Financial Performance - The total revenue for the six months ended September 30, 2022, was HKD 29,510,000, a decrease of 24.6% compared to HKD 39,103,000 for the same period in 2021[3] - Gross profit for the same period was HKD 21,397,000, down 8.8% from HKD 23,458,000 year-on-year[3] - The operating loss increased significantly to HKD 26,109,000 from HKD 4,579,000 in the previous year, indicating a deterioration in operational performance[3] - The net loss attributable to shareholders was HKD 30,001,000, compared to a loss of HKD 6,873,000 in the prior year, reflecting a substantial increase in losses[3] - The group recorded a net loss of HKD 30,001,000 for the six months ended September 30, 2022[27] - The group reported a net loss of HKD 29,383,000 for the six months ended September 30, 2022, compared to a loss of HKD 6,873,000 in the same period of 2021, indicating a significant increase in losses[56] Assets and Liabilities - Total assets as of September 30, 2022, were HKD 717,128,000, down from HKD 757,196,000 as of March 31, 2022[9] - The company's total equity decreased to HKD 357,269,000 from HKD 368,878,000, indicating a decline in shareholder value[12] - The group’s total liabilities as of September 30, 2022, amounted to approximately HKD 76,658,000[27] - Total liabilities decreased to HKD 359,859,000 from HKD 388,318,000, indicating a reduction in financial obligations[42] - Trade receivables net amount decreased to HKD 11,630,000 as of September 30, 2022, from HKD 20,463,000 as of March 31, 2022, a decline of 43.5%[60] - Total borrowings decreased to HKD 125,374,000 as of September 30, 2022, down from HKD 143,340,000 as of March 31, 2022, representing a reduction of 12.5%[65] Cash Flow and Liquidity - The cash and cash equivalents as of September 30, 2022, were HKD 16,503,000, an increase from HKD 11,624,000 as of March 31, 2022, suggesting improved liquidity[9] - Operating cash flow for the six months was HKD 17,823,000, a significant improvement from a cash outflow of HKD 4,063,000 in the prior year[19] - The group’s cash flow from investing activities was HKD 6,733,000, a recovery from a cash outflow of HKD 13,060,000 in the previous year[19] - The group’s cash and cash equivalents at the end of the period stood at HKD 5,514,000, compared to a negative balance of HKD 13,916,000 in the previous year[22] - Cash and cash equivalents increased by HKD 17,791,000 compared to a decrease of HKD 17,430,000 in the previous year[22] Expenses - The company reported a significant increase in administrative expenses, totaling HKD 35,109,000, compared to HKD 40,315,000 in the previous year[3] - Employee benefit expenses decreased to HKD 16,189,000 for the six months ended September 30, 2022, from HKD 20,043,000 in 2021, a decrease of 19.2%[49] - The group reported a depreciation expense of HKD (6,308,000) for property, plant, and equipment, indicating ongoing capital expenditures[37] Revenue Segments - The group reported a total revenue of HKD 39,103,000 for the period, with segment revenues from cinema business, video, and concert events contributing HKD 18,390,000, HKD 9,039,000, and HKD 11,307,000 respectively[35] - Revenue contribution from the group's channel business segment decreased from approximately HKD 18,000,000 to HKD 15,000,000, primarily due to the completion of an exclusive content supply contract with HBO Asia[76] - Revenue from the film screening and licensing segment slightly declined from about HKD 9,000,000 to HKD 7,000,000[81] - The revenue from the cinema business decreased from approximately HKD 11,000,000 to HKD 7,000,000, resulting in a loss increase from HKD 9,000,000 to HKD 12,000,000 due to COVID-19 impacts[82] Investments and Future Plans - The group plans to evaluate the impact of new accounting standards and interpretations upon their initial application, with no major effects anticipated[32] - The group plans to actively seek investment opportunities that are related to its existing business or can create synergies, aiming to maximize returns for shareholders[85] - The group has entered into non-exclusive agreements with major new media platforms such as Youku, Bilibili, and Disney+ to distribute its content, enhancing its market presence[81] - The group plans to release new films, including "Justice Corridor" and "The Wind Rises Again," which are expected to generate positive market responses[81] Governance and Compliance - The company has complied with the corporate governance code as per the listing rules during the six months ending September 30, 2022[105] - The audit committee, consisting of three independent non-executive directors, reviewed the interim results for the six months ending September 30, 2022[110] - The group did not recommend an interim dividend for the six months ended September 30, 2022, consistent with the previous year[58] Miscellaneous - The group experienced a revaluation loss on investment properties of HKD (12,086,000) for the six months ended September 30, 2022, compared to a gain of HKD 8,353,000 in 2021[47] - The group recorded a fair value loss of approximately HKD 2,500,000 on financial assets, compared to a loss of HKD 900,000 in the previous year, and an investment portfolio revaluation loss of approximately HKD 12,000,000, compared to a gain of HKD 8,300,000 in the previous year[85] - The group has a total of HKD 1,722,000 in commitments related to film rights and production deposits as of September 30, 2022[72] - The group had commitments related to film rights and production amounting to approximately HKD 3,200,000, which will be funded through internal resources and available bank financing[89]

