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TVB's 2024 Loss Narrows
TVB (00511.HK): Expected to achieve net profit this year, currently no financing or share placement plans.
The Executive Chairman of TVB (00511.HK), Xu Tao, stated that in the future, the company will "fully embrace AI," believing it will bring revolutionary benefits to the Industry. However, the current business model in the field is not yet mature, and the technology is still under development, currently in a stage of "daring to try," with internal testing showing promising results. He also predicted that TVB will launch more programs with stronger AI elements this year and will discuss projects with more AI companies, hoping to see results soon. He continued to say that according to the current momentum, and considering the significant reduction of most remaining bad Assets last year, EBITDA is expected to grow significantly year-on-year this year.
Announcement Highlights | The first annual report of Mixue Group after going public: Net income increased by approximately 40% year-on-year; Bank Of China 2024 net income is 237.841 billion yuan.
POP MART's annual net profit attributable to shareholders is 3.125 billion yuan, an increase of 188.77% year-on-year; SenseTime's revenue for 2024 is approximately 3.772 billion yuan, a year-on-year growth of 10.8%.
Express News | TVB's total revenue exceeded 3.2 billion Hong Kong dollars last year, and its operational profitability is gradually recovering.
TVB (00511) announced its performance for the year 2024, with a loss attributable to shareholders of 0.491 billion Hong Kong dollars, narrowing by 35.63% year-on-year.
TVB (00511) announced its performance for the fiscal year 2024, during which the group achieved total revenue of 3.258 billion Hong Kong dollars, ...
In the "Performance" report, TVB (00511.HK) narrowed its loss to 0.49 billion yuan last year and is expected to turn a profit this year.
TVB (00511.HK) announced its full-year results for the period ending in December last year, with losses narrowing to 0.491 billion yuan, compared to a loss of 0.763 billion yuan in the same period last year; the loss per share was 1.09 yuan. No dividend was declared. EBITDA returned to profit with earnings of 0.295 billion yuan, compared to a loss of 0.14 billion yuan in the same period last year. The company stated that based on the current momentum in Business, considering that most of the remaining bad Assets will be written off in 2024, it is expected that the EBITDA for the full year of 2025 will be significantly higher than in 2024, and a positive net profit attributable to Shareholders will be achieved for the full year of 2025. Non-operating non-recurring items will be excluded.
