Financial Performance - The audited consolidated annual profit for the year ended March 31, 2022, was HKD 167,874,000, a decrease of HKD 44,957,000 or 21% compared to the previous year, primarily due to the absence of government subsidy income and reduced foreign exchange gains [6]. - Excluding the aforementioned factors, the overall profit for the reporting year actually increased by HKD 57,966,000, representing a 53% rise compared to the previous year [6]. - The media business revenue for the group reached HKD 676,039,000, with Oriental Daily's publishing and advertising revenue increasing by HKD 16,991,000, or 3% year-on-year [19]. - Digital media revenue rose to HKD 134,401,000, an increase of HKD 6,882,000, or 5% compared to the previous year, benefiting from the trend of mobile usage and online shopping [19]. - The total loan amount for Oriental Financing was HKD 302,770,000, a 4% increase year-on-year, with total loan interest income reaching HKD 30,612,000, up HKD 9,531,000, or 45% [21]. Assets and Liabilities - As of March 31, 2022, the net current assets amounted to HKD 1,161,939,000, an increase from HKD 1,013,168,000 in 2021, with cash and bank balances totaling HKD 633,593,000 [7]. - The group's property, plant, and equipment had a carrying value of approximately HKD 427,480,000 as of March 31, 2022, representing about 20.8% of the total assets, down from 22.3% in 2021 [194]. - The fair value of investment properties, including those classified as held for sale, is approximately HKD 524,086,000 as of March 31, 2022, compared to HKD 489,998,000 in 2021, representing about 25.5% of the total assets of the group (2021: 23.5%) [197]. Dividends - The company proposed a final dividend of HKD 0.03 per share and a special dividend of HKD 0.03 per share, compared to HKD 0.02 and HKD 0.05 respectively in the previous year, maintaining an annual dividend of HKD 0.09 [10]. - The board has proposed a final dividend of HKD 0.03 per share and a special dividend of HKD 0.03 per share, totaling an expected distribution of HKD 143,876,000 [32]. - The company's distributable reserves for the reporting year amounted to HKD 239,520,000, a decrease of 39.1% from HKD 393,352,000 in 2021 [38]. Operational Highlights - The company reported over 32 million live streaming views on its news platform during the reporting year, indicating strong user engagement [15]. - The revamped "on.cc" platform introduced new features, enhancing user experience and engagement with real-time news and live broadcasts [15]. - The "onCH Video" platform provided continuous news and commentary, gaining popularity for its engaging presentation style during the pandemic [16]. - The "on.net Money18" platform underwent a redesign, improving clarity and user accessibility for financial information, which was well-received by users [16]. Employee and Cost Management - The group has reduced employee numbers from 1,078 to 960, resulting in a decrease in employee costs by HKD 58,336,000, or 13% [21]. - The employee turnover rate for the group was 15% of the total workforce [52]. - The company plans to increase employee training opportunities and compensation to address the higher employee turnover rate attributed to recent immigration trends [155]. Corporate Governance - The company has adopted a corporate governance code to ensure high governance standards and protect shareholder interests [109]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced composition [113]. - The company has complied with the corporate governance code and adopted most of the recommended best practices as of the fiscal year ending March 31, 2022 [110]. - The board meets at least four times a year, approximately once per quarter, to discuss business performance and strategies [119]. Risk Management - The company has established a comprehensive risk management policy and system to effectively identify, assess, analyze, and mitigate risks associated with strategic, operational, financial reporting, and compliance objectives [151]. - The board confirmed that the risk management and internal control systems are effective and sufficient, with no unusual circumstances or additional risks identified during the annual review [157]. - The internal audit was conducted by an independent professional firm, which evaluated the effectiveness of the internal control system and risk management mechanisms [161]. Environmental and Social Responsibility - The company has implemented various environmental measures, achieving expected goals in pollution reduction and resource utilization [45]. - The company has installed a solar photovoltaic system to reduce carbon emissions and promote renewable energy usage [45]. - The company made charitable donations totaling HKD 1,160,000 during the reporting year, compared to none in 2021 [93]. Shareholder Relations - The company has established a shareholder communication policy to facilitate effective communication and encourage active participation from shareholders [175]. - The company encourages shareholders holding at least 5% of voting rights to request a general meeting and propose agenda items [170]. Audit and Compliance - The independent auditor's report confirmed compliance with ethical standards and the adequacy of audit evidence obtained [187]. - The audit procedures included evaluating the adequacy of the impairment provisions and the reasonableness of the assumptions used in the expected credit loss model [191]. - The audit committee reviewed the accounting standards and practices adopted by the group for the fiscal year [57].

