Financial Performance - The company's revenue for the fiscal year ending December 31, 2024, was RMB 51,635,000, a decrease of 20.0% compared to RMB 64,536,000 in the previous year[10]. - The net loss attributable to the company's owners increased to RMB 5,779,000, up 99.4% from RMB 2,898,000 in the previous year[10]. - The total assets increased by 4.3% to RMB 512,559,000, while total liabilities rose by 72.0% to RMB 105,767,000[10]. - Revenue from the film, series, and non-series segment decreased by 11.0% to RMB 31,839,000, down from RMB 35,784,000[38]. - The artist and event management segment saw revenue drop from RMB 28,752,000 to RMB 19,796,000, reflecting a decline of 30.9%[31]. - Segment profit decreased by 53.6% to RMB 3,449,000, with a profit margin of 17.4%, down from 25.9% in the previous year[39]. - Annual loss increased to RMB 11,048,000 from RMB 7,717,000, with losses attributable to decreased overall revenue and increased tax expenses[48]. - Fair value loss on equity instruments recognized in other comprehensive income increased to RMB 25,809,000 from RMB 8,328,000, primarily due to changes in business models and market conditions[49]. - Other income decreased by 4.2% to RMB 13,772,000, offset by increased interest income from bank deposits due to rising interest rates[41]. - Sales costs decreased by 13.3% to RMB 29,693,000, attributed to lower distribution costs for films and artist management services[40]. Market and Industry Insights - The Hong Kong film industry saw a 6% decrease in box office revenue in 2024, highlighting the challenges faced in the overall market[17]. - The Hong Kong film box office revenue exceeded HKD 1.34 billion in 2024, a decrease of 6% from 2023, with local films outperforming Hollywood for the first time since 2004[28]. - The company is focusing on enhancing its film production capabilities and expanding its market reach through various government-supported initiatives aimed at promoting investment in the mainland and other regions[17]. - The company continues to collaborate with business partners to produce, invest in, or distribute quality content to capture opportunities in the Chinese market and the global Chinese community[22]. Artist and Event Management - The company managed approximately 50 artists, with over 50% of the revenue from artist and event management coming from the Chinese mainland in 2024[23]. - The company is actively seeking opportunities for its artists to participate in commercial activities and performances in mainland China, capitalizing on the market's potential[23]. - Revenue for the artist and event management segment decreased by 31.1% from RMB 28,752,000 to RMB 19,796,000 due to reduced live streaming income and fewer projects[39]. - The company is actively expanding collaborations with partners and investors, particularly in mainland China, to develop quality films and series[29]. Corporate Governance - The board consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[71]. - The company has adopted a board diversity policy since August 2013, emphasizing the importance of diverse skills, experiences, and perspectives[83]. - The company has ensured compliance with the standards for securities trading by all directors as of December 31, 2024[82]. - The board is responsible for overseeing the company's business management and ensuring alignment with shareholder interests and stakeholder considerations[90]. - The company has established specific committees, including the executive, audit, remuneration, and nomination committees, to assist in effective governance[95]. Risk Management and Compliance - The company has established an effective risk management and internal control system, with no significant risks identified during the risk assessment for the year ending December 31, 2024[107]. - The board of directors is responsible for the effectiveness of the risk management and internal control systems, which are reviewed annually, ensuring they are adequate and effective[113]. - The company has implemented a policy for handling inside information to ensure its disclosure is accurate, complete, and timely, with no significant deficiencies found in internal controls[110]. - The independent non-executive directors have reviewed the related transactions and confirmed compliance with relevant regulations[179]. Employee and Board Composition - The group had a total of 51 employees as of December 31, 2024, down from 58 employees as of December 31, 2023[64]. - The average age of the board members is 60 years, with 3 members aged 51-55, 2 aged 56-60, 1 aged 61-65, 1 aged 66-70, and 1 aged 71-75[84]. - As of December 31, 2024, the employee gender ratio (excluding directors) is 38% female and 62% male, with a goal to achieve a more balanced gender ratio in the future[87]. - The company aims to attract and retain executives by aligning compensation with industry standards and individual performance[105]. Shareholder Information - The company will maintain an open and effective investor communication policy to keep investors informed about business-related information[120]. - The annual general meeting will be held in June 2025, with notifications sent to shareholders accordingly[125]. - Shareholders can request a special general meeting if they hold at least 10% of the paid-up capital[122]. - The company has a policy to review its diversity policy regularly to ensure its effectiveness[128]. Financial Position and Reserves - The company's available distributable reserves amounted to approximately RMB 369,628,000 as of December 31, 2024[187]. - The total revenue from the group's top five customers accounted for approximately 79% of total sales, with the largest customer contributing 53%[166]. - The procurement amount from the group's top five suppliers represented about 27% of total procurement, with the largest supplier accounting for 12%[167]. - The group recorded a loss attributable to equity shareholders of RMB 5,779,000, compared to a loss of RMB 2,898,000 in the previous year[164].

