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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示不會就本公佈全部或任何部分 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。 CRAZY SPORTS GROUP LIMITED 瘋 狂 體 育 集 團 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：82） 年全年業績公佈及 2022 建議採納新組織章程大網及 細則 董事會欣然公佈本集團截至2022年12月31日止年度的經審核綜合業績。該等業績 已由本集團核數師香港立信德豪會計師事務所有限公司根據香港審計準則審核，並 經審核委員會審閱。 於本公佈中，「我們」指本集團。 截至12月31日止年度 2022 2021 變動 港幣千元 港幣千元 （%） ...

Financial Performance - For the first half of 2022, Crazy Sports Group reported a revenue increase of 25.1% year-on-year, reaching HKD 286.5 million, with a profit attributable to shareholders of HKD 49.2 million[13]. - Total revenue for the first half of 2022 reached HKD 286.5 million, a 25.1% increase compared to HKD 229.0 million in the same period of 2021[54]. - The gross profit for the first half of 2022 was HKD 129.9 million, compared to HKD 103.7 million in the same period of 2021[54]. - The group recorded a profit of HKD 49.2 million for the period, down from HKD 62.0 million in the previous year, attributed to increased marketing expenses[70]. - The net profit for the period was HKD 49,202 thousand, down from HKD 61,967 thousand in the previous year, reflecting a decline of 20.7%[143]. - Basic earnings per share decreased to HKD 1.09 from HKD 1.37, indicating a decline of 20.4% year-over-year[143]. - The company’s total comprehensive income for the period was HKD (105,371) thousand, a significant decrease from HKD 159,087 thousand in the previous year[143]. User Growth and Engagement - The total user base grew by 48.8% year-on-year to 57.9 million, with monthly active users reaching 3.37 million, an increase of 28.6%[13]. - The number of large customer users has grown by 500% due to tailored service offerings, enhancing user retention and engagement[24]. - Crazy Red Single aims to capitalize on the World Cup opportunity, having already initiated strategic preparations for product upgrades and user promotions[26]. - The Dream Sports APP successfully attracted a large number of users during the 2022 Beijing Winter Olympics, enhancing user engagement through interactive guessing games[30]. Business Expansion and Strategy - The company is expanding its digital sports entertainment business, focusing on the trillion-dollar market in China, and has established a comprehensive online and offline sports community ecosystem[13]. - Crazy Sports Group launched China's first sports metaverse game "Crazy Soccer" and a digital collectibles platform "Qian Kun Digital Collection" in early 2022[13]. - The company is diversifying its business to enhance operational efficiency and optimize cost-effectiveness across various segments[15]. - Crazy Sports Group is developing original IP with traditional Chinese cultural characteristics, launching a new mythological-themed card game "Tai Chu Xing" to cater to the preferences of younger audiences[15]. - The company aims to create a synergistic development platform combining content, ecology, and technology to attract the "Z generation" audience[13]. Revenue Streams - The revenue of the sports knowledge payment platform, Crazy Red Single APP, increased by 42.0% year-on-year to HKD 96.7 million in 2022[20]. - The revenue from the sports social interaction platform, Crazy Sports APP, decreased by 5.6% year-on-year to HKD 31.1 million[28]. - The sports lottery retail service revenue grew by 26.7% year-on-year to HKD 6.4 million, despite challenges from the pandemic[33]. - The sports and leisure gaming business revenue increased by 7.6% year-on-year to HKD 132.3 million, driven by multiple game updates and new releases[37]. - The newly launched digital collectibles platform, QianKun Digital Collection, generated revenue of HKD 20.0 million within three months of operation, significantly contributing to revenue growth[57]. Cost Control and Financial Management - Administrative expenses as a percentage of sales decreased by 4.75 percentage points year-on-year to 13.4% as of June 30, 2022, indicating improved cost control[15]. - The company has implemented cost control measures on underperforming products while reallocating resources to higher revenue-generating businesses[56]. - Sales and marketing expenses increased by 93.1% to HKD 81.9 million, mainly due to the launch of the digital collectibles platform and marketing costs for the 2022 World Cup strategy[65]. Investments and Financial Position - As of June 30, 2022, the group's investment portfolio was valued at HKD 340.8 million, down from HKD 406.6 million at the end of 2021[71]. - The group invested HKD 336.7 million in private equity funds, accounting for 27.1% of total assets[73]. - The company holds a 45.49% stake in Asia Bank, which aims to provide online digital banking services[77]. - Asia Bank recorded a loss of HKD 52 million for the period, compared to a loss of HKD 46 million in the same period of 2021[77]. - The company’s liabilities included current liabilities of HKD 286,853 thousand, slightly down from HKD 297,682 thousand in the previous year[147]. Market Opportunities - The company is leveraging the upcoming Qatar World Cup to enhance user engagement and drive sales, with a focus on creating World Cup-specific products and activities[17]. - Crazy Red Single is collaborating with over 40 existing partners to create a content matrix for the World Cup, enhancing its market presence[26]. - The company plans to release multiple football games in conjunction with the 2022 FIFA World Cup, covering various game genres and themes[45]. Corporate Governance and Compliance - The company has complied with all applicable corporate governance codes as per the listing rules during the reporting period[125]. - The establishment of the executive committee was approved on July 5, 2022, to enhance daily operations management[127].

