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Advanced Video Info-Tech Posts H1 2017 Loss of RMB 19 Mln

Advanced Video Info-Tech, 8/18/17

Shenzhen-based cable DTV software systems and set-top box provider Advanced Video Info-Tech (AVIT) (300264.SZ) has announced its financial results for the six months ended June 30, 2017. H1 2017 revenue was RMB 78.29 mln, down 8.25% YoY.

Net loss attributable to shareholders was RMB 19.31 mln, compared to a net loss of RMB 2.91 mln in H1 2016.

Revenue from software systems products was RMB 5.88 mln, down 56.49% YoY. Revenue from systems integration products was RMB 47.36 mln, down 30.01% YoY. Revenue from terminal products was RMB 19.36 mln, up 415.97% YoY.

Keywords: loss revenue software television DTV set-top box 300264.SZ Advanced Video Info-Tech H1 2017 system integration fiscal report

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