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，概不對因本公告全部或任何部份內容 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。 SHAW BROTHERS HOLDINGS LIMITED 邵氏兄弟控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：00953） 截至二零二四年十二月三十一日止年度 全年業績公告 二零二四年業績摘要 — 1 — • 25集紀律部隊劇集《執法者們》已分別於二零二四年二月開拍及於二零二四年五月 殺青。該劇集目前處於後期製作階段，預計將於二零二五年上半年於優酷平台上映。 • 本集團參與電視廣播集團製作的劇集項目《反黑英雄》、《法證先鋒VI：倖存者的救贖》 及《黑色月光》。該等劇集於二零二四年成功在騰訊視頻及優酷平台上映。 • 電影、劇集及非劇集分部收入由上一年度的人民幣35,784,000元減少11.0%至本年度 的人民幣31,839,000元。收入減少主要由於製作期延長及視頻平台的上映時間表調 整，導致多個原定於二零二四年上映的項目推遲上映所致。 • 藝人及活動 ...

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 12,746,000, a decrease of 57.6% compared to RMB 30,052,000 for the same period in 2023[9]. - The company recorded a net loss attributable to shareholders of RMB 110,000, compared to a loss of RMB 735,000 in the previous year, representing an 85.0% improvement[5]. - The net loss for the six months ended June 30, 2024, was RMB 3,254,000, compared to a net loss of RMB 1,112,000 in 2023, representing a 192.5% increase in losses[63]. - Total comprehensive income for the period was RMB 5,077,000, down 50.3% from RMB 10,220,000 in 2023[64]. - The group reported a loss before tax of RMB 3,101,000 for the six months ended June 30, 2024, compared to a loss of RMB 834,000 for the same period in 2023[74]. Revenue Breakdown - The segment revenue from films, series, and non-series dropped by 79.0% to RMB 2,269,000 from RMB 10,787,000 year-on-year[5]. - The segment revenue from artist and event management decreased by 45.6% to RMB 10,477,000 from RMB 19,265,000 year-on-year[5]. - Revenue from the film, series, and non-series segment for the six months ended June 30, 2024, was RMB 2,269,000, a decrease of 78.9% compared to RMB 10,787,000 for the same period in 2023[74]. - The revenue from artist and event management for the six months ended June 30, 2024, was RMB 10,477,000, a decrease of 45.4% compared to RMB 19,265,000 for the same period in 2023[74]. Assets and Liabilities - The company's total assets increased by 13.8% to RMB 559,421,000 from RMB 491,534,000 year-on-year[5]. - The total liabilities surged by 102.2% to RMB 124,294,000 from RMB 61,484,000 year-on-year[5]. - Current liabilities rose significantly to RMB 122,544,000 from RMB 58,474,000, indicating a 109.5% increase[65]. - The total liabilities of the film, series, and non-series segment increased to RMB 58,091,000 as of June 30, 2024, from RMB 7,394,000 as of December 31, 2023, representing an increase of 684.5%[76]. Cash Flow and Financial Position - The company's cash and bank deposits increased from RMB 306,198,000 to RMB 324,609,000, indicating a stable financial position[35]. - The net cash generated from operating activities for the six months ended June 30, 2024, was RMB 7,796 thousand, compared to a net cash outflow of RMB 20,339 thousand in the same period of 2023[67]. - The company’s investment activities resulted in a net cash outflow of RMB 83,277 thousand for the six months ended June 30, 2024, compared to a net cash inflow of RMB 3,581 thousand in the same period of 2023[67]. - The company’s financing activities resulted in a net cash outflow of RMB 1,482 thousand for the six months ended June 30, 2024, compared to RMB 1,157 thousand in the same period of 2023[67]. Operational Highlights - The company managed a total of 57 artists as of June 30, 2024, including several well-known figures[14]. - The production of a 25-episode police drama titled "The Enforcers" is underway, expected to premiere on Youku in 2025[12]. - The company plans to collaborate with Alibaba's Youku to produce a 25-episode series titled "Law Enforcers" as part of the "Hong Kong Arts Revitalization Plan"[8]. - The company anticipates a rebound in the film industry due to eased pandemic restrictions and government support, which will boost investor confidence[15]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous period[44]. - The company has a total of 425,000,000 shares held by major shareholders, representing approximately 29.94% of the total issued shares as of June 30, 2024[50]. - The total number of issued shares as of June 30, 2024, is 1,419,610,000[51]. - The new share option plan approved on June 2, 2022, allows for a total of 141,961,000 shares to be issued, which is about 10% of the total issued shares[54]. Expenses and Cost Management - Administrative expenses decreased by 15.6% from RMB 18,028,000 to RMB 15,217,000, due to reduced employee costs and other operational expenses[23]. - Sales and distribution expenses increased by 52.8% to RMB 1,316,000, driven by higher advertising and promotional activities