官方 東方企控集團有限公司 ( 股份代號 : 18 ) 2021/ F 1 : 公司資料 | --- | --- | |------------------------------------------------|------------------------------------------------------------------------------------------| | | | | 董事會 | 企業社會責任委員會 | | 執行董事 馬澄發先生， BBS 主席 | 馬澄發先生， BBS （主席） 湛祐楠先生 浦炳榮先生， JP | | 馬澄財先生 | 公司秘書 | | 副主席 林順泉先生 行政總裁 | 朱卓婷女士 （於 2021 年 9 月 1 日辭任） 黃嘉邦先生 | | | （於 2021 年 9 月 1 日獲委任） | | 非執行董事 黎慶超先生 | 律師 | | | 姚黎李律師行 | | 獨立非執行董事 湛祐楠先生 浦炳榮先生， JP | 核數師 恒健會計師行有限公司 | | 林日輝先生 | 執業會計師 | | 常務委員會 （主席） | 主要往來銀行 | | 馬澄發先生， ...

Financial Performance - The audited consolidated annual profit for the year ended March 31, 2021, was HKD 212,831,000, a significant increase from a loss of HKD 11,567,000 in the previous year, driven by reduced production costs and operational expenses, as well as government subsidies totaling HKD 61,289,000[8]. - Total revenue for 2021 was HKD 699,619,000, a decrease of 15.0% from HKD 823,014,000 in 2020[198]. - The company reported a profit before tax of HKD 235,948,000, compared to a loss of HKD 12,296,000 in the previous year[198]. - Net profit for the year was HKD 212,831,000, a turnaround from a loss of HKD 11,567,000 in 2020[198]. - Basic and diluted earnings per share for 2021 were HKD 8.81 cents, compared to a loss of HKD 0.46 cents per share in 2020[198]. - Total comprehensive income for the year was HKD 237,718,000, recovering from a loss of HKD 28,868,000 in 2020[198]. - Other income increased significantly to HKD 93,354,000 from HKD 43,123,000, representing a growth of 116.6%[198]. - The fair value adjustment of investment properties resulted in a gain of HKD 39,896,000, contrasting with a loss of HKD 53,209,000 in the prior year[198]. - Foreign exchange gains amounted to HKD 41,634,000, compared to a loss of HKD 30,111,000 in 2020[198]. Assets and Liabilities - As of March 31, 2021, the group's net current assets were approximately HKD 1,013,168,000, an increase from HKD 875,103,000 in 2020, with cash and bank balances amounting to HKD 654,265,000[9]. - The group's capital debt ratio was 0.4% as of March 31, 2021, compared to 0.3% in 2020, indicating a stable financial position[9]. - The group has no significant contingent liabilities as of March 31, 2021, reflecting a strong financial health[11]. - The carrying value of leased properties was HKD 409,071,000, representing 20% of the total assets, down from 22% the previous year[165]. - The fair value of the group's investment properties was estimated at HKD 489,998,000, which accounted for 24% of total assets, an increase from 20% in the previous year[168]. - Significant receivables and interest amounted to HKD 292,238,000, representing about 14% of total assets, up from 12% the previous year[179]. Revenue and Dividends - Revenue from publishing newspapers and advertising decreased by HKD 135,087,000, or 20.5%, to HKD 524,647,000 compared to the previous year[21]. - Digital media advertising revenue increased by 8.8%, reaching HKD 127,519,000, an increase of HKD 10,349,000 year-on-year[21]. - The company proposed a final dividend of HKD 0.02 per share and a special dividend of HKD 0.05 per share, resulting in a total annual dividend of HKD 0.09 per share for the year[12]. - The company declared an interim dividend of HKD 0.02 per share and proposed a final dividend of HKD 0.02 and a special dividend of HKD 0.05, totaling approximately HKD 167,854,000[40]. - The available distributable reserves as of March 31, 2021, amounted to HKD 393,352,000, an increase from HKD 174,326,000 in 2020[45]. Digital Media and Engagement - The "Oriental