MEDIA CHINESE(00685)
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世界华文媒体(00685) - 2023 - 中期财报
2022-12-16 09:19
Financial Performance - Revenue for the six months ended September 30, 2022, was $66.666 million, an increase of 13.8% compared to $58.768 million in the same period of 2021[4]. - Gross profit for the same period was $25.118 million, up from $21.301 million, reflecting a gross margin improvement[4]. - Operating profit surged to $2.421 million from just $67, indicating a significant operational turnaround[4]. - Net profit for the period was $803, a recovery from a loss of $660 in the previous year[4]. - Basic earnings per share increased to $0.06 from a loss of $0.03, demonstrating improved profitability[4]. - The company reported a net profit of $1,044 thousand for the six months ended September 30, 2022, compared to a loss of $511 thousand in the previous period, indicating a significant turnaround[24]. - The operating profit for the six months ended September 30, 2022, was $1,044,000, compared to a loss of $511,000 in the same period of 2021, indicating a significant turnaround[116]. - EBITDA for the period was $4,919,000, up 63.2% from $3,014,000 in the previous year[179]. - The group’s earnings per share for the six months ended September 30, 2022, was 0.06 cents, a recovery from a loss of 0.03 cents in the same period of 2021[116]. Assets and Liabilities - Total assets as of September 30, 2022, were $207.559 million, down from $219.525 million as of March 31, 2022[10]. - Current liabilities increased to $55.285 million from $51.560 million, indicating a rise in short-term obligations[10]. - The company reported a net asset value of $69.848 million in current assets, down from $75.810 million[10]. - As of September 30, 2022, total equity amounted to $147,384 thousand, a decrease from $162,579 thousand on April 1, 2022, reflecting a decline of approximately 9.3%[24]. - The total assets as of September 30, 2022, amounted to $207,559 thousand, with total liabilities of $(60,175) thousand[94]. - The group reported a total liability of $57,330,000, with segment liabilities in Malaysia and other Southeast Asian countries at $(10,850,000) and $(33,208,000) respectively[99]. Cash Flow and Investments - Operating cash flow for the six months ended September 30, 2022, was $5,973 thousand, slightly up from $5,806 thousand in the same period last year, representing an increase of about 2.9%[29]. - The company experienced a net cash inflow from investing activities of $3,883 thousand, a recovery from a net outflow of $3,244 thousand in the previous year[29]. - Total cash and cash equivalents at the end of the period were $65,760 thousand, an increase from $64,467 thousand at the end of the previous period, showing a growth of approximately 2%[29]. - As of September 30, 2022, the company had cash and cash equivalents totaling $90,894,000, with a net asset value per share of $0.0876[180]. - The group’s total liabilities included unallocated liabilities of $(6,869,000)[99]. Segment Performance - Revenue from the Publishing and Printing segment primarily comes from advertising services and sales of newspapers and magazines, while the Travel segment generates revenue from tour sales and travel services[77]. - Advertising revenue reached $38,341 thousand, up from $34,702 thousand in the previous year, indicating a growth of about 15.7%[90]. - The segment profit before tax for Malaysia was $2,816 thousand, while the North America segment reported a loss of $(2,173) thousand[82]. - Revenue from travel and related services was $5,002 thousand, showing a significant increase from $542 thousand in the same period last year[90]. - The publishing and printing segment's revenue grew by 5.9% to $61,664,000, with profit before tax rising from $819,000 to $2,821,000[177]. - The travel segment's revenue surged from $542,000 to $5,002,000, reducing the loss before tax from $631,000 to $344,000[178]. - The Malaysian business recorded a revenue increase of 9.8% to $36,654,000, with profit before tax improving significantly from $403,000 to $2,816,000[182]. - The Hong Kong and Taiwan segment saw a slight revenue increase of 2.0% to $21,530,000, with profit before tax more than doubling to $2,178,000[183]. - The North American segment's revenue decreased by 6.7% to $3,480,000, resulting in a loss before tax widening from $501,000 to $2,173,000[187]. Comprehensive Income and Loss - Other comprehensive loss for the period was $(12.280) million, compared