Financial Performance - The loss attributable to owners of the Company for the year is HK$39,232,000, compared to HK$58,249,000 in 2021, with no dividend recommended[12]. - The Group recorded a consolidated revenue of HK$78,218,000, down from HK$95,588,000 in 2021, and a gross profit of HK$38,573,000, compared to HK$41,047,000 in the previous year[12]. - Revenue from the Group's channel operations segment dropped from approximately HK$56 million to approximately HK$41 million, primarily due to the completion of the exclusive content supply contract with HBO Asia since June 2021[12]. - The contribution of revenues from the Group's film exhibition and film rights licensing was approximately HK$12 million[16]. - Revenue from the cinema segment dropped from approximately HK$26 million to HK$24 million due to COVID-19 impacts[19]. - The segment loss for cinema operations decreased from HK$53 million to HK$30 million[19]. - The Group incurred a net loss of HK$39,333,000 for the year ended 31st March 2022[186]. - The Group's current liabilities exceeded its current assets by HK$82,115,000 as of 31st March 2022[186]. - Cash and bank balances amounted to HK$11,624,000 as at 31st March 2022[186]. Business Operations - The media industry is transitioning from traditional media to new media, with a significant audience shift towards fast-growing OTT services[12]. - The Group is positioned as a key content provider of Chinese movies and dramas for both traditional and new media companies[12]. - In Hong Kong, the Group supplies a Chinese movie channel to TVB's new media platform myTV SUPER, providing hundreds of movies[12]. - In Taiwan, the Group offers a Chinese movie/drama channel through the telecom/OTT platform of Chung Hwa Telecom[12]. - The Group started a new media business on YouTube in November 2021, providing local movies in Cantonese[16]. - The Group has entered into agreements with major new media platforms like iQiyi, Youku, and Disney+ to expand its content distribution[19]. - The Group plans to reactivate its concert performance segment in the second half of 2022, with the next concert expected to be held soon[21]. - The Group's media businesses in Hong Kong and Taiwan maintained stable viewership and revenues during the year[16]. Future Outlook - The company provided an optimistic outlook for the next fiscal year, projecting a revenue growth of 25%[39]. - New product launches are expected to contribute an additional $100 million in revenue, with a focus on innovative technology[39]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of the next fiscal year[39]. - The board of directors emphasized the importance of corporate governance and strategic planning in driving future growth[39]. - The Company will continue to seek investment opportunities that create synergies with existing businesses to maximize returns for shareholders[26]. Corporate Governance - The Company has complied with the Corporate Governance Code for the year ended March 31, 2022, with some deviations noted[50]. - The Board of Directors consists of seven members, including three executive directors and four independent non-executive directors[54]. - The Company has established an audit committee to review financial statements and internal controls, consisting of three independent non-executive directors[67]. - The Company received annual confirmations of independence from all independent non-executive directors, complying with Listing Rules[54]. - The audit committee's primary duties include reviewing financial reports and discussing audit findings with external auditors[67]. - The Company has established formal procedures for developing remuneration policy, ensuring alignment with corporate goals[73]. - The nomination committee is responsible for assessing the independence of non-executive directors and making recommendations on their appointments[75]. Shareholder Information - As of March 31, 2022, the company's distributable reserves amounted to HK$56,450,000, consisting of a contributed surplus of HK$235,020,000 minus accumulated losses of HK$178,570,000[107]. - The company has a diverse shareholder base, with significant holdings from both individual and institutional investors[161]. - The interests and short positions of each director and chief executive in the shares and debentures of the Company were recorded as of March 31, 2022[148]. - The Company is subject to retirement by rotation and re-election of directors at the forthcoming Annual General Meeting[144]. Risk Management - The Group faced various risks and uncertainties, which are disclosed in the annual report[104]. - Significant uncertainties regarding the group's ability to continue as a going concern have been highlighted due to financial losses and liabilities[188]. - The independent auditor's report emphasizes the importance of the key audit matters identified during the audit process[192]. - Management performed sensitivity analysis on key assumptions for forecast revenue and estimated circulation and distribution costs related to impairment of film and program rights[199]. Impairment and Financial Health - Provisions for impairment of property, plant, and equipment in the cinema operation segment amounted to HK$5.8 million, down from HK$16 million in the previous year[19]. - Impairment of film and program rights and films in progress recognized for the year ended March 31, 2022 amounted to HK$3,586,000[196]. - Management's significant judgments and estimates on the recoverability of film and program rights were found to be supportable based on available evidence[199].

