Beijing Media Corporation Limited provides earnings guidance for the year ended 31 December 2025. For the period, the company expects the loss attributable to the shareholders is expected to range from approximately RMB 68,000,000 to RMB 73,000,000 (loss attributable to Shareholders for the same period in 2024: RMB 2,042,000), representing an increase of approximately RMB 65,958,000 to RMB 70,958,000 compared to the same period last year. Excluding the impact from the disposal of a property of the Group in 2024 and the one-off gain of approximately RMB 21,831,000 from the recovery of partial accounts receivable on bad debt provision made, the expected increase in loss for 2025 was primarily due to: the loss from major operations increased by approximately RMB 19,000,000 to RMB 22,000,000 as compared with the same period last year.
In particular, due to the impact of tight budget of customers, changes in regulatory policies of the industry and intensified market competition, operating revenue of subsidiaries declined. Concurrently, as the Group comprehensively advanced business transformation, the subsidiary BYD Logistics Company Limited has exited trading of printing-related materials business in an orderly manner as scheduled. Though the exit of the business is conducive to the long-term resource optimization, it resulted in increase in expected loss from major operations during the Reporting Period.
Management expenses increased by approximately RMB 15,245,000 as compared with the same period last year. In order to enhance long-term operating efficiency and market competition, the Group underwent organization structural reform during this Reporting Period, which resulted in an expected increase in management expenses during the Reporting Period; and gain from the change in fair value decreased by approximately RMB 11,702,000 as compared with the same period last year, primarily due to the decline in fair value of the investment properties of the Company arising from the impact of cyclical adjustment of the property industry and regional market demand shifts; meanwhile, the returns on the management of the Company's idle funds have declined due to market volatility.