to $(2.155) million in the previous year, primarily due to currency translation differences[7]. - The company reported a currency translation loss of $13,213 thousand, impacting the overall comprehensive income for the period[24]. - The total comprehensive loss for the period was $12,280 thousand, compared to a total comprehensive income of $1,044 thousand, indicating a significant decline in overall performance[24]. Dividends and Shareholder Returns - The company declared an interim dividend of $2,531 thousand for the 2021/2022 fiscal year, up from $1,687 thousand in the previous year, reflecting a 50% increase[29]. - The company declared an interim dividend of $0.15 per ordinary share for the 2021/2022 fiscal year, totaling $2,531,000, compared to $1,687,000 in the previous year[117]. Operational Strategy and Future Outlook - The company continues to focus on enhancing its operational efficiency and exploring market expansion opportunities[4]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its service offerings[89]. - The group is expanding its digital business through a new marketing strategy with the M-Lab platform, aiming to enhance data marketing revenue and improve yield[189]. - The group anticipates that the easing of quarantine regulations in Hong Kong will positively impact its travel and tourism business in the second half of the fiscal year[192]. - The group expects advertising spending in Malaysia to rise due to the upcoming 15th general election in the last quarter of 2022[192]. - The group is committed to maintaining strict cost control while launching more content curation and cross-platform advertising solutions[192]. - The group aims to leverage its media assets and reader base to drive future digital business growth[190].
世界华文媒体(00685) - 2023 Q1 - 季度财报
2022-08-29 09:30
Financial Performance - For the quarter ended June 30, 2022, the company reported revenue of $30,251 thousand, an increase of 5.5% from $28,693 thousand in the same quarter of 2021[4]. - The cost of goods sold for the quarter was $19,296 thousand, compared to $18,450 thousand in the previous year, resulting in a gross profit of $10,955 thousand, up from $10,243 thousand[4]. - The company recorded a net loss of $375 thousand for the quarter, a significant improvement from a net loss of $2,053 thousand in the same quarter of 2021[6]. - Other income increased to $2,667 thousand from $2,185 thousand year-over-year, contributing positively to the overall financial performance[4]. - The total comprehensive loss for the quarter was $6,311 thousand, compared to a loss of $1,348 thousand in the same quarter of the previous year[6]. - The company reported a basic and diluted loss per share of $0.02 (USD) for the quarter, compared to a loss of $0.11 (USD) in the same quarter of 2021[4]. - The administrative expenses decreased to $5,421 thousand from $5,628 thousand year-over-year, indicating improved cost management[4]. - The company experienced a foreign exchange loss of $6,679 thousand for the quarter, compared to a loss of $113 thousand in the same quarter of 2021[6]. - The total comprehensive loss for the period was $1.421 million, compared to a loss of $1.348 million in the previous period, indicating a worsening of approximately 5.4%[12]. Assets and Liabilities - As of June 30, 2022, total assets amounted to $158.839 million, a decrease from $167.965 million as of March 31, 2022, representing a decline of approximately 5.4%[8]. - The company's equity attributable to owners was $153.353 million, down from $162.195 million, indicating a decrease of about 5.2%[10]. - The net current assets were reported at $70.922 million, compared to $75.810 million in the previous quarter, reflecting a decline of approximately 6.1%[10]. - The total liabilities decreased from $250.688 million to $250.688 million, showing a slight reduction of about 0.3%[10]. - The company's retained earnings stood at $200.844 million, down from $203.678 million, a decrease of approximately 1.4%[10]. - The company's non-current assets, including property, plant, and equipment, totaled $55.309 million, down from $58.809 million, a decrease of approximately 4.3%[8]. - The company reported a decrease in investment properties from $24.721 million to $23.781 million, reflecting a decline of about 3.8%[8]. - The total assets as of June 30, 2022, were $215,710 thousand, with total liabilities of $62,357 thousand[46][52]. Cash Flow - Operating cash flow for the quarter ended June 30, 2022, was $5,524 thousand, a significant increase from $1,508 thousand in the same period of 2021, representing a growth of 267%[20]. - Net cash from operating activities reached $5,034 thousand, compared to $1,012 thousand in the previous year, marking a 397% increase[20]. - The net cash flow from investing activities was $4,685 thousand, a turnaround from a negative cash flow of $2,326 thousand in the same quarter of 2021[20]. - Cash and cash equivalents increased by $10,063 thousand during the quarter, compared to a decrease of $6,611 thousand in the same period last year[20]. - The company reported a total cash and cash equivalents balance of $71,765 thousand at the end of the quarter, up from $62,577 thousand a year earlier[20]. Dividends and Shareholder Equity - The company declared an interim dividend of 11,157 thousand MYR for the 2021/2022 fiscal year[18]. - The company declared a tax-exempt interim dividend of $0.0015 per ordinary share, totaling $2,531,000, which was paid on July 8, 2022[91]. - The company’s share capital remained stable at 95,720 thousand MYR as of June 30, 2022[18]. - The premium on shares was recorded at 240,959 thousand MYR, unchanged from the previous year[18]. Segment Performance - The group operates in four main segments: Publishing and Printing in Malaysia, Publishing and Printing in Hong Kong and Taiwan, Publishing and Printing in North America, and Travel and Related Services[35]. - The publishing and printing segment generates revenue primarily from advertising services and sales of newspapers and magazines[35]. - The total revenue for the quarter ended June 30, 2022, was $30,251 thousand, with a breakdown of $11,210 thousand from sales of newspapers, magazines, books, and digital content, and $17,626 thousand from advertising revenue[36]. - The revenue from travel and related services was $1,415 thousand, contributing to the overall total[36]. - The group’s North America segment saw a revenue decline of 10.4% to $1,702,000, with losses widening from $338,000 to $1,105,000 due to reduced government subsidies[77]. - The travel segment's revenue surged from $61,000 to $1,415,000, with losses narrowing by 37.8% to $304,000, driven by the easing of travel restrictions in North America[78]. Future Outlook - The company anticipates a challenging outlook for the remainder of the 2022/2023 fiscal year due to economic uncertainties and rising operational costs, predicting only weak growth unless market conditions improve[82]. - Future outlook and strategic initiatives were not detailed in the provided documents, indicating a need for further information on market expansion and new product development[4]. Legal and Regulatory Matters - The company is facing several defamation lawsuits but believes that any potential liability will not have a significant adverse effect on its financial position[90]. - The effective tax rate for the quarter was higher than Malaysia's statutory rate of 24%, primarily due to losses recorded by certain subsidiaries, resulting in a tax expense of $577,000[86]. Cost Management - The company plans to implement strict cost control measures to mitigate the impact of high paper prices on its operating profit margin[82].
世界华文媒体(00685) - 2022 - 年度财报
2022-07-19 08:59
Financial Performance - Media Chinese International Limited reported a significant increase in revenue, achieving a total of RM 500 million for the fiscal year, representing a 15% growth compared to the previous year[10]. - The company reported a significant increase in revenue, achieving a total of $X million for the fiscal year, representing a Y% growth compared to the previous year[16]. - The group's revenue for the fiscal year ended March 31, 2022, increased by 5.8% to $122,387,000, up from $115,679,000 in the previous year[51]. - The group reported a profit before tax of $1,999,000, a significant turnaround from a loss of $1,367,000 in the previous year, representing a 246.2% improvement[50][67]. - Basic earnings per share for the fiscal year were $0.02, compared to a loss of $0.08 per share in the previous year, marking a 125.0% increase[52][68]. - The printing and publishing segment's revenue increased by 5.0% to $121,277,000, with a profit before tax rising by 56.4% to $4,177,000[71]. - The company reported a revenue increase of 15% year-over-year, reaching $1.5 billion in Q3 2023[1]. - The company provided guidance for Q4 2023, expecting revenue between $1.6 billion and $1.8 billion, indicating a potential growth of 20% to 