in the artist and event management business[22]. - The total employee costs, including directors' remuneration, for the six months ended June 30, 2024, were RMB 10,327,000, a decrease of 7.2% compared to RMB 11,126,000 for the same period in 2023[81]. Investment and Impairment - The impairment loss for film, series, and non-series investments was RMB 3,937,000, down from RMB 7,861,000 in the previous period[24]. - Investments in films, series, and non-series decreased from RMB 85,373,000 as of December 31, 2023, to RMB 83,288,000 as of June 30, 2024, primarily due to impairment losses and currency depreciation[29]. - The company recognized a lease termination gain of approximately RMB 35,000,000 due to the early termination of a lease agreement[86]. Related Party Transactions - Revenue from related party transactions with TVB Group for film and series production was RMB 519,000, a significant decrease from RMB 8,226,000 in the previous period[105]. - The company recorded artist management service income of RMB 5,310,000 from related parties, down from RMB 11,777,000 in the previous period[105]. - The company has not recognized any impairment provisions for accounts receivable from related parties due to insignificant expected credit losses[100].

Revenue Performance - Revenue for the six months ended June 30, 2024, decreased by 57.6% to RMB 12,746,000 from RMB 30,052,000 in the same period last year[5]. - Revenue from the film, television, and non-drama segment dropped 79.0% to RMB 2,269,000 compared to RMB 10,787,000 in the previous period[2]. - Revenue from the artist and event management segment decreased by 45.6% to RMB 10,477,000 from RMB 19,265,000 in the prior period[2]. - Total revenue for the film, series, and non-drama segment was RMB 2,269,000 for the six months ended June 30, 2024, a decrease of 78.9% from RMB 10,787,000 in the same period of 2023[13]. - The total revenue for the artist and event management segment was RMB 10,477,000 for the six months ended June 30, 2024, down 45.4% from RMB 19,265,000 in the same period of 2023[13]. - The group recorded revenue of RMB 12,746,000 for the six months ended June 30, 2024, a decrease of 57.6% compared to RMB 30,052,000 for the same period in 2023[32]. Financial Losses - The company reported a loss attributable to owners of the company of RMB 110,000, a significant improvement from a loss of RMB 735,000 in the same period last year[2]. - The company experienced a net loss of RMB 3,254,000 for the six months ended June 30, 2024, compared to a loss of RMB 1,112,000 in the same period of 2023[6]. - The period loss increased from RMB 1,112,000 in the previous period to RMB 3,254,000 in the review period, while the loss attributable to the company's owners decreased by 85% to RMB 110,000[46]. Cash and Assets - As of June 30, 2024, cash and cash equivalents (net of bank borrowings) amounted to RMB 319,935,000, up from RMB 301,641,000 as of December 31, 2023[2]. - Total assets increased by 13.8% to RMB 559,421,000 from RMB 491,534,000 in the previous year[3]. - The company’s cash and cash equivalents increased to RMB 324,609,000 from RMB 306,198,000, indicating a growth of 6.8%[7]. - The equity attributable to owners of the company was RMB 456,889,000 as of June 30, 2024, compared to RMB 449,214,000 at the end of 2023, representing a 1.5% increase[8]. - The company's equity attributable to owners increased by 1.7% to RMB 456,889,000, with net asset value per share rising to RMB 32.18[55]. Liabilities - Total liabilities surged by 102.2% to RMB 124,294,000, compared to RMB 61,484,000 in the previous year[3]. - Current liabilities rose significantly to RMB 61,390,000 from RMB 39,353,000, marking a 56.1% increase[7]. - The company’s total liabilities increased to RMB 94,218,000 as of June 30, 2024, compared to RMB 58,474,000 at the end of 2023, reflecting a rise of 60.9%[7]. - Trade and other payables increased from RMB 39,353,000 to RMB 61,390,000, mainly due to production costs for the series "Law Enforcers" and advance payments for artist activities[50]. - Contract liabilities surged from RMB 6,827,000 to RMB 52,274,000, primarily due to advance payments for series production and artist management[51]. Expenses and Costs - The company incurred a total employee cost of RMB 10,327,000 for the six months ended June 30, 2024, a decrease of 7.2% from RMB 11,126,000 in the same period of 2023[18]. - Sales costs decreased by 64.0% from RMB 8,114,000 to RMB 2,921,000, due to a lower allocation of production costs for films, series, and non-series[40]. - Other income, gains, and losses decreased