Financial Performance - The company's after-tax loss significantly decreased by 61.8% to approximately HKD 164 million, attributed to increased revenue from its core sports business and cost-cutting measures [19]. - Total revenue was approximately HKD 1,066.5 million, with a gross profit of HKD 54.1 million; sports and lottery-related business revenue grew by 53.0% to about HKD 144.9 million, while telecommunications media and e-commerce revenue declined by 10.8% to approximately HKD 921.6 million [21]. - Total revenue for the six months ended June 30, 2020, was HKD 1,066.5 million, a decrease of 5.5% compared to HKD 1,127.994 million in the same period of 2019 [99]. - The revenue from sports and lottery-related business was HKD 144.9 million, accounting for 13.6% of total revenue, compared to HKD 94.7 million (8.4%) in 2019 [100]. - Revenue from telecommunications media and e-commerce business was HKD 921.6 million, representing 86.4% of total revenue, down from HKD 1,033.261 million (91.6%) in 2019 [100]. - Gross profit for the six months ended June 30, 2020, was HKD 54.1 million, down from HKD 74.2 million in the same period of 2019 [95]. - The company reported a loss before tax of HKD 22.1 million, an improvement from a loss of HKD 43.8 million in the same period of 2019 [95]. - The company’s net loss for the period was HKD 16.4 million, compared to a net loss of HKD 42.8 million in 2019 [95]. - The group recorded a loss of approximately HKD 16.4 million, a 61.8% reduction compared to a loss of approximately HKD 42.8 million in the same period of 2019 [126]. - The adjusted EBITDA for the period was HKD 1,942,000, down from HKD 2,547,000 in the previous year, reflecting a decrease of about 24% [136]. User Growth and Engagement - The number of registered users for the Crazy Sports APP increased by 15% to 23.78 million by the end of June 2020 [26]. - As of June 30, 2020, the registered users of Crazy Sports and Crazy Red Card platforms reached approximately 23.78 million, representing a 15% increase from December 2019 [53]. - The user base for the sports competitive card games has been stable, contributing significantly to the revenue, with popular titles including "Hot Pot Mahjong" and "Super League Poker" [61]. - The official Chinese version of "Soccer Manager 2020" has surpassed 1.5 million registered users in China [64]. Business Strategy and Expansion - The company is actively expanding its market coverage for Crazy Sports, collaborating with 17 major platforms and several convenience store chains for lottery sales [26]. - The company aims to leverage the policy advantages of the Hainan Free Trade Port to boost its internet sports business [28]. - The company is focused on establishing two-way communication channels with investors to enhance understanding of its strategies and financial performance [29]. - The company is committed to strengthening its core internet sports ecosystem despite challenges posed by the pandemic [23]. - Crazy Sports plans to install sports lottery terminals in no less than 15,000 retail outlets across various provinces in China, in collaboration with major chains like Guangdong CR Vanguard and JD Convenience [55]. - Crazy Sports aims to leverage the new retail strategy to enhance user acquisition and expand its online lottery services through offline retail channels [59]. - The company is expanding its core business by leveraging the synergy between online and offline operations to boost sales of online sports lottery products [35]. - The company aims to activate its 200 million user resources through refined operations and promotional strategies, directing online users to offline lottery sales points [34]. Product Development and Innovation - The company launched a new upgraded mobile game related to the Chinese Super League, marking its entry into football e-sports [27]. - The company is focusing on developing and launching sports leisure games, utilizing resources from 16 clubs and over 500 players in the Chinese Super League [36]. - The company has launched new paid products, such as "Premium Courses" and "Plan Lists," to enhance its knowledge payment system and user engagement [48]. - Crazy Sports has initiated a cloud gaming strategy in collaboration with China Mobile, with the native cloud game "Dream Football" expected to launch by the end of November 2020 [66]. - The company has introduced over 100 domestic sports games and plans to launch the WALAGame sports gaming platform in the second half of 2020 [65]. - Crazy Sports officially entered the esports market with the launch of the upgraded official mobile game "Live Super League," featuring 16 clubs and over 500 licensed players from the Chinese Super League [70]. Community and Cultural Engagement - The company launched various collaborative programs and original productions to enhance cultural exchange between China and Arab countries during the reporting period [86]. - The company plans to continue promoting cultural exchanges and trade cooperation between China and Arab countries in