BEIJING MEDIA (01000) announced that the Group expects a loss attributable to shareholders for 2025 to be approximately RMB 68 million to RMB 73 million, representing a significant increase of about RMB 65.958 million to RMB 70.958 million compared to the previous year.

According to the announcement, excluding a one-time gain of approximately RMB 21.831 million generated in 2024 from the disposal of a property and the recovery of some receivables for which bad debt provisions had been made, the expected increase in loss for 2025 is primarily due to several factors.

The loss from principal operations increased by approximately RMB 19,000 to RMB 22,000 thousand compared to the same period last year.

This increase was partly because the operating revenue of subsidiaries declined, impacted by tightened customer budgets, changes in industry regulatory policies, and intensified market competition.

Furthermore, as the Group comprehensively advances its business transformation, its subsidiary, Beijing Youth Daily Modern Logistics Co., Ltd., has proceeded with the planned and orderly exit from the printing-related materials trading business.

While this exit is beneficial for long-term resource optimization, it has led to an anticipated increase in the loss from principal operations during this reporting period.

Administrative expenses increased by approximately RMB 15.245 million compared to the same period last year.

To enhance long-term operational efficiency and market competitiveness, the Group undertook organizational restructuring during the reporting period, which resulted in the expected increase in administrative expenses.

Additionally, the gain from changes in fair value decreased by approximately RMB 11.702 million compared to the same period last year.

This decrease was mainly due to a reduction in the fair value of the company's investment properties, influenced by phased adjustments in the real estate sector and changes in regional market demand.

Concurrently, income generated from the management of the company's idle funds was also reduced due to market fluctuations.

The company's Board of Directors and management believe that the aforementioned circumstances are not expected to have a significant adverse impact on the Group's daily operations.

They will continue to fully advance the strategic and business transformation, persistently developing innovative businesses such as outdoor advertising, full-service marketing, and the Beijing City Cultural Annual Pass to promote the growth of operating revenue.