by 3.4% from RMB 7,370,000 to RMB 7,119,000, primarily due to one-time cost reversals and insurance claims from previous film productions[41]. - Selling and distribution expenses increased by 52.8% from RMB 861,000 to RMB 1,316,000, attributed to increased advertising and promotional activities in the artist and event management business[42]. - Administrative expenses decreased by 15.6% from RMB 18,028,000 to RMB 15,217,000, due to reduced employee costs and lower legal and professional fees[43]. Investments and Future Plans - The group plans to invest no less than HKD 5 billion (USD 640 million) in film production, series production, performances, and youth talent cultivation over the next five years under the "Hong Kong Arts Revitalization Plan"[31]. - The group plans to enhance collaboration between film and series production and artist management to maximize resource potential[36]. - The group is set to produce a new 25-episode law enforcement series, "Law Enforcers," expected to premiere on the Youku platform in 2025[36]. Dividends and Governance - The board of directors does not recommend the payment of an interim dividend for the review period[2]. - The company did not declare or recommend any dividends for the six months ended June 30, 2024[20]. - The company has adhered to the corporate governance rules as per the listing rules during the review period[61]. - The summarized consolidated financial information for the review period has been reviewed by external auditors[62].

Financial Performance - The company reported a total revenue of RMB 64,536,000 for the fiscal year ending December 31, 2023, a decrease of 59.9% compared to RMB 161,051,000 in the previous year[22]. - Revenue from films, series, and non-drama content was RMB 35,784,000, down 73.6% from RMB 135,448,000 in the prior year[13]. - The company experienced a net loss attributable to shareholders of RMB 2,898,000, an increase of 859.6% from RMB 302,000 in the previous year[22]. - The company’s total liabilities decreased by 35.3% to RMB 61,484,000 from RMB 95,091,000[13]. - The annual loss attributable to the company's owners increased by 859.6% to RMB 2,898,000 in 2023 from RMB 302,000 in 2022, driven by increased impairment losses[56]. - The group reported a loss attributable to equity shareholders of RMB 2,898,000 for the year ended December 31, 2023, compared to a loss of RMB 16,403,000 in 2022[176]. Asset and Liability Management - The total assets of the company decreased by 7.8% to RMB 491,534,000 from RMB 533,123,000[13]. - The company’s net asset value per share slightly decreased by 0.8% to RMB 31.64 from RMB 31.90[13]. - Trade receivables decreased significantly from RMB 82,273,000 in 2022 to RMB 16,550,000 in 2023, primarily due to customer payments received during the year[59]. - The group’s total liabilities decreased from RMB 52,599,000 in 2022 to RMB 39,353,000 in 2023, reflecting effective financial risk management[60]. - The group maintained a strong financial position with cash and bank balances of RMB 306,198,000 as of December 31, 2023, down from RMB 322,828,000 in 2022[63]. Revenue Segmentation - The artist and event management segment saw an increase in revenue to RMB 28,752,000 from RMB 25,603,000, indicating a growth of 8.4%[33]. - The artist and event management segment's revenue increased by 12.3% from RMB 25,603,000 in 2022 to RMB 28,752,000 in 2023, attributed to the easing of COVID-19 restrictions[46]. - Revenue from the film, television, and non-television segment decreased by 73.6% from RMB 135,448,000 in 2022 to RMB 35,784,000 in 2023, primarily due to a reduction in the number of releases[44]. Corporate Governance - The board consists of six members, including one executive director, two non-executive directors, and three independent non-executive directors[80]. - The company has established specific committees, including the Executive Committee, Audit Committee, Remuneration Committee, and Nomination Committee, to enhance governance[104]. - The company has adopted a board diversity policy since August 2013, emphasizing the benefits of diverse perspectives in decision-making[92]. - The board is responsible for overseeing the company's business management and ensuring alignment with shareholder interests and stakeholder considerations[98]. - The company emphasizes the importance of board diversity to enhance performance quality and achieve strategic goals[142]. Strategic Initiatives - The company plans to leverage its production expertise and strategic partnerships to explore new markets, particularly in the Greater Bay Area and the global