Financial Performance - The total revenue for the year ended December 31, 2023, was RMB 68.578 million, a decrease of 13.4% compared to RMB 79.151 million in 2022[11]. - Profit before tax from continuing operations was RMB 16.461 million, representing a significant increase of 63.5% from RMB 10.085 million in the previous year[11]. - The profit for the year from continuing operations was RMB 21.844 million, slightly down from RMB 22.007 million in 2022[11]. - For the year ended December 31, 2023, the Group's revenue from continuing operations amounted to approximately RMB 68.6 million, representing a decrease of approximately 13.4% compared to 2022 (RMB 79.2 million) [41]. - The gross profit from continuing operations for the year was approximately RMB 51.0 million, representing a decrease of approximately 16.3% from RMB 60.9 million in 2022, with a gross margin of 74.3% compared to 76.9% in 2022[52]. - Other income and gains, net from continuing operations increased significantly by approximately 135.4% to RMB 39.8 million, up from RMB 16.9 million in 2022[53]. - Profit attributable to equity holders of the Company for the year was approximately RMB 24.4 million, compared to RMB 13.2 million in 2022[71]. - The Group recorded an annual profit of approximately RMB 2,500,000 from the sale of 51% equity in Blueowlgames and Shanghai Muqiqi, completing the transaction in 2023[74]. Revenue Sources - Revenue from rental and property management services in 2023 amounted to approximately RMB 68.2 million, a decrease of 12% compared to the previous year[21]. - The revenue from the property investment business, derived from rentals and management fees, was approximately RMB 68.2 million, reflecting a decrease of approximately 12.0% compared to 2022 (RMB 77.5 million) [42]. - The cultural business revenue significantly decreased by approximately 76.0% to approximately RMB 0.4 million compared to 2022 (RMB 1.7 million), primarily due to reduced revenue from music-based entertainment [43]. Assets and Liabilities - Total assets as of December 31, 2023, were RMB 1,693.612 million, an increase from RMB 1,664.126 million in 2022[14]. - Total liabilities decreased to RMB 132.353 million from RMB 152.180 million in 2022, indicating improved financial stability[14]. - As of December 31, 2023, the Group's cash and cash equivalents amounted to approximately RMB 697.7 million, an increase from RMB 628.8 million in 2022[72]. - The Group's financial assets at fair value through profit or loss (FVPL) increased to approximately RMB 251,900,000 as of December 31, 2023, up from RMB 92,900,000 in 2022, marking a significant increase of 170.5%[82]. - Financial assets at fair value through other comprehensive income (FVOCI) rose to approximately RMB 117,400,000 as of December 31, 2023, compared to RMB 103,600,000 in 2022, indicating a growth of 13.4%[89]. Operational Challenges - The Group's occupancy rate continued to decline steadily during the reporting period, reflecting challenges in the leasing industry[21]. - The occupancy rate of A8 Music Building continued to decline, with rental and property management service income for 2023 approximately RMB 68.2 million, down 12% year-on-year [24]. - The Group's business performance may be impacted by regulatory changes in the cultural industry and competition dynamics[119]. Strategic Focus - The Group is focusing on enhancing service quality and controlling costs in response to the changing market environment[19]. - The Group is strengthening its research on companies and markets in technology, internet, and new energy sectors to identify investment opportunities[19]. - The Group plans to continue developing its industrial park and cultural industry businesses while exploring AI to enhance management effectiveness and reduce costs [37]. - The Group's strategy for 2024 includes improving building quality and service in response to external economic impacts, while seeking innovations in online literature and mini-series production [37]. Governance and Management - The Group's management is committed to ensuring the safety of its funds by periodically assessing its main banking relationships[130]. - The Group has a diverse board with members possessing significant experience in auditing, business advisory, and corporate management[154]. - The Group's independent non-executive Directors have been appointed to ensure compliance and governance standards are met[154]. - The Board of Directors is committed to presenting accurate and timely financial information to stakeholders[165]. Employee and Operational Metrics - The total employee costs amounted to approximately RMB 9.6 million, representing a decrease of approximately 25.1% compared to RMB 12.8 million in 2022[113]. - The Group's average headcount decreased to 17 in 2023 from 37 in 2022[113]. - The Group's employee remuneration is determined based on various factors, including responsibilities and experience, and includes a share option scheme to promote long-term growth[114]. Investments and Financial Strategy - The Group's investment strategy includes consolidating existing businesses while seeking new opportunities to enhance overall operations[111]. - The Group will continue to hold U.S. Treasury ETFs due to their low-risk nature, with an investment amount of RMB 126.310 million as of December 31, 2023[111]. - The Board resolved to reallocate the remaining proceeds for investment in technology, internet, and big consumption sectors, aligning with national policy directions[102]. Risk Management - The Group is monitoring liquidity risks due to concerns raised by the liquidity and solvency issues of banks, including Silicon Valley Bank, as of March 2023[130]. - The Group expects that currency fluctuations will not severely impact its operations, as most revenues and expenses are settled in RMB[131]. - The Group will maintain a cautious approach to track macroeconomic and geopolitical changes that may affect its business performance[129].

