CDV Holdings (08280) announced that the expected comprehensive net loss for the year ending on March 31, 2024 (the "2023 financial year") may be significantly higher than the group's comprehensive net loss of approximately RMB 0.151 billion for the 15 months ended March 31, 2023 (the "2022 financial year").
China Digital Video (08280) announced that the expected comprehensive net loss for the year ending on March 31, 2024 ("2023 financial year") may be significantly higher than the group's comprehensive net loss of approximately RMB 0.151 billion for the 15 months ended March 31, 2023 ("2022 financial year").
The expected loss in the 2023 fiscal year is mainly due to the fact that revenue in 2023 fiscal year has decreased by about 44% from RMB 0.26 billion in 2022 fiscal year. The decrease is mainly due to slower program upgrades by television stations under the influence of Internet plus-related video media.
