China 33 Media Group (SEHK:8087) Loss Narrows To ¥0.10 EPS Challenging Bearish Narratives

China 33 Media Group (SEHK:8087) has just posted its FY 2025 first half numbers, with revenue of ¥17.7 million and a basic EPS loss of ¥0.10, alongside a net income loss of ¥11.3 million that keeps the business in the red. Over the last three reported halves, revenue has hovered in a tight range of about ¥17.5 million to ¥17.9 million per period, while basic EPS moved from a loss of ¥0.12 in 2024 H1 to a loss of ¥0.41 in 2024 H2 and then to a loss of ¥0.10 in 2025 H1. Taken together, this points to a picture of a steady top line but pressured profitability. For investors, the latest figures keep the focus squarely on whether margins can tighten and losses can continue to shrink from here.

See our full analysis for China 33 Media Group.

With the headline numbers on the table, the next step is to see how this earnings print lines up with the main narratives around China 33 Media Group's growth potential, risk profile, and path toward better margins.

Curious how numbers become stories that shape markets? Explore Community Narratives

Losses Over 12 Months Still Material

• Over the trailing 12 months, the company booked total revenue of ¥35.2 million and a net income loss of ¥29.2 million, which means the business is still some distance from break even despite earlier references to a 29.9% annual reduction in losses over five years.
• What stands out for a more cautious, bearish view is that the recent half year loss of ¥11.3 million in 2025 H1 sits alongside a larger ¥17.9 million loss in 2024 H2. Critics can therefore point to sizeable absolute losses in both periods even while the longer term data describe a multi year rate of loss reduction.
  • Bears highlight that a trailing basic EPS of ¥0.39 loss, compared with a 2025 H1 basic EPS loss of ¥0.10, still indicates a meaningful drag from earlier periods that has not yet been reversed.
  • They may also stress that net income losses of ¥5.2 million, ¥17.9 million and ¥11.3 million across the last three halves keep cumulative losses high, regardless of the reported 29.9% annual reduction rate over five years.

Stay grounded in the numbers before forming a view on any turnaround story for China 33 Media Group, and see how different investors interpret the same data in the 📊 Read the what the Community is saying about China 33 Media Group..

Sales Multiple Far Above Peers

• The company trades on a P/S of 28.8x, compared with a Hong Kong media industry average of 1.1x and a peer average of 11.6x, so its sales multiple is many times higher than both the wider group and closer comparables.
• Supporters of a more bullish stance sometimes focus on the reported 29.9% annual reduction in losses over five years. However, this sits alongside a much richer P/S multiple, which means the numbers give mixed signals.
  • On one hand, the sequence of net income losses of ¥5.2 million, ¥17.9 million and ¥11.3 million across 2024 H1, 2024 H2 and 2025 H1 can be seen by bulls as part of a longer term effort to narrow losses.
  • On the other hand, critics of a bullish case can point to the combination of those losses and the 28.8x P/S, which is over 2x the 11.6x peer average, as evidence that the current sales based valuation leaves limited room for error.

DCF Fair Value Versus Market Price

• The supplied DCF fair value of HK$11.83 sits above the current share price of HK$8.90, a gap of about 24.8% that suggests the shares trade below that specific model value.
• For investors weighing a bullish angle built around that DCF gap, the key tension is that the model based fair value sits against a backdrop of ongoing losses and recent dilution, so the figures invite closer inspection rather than a simple conclusion.
  • The trailing basic EPS loss of about ¥0.39 and 12 month net loss of ¥29.2 million show that the company is still loss making even while the DCF suggests room between price and fair value.
  • The data also flag shareholder dilution over the past year and above market share price volatility, which means any bullish argument that leans heavily on the HK$11.83 DCF fair value needs to factor in these execution and capital structure considerations.

Next Steps

Don't just look at this quarter; the real story is in the long-term trend. We've done an in-depth analysis on China 33 Media Group's growth and its valuation to see if today's price is a bargain. Add the company to your watchlist or portfolio now so you don't miss the next big move.

After all this, are you leaning bullish or cautious on China 33 Media Group, and how quickly do you want to firm up that view? Weigh both sides of the story and see the 2 key rewards and 2 important warning signs.

See What Else Is Out There

China 33 Media Group is still recording sizeable losses alongside a rich 28.8x P/S multiple, which together leave little room for setbacks or disappointment.

If you want ideas where valuations look more grounded in current fundamentals, check out the 244 high quality undervalued stocks today to compare alternatives quickly and clearly.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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