Corporate Strategy and Governance - The company aims to become Asia's best-in-class integrator of the movie entertainment industry[1]. - The strategy focuses on enlarging and strengthening the theatrical exhibition network as the top priority for shareholder value[2]. - The company is committed to enhancing synergy by integrating its distribution business[3]. - The company plans to participate in film production with minimal risks to benefit its distribution and exhibition business[3]. - The new CEO, Fiona Chow, was appointed on April 11, 2023, following the resignation of the previous CEO[6]. - The company emphasizes responsible practices for maximizing shareholder value while benefiting society[2]. - The company is dedicated to continuous improvement and innovation in its offerings to customers[3]. - The company has a strong governance structure with a diverse board of directors[10]. - The company maintains transparency and integrity in its business dealings with partners[3]. - Ms. Chow has been appointed as Co-CEO since April 11, 2023, responsible for corporate strategy and M&A in non-mainland China[19]. - Mr. Peng has been appointed as Co-CFO since April 11, 2023, previously serving as finance director for the China operation[22]. - The management team has extensive experience in finance and corporate strategy, with qualifications from prestigious institutions such as Wharton and Cornell[23]. - The company has adopted a corporate governance code that complies with the Model Code for Securities Transactions by Directors, ensuring all directors confirmed compliance for the year ended December 31, 2023[141]. - The Board of Directors consists of five executive directors and three independent non-executive directors, with regular meetings held to oversee business management and financial performance[142][143]. - The company emphasizes the importance of good corporate governance for sustainable development and has established governance practices tailored to its needs[136]. - The Board is responsible for approving the Group's annual results, budgets, and significant operational transactions, ensuring strategic oversight[143]. - The company has implemented measures for employee engagement, retention, and training as part of its corporate culture initiatives[137]. - Directors have unrestricted access to relevant information and can seek independent professional advice at the company's expense[144][149]. - The company has secured appropriate insurance coverage for directors' liabilities arising from legal actions related to corporate activities[145][150]. - The corporate governance report indicates compliance with the governance code, with the exception of provision F.2.2 regarding the Chairman's attendance at the AGM[138]. - The Board reviewed the effectiveness of the internal controls and risk management systems during the year[168]. - The Chairman, Mr. Wu, ensures that all Directors receive timely and reliable information regarding the Group's affairs[169]. - The CEO is responsible for implementing objectives, policies, and strategies approved by the Board, focusing on corporate strategy and mergers and acquisitions[170]. - The Company Secretary confirmed that she completed no less than 15 hours of relevant professional training for the year ended December 31, 2023[179]. - The Board met the requirements of having at least three independent non-executive Directors, representing at least one-third of the Board[177]. - All independent non-executive Directors confirmed their independence according to the criteria set out in the Listing Rules[178]. - The Company has established three committees: Audit Committee, Nomination Committee, and Remuneration Committee, each with defined terms of reference[180]. - The Company encourages continuous professional development for all Directors to enhance their knowledge and skills[164]. - The Board ensures compliance with legal and regulatory requirements through regular reviews of policies and practices[175]. - The independent non-executive Directors provide independent judgment on strategy, policy, and performance, contributing to the Company's growth[176]. - As of December 31, 2023, the Audit Committee comprised three independent non-executive Directors, ensuring compliance with Listing Rules[185]. - The Audit Committee held two meetings during the year, with all members attending both sessions, demonstrating strong oversight[188]. - The principal duties of the Audit Committee include monitoring the integrity of financial statements and reviewing the effectiveness of financial control and risk management systems[189]. - The Remuneration Committee, established on October 8, 2004, includes one executive Director and two independent non-executive Directors, focusing on remuneration policies for Directors and senior management[195]. - The Remuneration Committee held one meeting during the year to review and recommend remuneration packages for individual executive Directors[197]. - The company confirmed compliance with the requirement of having at least three members in the Audit Committee, all being non-executive Directors[194]. - Anti-corruption and whistleblowing policies were established during the year to promote a healthy corporate culture and governance practices[190]. - The company secretary confirmed receiving no less than 15 hours of relevant professional training during the year[182]. - Independent non-executive Directors play a crucial role in providing independent opinions on strategy, policy, and company performance[181]. - The company has established clear written terms of reference for its committees, ensuring transparency and accountability[183]. - The Compensation Committee held one meeting for the year ending December 31, 2023, to review the remuneration of