Chinese community[42]. - The company is actively collaborating with partners in mainland China to develop quality films and series, including the recently launched 25-episode series "The Enforcers"[37]. - The company aims to strengthen the synergy between its film production and artist management businesses by increasing artist participation in its projects[38]. - The company is committed to leveraging its expertise in media and entertainment to drive growth and innovation in the industry[161]. Employee and Board Composition - The group had a total of 58 employees as of December 31, 2023, down from 74 employees as of December 31, 2022[71]. - The gender ratio among employees (excluding directors) is 43% female to 15% male, with a goal to achieve a more balanced gender ratio in the future[95]. - The average age of the board members is 60 years, with 2 directors aged 51-55, 2 aged 56-60, and 2 aged 61-65[93]. - The company emphasizes competitive compensation to attract and motivate employees, regularly reviewing salary packages in line with market standards[75]. Risk Management and Compliance - The group established an effective risk management and internal control system, with no significant risks identified during the annual risk assessment[119]. - The internal control system aims to ensure operational effectiveness, reliability of financial reporting, and compliance with applicable laws and regulations[120]. - The company has engaged external independent professionals to conduct an annual review of its internal control and risk management systems, which will continue to be assessed at least once a year[124]. - The effectiveness of the risk management and internal control systems has been reviewed by the board, and it was concluded that these systems are effective and adequate, providing reasonable assurance against significant misstatements or losses[126]. Related Party Transactions - The company received approximately RMB 12,937,000 and RMB 15,000 related to artist management agreements with its connected parties in 2023[190]. - The cooperation framework agreement with Huayi Brothers Group and Huayi Brothers includes investment projects and artist hiring, effective from June 1, 2022, to May 31, 2025[191]. - The company’s independent non-executive directors confirmed that the related transactions were conducted in accordance with fair and reasonable terms[196]. - The company has established ongoing related transactions with connected parties, which have been approved by the board[190]. Shareholder Engagement - The company emphasizes the importance of maintaining effective communication with investors and shareholders, providing information through financial reports and announcements[131]. - The annual general meeting for shareholders is scheduled to be held in June 2024, with notifications to be sent to all shareholders[138]. - The company can declare dividends from profits or reserves deemed unnecessary by the board, subject to shareholder approval[145].

Financial Performance - For the year ended December 31, 2023, the company's total revenue decreased by 59.9% to RMB 64,536,000 from RMB 161,051,000 in the previous year[5]. - The revenue from the film, television, and non-drama segments dropped by 73.6% to RMB 35,784,000, while the artist and event management business saw a 12.3% increase to RMB 28,752,000[5]. - The company reported a loss attributable to shareholders of RMB 2,898,000, compared to a loss of RMB 302,000 in the previous year, representing an increase of 859.6%[5]. - The basic loss per share for the year was RMB 0.20, compared to RMB 0.02 in the previous year, indicating a 900.0% increase in losses per share[5]. - The gross profit for the year was RMB 30,285,000, down from RMB 50,313,000 in the previous year[10]. - The company experienced a pre-tax loss of RMB 7,552,000, compared to a pre-tax loss of RMB 6,640,000 in the previous year[10]. - The company reported an annual loss of RMB 7,717,000 for 2023, compared to a loss of RMB 7,525,000 in 2022, indicating a year-over-year increase in losses of approximately 2.55%[12]. - Total comprehensive income for the year amounted to RMB (7,982,000), a significant decrease from RMB 27,610,000 in the previous year, reflecting a decline of approximately 129%[12]. - The company reported a significant decrease in the fair value of equity investments from RMB 32,629,000 in 2022 to RMB 24,960,000 in 2023, reflecting a decline of about 23.7%[14]. - The company’s total comprehensive income attributable to owners was RMB (3,569,000) for the year, compared to RMB 33,268,000 in the previous