| --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|----------|-------|----------------| | | | | | | | | | SILKWAVE INC | | | | | | | | ( (I 中播數據有限公司 Stock Code 股份代號 : 471) nc (Formerly known as CMMB Vision Holdings Limited) orporated in the Cayma ...

Financial Performance - Revenue for the year ended December 31, 2021, was US$5,723,000, a decrease of 27.8% compared to US$7,153,000 in 2019[10] - Gross profit for 2021 was US$1,508,000, representing a gross margin of 26.4%[10] - The company reported a loss for the year of US$37,971,000, compared to a profit of US$22,751,000 in 2018[10] - Total assets as of December 31, 2021, were US$135,876,000, down from US$316,063,000 in 2019[10] - Non-current assets decreased to US$128,400,000 in 2021 from US$306,760,000 in 2019[10] - Total liabilities were US$42,198,000 as of December 31, 2021, compared to US$65,496,000 in 2020[10] - Net assets for the company were US$93,678,000 in 2021, a decline from US$250,567,000 in 2019[10] - Earnings per share for 2021 was a loss of 10.38 US cents, compared to a loss of 52.75 US cents in 2020[10] - The Company narrowed its loss from approximately USD 133 million in 2020 to approximately USD 38 million in 2021, a reduction of almost 70%[14] - For the year ended 31 December 2021, the Group recorded a loss of approximately US$38.0 million, a significant improvement from a loss of approximately US$133.2 million in 2020[34] - Revenue increased by approximately US$1.8 million or approximately 46% to approximately US$5.7 million, driven by the completion of TV station upgrades and increased trading of PCB materials[34] - Gross profit rose from approximately US$0.6 million in 2020 to approximately US$1.5 million in 2021, primarily due to an increase in TV rental income by US$0.7 million[34] - Administrative expenses increased by approximately 36.4% to approximately US$1.8 million compared to approximately US$1.3 million in 2020[34] - Finance costs for the year amounted to approximately US$5.1 million, a decrease from approximately US$5.6 million in 2020, primarily representing effective interest expense on convertible notes[37] Business Strategy and Market Opportunities - The company has been focusing on improving its financial position and exploring new market opportunities[10] - Future strategies include potential market expansion and the development of new technologies[10] - The Company has resumed operations of several TV stations in the US, contributing to the recovery of its revenue in the PCB trading business[14] - The upgrade to the LPTV portfolio is expected to enhance spectrum efficiency and capacity, allowing for more channel space and programming opportunities[22] - The transition to the ATSC 3.0 digital media technology standard will enable the Company to engage in new business models, including IP-based Internet broadcasting[22] - A significant market trend is the return to free-to-air TV as consumers "cut the cord" on cable and pay TV, which the Company aims to capitalize on[22] - The Company has entered a content partnership in New York to develop niche channels focused on movies and sports, competing with major networks[22] - The Company is targeting the ASEAN market, which has a population of approximately 700 million, to deploy services combining vehicles, ships, and remote mobile access, with plans for pilot services in Malaysia within the coming year[24] - The Company expects revenue and profit margins in its PCB business to improve due to technology upgrades and entry into niche products like artificial intelligence and IoT components[27] - The company plans to accelerate technology upgrades through internal growth and acquisitions to access higher margin PCB electronic products, with a focus on artificial intelligence and Internet of Things markets[93][97] Asset Management and Financial Position - Current assets amounted to approximately US$7.5 million as of December 31, 2021, an increase from approximately US$5.5 million in 2020[51] - Current liabilities decreased to approximately US$6.6 million as of December 31, 2021, from approximately US$8.6 million in 2020[52] - The Group's current ratio improved to approximately 1.13 as of December 31, 2021, compared to approximately 0.64 in 2020[52] - Total equity attributable to the owners of the Company decreased to approximately US$78.7 million as of December 31, 2021, compared to approximately US$106.1 million in 2020, primarily due to operating losses during the year[50] - The gearing ratio was approximately 26.2% as of December 31, 2021, compared to 28.8% in 2020, indicating a stable financial position[58] - The impairment loss on intangible assets for the year ended December 31, 2021, was approximately US$5.1 million, a decrease from approximately US$24.3 million in 2020[47] Corporate Governance and Management - The Company has adopted the Corporate Governance Code provisions and is committed to maintaining high standards of corporate governance throughout the year ended December 31, 2021[144] - The roles of chairman and chief executive are not separated, which deviates from code provision C.2.1 of the CG Code, but the board believes this structure benefits the group[144] - The Company has established a nomination committee as per the amendments to the Listing Rules effective January 1, 2022[148] - The Board consists of one executive Director and six non-executive Directors, with three independent non-executive Directors, representing over one-third of the Board[157] - The Company has confirmed that all Directors complied with the revised Model Code for Securities Transactions throughout the year ended December 31, 2021[150] - The Board is committed to maintaining a balanced composition of executive and non-executive Directors to ensure independent and objective judgments[155] - The Company has implemented a formal and transparent procedure for the appointment of new Directors, ensuring all Directors are subject to retirement by rotation at least once every three years[166] - The Company recognizes the importance of good corporate governance to safeguard shareholder interests and enhance group performance[143] Research and Development - The company has a strong focus on research and development in broadband wireless networks, satellite communications, and IoT technologies[116] - The company is ramping up R&D to develop higher value-added products, including upcoming satellite and connected-car electronics[105] - The maritime multimedia business has shown steady performance despite travel restrictions, with expectations for growth as sea travel resumes[94][98] - The Company is exploring business opportunities in Southeast Asia by providing turnkey solutions and creating franchising arrangements with regional operators[109] Key Personnel - Dr. Liu, the Chief Technology Officer, is a key inventor with over 70 communication patents, including more than 20 related to LTE and Mobile WIMAX technologies[116] - Mr. Yang has over 28 years of experience in finance and management, previously holding senior positions at J.P. Morgan and Goldman Sachs[120] - Mr. Lui, appointed in February 2022, has over 30 years of experience in finance and property, currently serving as COO of Kingston Financial Group[124] - Dr. Li, an independent non-executive director, has extensive experience in international financial markets and previously held senior roles in securities and investment companies[132] - Mr. Chow has over 13 years of experience in financial management and was previously CFO of China Fortune Investments[133]

CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司 INTERIM REPORT 2021 中期報告 CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司 (Stock Code 股份代號 : 471) (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） | --- | --- | --- | |-------|-------|-------| | | | | | | | | CONTENTS 目錄 Contents 目錄 Corporate Information 公司資料 2 Management Discussion and Analysis 管理層討論及分析 4 Other Information 其他資料 14 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 27 Condensed ...

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CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司 (Stock Code: 471) (Incorporated in the Cayman Islands with limited liability) | --- | --- | --- | |-------|---------|-------| | | | | | | | | | | | | | | | | | | INTERIM | | | | | | CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司 （股份代號：471） （於開曼群島註冊成立之有限公司） 中期報告 2019 目錄 目錄 公司資料 2 管理層討論及分析 3 其他資料 10 簡明綜合損益及其他全面收益表 14 簡明綜合財務狀況表 16 簡明綜合權益變動表 17 簡明綜合現金流量表 18 簡明綜合財務報表附註 19 1 中國移動多媒體廣播控股有限公司 公司資料 公司資料 | --- | --- | |-------------------------------------------------------- ...

年度報 告 CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司ANNUAL REPORT 2018 CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司 (Stock Code: 471) (Incorporated in the Cayman Islands with limited liability) ANNUAL REPORT 2018 CMMB VISION HOLDINGS LIMITED 中國移動多媒體廣播控股有限公司 （股份代號：471） （於開曼群島註冊成立之有限公司） 年度報告 2018 目錄 目錄 公司資料 2 5年財務概要 3 主席報告書 4 管理層討論及分析 6 董事及高級管理層 14 企業管治報告書 17 環境、社會及管治報告書 31 董事會報告書 39 獨立核數師報告書 45 綜合損益及其他全面收益表 50 綜合財務狀況表 51 綜合權益變動表 53 綜合現金流量表 54 綜合財務報表附註 56 1 中國移動多媒體廣播控股有限公司 公司資料 公司資料 | --- | --- | |------------- ...