Financial Performance - Revenue for the year ended December 31, 2023, was RMB 759,836 thousand, a 6% increase compared to RMB 719,490 thousand in the previous year[6] - Rental income decreased by 25% to RMB 40,360 thousand from RMB 53,519 thousand due to the sale of office units and parking spaces, as well as reduced rental rates for some properties[7] - Operating expenses decreased by 3% to RMB 90,336 thousand, accounting for 11.9% of revenue, down from 13.0% in the previous year, reflecting cost control measures[8] - Profit attributable to equity shareholders increased to RMB 96,778 thousand, up from RMB 41,350 thousand in the previous year, mainly due to a one-time gain from the sale of investment properties[13] - Content business revenue decreased by 7% year-on-year to RMB 64.496 million, down from RMB 69.155 million in the previous year, primarily due to delays in project production and acceptance cycles[32] - The company's profit attributable to equity shareholders (before dividends) was approximately RMB 96.78 million (2022: RMB 41.35 million), which was transferred to reserves[138] - Cultural Development recorded revenue of approximately RMB 27.25 million and consolidated revenue of approximately RMB 177.05 million for the year ended December 31, 2023[194] - Cultural Development's consolidated total assets and consolidated net liabilities were approximately RMB 82.65 million and RMB 42.13 million, respectively, as of December 31, 2023[194] Cash Flow and Investments - Net cash outflow from investing activities was RMB 294,330 thousand, primarily due to an increase in fixed-term deposits of RMB 356,686 thousand and payments for equity investments of RMB 57,020 thousand[11] - The company had no interest-bearing debt and a debt-to-equity ratio of 0% as of December 31, 2023[14] Cost Control and Management - The company plans to continue focusing on cost control and prudent management to drive long-term business growth[17] - The company has established appropriate internal controls to ensure comprehensive, accurate, and timely accounting and management information, with regular reviews to ensure compliance with accounting policies and applicable laws[34] ESG and Sustainability - The company's ESG report for 2023 aims to disclose its strategies and progress on sustainability issues, providing stakeholders with insights into its environmental, social, and governance practices[37] - The company conducts regular materiality assessments to identify significant ESG-related issues and collects stakeholder feedback to ensure the report covers key concerns[38] - The company has established an ESG governance structure to identify risks, set goals, and monitor progress, with a focus on stakeholder engagement[64] - The company has not encountered any issues related to water usage, as water consumption is limited to daily activities and is managed by building property management[67] - The company implemented measures to reduce water waste, such as installing sensor-based faucets and using water-efficient products[67] - The company implemented measures to reduce energy consumption and encourage recycling, with no significant environmental law violations reported for the year[79] - The company invested and donated approximately RMB 172,000 in community investment and public welfare activities during the year[97] - The company made charitable donations totaling approximately RMB 72,000 during the year (2022: none)[157] Employee Management and Training - The company employed 199 staff members, with a focus on maintaining stability in the workforce while increasing positions in content marketing and digital marketing[15] - The company has granted 15,252,000 unexercised share options to employees under the share option scheme[15] - Total training hours decreased from 320 in 2022 to 210 in 2023, with average training hours per employee dropping from 4.2 to 2.7[51] - Female employees' participation in training increased to 40% in 2023 from 37% in 2022, while male employees' participation remained stable at 38%[51] - Senior management participation in training increased to 41% in 2023 from 32% in 2022, with average training hours remaining at 2.0[51] - The company has implemented policies to ensure fair treatment and opportunities for all employees and job applicants, strictly adhering to labor laws and regulations[51] - The company provides competitive compensation, promotion opportunities, and benefits to attract and retain talent, with regular reviews based on performance[50] - The company has a clear policy against child labor and forced labor, with HR responsible for verifying job applicants and ensuring compliance[51] - The company provided competitive compensation packages, including base salary, performance-based bonuses, and long-term incentive plans, to attract and retain top talent[83] - The company installed high-end office fitness facilities and provided work lunches, safety training, and health programs to ensure employee well-being[88] - The company established a comprehensive training system and evaluation criteria to enhance employee skills and career development[89] Corporate Governance - The company's board of directors consists of 4 executive directors and 4 independent non-executive directors, with Liu Zhiyi appointed as an executive director on March 30, 2023[119][126] - The roles of Chairman and CEO are separated, with Chen Xin serving as Chairman and Liu Jinlan as CEO to ensure a balance of power and responsibilities[128] - Independent non-executive directors make up the majority of the board, providing sufficient checks and balances to protect shareholder interests[130] - The board is responsible for setting long-term strategies, business objectives, and monitoring management performance, while management handles daily operations under the CEO's leadership[131] - The company has fully complied with the corporate governance code and best practices specified in the Hong Kong Stock Exchange Listing Rules, except for a minor deviation regarding committee chair attendance at the AGM[123][124] - The company's board of directors held four meetings in 2023, with all directors attending either in person