FF301 致：香港交易及結算所有限公司 公司名稱: Emperor Culture Group Limited 英皇文化產業集團有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00491 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 50,000,000,000 | H ...

Group 1 - The company, Emperor Culture Industry (00491), expects a significant reduction in net loss for the fiscal year ending June 30, 2025, to not more than HKD 200 million, compared to HKD 715 million in 2024 [1] - The improvement in net loss is primarily attributed to a substantial decrease in impairment provisions for right-of-use assets and property, plant, and equipment, which are expected to be reduced to not more than HKD 70 million, down from HKD 428 million in 2024 [1]

Group 1 - The core viewpoint of the article is that Emperor Culture Industry (00491) expects a significant reduction in net loss for the fiscal year ending June 30, 2025, to not more than HKD 200 million, compared to HKD 715 million in 2024 [1] - The improvement is primarily attributed to a substantial decrease in impairment provisions for right-of-use assets and property, machinery, and equipment, which are expected to be reduced to not more than HKD 70 million, down from HKD 428 million in 2024 [1]

由於本集團仍未落實本年度之經審核全年業績（「全年業績」），本公告所包含資料僅根據 現有所得資料而作出。全年業績擬定於 2025 年 9 月下旬刊發。 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告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 （於百慕達註冊成立之有限公司） （股份代號：491） 盈利預告 淨虧損大幅收窄 本公告乃由英皇文化產業集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據 香港聯合交易所有限公司證券上市規則第 13.09(2)(a)條及香港法例第 571 章證券及期貨條 例第 XIVA 部之內幕消息條文而作出。 本公司董事會（「董事會」）謹此知會本公司股東及潛在投資者，根據對本集團所得最新 財務資料進行之初步評估，本集團之淨虧損預計於截至 2025 年 6 月 30 日止年度（「本年 度」）將大幅收窄至不多於 200,000,000 港元（2024 年：715,000,000 港元）。有關改善主要 是由於本年度就使用權資產及物業、機器及設備之減值撥備大幅減少至不多 ...

Group 1 - The core viewpoint of the news highlights the performance of Emperor Culture Industry (00491.HK), which saw a stock price increase of 9.52% to HKD 0.046, despite a cumulative decline of 2.33% over the past month and an underperformance of 18.61% compared to the Hang Seng Index this year [1] - Financial data indicates that for the year ending December 31, 2024, Emperor Culture Industry reported total revenue of HKD 225 million, a year-on-year decrease of 9%, and a net profit attributable to shareholders of -HKD 52.62 million, reflecting a year-on-year increase of 60.32% [1] - The company's gross margin stands at 60.55%, with a high debt-to-asset ratio of 283.53% [1] Group 2 - The media and entertainment industry has an average price-to-earnings (P/E) ratio (TTM) of -6.34 times, with a median of -1.23 times, while Emperor Culture Industry has a P/E ratio of -0.21 times, ranking 110th in the industry [1] - Other companies in the industry include Huashi Group Holdings (01111.HK) with a P/E of 1.76 times, Yaoxing Technology Group (08446.HK) at 2.55 times, Vaporsphere Metaverse (08093.HK) at 3.39 times, Guoen Holdings (08121.HK) at 4.05 times, and HYPEBEAST (00150.HK) at 5.89 times [1] - Emperor Culture Industry primarily engages in entertainment, media, and cultural development, operating a total of 24 theaters as of June 30, 2022, including locations in mainland China, Hong Kong, Macau, and Malaysia [2]

