BEIJING MEDIA (01000) issues profit warning, expecting a significant increase in the annual loss attributable to shareholders to approximately 68 to 73 million yuan.

Beijing Media (01000) announced that the group is expected to incur a loss attributable to shareholders of approximately 68-73 million yuan in 2025, an increase of about 659.58-709.58 million yuan compared to the previous year. The announcement stated that excluding the one-time gain of approximately 21.83 million yuan generated from the disposal of a property in 2024 and the recovery of part of the previously provided bad debt provision for accounts receivable, the expected increase in loss in 2025 is mainly due to: - A decrease in operating income from affiliated companies due to customer budget tightening, changes in industry regulatory policies, and intensified market competition. - The orderly exit from the printing-related material trade business of Beijing Youth Daily Modern Logistics Co., Ltd., a subsidiary of the group, as part of the overall business transformation efforts, leading to an increase in expected operating loss. - An increase in management expenses due to organizational restructuring during the reporting period to enhance long-term operational efficiency and market competitiveness. - A decrease in fair value change income due to adjustments in the real estate industry and regional market demand fluctuations, leading to a reduction in fair value of investment properties and lower returns on idle fund management. The company's board of directors and management expect that the above situation will not have a significant adverse impact on the group's daily operations. They plan to continue promoting strategic and business transformation, expanding outdoor advertising, integrated marketing services, Beijing City Cultural Annual Pass, and other innovative businesses to drive revenue growth.