or via electronic communication[137] - The company's board of directors authorized management to decide on various matters, including business expansion in new regions (but not significant expansion) and the approval of expenditures within specified limits[134] - The company's board of directors approved the nomination and appointment of personnel other than board members, senior management, and auditors[133] - The company's board of directors approved the release of news related to matters decided by the board[133] - The company's board of directors approved routine or day-to-day business matters, including transactions not requiring disclosure under the listing rules and the closure of non-material businesses[133] - The company's board of directors delegated any other duties as may be assigned by the board from time to time[133] Shareholder and Equity Information - The company's major shareholders hold significant stakes, with Liu Jinlan holding 57.39% and Chen Xin holding 55.99% of the ordinary shares[105] - The company's share option plan, which expired in 2018, aimed to incentivize employees and directors to enhance the company's value[113] - The total number of shares that could be issued upon the exercise of all outstanding options under the share option plan was 15,892,000 shares, representing approximately 3.44% of the total issued shares as of January 1, 2023[145] - As of December 31, 2023, the total number of shares that could be issued upon the exercise of all outstanding options under the share option plan was 15,252,000 shares, representing approximately 3.30% of the total issued shares[145] - Tricor Equity Trustee Limited holds 309,608,821 shares, representing 67.07% of the total issued shares[162] - CLH Holding Limited holds 210,982,513 shares, representing 45.70% of the total issued shares[162] Risk Management and Compliance - The company's risk management and internal control systems are designed to manage, not eliminate, risks, providing reasonable but not absolute assurance against material misstatements or losses[39] - The company quantifies data using disclosed standards, methods, and assumptions, presenting quantitative information through narratives and comparative figures where feasible[40] - The company has a zero-tolerance policy towards bribery, extortion, fraud, and money laundering, with no significant violations reported during the year[96] - No work-related injuries, fatalities, or serious damages were reported during the year[99] - The company ensured the confidentiality of personal data and complied with privacy regulations, with no significant privacy breaches reported during the year[94] Supplier and Procurement Management - The company places high importance on supplier management within its supply chain, ensuring compliance and ethical practices[47] - The largest supplier accounted for 71% of the company's total procurement, with the top five suppliers combined accounting for 87%[58] - The company selected a total of 65 business suppliers in its supply chain during the year[70] - The company conducted due diligence on suppliers, evaluating their environmental policies, community policies, and ethical standards to ensure fair and sustainable procurement[70] - The company ensures open, fair, and transparent bidding and procurement processes with suppliers[117] Community and Social Responsibility - The company sponsored the "Tiny Blossoms, Growing Together" summer camp activity under the Ge Shi brand, aimed at providing a safe and positive environment for children[71] - The company organized a family parent-child reading event under the Ge Shi brand in collaboration with "Fan Shu," promoting family bonding and donating books to underprivileged children[78] Legal and Regulatory Compliance - The company's financial compliance and corporate financing activities are managed by the CFO, who has over 20 years of experience in accounting, auditing, and financial management[110] - The company has obtained exemptions from the Hong Kong Stock Exchange regarding fixed-term requirements and annual service fee caps for the new structure contracts[181] - The Ministry of Commerce of China issued a draft Foreign Investment Law in 2015, which may significantly impact China's foreign investment legal system if adopted[195] - KPMG was engaged to report on the group's continuing connected transactions, finding no issues with board approval or compliance with the new structure contracts[200] Business Operations and Strategy - The company plans to enhance its programmatic advertising platform with AI technology to improve precision in ad delivery and expand high-quality media resources[18] - The company's subsidiaries primarily provide TV advertising, creative content production, and digital marketing services to advertisers and advertising agencies[72] - The service fee for the previous year will be paid by Cultural Development to SinoMedia in the first quarter, subject to adjustments based on service complexity, time spent, service value, and market price[164] - SinoMedia holds a 99.7% stake in the company and is restricted from participating in certain businesses in China due to foreign investment regulations[174] - The new legal owners have granted SinoMedia an irrevocable exclusive purchase right to acquire shares in Cultural Development at the minimum price allowed by Chinese laws[172] - The new structure contracts have a duration of 10 years, automatically renewable for another 10 years unless terminated by SinoMedia[190] - The loan agreement stipulates that the new legal owners are the legal and beneficial owners of the loan, which is interest-free and used solely for paying Cultural Development's registered capital[191] - Cultural Development and the new legal owner agreed not to engage in transactions exceeding RMB 10 million without written consent from China Vision Media Group[193] - The group relies on the new variable interest entity structure to control and obtain economic benefits from Cultural Development, which may not be as effective as direct ownership[196] - Cultural Development and its registered shareholders may fail to take necessary actions or follow the group's instructions, potentially requiring reliance on legal remedies under Chinese law[197] - The company has no insurance covering risks related to the new structure contracts and transactions conducted under them[198]

