Windstorm group issued the first three quarters performance forecast: it will lose 151 million to 156 million yuan

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DoNews, Oct. 16 (reporter Zhao Jinjie) according to the performance forecast of the first three quarters of 2019 issued by storm group, it is estimated that storm group will lose 151 million to 156 million yuan in the first three quarters, which is smaller than the loss of 228 million yuan in the same period of last year.
In the third quarter, storm group is expected to make a profit of 108 million to 113 million yuan, compared with a loss of 122 million yuan in the same period last year.
For the reason of performance change, Stormwind group explained that from the beginning of the year to the end of the reporting period, the net profit loss attributable to the shareholders of the listed company was mainly caused by: (1) the company estimated the expected recoverable amount of the main assets according to the operating conditions, and accrued the corresponding asset impairment reserve of 345 million to fairly reflect the financial situation of the company; (2) the company lost Shenzhen Stormwind Intelligent Technology Co., Ltd. The control right of limited company (hereinafter referred to as Stormwind Intelligence) confirmed investment income of 280 million yuan; (3) the company incurred litigation compensation cost of about 20 million yuan in this period; (4) the company’s Internet video business and Internet TV business were affected by intensified competition, and the revenue and gross profit rate continued to decline.
In the third quarter, the net profit attributable to the shareholders of the listed company was mainly due to the loss of Stormwind intelligent control right and the confirmation of investment income of 280 million yuan.
As of the first three quarters of 2019, the non recurring profit and loss of storm group is expected to be about 248 million yuan to 253 million yuan. (end)