individual executive directors[200]. - The Compensation Committee recommended opinions to the Board regarding the remuneration of executive directors[200]. - The Compensation Committee reviewed and approved the service contract terms for executive directors[200]. Financial Performance - The Group's consolidated revenue increased by 15% to HK$799.8 million in 2023, up from HK$696.0 million in 2022, with total admissions rising by 20%[45]. - Gross profit for the year amounted to HK$518.3 million, representing a 15% increase compared to HK$449.1 million in 2022[45]. - Loss attributable to equity holders reduced by 12% to HK$90 million, down from HK$102 million in 2022, excluding one-off profit from the disposal of a Hong Kong office property[46]. - The Group's revenue increased by 15% to HK$799.8 million in 2023, up from HK$696.0 million in 2022[62]. - The Group's film distribution and production business recorded revenue of HK$39.1 million in 2023, a 7% increase from HK$36.4 million in 2022[99]. - As of December 31, 2023, the Group's total cash and bank balances amounted to HK$160.3 million, down from HK$291.5 million in 2022[109]. - The Group's net debt increased from HK$217.1 million as of December 31, 2022, to HK$279.1 million as of December 31, 2023[109]. - The gearing ratio stood at 12.8% as of December 31, 2023, compared to 14.4% in the previous year[110]. - The Group's net loss attributable to equity holders was HK$90.4 million, compared to a loss of HK$46.1 million in the previous year[107]. - The Group's net assets reached HKD 1.4613 billion, with total cash and bank balances amounting to HKD 160.3 million, a decrease from HKD 291.5 million in 2022[113]. - The Group's debt-to-asset ratio remained stable at 12.8%, down from 14.4% in the previous year, while the net debt-to-asset ratio increased to 8.1% from 6.1%[113]. Market Expansion and Operations - The company has a strong focus on expanding its theatrical exhibition business in China, which is a key area of development[19]. - The company is actively pursuing mergers and acquisitions to enhance its market position and operational capabilities[19]. - The company aims to leverage its expertise in film and television production to drive growth in the entertainment sector[19]. - The Group plans to adopt a prudently conservative approach to operations and expansion despite increased revenues, focusing on developing cinemas into integrated lifestyle hubs[50]. - The Group will seek suitable investment opportunities in regional media, entertainment, technology, and lifestyle sectors to create synergies with existing businesses[50]. - Continuous evaluation of various strategic opportunities that may benefit the Group will be conducted[50]. - The film and cinema industry remains a unique entertainment experience, and the Group aims to build competitive advantages through innovative offerings[50]. - The Group acknowledges the support of shareholders, customers, and business partners, emphasizing the importance of collaboration for sustainable development[53]. - The Group plans to open 2 new cinemas with 33 screens in Taiwan during 2024 and 2025, expanding its entertainment offerings[63]. - The first 360 stage was opened in Suzhou in the second half of 2023, featuring advanced technology for a unique theatrical experience[64]. - The Group closed 1 cinema with 2 screens in Hong Kong but opened 2 cinemas with 10 screens in Singapore and 1 cinema with 14 screens in Taiwan during the year[63]. - The Group plans to open two new cinemas with a total of 33 screens in Taiwan between 2024 and 2025, aiming to increase market share[96]. - In Mainland China, the Group has signed agreements to operate 4 stages, with the first stage opening in Suzhou in the second half of 2023, and further stages expected to open from 2024[120]. - The Group will gradually increase the frequency of live Japanese and Korean mini-concerts to maximize average ticket prices as part of its revenue enhancement strategy[117]. - The Group will convert existing cinemas into integrated lifestyle hubs and introduce creative product offerings, such as toy merchandise, to attract customers in Singapore[118]. - The Group employed 441 permanent employees as of December 31, 2023, an increase from 374 in 2022, reflecting growth in operational capacity[126]. Audience Engagement and Revenue Diversification - The Group remains committed to diversifying revenue streams through alternative content and e-commerce initiatives[87]. - Golden Village is expanding its offerings to include integrated entertainment hubs featuring live music and e-sports, enhancing customer experience[86]. - The average ticket price decreased from HK$69 to HK$68 across Hong Kong, Singapore, and Taiwan[70]. - The major Hollywood blockbusters contributing to the box office included titles like "Ant-Man and the Wasp: Quantumania" and "Oppenheimer" among others[71]. - Golden Village reported net box office receipts of S$61.4 million for 2023, a 9% increase from S$56.2 million in 2022, driven by a 6% rise in admissions to 5.0 million[85]. - Concessions income for Golden Village increased by 7% to S$26.6 million in 2023, up from S$24.8 million in 2022, reflecting higher admissions and box office receipts[85]. - The average net ticket price improved by 3% to S$12.4 in 2023 from S$12.0 in 2022[87]. - In Taiwan, Vie Show Cinemas operates 18 cinemas with 196 screens, holding a 44% market share of the total box office in 2023[93]. - Vie Show's net box office receipts reached NTD 3.1 billion in 2023, a 27.2% increase from NTD 2.5 billion in 2022, attributed to higher admissions of 11.8 million[94]. - The Group's Singapore operations recorded a segmental profit of HK$48.9 million for the year ended December 31, 2023, compared to HK$31.2 million in 2022[85].