Financial Performance - For the fiscal year ending December 31, 2023, the group's profit was approximately RMB 24,400,000, compared to RMB 14,000,000 in 2022, indicating a significant increase[4] - Revenue from continuing operations for 2023 was approximately RMB 68,600,000, a decrease of about 13.4% from RMB 79,200,000 in 2022[4] - The overall gross profit margin for continuing operations in 2023 was approximately 74.3%, down by about 2.6 percentage points from 76.9% in 2022[4] - For the fiscal year ending December 31, 2023, the company reported total revenue of RMB 68,578,000, a decrease of 13.4% from RMB 79,151,000 in 2022[23] - The gross profit for the same period was RMB 50,955,000, down from RMB 60,896,000, reflecting a decline of 16.3%[23] - The net profit attributable to the company's equity holders was RMB 24,390,000, compared to RMB 13,957,000 in the previous year, indicating a significant increase[23] - The company recorded other comprehensive income of RMB 13,854,000, a substantial recovery from a loss of RMB 46,982,000 in 2022[20] - The operating expenses decreased slightly to RMB 22,692,000 from RMB 23,622,000, showing a reduction of 3.9%[23] - The company’s income tax expense was RMB 5,383,000, down from RMB 11,922,000, reflecting a decrease of 54.9%[23] - The company reported a significant increase in other income and gains, netting RMB 39,786,000 compared to RMB 16,901,000 in the previous year[23] Cash and Assets - As of December 31, 2023, cash and cash equivalents, along with highly liquid short-term assets, amounted to approximately RMB 697,700,000, reflecting a strong financial position[4] - The company’s total assets as of December 31, 2023, were RMB 4,678,000, a decrease from RMB 5,251,000 in 2022[27] - As of December 31, 2023, the company reported cash and cash equivalents of RMB 480 million[69] - The company’s total liabilities related to assets held for sale amounted to RMB 4,670 million[69] - The company’s total assets classified as held for sale were RMB 552 million as of December 31, 2023[69] - The fair value of financial assets measured at fair value through profit or loss totaled RMB 251,868,000, representing a significant increase of over 100% from RMB 92,878,000 in the previous year[171] Employee and Operational Changes - The average number of employees decreased to 17 in 2023 from 37 in 2022, with total employee costs, including director remuneration, amounting to approximately RMB 9,600,000, a reduction of about 25.1% from RMB 12,800,000 in 2022[11] - The group has implemented various measures to attract and retain tenants, such as offering installment payment plans and adjusting recruitment strategies[10] - The company plans to continue optimizing processes, controlling costs, and saving expenses to enhance investment returns[122] - The company aims to strengthen support and management for invested enterprises to achieve greater development and better investment returns[122] Investments and Business Strategy - The group is actively exploring investments and business opportunities in technology, internet, and new energy sectors, aiming to enhance project control and risk management[6] - The company is focusing on the development of its online literature business while seeking innovation and breakthroughs, particularly increasing investment in micro-dramas[129] - The company has introduced AI-assisted animation production, launching its first virtual human animation short film in 2023[126] - The company is exploring the use of AI to enhance management efficiency and reduce management costs[136] - The company has a pending arbitration case against the founder of Blue Blue Blue Blue Vision, claiming RMB 200,423,550.37 for share repurchase and interest[190] Corporate Governance - The company maintains a strong commitment to corporate governance, emphasizing high-quality board composition and robust internal controls[106] - The chairman and CEO positions are held by the same individual, Liu Xiaosong, which deviates from corporate governance guidelines but is believed to enhance decision-making for the company[107] - The audit committee consists of three independent non-executive directors, ensuring