Daily" maintained its position as the top-selling paid newspaper in Hong Kong for 45 consecutive years, highlighting its importance during the COVID-19 pandemic[17]. - The website and mobile platform "on.cc" recorded 830 million monthly page views, indicating strong reader engagement and popularity[17]. - The new platform "TiBo" was launched to provide comprehensive global sports information, enhancing the group's digital media offerings[17]. - The mobile game application "Ma Cheung Boss" became one of the most popular horse racing information apps in Hong Kong, expanding the group's digital media business[17]. - The number of readers for "Oriental Daily" reached 3,090,368, surpassing "Apple Daily" by 1,613,715 readers, or 109.3%[26]. - The company plans to enhance digital media development and user experience, targeting a younger audience with new platforms and paid multimedia content[26]. Corporate Governance - The company has complied with the Hong Kong Stock Exchange's listing rules and has adopted most of the recommended best practices in corporate governance[63]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced composition[103]. - The company has adopted a corporate governance policy to ensure high standards and protect shareholder interests[102]. - The board has established six committees: Executive Committee, Audit Committee, Remuneration Committee, Nomination Committee, Investment Committee, and Corporate Social Responsibility Committee to ensure high levels of corporate governance[112]. - The company emphasizes the importance of independent opinions from committees to maintain effective oversight and governance[112]. - The company has a shareholder communication policy aimed at promoting effective communication with shareholders and stakeholders[148]. Employee and Operational Insights - The group employed 1,078 employees as of March 31, 2021, a decrease from 1,197 employees in 2020[32]. - The employee turnover rate for the reporting year was approximately 10.1% of the total workforce[59]. - The company emphasizes employee training and development to enhance skills and knowledge[58]. - The company has established a retirement benefits plan detailed in the financial statements[86]. - The company encourages continuous professional development for all directors, providing training on financial management, corporate governance, and regulatory updates[130]. Risk Management and Compliance - The company has established a comprehensive risk management policy to identify, assess, and mitigate risks associated with strategic, operational, financial reporting, and compliance objectives[132]. - The internal control system is designed to provide reliable financial information for internal use and external reporting, ensuring compliance with applicable laws and regulations[135]. - The board is responsible for monitoring compliance with legal and regulatory requirements[108]. - The internal audit team conducts regular reviews to ensure policies and operational procedures are properly implemented and assets are adequately protected[136]. - The auditor's responsibility includes evaluating the appropriateness of accounting policies and the reasonableness of estimates and disclosures made by management[191]. Environmental Initiatives - The group has implemented various environmental measures, including the installation of solar photovoltaic systems to reduce carbon emissions[52]. - The group has adopted a paperless office initiative, utilizing electronic forms and internal communication systems to reduce paper consumption[52].