Market Overview - The Hong Kong stock market experienced a collective pullback on May 28, with the Hang Seng Index down by 0.53%, the Hang Seng Tech Index down by 0.15%, and the Hang Seng China Enterprises Index down by 0.31% [1] - Despite the overall decline, the energy sector showed resilience, with companies like Yanzhou Coal Mining and China Shenhua Energy seeing gains of 2.31% and 1.2% respectively [1] Sector Performance - The consumer sector showed a clear "high cut low" trend, with brands like Pop Mart and Mixue experiencing significant pullbacks after reaching new highs, dropping 7.12% and 5.53% respectively [2] - The technology sector also faced mixed results, with Kuaishou's net profit exceeding expectations, leading to a 5.95% increase in its stock price, while other tech giants like Meituan and Tencent saw declines [2] Capital Flows - Southbound capital saw a net inflow of 291.12 billion yuan in May, with a significant portion directed towards defensive sectors, particularly the financial sector, which attracted 223.9 billion yuan [4] - The trend indicates a structural change in capital flows, with individual investors dominating the southbound capital, making the market more sensitive to changes in sentiment [4] Valuation and Market Sentiment - Analysts suggest that the current valuation of the Hong Kong stock market is at a historical average level, with potential for recovery in both valuation and earnings, particularly in sectors benefiting from domestic demand policies [6] - The market is expected to experience a rebound in the third quarter, supported by improved liquidity and the return of quality companies to the Hong Kong market [6] Future Outlook - The ongoing listing of quality companies and the influx of capital are expected to enhance the asset quality and liquidity of the Hong Kong market [6] - Analysts predict that the combination of domestic growth policies and the resurgence of the AI industry will reshape the valuation of the technology sector, leading to a dual recovery in valuation and earnings for the Hong Kong market [6]

Company Overview - Emperor Culture Industry Group Limited (491.HK) primarily engages in entertainment, media, and cultural development, including theater operations and investments in films and various cultural activities [2] Financial Performance - As of December 31, 2024, Emperor Culture Industry reported total revenue of 225 million yuan, a year-on-year decrease of 9% [1] - The company recorded a net profit attributable to shareholders of -52.62 million yuan, representing a year-on-year increase of 60.32% [1] - The gross profit margin stood at 60.55%, while the debt-to-asset ratio was 283.53% [1] Stock Performance - As of May 19, the stock price closed at 0.041 HKD per share, reflecting a 7.89% increase with a trading volume of 1.08 million shares and a turnover of 42,900 HKD [1] - Over the past month, the stock has seen a cumulative increase of 5.56%, but it has declined by 5% year-to-date, underperforming the Hang Seng Index, which has risen by 16.38% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the media and entertainment industry (TTM) is -4.96 times, with a median of -1.07 times [1] - Emperor Culture Industry's P/E ratio is -0.19 times, ranking 109th in the industry [1] - Comparatively, other companies in the sector have the following P/E ratios: China Vision Group Holdings (1.74), VAPOR (2.93), Yao Xing Technology Group (3.09), Guo En Holdings (3.38), and HYPEBEAST (6.64) [1]

