STAR CM (06698) issues a profit warning, expecting the mid-term net loss attributable to shareholders to expand year-on-year to approximately 38 million to 46 million yuan.

STAR CM (06698) announced that the Group expects to achieve revenue of approximately RMB 43 million to RMB 47 million for the six months ending June 30, 2026 (compared to revenue of RMB 59 million for the same period in 2025) and expects to incur a net loss attributable to the owners of the Company of approximately RMB 38 million to RMB 46 million for the six months ending June 30, 2026 (compared to a net loss attributable to the owners of the Company of RMB 11 million for the same period in 2025). The expected increase in net loss attributable to the owners of the Company for the six months ending June 30, 2026, is primarily due to the following reasons: the number of variety shows obtained by the Group has decreased compared to the same period last year, resulting in a reduction in gross profit from variety show production; and the fair value of financial assets accounted for at fair value through profit or loss has decreased, mainly due to fluctuations in the stock prices of the listed companies in which the Company has invested.