格隆汇8月14日丨有线宽频(01097.HK)公布，公司将于2025年8月26日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

董事會召開日期 有線寬頻通訊有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈，董事 會 將 於 二 零 二 五 年 八 月 二 十 六 日（ 星 期 二 ）舉 行 會 議 ， 旨 在（ 其 中 包 括 ）批 准 本 公 司、其附屬公司及其綜合結構性實體截至二零二五年六月三十日止六個月之未經 審核綜合業績之公告及其發佈，以及考慮派付中期股息（ 如有 ）。 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 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的任何損失承擔任何責任。 有 線 寬 頻 通 訊 有 限 公 司 （於香港註冊成立的有限公司） （股份代號：1097） 公司秘書 李龍標 香港，二零二五年八月十四日 於 本 公 告 日 期 ， 董 事 會 現 由 十 名 董 事 組 成 ， 即 非 執 行 董 事 鄭 家 純 博 士（ 主 席 ）； 執 行 董 事 曾 安 業 先 生（ 副 主 席 ）、 李 國 恒 先 生 、 杜 之 克 先 生（ ...

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: | 有線寬頻通訊有限公司 | | | 呈交日期: | 2025年8月4日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01097 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 7,134,623,520 | | 0 | | 7,134,623,520 | | 增加 / 減少 ...

Group 1 - The stock price of Cable Broadband (01097) increased by 15.38% on August 1, reaching HKD 0.06 per share with a trading volume of HKD 2.1016 million [1] - Cable Broadband Communications Limited is a comprehensive telecommunications service provider in Hong Kong, offering services such as television, broadband internet, telecommunications, and multimedia, serving over 2 million households [1] - The company is also a significant producer of television and multimedia programs in Hong Kong, focusing on high-quality content in news, information, sports, and entertainment, distributed through traditional and new media platforms [1] Group 2 - As of the 2024 annual report, Cable Broadband reported total revenue of HKD 541 million and a net loss of HKD 512 million [2]

Media and Broadcasting - The Group's operating philosophy of "low cost, high efficiency" has been crucial in navigating the challenging economic environment, resulting in solid performance in both Media and Telecommunications sectors[11] - The Group successfully broadcasted the 19th Asian Games in Hangzhou and partnered with local TV stations for the 2024 Paris Olympic Games, enhancing community engagement[14] - HOY TV's live Olympic clips consistently ranked among the top five trending videos on YouTube, reflecting strong audience engagement and support for Hong Kong athletes[17] - The Group launched Hong Kong's first-ever television micro-drama "Love Suddenly," featuring two-minute episodes to attract younger viewers and enhance mobile viewing experiences[18] - The Group is actively producing a diverse range of variety shows and exploring innovative filming techniques to improve audience engagement and viewing experiences[18] - The Group has applied for broadcasting rights in the Greater Bay Area to introduce Hong Kong-style micro-dramas to the mainland market, aiming for market expansion[18] - The Group's media business provides a wide range of content, including entertainment, sports, and educational programs, fulfilling its civic responsibilities[13] - The Group's i-CABLE News team ensures the accuracy of information in its reports and produces informative programs to encourage public participation in community issues[13] - The Group's commitment to an omnimedia broadcasting model aims to meet post-pandemic viewing habits, including access via smart TVs[18] - The Group's efforts in sports broadcasting are seen as a means to bridge political differences and strengthen community bonds in Hong Kong[17] - During the Olympic broadcasting period, HOY TV's live segments consistently ranked among the top five on YouTube, reflecting strong engagement with Hong Kong audiences[20] - The Group's omni-media broadcast of the Hong Kong Olympic Team's highlights secured support from 53 sponsors, marking a significant milestone[37] - The Group plans to launch Hong Kong's first micro-drama series "My Family Has Joy" in 2025, featuring episodes of only 2 minutes each to cater to mobile viewers[20] - The Group's social media achieved over 32 million views on HOY YouTube during the Paris Olympics, with a year-on-year increase of more than 40% in subscribers[48] - The number of users on the hoy.tv website and HOY's official app reached over 780,000 during the most active month in 2024, with over 100 million views recorded[50] - The HOY Mobile App downloads increased by 45% as of December 31, 2024, with Instagram and YouTube followers growing by more than 130%[53] - The Group's three free-to-air TV channels and mobile applications achieved coverage of approximately 99% of the population in Hong Kong[47] - The "Undercover" travel series received strong support from the Hong Kong Tourism Board, leading to the launch of "Undercover Service Squad," which attracted over 1.85 million views in Guangdong province[41] - The "Railway Traveler" program garnered significant support from young audiences online and led to the launch of "Railway Traveler 2" within the same year[60] - The Group has actively expanded into the Mainland China market, collaborating with TV stations in the Greater Bay Area to enrich multimedia content[43] - The integration of HOY TV experience across various platforms has enhanced the effectiveness of streaming services and advertising[49] - The Group's branded content initiatives have resonated with diverse audience demographics, providing innovative promotional solutions[44] - The completion of large-scale event venues in Hong Kong has driven new marketing and promotion services related to international events and exhibitions[42] - HOY TV provided over 450 hours of live broadcasts for major international sports events in 2024, including the "FIVB Volleyball Nations League" and "Copa América USA 2024" [87] - The Group invested over 1,100 hours of live broadcasts of various world sports events on HOY 76, mobile applications, and official websites in 2024 [88] - The Group produced a unique Cantonese Spring Festival Gala programme, which was broadcasted live across the Greater Bay Area and Southeast Asia in February 2024 [72] - HOY TV launched