Financial Performance - Revenue for the six months ended September 30, 2020, was HKD 336,741,000, a decrease of 23% compared to HKD 436,181,000 for the same period in 2019[6] - Operating profit increased to HKD 88,989,000, up 100% from HKD 44,355,000 in the previous year[6] - Net profit for the period was HKD 87,351,000, compared to HKD 36,614,000 in the same period last year, representing a 138% increase[6] - Basic and diluted earnings per share were HKD 3.64 cents, up from HKD 1.52 cents in the previous year[8] - Total comprehensive income for the period was HKD 103,151,000, significantly higher than HKD 29,905,000 in the prior year[6] - The company's profit before tax for the six months ended September 30, 2020, was HKD 88,861,000, compared to HKD 44,225,000 for the same period in 2019, representing a 100% increase[16] - The company reported a total comprehensive income of HKD 102,345,000 for the six months ended September 30, 2020, compared to HKD 29,905,000 for the same period in 2019, marking an increase of approximately 242%[21] - The unaudited consolidated profit attributable to the owners of the company increased by 139% to HKD 87,323,000, mainly due to cost-saving measures and foreign exchange gains[67] Assets and Liabilities - Non-current assets as of September 30, 2020, amounted to HKD 953,018,000, an increase from HKD 928,587,000 as of March 31, 2020[10] - Current assets totaled HKD 1,071,313,000, compared to HKD 968,510,000 as of March 31, 2020[10] - The company's equity attributable to owners was HKD 1,413,964,000, with reserves of HKD 431,973,000 as of September 30, 2020[12] - The company reported a net cash position of HKD 645,052,000 as of September 30, 2020, compared to HKD 594,108,000 at the end of March 2020[10] - The company's total equity as of September 30, 2020, was HKD 1,851,846,000, compared to HKD 1,807,468,000 in the previous year, representing an increase of about 2.4%[21] - The net current assets as of September 30, 2020, were HKD 952,728,000, an increase from HKD 875,103,000 as of March 31, 2020[68] - The total receivables as of September 30, 2020, amounted to HKD 64,386,000, a decrease from HKD 73,932,000 as of March 31, 2020[56] - The total payables as of September 30, 2020, were HKD 10,673,000, down from HKD 15,974,000 as of March 31, 2020[57] Cash Flow - Operating cash flow for the period was HKD 44,830,000, a significant decrease from HKD 167,206,000 in the previous year, reflecting a decline of approximately 73%[16] - The net cash increase for the period was HKD 47,125,000, down from HKD 117,991,000 in the same period last year, indicating a decrease of about 60%[17] - The company’s interest income from bank deposits and short-term deposits was HKD (3,641,000), a slight improvement from HKD (4,333,000) in the previous year, showing a reduction in losses[16] Revenue Breakdown - Publishing and advertising revenue was HKD 259,474,000, down from HKD 356,200,000, representing a decline of 27.2%[33] - Internet subscription and advertising revenue remained stable at HKD 58,334,000, slightly up from HKD 58,101,000[33] - Restaurant operations revenue was HKD 3,235,000, a decrease from HKD 3,541,000[33] - Revenue from external customers in Hong Kong is HKD 331,961,000, down 22.1% from HKD 426,191,000 in 2019[39] - The advertising and circulation revenue of the "Oriental Daily" was HKD 259,474,000, a decrease of 27% compared to the same period last year[77] - Digital media advertising revenue remained stable at HKD 58,316,000, comparable to the previous year[77] Government Support - Government subsidies received included HKD 30,688,000 from the Hong Kong government's Employment Support Scheme and HKD 1,025,000 from the Australian Taxation Office's JobKeeper program[34] - The company received government subsidies totaling HKD 31,713,000 from both the Hong Kong and Australian governments[77] Foreign Exchange Impact - The company experienced a foreign exchange gain of HKD 15,800,000 during the period, compared to a loss of HKD 6,709,000 in the previous year[6] - The company recorded a foreign exchange gain of HKD 28,262,000 due to the appreciation of the Australian dollar[77] - The foreign exchange gain from properties located in Australia is HKD 43,566,000, compared to a loss of HKD 46,293,000 as of March 31, 2020[51] - The company experienced a foreign exchange loss of HKD 28,262,000 during the period, compared to a gain of HKD 11,276,000 in the previous year, indicating a significant negative shift[16] Operational Insights - The company is focusing on technology development, including a mobile