格隆汇11月20日丨力天影业(09958.HK)公告，根据对集团2024年1月1日至2025年6月30日期间之未经审 核综合管理账目以及董事会现行可得资料的初步评估，集团预期于2024年1月1日至2025年6月30日期间 将录得净亏损约人民币5.54亿元，而截至2023年12月31日止年度录得净亏损约为人民币1.56亿元。 董事会认为，该预期亏损乃主要由于i)就已完成制作的自制电视剧、买断电视剧、联合融资电视剧及剧 本的版权确认减值亏损约人民币202百万元；ii)因无法收回电视剧成本而产生的毛损，其源自自制电视 剧的销售及播映的亏损约人民币164百万元及iii)2024年1月1日至2025年6月30日期间，由于播映平台的 采购预算紧缩和电视及流媒体行业下游终端用户市场的激烈竞争以及因业内整体流动资金挤压导致难以 收回应收播映平台的贸易应收款项的不利影响，就贸易及其他应收款项确认减值亏损约人民币69百万 元。 ...

Core Viewpoint - The company, Kaisa Group Holdings (03913), anticipates a net loss of no more than approximately RMB 280 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 69.9 million for the same period ending June 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected net loss is primarily attributed to a provision for impairment of trade receivables amounting to no more than RMB 238 million due to the ongoing downturn in the Chinese real estate sector, leading to a slowdown in the collection of trade receivables [1] - The reduction in deferred tax assets will result in a tax expense of no more than RMB 133 million for the period, driven by the continued pressure on the macroeconomic environment and the increase in trade receivables impairment provisions [1] - An impairment of no more than RMB 114 million has been recognized for goodwill and property, plant, and equipment, mainly due to intense market competition and the failure to renew contracts with certain subsidiaries acquired in previous periods [1] Market Environment - The company faces significant challenges due to a weak demand and downward pressure on housing prices in the Chinese real estate market, impacting the overall business environment [1] - Increased costs associated with improving service quality have contributed to a decline in revenue and operating profit for certain subsidiaries, despite these subsidiaries still achieving positive operating profit during the period [1]

Core Viewpoint - The company, Hejing Youhuo (03913), anticipates a net loss of approximately RMB 280 million for the six months ending June 30, 2025, compared to a net profit of approximately RMB 69.9 million for the same period ending June 30, 2024 [1] Group 1: Financial Performance - The expected net loss is primarily attributed to a provision for impairment of trade receivables amounting to no more than RMB 238 million, due to the ongoing downturn in the Chinese real estate sector and significant market changes, including weakened demand and downward pressure on housing prices [1] - The reduction in deferred tax assets will lead to a tax expense of no more than RMB 133 million for the period, mainly due to the continued pressure on the macroeconomic environment, resulting in increased provisions for trade receivables [1] - The company has made an impairment provision of no more than RMB 114 million for goodwill and property, plant, and equipment, primarily due to intense market competition and the failure to renew contracts with several subsidiaries acquired in previous periods [1]