MEDIA CHINESE(00685)

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世界华文媒体(00685) - 2025 - 中期业绩
2024-11-27 09:31
Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of $86,797 thousand, an increase of 11.8% compared to $77,482 thousand in the same period of 2023[2] - The gross profit for the same period was $21,871 thousand, up from $19,628 thousand, reflecting a growth of 11.4% year-over-year[2] - The net loss for the period was $2,330 thousand, an improvement from a net loss of $5,339 thousand in the prior year, indicating a reduction of 56.4%[2] - The company reported a basic loss per share of $0.12 for the six months ended September 30, 2024, compared to a loss of $0.29 in the same period of 2023[2] - The company reported a pre-tax loss of $1,531 thousand for the six months ending September 30, 2024, compared to a loss of $4,797 thousand for the same period in 2023, indicating an improvement in financial performance[21] - The group reported a loss before tax of $(1,858) thousand, which is a 63.8% improvement from a loss of $(5,132) thousand in the previous year[57] - Basic loss per share for the six months ended September 30, 2024, was $(0.12), an improvement of 58.6% compared to $(0.29) for the same period in 2023[45][57] Assets and Liabilities - The company's total assets as of September 30, 2024, were $147,513 thousand, compared to $134,501 thousand as of March 31, 2024, representing an increase of 9.6%[6] - The company's total liabilities increased to $71,917 thousand from $64,668 thousand, reflecting a rise of 11.6%[6] - The company's equity attributable to owners was $138,235 thousand as of September 30, 2024, compared to $126,640 thousand as of March 31, 2024, indicating an increase of 9.2%[8] - The total assets and liabilities for the company as of September 30, 2024, are under review and will be disclosed in the upcoming financial statements[26] - The company's total liabilities, including unallocated liabilities, reached $69,871 million as of September 30, 2024[34] Revenue Breakdown - Revenue from the Publishing and Printing segment primarily comes from advertising services and sales of newspapers and magazines[17] - The revenue from publishing and digital content sales amounted to $19,660 thousand, while advertising revenue was $32,445 thousand for the six months ending September 30, 2024[24] - The service revenue related to travel and tourism reached $34,692 thousand for the six months ending September 30, 2024, compared to $22,475 thousand in the same period of the previous year, showing a significant growth of approximately 54.3%[21] - The publishing and printing segment's revenue decreased by 5.3% to $52,105,000, primarily due to weak market sentiment in core markets like Hong Kong[59] - The North America segment's revenue declined by 16.2% to $2,984,000, with a slight increase in loss before tax to $1,891,000[71] Cash and Cash Equivalents - The company's cash and cash equivalents increased to $75,578 thousand from $68,103 thousand, marking a growth of 10.5%[6] - The group's cash and cash equivalents as of September 30, 2024, amounted to $113,566,000, up from $95,524,000 as of March 31, 2024[88] - The group's net cash value increased to $81,147,000 as of September 30, 2024, compared to $68,451,000 as of March 31, 2024[88] Operational Segments - The group operates in four main business 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[17] - The group continues to focus on expanding its travel-related services, which have shown strong revenue growth in the current reporting period[23] - The group has expanded its luxury travel offerings to ASEAN countries like Vietnam and European cruise destinations, responding to increased demand from high-spending customers[74] - The group is focusing on enhancing its luxury travel products to solidify its position in a profitable market despite rising travel costs due to new tourism taxes in various countries[75] Corporate Governance - The company has complied with the Malaysian Corporate Governance Code and the Hong Kong Listing