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佈的內容概不負 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 佈 全 部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 UNIVERSE ENTERTAINMENT AND CULTURE GROUP COMPANY LIMITED 寰宇娛樂文化集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：1046） 董事會會議日期 寰 宇 娛 樂 文 化 集 團 有 限 公 司（「本公司」）之 董 事 會（「董事會」）宣 佈 將 於 二 零 二 五 年 九 月 二 十 九 日（星 期 一）舉 行 董 事 會 會 議，其 中 包 括 批 准 刊 發 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 年 度 之 經 審 核 末 期 業 績 公 佈，以 及 考 慮 建 議 派 發 末 期 股 息（如 有）。 承董事會命 寰宇娛樂文化集團有限公司 主席兼執行董事 林小明 香港，二零二五年九月十日 於 本 公 佈 日 期，本 公 司 執 行 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 寰宇娛樂文化集團有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01046 | 說明 | 寰宇娯樂文化 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 FF301 第 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 寰宇娛樂文化集團有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01046 | 說明 | 寰宇娯樂文化 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 ...

Financial Performance - Total revenue for the six months ended December 31, 2024, was HK$249,032,000, a decrease of 16% compared to HK$296,430,000 in the same period of 2023[18]. - Loss before tax for the period was HK$72,279,000, compared to a profit of HK$5,418,000 in the previous year[18]. - Total comprehensive loss for the period attributable to owners of the company was HK$74,338,000, compared to a comprehensive income of HK$518,000 in the same period last year[20]. - The company reported a net cash used in operating activities of HK$3,963,000, a significant decline from net cash generated of HK$115,852,000 in the prior period[26]. - The Group incurred a loss of approximately HK$74.7 million for the Period, compared to a profit of approximately HK$52,000 in the Last Period[181]. Assets and Liabilities - As of December 31, 2024, total assets decreased to HK$526,475,000 from HK$737,412,000 as of June 30, 2024, representing a decline of approximately 28.5%[12]. - Current liabilities decreased to HK$294,399,000 from HK$428,861,000, a reduction of about 31.3%[15]. - The net current liabilities improved to HK$78,181,000 from HK$231,956,000, indicating a significant reduction in financial strain[15]. - Total equity attributable to the owners of the Company decreased to HK$232,486,000 from HK$306,824,000, reflecting a decline of approximately 24.2%[12]. - The Group's total assets related to joint operations amounted to HK$69,683,000 as of December 31, 2024, compared to HK$51,523,000 as of June 30, 2024[110]. Revenue Breakdown - Income from film distribution and exhibition, licensing, and sub-licensing of film rights was HK$229,584,000, down from HK$273,388,000, reflecting a decline of 16%[18]. - The segment revenue from video distribution was HK$229,706,000, down 16.1% from HK$273,725,000 in the previous year[76][78]. - Revenue from the optical products trading segment was approximately HK$5.8 million, representing a decrease of approximately 45.8% compared to HK$10.7 million in the same period last year[196]. - Rental income from investment properties was approximately HK$371,000, down from approximately HK$506,000 in the last period[199]. Impairment and Losses - The company incurred an impairment loss of HK$64,540,000 related to film rights and films in progress[18]. - An impairment loss of approximately HK$64.5 million on film rights and films in progress was recorded during the Period, attributed to a decline in actual and expected income from these assets[182]. - The impairment loss for film rights and films in production totaled approximately HK$64.5 million, attributed to changes in expected performance of released films[193]. Cash and Cash Equivalents - The company's cash and cash equivalents decreased to HK$114,452,000 from HK$132,324,000, a reduction of about 13.5%[12]. - Cash and cash equivalents at the end of the period decreased to HK$114,452,000 from HK$175,233,000 at the end of the previous period[28]. Employee Expenses - Employee benefits expenses, including directors' emoluments, totaled HK$23,135,000 for the six months ended December 31, 2024, compared to HK$21,380,000 for the same period in 2023, representing an increase of 8.2%[134]. - The company's wages and salaries increased to HK$21,727,000 in the first half of 2024 from HK$19,038,000 in 2023, reflecting a growth of 14.1%[124]. Legal Matters - Universe Laser & Video Co. Limited ("ULV") claimed against Star for infringement of licensed rights, seeking recovery of all losses and damages[145]. - Koninklijke Philips Electronics N.V. ("KPE") has made claims against the Company and ULV regarding alleged patent infringements, with no reliable estimate of economic outflow at this time[150]. - The Group has no material pending litigations known to the Directors as of December 31, 2024[169]. Market Conditions - The film exhibition industry in the PRC experienced a total box office revenue of approximately RMB 42.5 billion in 2024, reflecting a year-over-year decline of approximately 22.6%[187]. - The Group's management noted that macroeconomic challenges and intense competition in the film industry adversely affected performance during the Period[188]. - The PRC film exhibition industry experienced a strong box office performance during the 2025 Chinese New Year season, indicating a recovery in market sentiment and new growth opportunities[192].

