Core Viewpoint - BOE Technology Group Co., Ltd. is experiencing positive market movements with a recent stock price increase and significant institutional interest, indicating a favorable outlook for the company and the LCD industry overall [1][2]. Group 1: Trading Information - As of June 6, 2025, BOE A shares closed at 3.94 CNY, up 3.68% from the previous week [1]. - On June 6, a block trade occurred with institutional net purchases amounting to 202.12 thousand CNY [2]. Group 2: Industry Insights - The LCD industry is seeing a normalization in supply and demand, with manufacturers adopting a "production based on demand" strategy, leading to a reduction in inventory levels [3]. - The mainstream LCD TV panel prices have been rising since January 2025, but demand is expected to cool down in the second quarter, stabilizing prices in May [3]. Group 3: Company Developments - BOE has made significant progress in its flexible AMOLED business, establishing a competitive edge in production capacity and technology, and is actively engaging with major smartphone brands [3]. - The Chengdu 8.6-generation AMOLED production line project has commenced equipment installation four months ahead of schedule, transitioning from construction to operational phase [4]. - The company anticipates a depreciation expense of approximately 38 billion CNY in 2024, with depreciation expected to peak this year as new projects come online and older lines reach the end of their depreciation period [4]. Group 4: Financial Announcements - BOE has received a loan commitment of 1.8 billion CNY from China Construction Bank for stock repurchase purposes, with a loan term of three years [5].

Group 1 - The core point of the article is that Lutai Textile Co., Ltd. plans to engage in derivative trading to mitigate risks associated with exchange rate and interest rate fluctuations, with a total amount not exceeding 72,356 million USD during the period from July 1, 2025, to June 30, 2026 [1][3] - On May 23, 2023, Lutai A's stock closed at 6.29 yuan, down 1.26%, with a turnover rate of 0.93% and a trading volume of 54,500 shares, amounting to a transaction value of 34.62 million yuan [1] - The capital flow on May 23 showed a net outflow of 4.38 million yuan from main funds and 0.76 million yuan from speculative funds, while retail investors experienced a net inflow of 5.14 million yuan [1][3] Group 2 - The company has developed a feasibility analysis report for its derivative trading plan, which aims to address risks arising from its foreign sales primarily denominated in USD and operations in various currencies [1] - The company will utilize financial instruments such as forwards, futures, swaps, and options to manage these risks, and has established a management system for securities investment and derivative trading [1] - The company believes that this business is necessary and feasible, as it can reduce exchange losses, control operational risks, and enhance financial stability [1]

Core Points - Lutai Textile Co., Ltd. plans to engage in derivative trading to mitigate risks associated with exchange rate and interest rate fluctuations [1] - The total amount for the derivative trading business is capped at 72.356 million USD, with a trading period from July 1, 2025, to June 30, 2026 [1] - The company aims to enhance financial stability and reduce operational risks through this initiative [1] Company Overview - As of May 23, 2025, Lutai A shares closed at 6.29 CNY, down 1.41% from the previous week [1] - The company has a total market capitalization of 5.141 billion CNY, ranking 8th in the textile manufacturing sector and 2779th among all A-shares [1] - The highest intraday price recorded during the week was 6.46 CNY, while the lowest was 6.29 CNY [1] Derivative Trading Details - The derivative trading will utilize financial instruments such as forwards, futures, swaps, and options [1] - The trading will be conducted with qualified financial institutions, using the company's own funds [1] - The company has established a management system for securities investment and derivative trading, including risk control measures and professional personnel [1]

Company Rebranding and Development - The company rebranded from "Modern Media Holdings Limited" to "Meta Media Holdings Limited" in 2022, marking a transition to a new era of development[3]. - The company rebranded from "Modern Media" to "Super Media Holdings" in 2022, marking a new development phase after over 30 years in the cultural communication industry[47]. Acquisitions and Partnerships - The group has acquired controlling stakes in "Nowness," a leading online video platform for creative culture, and "ArtReview," a magazine with over 75 years of history, enhancing its global market presence[4]. - The group has established a media partnership with Art Basel Hong Kong, set to take place from March 28 to 30, 2025, providing comprehensive communication support for the event[62]. - The group plans to collaborate