Rules, ensuring a high level of corporate governance[94][95] - The board of directors aims to maintain good corporate governance standards, with at least 50% of members being independent directors and at least 30% being female directors[97] - The company has established a framework for corporate governance based on the Malaysian Corporate Governance Code and Hong Kong Listing Rules[94] - The company will continue to review and assess recommendations under the Malaysian Corporate Governance Code to achieve and maintain high governance standards[97] Other Financial Metrics - The group recognized a foreign currency translation gain of $17,418 thousand during the period, compared to a loss of $7,890 thousand in the previous year[4] - Interest income for the six months ending September 30, 2024, was $1,376 thousand, compared to $1,118 thousand for the same period in 2023, indicating an increase of approximately 23.1%[21] - The total operating expenses, excluding income tax, were $5,132 thousand for the six months ending September 30, 2024, compared to $5,879 thousand in the same period of 2023, showing a decrease in expenses[21] - The company incurred direct costs related to travel and travel-related services amounting to $30,333 million for the six months ended September 30, 2024, up from $19,520 million in 2023[39] - The company’s intangible asset amortization expense was $191 million for the six months ended September 30, 2024, down from $347 million in 2023[39] Shareholder Actions - The company repurchased a total of 32,978,600 shares at a total cost of approximately USD 946,000, with 31,522,600 shares repurchased on the Malaysian stock exchange for a total cost of 4,229,759 MYR (approximately USD 921,000)[90][92] - The total repurchased shares included 1,456,000 shares on the Hong Kong Stock Exchange for a total cost of 322,823 HKD (approximately USD 25,000)[92]
世界华文媒体(00685) - 2025 Q1 - 季度业绩
2024-08-29 09:12
Revenue and Profitability - Revenue for Q1 2024 reached 43,341 thousand USD, a 19.0% increase from 36,313 thousand USD in Q1 2023[2] - Gross profit for Q1 2024 was 10,655 thousand USD, up 12.2% from 9,500 thousand USD in the same quarter last year[2] - Operating loss decreased to 456 thousand USD in Q1 2024 from 2,594 thousand USD in Q1 2023, representing an improvement of 82.4%[2] - Net loss for Q1 2024 was 1,032 thousand USD, a significant reduction compared to 2,903 thousand USD in Q1 2023, marking a 64.5% decrease[2] - Basic and diluted loss per share for Q1 2024 was 0.05 USD, compared to 0.16 USD in Q1 2023, indicating a 68.8% improvement[2] - Total comprehensive loss for Q1 2024 was 601 thousand USD, significantly lower than 10,354 thousand USD in Q1 2023, reflecting an 94.2% reduction[3] - Other income for Q1 2024 was 1,498 thousand USD, slightly up from 1,490 thousand USD in Q1 2023[2] Costs and Expenses - The cost of goods sold for Q1 2024 was 32,686 thousand USD, an increase from 26,813 thousand USD in Q1 2023, representing a 21.5% rise[2] - The company reported a pre-tax loss of $2.877 million for the quarter, with a total quarterly loss of $2.903 million after tax expenses[21] - The company incurred a total depreciation expense of $1.322 million for the quarter, with $1.057 million attributed to property, plant, and equipment[21] - The company reported a decrease in interest paid, totaling $415,000 for the quarter, compared to $278,000 in the same period last year[10] Assets and Liabilities - Total assets as of June 30, 2024, amounted to $140,740 thousand, an increase from $134,501 thousand as of March 31, 2024, representing a growth of approximately 4.9%[4] - Current liabilities increased to $73,855 thousand from $64,668 thousand, reflecting a rise of about 14.5%[5] - The company's equity attributable to owners decreased to $123,359 thousand from $126,640 thousand, a decline of approximately 2.0%[5] - Total assets of the company as of June 30, 2024, amounted to $201.970 million, with segment assets of $181.298 million and unallocated assets of $1.438 million[23] - The company’s