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 759,836 thousand, representing a 6% increase compared to RMB 719,490 thousand in 2022[4] - Operating profit increased by 102% to RMB 99,064 thousand from RMB 49,046 thousand year-on-year[4] - Profit attributable to equity shareholders rose by 134% to RMB 96,778 thousand, compared to RMB 41,350 thousand in the previous year[4] - Basic and diluted earnings per share increased to RMB 21.0 cents, up 133% from RMB 9.0 cents in 2022[4] - Total comprehensive income for the year amounted to RMB 82,020 thousand, compared to a loss of RMB 32,391 thousand in the previous year[19] - Total revenue for the year 2023 was RMB 759,836 thousand, a rise from RMB 719,490 thousand in 2022, reflecting an overall growth of 5.6%[32] - The company reported a net gain from the sale of investment properties amounting to RMB 68,153 thousand in 2023, with no comparable figure in 2022[36] - The pre-tax profit for 2023 was impacted by a current year tax provision of RMB 44,945 thousand, compared to RMB 20,389 thousand in 2022, indicating a significant increase of 120.5%[49] - The company’s financial income surged to RMB 30,827 thousand in 2023, up from RMB 12,986 thousand in 2022, representing a growth of 137.5%[47] Revenue Breakdown - The company's revenue from television media resources operation increased to RMB 489,352 thousand in 2023, up from RMB 438,058 thousand in 2022, representing a growth of 11.7%[32] - Digital marketing and online media revenue rose significantly to RMB 117,608 thousand in 2023, compared to RMB 84,337 thousand in 2022, marking an increase of 39.5%[32] - Revenue from contracts recognized over time was RMB 639,201 thousand in 2023, compared to RMB 605,570 thousand in 2022, showing an increase of 5.5%[34] - Content operations and other integrated communication services revenue totaled RMB 112,516 thousand, down approximately 22% from RMB 143,576 thousand in the previous year[77] - The company reported a decrease in content operations revenue to RMB 64,496 thousand, down about 7% from RMB 69,155 thousand in the previous year, primarily due to project filming and acceptance cycles[77] - Other integrated communication services revenue fell to RMB 48,020 thousand, down approximately 35% from RMB 74,421 thousand in the previous year, affected by the media supplier settlement cycle[77] Assets and Liabilities - Cash and cash equivalents decreased to RMB 416,005 thousand from RMB 704,635 thousand in 2022[14] - Total assets less current liabilities increased to RMB 1,678,405 thousand from RMB 1,624,331 thousand year-on-year[14] - Net assets rose to RMB 1,672,020 thousand, up from RMB 1,609,224 thousand in the previous year[15] - Accounts receivable and notes receivable, net of loss provisions, increased to RMB 97,008 thousand in 2023 from RMB 70,494 thousand in 2022[60] - Accounts payable increased significantly to RMB 62,629 thousand in 2023 from RMB 23,102 thousand in 2022, indicating a substantial rise in liabilities[12] - The company’s financial liabilities measured at amortized cost rose to RMB 121,407 thousand in 2023, compared to RMB 92,726 thousand in 2022[12] Dividends - Proposed final dividend of 9.2 HK cents per share, a 104% increase from 4.5 HK cents in the previous year[4] - The board proposed a final dividend of HKD 0.092 per ordinary share and a special dividend of HKD 0.070 per ordinary share for the year ending December 31, 2023, subject to shareholder approval[108] - The proposed final dividend for the reporting period is RMB 38,534,000, and the proposed special dividend is RMB 29,319,000, totaling RMB 67,853,000, compared to RMB 18,274,000 in the previous year[114] - The dividends approved and paid to equity shareholders for the fiscal year amounted to RMB 19,042,000, an increase from RMB 15,788,000 in the previous year[115] Operational Efficiency - The company aims to enhance its operational capabilities in the fast-moving consumer goods sector to expand market opportunities and ensure sustainable profitability[44] - The company plans to enhance its programmatic advertising platform using artificial intelligence to adapt to rapidly changing customer demands and optimize targeted advertising strategies[99] - The company aims to deepen its presence in the fast-moving consumer goods sector and expand its brand strategy to enhance competitive advantages despite market uncertainties[99] - Operating expenses totaled RMB 90,336 thousand, a decrease of about 3% year-on-year, representing approximately 11.9% of revenue compared to 13.0% in the previous year[80] - General and administrative expenses decreased to RMB 53,406 thousand, down approximately RMB 9,858 thousand year-on-year, representing about 7.0% of revenue[81] Investments - The company completed a cash investment of RMB 43,000 thousand in Beijing Aiqi Technology Co., Ltd. for minority equity acquisition[83] - The company holds approximately 0.045% of shares in China Feihe Limited, with dividends received amounting to RMB 1,117 thousand for the year ended December 31, 2023[56] - The company’s investment in non-listed equity securities primarily includes shares in Bruker Corporation and Beijing Aiqi Technology Co., Ltd., with no dividends received in 2023[57] - The company’s total financial assets measured at fair value through profit or loss amounted to RMB 134,514 thousand in 2023, compared to RMB 105,880 thousand in 2022[56] Cash Flow - Net cash inflow from operating activities was RMB 21,139 thousand, compared to a net cash outflow of RMB 9,825 thousand in the previous year[86] - Cash and cash equivalents as of December 31, 2023, were RMB 416,005 thousand, down from RMB 704,635 thousand in the previous year[85] Taxation - The company has a tax rate of 17% for its subsidiary in Singapore, with no taxable profits reported for the year ended December 31, 2023[50] - The company has a preferential tax rate of 20% for certain small and micro enterprises in China, and a 15% rate for qualified companies in the Hengqin Guangdong-Macao Deep Cooperation Zone[50]