Financial Performance - Total revenue for the six months ended December 31, 2024, was HKD 249,032,000, a decrease of 16% compared to HKD 296,430,000 for the same period in 2023[2] - Revenue from film distribution and screening, as well as licensing income, was HKD 229,584,000, down 16% from HKD 273,388,000 year-on-year[2] - The company reported a loss before tax of HKD 72,279,000 compared to a profit of HKD 5,418,000 in the same period last year[3] - Total comprehensive loss for the period was HKD 74,776,000, compared to a total comprehensive income of HKD 52,000 in the prior year[5] - The company reported a basic and diluted loss per share of HKD (8.19) compared to earnings per share of HKD 0.06 in the previous year[5] - The company incurred a loss attributable to shareholders of HKD 74,277,000 for the six months ended December 31, 2024, compared to a profit of HKD 518,000 for the same period in 2023[31] - The company recorded revenue of approximately HKD 249.0 million for the six-month period ending December 31, 2024, a decrease of about 16.0% compared to approximately HKD 296.4 million in the previous period[58] - The company incurred a loss of approximately HKD 74.7 million during this period, compared to a profit of approximately HKD 52,000 in the previous period, primarily due to impairment losses of approximately HKD 64.5 million related to film rights and films in production[58] Assets and Liabilities - Non-current assets decreased to HKD 310,257,000 from HKD 540,507,000 as of June 30, 2024[7] - Current assets increased to HKD 216,218,000 from HKD 196,905,000 as of June 30, 2024[7] - Total liabilities decreased to HKD 298,863,000 from HKD 435,024,000 as of June 30, 2024[9] - The total assets as of December 31, 2023, amounted to HKD 610,744,000, while total liabilities were HKD 439,843,000[25] - Total assets as of December 31, 2024, were approximately HKD 526.5 million, a decrease from HKD 737.4 million as of June 30, 2024[75] - The current ratio (defined as total current assets divided by total current liabilities) was approximately 0.7 as of December 31, 2024, up from 0.5 as of June 30, 2024[76] - The debt-to-equity ratio as of December 31, 2024, was approximately 3.4%, slightly improved from 3.7% as of June 30, 2024[75] Segment Performance - The group reported external customer revenue of HKD 249,032 thousand for the six months ended December 31, 2024, with significant contributions from video distribution and eyewear products[24] - The group's pre-tax loss amounted to HKD 72,279 thousand, reflecting challenges in various segments, particularly in video distribution and financial printing services[24] - Total segment assets reached HKD 407,429 thousand, with the largest portion attributed to video distribution at HKD 351,576 thousand[24] - Segment liabilities totaled HKD 283,225 thousand, with video distribution accounting for HKD 266,125 thousand[24] - The group reported a segment performance loss of HKD 72,429 thousand, indicating operational challenges across various business segments[24] - Revenue recognized at a point in time was HKD 238,571 thousand, while revenue recognized over time was HKD 10,090 thousand[24] - Revenue from the eyewear trading, wholesale, and retail segment decreased by approximately 45.8% to HKD 5.8 million, accounting for about 2.3% of total group revenue[65] - Revenue from the financial printing segment increased by approximately 15.2% to HKD 12.9 million, driven by an increase in the number of listed clients and participation in IPO projects[68] Legal Matters - In a lawsuit initiated by Starry Overseas Limited, the company is claimed to owe USD 935,872 (equivalent to HKD 7,299,799) related to the film "Shaolin Soccer" revenue sharing[43] - The company has paid HKD 5,495,700 to Starry as part of the court order, leaving a remaining claim of approximately HKD 1,804,099[44] - The company has filed a counterclaim against Starry for unauthorized use of shared rights in the film, seeking damages for losses incurred[46] - The company is involved in ongoing litigation regarding the validity of an artist management contract, with a potential claim of approximately HKD 1.7 million for breach of contract[49] - A settlement was reached in July 2023, where the defendant agreed to pay a net amount of approximately HKD 500,000 to the company[50] - The company faced legal