美亞娛樂資訊集團有限公司 MEI AH ENTERTAINMENT GROUP LTD. (於百慕達註冊成立的有限公司) 股份代號：391 2021/22 中 期 報告 美亞娛樂資訊集團有限公司 董事謹此呈報本公司及其附屬公司（「本集團」）截至二零二一年九月三十日止六個月 之簡明綜合財務資料。本集團截至二零二一年九月三十日止六個月之綜合收益表及 綜合全面收益表及本集團於二零二一年九月三十日之綜合資產負債表（全部均為未經 審核及簡明），連同選擇說明附註載列如下： 簡明綜合收益表 截至二零二一年九月三十日止六個月 | --- | --- | --- | --- | |-----------------------------------------------------|-------|----------------------------------------------|-----------------| | | | 未經審核 截至九月三十日止六個月 \n二零二一年 | 二零二零年 | | | 附註 | 千港元 | 千港元 | | 收益 | 4 | 39,103 | 32,456 | | 銷售成本 | ...

美亞娛樂資訊集團有限公司 MINITANMENT GROUPON (Incorporated in Bermuda with limited liability) (於百慕達註冊成立的有限公司) 股份代號 Stock Code: 391 2 ANNUAL REPORT 年報 CONTENTS 目錄 | --- | --- | --- | |------------------------------------------------|--------------------------|-------| | | | | | Corporate Information | 公司資料 | 2 | | Chairman's Statement | 主席報告 | 4 | | Directors' and Senior Management's Profile | 董事及高層管理人員之簡介 | 9 | | Corporate Governance Report | 企業管治報告 | 14 | | Report of the Directors | 董事會報告 | 26 | | Independent Auditor' ...

| --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------|--------------|-------|-------| | 会 \| 基亞娛樂資訊集團有限公司 \nMEI AH ENTERTAINMENT GROUP LTD. (於百慕達註冊成立的有限公司) | | | | | 股份代號：391 | | | | | | 2020/21 t 期 | 幸反 | 告 | | | | | | 美亞娛樂資訊集團有限公司 董事謹此呈報本公司及其附屬公司（「本集團」）截至二零二零年九月三十日止六個月 之簡明綜合財務資料。本集團截至二零二零年九月三十日止六個月之綜合收益表、 綜合全面收益表、綜合現金流量表及綜合權益變動表及本集團於二零二零年九月 三十日之綜合資產負債表（全部均為未經審核及簡明），連同選擇說明附註載列如下： 簡明綜合收益表 截至二零二零年九月三十日止六個月 | --- | --- | --- | --- | |------- ...

美亞娛樂資訊集團有限公司 MEI AH ENTERTAINMENT GROUP LTD. (Incorporated in Bermuda with limited liability) (於百慕達註冊成立的有限公司) 股份代號 Stock Code: 391 Annual Report 4 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|------------------------------------------------|-------|-------|--------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 目錄 | | | | | | | | | | | | | | | | | | | | Pages | | | | | | | | | | | | | | ...

登 美亞娛樂資訊集團有限公司 國際NENIERANNENT GROUND (於百慕建註冊成立的有限公司) 股份代號：391 2019/20 中 期 報 告 美亞娛樂資訊集團有限公司 董事謹此呈報本公司及其附屬公司（「本集團」）截至二零一九年九月三十日止六個月 之簡明綜合財務資料。本集團截至二零一九年九月三十日止六個月之綜合收益表、 綜合全面收益表、綜合現金流量表及綜合權益變動表及本集團於二零一九年九月 三十日之綜合資產負債表（全部均為未經審核及簡明），連同選擇說明附註載列如下： 簡明綜合收益表 截至二零一九年九月三十日止六個月 | --- | --- | --- | --- | |-----------------------------------------------------|-------|----------------------------------------------|------------------| | | | 未經審核 截至九月三十日止六個月 \n二零一九年 | 二零一八年 | | | 附註 | 千港元 | 千港元 | | 收益 | 5 | 57,478 | 57,012 ...

美亞娛樂資訊集團有限公司 MEI AH ENTERTAINMENT GROUP LTD. 股份代號 Stock Code: 391 2019 Annual Report 年報 | --- | --- | --- | --- | |------------------------------------------------|--------------------------|------------------|----------| | | | | | | | | | | | | | | | | | | | | | | | | contents | | | | | 目錄 | | | | | | | | | | Pages | | | | | 頁次 | | Corporate Information | 公司資料 | | 2 | | | | | | | Chairman's Statement | 主席報告 | | 4 | | Directors' and Senior Management's Profile | 董事及高層管理人員之簡介 | | 10 | | | | | | | | | | | | C ...