Clear Media Limited reported unaudited revenue results for the year ended December 31, 2019. The Group's unaudited revenue for the year ended 31 December 2019 was RMB 1,445.9 million, which was a 19.8% decline compared with that of the corresponding period in 2018 (fiscal year 2018: RMB 1,803.7 million).

The company provided earnings guidance for the year ended December 31, 2019. Further, after taking into account the increase in costs and expenses, and the adoption of Hong Kong Financial Reporting Standard ­ HKFRS 16 leases, the group expects to report a net loss attributable to the owners of the parent for the year ended 31 December 2019 (compared with a net profit attributable to the owners of the parent of approximately RMB 220.8 million for the year ended 31 December 2018).