Financial Performance - Revenue increased by 15% from HKD 696 million in 2022 to HKD 800 million in 2023, driven by the recovery of operations in Hong Kong and Singapore's film industry [2]. - Gross profit rose by 15% from HKD 449 million in 2022 to HKD 518 million in 2023, with a stable gross profit margin of 65% [3]. - Loss attributable to equity holders increased from HKD 46 million in 2022 to HKD 90 million in 2023, primarily due to the absence of extraordinary income from property sales in Hong Kong [3]. - Total comprehensive income for the year was a loss of HKD 90.4 million, compared to a loss of HKD 46.1 million in the previous year [7]. - Basic loss per share increased from HKD 1.65 in 2022 to HKD 3.23 in 2023, reflecting the higher losses incurred [5]. - The company recorded an impairment loss of HKD 18.1 million on non-financial assets in 2023, compared to HKD 1.1 million in 2022 [3]. - Other income increased from HKD 35.8 million in 2022 to HKD 47.4 million in 2023, indicating growth in ancillary revenue streams [5]. - The group reported a loss of HKD 90,401,000 for the year ending December 31, 2023 [15]. - Total comprehensive income for the year was (HKD 56,186,000), compared to (HKD 26,991,000) in the previous year, indicating a significant decline [8]. - The group’s net loss attributable to shareholders was HKD 90.4 million in 2023, compared to a loss of HKD 46.1 million in 2022 [70]. Financial Position - The debt-to-asset ratio improved to 12.8% in 2023 from 14.4% in 2022, indicating better financial stability [3]. - Total assets amounted to HKD 3,157,276,000, an increase from HKD 3,032,702,000 year-over-year [10]. - The company reported a total equity attributable to shareholders of HKD 1,462,552,000, down from HKD 1,518,758,000 in the previous year [11]. - The company's cash and cash equivalents decreased to HKD 124,773,000 from HKD 283,553,000, reflecting a liquidity challenge [10]. - The total liabilities increased to HKD 554,945,000 from HKD 904,649,000, indicating a reduction in financial obligations [10]. - The company reported a net current liability of (HKD 284,953,000), an improvement from (HKD 405,443,000) in the previous year [11]. - The group’s financial position remains stable despite the changes in accounting policies and guidelines, as the overall deferred tax balance complies with the relevant standards [25]. - As of December 31, 2023, the group's net current liabilities amounted to HKD 284,953,000, including bank loans payable within 12 months of HKD 104,306,000 [15]. - The total cash and cash equivalents, along with pledged deposits, were HKD 160,280,000 as of December 31, 2023, which may not be sufficient to meet future operational funding, capital expenditures, and financing requirements [90]. Market and Operational Strategy - The company plans to focus on expanding its market presence and enhancing operational efficiency in the upcoming fiscal year [4]. - The group is exploring new strategies for market expansion and product development to enhance future performance [8]. - The group plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge [35]. - The group plans to open two additional cinemas in Taiwan with a total of 33 screens between 2024 and 2025 [50]. - The group is expanding its cinema operations to include integrated entertainment hubs, offering live music, esports, collectibles, and dining [50]. - The group plans to open two new cinemas with a total of 33 screens in Taiwan between 2024 and 2025, further increasing market share [64]. - The group aims to gradually increase the frequency of small concerts in Japan and South Korea to enhance average ticket prices [75]. - The group will continue to seek expansion opportunities in Singapore while transforming existing cinemas into lifestyle hubs [76]. Revenue Sources and Performance - Revenue sources include film screening, distribution, and advertising services, with significant contributions from operations in Hong Kong, Mainland China, Singapore, and Taiwan [29][31]. - The film exhibition business remains the primary revenue source, accounting for 96% of total segment revenue as of December 31, 2023 [52]. - Film exhibition revenue increased by 15% to HKD 1.1888 billion, driven by a 20% increase in total attendance from 15.7 million in 2022 to 18.8 million in 2023 [52]. - The revenue from movie screenings in Hong Kong was HKD 176,285 thousand in 2023, compared to HKD 171,946 thousand in 2022, showing a growth of about 2% [35]. - Revenue from the China market for movie screenings increased to HKD 614,978 thousand in 2023 from HKD 539,300 thousand in 2022, marking a rise of approximately 14% [35]. - The revenue from the Singapore market was HKD 12,463 thousand in 2023, a slight increase from HKD 226 thousand in 2022 [35]. - The group’s revenue from the Taiwan market was HKD 399,942 thousand in 2023, up from HKD 327,728 thousand in 2022, showing an increase of approximately 22% [35]. - The group’s consolidated revenue increased by 15% to HKD 799.8 million in 2023, compared to HKD 696 million in 2022, driven by a 20% increase in total attendance [68]. Governance and Compliance - The company has established an audit committee to evaluate financial statements and oversee internal controls as per corporate governance guidelines [85]. - The audit committee reviewed the internal control system and the financial statements for the year ending December 31, 2023 [85]. - The company has complied with corporate governance guidelines, except for the requirement that the chairman of the board must attend the annual general meeting [84]. - The independent auditor confirmed that the financial statements reflect the company's financial position as of December 31, 2023, in accordance with Hong Kong Financial Reporting Standards [89]. - The company acknowledges significant uncertainty regarding its ability to continue as a going concern due to the reported losses and current liabilities [90]. Future Outlook - The group believes that if the aforementioned measures are successful, it will be able to meet its financial obligations as they fall due [19]. - The board expressed gratitude to the management and employees for their efforts and contributions to the company's development [92]. - The annual report for the year ending December 31, 2023, will be sent to shareholders and published on the company's website [91].