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 373,097,000, representing a 6% increase compared to RMB 352,731,000 for the same period in 2022[12] - Operating profit for the same period was RMB 51,183,000, a significant recovery from a loss of RMB 30,747,000 in the previous year, indicating an improvement of over 100%[12] - Profit attributable to equity shareholders for the six months ended June 30, 2023, was RMB 42,470,000, compared to a loss of RMB 22,441,000 in the prior year, also reflecting an improvement of over 100%[12] - The gross profit for the same period was RMB 41,109,000, significantly up from RMB 14,666,000 in 2022, indicating a gross margin improvement[51] - The net profit for the period was RMB 42,559,000, a turnaround from a net loss of RMB 22,502,000 in the same period last year[51] - The basic and diluted earnings per share for the period were RMB 0.092, compared to a loss per share of RMB 0.048 in 2022[51] - The total comprehensive income for the six months ended June 30, 2023, was RMB 49,030,000, compared to a total comprehensive loss of RMB 5,966,000 in the same period of 2022[62] Revenue Segments - Digital marketing and online media segment revenue increased by 47% to RMB 87,246,000 from RMB 59,488,000 year-on-year[13] - Television media resource operation revenue decreased by 2% to RMB 209,644 thousand, down from RMB 213,941 thousand due to weak consumer demand and an unclear overall advertising market[27] - Digital marketing and online media revenue surged by 47% to RMB 87,246 thousand, compared to RMB 59,488 thousand in the previous year, driven by increased advertising spending from quality clients[28] - The company’s customer base is diversified, with one customer contributing over 10% of total revenue, generating RMB 140,867 thousand in the current period, up from RMB 101,113 thousand in the previous year[80] Operating Expenses and Cash Flow - Operating expenses rose by 38% to RMB 56,636 thousand, accounting for 15.2% of revenue, up from 11.6% in the same period last year[31] - The net cash inflow from operating activities was RMB 46,119 thousand, a significant improvement from a net cash outflow of RMB 3,824 thousand in the previous year[38] - The company's net cash generated from operating activities for the six months ended June 30, 2023, was RMB 46,119 thousand, a significant improvement compared to a net cash outflow of RMB 3,824 thousand in the same period of 2022[66] Debt and Equity - As of June 30, 2023, the company had no interest-bearing debt and a debt-to-equity ratio of zero[41] - The net asset value as of June 30, 2023, was RMB 1,638,890 thousand, compared to RMB 1,609,224 thousand at the end of 2022, marking an increase of about 1.83%[59] - Total liabilities increased to RMB 315,580 thousand from RMB 200,521 thousand, representing a rise of approximately 57.3%[59] - The total equity attributable to shareholders as of June 30, 2023, was RMB 460,000 thousand, reflecting an increase from RMB 440,000 thousand as of December 31, 2022[162] Shareholder Information - As of June 30, 2023, the total number of shares held by Liu Jinlan is 264,922,169, representing 57.39% of the company's issued share capital[139] - As of June 30, 2023, the total number of shares held by Chen Xin is 258,469,165, representing 55.99% of the company's issued share capital[139] - Major shareholder Tricor Equity Trustee Limited holds 309,608,821 shares, representing 67.07% of the issued shares[159] - CLH Holding Limited owns 210,982,513 shares, accounting for 45.70% of the total issued shares[159] Dividends and Taxation - The company paid dividends of RMB 19,153 thousand to equity shareholders during the period[62] - The income tax expense for the six months ended June 30, 2023, was RMB 21,726 thousand, compared to a tax benefit of RMB 2,266 thousand for the same period in 2022[170] - The group recognized a current tax provision of RMB 37,003 thousand for the six months ended June 30, 2023, compared to RMB 411 thousand for the same period in 2022[170] Strategic Focus and Development - The company is focusing on optimizing media resources and enhancing its marketing strategies to improve competitiveness in a complex market[16] - The company is actively developing content marketing services tailored to family consumption needs, utilizing various formats such as live streaming and short videos[19] - The company aims to strengthen its core competitiveness in digital marketing through big data and precision targeting technologies[23] - The group plans to optimize its business structure and deepen its layout in the fast-moving consumer goods sector[47] Employee and Operational Metrics - As of June 30, 2023, the total number of employees in the group was 216, a slight increase from the beginning of the year[45] - The company completed the sale of an office unit and parking space for RMB 91,333 thousand, contributing to its cash flow[32] - The company is focusing on content creation and community operations to enhance e-commerce and brand marketing services[27] Investment and Asset Management - The company recorded an impairment loss on receivables of RMB 10,170 thousand for the first half of 2023, significantly higher than RMB 2,191 thousand in the same period of 2022, indicating an increase of 362.4%[87] - The company held non-listed equity securities valued at RMB 129,521 thousand as of June 30, 2023, up from RMB 81,897 thousand at the end of 2022, reflecting a growth of 58.1%[95] - The company received government grants totaling RMB 2,562 thousand, significantly higher than RMB 282 thousand in the previous year, recognizing its contribution to local economic development[84]

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，並明確表示概不就因本公告全部或任何部分內容所產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 中 視 金 橋 國 際 傳 媒 控 股 有 限 公司 SINOMEDIA HOLDING LIMITED （於香港註冊成立之有限公司） （股份代號：00623） 截至二零二三年六月三十日止六個月 中期業績公告 財務摘要 截至 截至 二零二三年 二零二二年 六月三十日 六月三十日 人民幣千元 止六個月 止六個月 同比(%) 收入 373,097 352,731 +6% 經營溢利╱（虧損） 51,183 (30,747) >100% 本公司權益股東應佔溢利╱（虧損） 42,470 (22,441) >100% 每股盈利╱（虧損） — 基本及攤薄（人民幣元） 0.092 (0.048) >100% 收入 ...

