4 consecutive boards in controlling stake of Chinese media: expected net loss of 46.5 million to 60 million in the first half of the year, turning loss year on year

The announcement of the Huamei Holdings stated that it is expected to incur a net loss of 46.5 million to 60 million yuan in the first half of 2025, compared to a profit of 21.849 million yuan in the same period last year. Due to factors such as the macro industry environment, market competition, and customer budget adjustments, the relevant revenue of the company's advertising and planning business, as well as newspaper and magazine distribution, has decreased. The provision for credit impairment losses on accounts receivable and other receivables has increased compared to the same period last year. There were gains and losses from the disposal of non-current assets and the early termination of operating projects and the reversal of prepaid liquidated damages in the same period last year.