HKET HOLDINGS(00423)

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经济日报集团(00423) - 2023 - 中期财报
2022-12-01 09:40
Financial Performance - The company reported revenue of HKD 515,229 thousand for the six months ended September 30, 2022, a slight decrease of 1% compared to HKD 520,463 thousand in the same period last year[4]. - Operating profit increased to HKD 40,444 thousand, representing a growth of 33.2% from HKD 30,424 thousand year-on-year[4]. - Net profit for the period was HKD 35,881 thousand, up 50.2% from HKD 23,890 thousand in the previous year[4]. - Basic and diluted earnings per share rose to HKD 8.14, compared to HKD 5.37 in the prior year, reflecting a 51.5% increase[4]. - Total comprehensive income for the period was HKD 34,853 thousand, compared to HKD 24,027 thousand in the same period last year, marking a 45.3% increase[8]. - The company recorded other income of HKD 34,598 thousand, significantly higher than HKD 867 thousand in the previous year[4]. - Advertising revenue for the period was HKD 279,621,000, slightly down from HKD 280,747,000 year-on-year[39]. - Total revenue for the group was HKD 515,229,000, a decrease from HKD 520,463,000 in the previous period[39]. - The media segment generated revenue of HKD 356,381,000, consistent with HKD 356,446,000 from the previous year[46]. - The financial news and software segment reported revenue of HKD 161,334,000, down from HKD 166,888,000 year-on-year[46]. Assets and Liabilities - Non-current assets increased to HKD 519,546 thousand from HKD 502,975 thousand, showing a growth of 3.5%[12]. - Current assets totaled HKD 680,072 thousand, slightly down from HKD 695,351 thousand, indicating a decrease of 2.3%[12]. - The company's total equity attributable to shareholders was HKD 891,376 thousand, up from HKD 885,341 thousand, reflecting a growth of 0.4%[19]. - The company reported a net cash position of HKD 191,849 thousand, down from HKD 362,765 thousand, indicating a decrease of 47.2%[12]. - Total cash and cash equivalents at the end of the period decreased to HKD 191,849,000 from HKD 219,515,000 in the previous year[25]. - Total trade receivables amounted to HKD 202,360,000 as of September 30, 2022, compared to HKD 186,476,000 at the end of March 2022, showing an increase of 8.5%[60]. - The company's cash balance as of September 30, 2022, was HKD 407,500,000, down from HKD 461,000,000 as of March 31, 2022[90]. - The current ratio improved to 2.62 times from 2.56 times, indicating better short-term financial health[86]. Cash Flow - Operating cash flow for the period was a net outflow of HKD 948,000, compared to an inflow of HKD 29,461,000 in the previous period[25]. - The net cash outflow from investing activities was HKD 134,739,000, compared to HKD 3,141,000 in the previous period[25]. Dividends and Shareholder Returns - The company paid a final dividend of HKD 28,054,000 to shareholders, an increase from HKD 25,896,000 in the previous year[25]. - The interim dividend declared for the six months ended September 30, 2022, was HKD 0.03 per share, consistent with the previous year[55]. - The company announced an interim dividend of HKD 0.03 per share, totaling HKD 12,948,000, consistent with the previous year[96]. Employee and Operational Costs - Employee costs, including director and CEO remuneration, rose to HKD 289,624,000, up from HKD 281,325,000 in the previous year, reflecting a 3% increase[49]. - Employee costs accounted for approximately 57% of total operating costs, reflecting a 3% increase due to the rising costs of recruiting and retaining digital talent[81]. - The total number of employees decreased to 1,352 as of September 30, 2022, down from 1,395 the previous year[95]. Government Support and Financial Risks - The company received government subsidies totaling HKD 33,296,000 during the period, which were primarily related to the Hong Kong government's anti-epidemic fund[48]. - The group continues to face various financial risks, including market risk and liquidity risk, which are detailed in the annual financial statements[34]. Strategic Initiatives and Future Outlook - The company plans to continue investing in digital platforms and enhancing quality content to meet the increasing demand for innovative financial solutions[85]. - The board believes that the financial position remains robust despite the deteriorating external environment[92]. - The company is closely monitoring economic and political changes to manage costs and operational efficiency amid a challenging environment[92]. Governance and Compliance - The board has appointed the same individual to serve as both Chairman and CEO to enhance strategic development and operational efficiency[113]. - The company confirmed compliance with the standard code of conduct for securities trading as of September 30, 2022[116]. - The Audit Committee reviewed the unaudited interim results for the six months ended September 30, 2022[117]. - The Compensation Committee has established its written terms of reference since 2005[118]. - The Nomination Committee has also set its written terms of reference since 2005[119]. - The interim report for 2022/2023 was presented on November 21, 2022[120]. Miscellaneous - The company has not repurchased any shares during the six months ended September 30, 2022[112]. - Major shareholders include Sky Vision Investments Limited with 20.258% and Golden Rooster Limited with 12.595% of the issued share capital[109].