oversight of the financial reporting process and internal control systems[111] - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website, ensuring transparency for shareholders[112] Market and Economic Conditions - The company is maintaining a cautious approach to monitor macroeconomic and geopolitical risks that could impact its business environment[188] - The group will continue to monitor foreign exchange risks as part of its business development strategy[195] - The board anticipates that future currency fluctuations will not severely impact the group's business operations due to the majority of income and expenses being settled in RMB[195] Segment Performance - The cultural industry segment primarily engages in music and film production within the People's Republic of China[57] - The property investment segment focuses on leasing and property management in the People's Republic of China[57] - The group reported a segment loss of RMB 14,293 thousand in the cultural industry segment[59] - For the year ended December 31, 2023, revenue from continuing operations in the cultural industry was approximately RMB 400,000, a significant decrease of about 76.0% compared to RMB 1,700,000 in 2022[138] - The cost of the cultural industry for the year ended December 31, 2023, was approximately RMB 1,200,000, a decrease of about 28.7% from RMB 1,700,000 in 2022[140] Taxation and Compliance - The group did not generate any taxable profits in Hong Kong this year, resulting in no provision for Hong Kong profits tax[39] - The group’s total tax expense for the year was RMB (5,383) million, down from RMB (11,922) million, indicating a reduction of approximately 54.9%[41] - The group has implemented the amendments to International Accounting Standard No. 12, which introduced mandatory temporary exemptions related to deferred tax recognition and disclosure[51] Future Outlook - The company will continue to review the use of unutilized fundraising proceeds and adjust plans as necessary to respond to changing market conditions[183] - The company is actively seeking new business opportunities to complement existing operations and enhance overall performance[179]

Financial Performance - Revenue for the six months ended June 30, 2023, was RMB 37,505,000, a decrease of 7.3% from RMB 40,486,000 in the same period of 2022[10]. - Gross profit for the same period was RMB 28,931,000, down 5.3% from RMB 30,559,000 in 2022[10]. - Profit before tax from continuing operations was RMB 21,854,000, a decline of 43.5% compared to RMB 38,713,000 in the previous year[10]. - Profit for the period from continuing operations was RMB 22,565,000, down 35.4% from RMB 34,881,000 in 2022[10]. - Earnings per share for profit for the period was 0.92 cents, a decrease from 0.97 cents in the same period last year[11]. - Profit for the period decreased to RMB 25,111,000 in 2023 from RMB 27,098,000 in 2022, representing a decline of approximately 7%[14]. - Total comprehensive income for the period increased significantly to RMB 119,813,000 in 2023, compared to RMB 51,191,000 in 2022, marking an increase of approximately 134%[14]. Operational Efficiency - Other income and gains, net, increased to RMB 22,361,000 from RMB 14,336,000, reflecting a growth of 56.5%[10]. - Administrative expenses decreased to RMB 10,376,000 from RMB 12,418,000, a reduction of 16.5%[10]. - Selling and marketing expenses significantly decreased to RMB 9,000 from RMB 1,144,000, indicating a reduction of 99.2%[10]. - Cash generated from operations was RMB 19,693,000, an increase of 32.5% compared to RMB 14,872,000 in the same period of 2022[22]. - Net cash flows from operating activities amounted to RMB 13,275,000, significantly up from RMB 4,809,000 in the previous year, reflecting a growth of 176.5%[22]. Asset Management - Total non-current assets rose to RMB 1,101,887,000 as of June 30, 2023, compared to RMB 1,022,943,000 at the end of 2022, indicating an increase of about 7.7%[15]. - Current assets totaled RMB 696,664,000 as of June 30, 2023, up from RMB 640,631,000 at the end of 2022, representing an increase of approximately 8.8%[15]. - Net current assets improved to RMB 645,240,000 in 2023 