with Montgomery Group to hold the PHOTOFAIRS Shanghai in May 2025, which has become a leading contemporary photography collection platform in China since its inception in 2014[64]. - The group aims to strengthen its international presence by actively hosting the Tokyo Gendai art fair in 2025, leveraging Tokyo's status as a premier art market in Asia[64]. Digital and AI Initiatives - The company launched the first "Meta Eye Festival" in 2024, focusing on the integration of art, technology, and business, showcasing immersive multimedia experiences[11]. - The group is developing an innovative content platform that combines Professional Generated Content (PGC), User Generated Content (UGC), and AI Generated Content (AIGC) to seize new opportunities in AI[11]. - The company has established the AI art platform MC2.Art, focusing on the fusion of art and technology, particularly in the field of artificial intelligence and future image production[5]. - A new AI art platform, MC2.Art, was launched in May 2024, focusing on the integration of art and technology, particularly in AI and future image production[50]. - The company is developing the Meta Eye platform to merge "image" and "art," leveraging AIGC and advanced visual creation technologies[51]. Financial Performance - The overall EBITDA increased by 32% from RMB 15.257 million in 2023 to RMB 20.17 million in 2024[26]. - The group's reported segment revenue for the art platform was RMB 187.727 million and for the digital platform was RMB 175.056 million, totaling RMB 362.783 million for the year 2024[45]. - The loss for the art platform decreased to RMB 33.397 million in 2024 from RMB 45.555 million in 2023, indicating improved performance[45]. - The digital platform achieved a profit of RMB 20.637 million in 2024, up from RMB 19.681 million in 2023[45]. - The total loss for the group narrowed by 45% to RMB 19.154 million in 2024 from RMB 34.535 million in 2023[45]. - The group expects future performance to improve as the economy gradually recovers[46]. User Engagement and Digital Platforms - The iWeekly APP attracted over 15 million users on smartphone and tablet platforms by December 31, 2024[23]. - The "InStyle iLady" APP accumulated approximately 7.33 million users, becoming a major revenue source for the digital platform[23]. - The "Business Weekly (Chinese Version)" APP user count rose to about 14.22 million, with paid content becoming a significant revenue growth point[23]. - The "NOWNESS" application achieved a cumulative download of over 13 million, serving as a platform for emerging directors and young artists[24]. - The digital platform revenue has seen varying degrees of increase across several mature mobile applications and websites, with significant growth potential expected in the future[52]. Social Responsibility and Community Engagement - The company emphasizes the importance of social responsibility, having supported special education initiatives in China for over 16 years[6]. - The company is committed to reconstructing urban culture and lifestyle through cultural products, aligning with its mission to integrate art into everyday life[14]. - The company is committed to enhancing brand value through art marketing, connecting brands with high-end consumer groups, and fostering potential consumers[54]. Governance and Board Structure - The board consists of six members, with three executive directors and three independent non-executive directors, ensuring independent oversight[83]. - The board is responsible for strategic direction, financial budgeting, and major investments, ensuring effective governance[87]. - The audit committee, consisting of three independent non-executive directors, oversees the financial reporting process and risk management[103]. - The board has established various committees under the board, including audit, remuneration, nomination, and environmental, social, and governance committees[102]. - The board consists of 33.3% (2) female directors and 66.7% (4) male directors, with a target of at least 33.3% female representation achieved[116]. Environmental and Sustainability Initiatives - The company is committed to environmental sustainability and has implemented internal recycling programs to minimize operational impact[144]. - The company plans to upgrade its air conditioning and power systems to achieve energy savings and improve air quality in the workplace[144]. Future Outlook and Strategic Goals - The strategic focus on AI, art, and technology aims to redefine the future of business and media, positioning the company as a leader in the industry[11]. - The company aims to reshape the future of business through art and technology, emphasizing a strategy of "No IP, No Business; No AI, No Entrepreneurship" by 2025[61]. - The group aims to diversify its revenue sources and improve cost efficiency to seek profit growth[155]. - The group has adopted a dividend policy to provide sustainable returns and stable dividends to shareholders[163].

