Net profit in the first three quarters decreased by 85383.7%
Posted: Tue Feb 18, 2025 3:55 am
Despite the strong stock price performance, Guangdong Media's performance was not ideal.
Data shows that Guangdong Media achieved operating income of 406 million yuan in the first three quarters of this year , a yearonyear increase of 7.54% , but its net profit was a loss of 38.033 million yuan, a yearonyear decrease of 85,383.7%. In the first half of , the company achieved operating income of 262 million yuan, a yearonyear increase of 7.59% , but its net profit attributable to shareholders was a loss of 55.4891 million yuan.
In the long run, performance will continue to decline from 2021 to 2023.
From 2021 to 2023, Guangdong Media's losses were RMB 90.0954 venezuela phone number list million, RMB 38.4927 million, and RMB 8.3602 million, respectively, a yearonyear decrease of 71.26%, 57.28%, and 78.28%, respectively.
Being punished
Guangdong Media has been frequently penalized by regulators, which has further increased uncertainty for the company.
Guangdong Media received a warning letter from the Guangdong Securities Regulatory Bureau and a supervision letter from the Shenzhen Stock Exchange in June this year. Due to the correction of accounting errors and retroactive adjustments, the performance forecast disclosed by Guangdong Media on January 31, was significantly different from the 2023 annual report, and the financial data of the 2022 annual report and the 2023 semiannual report were inaccurate.
Data shows that Guangdong Media achieved operating income of 406 million yuan in the first three quarters of this year , a yearonyear increase of 7.54% , but its net profit was a loss of 38.033 million yuan, a yearonyear decrease of 85,383.7%. In the first half of , the company achieved operating income of 262 million yuan, a yearonyear increase of 7.59% , but its net profit attributable to shareholders was a loss of 55.4891 million yuan.
In the long run, performance will continue to decline from 2021 to 2023.
From 2021 to 2023, Guangdong Media's losses were RMB 90.0954 venezuela phone number list million, RMB 38.4927 million, and RMB 8.3602 million, respectively, a yearonyear decrease of 71.26%, 57.28%, and 78.28%, respectively.
Being punished
Guangdong Media has been frequently penalized by regulators, which has further increased uncertainty for the company.
Guangdong Media received a warning letter from the Guangdong Securities Regulatory Bureau and a supervision letter from the Shenzhen Stock Exchange in June this year. Due to the correction of accounting errors and retroactive adjustments, the performance forecast disclosed by Guangdong Media on January 31, was significantly different from the 2023 annual report, and the financial data of the 2022 annual report and the 2023 semiannual report were inaccurate.