19:35Core Viewpoint - The company, China Film Industry Group Co., Ltd., anticipates a significant loss for the first half of 2025, with projected net profits ranging from -80 million to -120 million yuan, indicating a downturn compared to the previous year [2][3]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025 [3]. - The expected net profit attributable to shareholders is projected to be between -80 million and -120 million yuan [2][3]. - The net profit after deducting non-recurring gains and losses is expected to be between -160 million and -230 million yuan [2][3]. Group 2: Previous Year Performance - In the first half of 2024, the company reported a total profit of 291.51 million yuan, with a net profit attributable to shareholders of 204.25 million yuan [5]. - The net profit after deducting non-recurring gains and losses for the same period was 161.70 million yuan [5]. - The basic earnings per share for the previous year was 0.109 yuan [6]. Group 3: Reasons for Performance Decline - The primary reason for the anticipated loss in 2025 is the underperformance of films at the box office, leading to reduced gross profits, with a net profit of -140.76 million yuan reported by the end of the first quarter [7]. - The second quarter saw a 34.73% year-on-year decline in national box office revenue, with significant drops during key holiday periods [7]. - Despite the challenges, the company is actively enhancing operations and has upcoming films that may positively impact performance, including "Nanjing Photo Studio" and "Non-Human: Limited Player" [7].