Financial Performance - Total revenue for 2022 was RMB 719,490,000, a decrease of 39% compared to RMB 1,183,473,000 in 2021[5] - Operating profit increased by 21% to RMB 49,046,000 from RMB 40,625,000 in the previous year[5] - Profit attributable to equity shareholders rose by 12% to RMB 41,350,000, up from RMB 37,078,000 in 2021[5] - Basic and diluted earnings per share increased by 13% to RMB 0.09 from RMB 0.08 in 2021[5] - Proposed final dividend per share is HKD 0.045, an increase of 13% from HKD 0.04 in the previous year[5] - The group's total revenue for the year ended December 31, 2022, was RMB 719,490 thousand, a decrease of 39% compared to RMB 1,183,473 thousand in the previous year[32] - The group's net profit attributable to equity shareholders was RMB 41,350 thousand, an increase of approximately 12% from RMB 37,078 thousand in the previous year[36] - The total dividend paid to equity shareholders for 2022 was approximately RMB 157.9 million, compared to RMB 347.9 million in 2021, with a proposed final dividend of HKD 0.045 per share[198] Revenue Breakdown - Revenue from television media resource operations decreased by 51% to RMB 438,058,000 from RMB 903,013,000 in 2021[5] - Revenue from content operations and other integrated communication services increased by 16% to RMB 143,576,000 from RMB 123,266,000[5] - Revenue from digital marketing and online media decreased by 15% to RMB 84,337,000 from RMB 98,890,000[5] - Other integrated communication services revenue increased significantly by approximately 70% to RMB 74,421 thousand, driven by commission income from media procurement[35] Cost Management - The company implemented multiple cost control measures to maintain financial stability while keeping employee numbers stable[19] - The group's operating expenses for the year were RMB 93,212 thousand, down about 8% from RMB 101,792 thousand, representing approximately 13.0% of total revenue[38] - Sales and marketing expenses decreased to RMB 29,948 thousand from RMB 33,060 thousand, a reduction of approximately RMB 3,112 thousand, representing about 4.2% of the group's revenue (2021: 2.8%) [40] - General and administrative expenses were RMB 63,264 thousand, down from RMB 68,732 thousand, a decrease of approximately RMB 5,468 thousand, accounting for about 8.8% of the group's revenue (2021: 5.8%) [40] Market Conditions - In 2022, the advertising market expenditure decreased by 11.8% year-on-year, with television advertising spending declining by 14.6%[19] - Revenue from television media resource operations was RMB 438,058 thousand, down approximately 51% from RMB 903,013 thousand year-on-year, due to economic slowdown and reduced advertising budgets from clients[33] - Digital marketing and online media revenue amounted to RMB 84,337 thousand, a decline of about 15% from RMB 98,890 thousand year-on-year, impacted by weakened consumer sentiment and reduced marketing demand[37] Strategic Initiatives - The company focused on optimizing its business structure and enhancing its core competitiveness in response to market challenges[20] - The company aims to strengthen its digital marketing capabilities and improve advertising efficiency through integrated internet services[20] - The company plans to deepen its layout in the family consumption industry and enhance brand marketing capabilities through innovation[21] - The company is committed to creating greater value for shareholders and society by expanding new business growth points[21] Corporate Governance - The company has appointed independent non-executive directors with extensive experience in finance and management, enhancing its governance structure[64][66][68][70][72][75] - The board includes members with academic backgrounds in finance and management, contributing to informed decision-making and strategic planning[66][70] - The company is committed to maintaining high standards of corporate governance through the expertise of its independent directors[64][66] - The board consists of 3 executive directors and 5 independent non-executive directors, ensuring a balance of power and responsibilities[91] Environmental and Social Responsibility - The company has established an environmental, social, and governance (ESG) governance structure to oversee its ESG strategies and reporting[142] - The total greenhouse gas emissions for the year 2022 amounted to 197.5 tons of CO2 equivalent, a decrease of 10.9% from 221.6 tons in 2021[151] - The company aims to reduce greenhouse gas emissions and energy consumption by 5% by 2026, based on 2021 levels[148] - The company promotes a paperless office and encourages recycling practices to minimize waste generation[154] Employee Management - The total number of employees increased from 198 in 2021 to 205 in 2022, representing a growth of approximately 3.5%[165] - Employee turnover rate decreased from 25% in 2021 to 22% in 2022, indicating improved employee retention[165] - The company maintains a 100% full-time employment rate, with no part-time employees reported[165] - The company has implemented various health and safety measures, including regular health monitoring and strict infection control protocols, with no reported cases of COVID-19 related injuries or fatalities among employees[167] Training and Development - The total training hours for employees in 2022 were 320 hours, an increase from 312 hours in 2021[172] - The average training hours per employee decreased to 4.2 hours in 2022 from 6.2 hours in 2021[172] - The company has implemented a comprehensive training system to enhance employees' knowledge and skills[169] Compliance and Risk Management - The company has established a comprehensive risk management and internal control system to ensure asset security and compliance[124] - The audit committee is responsible for reviewing the financial reporting processes, risk management, and internal control systems of the group[107] - The company has not encountered any significant violations of employment laws or regulations affecting employee compensation and welfare[163]

