STAR CM (06698) Issues Profit Warning, Expects Interim Net Loss to Decrease Year-on-Year

Stock News2025-08-07

STAR CM (06698) announced that the group expects to achieve revenue of approximately RMB 57 million to RMB 61 million for the six months ended June 30, 2025, compared to RMB 71.1 million in the same period of 2024. The company also expects a net loss of approximately RMB 10 million to RMB 12.5 million for the six months ended June 30, 2025, compared to a net loss of RMB 56 million in the same period of 2024.

The expected decrease in net loss for the six months ended June 30, 2025, is primarily attributable to the following reasons: The group achieved gross profit from variety show intellectual property (IP) production, operation and licensing, whereas it incurred gross loss in the same period last year. During the six months ended June 30, 2025, the group shifted its focus to director teams and post-production aspects of variety shows, achieving a certain degree of gross profit. Additionally, the group's administrative expenses decreased compared to the same period in 2024.

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