Company Performance - In 2021, the company achieved a revenue of HKD 511.2 million and a gross profit of HKD 229.2 million, representing year-on-year growth of 70.0% and 75.3% respectively[31]. - The company's total revenue for 2021 was HKD 511.2 million, representing a 70.0% increase compared to HKD 300.8 million in 2020[74]. - The gross profit for 2021 was HKD 229.2 million, up 75.3% from HKD 130.7 million in 2020, with a gross margin of 44.8%[81]. - The revenue of Crazy Sports APP increased by 89.8% year-on-year to HKD 85.4 million, significantly enhancing user conversion and monetization across business lines[37]. - The sports lottery retail service revenue increased by 1160% year-on-year, with over 7,000 retail outlets established across 17 provinces and cities in China[50]. - The online sports knowledge payment platform, Crazy Red Single APP, recorded a revenue of HKD 131.3 million, with an annual growth rate exceeding 140%[32]. - The sports and leisure gaming business revenue grew by 32.0% year-on-year to HKD 263.6 million, supported by the successful launch of multiple new games[43]. User Engagement and Growth - The total user base increased by 50% year-on-year to 48.06 million, with monthly active users growing by 134% to 2.56 million[31]. - The number of downloads for Crazy Sports APP in 2021 was 300% higher than the same period last year, driven by the excitement surrounding the European Cup[39]. - The user base for Crazy Sports expanded significantly, covering nearly 70% of Chinese sports users through partnerships with over 40 platforms[36]. - The European Cup and Tokyo Olympics activities attracted nearly one million users to participate in themed betting games on the Dream Match APP[40]. Technological Innovation - The company is focusing on technological innovation, increasing investment in R&D to enhance user experience and product offerings[34]. - The integration of technologies such as AI, big data, and cloud computing is key to the company's rapid business growth and competitive advantage[34]. - The introduction of exclusive football index analysis and basketball big data services aims to optimize event interpretation and pre-match analysis[34]. - The company aims to lead the digital transformation of the sports industry, positioning itself as the first digital sports entertainment stock in Hong Kong[28]. Strategic Partnerships and Events - The company plans to leverage upcoming major sports events in 2022, such as the Beijing Winter Olympics and the Qatar World Cup, to significantly boost revenue and user engagement[28]. - Crazy Sports signed contracts for numerous sports events, including the International Professional Boxing Union and the Chinese Men's Handball Super League, enhancing its live broadcast and interactive entertainment offerings[41]. - The company aims to capitalize on major sporting events in 2022, including the Asian Games and the FIFA World Cup, to boost user acquisition and revenue growth[59]. Sustainability and Corporate Responsibility - The group emphasizes the importance of responsible procurement and supplier management as part of its sustainability strategy[145]. - The company is committed to protecting customer data and privacy, as well as preventing bribery, fraud, and money laundering[145]. - The company has established an Environmental, Social, and Governance (ESG) Committee in November 2021 to oversee sustainability strategies and performance reporting to the board[146]. - The company has engaged independent sustainability consultants to enhance data collection and provide recommendations for future sustainability efforts[146]. - The company emphasizes fair employment practices, ensuring equal opportunities regardless of gender, race, or other factors[175]. Financial Investments - The group invested a total of HKD 402.5 million in private equity funds, representing 29.6% of total assets[64]. - The group reported a dividend income of HKD 10.0 million from the New Rock Capital Fund in 2021, compared to zero in 2020[66]. - The group received dividend income of HKD 16.7 million from the CPC Fund in 2021, down from HKD 26.5 million in 2020[64]. - The group plans to launch new football games and esports leagues in conjunction with the World Cup strategy[60]. Employee Development and Training - The group regularly provides training for directors and employees to enhance their skills and knowledge[115]. - In 2021, the company provided a total of 8,355 training hours for 115 employees, averaging 72.7 hours per employee[184]. - The training hours breakdown shows that senior management received an average of 10.8 hours, middle management 25.0 hours, and general staff 94.8 hours[186]. - The company implemented a comprehensive training program for new employees, ensuring they understand the corporate culture and operational processes[183]. Regulatory Compliance and Risk Management - The company has implemented controls to comply with new laws and regulations to mitigate regulatory risks associated with its core business in China's internet infrastructure[113]. - The company has established a product self-inspection task force to ensure compliance with regulations regarding online gaming, particularly for underage users[192]. - The company strictly prohibits the sale of lottery tickets to individuals under 18 years old, with clear signage placed in retail locations[196]. - The company has not violated any laws regarding child labor or forced labor in 2021[188].

