MEDIA CHINESE(00685)

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世界华文媒体(00685) - 2024 Q1 - 季度业绩
2023-08-29 09:43
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布之內容概不負責,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布全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 MEDIA CHINESE INTERNATIONAL LIMITED 世界華文媒體有限公司 (於百慕達註冊成立之有限公司) (馬來西亞公司編號:200702000044) (香港股份代號:685) (馬來西亞股份代號:5090) 公布 截至 2023 年 6 月 30 日止第 1 季度財務報告 根據馬來西亞證券交易所(「馬來西亞證交所」)主要板上市規定 9.22 段之規定, 世界華文媒體有限公司(「本公司」)為馬來西亞證交所主要板之上市公司,於 2023 年8月29日向馬來西亞證交所公布本公司及其附屬公司(統稱為「本集團」)截至 2023年6月30日止季度之未經審核簡明綜合業績。 本公布同時根據香港聯合交易所有限公司證券上市規則(「香港上市規則」)第 ...
世界华文媒体(00685) - 2023 - 年度财报
2023-07-18 09:10
Financial Performance - Media Chinese International Limited reported a revenue of RM 500 million for the fiscal year 2022/23, representing a 10% increase compared to the previous year[1]. - The company achieved a net profit of RM 50 million, which is a 15% increase year-over-year[1]. - For the fiscal year ending March 31, 2023, the group's revenue increased by 8.4% to $132,655,000, up from $122,387,000 in the previous year, primarily driven by improvements in the tourism segment[45]. - The group recorded a pre-tax profit of $1,707,000, down from $1,999,000 in the previous year, due to economic conditions in the operating countries[46]. - The company's profit before tax decreased by 14.6% to $1,707,000 from $1,999,000 in the previous year, primarily due to increased long service payment provisions[62]. - The basic loss per share for the fiscal year was $0.01, a decline of 150.0% from a profit of $0.02 per share in the previous year[63]. - The Malaysian business segment reported a slight revenue increase of 1.1% to $74,074,000, with profit before tax rising by 16.6% to $6,119,000[65]. - The Hong Kong and Taiwan publishing segment saw a slight revenue increase of 0.3% to $40,671,000, with profit before tax improving from a loss of $528,000 to a profit of $275,000[67]. - The subsidiary, Wanhua Media Group, reported a revenue decrease of 10.4% to $5,182,000, resulting in a loss before tax of $2,361,000[70]. - The Canadian publishing segment experienced a slight revenue decline to $7,439,000, with losses before tax widening to $3,431,000 due to rising costs and lack of government subsidies[71]. - The company faced negative currency impacts of approximately $5,485,000 on revenue and $219,000 on profit before tax due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[62]. - Cash and cash equivalents totaled $93,573,000 as of March 31, 2023, with a net asset value per share of $9.09[63]. - The group recorded a revenue of $132,655,000 and a profit before tax of $1,707,000 for the fiscal year ending March 31, 2023[174]. Market Strategy and Growth - User engagement metrics showed a 20% growth in digital platform users, reaching 1 million active users[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[1]. - New product launches are expected to contribute an additional RM 30 million in revenue, with a focus on digital content and subscription services[1]. - Research and development investments increased by 30%, focusing on enhancing digital media technologies[1]. - The management provided guidance for the next fiscal year, projecting a revenue growth of 12%[1]. - The company is focused on enhancing its digital services, including the WAW digital creative and production department and the Power Up e-commerce platform[17]. - The company continues to focus on enhancing its advertising products and developing customized advertising solutions to attract new clients and improve brand visibility[66]. - The digital business is expanding through increased revenue from existing operations and the introduction of new cross-platform products, adapting to the significant transformation in the online advertising industry[73]. - The company is committed to enhancing its digital subscription revenue sources while complying with privacy regulations[73]. Sustainability and Corporate Governance - The company emphasized its commitment to sustainable practices, aiming for a 50% reduction in carbon footprint by 2025[1]. - The group established a sustainability committee to review and improve its sustainability practices and governance standards[56]. - The sustainable development policy focuses on reducing material usage, promoting ethical business practices, prioritizing employee welfare, and minimizing environmental impact[120]. - The sustainable development committee, led by the CEO, is responsible for promoting and implementing sustainable practices to create