META MEDIA (00072) issues profit warning, expecting a comprehensive net loss of no less than approximately RMB 35 million for the year 2025.
Chao Media Holdings (00072) announced that it expects the Group to incur a comprehensive net loss of not less than approximately RMB 35 million for the year ended December 31, 2025, compared to a comprehensive net profit of approximately RMB 19 million for the year ended 2024, a significant change.
META MEDIA (00072) announced that the Group is expected to incur a comprehensive net loss of not less than approximately RMB 35 million for the year ending December 31, 2025, representing a significant change from the comprehensive net profit of approximately RMB 19 million in 2024.
The Board of Directors believes that the loss is mainly due to the continued global economic pressure in 2025, the tense geopolitical situation, and the impact of major economies' monetary policies. In addition, the consumption market has become more cautious and brand customers are more conservative in advertising arrangements, leading to a decrease in the Group's overall gross profit margin compared to last year. Furthermore, the Group recognized a net amount of approximately RMB 8.1 million for terminated lease income in the 2024 financial year, which was of a one-time nature and will not recur in the 2025 financial year.
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