Xingkong Huawen (06698.HK) issued a profit warning, expected to have a loss of between 53.5 million and 58.5 million RMB for the six months ending in June, compared to a recorded profit of 17.2 million yuan in the same period last year; expected revenue to decrease from 1.44 billion yuan to 68.6 million to 73.6 million yuan. The increase in losses and expected revenue decrease are consistent and mainly due to a reduction in the number of variety shows.