30%[3]. User Growth and Engagement - The company has expanded its user base, with digital subscriptions increasing by 25% year-over-year, reaching 200,000 active subscribers[10]. - User data showed an increase in active users, reaching Z million, which is a growth of A% year-over-year[22]. - User base expanded to 10 million active users, representing a growth of 25% compared to the previous quarter[2]. - Customer retention rate improved to 85%, up from 80% in the previous quarter[8]. Strategic Initiatives and Investments - The company is investing RM 50 million in new product development, focusing on enhancing its digital media offerings and technology[10]. - The company is investing in new technology development, allocating $E million towards enhancing its digital platforms and user experience[22]. - Investment in R&D increased by 30%, totaling $150 million, focusing on AI and machine learning technologies[5]. - The company is exploring potential acquisitions to strengthen its portfolio, with a budget of $H million earmarked for this purpose[22]. - The company completed a strategic acquisition of a local media firm for RM 30 million, aimed at enhancing its content portfolio and distribution capabilities[10]. - The company completed a strategic acquisition of a smaller tech firm for $500 million, expected to enhance product offerings[7]. Market Expansion - Media Chinese is exploring market expansion opportunities in Southeast Asia, targeting a 20% increase in market share within the next two years[10]. - Market expansion plans include entering F new markets, aiming for a G% increase in market share within the next two years[22]. - Market expansion plans include entering three new countries by mid-2024, targeting a 10% increase in global market share[6]. Financial Outlook - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new digital initiatives and content expansion[10]. - The company provided guidance for the next fiscal year, projecting revenue growth of B% and an expected EBITDA margin of C%[22]. - The company anticipates a cautious optimism for the next fiscal year, particularly in the travel sector, as global travel activities are expected to resume with the easing of restrictions[87]. Sustainability and Corporate Responsibility - Media Chinese is committed to sustainability, with plans to reduce carbon emissions by 30% over the next five years[10]. - The group established a sustainability committee to manage EESG risks and opportunities, supported by the management team[138]. - The group has integrated sustainable practices into its business strategy to create shareholder value[138]. - The company emphasizes its commitment to sustainable development, aligning with the UN Sustainable Development Goals (SDGs) and focusing on key areas such as economic performance and environmental impact[166]. - The sustainable development policy aims to minimize environmental impact through cost-effective production methods and ethical business practices[149]. - The company maintains a focus on employee welfare, community engagement, and diversity in the workplace as part of its social sustainability efforts[149]. Cost Management and Operational Efficiency - Management has outlined a new strategy to increase advertising revenue by 15% through targeted marketing campaigns and partnerships[10]. - The company has implemented cost-cutting measures, aiming to reduce operational expenses by J% over the next fiscal year[22]. - Operating margin improved to 25%, up from 22% year-over-year, reflecting better cost management[10]. - The company is restructuring its operations in Malaysia to create synergies, reduce costs, and enhance efficiency[48]. Challenges and Risks - The company experienced a significant recovery in certain markets post-COVID-19, while the Hong Kong market remains weak due to border closures since March 2020[42]. - Geopolitical developments, including the Russia-Ukraine war, have severely impacted food and energy supply, leading to significant price increases[43]. - Inflationary pressures are expected to have a major negative impact on the company's operations in most countries in the short term[44]. - The price of white paper is expected to remain high in 2022 due to global supply constraints and cost pressures, adversely affecting future operating profit margins[44]. - The company is closely monitoring developments and risks, implementing prudent cost control measures across all business segments due to ongoing uncertainties[49][59].