challenges, including a lawsuit from Chengdu Global Bona Cultural Media Limited claiming damages of approximately RMB 99.99 million (about HKD 113 million) for alleged copyright infringement, which was ultimately dismissed by the court[55] - The court ruled in favor of the company in a separate case, ordering Chengdu Global Bona to pay litigation costs of approximately RMB 549,800 (about HKD 605,000)[55] - The company is currently not facing any significant unresolved litigation or claims as of December 31, 2024[55] Corporate Governance and Compliance - The company has complied with the corporate governance code as of December 31, 2024, except for the separation of roles between the chairman and the CEO[103] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and internal controls of the group[104] - The company has adopted the standard code for securities trading by directors as per the listing rules appendix C3, confirming compliance during the specified period[106] Employee and Shareholder Matters - The company’s employee benefit expenses, including director remuneration, increased to HKD 23,135,000 for the six months ended December 31, 2024, from HKD 21,380,000 in 2023[27] - The group employed 116 staff as of December 31, 2024, an increase from 107 staff as of June 30, 2024[81] - The new share option plan was adopted on December 4, 2023, to recognize and incentivize eligible participants for their contributions to the group[82] - The new share option plan allows the company to grant options to eligible participants, including employees and related entities, to align their interests with the company's growth[85] - The maximum number of shares that can be issued under the new share option plan is capped at 10% of the total issued shares[90] - The service provider sub-limit for shares issued under the new share option plan is capped at 3% of the total issued shares[90] - The vesting period for stock options must not be less than 12 months, with flexibility for the compensation committee to shorten it based on performance criteria[95] - The board has the discretion to set performance targets for stock options, which may include financial and management goals based on individual and group performance[97] Future Outlook and Strategy - The group plans to adopt a more cautious investment approach for new films to meet audience expectations while reducing overall production costs[63] - The group will implement strict cost control measures and seek new opportunities to enhance operational and financial performance in response to a challenging environment[74] - The group maintains a cautiously optimistic outlook on the film distribution and exhibition business while closely monitoring market trends[74]

Financial Performance - The total box office of the film market in the PRC in 2023 was RMB 54.9 billion, representing a year-over-year increase of 82.6%[6] - Revenue from film distribution and exhibition, licensing, and sub-licensing of film rights increased by approximately 122.8% compared to the previous year[6] - The Group recorded a revenue of approximately HK$ 365.3 million during the year, representing a year-over-year increase of 84.1% compared to approximately HK$ 198.4 million in the last year[7] - The Group's loss for the year reduced significantly by approximately 66.6% to approximately HK$ 31.2 million, compared to a loss of approximately HK$ 93.4 million in the last year[7] - The narrowed loss is primarily attributable to the significant increase in revenue from video distribution and a decrease in total impairment loss of film rights[7] - For the year ended June 30, 2024, the Group recorded a revenue of approximately HK$365.3 million, a 84.1% increase from approximately HK$198.4 million in the previous year[12] - The Group's loss for the year was approximately HK$31.2 million, a significant reduction from a loss of approximately HK$93.4 million in the previous year, primarily due to increased revenue from film distribution and licensing[12] - Segment revenue from film distribution and exhibition, licensing, and sub-licensing of film rights was approximately HK$310.2 million, representing a 122.8% increase compared to approximately HK$139.2 million in the previous year[13] Market Challenges - The economic recovery pace will be affected by trade barriers and weak consumer sentiment, which will continue