three new episodes of the cooking series "Theme Cook," showcasing culinary skills in the Greater Bay Area [66] - The Group supported local consumption by producing several dining programmes, including "Dining Guide" and "Let's Eat 100 in Hong Kong" [70] - The new pet variety show "Stories from MEOW MEOW" features artists sharing their experiences with cats, enhancing audience engagement [75] - The Group's lifestyle programmes, such as "Good Old Days" and "Hints of Postnatal Care," focus on the daily lives of Hong Kong people [79] - HOY TV's health programme "Health Concern Group" addresses health myths and provides insights from various health experts [82] - The Group's infotainment programmes, including "Hong Kong Phenomenon 3," have become part of Hong Kong's distinctive television culture [80] - The Group's travel and dining programmes aim to boost consumption in Hong Kong, reflecting the trend of local spending [67] - Cable TV 18 Channel broadcasted 125 days of racing, including 37 overseas events, enhancing the viewing experience for horse racing enthusiasts[93] - In 2024, HOY TV broadcasted over 450 hours of major international sports events, including the World Volleyball League and the Copa America[91] - The mobile application "Racing GPS" provides subscribers with an additional platform to watch horse racing programs and features a YouTube channel with various programs[94] - The flagship program "City Focus" achieved a peak rating of 4.4, successfully uncovering livelihood issues and prompting government action[103] - The Group's "Hong Kong Cable News Express" serves as the sole distributor of advertisements for MTR In-train TV, contributing to advertising revenue growth[106] - The Group organized the "Season Opening Prelude Party" to engage horse racing enthusiasts and strengthen community ties[100] - The i-CABLE News team produced programs to help citizens understand the operations of government departments and the Constitution of China[107] - The documentary "Keep Pace with You" highlighted the inspirational story of trainer Danny Shum, showcasing dedication in the horse racing industry[95] - HOY TV plans to broadcast over 1,100 hours of various world sports events in 2024, expanding its sports content offerings[91] - The Group's collaboration with the Hong Kong Jockey Club included promotional activities to enhance community engagement and promote responsible gambling[96] Telecommunications - The telecommunications business serves over 2 million households in Hong Kong, maintaining stable results and exploring market opportunities[22] - The Group aims to enhance optical and 5G network coverage to support high-bandwidth and low-latency AI applications, attracting commercial customers[22] - The telecommunications network serves over 2 million households in Hong Kong, contributing positively to the Group's performance[117] - The Group has shifted its sales approach in the first half of 2024 to enhance flexibility and cope with market demands, resulting in improved customer retention and overall business revenue growth[118] - The Group is committed to providing diversified telecommunications products and services, launching several new packages for broadband and mobile services to attract new customers[119] - The expansion of the Gigabit Passive Optical Network (GPON) aims to enhance network coverage and capacities, meeting the increasing demand for high-speed broadband services[120] - A strategic cooperation agreement with China Mobile Hong Kong Co., Ltd. continues to strengthen the Group's partnership in telecommunications and media information services, supporting new business development[121] - The telecommunications segment is challenged by fast-changing technology and market saturation, necessitating innovative service approaches and competitive service packages[126] - The Group faces significant competition in the traditional free television sector due to changing viewer habits and the rapid growth of streaming platforms and social media[127] - The telecommunications division is challenged by rapid technological changes and market saturation, necessitating innovative service offerings and network enhancements[127] - The Group aims to strengthen its competitive position by investing in new market opportunities and updating non-competitive segments[127] Economic Environment - The economic recovery in Hong Kong in 2024 was less satisfactory than expected, with a slowdown in the retail market and rising operational costs[34] - The Group is actively undergoing strategic transformations to innovate in content, distribution, and marketing solutions to adapt to changing audience viewing habits[35] - The Group's business strategy includes integrating online, offline, and outdoor media platforms to enhance audience engagement and marketing efficiency[33] - The Group is focused on developing new profit models through collaboration in markets such as the Greater Bay Area and Mainland China[33] Environmental, Social, and Governance (ESG) - The ESG report covers the Group's key business operations in media and telecommunications in Hong Kong for the reporting period from January 1, 2024, to December 31, 2024[129] - The Group's ESG governance includes a dedicated working group that monitors ESG-related risks and opportunities, reporting to the Board[134] - The Board is responsible for overseeing the Group's sustainable development and ensuring effective risk management and internal controls related to ESG[134] - The Group has established key performance indicators (KPIs) to evaluate the effectiveness of its ESG policies and management systems[132] - The ESG working group conducts annual training to better understand climate-related risks and ensures these are considered in the annual risk assessment process[134] - The Group engages a professional consultant for ongoing assessment of internal control and risk management systems to identify deficiencies[134] - The