the second half of 2020 [91]. - The company’s platform generated over 10 million views and 1.2 million user interactions during its COVID-19 reporting efforts [91]. Financial Position and Assets - The total assets of the company as of June 30, 2020, were approximately HKD 1,355,200,000, up from HKD 1,272,300,000 as of December 31, 2019, indicating a growth of about 6.5% [145]. - The company had cash and cash equivalents of approximately HKD 68,413,000 at the end of the period, compared to HKD 83,544,000 at the end of 2019 [138]. - The financing activities generated a net cash inflow of approximately HKD 12,663,000, mainly due to a new share placement that raised approximately HKD 14,800,000 [143]. - The capital debt ratio as of June 30, 2020, was approximately 1.1%, calculated based on total borrowings divided by equity attributable to the owners of the company [146]. - The company’s investment portfolio recorded a fair value increase of approximately HKD 99,300,000 during the period, primarily from a mobile internet fund invested in 2016 [136]. Shareholder and Equity Information - The company has issued a total of 1,032,563,113 shares, representing approximately 24.08% of the total issued share capital [164]. - The shareholding structure includes significant interests held by Zhang Lijun and Wang Chun, each owning 1,032,563,113 shares, equating to 24.08% [167]. - The company granted 23,000,000 stock options during the reporting period under the stock option plan [185]. - The stock options granted are subject to the terms of the First Video Plan, which was approved by shareholders on April 27, 2012 [184]. - The total number of share options granted during the period was 23,000,000, with an exercise price of HKD 0.385 [190]. - The company has adopted a share incentive plan to reward key management and employees, effective for a period of 10 years [200]. - The total number of share options granted to other participants was 20,000,000, with 6,000,000 options exercised during the period [194]. - The exercise period for the options ranges from 2019 to 2023, indicating a long-term incentive strategy [194]. - The company aims to enhance employee retention and motivation through the share incentive and option plans [200].

Revenue and Financial Performance - Total revenue for the year was HKD 2.4 billion, with a gross profit of HKD 127.3 million, and an adjusted EBITDA improvement of 89.9% to HKD 18.5 million[26]. - The company achieved a significant reduction in net loss by nearly 71% and generated a gross profit of approximately HKD 127.3 million during the year[20]. - The sports and lottery-related business generated revenue of HKD 186.0 million with a gross profit of HKD 124.1 million, resulting in a gross margin of 66.7%[26]. - The telecommunications media and e-commerce business reversed from a gross loss to a gross profit of HKD 3.2 million, with revenue of HKD 2.3 billion[26]. - Total revenue for the year ended December 31, 2019, was HKD 2,444.8 million, a decrease from HKD 3,381.8 million in 2018[88]. - Gross profit for 2019 was HKD 127.3 million, compared to a gross loss of HKD 32.6 million in 2018[88]. - The company recorded a net loss of HKD 190.536 million for 2019, a significant improvement from a loss of HKD 654.988 million in 2018[88]. - The annual loss for 2019 was HKD 190.5 million, significantly improved from a loss of HKD 655.0 million in 2018[185]. Business Growth and Strategy - The new internet sports ecosystem based on 5G technology has become the main source of revenue for the company, making it the first internet sports lottery concept stock in Hong Kong[16]. - The revenue from Crazy Sports has reached and exceeded RMB 50 million in guaranteed profit, indicating significant growth in the sports and lottery-related business[17]. - The company has established partnerships with 8,960 retail stores of 12 major convenience chain enterprises in China, expanding its new retail business in sports lottery[17]. - The company aims to provide lottery sales services through the synergy of online and offline operations, continuously expanding its user base[17]. - The company plans to actively introduce financial and strategic investors to support business development, anticipating explosive growth in the sports lottery market due to upcoming major sporting events[22]. - The acquisition of Crazy Sports for HKD 630 million is expected to enhance the company's user base and profitability, with profit guarantees for the next three fiscal years[32]. - The company is focusing on a new retail strategy for sports lottery, collaborating with major convenience store chains and authorized lottery sales outlets in China[32]. - The company aims to solidify its market position in the sports lottery sector, leveraging strong technological capabilities and a focus on user engagement to enhance conversion rates and create new revenue streams[139]. User Engagement and Community Development - The company has successfully built a user resource base of 200 million through its platforms, establishing