Shenzhen Topway Video Communication (002238.SZ) has announced a predicted pre-loss, estimating a net loss of 5 million yuan for the 2024 fiscal year, a year-on-year change from profit to loss.

Shenzhen Topway Video Communication (002238.SZ) announced its annual performance forecast for 2024, expecting a net loss of 5 million yuan attributable to shareholders of the listed company, a year-on-year change from profit to loss. The main reasons for the decrease in net profit compared with the previous year are: 1. Decline in traditional cable television, broadband business income, and engineering income due to changes in user consumption habits and market conditions; 2. Increase in fixed assets leading to corresponding increase in depreciation expenses; 3. Reduction in government subsidies included in the current year's income statement; 4. Increase in deferred income tax expenses.