application that supports advanced streaming video technology[74] - The company plans to enhance social marketing, programmatic marketing, and short video marketing strategies to boost advertising revenue as the consumer market recovers[80] - The board anticipates a downward trend in the Hong Kong property market but believes that investment properties will still generate rental income[80] - The company employed 1,189 staff as of September 30, 2020, a slight decrease from 1,197 staff on March 31, 2020[82] Shareholder Information - As of September 30, 2020, the total issued shares of the company were 2,397,917,898 shares[100] - Mr. Ma Chengfa holds 1,552,651,284 shares, representing 64.75% of the company's equity[92] - Mr. Ma Chengfa also has interests in Perfect Deal Trading Limited, which holds 149,870,000 shares, equating to 6.25% of the company's equity[91] - Mr. Ma Chengcai holds 95,916,000 shares, which is 4.00% of the company's equity[92] - Conyers Trustee Services (BVI) Limited, as trustee, holds 1,552,651,284 shares, representing 64.75% of the company's equity[96] - Ocean Greatness Limited and Marsun Holdings Limited each hold 1,552,651,284 shares, also representing 64.75% of the company's equity[96] - Magicway Investment Limited holds 1,222,941,284 shares, which is 51.00% of the company's equity[96] - Ever Holdings Limited holds 329,710,000 shares, representing 13.75% of the company's equity[96] - The total equity interests of Mr. Ma Chengfa and his spouse, Ms. Hong Meifang, amount to 1,702,521,284 shares, or 71.00% of the company's equity[96] - The ownership percentages are calculated based on the total issued shares as of September 30, 2020[100]

Financial Performance - The company reported a consolidated annual loss of HKD 11,567,000 for the year ended March 31, 2020, a decline of 114% compared to a profit of HKD 92,672,000 in the previous year, primarily due to decreased revenue from the printing media business and a drop in the fair value of investment properties in Hong Kong and Australia [7]. - The group’s main revenue source, advertising and circulation income from the "Oriental Daily," decreased to HKD 659,734,000, down HKD 75,228,000 or approximately 10.2% compared to the previous year [16]. - Digital media business revenues, including news content licensing and advertising, saw a decline, with advertising revenue at HKD 117,248,000, down HKD 5,145,000 or about 4.2% year-on-year [16]. - Total revenue from newspaper and advertising income was HKD 776,982,000, accounting for 94% of the group's total revenue, a decrease from HKD 857,355,000 in 2019 [144]. - The company reported a significant decrease in operating profit, with a loss of HKD 12,041 compared to a profit of HKD 94,973 in 2019 [189]. - The company reported a loss before tax of HKD 12,296,000 for the year ended March 31, 2020, compared to a profit of HKD 94,698,000 in 2019, indicating a significant decline in performance [197]. Assets and Liabilities - As of March 31, 2020, the company's net current assets were approximately HKD 875,103,000, an increase from HKD 821,337,000 in 2019, with cash and bank balances amounting to HKD 594,108,000 compared to HKD 524,039,000 in the previous year [8]. - Total assets decreased from HKD 1,896,544,000 in 2019 to HKD 1,803,690,000 in 2020, reflecting a reduction of approximately 4.9% [194]. - The company's total equity decreased from HKD 1,825,521,000 in 2019 to HKD 1,748,695,000 in 2020, a decline of approximately 4.2% [194]. - The group had significant receivables and interest amounting to HKD 223,922,000 as of March 31, 2020, which was about 12% of total assets [171]. - The group's accounts receivable amounted to approximately HKD 77,632,000, down from HKD 102,818,000 in 2019, with an expected credit loss provision of about HKD 3,700,000 [148]. Cash Flow - The company's net cash generated from operating activities was HKD 121,095,000 in 2020, a turnaround from a cash outflow of HKD 2,026,000 in 2019 [197]. - The company experienced a net cash inflow from investing activities of HKD 1,628,000 in 2020, compared to a cash outflow of HKD 458,000 in 2019 [197]. - Cash and cash equivalents increased to HKD 594,108,000 in 2020 from HKD 524,039,000 in 2019, representing a growth of about 13.3% [200]. Dividends - The company did not recommend the payment of a final dividend for the reporting year, compared to a final dividend of HKD 0.02 per share in 2019 [11]. - The company paid dividends of HKD 47,958,000 in 2020, a significant decrease from HKD 719,375,000 in 2019, indicating a reduction in shareholder returns [200]. Employee and Operational Metrics - As of March 31, 2020, the group employed 1,197 staff, down from 1,375 in the previous year [24]. - The employee turnover rate for the reporting year was approximately 12.2% of the total workforce [50]. - The company has implemented short-term measures to address revenue declines, including workforce reduction and cost control, while also distributing special bonuses totaling HKD 5,600,000 to frontline reporters [16]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to protect shareholder interests and enhance performance [91]. - The board consists of three executive directors, one non-executive director, and three independent non-executive directors, ensuring a balanced governance structure [92]. - The company has adopted a set of corporate governance policies in compliance with the Hong Kong Stock Exchange's listing rules [91]. - The company has established a corporate social responsibility committee to address social and environmental issues [87]. Risk Management - The company has established a comprehensive risk management policy and system to effectively identify, assess, analyze, and mitigate risks [122]. - The board and audit committee conducted an annual review of the effectiveness of the risk management and internal control systems, confirming compliance with the relevant codes [128]. - The company has established a risk management committee to oversee the reporting and disclosure of inside information [122]. Digital Media and User Engagement - The website and mobile platform of on.cc recorded over 830 million total page views per month, indicating a strong user base globally [14]. - The digital media business has diversified, with the mobile application "Horse Racing Boss" becoming one of the most popular horse racing information apps in Hong Kong [14]. - "on.cc Money18" has become one of the most popular financial information platforms in Hong Kong, with a significant increase in reader numbers during the reporting year [15]. - The company has focused on enhancing video quality and live broadcasting capabilities for its online television platform, leading to a noticeable increase in new readers [15]. Environmental Policies - The company has implemented various environmental policies aimed at reducing waste and pollution, achieving expected targets in pollution reduction and resource utilization during the reporting year [42].

Financial Performance - Revenue for the six months ended September 30, 2019, was HKD 436,181,000, a decrease of 5.3% from HKD 460,531,000 in the same period of 2018[3] - Operating profit increased to HKD 44,355,000, up 10.8% from HKD 40,189,000 year-on-year[3] - Net profit for the period attributable to owners of the company was HKD 36,512,000, representing a 12.1% increase from HKD 32,537,000 in the previous year[5] - Total comprehensive income for the period was HKD 29,905,000, compared to HKD 23,452,000 in the same period last year, reflecting a growth of 27.5%[3] - Basic and diluted earnings per share were both HKD 1.52 cents, an increase from HKD 1.36 cents in the prior year[5] - The group reported a profit before tax of HKD 44,225,000, an increase of 10.8% from HKD 40,048,000 in the previous year[45] - The group recognized interest income from loans of HKD 6,903,000, up 39.9% from HKD 4,936,000 in the same period last year[41] - The group’s operating profit from the newspaper segment was HKD 49,153,000, an increase of 7.9% compared to HKD 45,913,000 in the previous year[45] - The company’s unaudited consolidated profit attributable to owners increased by 12% to HKD 36,512,000, primarily due to effective cost-saving measures[77] Cash Flow and Assets - Cash and cash equivalents increased to HKD 639,591,000 from HKD 524,039,000, showing a growth of 21.9%[7] - Total assets as of September 30, 2019, were HKD 1,877,110,000, a decrease from HKD 1,896,544,000 as of March 31, 2019[9] - Non-current assets decreased to HKD 1,039,505,000 from HKD 1,075,207,000, indicating a decline of 3.3%[7] - Cash generated from operating activities was HKD 167,464,000, a significant recovery from a cash outflow of HKD 22,062,000 in the previous year[13] - Total cash and cash equivalents increased to HKD 639,591,000, up from HKD 533,613,000, reflecting a growth of 19.8%[14] - As of September 30, 2019, the total receivables amounted to HKD 143,794,000, a decrease from HKD 211,696,000 as of March 31, 2019[59] - The total payables as of September 30, 2019, were HKD 12,408,000, a slight decrease from HKD 13,468,000 as of March 31, 2019[64] Dividends and Shareholder Information - The