a unique competitive advantage in the lottery service industry[31]. - Crazy Red Single published over 230,000 analysis articles in 2019, establishing itself as a leading player in the paid lottery knowledge sector in China[38]. - The company aims to enhance its expert team by attracting analysts familiar with the European football industry for upcoming major sports events in 2020[45]. - The mobile application serves as a sports community and live streaming platform, enhancing user engagement through virtual currency and personalized content[63]. - The company reported a significant increase in user engagement, with a 25% year-over-year growth in active users[158]. Technological Innovation and Development - The company has a strong focus on innovation and digital interpretation to enhance the online and offline sports community lottery ecosystem[9]. - The company aims to leverage its technological capabilities to promote the widespread adoption and sustainable development of the internet and sports industries[22]. - The company is investing $20 million in R&D for AR/VR technologies, with plans to release new applications by Q3 2024[163]. - A strategic acquisition of a smaller tech firm was completed, enhancing the company's capabilities in blockchain technology[161]. Environmental, Social, and Governance (ESG) Initiatives - The group aims to become a leading internet sports enterprise in China, focusing on social responsibility and sustainable development[168]. - The board has established a working group for environmental, social, and governance (ESG) matters to engage stakeholders and identify key issues[168]. - The group recognizes the significance of employee welfare, equal work environments, and occupational health and safety in its operations[180]. - The group emphasizes the importance of greenhouse gas emissions monitoring and energy efficiency in its operations[180]. - The group maintains a complaint hotline and email for consumer feedback throughout the year[175]. Market Position and Future Outlook - The company anticipates that the market will gain confidence as geopolitical issues become clearer, with a focus on the future development opportunities in the internet sports market[134]. - The sports industry in China is a trillion-level market, with significant growth driven by national policy support and upcoming sports events, which are expected to boost offline sports lottery sales[135]. - The company has set a target to expand its market presence in Southeast Asia, aiming for a 30% market share by 2025[161]. - New product launches are expected to contribute an additional $50 million in revenue over the next fiscal year[163]. - The management team emphasized a focus on improving operational efficiency, targeting a 10% reduction in costs by the end of the fiscal year[158]. Financial Management and Governance - The company has implemented strict governance standards and complies with the Hong Kong Stock Exchange's corporate governance code[188]. - The company maintains a zero-tolerance policy towards bribery and corruption, ensuring compliance with high ethical standards[198]. - The group requires all employees to comply with applicable laws and ethical standards to avoid conflicts of interest[200]. - Employees found guilty of serious misconduct or embezzlement will face immediate termination without compensation and may be liable for economic damages[200].

Financial Performance - Total revenue for the six months ended June 30, 2019, was HKD 1,218,477, a decrease of 22% compared to HKD 1,565,159 for the same period in 2018[14] - Gross profit for the period was HKD 74,220, compared to a gross loss of HKD 6,479 in the previous year[14] - The net loss for the period was HKD 42,801, significantly improved from a net loss of HKD 132,804 in the same period last year[14] - Total comprehensive loss for the period was HKD 63,327, compared to a total comprehensive loss of HKD 122,901 in the previous year[14] - The company reported a basic and diluted loss per share of HKD 0.98 cents, an improvement from HKD 3.94 cents in the previous year[14] - The company reported a loss before tax of HKD 43,779 for the same period, with telecommunications media segment showing a loss of HKD 32,168 and the mobile games segment showing a profit of HKD 30,676[55] - The company reported a loss before tax of HKD 41,208,000 for the six months ended June 30, 2019, compared to a loss of HKD 130,083,000 for the same period in 2018, indicating a significant improvement[71] - Loss attributable to owners for the period was approximately HKD 41,208,000, a decrease of about 68.3% compared to the same period in 2018, mainly due to increased gross profit from new business and improved margins[150] Assets and Liabilities - Non-current assets as of June 30, 2019, totaled HKD 1,215,744, slightly down from HKD 1,218,487 as of December 31, 2018[18] - Current liabilities increased to HKD 546,962 from HKD 398,870 at the end of the previous year[18] - The total assets as of June 30, 2019, amounted to HKD 1,642,982, with