Financial Performance - Revenue for the year ended December 31, 2024, was RMB 360,873 thousand, a decrease of 5% compared to RMB 381,415 thousand in 2023[3] - The net loss for the year was RMB 19,154 thousand, representing a 45% improvement from a net loss of RMB 34,535 thousand in the previous year[3] - Basic and diluted loss per share improved to RMB (0.0396) from RMB (0.0807), a 51% reduction in loss per share[3] - Gross profit for the year was RMB 130,837 thousand, down from RMB 143,393 thousand, reflecting a decline in gross margin[4] - The operating loss narrowed to RMB 7,361 thousand from RMB 20,139 thousand, showing improved operational efficiency[4] - The company reported a pre-tax loss of RMB 17,626 thousand, down from RMB 31,396 thousand in the previous year[4] - The adjusted EBITDA for the year ended December 31, 2024, was RMB 20,170 thousand, an increase from RMB 15,257 thousand in 2023[20] - The group's total reported segment revenue for 2024 was RMB 362.783 million, a decrease from RMB 382.811 million in 2023[50] - The overall EBITDA increased by 32% to RMB 20.170 million in 2024, compared to RMB 15.257 million in 2023[50] - The group's losses narrowed by 45% to RMB 19.154 million in 2024, down from RMB 34.535 million in 2023[50] Assets and Liabilities - Total assets decreased by 12% to RMB 595,244 thousand from RMB 677,468 thousand in 2023[3] - Total non-current assets decreased from RMB 330,161 thousand in 2023 to RMB 280,528 thousand in 2024, a decline of approximately 15%[7] - Current assets decreased from RMB 347,307 thousand in 2023 to RMB 314,716 thousand in 2024, representing a decrease of about 9.4%[7] - Total liabilities decreased from RMB 322,241 thousand in 2023 to RMB 300,815 thousand in 2024, a reduction of approximately 6.6%[7] - Total equity decreased from RMB 284,339 thousand in 2023 to RMB 267,586 thousand in 2024, a decline of about 5.9%[8] - The net current asset value dropped from RMB 25,066 thousand in 2023 to RMB 13,901 thousand in 2024, a decline of about 44.5%[7] - Non-current liabilities decreased significantly from RMB 70,888 thousand in 2023 to RMB 26,843 thousand in 2024, a decrease of approximately 62%[8] - Cash and cash equivalents increased slightly from RMB 35,926 thousand in 2023 to RMB 37,820 thousand in 2024, an increase of approximately 5.3%[7] - The group recorded a net cash inflow from operating activities of approximately RMB 28,716,000 in the current year, compared to RMB 25,279,000 in the previous year, representing an increase of 9.1%[90] - The group achieved a net cash inflow from investing activities of approximately RMB 25,587,000, up from RMB 19,566,000 in the previous year, indicating a growth of 30.8%[90] - As of December 31, 2024, the group's outstanding borrowings were approximately RMB 161,997,000, a decrease of 28.4% from RMB 225,990,000 in the previous year[91] - The group's asset-liability ratio improved to 31.7% as of December 31, 2024, down from 36.0% in the previous year, reflecting better financial health[91] Expenses and Costs - Distribution expenses increased to RMB 64,405 thousand from RMB 59,492 thousand, while administrative expenses decreased to RMB 83,449 thousand from RMB 100,294 thousand[4] - The total depreciation and amortization expenses for the year ended December 31, 2024, were RMB 20,416 thousand, a decrease from RMB 25,427 thousand in 2023[22] - Employee costs, including salaries and other benefits, totaled RMB 93,958,000 for 2024, down from RMB 95,844,000 in 2023[34] - The total employee cost recognized in profit or loss was approximately RMB 113,306,000, a slight decrease from RMB 116,724,000 in the previous year[97] - The finance costs for the year ended December 31, 2024, were RMB 9,902,000, slightly down from RMB 10,696,000 in 2023[30] Revenue Streams - The revenue from the Arts Platform segment was RMB 187,727 thousand in 2024, down from RMB 230,509 thousand in 2023, representing a decline of 18.5%[18] - The revenue from the Digital Platform segment increased to RMB 175,056 thousand in 2024, up 15% from RMB 152,302 thousand in 2023[18] - The geographical revenue breakdown shows that revenue from Mainland