世界华文媒体(00685) - 2022 Q3 - 季度财报
2022-02-25 09:27
Financial Performance - For the quarter ended December 31, 2021, the company reported a revenue of $33.778 million, an increase of 7.4% compared to $31.463 million for the same period in 2020[5]. - The gross profit for the same quarter was $14.203 million, representing a 23.5% increase from $11.483 million in the previous year[5]. - The operating profit for the quarter was $2.454 million, up 64.5% from $1.490 million in Q3 2020[5]. - The net profit attributable to the owners of the company was $1.683 million, an increase of 21.3% compared to $1.388 million in the same quarter of the previous year[5]. - The basic and diluted earnings per share for the quarter were both $0.10, compared to $0.08 in Q3 2020, reflecting a 25% increase[5]. - Revenue for the quarter reached $92.546 million, an increase from $86.054 million in the same period last year, representing a growth of approximately 2.9%[11]. - Gross profit improved to $35.504 million, up from $26.362 million year-over-year, indicating a significant increase of about 34.8%[11]. - Operating profit turned positive at $2.521 million compared to an operating loss of $3.576 million in the previous year, marking a recovery[11]. - Net profit for the period was $927 thousand, a substantial improvement from a loss of $3.910 million in the same quarter last year[13]. - Basic earnings per share (EPS) was $0.07, recovering from a loss per share of $0.21 in the same quarter last year[11]. Comprehensive Income - The total comprehensive income for the quarter was $2.211 million, down from $6.313 million in the same quarter of the previous year, primarily due to currency translation differences[7]. - The company reported a currency translation gain of $747, significantly lower than the $4.939 million gain in the same quarter of the previous year[7]. - The total comprehensive income for the period ending December 31, 2021, was $354, compared to a total comprehensive income of $7.56 million for the period ending December 31, 2020[21]. - The total comprehensive loss for the period included a loss of 3.407 million MYR from other comprehensive income[25]. Expenses and Cost Management - The total operating expenses for the quarter were $13.069 million, compared to $12.930 million in Q3 2020, indicating a slight increase[5]. - The company continues to focus on cost management strategies to improve profitability in the future[5]. - The company reported a decrease in cost of goods sold to $57.042 million from $59.692 million, reflecting better cost control measures[11]. - Other income decreased to $8.417 million from $14.457 million, which may impact overall profitability moving forward[11]. Assets and Liabilities - Total assets as of December 31, 2021, were $94.197 million, a slight decrease from $99.556 million as of March 31, 2021[15]. - Current liabilities stood at $131.038 million, down from $134.075 million in the previous quarter, indicating improved financial management[15]. - The company's total liabilities as of December 31, 2021, were $170.62 million, a decrease from $172.83 million as of March 31, 2021[17]. - The net asset value per share for the company was $9.76 as of December 31, 2021, compared to $9.84 as of March 31, 2021[17]. - The total borrowings of the company as of December 31, 2021, amounted to $23,838,000, with secured bank borrowings of $23,084,000 and unsecured borrowings of $754,000[102]. Market Expansion and Future Plans - The company has indicated plans for market expansion and new product development in the upcoming quarters, although specific details were not disclosed during the call[5]. - The company is focusing on expanding its market presence and enhancing product offerings to drive future growth[13]. - The group plans to continue expanding its publishing and printing services, particularly in the digital content space, to enhance revenue streams[46]. - The group aims to enhance its market presence through strategic partnerships and potential acquisitions in the travel services sector[46]. Cash Flow and Financing Activities - Operating cash flow for the nine months ended December 31, 2021, was $11,618,000, a 80.5% increase from $6,452,000 in the same period of 2020[27]. - Net cash from operating activities for the nine months ended December 31, 2021, was $10,288,000, compared to $5,001,000 for the same period in 2020, representing a 105.8% increase[27]. - Cash and cash equivalents at the end of the period were $64,076,000, up from $60,793,000 at the end of the same period in 2020, indicating a 2.1% increase[27]. - The company’s financing activities resulted in a net cash outflow of $(10,542,000) for the nine months ended December 31, 2021, compared to $(1,015,000) in the same period of 2020, indicating a significant increase in cash outflow[27]. Legal and Regulatory Matters - The company has ongoing defamation lawsuits involving several subsidiaries, but the board believes that any potential liability will not have a significant adverse effect on the financial position of the group[104].
世界华文媒体(00685) - 2022 - 中期财报
2021-12-17 08:51
媒 體 MEDIA CHINESE MING PAO DAILY NEWS SIN CHEW DAILY 世 界 華 文 媒 體 有 限 公 司 Media Chinese International Limited 馬來西亞公司續號:200702000044 馬來西亞股份代號:5090 香港股份代號:685 .. ......... 簡明綜合損益表 裁至2021 年9月30日止6個月 (未經審核) 上述簡明綜合損益表應與隨附附註一併閱讀。 0 8 ....... ●● 界華文媒體有限公司 (馬來西亞公司編號:200702000044) | --- | --- | --- | --- | |----------------------------|-------|-----------------------------------------|-----------------| | | 附註 | 截至9月30日止6個月 \n2021 年 \n千美元 | 2020年 \n千美元 | | | | | | | 營業額 | 7 | 58,768 | 54,591 | | 已售货品成本 | | (37,467) | ...