from RMB 577,085,000 in 2022, showing an increase of around 11.8%[18]. - Total equity increased to RMB 1,639,279,000 as of June 30, 2023, compared to RMB 1,511,946,000 at the end of 2022, reflecting a growth of approximately 8.4%[18]. Discontinued Operations - The company reported a profit from discontinued operations of RMB 2,546,000, compared to a loss of RMB 7,783,000 in the previous year[10]. - The Group disposed of its game development and publishing business, which was classified as a discontinued operation, affecting the cultural business segment[44]. - The disposed game development and publishing services generated no revenue for the six months ended June 30, 2023, compared to RMB 9,271,000 in revenue for the same period in 2022[72]. - The profit from continuing operations for the same period was RMB 22,715,000, down from RMB 34,954,000 in 2022, representing a decrease of approximately 35%[92]. Strategic Focus - The company is focusing on expanding its market presence and enhancing its product offerings in the upcoming quarters[10]. - The Group's strategic focus is shifting away from game development and publishing services, as evidenced by the completed disposals and the resulting financial adjustments[67][68]. - The Group plans to strengthen its existing cultural industry business and actively seek breakthroughs in technology, the internet, and new energy sectors in the second half of 2023[199]. Taxation and Financial Liabilities - The income tax expense for the six months ended June 30, 2023, was a credit of RMB 711,000, compared to an expense of RMB 3,832,000 for the same period in 2022, indicating a significant reduction in tax liabilities[64]. - The total tax charge for the period from continuing operations was a credit of RMB 711,000, reflecting a shift in the Group's tax position compared to the previous year[64]. - The Group did not have any financial liabilities measured at fair value as of June 30, 2023, and December 31, 2022[159]. Market and User Growth - As of June 30, 2023, Beijing Zhangwen's operating income increased by 67% compared to the same period in 2022, driven by refined operations in audio content and online literature[174]. - The cumulative number of registered users on Beijing Zhangwen's platform maintained an average annual compound growth rate of 45% for five consecutive years, reaching significant user growth during the reporting period[179]. - Beijing Zhangwen's audiobooks and audio content agencies added over 100,000 hours of content compared to last year, with many audiobooks entering the top 10 best-seller lists on major platforms[180]. Shareholder Information - The board of directors did not recommend any interim dividend for the six months ended June 30, 2023, consistent with the previous year where no dividend was declared[87]. - The weighted average number of ordinary shares in issue during the period for basic earnings per share calculation was 2,755,930,000, an increase from 2,712,098,000 in the previous year[96]. - The issued capital remains unchanged at RMB 26,513,000, with 2,772,834,628 ordinary shares issued[126].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不對 因本公告內容或任何部分內容而產生或因依賴該等內容而引致之任何損 失承擔任何責任。 A8 New Media Group Limited A8新 媒 體 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：800） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 財務摘要 • 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月，本 集 團 期 內 溢 利 約 為 人 民 幣25,100,000元，而 二 零 二 二 年 同 期 本 集 團 期 內 溢 利 約 為 人 民 幣 27,100,000元。截至二零二三年六月三十日止六個月，本集團來自持 續經營業務的期內溢利約為人民幣22,600,000元。 • 二 零 二 三 年 六 月 三 十 日 止 六 個 月，本 集 團 來 自 持 續 經 營 業 務 的 收 入 約 為 人 民 幣37,500,000元，較 二 零 二 二 年 同 期 下 降 約7.4%（二 零 二二年 ...

Contents 目錄 2 Corporate Information 公司資料 5 Financial Summary and Highlights 財務概要及摘要 7 Chairman’s Statement 主席報告 13 Management Discussion and Analysis 管理層討論與分析 28 Directors and Senior Management 董事及高級管理層 32 Directors’ Report 董事會報告 59 Corporate Governance Report 企業管治報告 81 Independent Auditor’s Report 獨立核數師報告 89 Consolidated Statement of Profit or Loss 綜合損益表 91 Consolidated Statement of Comprehensive Income 綜合全面收益表 92 Consolidated Statement of Financial Position 綜合財務狀況表 94 Consolidated Statement of Changes in ...