China (excluding Hong Kong) was RMB 300,025 thousand in 2024, down from RMB 324,844 thousand in 2023, a decrease of 7.6%[27] - The group received government subsidies amounting to RMB 2,960 thousand in 2024, compared to RMB 1,471 thousand in 2023[28] - The company reported no revenue from any single customer that accounted for 10% or more of total revenue for the years ended December 31, 2024, and 2023[27] Strategic Initiatives - The group anticipates future performance improvements due to economic recovery and various initiatives taken[51] - The group is expanding its international presence, particularly through the promotion of "Art Review" in Asia and Europe, and participating in major art events like ART SG[55] - A new strategy combining art and technology has been initiated, focusing on creating an innovative content platform that integrates PGC, UGC, and AIGC[55] - The launch of the first "Meta Eye Festival" in April 2024 marks a significant event celebrating the intersection of art and technology[57] - The establishment of the AI art platform MC2. Art aims to explore the integration of art and technology, particularly in the field of artificial intelligence[58] - The group is developing the Meta Eye platform to merge "image" and "art," leveraging AIGC and new technological opportunities[60] - The group is committed to promoting the integration of cultural trends and digital technology, enhancing the development of AI image art[59] - The digital platform's revenue is primarily derived from several mature mobile applications and websites, with significant growth expected in the future[62] - The "NOWNESS" application has achieved over 13 million downloads by the end of the fiscal year, serving as a platform for emerging filmmakers[63] - The group is focusing on the development of an art platform, integrating art marketing to enhance brand positioning and attract high-end consumers[64] - The group aims to establish a global online art platform to connect art enthusiasts, collectors, galleries, museums, and artists, promoting the digitization of the art market[81] Corporate Governance - The company has maintained a high level of corporate governance, regularly reviewing governance practices to meet increasing shareholder expectations and regulatory requirements[101] - The board consists of six members, with three being independent non-executive directors, ensuring a strong independent element in governance[103] - The annual performance of the group has been reviewed by the audit committee, confirming the integrity of the financial statements[105] - The financial statements have been approved by the auditor, ensuring compliance with relevant accounting standards[106] - The audited annual results will be published on the Hong Kong Stock Exchange and the company's website, providing transparency to shareholders[107]

Company Rebranding and Strategic Focus - The company has rebranded from "Modern Media Holdings Limited" to "Meta Media Holdings Limited," signaling a shift towards a focus on the metaverse and AI technologies[3] - The company aims to lead the transformation of the fashion and art industries through innovative AI-driven solutions and immersive experiences[12] - The company emphasizes the importance of new products and technologies in maintaining competitive advantage in the rapidly changing market landscape[4] - The company introduced its new slogan "Beyond The Future," emphasizing the potential and expectations of surpassing current limitations[29] - The company aims to reconstruct the future of business through art and technology, positioning itself at the intersection of art, fashion, media, and technology[31] Acquisitions and Partnerships - The company has acquired controlling stakes in Nowness, a leading creative cultural video platform, and ArtReview, a renowned art criticism magazine, enhancing its global market presence[2] - The group acquired majority stakes in the internationally recognized art platforms ArtReview and ArtReview Asia in 2019, further solidifying its position in the art market[16] - The company has formed a strategic partnership with Baidu's ERNIE Bot, gaining