long-term value for the group[125]. - The group aims to achieve net-zero carbon emissions by 2050 and plans to maintain or reduce greenhouse gas emissions in the next fiscal year[180]. - The group is committed to integrating economic, environmental, social, and governance (EESG) principles into its operations[112]. - The group emphasizes the importance of quality products and customer service while conducting business fairly[121]. - The group encourages talent development, promotes health and safety, and supports diversity in the workplace[121]. - The company is dedicated to responsible corporate citizenship, contributing to the welfare of the communities in which it operates through its charitable foundation[139]. - The company has established a robust procurement policy and supply chain management system, with 85% of its procurement (approximately $44,400,000) sourced from local suppliers in Malaysia and Hong Kong[148]. - The group successfully reduced its greenhouse gas emissions from purchased electricity by 5% to approximately 10,300 tons of CO2 equivalent for the fiscal year 2022/2023[181]. - The emission density decreased from 1,018 tons of CO2 equivalent per facility in 2020/2021 to 936 tons in 2022/2023, reflecting the group's efforts to reduce its carbon footprint[182]. - The total energy consumption was reduced to approximately 14,984,000 kWh for the fiscal year 2022/2023, a decrease of 3% year-on-year[190]. - The group is committed to reducing waste and follows principles of "reduce, reuse, recycle, and replace" to ensure effective use of environmental resources[198]. Community Engagement and Recognition - Star Media Group received multiple awards at the 2021 Datuk Wong Kee Tat Journalism Awards, including the Best News Report Award and several commendations for various categories[87]. - The company was recognized with the Outstanding Feature Article Award at the 2021 Petronas Journalism Awards, highlighting its strong reporting capabilities[88]. - In 2022, Star Media Group won the Gold Award for Feature Reporting at the Sabah State Government and Sabah Journalists Association's Shen Shan Journalism Awards[89]. - The company achieved significant recognition in the 2022/23 year, with multiple awards for excellence in journalism across various categories, including sports and education reporting[90]. - Star Media Group's initiatives included the distribution of nearly RM900,000 in scholarships to 23 students under the "Seventh Star Daily Reader Scholarship Program" to support higher education[100]. - The company organized a health exhibition with over 150 booths to enhance public health awareness, demonstrating its commitment to community engagement[103]. - Star Media Group's foundation hosted an event for 180 elderly participants, showcasing its dedication to social responsibility and community support[101]. - The company celebrated its 35th anniversary of Guang Ming Daily with a gala dinner, reinforcing its relationships with stakeholders and partners[102]. - The group successfully organized several events, including the "Malaysia Health and Wellness Expo" and the "Huazong Literature Award," to strengthen stakeholder relationships and promote cultural heritage[52]. Compliance and Risk Management - The company has not reported any significant non-compliance with laws and regulations, nor received any customer complaints or product recalls during the fiscal year 2022/2023[156]. - Approximately 77% of the company's operating entities assessed corruption-related risks during the review year[168]. - The company has implemented anti-bribery due diligence procedures for suppliers, ensuring compliance with anti-corruption laws[169]. - The company maintains strict quality assurance procedures across all operational departments to ensure consistent quality[153]. - The company has established a whistleblowing mechanism for employees to report illegal activities without fear of retaliation[169].
世界华文媒体(00685) - 2023 - 年度业绩
2023-05-29 10:27
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布之內容 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 因本公布全部或任何部分內容而產生或因倚賴該等內容而引致之任何損 失承擔任何責任。 MEDIA CHINESE INTERNATIONAL LIMITED 世 界 華 文 媒 體 有 限 公 司 (於 百 慕 達 註 冊 成 立 之 有 限 公 司) (馬 來 西 亞 公 司 編 號:200702000044) (香 港 股 份 代 號:685) (馬 來 西 亞 股 份 代 號:5090) 截 至2023年3月31日 止 年 度 之 全 年 財 務 業 績 公 布 世界華文媒體有限公司(「本公司」)董事謹此宣布,本公司及其附屬公司(統 稱「本 集 團」)截 至2023年3月31日 止 年 度 之 綜 合 業 績,連 同 截 至2022年3月 31日止年度之比較數字如下: 綜合損益表 截至3月31日止年度 2023年 2022年 附註 千美元 千美元 營業額 4 132,655 122,387 已售貨品成本 (85,330) (75,700) 毛利 47,325 46,687 其他收入 ...