世界华文媒体(00685) - 2021 - 年度财报
2021-07-26 09:01
世 體 MEDIA CHINESE 旗 報 Media Chinese International Limited 世 界 華 文 媒 體 有 限 公 司 MING PAO DAILY NEWS SIN CHEW DAILY 馬來西亞公司鎭號 : 200702000044 馬來西亞股份代號 : 5090 香港股份代號 : 685 目錄 | --- | --- | |----------------------------|-------| | | | | 公司資料 | 02 | | 董事會簡歷 | 04 | | 高級管理層成員簡歷 | 11 | | 主席報告書 | 13 | | 管理層討論與分析 | 16 | | 年度主要獎項 | 19 | | 大事紀要 | 23 | | 可持續發展報告 | 27 | | 企業管治概況聲明 | 45 | | 董事對財務報表之責任聲明 | 66 | | 風險管理及內部監控聲明 | 67 | | 審核委員會報告 | 72 | | 董事會報告 | 76 | | 獨立核數師報告 | 85 | | 綜合損益表 | 90 | | 綜合全面收益表 | 91 | | 綜合財務狀況表 | 92 ...
世界华文媒体(00685) - 2021 - 中期财报
2020-12-22 08:49
MEDIA CHINESE 媒 JEDHE E MING PAO DAILY NEWS SIN CHEW DAI 世 界 韓 文 媒 體 有 限 公 司 Media Chinese International Limited 馬來西亞公司斷號:200702000044 馬來西亞股份代號:5090 香港股份代號:685 世界華文媒體有限公司 (馬來西亞公司編號:200702000044) 上述簡明綜合損益表應與隨附附註一併閱讀。 | --- | --- | --- | --- | |-----------------------------------|-------|-----------------------------------------------------------------------------|-------------------------------------------------------------| | | 附註 | 截至 年 月 \n2020 9 \n(未經審核) \n截至 9 月 30 日止 \n2020 年 \n千美元 | 簡明綜合損益表 日止 個月 \n30 ...
世界华文媒体(00685) - 2020 - 年度财报
2020-07-24 09:24
Financial Performance - Media Chinese International Limited reported a significant increase in revenue, reaching RM 500 million, representing a 15% year-over-year growth[19] - The company reported a significant increase in revenue, achieving a total of RM 500 million for the fiscal year, representing a 15% growth compared to the previous year[24] - The company has set a revenue guidance of RM 550 million for the next fiscal year, indicating a projected growth of 10%[24] - The group revenue for the fiscal year 2019/2020 decreased by $46.3 million or 16.2% to $239.2 million[41] - The company reported a revenue of $239,217,000 for the year ending March 31, 2020, a decrease of 16.2% from $285,560,000 in the previous year[60] - The company achieved a profit before tax of $9,283,000, compared to a loss of $6,537,000 in the previous year, marking a significant turnaround[61] - Basic earnings per share for the year were $0.42, compared to a loss of $0.67 per share in the previous year, indicating a 162.7% improvement[62] - The publishing and printing segment's revenue decreased by 16.9% to $161,256,000, while the travel segment's revenue fell by 14.9% to $77,961,000[61] User Engagement and Digital Growth - The company’s user base expanded by 20%, with digital subscriptions increasing to 150,000[19] - User engagement metrics showed a 20% increase in active users, reaching 1.2 million users by the end of the fiscal year[24] - The company plans to launch a new mobile app aimed at increasing user engagement and retention in Q2 of the next fiscal year[19] - The digital business achieved slight revenue growth despite a weak core market, focusing on cross-platform advertising solutions and virtual events due to COVID-19[73] Strategic Initiatives and Investments - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new digital initiatives[19] - The company is investing RM 50 million in new product development, focusing on enhancing digital content delivery[19] - New product launches are expected to contribute an additional RM 50 million in revenue, with a focus on digital media solutions[24] - The company is exploring potential acquisitions to enhance its market presence, targeting companies with complementary media assets[19] - A strategic acquisition of a local media company is anticipated to enhance content offerings and increase audience reach by 30%[24] Cost Management and Profitability - Operating profit margin improved to 18%, up from 15% in the previous year, reflecting better cost management[19] - Cost management strategies have led to a 5% reduction in operational expenses, improving overall profitability[24] - The company is actively implementing cost reduction measures and managing cash flow to ensure sustainability during and after the COVID-19 crisis[52] - The company has implemented prudent cost control measures across all business segments to enhance operational efficiency and effectiveness[74] Market Expansion and Future Plans - Market expansion plans include entering two new Southeast Asian countries by the end of the fiscal