access to advanced AI technologies for product development and user interaction solutions[12] - The group has established strategic partnerships with major entities, including the Victoria and Albert Museum, to enhance its cultural offerings[16] - The collaboration with K11 Art Foundation aims to promote global creative exchanges through an artist residency program[67] Digital Platforms and User Engagement - The group has attracted 15.09 million users on the iWeekly APP as of December 31, 2023, enhancing its competitive edge with upgraded features[25] - INSTYLE iLady APP has accumulated approximately 7.33 million users by the end of 2023, becoming a major revenue source due to its high conversion rates[25] - The Commercial Weekly Chinese APP user base expanded to about 14.22 million by the end of 2023, with paid content becoming a significant growth driver[25] - The digital platform achieved a profit of RMB 19.68 million in 2023, a 55% increase from RMB 12.69 million in 2022, while the art platform's loss decreased by 41% to RMB 45.56 million[49] - Cumulative downloads of the "NOWNESS" app reached approximately 5 million by the end of the year, highlighting its popularity[63] Financial Performance and Growth - The group's reported segment revenue for 2023 was RMB 382.81 million, an increase from RMB 373.03 million in 2022, representing a growth of approximately 2.4%[49] - The overall EBITDA for the group turned from a loss of RMB 10.31 million in 2022 to a profit of RMB 15.26 million in 2023[49] - The group implemented cost control measures, including budget management and organizational optimization, contributing to improved financial performance[50] - The company decided not to declare any final dividend for the year ending December 31, 2023, to retain more financial resources for market challenges[180] - The company's return on equity improved from -22.8% in 2022 to -12.1% in 2023, attributed to continuous innovation and cost control measures[180] Social Responsibility and Community Engagement - The company has been actively involved in social responsibility initiatives, including the establishment of a special education school and foundation to support special education in China[5] - The company has committed £3 million to support the new photography center at the Victoria and Albert Museum, enhancing its cultural contributions[36] - The company has established the Shao Zhong Special Education Fund Award to recognize outstanding contributions in special education, reflecting its commitment to social responsibility[39] - The company has been involved in special education initiatives for over 15 years, establishing a modern special education school in Hubei Province[39] - The company operates the Shao Zhong Art Development Foundation, supporting various public art projects and promoting the diversification of modern art[41] Metaverse Initiatives - In 2022, the company established Meta City, the first metaverse city in China, in collaboration with Baidu, aiming to integrate art and technology into a new social framework[10] - The company is focused on expanding its influence in the metaverse ecosystem, positioning itself as a pioneer in the media industry's future[10] - The group is actively developing its presence in the metaverse, creating MetaZiWU, the first metaverse magazine house in China, to integrate art into daily life[58] - The launch of the Meta Eye platform, a collaboration between NOWNESS and ArtReview, aims to create a professional-grade AI video production and distribution platform[32] - The first global Metaverse Architecture Biennale launched on "Meta City," featuring nine renowned artists and architects designing digital buildings[75] Governance and Board Structure - The board of directors consists of six members, with three executive directors and three independent non-executive directors, ensuring a balanced governance structure[106] - The board has established an independence assessment mechanism to enhance its effectiveness and ensure strong independent judgment, with all directors completing the assessment by December 31, 2023[128] - The audit committee, consisting of three