to pressure the Group's business[8] - The retail market in the PRC and Hong Kong faces challenges from global geopolitical conflicts, high interest rates, and a sluggish property market, impacting post-pandemic recovery efforts[22] - The total box office in the PRC for the first half of 2024 was RMB23.9 billion, a year-over-year decrease of 9.0%, but the market showed strong momentum with record box office performances during major holidays[18] Business Strategy - The Group will continue to operate prudently and explore new business and investment opportunities despite global geopolitical conflicts and economic uncertainties[8] - The Group plans to continue investing in original film production in the PRC and Hong Kong, with upcoming releases including "High Forces," "The Gilded Game," and "Shock Wave 3"[20] Financial Printing Segment - Revenue from the financial printing segment was approximately HK$33.4 million, representing an increase of approximately 23.2% compared to HK$27.1 million in the previous year[26] - The financial printing segment accounted for approximately 9.2% of the Group's revenue during the year, down from approximately 13.6% in the previous year[26] - Segmental loss from the financial printing segment decreased to approximately HK$361,000 from approximately HK$2.0 million in the previous year, mainly due to revenue and gross profit growth[26] Asset Management - As of June 30, 2024, the Group had cash and cash equivalents of approximately HK$132.3 million, an increase from approximately HK$80.9 million in 2023[40] - The Group's total assets as of June 30, 2024, were approximately HK$737.4 million, down from approximately HK$951.6 million in 2023[40] - The Group's gearing ratio increased to approximately 3.7% as of June 30, 2024, compared to approximately 3.1% in the previous year[40] - The current ratio improved to approximately 0.5 as of June 30, 2024, from approximately 0.3 in 2023[40] Corporate Governance - The Company has complied with the corporate governance code provisions throughout the year, except for the separation of roles between the Chairman and CEO, which is currently held by Mr. Lam Shiu Ming, Daneil[50] - The Board is collectively responsible for overseeing the management of business, strategic decisions, and financial performance for the best interests of shareholders[51] - The Board has delegated day-to-day management powers to executive Directors and senior management, regularly reviewing the delegation of responsibilities[54] - Financial controls include the approval of annual operating and capital expenditure budgets, consolidated financial statements, and internal control systems[55] - The Company has adopted corporate governance principles emphasizing a quality board, effective risk management, and stringent disclosure practices[49] Risk Management - The Group's risk management and internal control systems are based on the COSO framework, ensuring effective monitoring of risks associated with different business units[96] - An external consultant was engaged to evaluate the Group's risk management and internal control systems, leading to the identification of strategic, operational, financial, and compliance risks[99] - The Board reviews and approves the effectiveness and adequacy of the Group's risk management and internal control systems on an annual basis[97] Environmental, Social, and Governance (ESG) - The ESG Report covers the Group's entire range of business activities, including video distribution, film distribution and exhibition, retailing of optical products, and financial printing services for the year ended June 30, 2024[136] - The management intends to drive ESG initiatives throughout the Group and communicate ESG performance results with stakeholders[137] - The Group's ESG governance is prioritized by senior management, with the Board responsible for overall ESG policies and risk management[139] - An ESG working group has been established to implement strategies and assess risks related to environmental, social, and governance matters[139] Employee Management - The Group recognizes its employees as valuable assets and emphasizes the importance of teamwork in achieving success[169] - The Group is committed to equal opportunity employment, ensuring no discrimination against employees based on race, gender, or other protected characteristics[170] - The