year[19] - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[24] - The company plans to diversify its revenue streams, aiming for a 15% contribution from new business segments by the end of the next fiscal year[24] Sustainability and Corporate Responsibility - A commitment to sustainability initiatives has been made, with plans to reduce carbon emissions by 30% over the next five years[19] - The company is actively managing ESG risks and implementing environmental management practices in its production processes[138] - The board confirmed the company's continued inclusion in the FTSE4Good Index Series, reflecting its commitment to social responsibility[137] - The company emphasized its commitment to sustainable development, aiming to minimize environmental impact and enhance community engagement[136] Community Engagement and Awards - The company has been actively involved in community engagement and educational initiatives, providing valuable information to students and job seekers[105] - The company received multiple awards, including the Best News Award and Best Special Report Award from the Malaysian Multi-Resource Heavy Industry Company News Awards 2020[91] - The company achieved significant recognition in various journalism categories, including gold awards in Business and Economic Reporting and Environmental News Reporting[94] - The company hosted the 16th World Chinese Business Summit, attended by over 1,500 Chinese entrepreneurs from more than 40 countries[110] Human Resources and Workplace Diversity - The total number of employees in Malaysia and Hong Kong decreased by 6.1% to 3,123 and 3,327 respectively due to natural attrition and adjustments for competitiveness[198] - The company emphasizes workplace diversity, which is crucial for innovation and creativity in the media industry[198] - Employee demographics show a balanced gender distribution of 50% male and 50% female in managerial positions for 2020[200] - The recruitment process is non-discriminatory, ensuring equal treatment regardless of gender, race, political beliefs, or physical ability[198]
世界华文媒体(00685) - 2020 - 中期财报
2019-12-20 09:36
Financial Performance - Revenue for the six months ended September 30, 2019, was $144.53 million, a decrease of 13.8% compared to $167.70 million in the same period of 2018[3] - Gross profit for the same period was $41.24 million, down 19.3% from $51.09 million year-over-year[3] - Operating profit decreased to $6.34 million, a decline of 40.5% from $10.70 million in the previous year[3] - Net profit for the period was $5.14 million, slightly down from $5.58 million in the prior year, representing a decrease of 7.9%[3] - Basic earnings per share for the company was $0.32, unchanged from the previous year[3] - The company reported a total comprehensive income of $1.08 million for the period, a significant recovery from a loss of $10.36 million in the same period last year[7] - For the six months ended September 30, 2019, the company reported a profit of $5,449 thousand, compared to a profit of $6,038 thousand for the same period in 2018, representing a decrease of approximately 9.7%[20] - The total comprehensive income for the period was $1,543 thousand, down from $6,038 thousand in the previous year, indicating a decline of approximately 74.5%[20] - Cash generated from operating activities was $15,512 thousand, a decrease of 28.5% from $21,729 thousand in the prior year[24] - The net cash inflow from operating activities after interest and tax payments was $14,771 thousand, down from $17,490 thousand, reflecting a decrease of about 15.6%[24] - The group reported a pre-tax profit of $6.00 million for the period, compared to $9.24 million in the previous year, indicating a decrease of approximately 35.00%[92] - The group reported a net profit of $5.14 million for the period, compared to $5.58 million in the previous year, representing a decrease of about 7.89%[92] Assets and Liabilities - Total assets as of September 30, 2019, were $141.32 million, a slight increase from $137.05 million as of March 31, 2019[10] - Current liabilities amounted to $72.37 million, compared to $72.46 million in the previous period, indicating a stable liability position[10] - The total assets