independent non-executive directors, held two meetings in 2023, with full attendance from all members[134] - The company has a structured approach to ensure the independence and objectivity of external auditors, with discussions held regarding the nature and scope of the audit for 2023[137] - The company provides training records for all directors, ensuring they are updated on governance and regulatory matters[119] Diversity and Inclusion - Gender diversity on the board is at 33.3%, with two female directors, and the company aims to maintain this level[149] - The senior management team has a female representation of 60%, with three out of five members being women[149] - Overall employee gender ratio shows 75.1% female representation, with 290 female employees compared to 96 male employees[149] - The company has established measurable goals for board diversity, focusing on professional skills, gender, age, and cultural diversity[145] - The company has adopted a diversity policy to improve board performance and promote equal opportunities in hiring[183] Future Business Development - The group plans to further develop its art and metaverse divisions, leveraging existing media platforms to host exhibitions and provide consulting services[195] - The group aims to enhance shareholder value through sustainable profit growth and stable dividends, depending on capital adequacy and liquidity[193] - Future business development will focus on integrating the vertical supply chain, optimizing e-commerce features, and expanding marketing consulting services[195] - The company is focused on balancing business development with risk management to maintain a robust capital position[180] - The group is expanding its international presence, particularly through the promotion of "ArtReview" in Asia and Europe, and participating in significant art events like ART SG[57]

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 381,415 thousand, representing a 3% increase from RMB 370,891 thousand in 2022[3] - The net loss for the year decreased by 52% to RMB 34,535 thousand compared to RMB 72,233 thousand in the previous year[3] - Basic and diluted loss per share improved to RMB (0.0807) from RMB (0.1625), a 50% reduction[3] - Gross profit increased to RMB 143,393 thousand, up from RMB 115,013 thousand, reflecting improved cost management[4] - The group reported total revenue of RMB 381,415 thousand for the year 2023, an increase from RMB 370,891 thousand in 2022, representing a growth of approximately 2.8%[18] - The group incurred a pre-tax loss of RMB 31,396 thousand in 2023, a significant improvement from a loss of RMB 70,223 thousand in 2022[20] - The EBITDA for the group improved from a loss of RMB 10,305,000 in 2022 to a profit of RMB 15,257,000 in 2023, marking a significant turnaround[51] - The loss in the art platform decreased by approximately 41% to RMB 45,555,000 in 2023, compared to RMB 77,751,000 in 2022[51] - The digital platform achieved a profit of RMB 19,681,000 in 2023, a 55% increase from RMB 12,692,000 in 2022[51] Assets and Liabilities - Total assets decreased by 5% to RMB 677,468 thousand from RMB 716,680 thousand in 2022[3] - The company's equity attributable to owners decreased to RMB 220,148 thousand from RMB 237,382 thousand[8] - Cash and cash equivalents decreased to RMB 35,926 thousand from RMB 40,831 thousand, indicating a need for improved liquidity management[7] - Trade receivables decreased to RMB 156,684,000 from RMB 176,950,000, representing an 11.4% decline year-over-year[41] - The company's bank borrowings amounted to approximately RMB 179,082,000 as of December 31, 2023, an increase from RMB 128,835,000 in 2022[49] - As of December 31, 2023, the total outstanding borrowings were approximately RMB 225,990,000, down from RMB 246,023,000 in 2022, indicating a reduction of about 8%[95] - The debt-to-equity ratio as of December 31, 2023, was 36.0%, an increase from 32.9% in 2022[95] Expenses and Cost Management - Administrative expenses decreased by 21.6% to RMB 100,294 thousand from RMB 127,983 thousand[4] - Financial expenses increased from RMB 7,858 thousand in 2022 to RMB 10,696 thousand