management is responsible for executing ESG strategies and developing implementation plans that are tied to senior management compensation considerations[134] - The Group replaced 16 out of 23 Euro IV diesel vehicles, aiming to replace all by 2027 to reduce overall air emissions[138] - A policy to reduce paper usage was established in 2022, focusing on centralized sourcing and double-sided printing[138] - Diesel consumption was reduced by approximately 49%, achieving 28,686 liters in 2024 compared to 56,094 liters in 2021[138] - Water consumption intensity was maintained at 2,119 cubic meters in 2024, approximately 8% lower than 2,306 cubic meters in 2021[138] - The Group emphasizes ESG issues related to product responsibility, employee safety, supply chain management, and environmental protection[147] - The ESG working group validates key material ESG issues and their link to respective aspects and KPIs[146] - Stakeholder engagement includes internal emails, meetings, and corporate website updates to align sustainability goals[140] - The Group's environmental targets established since 2021 aim to enhance sustainability performance[137] - Continuous monitoring of ESG-related risks is conducted to ensure effective internal control measures[136] - The Group's management is responsible for executing the ESG strategy and integrating it into key performance indicators[136] Customer Service and Employee Welfare - The Group received ISO 9001:2015 and ISO 10002:2018 certifications for quality management and customer satisfaction, maintaining these standards during the reporting period[156] - A total of 115 written complaints were received during the reporting period, a decrease from 288 complaints in 2023, indicating improved customer service[157] - The Group has established policies to protect personal data, complying with the Personal Data (Privacy) Ordinance, with no incidents of non-compliance reported during the reporting period[164] - The Group is committed to employee health and safety, implementing four key policies to ensure a safe workplace[168] - The Group has a Corporate General IT Control Policies and Procedures in place to manage and protect IT systems, with no reported incidents of intellectual property rights breaches during the reporting period[159] - The Group emphasizes customer experience, implementing a quality management system to enhance hotline and customer care services[157] - The Group organized various recreational and leisure activities to promote employee wellbeing and mental health[175] - The injury rate for 2024 is 0.0088, an increase from 0.0083 in 2023, while the lost days decreased from 531 to 343[173] - The lost days rate for 2024 is 0.0015, down from 0.0020 in 2023, and the absentee rate is 0.0192, slightly lower than 0.0204 in 2023[173] - The Group sourced from 715 suppliers in Hong Kong (87%), 21 from Mainland China (3%), and 83 from other countries (10%) during the Reporting Period[178] Environmental Impact - The Group did not generate significant sewage discharge during the Reporting Period[181] - Air emissions for nitrogen oxides (NOX) decreased from 0.29 tonnes in 2023 to 0.21 tonnes in 2024, while particulate matter (PM) emissions reduced from 0.027 tonnes to 0.020 tonnes[193] - The Group strictly adheres to the Air Pollution Control Ordinance and Waste Disposal Ordinance, with no incidents of non-compliance reported during the Reporting Period[183] - The Group encourages suppliers to adopt green measures and products that fulfill the 4Rs Rule: "Reduce, Recycle, Reuse and Replace"[177] - The Group has implemented measures to reduce greenhouse gas emissions and energy consumption, including optimizing vehicle utilization and phasing out pre-Euro IV diesel vehicles[190] - There were no incidents of work-related fatalities reported in the past three reporting periods[174] - In 2024, the Group recorded a total CO2 emissions of 4,738 tonnes, a decrease of 10% from 5,258 tonnes in 2023[195] - Scope 1 CO2 emissions decreased from 233 tonnes in 2023 to 206 tonnes in 2024, representing a reduction of approximately 11.6%[195] - Scope 2 CO2 emissions decreased from 5,025 tonnes in 2023 to 4,532 tonnes in 2024, reflecting a decline of about 9.8%[195] - CO2 emissions intensity for Scope 1 was approximately 0.23 tonnes per employee in 2024, up from 0.21 tonnes per employee in 2023[197] - CO2 emissions intensity for Scope 2 was approximately 4.99 tonnes per employee in 2024, compared to 4.63 tonnes per employee in 2023[197] - The Group is actively collecting Scope 3 emissions data to enhance transparency and accountability in its environmental impact[198] - The Group has implemented waste management initiatives, focusing on reducing, reusing, and recycling waste to minimize landfill contributions[199] - Environmentally friendly recycling bins for metal, plastic, and Tetra Pak were placed on each floor starting January 2024 to promote waste sorting[200] - The Group encourages employees to adopt paperless practices and use electronic copies to reduce paper waste[199] - Training and education on waste reduction have been emphasized among employees to foster a culture of sustainability[199]

Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue from continuing operations decreased to approximately HKD 584 million, down from HKD 598 million in the previous year, primarily due to a reduction in subscriber revenue[3]. - The operating loss for the fiscal year ending December 31, 2024, was approximately HKD 410 million, a decrease of about HKD 18 million compared to the previous year's loss of HKD 428 million[3]. - The net loss from continuing operations for the fiscal year ending December 31, 2024, was approximately HKD 553 million, slightly increasing by about 1% from HKD 548 million in the previous year[3]. - The total operating expenses for continuing operations decreased by approximately HKD 32 million or 3% to approximately HKD 994 million, down from approximately HKD 1,026 million in 2023[38]. - The finance costs for continuing operations increased by approximately HKD 42 million or 50% to approximately HKD 126 million, compared to HKD 84 million in 2023[41]. - The group recorded a total comprehensive loss of HKD 553,338,000 for the year ending December 31, 2024, compared to a loss of HKD 589,274,000 in the previous year, indicating a reduction in losses by approximately 6.5%[81]. Revenue Segments - The media segment's revenue increased by approximately 4% to HKD 220 million for the fiscal year ending December 31, 2024, driven by an increase in advertising revenue[3]. - The telecommunications segment's revenue decreased by approximately HKD 22 million or 6% to HKD 364 million for the fiscal year ending December 31, 2024, mainly due to a decline in subscriber revenue[3]. - The group’s main businesses include media and telecommunications[46]. - The Telecommunications division reported segment revenue of HKD 364,449,000 for 2024, down from HKD 386,139,000 in 2023, indicating a decline of about 5.5%[113]. Assets and Liabilities - The company's total assets as of December 31, 2024, were HKD 882 million, down from HKD 945 million in the previous year[2]. - The total liabilities increased to HKD 2,764 million from HKD 2,274 million, indicating a significant rise in debt levels[2]. - The net asset liability ratio was reported at -102% for the fiscal year ending December 31, 2024, compared to -118% in the previous year[2]. - The group’s consolidated net liabilities increased to approximately HKD 1,882,000,000 as of December 31, 2024, compared to approximately HKD 1,329,000,000 as of December 31, 2023[52]. Operational Strategies - The company implemented several cost-saving measures, resulting in a 3% reduction in total operating expenses compared to the previous year[5]. - The company aims to innovate in content, distribution, and marketing strategies to adapt to the rapidly changing online media landscape and enhance advertising revenue[6]. - The group is actively developing unique brand programs on social media to meet advertisers' demands, enhancing its competitive edge in the market[8]. - The group plans to continue investing in properties, factories, and equipment to enhance profitability and shareholder returns[67]. Market Presence and Engagement - In the 2024 fiscal year, the group achieved a significant milestone by securing 53 sponsors for the comprehensive media coverage of the Hong Kong athletes during the Paris Olympics, marking a record for HOY TV in broadcasting sports events[7]. - The group’s social media performance during the Olympics was impressive, with HOY YouTube views exceeding 32 million and a subscriber growth of over 40% year-on-year[11]. - The group’s mobile application downloads increased by 45%, with active users reaching a peak of 780,000 in the most active month of 2024, and total views surpassing 100 million[12]. - The group’s three free television channels and mobile application now cover approximately 99% of Hong Kong's population, reflecting a strong digital media presence[10]. Future Outlook - The company plans to continue expanding its network coverage and upgrading to GPON services to enhance competitiveness in the broadband market[64]. - The company expects new demand in the advertising market due to the government's promotion of the tourism industry and economic integration in the Greater Bay Area[72]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its service offerings[85]. - Future outlook includes potential investments in new technologies and products to enhance revenue streams and market presence[81]. Corporate Governance - The company has adhered to good corporate governance principles and complied with all applicable rules as of December 31, 2024[144]. - The audit committee has been established in accordance with the Listing Rules, primarily consisting of independent non-executive directors[148]. - The financial statements have been reviewed by the audit committee, which has no disagreements regarding the results[149].

Revenue Performance - Revenue from continuing operations increased to approximately HK$277.17 million for the six months ended June 30, 2024, compared to HK$263.39 million for the same period in 2023, representing an increase of approximately 5%[11]. - Revenue from the media segment rose to approximately HK$107 million, a 37% increase from approximately HK$78 million in the previous year, primarily driven by a 39% increase in advertising revenue[8]. - Revenue from digital media increased by approximately 49% compared to the same period last year[21]. - Revenue from continuing operations increased to approximately HK$277 million for the six months ended June 30, 2024, compared to approximately HK$263 million for the same period in 2023, primarily driven by increased advertising revenue in the media segment[52]. - Revenue from the telecommunications segment decreased by approximately HK$16 million to approximately HK$170 million for the six months ended June 30, 2024, compared to approximately HK$186 million for the same period in 2023[62]. - Reportable segment revenue for the telecommunications segment in 2024 was HK$169,823,000, a decrease of 8.5% from HK$185,576,000 in 2023[169]. - Media segment revenue increased to HK$107,375,000 in 2024, up 37.9% from HK$77,817,000 in 2023[169]. - Total reportable segment revenue for 2024 was HK$277,198,000, compared to HK$277,170,000 in 2023, indicating a slight increase[169]. Loss and Financial Performance - The Group's loss for the six months ended June 30, 2024, increased to approximately HK$255 million, representing a 29% increase from a loss of approximately HK$197 million in the same period of 2023[9]. - The basic loss per share for the period was HK$3.6, compared to HK$2.8 for the same period in 2023[11]. - The Group's operating loss for the six months ended June 30, 2024, was approximately HK$188.69 