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，並明確表示概不就因本公告全部或任何部分內容所產生或因 倚賴該等內容而引致的任何損失承擔任何責任。 中 視 金 橋 國 際 傳 媒 控 股 有 限 公司 SINOMEDIA HOLDING LIMITED （於香港註冊成立之有限公司） （股份代號：00623） 截至二零二二年十二月三十一日止年度之 年度業績公告 中視金橋國際傳媒控股有限公司（「中視金橋」或「本公司」）董事會（「董事會」） 宣佈本公司及其附屬公司（統稱「本集團」）截至二零二二年十二月三十一日止 年度之業績，並載有可資比較的去年同期數據。 財務摘要 截至二零二二年 截至二零二一年 十二月三十一日 十二月三十一日 人民幣：千元 止年度 止年度 同比(%) 收入 719,490 1,183,473 -39% 經營溢利 49,046 40,625 +21% 本公司權益股東應佔溢利 41,350 37,078 +12% 每股盈利 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 352,731,000, a decrease of 42% compared to RMB 603,029,000 for the same period in 2021[7] - The operating loss for the same period was RMB (30,747,000), a decline of 152% from a profit of RMB 58,934,000 in 2021[7] - Loss attributable to equity shareholders was RMB (22,441,000), down 155% from a profit of RMB 40,662,000 in the previous year[7] - The television media resource operation segment generated revenue of RMB 214,252,000, a decrease of 54% from RMB 468,515,000 in 2021[7] - The content operation and other integrated communication services segment saw revenue increase by 25% to RMB 51,669,000 from RMB 41,430,000[7] - Digital marketing and online media revenue decreased by 8% to RMB 59,575,000 compared to RMB 65,023,000 in the previous year[7] - The gross profit for the same period was RMB 14,666,000, down from RMB 96,310,000 in 2021, indicating a significant decrease of about 84.7%[44] - The net loss for the period was RMB 22,502,000, contrasting with a profit of RMB 40,823,000 in the same period of 2021[44] - The basic and diluted loss per share was RMB 0.048, compared to earnings of RMB 0.087 per share in the previous year[44] Market Conditions - The overall advertising market expenditure fell by 11.8% year-on-year in the first half of 2022, with a significant drop of 24.1% in May alone[10] - Revenue from television media operations was RMB 214,252 thousand, down 54% from RMB 468,515 thousand year-on-year, due to economic slowdown and reduced advertising spending[21] - Digital marketing and online media revenue was RMB 59,575 thousand, a decrease of 8% from RMB 65,023 thousand year-on-year, impacted by weak market demand[25] Cost Management and Business Strategy - The company has optimized media resources and adjusted its business structure to control costs and expenses amid market pressures[10] - The company continues to focus on cross-screen creative communication services to provide diverse and high-quality creative products and communication services[10] - The group plans to enhance its core competitiveness in creative communication and brand strategy, focusing on optimizing media resources and controlling costs[41] - The group aims to expand into the consumer sector by focusing on the parent-child family consumption industry chain through brand investment and management[41] Cash Flow and Financial Position - As of June 30, 2022, the company's cash and bank deposits amounted to RMB 841,710 thousand, with no bank deposits maturing in over three months[31] - The net cash outflow from operating activities was RMB 3,824 thousand, compared to a net inflow of RMB 36,874 thousand in the same period last year[32] - The company had no interest-bearing debt and an asset-liability ratio of zero as of June 30, 2022[35] - Total assets amounted to RMB 1,648,704 thousand, a decrease of 1.37% from RMB 1,671,819 thousand as of December 31, 2021[50] - Cash and cash equivalents decreased to RMB 841,710 thousand from RMB 849,648 thousand, reflecting a decline of 0.11%[50] - Total current assets decreased to RMB 121,406 thousand as of June 30, 2022, from RMB 203,614 thousand as of December 31, 2021[87] Employee and Operational Metrics - As of June 30, 2022, the total number of employees in the group was 185, remaining stable compared to the beginning of the year[38] - Operating expenses totaled RMB 40,921 thousand, a decrease of 4% from RMB 42,430 thousand year-on-year, with an operating expense ratio of 11.6%[27] Shareholder and Governance Information - The company did not declare any interim dividend for the six months ended June 30, 2022, consistent with the previous year[99] - The company approved a final dividend of approximately RMB 3.42 cents per share for the last fiscal year, totaling RMB 15,788 thousand, down from RMB 34,787 thousand in the previous year[100] - The company has established trust arrangements for the shares held by its directors, ensuring compliance with relevant regulations[119][120] - The company has fully complied with the corporate governance code and all provisions in the corporate governance report during the six months ended June 30, 2022[136] Research and Development - Research and development expenses increased to RMB 1.458 million, up from RMB 1.215 million in the previous year, reflecting a growth of 20.0%[75]

Financial Performance - Revenue for the year ended December 31, 2021, was RMB 1,183,473,000, representing a 1% increase from RMB 1,175,947,000 in 2020[9] - Operating profit decreased by 68% to RMB 40,625,000 from RMB 125,385,000 in the previous year[9] - Profit attributable to equity shareholders was RMB 37,078,000, down 57% from RMB 87,213,000 in 2020[9] - Basic and diluted earnings per share were RMB 0.08, a decrease of 56% from RMB 0.181 in the prior year[9] - Proposed final dividend per share is HKD 0.04, down 56% from HKD 0.09 in 2020[9] - The company's total revenue for the year ended December 31, 2021, was RMB 1,183,473 thousand, showing a slight increase from RMB 1,175,947 thousand in the previous year, representing a year-on-year growth of approximately 0.2%[49] - The company's net profit attributable to equity shareholders decreased to RMB 37,078 thousand from RMB 87,213 thousand, a decline of about 57% year-on-year[54] Revenue Breakdown - Television media resource operation revenue was RMB 904,416,000, a decline of 4% from RMB 941,995,000[9] - Content operation and other integrated communication services revenue increased by 23% to RMB 123,457,000 from RMB 99,990,000[9] - Digital marketing and online media revenue rose by 27% to RMB 99,044,000 compared to RMB 78,252,000 in 2020[9] - Revenue from television media resource operations decreased to RMB 904,416 thousand from RMB 941,995 thousand, reflecting a decline of about 4% due to a slowdown in the advertising market and reduced spending from tourism clients[50] - Revenue from content operations and other integrated communication services increased to RMB 123,457 thousand from RMB 99,900 thousand, marking a significant rise of approximately 23%[50] - Content operations revenue surged to RMB 79,641 thousand from RMB 31,419 thousand, representing an impressive year-on-year growth of about 153% driven by creative marketing and commercial video production[50] - Revenue from digital marketing and