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，並明確表示概不對 因本公布內容或任何部分內容而產生或因依賴該等內容而引致之任何損 失承擔任何責任。 A8 New Media Group Limited A8新 媒 體 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：800） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 業 績 公 佈 財務摘要 • 二零二二年本集團年度溢利約為人民幣14,000,000元，而二零二一年 本集團年度溢利約人民幣55,500,000元。二零二二年，本集團來自持 續經營業務的年度溢利約為人民幣22,000,000元。 • 二零二二年本集團來自持續經營業務的收入約為人民幣79,200,000元， 較二零二一年降低約1.5%（二零二一年：約人民幣80,400,000元）。 • 二 零 二 二 年 本 集 團 來 自 持 續 經 營 業 務 的 總 體 毛 利 率 約 為76.9%，比 二零二一年的74.9%上升約2.0個百分點。 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was RMB 49,757,000, an increase of 15.1% compared to RMB 43,149,000 for the same period in 2021[8]. - Gross profit for the same period was RMB 37,839,000, representing a gross margin of 76.0%[8]. - Net profit for the six months ended June 30, 2022, was RMB 27,098,000, a decrease of 35.6% from RMB 41,990,000 in the prior year[12]. - Basic earnings per share for the period was RMB 0.97, down from RMB 1.61 in the previous year[8]. - The company reported a total comprehensive income of RMB 51,191,000 for the period, compared to a loss of RMB 6,102,000 in the previous year[12]. - The group’s revenue for the six months ended June 30, 2022, was approximately RMB 49,800,000, an increase of about 15.3% compared to RMB 43,100,000 for the same period in 2021[148]. - The group's gross profit for the six months was approximately RMB 37,800,000, an increase of about 12.8% from RMB 33,500,000 in 2021, with a gross profit margin of 76.0%[154]. - The profit attributable to equity holders for the six months ended June 30, 2022, was approximately RMB 26.4 million, a decrease from RMB 43.5 million for the same period in 2021, representing a decline of 39.2%[167]. Assets and Liabilities - Total assets as of June 30, 2022, amounted to RMB 1,647,007,000, an increase from RMB 1,591,880,000 at the end of 2021[15]. - The total equity attributable to the company's equity holders was RMB 1,538,201,000, an increase from RMB 1,485,742,000 as of December 31, 2021, representing a growth of approximately 3.5%[18]. - The total non-current liabilities as of June 30, 2022, were RMB 108,806,000, slightly up from RMB 106,138,000 as of December 31, 2021[18]. - The deferred tax liabilities stood at RMB 108,806,000 as of June 30, 2022, compared to RMB 105,895,000 as of December 31, 2021, indicating a slight increase[18]. - The company’s reserves as of June 30, 2022, totaled RMB 1,516,999,000, an increase from RMB 1,465,258,000 as of December 31, 2021, representing a growth of approximately 3.6%[21]. Cash Flow - The cash flow from operating activities for the six months ended June 30, 2022, was RMB 4,809,000, a decrease of 62.6% compared to RMB 12,848,000 for the same period in 2021[26]. - The net cash flow from investing activities was negative RMB 90,937,000 for the six months ended June 30, 2022, compared to a positive cash flow of RMB 75,510,000 in the same period of 2021[26]. - The company reported a decrease in cash and cash equivalents, with a net decrease of RMB 85,519,000 for the six months ended June 30, 2022, compared to an increase of RMB 46,596,000 in the same period of 2021[26]. - As of June 30, 2022, the cash and cash equivalents balance was RMB 490,075 thousand, an increase from RMB 447,520 thousand in the same period of 2021, representing an increase of approximately 9.8%[29]. - The total cash and cash equivalents reported in the interim consolidated cash flow statement was RMB 490,075 thousand, compared to RMB 480,520 thousand in the previous year, indicating a year-over-year increase of about 2.9%[29]. Business Segments and Strategy - The group continues to operate in the cultural industry and property investment sectors in China, with no significant changes in the nature of its main business during the reporting period[32]. - The group operates two main business segments: cultural industry and property investment, with performance evaluated based on adjusted profit before tax[48]. - The company focused on the internet culture market, including online literature, online games, film and television, and music, while also exploring new energy and web3 sectors for potential investment opportunities[133]. - The group will continue to focus on the internet cultural market, including online literature, games, and music, while exploring new areas such as renewable energy and Web3[145]. - The group plans to strengthen project management and risk control in response to ongoing challenges from the COVID-19 pandemic[145]. Employee and Management Costs - Total short-term employee benefits for key management personnel increased to RMB 1,068,000 in the first half of 2022, compared to RMB 240,000 in the same period of 2021[105]. - The total compensation for key