in 2023, an increase of approximately 36.5%[31] - The company's financial expenses related to bank loans rose from RMB 4,913 thousand in 2022 to RMB 6,997 thousand in 2023, an increase of approximately 42.5%[31] - The total employee cost, including directors' remuneration, was approximately RMB 116,724,000, compared to RMB 105,828,000 in 2022, reflecting an increase of about 10%[102] - The group incurred employee benefits costs of RMB 95,844,000, an increase from RMB 86,581,000 in the previous year, marking a 10.5% rise[35] Revenue Segmentation - The revenue from the Arts Platform segment was RMB 230,509 thousand in 2023, up from RMB 215,866 thousand in 2022, indicating a growth of about 6.5%[18] - The revenue from the Digital Platform segment decreased to RMB 152,302 thousand in 2023 from RMB 157,162 thousand in 2022, reflecting a decline of approximately 3.1%[18] - The group generated RMB 209,480 thousand in advertising revenue in 2023, down from RMB 243,597 thousand in 2022, indicating a decline of approximately 14.0%[18] - The group’s restaurant operations generated revenue of RMB 2,157 thousand in 2023, an increase from RMB 1,536 thousand in 2022, reflecting a growth of about 40.5%[18] - Revenue from mainland China increased from RMB 317,405 thousand in 2022 to RMB 324,844 thousand in 2023, representing a growth of about 2.3%[27] Dividend and Shareholder Information - The company did not recommend the payment of a final dividend for the year ended December 31, 2023[3] - The group did not recommend any dividend payment for the fiscal year ending December 31, 2023, consistent with the previous year[36] Strategic Initiatives and Future Outlook - The group implemented cost control measures, including budget management and organizational optimization, to enhance operational efficiency[52] - The group anticipates improved performance in the future as the economy gradually recovers[52] - The company plans to replicate the Meta Media Art Festival (MMAF) as a business model to drive future profit growth[55] - The group is expanding its international presence by promoting "ArtReview" in Asia and Europe, participating in major art events like ART SG[58] - The company is committed to integrating art into urban life through its initiatives, fostering a vibrant cultural atmosphere[55] Technological and Creative Developments - The launch of the "MetaZiWU" metaverse magazine aims to create an immersive virtual space integrating art and technology[61] - The "Yuan Bang" app, a collaboration with Baidu, represents China's first cyberpunk metaverse city, merging art, culture, and technology[62] - The establishment of "NOWReview" in July 2023 aims to create a leading AI-driven visual platform, integrating "AI + visual creation" for professional-grade video production and distribution services[67] - The Meta Art Academy was officially established in April 2023, in collaboration with the China Academy of Art, focusing on immersive experiences and the integration of art and technology[78] Governance and Compliance - The company appointed Mr. Shao as the CEO and later as the Chairman of the Board, believing that this dual role will enhance business strategy execution and operational efficiency[107] - The Board consists of six members, with three being independent non-executive directors, ensuring a strong independent element in governance[108] - The annual performance has been reviewed by the company's audit committee, confirming the integrity of the financial statements[110] - The financial statements for the year have been approved by the company's auditors, ensuring compliance with relevant standards[111]

目錄 2 公司資料 4 管理層討論及分析 15 企業管治及其他資料 21 獨立審閱報告 22 簡明綜合損益及其他全面收益表 24 簡明綜合財務狀況表 26 簡明綜合權益變動表 27 簡明綜合現金流量表 28 簡明綜合財務報表附註 公司資料 董事會 執行董事 邵忠先生 （於2023年2月16日由董事會主席調任為 董事會聯席主席，兼行政總裁） 楊瑩女士 李劍先生 Deroche Alain, Jean-Marie, Jacques先生 非執行董事 鄭志剛博士 （董事會聯席主席，於2023年2月16日獲委任） 獨立非執行董事 魏蔚女士 萬捷先生 易永發先生 審核委員會 易永發先生 （主席） 魏蔚女士 萬捷先生 薪酬委員會 易永發先生 （主席） 魏蔚女士 萬捷先生 提名委員會 魏蔚女士 （主席） 萬捷先生 易永發先生 環境、社會及管治委員會 邵忠先生 （主席） 萬捷先生 鍾遠紅女士 公司秘書 總辦事處及香港主要營業地點 香港香港仔 黃竹坑道21號 環匯廣場7樓 香港主要往來銀行 陳詩婷女士 (ACG, HKACG) 授權代表 邵忠先生 陳詩婷女士 核數師 中匯安達會計師事務所有限公司 執業會計師 香港九龍 九龍灣宏照 ...