year, indicating a decline of approximately 110.7%[12]. Assets and Liabilities - As of December 31, 2023, the company's cash and bank balances (net of bank borrowings) were RMB 301,641,000, down from RMB 318,361,000 in the previous year[6]. - The total assets decreased by 7.8% to RMB 491,534,000, while total liabilities decreased by 35.3% to RMB 61,484,000[7]. - The net asset value per share attributable to shareholders was RMB 31.64, a slight decrease of 0.8% from RMB 31.90 in the previous year[7]. - Non-current assets decreased from RMB 42,776,000 in 2022 to RMB 34,711,000 in 2023, representing a reduction of about 18.9%[14]. - Current assets increased significantly from RMB 42,657,000 in 2022 to RMB 85,373,000 in 2023, marking an increase of approximately 100.3%[14]. - The company's total liabilities decreased from RMB 91,134,000 in 2022 to RMB 58,474,000 in 2023, a reduction of about 35.7%[14]. - The equity attributable to the owners of the company decreased from RMB 452,793,000 in 2022 to RMB 449,214,000 in 2023, a slight decline of approximately 0.6%[16]. - Trade receivables decreased to RMB 31,410,000 in 2023 from RMB 91,589,000 in 2022, reflecting a decline of 65.7%[49]. - The company recorded a total of RMB 16,550,000 in trade receivables after accounting for impairment provisions, down from RMB 82,273,000 in 2022[48]. Revenue Streams - The artist and event management segment generated revenue of RMB 28,752 thousand in 2023, an increase of 12% from RMB 25,603 thousand in 2022[27]. - Revenue from external customers for the year ended December 31, 2023, was RMB 64,536,000, a decrease from RMB 161,051,000 in 2022, representing a decline of approximately 60%[34]. - Revenue from film, television, and non-dramatic production was RMB 24,508 thousand in 2023, down 79% from RMB 117,699 thousand in 2022[24]. - The company's revenue from the film, series, and non-dramatic productions segment was RMB 135,448,000 in 2022, with a notable decline in 2023[55]. - The company recorded other income of RMB 14,376,000 this year, compared to a loss of RMB 5,213,000 in the previous year, mainly due to reduced foreign exchange losses and increased interest income[69]. Expenses and Impairments - The company incurred impairment losses on film, television, and non-dramatic investments amounting to RMB 9,140,000 in 2023, compared to RMB 3,877,000 in 2022, which is an increase of approximately 135%[39]. - Trade receivables impairment loss recognized this year is RMB 5,518,000, up from RMB 3,974,000 last year, primarily due to decreased recoverability of long-term outstanding trade receivables[73]. - Selling and distribution expenses decreased by 73.8% from RMB 5,550,000 to RMB 1,456,000, due to reduced advertising and promotional activities[70]. - Administrative expenses decreased by 5.7% from RMB 37,325,000 to RMB 35,186,000, influenced by a one-time non-recoverable debt expense in the previous year[71]. Future Outlook and Strategy - The company plans to release a new 25-episode series titled "Law Enforcers" by the end of 2024, which has already begun filming[58]. - The company aims to leverage its production expertise and strategic partnerships to capitalize on post-pandemic market recovery opportunities[63]. - The company is actively developing new content and attracting local and international investors to boost confidence in film investments[62]. - The company plans to enhance collaboration between its film and television production and artist management businesses to maximize resource potential[62]. Compliance and Governance - The group has complied with relevant laws and regulations without any significant violations during the year[92]. - The audit committee has reviewed the annual performance announcement and confirmed compliance with applicable listing rules and legal requirements[99]. - The company has adopted the standard code for securities trading by directors, ensuring compliance throughout the year[101]. - The annual report will be sent to shareholders in due course and will be available on the company's website[102].

SHAW BROTHERS HOLDINGS LIMITED 部 氏 兄 弟 控 股 有 限 公 司 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 股票代號 00953 1 邵氏兄弟控股有限公司 | 中期報告 二零二三年 公司資料 董事會 主席及非執行董事 黎瑞剛先生 執行董事 樂易玲小姐 中期報告 2023 PRINTED WITH SOY INK 目錄 | 公司資料 | 2 | | --- | --- | | 財務摘要 | 5 | | 管理層討論與分析 | 6 | | 其他資料 | 11 | | 簡明綜合財務報表之審閱報告 | 15 | | 簡明綜合損益表 | 16 | | 簡明綜合損益及其他全面收入表 | 17 | | 簡明綜合財務狀況表 | 18 | | 簡明綜合權益變動表 | 19 | | 簡明綜合現金流量表 | 20 | | 簡明綜合財務報表附註 | 21 | 非執行董事 許濤先生 獨立非執行董事 龐鴻先生 潘國興先生 司徒惠玲小姐 董事委員會 執行委員會 樂易玲小姐（委員會主席） 許濤先生 審核委員會 潘國興先生（委員會主席） 龐鴻先生 司徒惠玲小姐 薪酬委員會 司徒惠玲小姐（委員會主 ...

