Hubei Radio & Television Information Network Co.Ltd(000665) the performance forecast was disclosed on January 29. It is estimated that the net profit loss attributable to the shareholders of the listed company in 2021 will be 350-45 million yuan, a decrease of 34.81% – 49.30% over the same period of the previous year.
As for the performance loss, the company said that it was affected by multiple factors such as the development of the Internet and new media, the loss of traditional cable viewing users was large, and the development of corporate and customer business encountered a bottleneck; Secondly, restricted by the lack of mobile communication services, telecom operators take advantage of the unequal competitive advantages of mobile phone package to give TV and broadband services to seize the market share of traditional TV and broadband services; At the same time, the main costs of the company are rigid, and the decline of operating income of cable TV and broadband services directly leads to the loss of profits.