total workforce decreased from 128 employees in 2023 to 107 employees in 2024, resulting in a turnover rate of 54.5% for 2024 compared to 39.4% in 2023[181] - The Group provides appropriate safety guidelines and equipment, including Personal Protection Equipment (PPE), to workers exposed to safety risks[187] Sustainability Efforts - The Group aims to minimize non-hazardous waste generation and has implemented recycling initiatives, including placing recycling bins in accessible locations[156] - The Group has identified climate change risks, such as rising sea levels and extreme weather events, and is committed to monitoring relevant environmental issues[148] - The Group will continue to monitor climate change risks and adopt appropriate environmental protection measures as necessary[167]

Revenue Performance - Total revenue for the year ended June 30, 2024, was HKD 365,257,000, a significant increase of 84.2% compared to HKD 198,439,000 for the year ended June 30, 2023[1]. - Revenue from film distribution and screening, as well as licensing and sublicensing of film rights, surged to HKD 309,579,000, up from HKD 138,891,000, representing a growth of 122.4%[1]. - Total revenue for the year ending June 30, 2024, was HKD 365,257,000, with significant contributions from video distribution (HKD 310,176,000) and eyewear products (HKD 18,993,000) [11]. - Total revenue from major customers contributing 10% or more reached approximately HKD 88,450,000 for the year ending June 30, 2024, compared to HKD 77,788,000 in 2023, reflecting a growth of 8.5%[18]. - Total revenue for the year ended June 30, 2023, was HKD 198,439,000, with video distribution contributing HKD 139,201,000 and eyewear and watch products contributing HKD 21,891,000[13]. Financial Performance - The company reported a net loss of HKD 31,196,000 for the year, a reduction in loss compared to HKD 93,405,000 in the previous year, indicating an improvement of 66.7%[2]. - The company reported a pre-tax loss of HKD 26,009,000 for the year, with individual segment losses of HKD 17,226,000 from video distribution and HKD 5,647,000 from eyewear products [11]. - The company reported a basic loss per share of HKD (0.0336) for the year ending June 30, 2024, improving from a loss of HKD (0.1023) in 2023, indicating a reduction in losses by approximately 67%[22]. - The company recorded a total tax expense of HKD 5,187,000 for the year ending June 30, 2024, compared to a tax credit of HKD (2,450,000) in 2023, indicating a significant shift in tax position[20]. Assets and Liabilities - The total assets decreased to HKD 737,412,000 from HKD 951,565,000, reflecting a decline of 22.5%[4]. - The total liabilities decreased to HKD 435,024,000 from HKD 617,410,000, a reduction of 29.5%[5]. - The company’s accumulated losses rose to HKD 281,783,000 from HKD 251,342,000, indicating an increase of 12.1%[5]. - The company’s film rights and films in production decreased to HKD 409,116,000 from HKD 607,878,000, a decline of 32.7%[4]. Cash Flow and Financial Position - Cash and cash equivalents increased significantly to HKD 132,324,000 from HKD 80,854,000, marking a growth of 63.7%[4]. - The company’s financial income for the year was HKD 2,507,000, while financial costs amounted to HKD 535,000 [11]. - The debt-to-equity ratio was approximately 3.7% as of June 30, 2024, compared to 3.1% in the previous year[45]. Operational Changes and Strategies - The group plans to continue investing in the production of original quality films in China and Hong Kong to respond to the growing and challenging market environment[36]. - The group will cease its watch trading, wholesale, and retail business in China and gradually close unprofitable eyewear stores in Hong Kong to control operational expenses and cash outflow[37]. - The company has implemented policies to ensure sales on credit are made to customers with good credit records, conducting regular credit assessments[25]. Legal Matters - The company has a pending lawsuit from Starshine Overseas Limited, claiming a total of $935,872 (equivalent to HKD 7,299,799) related to the film "Shaolin Soccer" [27]. - The company is involved in another lawsuit with Koninklijke Philips Electronics N.V. regarding alleged patent infringement related to optical discs, but the outcome is currently uncertain [28]. - The company faced a civil