total liabilities stood at $78.611 million, with segment liabilities of $69.871 million reported for the publishing and printing division[25] Cash Flow and Investments - Operating cash flow for the quarter ended June 30, 2024, was a net outflow of $1,491,000, compared to an inflow of $1,751,000 for the same period in 2023, representing a significant decline[10] - The company reported a net cash increase of $2,898,000 for the quarter, up from $1,116,000 in the previous year[10] - Cash flow from investing activities showed a net outflow of $511,000, compared to an outflow of $418,000 in the same quarter of the previous year[10] - The company received $5,117,000 from bank and other borrowings during the quarter, a notable increase compared to no borrowings in the same period last year[10] Segment Performance - The travel and related services segment generated $18.049 million in revenue for the quarter[20] - The publishing and printing segment reported revenue of $25,292,000, down 5.5% from $26,760,000 in the previous year[37] - The Malaysian operations experienced an 8.6% decline in revenue, dropping from $15,898,000 to $14,524,000, attributed to reduced advertising spending[37] - The travel segment's revenue increased by 88.9%, rising from $9,553,000 to $18,049,000, driven by outbound tours from Hong Kong to mainland China[38] Shareholder Information - The company declared an interim dividend of 2,531 thousand USD for the 2023/2024 fiscal year[7] - The company repurchased ordinary shares amounting to 149 thousand USD during the quarter[7] - The company repurchased a total of 5,275,100 ordinary shares at a total cost of approximately 705,877 MYR (about $149,874) during the quarter[18] Future Outlook and Strategy - The company remains optimistic about the potential of artificial intelligence to improve operations and reduce costs[40] - The company plans to continue enhancing its operational resilience in response to ongoing economic challenges[40]
世界华文媒体(00685) - 2024 - 年度财报
2024-07-17 08:33
2022年度編協拿督黃紀達新聞獎 丹斯里鄺漢光體育報道獎 優勝獎:《中國報》 佳作獎:《南洋商報》 拿督黃紀達編輯獎(新聞組) 佳作獎4項:《中國報》 92 102 2023/24年報 25 大事紀要 – 馬來西亞(星洲媒體集團) 教養」系列活動,透過講座及工作坊,提高社會對教養孩子及 《南洋商報》 由馬來西亞Carlsberg集團贊助、《南洋 商報》及《中國報》聯辦的「十大義演」, 因疫情停辦3年後於2023年復辦。在參 與者的慷概捐助下,為10所華教小學共 籌得善款2,050萬令吉,用作校園修復及 建設之用。 《中國報》「粉紅社」舉辦「粉 · 聚2.0」 活動,為女性企業家及女商人營 造一個相互學習、分享及扶持的 平台。世華媒體主席張聰女士與 約160人參加活動,反應熱烈。 因疫情而闊別4年的「Bella Better Together」於2023年復辦,一眾藝 人、KOL及讀者共聚兩天一夜的 美麗約會,場面歡樂熱鬧。 可持續發展聲明 作為媒體機構,本集團一直報道該等事件,並積極提高公司及個人對採納環境、社會及管治常規重要性之意識。 報告期間 本可持續發展聲明涵蓋本集團於馬來西亞及香港之業務活動,該等業務 ...
世界华文媒体(00685) - 2024 - 年度业绩
2024-05-28 10:26
Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue decreased by 3.8% to $5,049,000 compared to $5,251,000 in the previous fiscal year[6]. - The group's pre-tax loss widened by 12.9% to $2,682,000 from $2,376,000 in the previous year[6]. - The basic loss per share for the fiscal year ending March 31, 2024, was $0.76, compared to a basic loss of $0.01 per share in the previous year[9]. - The overall annual loss for the group was $13,631,000, compared to a loss of $883,000 in the previous year[46]. - The group reported a total comprehensive loss of $23,329,000 for the year, significantly higher than the previous year's loss of $7,100,000[46]. - The company reported a pre-tax loss of $14,159 million, with specific losses of $5,412 million from Malaysia, $5,453 million from Hong Kong and Taiwan, and $3,294 million from North America[63]. - The group incurred a net loss attributable to shareholders of (12,907) thousand USD for the year ended March 31, 2024, compared to a loss of (245) thousand USD in the previous year, reflecting a substantial decline in performance[97]. - Basic loss per share for the year ended March 31, 2024, was (0.76) cents, compared to (0.01) cents for the previous year, indicating a significant deterioration in earnings per share[97]. Revenue Breakdown - The group achieved a revenue growth of 10.8% for the fiscal year ending March 31, 2024, reaching $147,018,000, up from $132,655,000 in the previous year[28]. - The travel segment's revenue surged