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 全部或任何部份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。 SHAW BROTHERS HOLDINGS LIMITED 邵氏兄弟控股有限公司 （於開曼群島註冊成立之有限公司） 00953 （股份代號： ） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 未 經 審 核 中 期 業 績 公 告 二零二三年中期業績摘要 (cid:129) 27 於二零二三年二月， 集反貪劇集《廉政狙擊》在香港播出。 (cid:129) 警匪動作電影《無間一戰》於二零二三年八月在中國內地的優酷上映，並 於同月在馬來西亞的戲院上映。 (cid:129) 12,498,000 藝人及活動管理業務錄得增長，收入由人民幣 元增加至人民 19,265,000 幣 元。該增幅是因新型冠狀病毒的限制及措施於二零二三年 初放寬，使本集團旗下藝人的外部商業活動數量增加，以及彼等參與多 個本地及海外電影或劇集項目。 ...

Financial Performance - Total revenue decreased by 25% from RMB 215,518,000 in 2021 to RMB 161,051,000 in 2022[9] - The segment profit for films, series, and non-series dropped by 46% to RMB 18,095,000, while artist and event management profit decreased by 12% to RMB 9,659,000[9] - The company reported a loss attributable to owners of RMB 302,000 in 2022, compared to a profit of RMB 16,403,000 in 2021[9] - Revenue from film, series, and non-series production fell by 25% from RMB 180,841,000 in 2021 to RMB 135,448,000 in 2022[32] - Revenue from artist and event management decreased by 26% from RMB 34,677,000 in 2021 to RMB 25,603,000 in 2022[33] - The group's revenue for the year ended December 31, 2022, was RMB 161,051,000, a decrease of 25% from RMB 215,518,000 in the previous year[37] - The film, television, and non-television production segment reported revenue of RMB 135,448,000, down 25% from RMB 180,841,000, with a segment profit margin decreasing from 18% to 13%[39] - The artist and event management segment's revenue decreased by 26% to RMB 25,603,000 from RMB 34,677,000, despite an increase in segment profit margin from 32% to 38%[40] - The group recorded a net loss of RMB 302,000 for the year, compared to a profit of RMB 16,403,000 in the previous year, resulting in a loss per share of RMB 0.02[47] Assets and Liabilities - Total assets decreased by 9% to RMB 533,123,000, while total liabilities dropped significantly by 45% to RMB 95,091,000[9] - The current ratio improved to 5.4 from 3.2, indicating better short-term financial health[9] - Trade receivables decreased slightly from RMB 84,833,000 as of December 31, 2021, to RMB 82,273,000 as of December 31, 2022[50] - Trade and other payables increased from approximately RMB 37,394,000 as of December 31, 2021, to RMB 52,599,000 as of December 31, 2022, primarily due to advance payments for the production of "The Battle of the Unseen" during the year[51] - Contract liabilities decreased by 94% from RMB 83,270,000 as of December 31, 2021, to RMB 5,230,000 as of December 31, 2022, mainly due to the airing of "Integrity Sniper" on Youku during the year[52] - Amounts payable to related parties decreased from RMB 37,176,000 as of December 31, 2021, to RMB 23,614,000 as of December 31, 2022, primarily due to settlement of payments for various artist activities during the year[53] - As of December 31, 2022, the group's bank balances and cash, along with short-term bank deposits, totaled approximately RMB 322,828,000, showing a stable financial position compared to RMB 312,059,000 as of December 31, 2021[54] - The equity attributable to owners of the company increased by 8% to RMB 452,793,000 as of December 31, 2022, from RMB 418,983,000 as of December 31, 2021[56] - The company's net asset value per share increased to RMB 31.90 as of December 31, 2022, from RMB 29.51 as of December 31, 2021[56] - The group had no asset pledges as of December 31, 2022, consistent with the previous year[55] - The group had bank borrowings of RMB 4,467,000 as of December 31, 2022, with a debt ratio of 1% based on interest-bearing debt to total assets[62] Strategic Focus and Future Plans - The company focused on producing series during the pandemic, including the 30-episode police action series "Flying Tiger" and the 27-episode anti-corruption series "Integrity Sniper"[18] - The group plans to increase the number of film and series productions, focusing on appealing to younger audiences and collaborating with more streaming platforms[21] - The group aims to leverage its strong resources and partnerships to tap into the vast market potential in the Greater Bay Area and the global Chinese community[22] - The upcoming police action film "Infernal War" is scheduled to premiere in May 2023 on the streaming platform Youku in mainland China[31] - The group will explore opportunities to adapt or remake old films and license third parties for production[21] - The group is preparing multiple variety shows, with plans to shoot "Finding Ghosts as Lovers" in Hong Kong from December 2022 to February 2023[31] - The group plans to increase the production of online films and series, leveraging partnerships with major streaming platforms to enhance market presence[36] - The group aims to capitalize on the recovery of the entertainment industry post-pandemic by focusing on high-quality content production and expanding into new markets[36] Governance and Board Structure - The board consists of 6 members, including 1 executive director and 5 non-executive directors, with 5 being independent non-executive directors[85] - The average age of the board members is 58 years, with a diverse background in management, finance, accounting, investment, law, and