Revenue and Financial Performance - Total revenue for 2024 is projected to be $243.1 million, down from $267.2 million in 2023, representing a decrease of approximately 9.5%[3] - The company reported a net income of $196.5 million for 2024, compared to $220 million in 2023, reflecting a decline of about 10.7%[5] - The company reported revenue of $651 million for the fiscal year ending December 31, 2024, compared to $776 million for the same period in 2023, representing a decrease of approximately 16.1%[9] - Total revenue for 2023 is projected to be $32.133 billion, with a net loss of $1.445735 billion[23] - For the fiscal year ending December 31, 2024, the company expects revenue to be $32.133 billion, with a net loss of $1.588953 billion[23] - The company anticipates a net loss of $2.160884 billion for the fiscal year ending July 1, 2024[23] - The company reported a net loss of $3.138 billion for the fiscal year ending December 31, 2024, indicating a need for strategic adjustments[23] - The company reported a revenue of $1.2 billion for the fiscal year ending December 31, 2024, with a projected revenue of $954.4 million for the fiscal year ending December 31, 2027[31] - The company expects to achieve a revenue target of $1.347122 billion for the fiscal year ending June 30, 2024[23] - The company reported a revenue increase of 84.636 million for the fiscal year ending June 30, 2024, compared to 81.986 million in the previous year[25] - The company reported a total revenue of $4,121,416,834, representing a 74.71% increase year-over-year[76] - The company anticipates a revenue target of $4,298,630,000 for the next quarter, which is a 63.41% growth projection[76] - The company has set a future outlook for 2024, projecting a total revenue of $2,371,313,094, with a growth rate of 73.80%[78] User Engagement and Metrics - User engagement metrics showed a slight decrease, with active users at 46,618 compared to 47,222 in the previous year, indicating a drop of 1.3%[3] - User data showed a decline in active users from 63.2 million in 2023 to 51.1 million in 2024, indicating a drop of about 19%[9] - The company reported a significant increase in user data, with 912,843 active users, up from 58,658 in the previous year[25] - User data showed a total of 53,508 million users in 2024, an increase from 50,255 million users in 2023, reflecting a growth of about 4.5%[52] - User data indicates a significant increase in active users, contributing to overall performance improvements[83] Strategic Initiatives and Future Outlook - The company plans to expand its market presence, targeting a 20% increase in user acquisition through new marketing strategies in 2024[6] - The company anticipates a recovery in revenue growth, projecting a 10% increase in Q2 2025 compared to Q2 2024[8] - Future guidance indicates a focus on digital transformation initiatives, aiming for a 15% increase in operational efficiency by the end of 2025[7] - The company expects to maintain a gross margin of approximately 16% for the upcoming fiscal year[35] - The company is committed to reducing operational costs by 2% in 2024, aiming for improved efficiency[34] - The company has outlined a strategy for mergers and acquisitions to strengthen its market position and expand its product offerings[35] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of $100 million allocated for this purpose in 2024[6] - The company is focusing on market expansion strategies, particularly in the Asia-Pacific region, to drive future growth[54] - The company is exploring potential mergers and acquisitions to strengthen its market position and expand its product portfolio[54] - The company has outlined a comprehensive roadmap for product innovation and market penetration through 2025, targeting substantial revenue growth[82] Research and Development - Research and development expenses are projected to rise to $56.8 million in 2024, up from $143.2 million in 2023, indicating a strategic shift in resource allocation[5] - Research and development expenses increased to $147.2 million in 2024 from $160.9 million in 2023, a decrease of about 8.5%[12] - Research and development expenses for 2023 were $22,179 million, indicating a commitment to innovation despite financial losses[42] - Research and development expenses for 2024 were reported at $36,624 million, compared to $30,601 million in 2023, reflecting an increase of about 19.7%[61] - The company has prioritized research and development efforts to drive technological advancements[83] Operational Efficiency and Cost Management - The gross margin is expected to improve to 80.8% in 2024, up from 82.3% in 2023, despite the overall revenue decline[5] - The total operating expenses for 2024 were $36,926 million, up from $29,166 million in 2023, indicating a rise of approximately 26.5%[61] - The company is also exploring new strategies to improve operational efficiency, which is expected to yield a positive impact on profit margins[78] - Operational efficiency improvements have been noted, contributing to better profit margins[83] Product Development and Innovation - New product launches are expected to contribute an additional $50 million in revenue for the upcoming fiscal year[7] - The company plans to introduce three new products in 2025, aiming to capture a larger market share and enhance user engagement[10] - New product launches are anticipated to drive growth, with a focus on expanding into emerging markets[47] - New product launches contributed to a revenue increase of $3,156 million in 2024, compared to $9,485 million in 2023, showing a decline in contribution from new products[58] - The company is investing in new technology development, which is expected to drive user engagement and revenue growth in the upcoming fiscal year[78] - New product developments are underway, focusing on innovative technologies to enhance user experience[83]