company paid dividends amounting to HKD 47,958,000 during the period, a decrease from HKD 695,395,000 in the previous year[18] - The company declared a final dividend of HKD 0.02 per share for the year ending March 31, 2019, down from HKD 0.04 in 2018, with total dividends amounting to HKD 47,958,000 compared to HKD 695,395,000 in 2018[54] - As of September 30, 2019, the major shareholders include Marsun Group Limited, holding 64.75% of the company's shares, indicating concentrated ownership[100] - Marsun Holdings Limited holds 57.3% of the issued share capital of Magicway Investment Limited and Ever Holdings Limited, indicating significant ownership stakes[104] - As of September 30, 2019, no other individuals held shares or related interests recorded in the company's register under the Securities and Futures Ordinance[106] Lease and Financial Reporting Standards - The group adopted new or revised Hong Kong Financial Reporting Standards, including HKFRS 16 on leases, which did not have a significant impact on the reported amounts in the financial statements[22] - The group expects that the adoption of new Hong Kong Financial Reporting Standards will not significantly affect its performance and financial position[22] - The definition of leases under HKFRS 16 is based on the concept of control, requiring lessees to recognize right-of-use assets and lease liabilities for all leases, except for short-term leases and low-value assets[25] - Right-of-use assets are recognized at the lease commencement date and measured at cost less accumulated depreciation and impairment losses[31] Market Conditions and Future Outlook - The recent social unrest in Hong Kong has severely impacted the economy, particularly affecting tourism, hotels, and retail sectors, which is expected to pressure the group's advertising revenue in the second half of the year[88] - The board believes that once pessimism dissipates, the group's overall revenue will quickly recover due to its strong position in the industry and integration of various platforms[88] - The launch of the paid subscription for the "Oriental Daily Electronic Newspaper" in early 2020 is anticipated to generate additional revenue for the group[88] - The group plans to enhance marketing strategies by strengthening cooperation with social media and focusing on short video promotions and programmatic marketing to meet market demands[88] - Despite uncertainties in the Hong Kong economy, the board remains confident that the group's various businesses can develop steadily[90] Workforce and Operational Adjustments - As of September 30, 2019, the group employed 1,309 staff, a decrease from 1,368 on March 31, 2019, indicating a potential adjustment in workforce management[92] - The company implemented significant cost control measures, resulting in administrative expenses being maintained at reasonable levels despite the challenging market conditions[87] Financing and Debt Management - The company entered into a loan agreement on October 9, 2019, to provide a secured loan of HKD 80,000,000 at an annual interest rate of 9% for a term of 12 months[73] - The company's capital debt ratio as of September 30, 2019, was 0.4%, unchanged from March 31, 2019[78] - The group is adjusting its financing strategy in response to increasing risks in the Hong Kong property market, aiming to provide more flexible financing options to clients[90] - The group currently has no foreign currency hedging policy but will monitor exchange rate risks and consider hedging significant risks when appropriate[91] Miscellaneous - The company has not classified any financial assets during the reporting period[38] - There were no transfers between fair value levels for financial assets as of September 30, 2019[38] - The company has a total of HKD 78,572,000 in future minimum lease receipts from investment properties, increasing from HKD 67,867,000 as of March 31, 2019[68] - The company reported no overdue or impaired receivables as of the reporting date, with collateral values exceeding the book values of the receivables[60]

東向報業集團有限公司 (股份代號：18) 2019 年度報告 頁次 公司资料 2 | --- | |----------------------------| | | | 管理層討論及分析 | | 董事會報告書 | | 董事及高級管理人員個人資料 | | 企業管治報告 | | 獨立核數師報告書 | | 綜合損益及其他全面收益表 | | 綜合財務狀況表 | | 綜合現金流量表 | | 綜合權益變動表 | | 綜合財務報表附註 | | 五年財務概要 | | 主要物業表 | 3 7 15 17 27 35 37 39 41 42 103 104 l有限公司 林順泉先生 林日輝先生 | --- | --- | |--------------------------------|-------------------------------------------| | 董事曾 | 公司資料 \n企業社會責任委員會 | | 執行董事 | BBS（主,BBS（主席） | | 馬澄發先生,BBS 主席 | 湛祐楠先生 浦炳榮先生,JP | | 馬澄財先生 | 公司秘書 | | 副主席 | 鄧汝珊女士 | | 林順泉先生 行 ...