by 278.4% to $39,619,000, compared to $10,471,000 last year, driven by the global recovery in travel[29]. - The publishing and printing segment's revenue decreased by 12.1% to $107,399,000 from $122,184,000 last year[29]. - Revenue from Hong Kong and Taiwan operations decreased by 10.8% year-on-year to $36,290,000, resulting in a pre-tax loss of $5,453,000 compared to a pre-tax profit of $275,000 last year[17]. - Total revenue from publishing, printing, and digital content sales reached $38,947 million, with a breakdown of $25,970 million from Malaysia, $10,682 million from Hong Kong and Taiwan, and $2,295 million from North America[63]. - Advertising revenue amounted to $68,452 million, with $38,028 million from Malaysia, $25,608 million from Hong Kong and Taiwan, and $4,816 million from North America[63]. - Travel and related services generated $39,619 million in revenue, contributing to a total of $147,018 million across all segments[63]. Assets and Liabilities - The total assets decreased from 158,685 thousand USD in 2023 to 131,843 thousand USD in 2024, representing a decline of approximately 16.9%[57]. - Non-current assets decreased from 83,818 thousand USD in 2023 to 62,010 thousand USD in 2024, a reduction of about 26.1%[57]. - Current assets increased from 61,524 thousand USD in 2023 to 68,103 thousand USD in 2024, reflecting an increase of approximately 10.7%[57]. - The total liabilities increased from 51,890 thousand USD in 2023 to 64,668 thousand USD in 2024, representing an increase of about 24.7%[57]. - The group's total liabilities as of March 31, 2024, were $27,073,000, up from $21,070,000 a year earlier[129]. - The group reported total equity of $128,833,000 as of March 31, 2024, down from $153,314,000 on March 31, 2023[129]. Operational Challenges - The group faced significant challenges in Hong Kong and Taiwan due to slower-than-expected economic recovery and rising operational costs[16]. - The group faced a negative foreign exchange impact of approximately $3,183,000 on revenue due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[31]. - The group remains vigilant regarding ongoing geopolitical tensions that may affect travel confidence and business performance[43]. - The management is closely monitoring economic and political developments to manage operational costs prudently amid rising commodity and energy costs[106]. Strategic Initiatives - The group successfully expanded its customer base beyond luxury brands to include banking, restaurants, and retail sectors[6]. - The group is developing a self-service advertising platform to simplify the advertising purchasing process for small and medium-sized advertisers[14]. - The group aims to enhance brand awareness and consumer engagement through digital subscription and industry aggregation platforms[14]. - The group plans to continue exploring AI technologies to improve content creation and audience behavior analysis[124]. - The group aims to leverage artificial intelligence and machine learning to enhance user experience and accelerate digital advertising revenue growth[124]. Employee and Governance - As of March 31, 2024, the group had 2,640 employees, a decrease from 2,741 employees in the previous year[111]. - The company maintains compliance with Malaysian governance codes, including having a majority of independent directors on the board[115]. - The group is committed to maintaining high corporate governance standards in accordance with Malaysian and Hong Kong regulations[140]. Digital and Marketing Efforts - The group reported a decrease in page views for its digital business due to changes in social media platforms, particularly Facebook's significant modifications[103]. - The company aims to enhance direct engagement with its audience to increase average revenue per user, focusing on encouraging existing customers to consume more content[103]. - The group has implemented the MCIL ID project on two digital assets, aiming to enhance user experience and increase subscription rates through personalized services[123].