经济日报集团(00423) - 2022 - 年度财报
2022-07-08 09:53
Business Strategy and Market Position - The group aims to become one of the most outstanding financial and business information service companies in the Greater China region[3]. - The core business areas include finance, real estate, quality living, and talent development, with a focus on sustainable growth to maximize shareholder returns[13]. - The group operates various media businesses, including Hong Kong Economic Times, U Lifestyle, and iMoney magazine, and has a strong presence in digital platforms[10]. - The group has a strong market position in various sectors, including financial news, lifestyle platforms, and recruitment services[20]. - The group continues to invest in digital technologies and data analytics tools to enhance user experience and meet the growing demand for targeted advertising[23]. - The financial communications and software business recorded stable performance, capitalizing on the digitalization trend in the financial market[24]. - The group has successfully secured multiple financial solution projects, indicating a positive response to the increasing demand for innovative financial solutions[24]. Financial Performance - The group's revenue increased by 4% to HKD 1.044 billion despite local economic challenges, with a significant rise in digital advertising revenue contributing to most of the advertising income[23]. - The group's net profit attributable to shareholders improved by HKD 12.2 million after excluding one-time impacts from government subsidies and asset impairment losses[23]. - For the fiscal year ending March 31, 2022, the company reported revenue of HKD 1,043,595,000, an increase of 4% from HKD 999,937,000 in the previous year[78]. - Gross profit rose to HKD 461,809,000, reflecting an 11% increase, with a gross margin of 44.3%, up from 41.6%[78][86]. - Operating profit surged by 99% to HKD 51,359,000, compared to HKD 25,781,000 in the previous year[78]. - Shareholders' profit attributable to the company increased by 7% to HKD 33,017,000, compared to HKD 30,916,000 in the previous year[78][88]. - Digital advertising revenue grew by HKD 35,700,000 or 7%, reaching HKD 559,502,000, becoming the largest segment of advertising expenditure[83]. - The effective tax rate for the fiscal year was 34.4%, a significant increase from 7.4% in the previous year, primarily due to changes in the profit composition of subsidiaries[87]. Corporate Governance - The company adheres to the corporate governance code as outlined in the Hong Kong Stock Exchange Listing Rules Appendix 14[41]. - The company has a strong commitment to maintaining high standards of corporate governance[41]. - The board consists of eight directors as of March 31, 2022, with three independent non-executive directors, accounting for one-third of the board members[42]. - The independent non-executive directors bring extensive experience from various industries, enhancing the board's effectiveness[36][37][39]. - The company has adopted a board diversity policy, considering factors such as gender, age, culture, and professional experience to achieve diversity[46]. - The board is responsible for setting the group's development direction and overseeing business performance, with management executing the operational plans[45]. - The company has established a clear division of responsibilities between the chairman and CEO, despite the dual role[45]. - The company emphasizes continuous professional development for all directors to enhance their knowledge and skills[50]. Shareholder Returns and Dividends - The board proposed a final dividend of HKD 0.065 per share, totaling HKD 0.095 per share for the fiscal year, reflecting a commitment to a sustainable dividend policy[26]. - The proposed final dividend for the year ended March 31, 2022, is HKD 6.5 cents per share, totaling HKD 28,054,000, subject to shareholder approval[108]. - The group's distributable reserves as of March 31, 2022, amounted to HKD 220,774,000, down from HKD 252,828,000 the previous year[112]. Risk Management and Internal Controls - The company has implemented a risk management and internal control system to assess and manage significant risks in financial, operational, and compliance areas, with management responsible for annual evaluations[70]. - The company maintains a robust internal audit function that continuously reviews major operational and financial controls and risk management systems across all key business operations[70]. - The company maintained a strong focus on internal controls to mitigate risks of material misstatements due to fraud or error[165]. Economic Outlook and Challenges - Global economic growth is expected to slow down due to geopolitical tensions and high inflation, impacting local economic recovery[26]. - The group is committed to monitoring economic and political changes closely while managing costs and operational efficiency prudently[26]. - The company has not adopted several new accounting standards that may impact future financial performance, with assessments ongoing[194].
经济日报集团(00423) - 2022 - 中期财报
2021-12-01 09:22
香港經濟日報集團有限公司 HONG KONG ECONOMIC TIMES HOLDINGS LIMITED 股份代號 00423 (0 C a (2 ○●● 經濟通 I 2 o)) Lifestyle CT goodjobs O 香港經濟日報集團有限公司 中期報告 2021/2022 二零二一╱二零二二年度中期業績 香港經濟日報集團有限公司(「本公司」)董事謹此公布本公司及其附屬公司(統稱「本集 團」)截至二零二一年九月三十日止六個月之未經審核中期業績。此業績已由本公司核數 師羅兵咸永道會計師事務所根據香港審閱委聘準則第2410號「由實體的獨立核數師執行 中期財務資料審閱」及本公司審核委員會進行審閱。 中期綜合收益表摘要 1 香港經濟日報集團有限公司 | --- | --- | --- | --- | |-------------------------------------------|-------|-----------------------------------------------------------|---------------------| | | 附註 | 未經審核 \n截至九 ...