Financial Performance - Total revenue for the six months ended December 31, 2024, decreased to HKD 243.1 million, down 9.0% from HKD 267.2 million in 2023[5] - The group's EBITDA increased significantly to HKD 50.5 million, compared to HKD 5.5 million in the previous year, due to effective cost control measures[7] - Net loss for the period was HKD 56.8 million, a substantial improvement from a net loss of HKD 143.2 million in 2023[7] - The company reported a net loss attributable to shareholders of HKD 56,823,000 for the six months ended December 31, 2024, compared to a loss of HKD 143,218,000 in the same period of 2023, representing a 60.3% improvement[26] - Total comprehensive loss attributable to shareholders was HKD 56,746,000 for the six months ended December 31, 2024, down from HKD 142,245,000 in 2023, indicating a significant reduction in losses[26] - The basic and diluted loss per share for the period was HKD 0.018, compared to HKD 0.045 in the previous year, reflecting a 60% decrease in loss per share[26] - The group reported a loss before tax of HKD 56,823,000 for the six months ended December 31, 2024, compared to a loss of HKD 143,218,000 for the same period in 2023, indicating an improvement in performance[35][48] - The cinema operations segment recorded a loss of HKD 26,904,000 for the six months ended December 31, 2024, compared to a loss of HKD 118,489,000 for the same period in 2023[35][37] Revenue Breakdown - Box office revenue was HKD 196.5 million, representing 80.8% of total revenue, a decline from 82.3% in 2023[7] - Hong Kong market revenue increased by 2.7% to HKD 141 million, while revenue from mainland China decreased to HKD 90.1 million, down 23.2% from HKD 117.3 million[7] - For the six months ended December 31, 2024, the group's revenue from cinema operations was HKD 243,147,000, a decrease of 9.0% compared to HKD 267,186,000 for the same period in 2023[40] - The cinema ticket revenue decreased to HKD 196,529,000 in the six months ended December 31, 2024, from HKD 219,964,000 in 2023, reflecting a decline in ticket sales[42] Cash and Liabilities - The group reported cash and cash equivalents of HKD 67.2 million as of December 31, 2024, down from HKD 84.6 million on June 30, 2024[12] - Total borrowings increased to HKD 1,024.7 million, up from HKD 977 million as of June 30, 2024[12] - As of December 31, 2024, the company's total current liabilities were HKD 362,374,000, a decrease from HKD 386,252,000 as of June 30, 2024[22] - The net liabilities of the company increased to HKD 1,347,122,000 as of December 31, 2024, compared to HKD 1,290,376,000 as of June 30, 2024[23] Financial Strategy and Outlook - The company has implemented various financial performance and resource improvement plans to enhance its financial performance and liquidity[28] - The company anticipates ongoing uncertainty regarding market supply and box office revenues due to external factors affecting recovery[27] - The company is focusing on improving its financial performance and liquidity to capitalize on future growth opportunities[28] - The group plans to leverage its brand to capture opportunities in the growing disposable income and living standards in mainland China[11] Government Support and Other Income - The group received government subsidies amounting to HKD 875,000 in the six months ended December 31, 2024, compared to HKD 443,000 in the same period in 2023, showing a significant increase[47] - The group reported a total of HKD 4,772,000 in other income for the six months ended December 31, 2024, compared to HKD 3,095,000 in 2023, indicating growth in other revenue streams[47] Financial Costs and Receivables - The company's financial costs, excluding lease liabilities, amounted to HKD 27,195,000 for the six months ended December 31, 2024, compared to HKD 22,179,000 in 2023, indicating an increase in financial expenses[35][48] - Financial costs for the six months ended December 31, 2024, amounted to HKD 53,508,000, an increase from HKD 50,255,000 in the same period last year[50] - Trade receivables increased to HKD 38,361,000 as of December 31, 2024, up from HKD 30,601,000 as of June 30, 2024[55] - Trade payables rose to HKD 69,623,000 as of December 31, 2024, compared to HKD 59,638,000 as of June 30, 2024[58] Corporate Governance - The company did not declare any interim dividend for the period, consistent with the previous year[16] - The company has not made any provisions for income tax in Hong Kong or other jurisdictions due to the absence of taxable profits[51] - The company has complied with all corporate governance codes as per the listing rules during the period[60]

财联社1月20日讯(编辑胡家荣)受电影春节档预售利好提振，部分影视股走强。截至发稿，英皇文化产 业(00491.HK)、猫眼娱乐(01896.HK)、阿里影视(01060.HK)分别上涨13.16%、4.02%、3.85%。 注：影视股的表现 消息方面，2025年春节档已于昨日(19日)正式开启预售。灯塔专业版数据表明，截至1月20日11时15 分，2025春节档(1月28—2月4日)档期预售总票房突破2亿元，刷新中国影史春节档预售最快破2亿纪 录。 在首日预售票房排名中，《射雕英雄传：侠之大义》成绩居前，以1.03亿元领先。《哪吒之魔童闹海》 和《唐探1900》也表现不俗，首日票房分别为3311.7万元及3215.2万元。 在电影行业，春节档一直占据着举足轻重的地位。一位资深电影发行人士分析道："春节档堪称全年电 影市场的核心票仓，是孕育高票房头部影片的绝佳档期。"2025年春节档更是备受瞩目，定档影片大多 凭借重磅IP或高票房前作积累了庞大的观众基础，且类型题材丰富多元，涵盖了多种受众喜好。 猫眼娱乐市场分析师赖力也发表观点，从整体局势来看，2025年春节档的竞争态势十分激烈。各方都对 这些大片寄予厚望， ...