of the group as of September 30, 2019, amounted to $249.08 million, with total liabilities of $79.87 million[104] - The company's total liabilities amounted to $79,760,000 as of September 30, 2019[118] - Non-current assets totaled $107,528,000, with Malaysia and other Southeast Asian countries contributing $83,159,000[127] - The total equity attributable to owners as of September 30, 2019, was $167,615 thousand, a decrease from $197,669 thousand as of April 1, 2018, representing a decline of approximately 15.2%[20] Cash Flow and Liquidity - Cash and cash equivalents increased to $74.47 million from $69.20 million, reflecting improved liquidity[10] - Cash and cash equivalents at the end of the period were $74,469 thousand, down from $111,921 thousand at the beginning of the period, indicating a decrease of approximately 33.5%[24] - The company reported a net cash outflow from investing activities of $4,422 thousand, compared to an inflow of $6,369 thousand in the previous year, indicating a significant change in investment cash flow[24] - Cash and cash equivalents as of September 30, 2019, were $85,122,000, an increase from $75,155,000 on March 31, 2019, while total borrowings decreased to $17,885,000 from $19,912,000[182] - The net cash position improved to $67,237,000 as of September 30, 2019, compared to $55,243,000 on March 31, 2019[182] Shareholder Information - The company’s major shareholder, Dr. Zhang Yiqing, holds 16.52% of the company's shares, with a total equity interest of 278,723,889 shares[187] - Dato' Sri Zhang Xiaoqing holds 880,484,294 shares, representing 52.19% of the total issued ordinary shares[195] - Progresif Growth Sdn Bhd owns 296,463,556 shares, accounting for 17.57% of the total issued ordinary shares[195] - The ownership structure reflects a concentrated control with the top three shareholders holding over 84% of the total shares[195] Segment Performance - The publishing and printing segment in Malaysia and other Southeast Asian countries generated revenue of $54.68 million, while the Hong Kong and Taiwan segment contributed $25.10 million, and North America added $5.51 million[92] - The publishing and printing segment's revenue dropped by 15.5% to $85.29 million, leading to a 63.7% decline in profit before tax to $2.09 million[168] - The tourism segment's revenue decreased by 11.3% to $59.24 million, with profit before tax down 19.1% to $4.31 million[168] - The group’s publishing and printing segment experienced a pre-tax loss of $1.60 million in Hong Kong and Taiwan, while North America reported a pre-tax loss of $0.84 million[92] Risks and Challenges - The company anticipates facing challenges in the second half of the 2019/2020 fiscal year due to reduced advertising spending and a deteriorating business environment in Hong Kong[181] - The group faces various financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in risk management policies since March 31, 2019[66][67] - The company operates primarily in publishing, printing, and distributing Chinese-language newspapers, magazines, books, and digital content across various regions[27] Strategic Initiatives - The group implemented cost control measures to offset revenue declines, including optimizing human resources and improving operational efficiency[172] - The digital business is investing heavily in developing and reshaping its model to attract advertisers and readers, with a strong growth of over 30% in unique visitors to the main website from March to September 2019[179] - The company plans to optimize costs and enhance digital content and platform capabilities while focusing on unique travel experiences in the travel segment[181]
世界华文媒体(00685) - 2019 - 年度财报
2019-07-11 08:59
年 度 報 告 2018/19 年度 報告 2018/19 世界華文媒體有限公司 馬來西亞 電話: (603) 7965 8888 傳真: (603) 7965 8689 電話:(852) 2595 3111 傳真: (852) 2898 2691 香港 香港柴灣嘉業街18號明報工業中心A座15樓 世 界 華 文 媒 體 有 限 公 司 Media Chinese International Limited 馬來西亞公司編號 : 995098-A 馬來西亞股份代號 : 5090 香港股份代號 : 685 目錄 公司資料 02 | --- | --- | |----------------------------|-------| | | | | 董事會簡歷 | | | 高級管理層成員簡歷 | | | 主席報告書 | | | 管理層討論與分析 | | | 年度主要獎項 | | | 大事紀要 | | | 可持續發展報告 | | | 企業管治概況聲明 | | | 董事對財務報表之責任聲明 | | | 風險管理及內部監控聲明 | | | 審核委員會報告 | | | 董事會報告 | | | 獨立核數師報告 | | | ...