世界华文媒体(00685) - 2023 Q3 - 季度财报
2023-02-27 09:34
Financial Performance - For the quarter ended December 31, 2022, the company reported a profit of $671,000, a decrease of 57.7% compared to $1,587,000 in the same quarter of 2021[7]. - The company's revenue for the same quarter was $34,618,000, representing an increase of 2.5% from $33,778,000 in the previous year[15]. - The gross profit for the quarter was $12,996,000, down 8.5% from $14,203,000 year-over-year[15]. - The total comprehensive income for the quarter was $8,013,000, compared to $2,211,000 in the same quarter of 2021, marking a significant increase[7]. - The company reported a basic earnings per share of $0.05 for the quarter, down from $0.10 in the same quarter of the previous year[15]. - The total operating profit for the quarter was $1,656,000, a decrease of 32.4% from $2,454,000 in the same quarter of 2021[15]. - The company reported a net profit attributable to owners of the company of $1,879 thousand, a 60.2% increase from $1,172 thousand in the prior year[18]. - Basic earnings per share for the nine months was $0.11, compared to $0.07 in the same period last year, reflecting a growth of 57.1%[18]. - The pre-tax profit for the quarter was $1,382,000, a decrease of 41.2% from $2,351,000 in the previous year[84]. - The group's profit before tax for the three months ended December 31, 2022, decreased by 41.2% to $1,382,000 from $2,351,000 in the previous year[143]. Revenue and Segments - The total revenue for the nine months ended December 31, 2022, was $151,973,000, an increase from $148,285,000 in the same period of 2021[15]. - Revenue for the nine months ended December 31, 2022, was $101,284 thousand, an increase of 9.4% from $92,546 thousand in the same period of 2021[18]. - The total revenue for the publishing and printing segment in Malaysia, Hong Kong, Taiwan, and North America reached $34,618,000, with advertising revenue contributing $20,857,000[43]. - The travel and related services segment generated revenue of $2,600,000, bringing the total revenue to $34,618,000 for the quarter ended December 31, 2022[43]. - The total sales for newspapers, magazines, books, and digital content amounted to $11,161,000 for the quarter ended December 31, 2022, reflecting a growth from $10,937,000 in the same period of the previous year[47]. - The Malaysian division's revenue decreased by 4.1% to $19,978,000 due to negative foreign exchange impacts, but grew by 4.7% in local currency[144]. - The travel division's revenue surged from $335,000 to $2,600,000, turning a loss of $511,000 in the previous year into a profit of $2,000[146]. Costs and Expenses - The cost of goods sold for the nine months was $63,170 thousand, which is an increase of 10.5% from $57,042 thousand in the same period of 2021[18]. - The group’s depreciation expense for property, plant, and equipment was $1,348,000 for the quarter ended December 31, 2022[43]. - The group recorded a decrease in dividends paid, amounting to $2,531,000 compared to $1,687,000 in the previous year[1]. - The group anticipates that the cost of newsprint will remain high in the fourth quarter and will slowly decline in 2023[129]. Assets and Liabilities - Total assets as of December 31, 2022, amounted to $219,525 thousand, while total liabilities were $57,330 thousand[22][26]. - Current liabilities totaled $55,463 thousand as of December 31, 2022, compared to $51,560 thousand as of March 31, 2022, reflecting an increase of approximately 7.4%[66]. - The total assets as of December 31, 2022, amounted to $84,783 thousand, a decrease from $92,155 thousand as of March 31, 2022, representing a decline of approximately 8.5%[65]. - The total liabilities and equity as of December 31, 2022, were $160,306 thousand, a decrease from $167,965 thousand as of March 31, 2022, representing a decline of approximately 4.0%[66]. - The company’s cash and cash equivalents stood at $130,986 thousand as of December 31, 2022, compared to $127,370 thousand as of March 31, 2022, showing an increase of about 2.1%[65]. Strategic Initiatives and Outlook - The company has plans for market expansion and new product development, focusing on enhancing digital content offerings and travel-related services[28]. - Future outlook and strategic initiatives were not detailed in the provided content, indicating a potential area for further inquiry in upcoming reports[7]. - The group plans to expand its market presence and enhance its product offerings in the coming quarters, focusing on digital content and travel services[43]. - The group anticipates economic improvement in Malaysia and Hong Kong in 2023, although inflation and high interest rates may weaken this recovery[151]. Foreign Exchange and Other Impacts - The group experienced negative foreign exchange impacts due to the weakening of the Malaysian Ringgit and Canadian Dollar, affecting operational performance[148]. - The group reported a net foreign exchange loss of $113,000 for the three months ended December 31, 2022[152]. - The company recorded a loss of $(25,339) thousand in other comprehensive income, primarily due to fair value changes in financial assets[94].
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 ...