世界华文媒体(00685) - 2024 Q3 - 季度业绩
2024-02-28 09:50
Financial Performance - For the quarter ended December 31, 2023, the company reported revenue of $36.36 million, an increase of 5.06% compared to $34.62 million in the same quarter of 2022[5]. - The cost of goods sold for the quarter was $27.04 million, up from $21.62 million in the previous year, resulting in a gross profit of $9.32 million, down 28.92% from $12.99 million[5]. - The company recorded a net loss of $1.23 million for the quarter, compared to a profit of $0.67 million in the same quarter of 2022, reflecting a significant decline in profitability[6]. - Operating loss for the quarter was $0.90 million, compared to an operating profit of $1.66 million in the same quarter of the previous year[5]. - The company reported total comprehensive income of $1.37 million for the quarter, down from $8.02 million in the same quarter of 2022[6]. - Basic and diluted loss per share for the quarter was $0.07, compared to earnings per share of $0.05 in the same quarter of 2022[5]. - Other income for the quarter was $1.52 million, slightly down from $1.73 million in the same quarter of the previous year[5]. - The company experienced a significant increase in financing costs, which rose to $0.36 million from $0.27 million year-over-year[5]. - The company reported a foreign exchange gain of $2.72 million for the quarter, compared to a gain of $7.35 million in the same quarter of 2022[6]. - Revenue for the nine months ended December 31, 2023, was $113,845 thousand, an increase of 12.5% compared to $101,284 thousand in 2022[8]. - Gross profit decreased to $28,951 thousand, down 24.0% from $38,114 thousand in the same period last year[8]. - Operating loss for the nine months was $5,413 thousand, compared to an operating profit of $4,077 thousand in 2022[8]. - Net loss attributable to the owners of the company was $6,024 thousand, compared to a profit of $1,879 thousand in the previous year[8]. - Total comprehensive loss for the nine months was $12,337 thousand, compared to a loss of $4,262 thousand in 2022[9]. - The company reported a net loss of $6.024 million for the third quarter of 2023, compared to a profit of $1.879 million in the same period last year[17]. - The company reported a pre-tax loss of $1,261,000 for the quarter, compared to a profit of $1,382,000 in the same quarter last year[39]. - The group recorded a pre-tax loss of $6,393,000 for the nine months, compared to a pre-tax profit of $3,537,000 in the same period last year[64]. Cash Flow and Financial Position - Cash and cash equivalents as of December 31, 2023, were $56,074 thousand, down from $61,524 thousand as of March 31, 2023[11]. - Inventory decreased to $8,480 thousand from $11,145 thousand as of March 31, 2023, indicating a reduction of 23.9%[11]. - Total assets as of December 31, 2023, were $120,510 thousand, compared to $126,757 thousand as of March 31, 2023[11]. - The company reported a financing cost of $963 thousand, an increase from $533 thousand in the previous year[8]. - As of December 31, 2023, the total equity attributable to the owners of the company is $137.696 million, a decrease from $152.564 million as of March 31, 2023, representing a decline of approximately 9.7%[13]. - The retained earnings as of December 31, 2023, stand at $192.295 million, down from $200.850 million as of March 31, 2023, indicating a decrease of about 2.8%[19]. - The company's total assets per share attributable to owners decreased from $9.09 to $8.25, reflecting a decline of approximately 9.2%[13]. - The non-controlling interests in equity increased from $(750) thousand to $(1,467) thousand, indicating a worsening position for minority shareholders[19]. - The company’s other reserves have worsened, moving from $(123.915) million to $(129.511) million, a decline of approximately 4.7%[19]. - The total liabilities decreased from $158.685 million to $143.053 million, a reduction of approximately 9.8%[19]. - The company’s lease liabilities decreased from $359 thousand to $159 thousand, indicating a reduction of approximately 55.7%[19]. - The company’s financial position reflects a significant impact from currency translation differences, with a loss of $(5.159) million recorded in other comprehensive income[17]. - The total comprehensive loss for the period was $56,626 thousand, which includes a loss of $27,650 thousand for the quarter[21]. - The company's cash and cash equivalents decreased by $19,049 thousand for the nine months ended December 31, 2023, compared to an increase of $30,257 thousand in the same period of 2022[23]. - The company reported a decrease in revenue from operating activities, with cash outflows of $16,157 thousand for the nine months ended December 31, 2023, compared to inflows of $34,658 thousand in the same period of 2022[23]. - The company’s interest paid increased to $4,420 thousand for the nine months ended December 31, 2023, from $2,446 thousand in the same period of 2022[23]. - The company’s cash flow