claim from Chengdu Global Bona for approximately RMB 99.99 million (about HKD 110 million) regarding alleged copyright infringement, which was ultimately dismissed by the court[33]. Corporate Governance and Risk Management - The company has established a risk management and internal control system to protect shareholder interests and assets, ensuring effective monitoring of business risks[63]. - An external consultant has been hired to assist the board in evaluating the risk management and internal control system, identifying strategic, operational, financial, and compliance risks[64]. - The audit committee was established on October 11, 1999, and is composed of three independent non-executive directors[67]. Employee and Shareholder Matters - The number of employees decreased to 107 from 128 in the previous year, with annual salary reviews and additional benefits[48]. - The company has adopted a dividend policy effective from September 27, 2019, allowing shareholders to participate in profits while preserving liquidity for future growth opportunities[60]. - The board will periodically review the dividend policy and may adopt appropriate changes, but there is no guarantee of dividend payments for any specific period[61].

Financial Position - As of December 31, 2023, total assets decreased to HK$791,904,000 from HK$951,565,000 as of June 30, 2023, representing a decline of approximately 16.8%[9] - Current assets increased to HK$233,814,000, up from HK$181,299,000, marking an increase of about 29%[12] - Cash and cash equivalents significantly rose to HK$175,233,000 from HK$80,854,000, reflecting a growth of approximately 117%[12] - Total liabilities decreased to HK$458,293,000 from HK$617,410,000, a reduction of around 26%[15] - Net current liabilities improved to HK$222,056,000 from HK$432,342,000, indicating a positive change in financial position[15] - Equity attributable to the owners of the Company slightly decreased to HK$337,758,000 from HK$338,710,000, a marginal decline of about 0.3%[12] - The Company has maintained its share capital at HK$9,066,000 with no changes reported[12] Revenue and Profitability - Total revenue for the six months ended December 31, 2023, was HK$296,430,000, a significant increase from HK$36,324,000 in the same period of 2022, representing a growth of 717%[19] - Income from film distribution and exhibition surged to HK$273,388,000, compared to HK$15,871,000 in the prior year, marking an increase of 1,620%[19] - Profit before tax for the period was HK$5,418,000, a turnaround from a loss of HK$27,860,000 in the previous year[19] - The company reported a profit for the period of HK$52,000, compared to a loss of HK$27,965,000 in the same period last year[19] - Total comprehensive income for the period attributable to owners of the company was HK$518,000, a recovery from a loss of HK$27,901,000 in the previous year[22] - Basic and diluted earnings per share for the period were HK$0.06, compared to a loss of HK$3.06 per share in the prior year[22] Expenses - The cost of revenue increased to HK$255,011,000 from HK$25,685,000, reflecting a rise of 895%[19] - Selling expenses increased to HK$7,037,000 from HK$5,539,000, reflecting a rise of 27%[19] - Administrative expenses slightly increased to HK$27,456,000 from HK$26,880,000, showing a growth of 2%[19] - The company experienced a net other gain of HK$3,113,000, compared to a net loss of HK$5,902,000 in the previous year[19] Cash Flow - Net cash generated from operating activities increased to HK$115,852,000, up from HK$74,987,000, representing a growth of 54.2% year-over-year[30] - Net cash used in investing activities decreased significantly to HK$16,915,000 from HK$127,853,000, indicating a reduction of 86.7%[30] - Net increase in cash and cash equivalents for the period was HK$94,379,000, compared to a decrease of HK$57,359,000 in the previous year[33] - Cash and cash equivalents at the end of the period rose to HK$175,233,000, up from HK$154,487,000, reflecting an increase of 13.4%[33] Segment Information - For the six months ended December 31, 2023, the Group's segment revenue totaled HK$296,430,000, with video distribution contributing HK$273,725,000 and trading of optical products contributing HK$10,742,000[82] - The Group reported a segment profit before tax of HK$6,776,000 for the same period, with video distribution