经济日报集团(00423) - 2021 - 年度财报
2021-07-02 10:37
香港經濟日報集團有限公司 HONG KONG ECONOMIC TIMES HOLDINGS LIMITED 股份代號 00423 yo FSC MIX Paper from responsible sources FSC" C102068 香港經濟日報集團有限公司 年報 2020/2021 經濟日報集團 致力成為大中華區 最卓越的財經商業資訊 及服務企業之一 HDD 香港經濟日報集團有限公司 | --- | --- | |-------|-------------------------------| | 目錄 | | | 2 | 集團資料及重要日期 | | 4 | 業務架構 | | 5 | 集團概覽 策略及五大業務範疇 | | 6 | 領先優勢 追求卓越 市場領導者 | | 7 | 獎項 | | 8 | 主席報告 | | 10 | 董事會資料 | | 14 | 企業管治 | | 22 | 管理層討論及分析 | | 27 | 董事會報告 | | 34 | 獨立核數師報告 | | 42 | 經審核財務報表 | | | | 103 五年財務概要 1 年報 2020/2021 | --- | --- | |--- ...
经济日报集团(00423) - 2021 - 中期财报
2020-12-02 08:36
香港 經 濟 日 報 集 團 有 限 公 司 HONG KONG ECONOMIC TIMES HOLDINGS LIMITED 股份代號 00423 ging 香港經濟日報集團有限公司 中期報告 2020/2021 二零二零╱二零二一年度中期業績 香港經濟日報集團有限公司(「本公司」)董事謹此公布本公司及其附屬公司(統稱「本集 團」)截至二零二零年九月三十日止六個月之未經審核中期業績。此業績已由本公司核數 師羅兵咸永道會計師事務所根據香港審閱委聘準則第2410號「由實體的獨立核數師執行 中期財務資料審閱」及本公司審核委員會進行審閱。 中期綜合收益表摘要 1 香港經濟日報集團有限公司 未經審核 截至九月三十日止六個月 二零二零年 二零一九年 | --- | --- | --- | --- | |--------------------------------------------|-------|---------------------|-------------------| | | 附註 | 千港元 | 千港元 | | 收益 銷售成本 | 3 5 | 467,809 (292,467) | 602,6 ...
经济日报集团(00423) - 2020 - 年度财报
2020-07-03 09:14
MIX FSC" C102068 l R- 查海 經濟日報集 目有限公 HONG KONG ECONOMIC TIMES LDINGS LIMITED 股份代號 00423 香港經濟日報集團有限公司 年報 2019/2020 : 經濟日報集團 | --- | --- | |-----------------|--------------| | | | | | | | 致力成為 | | | | | | | | | | | | | | | 最卓越 | 財經商業資訊 | | 及 服務企業之一 | | 年報 2019/2020 1 香港經濟日報集團有限公司 目錄 | --- | --- | |-------|-------------------------------| | | | | 2 | 集團資料及重要日期 | | 4 | 業務架構 | | 5 | 集團概覽 策略及五大業務範疇 | | 6 | 領先優勢 追求卓越 市場領導者 | | 7 | 獎項 | | 8 | 主席報告 | | 10 | 董事會資料 | | 14 | 企業管治 | | 22 | 管理層討論及分析 | | 27 | 董事會報告 | | 34 ...
经济日报集团(00423) - 2020 - 中期财报
2019-12-04 09:38
香港經濟日報集團有限公司 HONG KONG ECONOMIC TIMES HOLDINGS LIMITED 股份代號 00423 Bo STILL 香港經濟日報集團有限公司 中期報告 2019/2020 1 二零一九╱二零二零年度中期業績 香港經濟日報集團有限公司(「本公司」)董事謹此公布本公司及其附屬公司(統稱「本集 團」)截至二零一九年九月三十日止六個月之未經審核中期業績。此業績已由本公司核數 師羅兵咸永道會計師事務所根據香港審閱委聘準則第2410號「由實體的獨立核數師執行 中期財務資料審閱」及本公司審核委員會進行審閱。 中期綜合收益表摘要 1 香港經濟日報集團有限公司 | --- | --- | --- | --- | |-------------------------------------------|-------|---------------------------------------------------------|---------------------| | | 附註 | 未經審核 截至九月三十日止六個月 \n二零一九年 \n千港元 | 二零一八年 \n千港元 | | 收益 ...
经济日报集团(00423) - 2019 - 年度财报
2019-07-04 04:05
香港 經 濟 日 報 集 團 有 限 公 司 HONG KONG ECONOMIC TIMES HOLDINGS LIMITED 股份代號 00423 . . . . . . . 香港經濟日報集團有限公司 . 年報 D- . . . . . . . . | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 經 濟日報集團 致力成為大中華區 最卓 越 的 財 經 商 業 資訊 及服務企業之 | | | | | | | | | | | | | | | | | | | | | | | | 目錄 | --- | --- | |------------------|--------------------| | | | | 2 ........ ...