management personnel amounted to RMB 1,146,000 in the first half of 2022, significantly higher than RMB 322,000 in the same period of 2021[105]. - Employee costs for the six months ended June 30, 2022, totaled approximately RMB 12.4 million, a 29.2% increase from RMB 9.6 million in the same period of 2021[189]. - The average number of employees decreased to 48 in the first half of 2022 from 67 in the same period of 2021, primarily due to adjustments in the gaming business[189]. Investment and Fundraising - The company raised approximately HKD 382.0 million (net HKD 380.5 million) through the issuance of 931,800,000 new shares at HKD 0.41 per share[197]. - As of the report date, RMB 101.3 million of the raised funds have been utilized, with RMB 59.6 million used for acquiring 51% of Shanghai Muqi and RMB 41.7 million for acquiring Hong Kong Muqi[197]. - The remaining balance of the raised funds is RMB 235.9 million, which is intended for further investments in the mobile gaming industry[197]. - Due to regulatory impacts and increased competition in the gaming sector, the company has decided to redirect its fundraising towards technology, internet, and consumer sectors[198]. - The reallocation of funds includes RMB 200.5 million for investments in technology, internet, and consumer industries[199]. Market Challenges - The gaming business faced significant challenges due to government policies on minor protection and increased competition, leading to a substantial reduction in operations and cost control measures[134]. - The film and television sector experienced a shrinking market with intense competition, and no new film and television projects were developed during the reporting period[135]. - Other income and gains for the period were approximately RMB 14,600,000, a decrease of about 62.5% from RMB 38,800,000 in 2021, mainly due to a decline in dividend income from equity investments[157]. - The group’s share of profits from associates was approximately RMB 7,900,000, a significant decrease of about 57.1% from RMB 18,400,000 in 2021, mainly due to reduced profits from Beijing Zhangwen[161].

Financial Performance - Total revenue for the year ended December 31, 2021, was RMB 87,863,000, a decrease of 3.3% from RMB 91,347,000 in 2020[10] - The profit before tax for 2021 was RMB 59,396,000, compared to RMB 56,730,000 in 2020, reflecting a growth of 2.9%[10] - The net profit attributable to the owners of the company for 2021 was RMB 58,025,000, an increase of 14.5% from RMB 50,703,000 in 2020[10] - For the year ended December 31, 2021, the group's revenue was approximately RMB 87,900,000, a decrease of about 3.8% compared to RMB 91,300,000 in 2020[32] - The group's gross profit for the year was approximately RMB 65,700,000, a decline of about 6.5% from RMB 70,300,000 in 2020, with a gross profit margin of 74.8% compared to 76.9% in 2020[39] - Other income and net gains increased by approximately 42.2% to RMB 46,500,000 from RMB 32,700,000 in 2020, mainly due to increased dividend income from funds[40] - The cultural industry revenue for the same period was approximately RMB 9,800,000, down about 25.3% from RMB 13,100,000 in 2020, primarily due to tightened government policies on game publishing[33] - Property investment income from rent and property management fees was approximately RMB 78,100,000, a slight decrease of about 0.2% from RMB 78,300,000 in 2020[34] Assets and Liabilities - Total assets as of December 31, 2021, amounted to RMB 1,669,395,000, down from RMB 1,758,773,000 in 2020, representing a decrease of 5.1%[11] - The total liabilities decreased to RMB 183,653,000 in 2021 from RMB 262,056,000 in 2020, a reduction of 30%[11] - The group's cash and cash equivalents, including restricted cash and pledged deposits, amounted to approximately RMB 555,800,000 as of December 31, 2021, up from RMB 527,600,000 in 2020[50] - The group had no interest-bearing bank borrowings as of December 31, 2021, compared to RMB 46,000,000 in 2020[51] Operational Strategy - The company is focusing on the cultural industry, including online literature, online games, film and television, and short videos, while also exploring opportunities in technology and consumer sectors[15] - The management team has extensive experience in the technology and cultural industries, positioning the company to adapt to changing market conditions and government regulations[15] - The company has adjusted its operational strategies in response to tightening regulations and the impact of the COVID-19 pandemic, enhancing project risk control and cost management[15] - The company aims to extend its business into the technology sector while continuing to develop its cultural industry base[15] - The company is preparing for future investments