Financial Performance - For the six months ended June 30, 2021, the group reported a profit of HKD 62.0 million, with a net profit margin of 27.1%, compared to a loss of HKD 16.4 million in the same period last year [26]. - Revenue from continuing operations grew by 58.0% year-on-year to HKD 229.0 million [27]. - Gross profit from continuing operations increased by 67.9% year-on-year to HKD 103.7 million, with a gross profit margin rising by 2.7% to 45.3% [28]. - Total revenue for the six months ended June 30, 2021, was approximately HKD 229.0 million, representing a 58.0% increase compared to the same period in 2020 [75]. - The gross profit for the same period was HKD 103.7 million, up from HKD 61.7 million in 2020 [75]. - Profit before tax increased to HKD 54,907,000, compared to HKD 26,649,000 in the previous year, marking a 106.5% growth [178]. - Net profit for the period was HKD 61,967,000, a significant recovery from a loss of HKD 16,363,000 in the same period of 2020 [179]. - Total comprehensive income for the period was HKD 159,087,000, compared to HKD 71,256,000 in 2020, reflecting a 123.5% increase [182]. User Growth and Engagement - The total user base of the sports entertainment platform grew by 63.4% year-on-year to 38.9 million, with monthly active users reaching 2.62 million, a year-on-year increase of 275.2% [29]. - The average revenue per paying user (ARPPU) for new users reached RMB 150 within half a month, with more than 3 payments made on the first day [44]. - The total user base recorded a growth of 63.4% year-on-year, driven by the introduction of products with renowned sports IPs and an upgraded sports knowledge payment platform [78]. - The Crazy Sports Group's online community activities attracted over 30,000 participants during promotional events [57]. Revenue Streams - Revenue from the Crazy Red Single APP increased over 5 times year-on-year to HKD 68.1 million, surpassing the total revenue for 2020 [44]. - The Crazy Sports APP's revenue grew by 57.1% year-on-year to HKD 33.0 million, facilitating business conversion and monetization [54]. - Revenue from the sports knowledge subscription platform and sports social interaction platform generated a total of HKD 101.1 million, with growth rates of 505.6% and 57.1% respectively compared to 2020 [82]. - Revenue from sports and leisure mobile games rose to approximately HKD 122.9 million, reflecting a growth of 9.6% [82]. - The sports lottery retail service generated approximately HKD 5.0 million in commission income, a nearly ninefold increase from HKD 0.5 million in the same period of 2020 [56]. - The sports and leisure gaming business revenue increased by 9.6% year-on-year to HKD 123.0 million, maintaining steady growth [58]. Strategic Initiatives - The group has launched the "Dream Event Platform" and "Duo Duo Points System," which received approval from the Hainan provincial government and completed the filing process, with the platform undergoing testing in June [38]. - The company has launched the "Dream Event Platform," which integrates event information, services, predictions, live broadcasts, and betting, aiming to enhance user engagement in sports entertainment [66]. - The "DuoDuo Points System" has been launched, providing users with a platform for redeeming various Hainan specialty products, contributing to the development of Hainan's international tourism consumption center [74]. - The company has entered into a strategic partnership with Huobi Group to leverage blockchain technology for creating a transparent betting ecosystem [74]. - The introduction of the "Dream Event Platform" is expected to attract international and influential events to Hainan, with plans to host hundreds of international boxing events over the next three years [67]. - The group aims to leverage technologies such as AI and blockchain to enhance traditional sports events, focusing on a business model driven by "events + betting" and "IP + sports games" [41]. Investment and Assets - As of June 30, 2021, the group's investment portfolio amounted to approximately HKD 496.4 million, up from HKD 412.3 million at the end of 2020 [96]. - The group invested HKD 463.5 million in private equity funds, representing 34.9% of total assets [96]. - The total assets of the group as of June 30, 2021, were approximately HKD 1,328.0 million, an increase from HKD 1,187.2 million at the end of 2020 [112]. - The total equity attributable to the owners of the company increased to HKD 1,032,055 from HKD 864,333, reflecting a growth of around 19.43% [198]. Cash Flow and Liabilities - Net cash inflow from operating activities was approximately HKD 3.4 million, down from HKD 18.7 million in the same period last year, primarily due to a significant increase in accounts receivable [106]. - Net cash outflow from investing activities was approximately HKD 31.4 million, compared to HKD 21.7 million in the previous year, mainly due to the purchase of intangible assets totaling HKD 28.8 million [109]. - The company’s total liabilities decreased to HKD 269,248 from HKD 289,717, a decrease of approximately 7.06% [195]. Share Options and Corporate Governance - The company granted 10,000,000 stock options under the 2012 plan during the reporting period [144]. - The exercise price for stock options granted is set at HKD 0.229, with an exercise period from January 25, 2018, to March 18, 2026 [146]. - The share options plan aims to align the interests of employees and directors with the company's long-term performance [151]. - The company has a total of 73,500,000 share options available, with various exercise prices and expiration dates, indicating a strategic approach to incentivizing employees and directors [157]. - The company appointed new independent non-executive directors on January 1, 2021, leading to a reclassification of certain share options [158].