million, compared to HK$110.06 million for the same period in 2023[11]. - Loss from operations for the same period was HK$188,689,000, compared to a loss of HK$110,060,000 in 2023, representing a 71.2% increase in operating loss[96]. - Loss for the period was HK$254,929,000, up from HK$196,986,000 in 2023, indicating a 29.3% increase in total loss[100]. - Basic and diluted loss per share from continuing operations for the six months ended June 30, 2024, was approximately HK$3.6 cents, compared to approximately HK$2.1 cents for the same period in 2023[59]. - The loss from continuing operations attributable to equity shareholders for the six months ended June 30, 2024, was HK$254,929,000, compared to HK$149,239,000 in 2023, representing an increase of 70.8%[193]. - The total basic loss per share for the period was HK(3.6) cents, compared to HK(2.8) cents in the previous year, reflecting a 28.6% increase in losses per share[193]. Operating Expenses and Cost Management - The Group implemented several cost-saving measures, resulting in a decrease in total operating expenses by approximately 18% compared to the second half of 2023[10]. - The Group's operating expenses increased by approximately 33% compared to the last corresponding period, influenced by ongoing costs from the Pay TV operation[53]. - Operating expenses from the media segment increased by approximately 59% to approximately HK$279 million for the six months ended June 30, 2024, compared to approximately HK$175 million for the same period in 2023[61]. - The Group's financial performance reflects the challenging operating environment amid the economic rebound in 2024[7]. - Total operating expenses decreased by approximately 18% compared to the second half of 2023, leading to a 13% improvement in the loss from continuing operations, excluding non-cash impairment losses[56]. Customer Metrics and Market Reach - The number of broadband and telephony customers decreased to approximately 151,000 and 52,000, respectively, down from approximately 172,000 and 60,000 in June 2023[8]. - The customer retention rate significantly improved in the first half of 2024 following a strategic shift to telemarketing as the primary sales channel for telecommunications services[46]. - The Group's telecommunications network now covers over 2 million households in Hong Kong, enhancing its service reach[46]. Assets and Liabilities - Total assets increased to HK$950,801,000 as of June 30, 2024, compared to HK$945,159,000 at the end of 2023, reflecting a growth of approximately 0.3%[13]. - Total liabilities rose to HK$2,534,457,000, up from HK$2,273,976,000, indicating an increase of approximately 11.5%[13]. - The net gearing ratio improved to -113% from -118%, suggesting a reduction in financial leverage[13][14]. - The carrying amount of interest-bearing borrowings was approximately HK$1,281 million as of June 30, 2024, with 36% maturing within one year[66]. - The total deficit increased from HK$1,329 million as of December 31, 2023, to HK$1,584 million as of June 30, 2024[117]. Cash Flow and Financing Activities - Cash flows from operating activities showed a net cash used of HK$150,949,000 for the six months ended June 30, 2024, compared to HK$113,888,000 for the same period in 2023[111]. - For the six months ended June 30, 2024, net cash from financing activities was HK$244,197,000, an increase of 22.6% compared to HK$198,959,000 in 2023[113]. - The net cash used in investing activities was HK$56,161,000, slightly lower than HK$57,240,000 in the previous year[111]. - The Group's banking facility was renewed in March 2023, with an outstanding loan balance of HK$295 million expected to be rolled over[118]. - Forever Top has provided financial support to the Group, including a commitment to provide up to HK$986 million in unsecured loans over a 12-month period starting June 30, 2024[118]. Strategic Initiatives and Future Plans - The Group is actively exploring new partnership opportunities with other telecommunications operators and data center providers to expand its business scope[51]. - The Group plans to expand network coverage and upgrade its network to provide high-speed Gigabit-capable Passive Optical Network services to enhance competitiveness[72]. - The Group is implementing a strategic transformation plan aimed at enhancing business performance and achieving cost savings[119]. - The Group is working on four drama projects, including a mini-series for a Chinese social media platform and two new genre short series[84]. - The Group aims to promote more locally produced high-quality content and introduce new overseas content to enhance competitiveness[87]. Financial Risk Management - The Group's financial risk management includes market risk factors such as currency risk and interest rate risk[146]. - The Group's financial position remains stable with no significant changes in accounting policies affecting its performance[130]. - The Group's liquidity risk includes contractual cash outflows for additional loans from Celestial Pioneer Limited amounting to HK$240,000,000 with a term of 3 years[149]. Content and Programming - The Group secured broadcasting rights for several international sports events, providing over 600 hours of live broadcasts in the first half of 2024, including the "AFC Asian Cup Qatar" where Hong Kong qualified for the finals for the first time in 55 years[31][33]. - The flagship programme "City Focus" achieved a peak rating of 3.6 in the first half of 2024, following an upgrade to a newly designed virtual studio[39]. - The programme "Let's Feast GBA" achieved an average rating of 3.1 points, with a peak rating of 3.7 points[25]. - The average rating for "Undercover (CNY)" was 4 points, indicating strong viewer engagement[24]. - The Group's sports programming included major events like the "FIVB Women's Volleyball Nations League Hong Kong," which successfully boosted ratings and brand effect[31][33].