in technology and cultural sectors, aligning with national policy directions and industry trends[15] Gaming and Content Development - In 2021, the gaming business focused on optimizing its structure and resources, concentrating on high-quality game development while controlling costs and reducing the scale of game publishing[17] - The gaming revenue primarily came from the original games "Giant Knight" and "Card Monsters," with the sequel "Moon Cat" expected to launch in Q2 2022 in Hong Kong, Macau, and Taiwan[17] - Beijing Zhangwen's operational revenue grew by 11% year-on-year, driven by the refined operations of audio, video, and online literature content[20] - The audio and audio content business recorded over 60,000 additional hours of content, with multiple audiobooks entering the top 10 bestseller lists on major platforms[20] - The number of registered users on Beijing Zhangwen's self-owned platform increased by 16% year-on-year, with several literary works ranking in the top 10 on various reading platforms[25] Corporate Governance - The audit committee consists of three independent non-executive directors, with the chairman possessing appropriate professional qualifications and financial management expertise[192] - The financial statements for the year ended December 31, 2021, were audited by Ernst & Young, who will be proposed for reappointment at the upcoming annual general meeting[194] - The company has maintained good corporate governance practices, emphasizing a high-quality board and robust internal controls, with compliance to the corporate governance code except for a specific deviation[197] - The board is collectively responsible for directing and supervising the company's affairs to promote its successful development, with senior management granted authority for daily operations[198] Shareholder Information - The company did not declare any interim dividend for the six months ended June 30, 2021, and the board does not recommend the payment of any final dividend for the year ended December 31, 2021[110] - As of December 31, 2021, the company's distributable reserves amounted to approximately RMB 714,170,000[117] - The company repurchased a total of 6,418,000 shares during the year, with the highest repurchase price at HKD 0.236 and the lowest at HKD 0.194[115] - Following the cancellation of the repurchased shares, the company's issued share capital and share premium decreased by HKD 64,000 (equivalent to RMB 52,000) and HKD 1,310,000 (equivalent to RMB 1,071,000), respectively[115] Employee and Cost Management - The total employee cost for the year ended December 31, 2021, was approximately RMB 18,900,000, a decrease of about 18.5% compared to RMB 23,200,000 in 2020[80] - The average number of employees in 2021 was 60, down from 80 in 2020[80] - Selling and marketing expenses decreased by approximately 26.5% to RMB 3,600,000 from RMB 4,900,000 in 2020, primarily due to reduced game-related publishing activities[41] - Administrative expenses decreased by approximately 7.3% to RMB 30,600,000 from RMB 33,000,000 in 2020, reflecting the company's strategic need to cut costs[42] Risks and Challenges - The group is closely monitoring the impact of the COVID-19 pandemic on its operations and has implemented necessary measures to ensure the health and safety of employees and tenants[86] - The group’s business performance may be affected by various risks, including economic downturns and changes in regulatory policies related to the gaming and entertainment industries[85] - The company faces regulatory risks as the Chinese government may determine that the contractual arrangements do not comply with applicable laws and regulations[172] - The company may face significant adverse tax consequences if the Chinese tax authorities determine that its contractual arrangements are not established on an arm's length basis[178] Investments and Acquisitions - The company utilized approximately RMB 101,300,000 from the fundraising for acquisitions, including RMB 59,600,000 for acquiring 51% of Shanghai Muqi and RMB 41,700,000 for acquiring Hong Kong Muqi[74] - The investment in Xiamen Dream Plus had a fair value of RMB 137,111,000 as of December 31, 2021, with a significant fair value change of RMB (87,378,000) during the year[76] - The investment in Beijing Zhangwen had a fair value of RMB 272,100,000, representing 16.3% of the total assets as of December 31, 2021[76] Share Option Plan - The new 2018 Share Option Scheme allows for the issuance of a total of 270,791,262 shares, representing 9.98% of the company's issued share capital as of the report date[136] - As of December 31, 2021, a total of 130,605,077 options were unexercised, with 12,722,000 options exercised during the year[139] - The total number of options granted during the year was 14,795,000, while 18,906,181 options lapsed or were canceled[139] - The company aims to continue providing incentives to directors, executives, and eligible employees through the new share option plan[136]