online media combined rose to RMB 99,044 thousand from RMB 78,252 thousand, indicating an increase of approximately 27%[51] Cost Management - Total operating expenses for the year were RMB 101,792 thousand, down from RMB 163,439 thousand, reflecting a decrease of approximately 38%[55] - Sales and marketing expenses were reduced to RMB 33,060 thousand from RMB 44,176 thousand, a decrease of about RMB 11,116 thousand, representing approximately 2.8% of total revenue[56] - General and administrative expenses decreased to RMB 68,732 thousand from RMB 119,263 thousand, a reduction of approximately RMB 50,531 thousand, accounting for about 5.8% of total revenue[56] Market Trends and Outlook - In 2021, the overall advertising market saw a 1.3% increase in television advertising expenditure year-on-year, which was lower than the GDP growth rate of 8.1% for the same period[30] - The company's revenue in the second half of 2021 decreased compared to the first half due to macroeconomic fluctuations and a cautious approach from advertisers and consumers[30] - Future outlook remains optimistic despite uncertainties from the pandemic, with a focus on innovative business strategies and expanding market presence in the family consumption sector[32] Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange's listing rules, ensuring compliance with all code provisions as of December 31, 2021[108] - The board of directors consists of both executive and independent non-executive directors, ensuring a balance of power and responsibilities[113] - The company has maintained its independent non-executive directors' independence, with all meeting the independence criteria throughout the year ending December 31, 2021[117] - The board is responsible for setting the group's long-term strategy and monitoring management performance, while management handles daily operations[118] - The company has a clear division of responsibilities between the chairman and the CEO to ensure effective governance[114] Environmental, Social, and Governance (ESG) Initiatives - The company aims to reduce greenhouse gas emissions and energy consumption by 5% by 2026, using the current year as a baseline[180] - The company has established a governance structure for environmental, social, and governance (ESG) management to clarify responsibilities and functions at various levels[174] - The company strictly adheres to environmental laws and regulations in its operations, with no reported non-compliance regarding emissions or waste disposal[180] - The company engages with stakeholders through various channels, including annual general meetings and financial reports, to address their concerns and expectations[176] Employee Management - The total number of employees decreased from 211 in 2020 to 198 in 2021, a reduction of approximately 6.2%[198] - Employee turnover rate improved from 36% in 2020 to 25% in 2021, a decrease of 30.6%[198] - The company maintains a 100% full-time employment rate with no part-time employees[198] - The company provides various employee benefits including marriage leave, maternity leave, and holiday bonuses for elderly parents[200] - The company has implemented strict health and safety measures, with no reported COVID-19 infections among employees during the year[200]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 603,029 thousand, an increase of 11% compared to RMB 542,545 thousand for the same period in 2020[7] - Operating profit rose to RMB 58,934 thousand, representing an 88% increase from RMB 31,279 thousand year-on-year[7] - Profit attributable to equity shareholders increased by 228% to RMB 40,662 thousand, compared to RMB 12,389 thousand in the previous year[7] - Basic and diluted earnings per share were RMB 0.087, up 248% from RMB 0.025 in the same period last year[7] - Gross profit for the same period was RMB 96,310,000, compared to RMB 42,668,000 in 2020, indicating a significant increase of approximately 126.5%[38] - The net profit for the period was RMB 40,823,000, compared to RMB 12,318,000 in 2020, marking an increase of approximately 231.5%[40] - The total comprehensive income for the period was RMB 87,660,000, significantly higher than RMB 15,308,000 in the previous year, indicating a growth of approximately 471.5%[40] Revenue Breakdown - Television media resource operations generated revenue of RMB 468,515 thousand, a 7% increase from RMB 435,921 thousand in 2020[7] - Content operations and other integrated communication services revenue increased by 52% to RMB 41,430 thousand from RMB 27,235 thousand[7] - Digital marketing and online media revenue rose by 25% to RMB 65,023 thousand, compared to RMB 51,934 thousand in the previous year[7] - Television media resource operation revenue was RMB 468,515 thousand, up 7% from RMB 435,921 thousand year-on-year, attributed to improved advertising sales as the domestic COVID-19 situation eased[20] - Content operation and other integrated communication services revenue totaled RMB 41,430 thousand, a 52% increase from RMB 27,235 thousand, with content operation revenue soaring 404% to RMB 26,167 thousand[21] - Digital marketing and online media revenue reached RMB 65,023 thousand, a 25% increase from RMB 51,934 thousand, driven by stable operations of the self-developed programmatic advertising platform[21] Operating Expenses and Cash Flow - Operating expenses decreased by 37% to RMB 42,430 thousand, with the operating expense ratio improving to 7.0% from 12.4% year-on-year[24] - Cash and bank deposits amounted to RMB 851,883 thousand as of June 30, 2021, up from RMB 788,084 thousand at the end of 2020, indicating a strong liquidity position[27] - Net cash inflow from operating activities was RMB 36,874 thousand, a decrease from RMB 154,134 thousand in the previous year, primarily due to reductions in accounts receivable and prepaid media costs[27] - Operating cash generated for the six months ended June 30, 2021, was RMB 86,597 thousand, a decrease of 54.0% from RMB 188,472 thousand in 2020[53] - Net cash from operating activities for the same period was RMB 36,874 thousand, down 76.0% compared to RMB 154,134 thousand in 2020[53] Assets and Liabilities - The asset-liability ratio was zero as of June 30, 2021, with no interest-bearing debts reported[30] - Total non-current assets amounted to RMB 1,020,394 thousand, an increase of 2.1% from RMB 991,210 thousand as of December 31, 2020[45] - Current