Financial Performance - For the six months ending June 30, 2024, the company reported revenue from continuing operations of approximately HKD 277,170,000, an increase from HKD 263,393,000 in the same period last year, representing a growth of about 5%[1] - The company recorded a loss of approximately HKD 255,000,000 for the six months ending June 30, 2024, an increase of about 29% compared to a loss of approximately HKD 197,000,000 in the same period last year[2] - The group's revenue for the six months ended June 30, 2024, increased to approximately HKD 277 million, up from HKD 263 million for the same period in 2023, primarily driven by increased advertising revenue in the media segment[16] - The group reported a loss from continuing operations of HKD 254,929,000 for the six months ended June 30, 2024, compared to a loss of HKD 149,239,000 for the same period in 2023, indicating a deterioration in performance[42] - Basic loss per share from continuing operations was HKD 3.6 for the six months ended June 30, 2024, compared to HKD 2.1 for the same period in 2023[41] Revenue Segmentation - The media segment's revenue from continuing operations increased from approximately HKD 78,000,000 to about HKD 107,000,000, marking a growth of approximately 37%, primarily due to a 39% increase in advertising revenue[2] - The telecommunications segment's revenue decreased from approximately HKD 186,000,000 to about HKD 170,000,000, a decline of approximately 8.6%[2] - The revenue of the digital media segment grew by approximately 49% year-over-year[4] - The telecommunications segment generated revenue of HKD 169,823,000 for the six months ended June 30, 2024, down from HKD 185,576,000 in the same period of 2023, a decrease of 8.5%[69] Customer Metrics - The number of broadband and telephone customers decreased from approximately 172,000 and 60,000 to about 151,000 and 52,000, respectively, reflecting a competitive market environment[2] - The number of active users on hoy.tv reached approximately 380,000 in June 2024, representing an increase of about 82% compared to December 2023[4] - The i-cable.com website recorded approximately 840,000 active users in June 2024, with a peak of over 1.59 million active users during the period[4] - The "HOY" official mobile application has accumulated over 700,000 downloads as of June 30, 2024, a 41% increase from December 2023[4] Cost Management - Total operating expenses decreased by approximately 18% after excluding non-cash impairment losses, compared to the second half of 2023[2] - The company has implemented several cost-saving measures to enhance operational efficiency and performance[2] - The group's service costs for the same period rose by approximately HKD 70 million to about HKD 373 million, with production costs, network expenses, and sales costs increasing by approximately 39%, 11%, and 13% respectively compared to the previous year[16] Digital Transformation and Media Strategy - The company is accelerating the digital transformation of its media platform, leading to simultaneous increases in advertising revenue and advertiser clients[3] - The group broadcasted over 600 hours of international sports events in the first half of the year, including the Asian Cup with 24 participating teams[8] - The group produced a series of programs targeting the Greater Bay Area, including the large-scale Spring Festival variety show "Dragon Rising Bay Area Happy Year" aired in February 2024[7] - The group is one of the designated broadcasters for the 2024 Paris Olympics, producing a series of preview programs related to the event[9] Financial Position and Liabilities - The company’s net asset to debt ratio improved to -113% as of June 30, 2024, compared to -118% in the previous year[1] - Total assets as of June 30, 2024, were approximately HKD 951 million, compared to HKD 945 million as of December 31, 2023, with total liabilities increasing to approximately HKD 2,535 million from HKD 2,274 million[23] - The total liabilities increased to HKD 2,534,457,000 as of June 30, 2024, compared to HKD 2,273,976,000 as of December 31, 2023, reflecting a rise of approximately 11.5%[44] Future Outlook and Strategic Initiatives - The company aims to further expand its commercial customer market as a new revenue driver[3] - The group plans to continue investing in property, plant, and equipment to enhance profitability and shareholder returns[35] - The group is preparing a series of sports-themed projects in anticipation of the Greater Bay Area National Games in 2025, aimed at promoting sports enthusiasm among the public[39] - The company plans to continue its strategic transformation plan to enhance business performance and implement cost-saving measures[49] Governance and Compliance - The company has complied with all applicable provisions of the Corporate Governance Code as of June 30, 2024, with some deviations noted[97] - The Audit Committee, consisting mainly of independent non-executive directors, reviewed the interim financial information for the six months ended June 30, 2024, with no disagreements noted[99]

Business Transformation - In 2023, i-CABLE Communications Limited underwent a significant transformation by surrendering its Pay TV Licence and shifting focus to free-to-air television and multimedia programmes, moving towards an omnimedia direction[12]. - The Group terminated its Pay TV operation effective June 1, 2023, redirecting resources towards the development of an omnimedia platform to adapt to changing audience consumption habits post-pandemic[41]. - The transition to an omnimedia approach was a strategic decision to adapt to changing consumption habits in the post-pandemic era[17]. Management and Leadership - The Group's management change welcomed Mr. TO Chi Hak as the new CEO, aiming to guide the company through a challenging operating environment[13]. - The Group is actively recruiting and nurturing production talents to develop innovative programs targeting diverse audience age groups, aiming to boost viewership ratings and advertising revenue[46]. Digital Media and Audience Engagement - The Group's digital media operations saw significant reforms, enhancing the hoy.tv website and HOY mobile application, which improved live streaming stability and offered a wide range of on-demand videos[19]. - The overall number of users for both the website and mobile application exhibited a consistent upward trend, indicating successful audience engagement[19]. - The Group's digital media platforms, including hoy.tv and the HOY mobile app, underwent comprehensive reforms, resulting in a stable increase in overall user numbers[21]. - As of December 31, 2023, the Group's Facebook pages accumulated over 2.5 