Core Viewpoint - Guangxi Broadcasting (600936) is expected to report a net loss attributable to shareholders of the parent company ranging from -380 million to -317 million yuan for the first half of 2025, indicating ongoing financial challenges due to market competition and declining demand for television services [1] Financial Performance - The projected net profit attributable to shareholders of the parent company for the same period last year was -378 million yuan, showing a slight improvement in the expected loss for 2025 [1] - The net profit after deducting non-recurring gains and losses is anticipated to be between -402 million and -335 million yuan, compared to -394 million yuan in the previous year [1] Business Challenges - The company faces intensified market competition and a decrease in demand for large-screen television, leading to a decline in revenue from cable television viewing services [1] - Accounts receivable collection has not met expectations, contributing to the financial strain [1] - New business ventures, such as broadcasting 5G, have yet to achieve scale, further impacting overall performance [1] - The company is experiencing difficulties in reducing operational costs and an increase in credit impairment losses, which are exacerbating the losses [1]