assets reached RMB 1,062,365 thousand, a decrease of 1.9% compared to RMB 1,082,674 thousand at the end of 2020[45] - Total liabilities decreased to RMB 389,135 thousand from RMB 434,721 thousand, reflecting a reduction of 10.5%[47] - Net assets increased to RMB 1,670,157 thousand, representing a growth of 2.9% from RMB 1,621,781 thousand as of December 31, 2020[47] Shareholder Information - The company paid dividends to equity shareholders amounting to RMB 33,747 thousand during the period[53] - Major shareholders include Tricor Equity Trustee Limited holding 309,608,821 shares, representing 66.77% of issued shares, and CLH Holding Limited with 210,982,513 shares, accounting for 45.50%[133] - The company repurchased a total of 4,728,000 shares during the period, with a total expenditure of RMB 4,068 thousand[91] - The approved final dividend from the last fiscal year was approximately RMB 7.50 cents per share, totaling RMB 34,787 thousand, compared to RMB 2.20 cents per share totaling RMB 10,726 thousand for the previous year, indicating a significant increase in dividend payout[90] Corporate Governance - The company has fully complied with the corporate governance code as per the listing rules during the six months ended June 30, 2021[139] - The audit committee, along with management, reviewed the unaudited consolidated financial statements for the six months ended June 30, 2021[141]

Financial Performance - Revenue for the year ended December 31, 2020, was RMB 1,175,947,000, a decrease of 21% compared to RMB 1,496,813,000 in 2019[9] - Operating profit increased to RMB 125,385,000, representing a growth of 238% from RMB 37,119,000 in the previous year[9] - Profit attributable to equity shareholders rose to RMB 87,213,000, up 230% from RMB 26,403,000 in 2019[9] - Basic and diluted earnings per share increased to RMB 0.181, a rise of 235% compared to RMB 0.054 in 2019[9] - Proposed final dividend per share is HKD 0.09, an increase of 273% from HKD 0.0241 in the previous year[9] Revenue Breakdown - Television media resource operation revenue was RMB 941,995,000, down 25% from RMB 1,251,770,000 in 2019[9] - Content operation and other integrated communication services revenue increased by 6% to RMB 99,990,000 from RMB 94,364,000[9] - Digital marketing and online media revenue decreased by 20% to RMB 78,252,000 from RMB 98,409,000[9] - Rental income rose by 3% to RMB 64,938,000 compared to RMB 63,236,000 in the previous year[9] Market Impact - In 2020, the overall advertising expenditure in China decreased by 11.6% year-on-year due to the impact of the COVID-19 pandemic[29] - The core advertising business revenue of the company declined as advertisers adopted a more cautious approach, significantly reducing their budgets compared to the previous year[30] - Due to the COVID-19 pandemic, the overall advertising market saw a significant decline, with total media advertising spending dropping by 34.8% year-on-year in February 2020, and a smaller decline of 0.8% by December 2020[38] Strategic Initiatives - The company has been actively enhancing its creative planning and execution capabilities in "TV + Internet" communication[17] - The company accelerated the development of content marketing business centered on video program production, resulting in a noticeable increase in revenue from creative communication services compared to the previous year[31] - The company upgraded its self-developed intelligent programmatic advertising platform iBCP to enhance marketing efficiency through big data optimization[31] - The company is developing two content product series focused on health and family talent cultivation, targeting middle-aged and elderly users as well as family users[31] Operational Efficiency - The company maintained financial stability by effectively controlling business costs and operating expenses during the pandemic[29] - The group quickly responded to the industry downturn caused by the pandemic by optimizing its business structure and effectively controlling costs, maintaining financial stability[39] - Operating expenses totaled RMB 163,439 thousand, an increase of about 9.6% from RMB 149,144 thousand, with the expense-to-revenue ratio rising to approximately 13.9% from 10.0% in the previous year[54] Cash Flow and Liquidity - As of December 31, 2020, the company had cash and bank deposits of RMB 788,084 thousand, up from RMB 583,677 thousand in the previous year, indicating a strong liquidity position[58] - The net cash inflow from operating activities was RMB 290,129 thousand, a significant increase from RMB 19,879 thousand in 2019[59] - The net cash outflow from investing activities was RMB 45,211 thousand, a decrease from RMB 109,607 thousand in 2019[59] - The net cash outflow from financing activities was RMB 30,770 thousand, down from RMB 43,083 thousand in 2019[59] Corporate Governance - The company has maintained high standards of corporate governance, fully complying with the corporate governance code as of December 31, 2020[107] - The board of directors consists of experienced members, ensuring a balance of power and responsibilities, with the chairman and CEO being different individuals[117] - Independent non-executive directors constitute the majority of the board, providing sufficient checks and balances to protect shareholders' interests[118] - The company has established a comprehensive risk management framework to ensure compliance with statutory regulations[121] Employee Management - The total number of employees as of December 31, 2020, was 211, reflecting a reduction compared to the beginning of the year[64] - The company provides various employee benefits, including holiday bonuses for employees' elderly parents and loyalty awards for long-term service[188] - The company has established a comprehensive training platform for employee development, including specialized training for new hires and ongoing professional development for existing staff[193] Social Responsibility - The company actively participates in charitable activities, demonstrating its commitment to corporate social responsibility[171] - The company has maintained compliance with environmental protection laws and regulations, with no reported violations during the fiscal year[178] - The company focuses on balancing the interests of shareholders, customers, and employees while pursuing business development and social responsibility[177]