Restructuring and Business Focus - In 2020, the company underwent a significant restructuring, focusing on its core business of sports and lottery-related operations, which has become the main profit driver [19]. - The company announced the termination of its telecommunications media business by the first quarter of 2021 due to low profit margins and lack of market opportunities [19]. - The restructuring aims to streamline financial, personnel, and other resources to concentrate on the most profitable and promising business segment—Crazy Sports [20]. - The decision to focus on sports and lottery operations aligns with the overall interests of the company and its shareholders [21]. - The company has terminated its telecommunications media and e-commerce operations to focus on its more profitable sports business [31]. - The company aims to focus resources on the development of its sports business and other high-return investments following the restructuring of its telecommunications media segment [76]. Financial Performance - The company achieved a cumulative profit of RMB 180 million over three years, demonstrating strong profitability capabilities [26]. - The group completed a restructuring on December 7, 2020, and agreed to subscribe to the China-Arab Satellite Fund for a total amount of $11,080,000 [85]. - The group's revenue for the year ended December 31, 2020, was HKD 300,805,000, an increase from HKD 185,975,000 in 2019, representing a growth of 61.6% [94]. - The gross profit for the same period was HKD 130,701,000, compared to HKD 124,096,000 in 2019, showing a slight increase of 5.3% [94]. - The net loss for the year was HKD 131,336,000, a reduction from a loss of HKD 190,536,000 in 2019, indicating an improvement of 30.9% [94]. - The group recorded a loss of HKD 131.3 million in 2020, an improvement from a loss of HKD 190.5 million in 2019 [118]. Market Position and Strategy - The company is positioning itself as the largest sports lottery and entertainment community operator in China, combining online information services and offline lottery retail terminals [17]. - The sports industry is viewed as a vast economic resource, and the company plans to build an ecosystem around sports lottery retail, sports entertainment, and information services [21]. - The company plans to expand its sports entertainment business in Hainan, leveraging blockchain technology for a new betting platform and points exchange system [24]. - The company is committed to becoming the largest digital sports entertainment group in China [15]. - The company plans to introduce both domestic and international events to its betting platform, creating a comprehensive sports and esports service platform [24]. User Engagement and Growth - The user base exceeded 200 million, supported by the operation of China's largest mobile lottery platforms, "Lottery 365" and "China Sports Lottery Network" [35]. - Crazy Sports established a points system for user engagement, allowing users to earn points through activities and redeem them for rewards, fostering user habits [55]. - The user base of Crazy Sports app grew despite the pandemic, driven by the introduction of third-party event broadcast rights and engaging short video content [54]. - The company has established partnerships with 27 high-traffic sports media platforms, enhancing user and brand coverage for monetization [47]. - The management team has over 10 years of experience in the sports lottery and entertainment industry, positioning the company for effective competition and long-term goals [43]. Sustainability and Corporate Responsibility - The group has committed to sustainable development, as reflected in its Environmental, Social, and Governance (ESG) report [159]. - The company emphasizes responsible lottery operations, focusing on safety, health, and sustainable development in its sports lottery business [171]. - The company aims to enhance its corporate social responsibility by integrating sustainability into its business operations and addressing key sustainability issues [170]. - The company established a Corporate Social Responsibility Committee in January 2021 to assist the board in implementing sustainability policies and regularly report on performance [170]. - The company has engaged independent third-party consultants to facilitate data collection and provide recommendations for future sustainability efforts [170]. Employee Management and Workforce - The company employed a total of 90 employees as of December 31, 2020, and has implemented a stock option plan to incentivize staff [134]. - The company conducted annual performance evaluations to assess employee performance and adjust compensation accordingly [196]. - The workforce composition includes 29% female and 71% male employees [199]. - The majority of employees (86%) are full-time, while 14% are part-time [199]. - The company emphasizes equal promotion opportunities for female employees [195].

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 ...