generating a profit of HK$12,039,000 while trading of optical products incurred a loss of HK$2,047,000[82] - As of December 31, 2023, the Group's total segment assets amounted to HK$610,744,000, with the largest contribution from video distribution at HK$542,585,000[82] - The total segment liabilities as of the same date were HK$439,843,000, with video distribution accounting for HK$415,341,000[82] Legal Matters - The Company is currently involved in pending litigations, including a claim by Star Overseas Limited for US$935,872 (equivalent to HK$7,299,799) related to revenue sharing from the movie "Shaolin Soccer"[153] - Koninklijke Philips Electronics N.V. has made claims against the Company regarding alleged patent infringements, but the Board does not expect any material outflow of economic benefits from these claims[161] - The Company is actively managing its legal risks and believes that the outcomes of the ongoing litigations are not likely to significantly affect its financial position[161] Market and Industry - The recovery of the film industry in China is attributed to the gradual fading of the COVID-19 pandemic's impact[196] - The Group aims to sustain long-term growth in the Chinese film market through continued investment in quality film production[196] - In 2023, the total box office in Mainland China reached approximately RMB 54.9 billion, marking a year-over-year increase of about 83.0%[194] Employee and Shareholder Information - Employee benefits expenses, including directors' emoluments, totaled HK$21,380,000 for the six months ended December 31, 2023, compared to HK$20,763,000 in 2022, representing an increase of 2.97%[133] - The Company did not declare or pay any interim dividends for the period, consistent with the previous year[98]

Financial Performance - Total revenue for the six months ended December 31, 2023, was HKD 296,430,000, a significant increase from HKD 36,324,000 in the same period of 2022[2] - The company reported a profit before tax of HKD 5,418,000, a recovery from a loss of HKD 27,860,000 in the prior year[3] - Net profit for the period was HKD 52,000, a significant improvement from a net loss of HKD 27,965,000 in the same period last year[3] - Basic and diluted earnings per share were HKD 0.06, recovering from a loss of HKD 3.06 per share in the previous year[5] - For the six months ended December 31, 2023, the company reported a total revenue of HKD 36,324 million, compared to HKD 29,499 million for the same period in 2022, representing a year-over-year increase of 23.5%[25] - The company experienced a pre-tax loss of HKD 27,860 million for the six months ended December 31, 2023, compared to a pre-tax loss of HKD 18,181 million in the same period of 2022[25] - The company's basic earnings per share for the six months ended December 31, 2023, was HKD 0.00057, a significant recovery from a loss of HKD 27,703 million in the same period of 2022[31] - The company reported a decrease in accounts receivable from HKD 49,158 million as of June 30, 2023, to HKD 33,714 million as of December 31, 2023, indicating improved cash flow management[38] - The company’s financial costs for the six months ended December 31, 2023, were recorded at HKD 173 million, reflecting a focus on cost management[25] Revenue Breakdown - The group reported total revenue of HKD 296,430,000 for the six months ended December 31, 2023, with a breakdown of HKD 273,725,000 from video distribution and HKD 10,742,000 from eyewear and watch products[24] - Revenue from the film distribution and screening segment was approximately HKD 273.7 million, an increase of about 16.0 times from HKD 16.1 million in the previous period, accounting for approximately 92.3% of total revenue[59] - The eyewear and watch trading, wholesale, and retail business recorded revenue of approximately HKD 10.7 million, a decrease of about 2.7% compared to HKD 11.0 million in the same period last year, accounting for approximately 3.6% of the group's total revenue[62] - The financial printing segment's revenue increased by approximately 30.2% to about HKD 11.2 million, compared to HKD 8.6 million in the same period last year, accounting for approximately 3.8% of the group's total revenue[68] Assets and Liabilities - Total assets decreased to HKD 791,904,000 from HKD 951,565,000 as of June 30, 2023[7] - Current assets increased to HKD 