from financing activities resulted in a net cash outflow of $12,558 thousand for the nine months ended December 31, 2023, compared to $12,682 thousand in the same period of 2022[23]. - The group experienced a negative currency impact of approximately $1,956,000 on revenue due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[64]. - As of December 31, 2023, the group's total borrowings amounted to $21,169,000, all secured[74]. Dividends and Shareholder Returns - The company declared an interim dividend of $2.531 million for the 2022/2023 fiscal year, consistent with previous periods[17]. - The group declared an interim dividend of $0.15 per share, totaling $2,531,000, paid on July 7, 2023[34]. - The company paid dividends totaling $11,618 thousand for the 2022/2023 interim period, consistent with the previous year[23]. - The board announced no dividend distribution for the review quarter, consistent with the previous year[77]. Operational Insights - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[6]. - The group’s operations may be influenced by seasonal factors, particularly around major holidays and events, affecting advertising and travel revenues[30]. - The company experienced negative currency impacts of approximately $463,000 and $34,000 on revenue and pre-tax loss, respectively, due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[59]. - The travel segment's revenue increased by 262.7% year-on-year to $9,431,000 in Q3, driven by positive customer feedback on luxury tours to mainland China[62]. - The group anticipates continued growth in the travel segment, contributing significantly to sales performance despite a challenging operating environment[67]. Segment Performance - For the quarter ending December 31, 2023, total revenue was $36,363,000, with $26,932,000 from publishing and printing and $9,431,000 from travel-related services[38]. - Advertising revenue for the quarter was $17,418,000, a decrease from $20,857,000 in the same quarter last year[39]. - The publishing and printing segment in Malaysia generated $16,092,000 in revenue, while the North American segment contributed $1,676,000[38]. - Sales of newspapers, magazines, books, and digital content for the nine months ended December 31, 2023, amounted to $30,018 thousand, down from $34,484 thousand in 2022, indicating a decline of 12.83%[44]. - Advertising revenue for the nine months ended December 31, 2023, was $51,921 thousand, compared to $59,198 thousand in 2022, a decrease of 12.23%[44]. - Travel and related services revenue for the nine months ended December 31, 2023, was $31,906 thousand, significantly up from $7,602 thousand in 2022, marking an increase of 319.78%[44]. - The publishing and printing segment's revenue decreased by 15.9% to $26,932,000 from $32,018,000 in the same quarter last year, resulting in a pre-tax loss of $1,491,000[60]. - The Malaysian segment's revenue fell by 19.5% to $16,092,000, leading to a pre-tax profit decline of 82.3% to $411,000 from $2,327,000 in the same quarter last year[60]. - The Hong Kong and Taiwan segment's revenue decreased by 9.3% to $9,164,000, resulting in a quarterly loss of $997,000, compared to a break-even performance in the same quarter last year[60]. - The North American segment's revenue declined by 13.4% to $1,676,000, with a pre-tax loss widening from $798,000 to $905,000[61].
世界华文媒体(00685) - 2024 - 中期财报
2023-12-14 09:01
Financial Performance - Revenue for the six months ended September 30, 2023, was $77,482 thousand, an increase of 16.2% compared to $66,666 thousand in 2022[3] - Gross profit decreased to $19,628 thousand, down 22.2% from $25,118 thousand in the previous year[3] - Operating loss for the period was $4,513 thousand, compared to an operating profit of $2,421 thousand in the same period last year[3] - Net loss for the period was $5,339 thousand, a significant decline from a profit of $803 thousand in 2022[3] - Basic and diluted loss per share was $(0.29), compared to earnings of $0.06 per share in the previous year[3] - Total comprehensive loss for the period amounted to $13,705 thousand, compared to $12,280 thousand in the prior year[4] - The company reported a pre-tax loss of $5.132 million, with a net loss of $5.339 million after tax expenses of $207,000[40] - The company reported a net loss attributable to owners of $4,914,000 for the six months ended September 30, 2023, compared to a profit of $1,044,000 in the same period of 2022, resulting in a basic and diluted loss per share of 0.29 cents[62] - Despite the revenue growth, the company recorded a loss before tax of $5,132,000, a significant decline from a profit of $2,155,000 in the previous year, representing a change of -338.1%[87] Assets and Liabilities - Non-current assets decreased to $76,976 thousand from $83,818 thousand as of March 31, 2023[7] - Current assets totaled $122,900 thousand, down from $126,757 thousand at the end of the previous fiscal year[7] - Total equity attributable to owners of the company was $137,636 thousand, a decrease from $153,314 thousand as of March 31, 2023[8] - Total assets as of September 30, 2023, amounted to $199.876 million, a slight decrease from $210.575 million as of March 31, 2023[46] - The company’s total liabilities were $63.548 million, which includes $57.827 million in segment liabilities[46] - Total liabilities increased to 272,169 thousand MYR from 243,468 thousand MYR, an increase of 11.8%[135] - Equity attributable to owners decreased to 645,788 thousand MYR from 719,349 thousand MYR, a decline of 10.2%[136] Cash Flow - For the six months ended September 30, 2023, the company reported a net cash flow from operating activities of $1,196,000, a decrease of 80% compared to $5,973,000 in the same period of 2022[14] - Cash and cash equivalents decreased by $1,319,000 during the period, ending at $58,139,000 compared to $65,760,000 at the end of the previous period[14] - The company reported a net cash outflow from investing activities of $40,000, a significant decrease from $3,883,000 in the prior year[14] - The company’s cash flow from financing activities resulted in a net outflow of $2,475,000, slightly improved from $2,720,000 in the previous year[14] - Operating cash flow for the six months ended September 30, 2023, was 5,613 thousand MYR, a decrease of 80% from 28,025 thousand MYR in the previous year[141] - Cash and cash equivalents decreased by 6,187 thousand MYR during the period, compared to an increase of 33,482 thousand MYR in the same period last year[141] Revenue Breakdown - The total revenue for the six months ended September 30, 2023, was $77.482 million, with $55.007 million from publishing and printing and $22.475 million from travel-related services[40] - The advertising revenue amounted to $34.503 million, with contributions of $18.906 million from Malaysia, $13.214 million from Hong Kong and Taiwan, and $2.383 million from North America[40] - Revenue from newspaper, magazine, book, and digital content sales was $20.504 million, down from $23.323 million in the previous year, a decrease of about 12%[44] - Advertising revenue decreased to $34.503 million from $38.341 million, reflecting a decline of approximately 10%[44] - The travel segment saw a remarkable revenue increase of 349.3%, rising from $5,002,000 to $22,475,000, resulting in a profit before tax of $1,082,000, compared to a loss of $344,000 in the prior year[88] - Conversely, the publishing and printing segment's revenue decreased by 10.8% from $61,664,000 to $55,007,000, leading to a loss before tax of $5,879,000, down from a profit of $2,821,000[88] Financial Risks and Governance - The group continues to face various financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in risk management policies since March 31, 2023[26][27] - The company is committed to adhering to the Malaysian Code of Corporate Governance and has implemented its principles and recommendations to maintain high governance standards[122] - The audit committee regularly meets with management and external auditors to discuss audit procedures and the effectiveness of the group's risk management and internal control systems[124] - The company has established a remuneration committee to review the remuneration policies for directors and senior management, ensuring alignment with the company's performance and market statistics[125] - The company has a nomination committee responsible for reviewing the structure and composition of the board, ensuring effective governance practices[126] Employee and Management Information - The company has 2,684 employees as of September 30, 2023, a decrease from 2,795 employees as of March 31, 2023, indicating a reduction of approximately 4% in workforce size[118] - The company’s major management remuneration increased to $1,034,000 for the six months ended September 30, 2023, compared to $955,000 in the previous year, reflecting a rise of 8.3%[84] Market and Strategic Focus - The company aims to enhance operational efficiency and optimize costs across all business units, particularly in printing and editorial functions, in the second half of the fiscal year[93] - The company is focusing on expanding its business in mainland China and the Greater Bay Area, collaborating with government agencies to host influential seminars to promote economic development[94] - The group remains cautious about geopolitical tensions that may affect travel confidence and business performance[98] - The group anticipates continued improvement in the travel business, supported by the recovery of airline operations and strong travel demand[102]
世界华文媒体(00685) - 2024 - 中期业绩
2023-11-29 10:06
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9月30日 止6個 月 之 中 期 財 務 業 績 公 布 世界華文媒體有限公司(「本公司」)董事宣布,本公司及其附屬公司(統稱「本 集團」)截至2023年9月30日止6個月之未經審核綜合中期業績,連同2022年 同期之比較數字如下: 簡明綜合損益表 (未經審核) 截至9月30日止6個月 附註 2023年 2022年 千美元 千美元 營業額 4 77,482 66,666 已售貨品成本 (57,854) (41,548) 毛利 19,628 25,118 其他收入 5 2,884 ...
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 ...