Core Viewpoint - The company, Tian Ge Interactive (01980), anticipates a significant decline in earnings for the first half of 2025, projecting revenues of approximately RMB 32.4 million compared to RMB 5.3 million for the six months ending June 30, 2024, and a shift from net profit to net loss due to increased product incubation costs and fair value losses from financial investments [1] Financial Performance - Expected revenue for the first half of 2025 is approximately RMB 32.4 million [1] - Revenue for the six months ending June 30, 2024, is approximately RMB 5.3 million [1] - Projected net loss for the relevant period is approximately RMB 22.4 million, contrasting with a net profit of approximately RMB 44.1 million for the six months ending June 30, 2024 [1] Reasons for Financial Changes - The primary reasons for the transition from net profit to net loss include: - Increased product incubation costs due to the company's strategy of investing and incubating multiple online interactive entertainment platforms across various regions, leading to higher resource allocation [1] - Fair value losses attributed to macroeconomic factors, including the imposition of reciprocal tariffs, affecting the company's financial investments [1] Operational Stability - Despite the unfavorable financial outlook, the company's operations and cash flow remain stable during the relevant period [1]