million followers, representing a 25% increase compared to 2022, and reached over 34 million users with more than 9 million interactions in 2023[63]. - By December 2023, monthly active users on the hoy.tv website reached 200,000, a year-on-year increase of 6.5%, with a peak of over 600,000 active users recorded in the highest month[110]. - The HOY Mobile App underwent a complete overhaul in August 2023, resulting in over 520,000 cumulative downloads by December 31, 2023, a notable increase of 2.5 times compared to the previous year[111]. - The "i-CABLE News" mobile app achieved over 1.3 million downloads in 2023, reflecting a 13% increase from the previous year, with a steady upward trend in overall user numbers[113]. Advertising and Revenue - The advertising revenue was impacted by a cautious approach from advertisers due to high interest rates and stock market volatility, alongside a trend of "Revenge Travel" among Hong Kong residents[16]. - The Group maintained a creative and adaptable approach in producing programmes to cater to diverse market needs and enhance advertising revenue[16]. - The advertising market is expected to benefit from the recovery of economic activities and inbound tourism in the upcoming year[25]. - In Q3 2023, Hong Kong's economy showed improvement, with increased consumer expenditure leading to higher advertising spending on HOY TV, particularly in food and beverage, health and medicine, tourism, and insurance sectors[49]. - The Group's advertising revenue from real estate, finance, and related trading platforms experienced a slowdown due to a challenging external environment and local stock market volatility[54]. - The popularity of the Asian Games and customized content production by HOY TV successfully boosted program sponsorship and advertising revenue[97][98]. Content Production and Programming - The successful broadcasting of the "19th Asian Games Hangzhou" marked the Group's first large-scale sports event broadcast on free TV, generating excitement and demonstrating the effectiveness of the new business model[18]. - The Group's commitment to enhancing audience viewing experiences through digital media is evident in the successful broadcasting of simultaneous events during the Asian Games[19]. - The Group's diversified content strategy includes various programme types such as variety shows, cooking, lifestyle, and health, aimed at boosting viewership ratings and attracting advertising revenue[64]. - The drama series lineup included popular titles such as "The Legends of Monkey King" and "Lost You Forever Season I," contributing to the Group's diverse content strategy[93]. - The program "Undercover Travel Group 3.0" achieved a peak viewership rating of 4.5, with a YouTube episode exceeding 540,000 views[73]. - The Group produced various travel-related programs, including "Live Offline" and "Macau Miko Tour," enhancing its diversified content offerings[72][75]. - The program "Scam Alert" featured 16 artists reenacting real fraud cases to educate the audience about social fraud[87]. Telecommunications and Infrastructure - The Group's telecommunications business serves over 2 million households in Hong Kong, demonstrating consistent performance[24]. - The Group introduced roaming services for the Greater Bay Area, Asia, and international destinations to meet the growing demand from Hong Kong residents[24]. - The Group's strategic focus includes investing in infrastructure and delivery platforms to enhance service levels and customer convenience[41]. - The Group is actively exploring B2B opportunities and expanding its product portfolio, including venturing into the commercial broadband business and managing optical cabling systems[121]. - The Group's telecommunications network serves over 2 million households in Hong Kong, with ongoing investments in expanding the Gigabit Passive Fiber Network (GPON) for high-speed internet services[119]. Environmental, Social, and Governance (ESG) - The Group's ESG working group validates and confirms key material ESG issues linked to respective aspects and KPIs of the ESG Guide[146]. - Greater emphasis has been placed on ESG issues related to product responsibility, employee safety, supply chain management, and environmental protection[147]. - The Group's environmental impact management includes policies on waste management and energy consumption[6]. - The Group received ISO 9001:2015 and ISO 10002:2018 certifications for quality management and customer satisfaction, which were maintained during the reporting period[156]. - The Group's internal control and risk management systems are continuously evaluated by professional consultants to identify and improve deficiencies[137]. - The Group aims to align its long-term sustainability goals with stakeholder expectations and concerns[140]. Employee and Workplace Safety - The Group is committed to maintaining a healthy and safe workplace, with four health and safety policies established and posted on the intranet[165]. - The injury rate for 2023 was 0.0083, an increase from 0.0068 in 2022, with a total of 531 lost days reported[172]. - The lost days rate for 2023 was 0.0020, compared to 0.0006 in 2022, indicating a rise in workplace incidents[172]. - The absentee rate for 2023 was 0.0204, up from 0.0120 in 2022, reflecting a decline in employee attendance[172]. - The Group organized recreational activities to promote employee well-being, including latte art classes and seasonal food appreciation[174]. Community Engagement and Corporate Social Responsibility - The Group will continue to develop its CSR work in line with its business plans and strategies, relying on employee support[153]. - The Group received the 12th "Junzi Corporation Award" by The Hang Seng University of Hong Kong for its contributions to society[156]. - The Group's customer experience priority includes an efficient system for handling complaints and inquiries, ensuring timely responses[157]. Environmental Impact and Emissions - The Group achieved a 28% reduction in diesel consumption, with 40,152 liters consumed in 2023 compared to 56,094 liters in 2021[139]. - The Group recorded NOx emissions of 0.29 tonnes, down from 0.35 tonnes in 2022, representing a reduction of approximately 17.14%[190]. - PM emissions decreased from 0.034 tonnes in 2022 to 0.027 tonnes in 2023, a reduction of approximately 20.59%[190]. - Total greenhouse gas emissions rose from 4,734 tonnes in 2022 to 5,258 tonnes in 2023, an increase of approximately 11.05%[192]. - The Group produced 16 tonnes of non-hazardous waste in 2023, up from 8 tonnes in 2022, representing a 100% increase[196]. - The Group recycled 4 tonnes of paper in 2023, an increase from 3 tonnes in 2022[199].

Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue from continuing operations increased to approximately HKD 597,898,000 from HKD 562,794,000 in the previous year, representing an increase of about 6.3%[4] - The operating loss for the fiscal year ending December 31, 2023, increased to approximately HKD 427,766,000, up from HKD 325,847,000, indicating a rise in operating expenses[4] - The net loss from continuing operations decreased to approximately HKD 548,000,000, a reduction of about 12% from HKD 623,000,000 in the previous year[4] - The company's total loss for the fiscal year decreased by approximately HKD 297,000,000, a reduction of about 34% compared to the previous year[5] - The basic and diluted loss per share for continuing operations was approximately HKD 0.077, down from HKD 0.087 in the previous year[61] - The total comprehensive loss for the year was HKD 589,274,000, compared to HKD 885,718,000 in the previous year, indicating a year-over-year improvement of about 33.5%[115] - The net loss attributable to equity shareholders was HKD 589,274,000, compared to HKD 885,718,000 in the previous year, showing an improvement of about 33.5%[115] Assets and Liabilities - The total assets of the company as of December 31, 2023, were HKD 945,159,000, compared to HKD 879,494,000 in the previous year, showing an increase of approximately 7.5%[2] - The total liabilities increased significantly to HKD 2,273,976,000 from HKD 1,619,023,000, reflecting a rise in debt levels[2] - The net asset to debt ratio was reported at -118%, improving from -146% in the previous year, indicating a slight reduction in financial leverage[2] - The carrying amount of interest-bearing loans was approximately HKD 1,041 million as of December 31, 2023, up from HKD 591 million as of December 31, 2022[74] - The group's consolidated net liabilities increased to approximately HKD 1,329 million as of December 31, 2023, compared to HKD 740 million as of December 31, 2022[73] Customer Base and Market Trends - The number of broadband and telephone customers decreased to approximately 156,000 and 55,000, respectively, down from 198,000 and 68,000 in the previous year, indicating a decline in customer base[4] - Revenue from the telecommunications segment decreased by approximately HKD 13,000,000 to HKD 386,000,000, down from HKD 399,000,000 in the previous year, due to intense market competition[4] - Despite improvements in the operating environment, local consumer spending has significantly decreased due to economic pressures and increased travel outside Hong Kong[9] - The company has shifted its focus towards free television and multimedia programming after terminating its paid television service, aiming to enhance operational performance[3] Strategic Initiatives - The company terminated its paid television business on June 1, 2023, to focus resources on developing a full media platform in response to changing consumer habits post-pandemic[7] - The company aims to increase advertising revenue by integrating all media platforms and expanding its outreach beyond traditional broadcasting methods[8] - The company is actively developing digital media channels to engage a broader audience and enhance viewer participation[22] - The company is focusing on diverse and community-oriented content to enhance its unique viewing trends on HOY TV[23] - The company plans to invest in properties, facilities, and equipment to enhance profitability and shareholder returns[91] Advertising and Revenue Generation - The company recorded growth in advertising spending on its platform, particularly in sectors like food and beverage, health, and travel, driven by popular self-produced shows[13] - The company secured exclusive broadcasting rights for the 19th Asian Games in Hangzhou, successfully generating new business income and brand impact through innovative collaborations[15] - The group expanded its outdoor screen coverage for the Asian Games to 250 locations, enhancing advertising revenue through partnerships with various organizations[35] - The advertising sales team will provide customized advertising content and cross-platform bundled sales to capture more business opportunities[104] Employee and Operational Changes - As of December 31, 2023, the group had 1,070 full-time employees, a decrease from 1,151 employees as of December 31, 2022[87] - The total salary and related expenses for the year amounted to approximately HKD 409 million, compared to approximately HKD 372 million in the previous year, reflecting an increase of about 10%[87] - The company is committed to nurturing future talents in the sports and broadcasting industry through internship programs[19] Future Outlook - The year 2024 is expected to be crucial for the group's transformation to free TV and multimedia operations, with a focus on innovative content marketing strategies[92] - The recovery of economic activities and inbound tourism in the Greater Bay Area is anticipated to positively impact the advertising market in 2024[103] - The company plans to enhance its digital platform's streaming volume and quality, providing more diverse and attractive content and advertising options[99] Financial Management and Governance - The company has adhered to the principles of good corporate governance and complied with all applicable provisions of the Corporate Governance Code as of December 31, 2023[196] - The company’s board of directors has ensured effective communication with shareholders during the annual general meeting held on June 16, 2023, despite the absence of some key members[197] - The company has not reported any significant events affecting its financial performance or compliance with relevant laws and regulations as of December 31, 2023[113]