Company Rebranding and Strategic Focus - The company rebranded from "Modern Media Holdings Limited" to "Meta Media Holdings Limited" on January 14, 2022, signaling a shift towards a focus on the metaverse and advanced technologies[4] - The group changed its name to "Meta Media Holdings Limited" to reflect its focus on the metaverse and AI chatbot technologies[48] Acquisitions and Partnerships - The company has acquired controlling stakes in influential platforms such as Nowness and ArtReview, enhancing its global market presence and brand recognition[3] - The company has made strategic acquisitions, including NOWNESS and ArtReview, to enhance its international presence and build a strong ecosystem[28] - In 2023, the company formed a strategic partnership with Baidu's ERNIE Bot, gaining access to advanced AI technologies for product development and user interaction solutions[11] - The partnership with BV Baidu Venture will involve multiple specific field collaborations to design and complete the construction and operational planning of Meta City[51] Metaverse Initiatives - The company is actively expanding its influence in the metaverse, having established China's first metaverse magazine house and a cyber-aesthetic city called Meta City[9] - The group aims to expand its influence in the metaverse ecosystem, having created China's first metaverse magazine house and a cyber-aesthetic city[50] - The Yuanbang APP, a metaverse city platform, was officially launched on December 20, 2022, marking a significant milestone in the integration of art, culture, and technology in China[57] - The company is focusing on five new business models within the metaverse, including education, lifestyle, entertainment, advertising, and industrial applications[67] - The company plans to establish a comprehensive metaverse educational system, including universities and museums, to stimulate knowledge production and dissemination[68] Financial Performance - The group's total revenue for 2022 decreased by approximately 12% to RMB 373,028,000 compared to RMB 422,808,000 in 2021[47] - The group recorded a loss of approximately RMB 72,233,000 in 2022, compared to a profit of RMB 4,374,000 in 2021[47] - The EBITDA for the digital platform was RMB 32,134,000 in 2022, while the art platform recorded an EBITDA loss of RMB 42,439,000[47] - The company's return on equity decreased from 1.2% in 2021 to -22.8% in 2022 due to the global economic downturn caused by the COVID-19 pandemic[173] - The company's debt-to-equity ratio increased to 32.9% as of December 31, 2022, compared to 26.7% on December 31, 2021[173] Digital and App Development - The iWeekly APP attracted 15 million users by the end of 2022, enhancing its competitiveness with upgraded features[21] - The INSTYLE iLady APP accumulated approximately 7.2 million users by the end of 2022, becoming a major revenue source for the digital platform[21] - The Commercial Weekly Chinese version APP expanded its user base to about 12.2 million, with paid content becoming a significant revenue growth point[21] - The NOWNESS application saw a profit increase of 59% from January 1 to December 31, 2022, compared to the same period in 2021, with a total download count reaching approximately 5,100,000[63] Social Responsibility and Community Engagement - The company has been involved in social responsibility initiatives, including the establishment of a special education school and foundation, reflecting its commitment to societal contributions[4] - The company has committed to social responsibility and has established the "Shaozhong Special Education Fund Award" to support special education initiatives[36] - The company aims to enhance the attractiveness of special education and increase awareness through its initiatives[36] - The company operates a non-profit organization, the "Shaozhong Art Development Foundation," which supports modern art initiatives[38] Corporate Governance - The board of directors consists of seven members, with four executive directors and three independent non-executive directors, ensuring independent oversight[93] - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules, ensuring compliance with best practices[91] - The board has established various committees under the board to handle corporate governance matters, with each committee having a written terms of reference[121] - The company has established a board independence assessment mechanism to enhance board efficiency and protect shareholder interests[118] Future Business Development - The group aims to enhance shareholder value through sustainable profit growth and stable dividends, depending on capital adequacy and liquidity[187] - Future business development will focus on vertical industry chain integration, enhancing e-commerce features, and expanding marketing consulting services[189] - The group plans to invest more resources to strengthen the influence of the Nowness brand and achieve orderly growth in 2023 and beyond[72] - The group aims to expand its business in the European market by establishing new distribution channels and enhancing the influence of its products in the region[73] Employee and Stakeholder Relations - The total employee cost for the group as of December 31, 2022, was approximately RMB 96,827,000, with a total of 420 employees, compared to 414 employees in 2021[86] - The company aims to provide competitive compensation packages to attract and retain employees, regularly reviewing compensation against market standards[178] - The company maintains good relationships with key stakeholders, including employees, customers, service providers, and regulatory bodies, to ensure long-term business interests[180] Environmental and Sustainability Efforts - The company is committed to maintaining a sustainable environment and has implemented internal recycling programs to minimize operational impact[175] - The Environmental, Social, and Governance (ESG) Committee was formed in 2016 and is responsible for developing and implementing ESG policies and strategies[133]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Meta Media Holdings Limited 超媒體控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：72） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 全 年 業 績 公 告 財務摘要 二零二二年 二零二一年 變化 人民幣千元 人民幣千元 收益 370,891 422,895 -12% 年內（虧損）╱溢利 (72,233) 4,374 不適用 每股虧損 — 基本及攤薄（人民幣） (0.1625) (0.0232) 600% 資產總值 716,680 705,107 2% ...