233,814,000 from HKD 181,299,000, reflecting improved liquidity[7] - The company’s total liabilities decreased to HKD 458,293,000 from HKD 617,410,000, indicating a reduction in financial obligations[9] - The total assets of the company as of December 31, 2023, amounted to HKD 957,644 million, while total liabilities were HKD 703,574 million, resulting in a net asset position[25] Segment Performance - The group achieved a pre-tax profit of HKD 5,418,000 for the same period, with segment performance showing a profit of HKD 12,039,000 from video distribution[24] - The group incurred total segment liabilities of HKD 439,843,000, with HKD 415,341,000 related to video distribution[24] - The segment loss for the eyewear and watch business was approximately HKD 2.0 million, an increase of about 42.9% from HKD 1.4 million in the same period last year[62] - The financial printing segment recorded a loss of approximately HKD 3.2 million, an increase of about 39.1% from HKD 2.3 million in the same period last year[69] Legal Matters - In a lawsuit filed by Starry Overseas Limited, the company is claimed to owe USD 935,872 (equivalent to HKD 7,299,799) for revenue sharing from the film "Shaolin Soccer"[43] - The company has paid HKD 5,495,700 to Starry as part of the court order, leaving a remaining claim of approximately HKD 1,804,099[44] - The company has initiated a claim against Starry for unauthorized use of shared rights from the film, seeking compensation for all losses and damages incurred[46] - The company is currently involved in litigation regarding the validity and enforceability of an artist management contract, with potential claims amounting to approximately HKD 1.7 million[49] - A settlement was reached in July 2023, where the defendant agreed to pay a net amount of approximately HKD 500,000 to the company[50] Corporate Governance and Compliance - The company has complied with the corporate governance code as of December 31, 2023, except for the separation of roles between the Chairman and the CEO[99] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the accounting principles and methods used by the group[102] - The company has adopted standard codes for directors trading in the company's securities, confirming compliance during the reporting period[104] Future Plans and Strategies - The company plans to continue expanding its market presence and exploring new product development opportunities[13] - The company plans to continue investing in the production of original quality films in China and Hong Kong, with upcoming releases including "Emergency Landing" and "Bomb Disposal Expert 3" starring Andy Lau[61] Stock Options and Employee Incentives - The new stock option plan will be adopted on December 4, 2023, following the expiration of the old plan on December 1, 2023[80] - The new stock option plan aims to recognize and incentivize eligible participants, including employees and service providers, to enhance their performance and efficiency for the benefit of the group[82] - The maximum number of shares that can be issued under the new stock option plan is capped at 10% of the total issued shares, with a specific limit of 3% for service providers unless approved by shareholders[87] - The vesting period for stock options must not be less than 12 months from the acceptance date, with flexibility for the board to shorten it under specific circumstances[94] - Performance targets for stock options will include financial and management goals based on individual and group performance, providing the board with greater flexibility in setting terms[95] - The company may grant "make-up" stock options to new joiners to replace options forfeited from previous employers[96] - The company has not issued or circulated any stock options during the current period under both old and new stock option plans[98]

目錄 CONTENT | 2 | Corporate Information | | --- | --- | | | 公司資料 | | 4 | Chairman's Statement | | | 主席報告 | | 6 | Management Discussion and Analysis | | | 管理層討論及分析 | | 17 | Directors and Senior Management Profile | | | 董事及高級管理人員簡介 | | 20 | Corporate Governance Report | | | 企業管治報告 | | 39 | Environmental, Social & Governance Report | | | 環境、社會及管治報告 | | 59 | Report of the Directors | | | 董事會報告書 | | 73 | Independent Auditor's Report | | | 獨立核數師報告書 | | 78 | Consolidated Statement of Financial Position | | | 綜合財務狀況 ...