On January 17th, Tom Cat released its annual performance forecast for 2024, expecting a net profit loss attributable to shareholders of the listed company of 660 million yuan to 860 million yuan, and a net profit loss of 670 million yuan to 870 million yuan after deducting non recurring gains and losses. In terms of core gaming business, the company’s business revenue and net profit have declined due to factors such as market demand and declining order value for advertising, unstable overseas economic and political situation, and intensified competition in the advertising market. In terms of AI innovation business, the company continues to increase research and development investment and will launch the sale of Tom Cat AI voice emotional companion robot in late December 2024. However, this product has not yet made a significant contribution to the company’s revenue and profits. In addition, the company expects to make provisions for asset impairment of approximately RMB 760 million to RMB 960 million, mainly involving goodwill and long-term equity investments. The expected non recurring profit and loss for the company in 2024 is approximately 10 million yuan.
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