Hubei Radio & Television Information Network (000665.SZ) issued a pre-loss warning, expecting a net loss of 657 million to 747 million yuan in 2024.

Hubei Radio & Television Information Network (000665.SZ) has released the annual performance forecast for 2024, expecting a net loss of 657 million to 747 million yuan attributable to shareholders of the listed company for the full year. During the reporting period, the company's 5G business income increased year-on-year, but due to the continued decline in TV business income, along with a decrease in income due to changes in the scope of consolidation (including Hubei Yun Guang Interconnect (Hubei) Network Technology Co., Ltd. in January to April 2023), the overall operating income of the company has decreased compared to the same period; although the company has focused on strengthening cost control, costs such as labor costs, depreciation and amortization, broadband export costs, program costs have all decreased, a net loss has still been formed.