Financial Performance - Revenue for the six months ended June 30, 2021, was RMB 43,149,000, an increase of 1.64% compared to RMB 42,451,000 for the same period in 2020[11] - Gross profit for the same period was RMB 33,539,000, reflecting a gross margin improvement from 75.7% in 2020 to 77.8% in 2021[11] - Net profit for the six months ended June 30, 2021, was RMB 41,990,000, slightly up from RMB 41,904,000 in 2020[11] - Earnings per share for the period was RMB 1.61, compared to RMB 1.66 in the previous year[11] - The group reported a profit before tax of RMB 47,313,000 for the six months ended June 30, 2021, compared to RMB 45,085,000 in 2020, representing a growth of 4.9%[48] - The group reported a total comprehensive loss for the period, primarily due to foreign exchange differences and fair value changes of financial assets[26] Assets and Liabilities - Total non-current assets as of June 30, 2021, amounted to RMB 1,146,878,000, down from RMB 1,216,965,000 at the end of 2020[18] - Current assets totaled RMB 542,809,000, showing a slight increase from RMB 541,808,000 as of December 31, 2020[18] - Total liabilities decreased from RMB 123,526,000 to RMB 81,245,000, indicating improved financial health[18] - Non-current liabilities totaled RMB 117,376, a decrease from RMB 138,530 as of December 31, 2020, representing a reduction of approximately 15.2%[21] - Total assets amounted to RMB 1,491,066, slightly down from RMB 1,496,717 as of December 31, 2020, indicating a decrease of about 0.4%[21] Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2021, was RMB 12,848, a decrease of 48.3% from RMB 24,824 in 2020[28] - Net cash flow from investing activities was RMB 75,510, a significant decrease of 58.3% compared to RMB 181,021 in the previous year[28] - Cash and cash equivalents at the end of the period increased to RMB 480,520, up 141.5% from RMB 199,636 at the end of the same period last year[31] - The company reported a cash balance of RMB 447,520, compared to RMB 66,647 in the previous year, indicating a substantial increase[31] - The company received RMB 32,057 in dividend income, a significant increase from RMB 947 in the previous year[28] Revenue Segments - Digital entertainment segment revenue for the six months ended June 30, 2021, was RMB 3,713,000, compared to RMB 3,863,000 for the same period in 2020, representing a decrease of 3.9%[48] - Property management service revenue increased to RMB 8,597,000 in 2021 from RMB 7,671,000 in 2020, reflecting a growth of 12.1%[51] - The property investment business generated total revenue of approximately RMB 39,400,000, an increase of about 2.1% from RMB 38,600,000 in the same period last year[136] Shareholder Information - The company issued 3,856,000 shares at a subscription price of HKD 0.219 per share, resulting in a total consideration of HKD 845,000 (approximately RMB 714,000)[85] - The company repurchased 2,336,000 shares at a total cost of HKD 546,000 (approximately RMB 459,000), which were subsequently cancelled[86] - As of June 30, 2021, Mr. Liu holds 1,589,047,398 shares, representing 58.80% of the company's issued share capital[179] Strategic Focus and Future Plans - The company plans to continue its strategic investments in new technologies and market expansion to drive future revenue growth[26] - The group plans to continue focusing on the pan-entertainment market, including online literature, online games, film and television, and music, while exploring innovative business developments[131] - The company is actively researching and analyzing trends in new economy and technology sectors to prepare for future investments[118] Risks and Challenges - The group faced significant business risks related to the rental and property management sector, which may be affected by market fluctuations and tenant uncertainties[168] - The company has implemented strategic adjustments in response to tightening game license approvals and increased competition in the gaming industry[119]

8新媒体集团 A8 amil (於開曼群島註冊成立之有限公司) 股份代號 : 00800 黑岩 heiyan.com 映曾直播 Film & Television 青松基金 QINGSONG FUND [ il 童童蓝影视频（天津）有限公司 FOUR BLIE FILE NESIA GO., LTE ූප 9 g 映皂查播 青松基金 QINGSONGFUND W A8最坏视 A8 Pin & Television 目錄 2 公司資料 3 財務概要及摘要 | --- | --- | |-------|-----------------------| | | | | | | | | 4 主席報告 | | | 8 管理層討論與分析 | | | 18 董事及高級管理層 | | | 21 董事會報告 | | | 38 企業管治報告 | | | 53 獨立核數師報告 | | | 58 綜合損益表 | | | 59 綜合全面利潤表 | | | 60 綜合財務狀況表 | | | 62 綜合權益變動表 | | | 63 綜合現金流量表 | | | 66 財務報表附註 | | | | 公司資料 | --- | --- | |-- ...