media[85][86] - The company has adopted a board diversity policy since August 2013, ensuring a balance of skills, experience, and diverse perspectives among board members[84] - The board has a structure that separates the roles of the chairman and the CEO, which is believed to enhance the balance of power and responsibilities[77] - The company provides comprehensive training for newly appointed directors to ensure they understand the business and their responsibilities under listing rules[89] - Independent non-executive directors have been appointed in accordance with listing rules, ensuring they possess appropriate professional qualifications[93] - The company has established appropriate insurance arrangements for potential legal claims against its directors and senior officers[90] - The board held four meetings during the year to review the company's annual performance and approve the budget for 2022 and 2023[96] - The executive committee conducted four meetings to discuss the group's quarterly, interim, and annual financial and operational performance[101] - The audit committee held two meetings to review the group's 2021 annual performance and the risk management and internal control systems[102] - The remuneration committee met once to review the remuneration policies for directors and senior management[104] - The nomination committee convened once to assess the board's structure and recommend the re-election of directors[108] Shareholder Engagement and Communication - The company maintains ongoing communication with shareholders, particularly through annual general meetings, to encourage participation and convey shareholder opinions to the board[127] - The upcoming annual general meeting is scheduled for June 2023, with notifications sent to all shareholders[130] - Shareholders can request a special general meeting if they hold at least 10% of the company's paid-up capital[128] - The company regularly reviews its investor communication policies to ensure timely dissemination of relevant business information[127] - The nomination process for board candidates includes a detailed review of qualifications and experience before recommendations are made to the board[133] - Confidentiality is maintained regarding candidate nominations until official communications are issued to shareholders[134] Risk Management and Compliance - The company has established an effective risk management and internal control system, with no significant risks identified during the annual risk assessment[112][120] - The internal control system aims to ensure operational effectiveness, reliability of financial reporting, and compliance with applicable laws and regulations[113] - The company emphasizes the importance of timely and accurate disclosure of inside information to prevent violations of disclosure requirements[117] - The board of directors is responsible for overseeing the effectiveness of the risk management and internal control systems, which are reviewed annually[120] - The company has not identified any significant deficiencies in internal controls following the internal review conducted this year[117][118] - The company has implemented a set of policies and procedures to enhance the handling of inside information and ensure its accuracy and completeness[117] - The company has committed to providing ongoing professional development and updates to the board regarding legal and regulatory responsibilities[123] Related Party Transactions - The company received approximately RMB 8,713,000 and RMB 4,138,000 related to the artist management agreements with Loyal Servant and Esther Communications, respectively, for the year 2022[182] - The cooperation framework agreement with Huayi Brothers Group and Huayi Culture involves investment projects and artist hiring, effective from June 1, 2022, to May 31, 2025[183] - The annual cap for transactions under the cooperation framework agreement exceeded 5% and was approved by independent shareholders on June 2, 2022[184] - For the year ended December 31, 2022, the amounts related to the investment projects and artist hiring were approximately RMB 1,687,000, zero, and RMB 2,948,000, respectively[186] - The auditors have issued an unqualified opinion on the group's continuing connected transactions as disclosed in the annual report[187] - The board believes that the interests of the company and its shareholders are adequately protected in light of potential conflicts of interest among directors[192] - The company is committed to ensuring that any transactions involving potential conflicts of interest are reviewed by independent members[197] - The group has the ability to conduct its business fairly and independently from competitive operations[197]

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 全部或任何部份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。 SHAW BROTHERS HOLDINGS LIMITED 邵氏兄弟控股有限公司 （於開曼群島註冊成立之有限公司） 00953 （股份代號： ） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 全 年 業 績 公 告 二零二二年業務發展摘要 (cid:129) 因新型冠狀病毒肺炎疫情對電影製作業務造成不利影響而投放更多資 源於劇集製作。 (cid:129) 繼警匪動作劇集《飛虎》系列前兩輯取得成功後，於二零二二年二月在香 30 港播出 集的第三輯《飛虎之壯志英雄》。 (cid:129) 27 於二零二二年十二月，在中國內地首播 集反貪劇集《廉政狙擊》。 (cid:129) 警匪動作電影《無間一戰》計劃於二零二三年五月在中國內地的優酷首 映，並預計於同月於香港的戲院上映。 ...