HKD 467,205 attributed to telecommunications media and HKD 572,803 to mobile games and live streaming platforms[56] - The total liabilities for the same period were HKD 582,331, with HKD 222,176 from telecommunications media and HKD 48,889 from mobile games and live streaming platforms[56] - The company reported a retained earnings deficit of HKD 1,830,218 as of June 30, 2019[30] - The company’s total equity decreased by HKD 17,749 due to the acquisition of additional ownership interests[26] Cash Flow - As of June 30, 2019, the company reported a net cash inflow from operating activities of HKD 12,272, compared to a net outflow of HKD 173,662 in the same period of 2018[30] - The company experienced a net cash outflow from investing activities of HKD 51,588 for the six months ended June 30, 2019, compared to HKD 22,426 in the previous year[30] - The total cash and cash equivalents at the end of the period were HKD 83,544, down from HKD 266,971 at the end of June 2018[30] - As of June 30, 2019, the group's cash and cash equivalents were HKD 83,544,000, down from HKD 131,918,000 at the end of 2018[152] - The group reported a negative working capital of HKD 119,724,000 as of June 30, 2019, compared to a positive working capital of HKD 17,334,000 at the end of the previous year[152] Shareholder Information - Dr. Zhang holds 1,032,563,113 shares, representing approximately 24.51% of the total issued share capital[161] - Ms. Wang also holds 1,032,563,113 shares, equivalent to about 24.51% of the total issued share capital[162] - The company has a total of 9,000,000 stock options, with Dr. Zhang directly holding 4,000,000 options[161] - The company's major shareholders include Dr. Zhang and Ms. Wang, with significant holdings in various subsidiaries[168] Corporate Governance - The company has not appointed a CEO, with responsibilities shared among executive directors, which is considered a cost-effective approach[183] - All directors attended the annual general meeting held on May 28, 2019, ensuring compliance with corporate governance standards[183] - The company will continue to monitor and review its corporate governance practices to ensure compliance[184] - The company confirmed that all directors adhered to the trading standards set forth in the listing rules during the reporting period[185] Market Strategy and Development - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[12] - The company aims to enhance its investment strategy and portfolio management by expanding into mobile gaming and live streaming platforms in China[53] - The group focused on a sales strategy prioritizing gross margin over volume, contributing to improved gross profit from higher-margin products sold by Quantum Port and Crazy Sports[121] - The group established a media integration development strategy center to enhance user interaction through multi-channel and multi-angle approaches[125] - The company is establishing a media industry alliance to promote international cultural exchange and business cooperation along the Belt and Road[133] Employee Information - The group employed 234 staff members as of June 30, 2019, and has implemented an employee stock option plan to incentivize performance[154] - The total employee costs (excluding directors' remuneration) for the six months ended June 30, 2019, were HKD 29,794,000, a decrease from HKD 50,848,000 in 2018[64] Accounting Policies - The company’s financial statements were prepared in accordance with HKFRS 34, with no significant changes in accounting policies from the previous year[33] - The company adopted HKFRS 16, which requires lessees to recognize assets and liabilities for all leases longer than 12 months, unless the asset is of low value[42] - The company confirmed the right-of-use assets at HKD 29,906,000, which corresponds to the recognized lease liabilities[44] Investment and Fair Value - The fair value of financial assets measured at fair value through profit or loss included compensation for profit guarantees of HKD 2,290,000, listed equity investments of HKD 13,792,000, and derivatives of HKD 41,690,000, totaling HKD 57,772,000[85] - The company recognized a fair value loss of HKD 11,096,000 for the mobile internet fund as of June 30, 2019, with a fair value of HKD 254,069,000[87] - The company reported a fair value loss of HKD 19,581,000 on NASDAQ-listed securities during the period[93] - The company purchased a put option linked to NASDAQ-listed securities, resulting in a fair value gain of HKD 19,489,000 during the period[93]

2018 年報 數字+新文體戰略佈局 第一視頻集團有限公司 (於百慕達註冊成立之有限公司) 股份代號: 82 24 case . .... :84 ... ...... : 目 錄 目 錄 公司概況 2 公司資料 3 主席報告 6 34 董事會 報告書 10 企業管治 報告 44 環境、社會及 管治報告 58 購股權計劃 53 管理層討論 與分析 財務報告頁 74 獨立核數師報告書 78 綜合損益及其他全面收益表 79 綜合財務狀況表 81 綜合權益變動表 82 綜合現金流量表 84 財務報表附註 180 五年財務資料概要 公司 概況 公司 概況 第一視頻集團有限公司 （「本公司」或「第一視頻」， 連同其附屬公司統稱「本集團」） 是中國最大的新媒體產業集團之一， 其主要專注於發展電信媒體，包括網絡視聽 新媒體、電視台、網絡體育與遊戲、網絡貿易平台、 IP衍生品業務及其他互聯網+業務。 http://www.v1.cn http://ir.v1group.com.hk 第一視頻集團有限公司 | 2018年報 2 公司 資料 公司 資料 董事會 公司秘書 主要營業地點 執行董事 梁偉東先生（於二零一九年 中國 二 ...