智通财经APP讯，橙天嘉禾(01132)发布公告，集团预期于截至2023年12月31日止年度取得股东应占亏损净额不少于9000万港元，而截至2022年12月31日止年度的亏损净额则为4600万港元。 董事会认为，2023年度股东应占亏损净额增加主要由于以下各项的净影响所致：2022年度集团出售香港办公室物业的非经常性净收益5600万港元，而2023年度并无取得有关收益;2023年度非金融资产的减值亏损，被2023年年度汇兑亏损减少抵销。 ...

智通财经APP获悉，橙天嘉禾(01132)早盘一度飙升逾100%，截至发稿，涨71.43%，报0.072港元，成交额400.96万港元。 消息面上，今日有媒体报道引述消息人士称，橙天嘉禾正考虑出售其在新加坡和中国台湾的戏院，并寻求至少4亿美元的资产估值，目前公司正与顾问就可能的撤资事宜进行合作，并与潜在投资者进行了接触。报道还称，橙天嘉禾也可能考虑出售在中国香港的电影院，具体出售项目将取决于投资者的反应。 ...

Revenue and Admissions - The group's revenue increased by 21% to HKD 396.2 million for the six months ended June 30, 2023, compared to HKD 328.2 million in the same period last year[5]. - Total admissions rose by 30% from 7.7 million to 9.9 million for the six months ended June 30, 2023[8]. - In Hong Kong, box office revenue surged by 96% to HKD 79 million, up from HKD 40 million in the previous year[10]. - Singapore operations contributed 49% of the group's total revenue, maintaining a market leadership position with 15 cinemas and 119 screens[11]. - The average ticket price in Singapore increased to SGD 12.5, up from SGD 11.9, compensating for a slight decline in admissions[11]. - In Taiwan, the number of admissions rose to 6.4 million, up from 4.6 million, contributing to a 41% increase in net box office revenue to TWD 1.7 billion[14]. - Revenue from movie screenings reached HKD 620,002,000, up 22.9% from HKD 504,710,000 in the prior year[66]. Financial Performance - The group's gross profit increased by 23% to HKD 256.6 million, with a gross margin rising from 64% to 65%[18]. - The group’s EBITDA for the first half of 2023 was HKD 37.4 million, significantly up from HKD 14.7 million in the same period last year[19]. - The company reported a net loss of HKD 24,350,000 for the six months ended June 30, 2023, compared to a net loss of HKD 10,854,000 in the prior year, indicating a significant increase in losses[39]. - Basic and diluted loss per share was HKD 0.87, compared to HKD 0.39 in the same period last year[38]. - The adjusted operating profit for the group was HKD 23,950,000, compared to a loss of HKD 16,762,000 in the previous year, indicating a significant turnaround[66]. - The group reported a loss before tax of HKD 17,791,000 for the six months ended June 30, 2023, compared to a loss of HKD 9,951,000 in the same period last year[72]. Expansion Plans - The group plans to open four new cinemas in Hong Kong, Singapore, and Taiwan over the next two years[5]. - The first 360-degree cinema in Suzhou is expected to open in the second half of 2023, enhancing the entertainment experience[5]. - The group plans to open 1 new cinema with 6 screens in Singapore in the second half of 2023, continuing to seek expansion opportunities[27]. - The group plans to open three new cinemas with a total of 47 screens in Taiwan between 2023 and 2025, further increasing market share[15]. - The group continues to expand its Gold Class premium cinema offerings to meet changing consumer preferences post-pandemic[1]. Debt and Liquidity - The net debt increased from HKD 217.1 million to HKD 266.4 million due to prepayment of bank loans[21]. - The group reported a current liability exceeding current assets by HKD 462,467,000 as of June 30, 2023, but continues to prepare financial reports on a going concern basis due to bank waivers received post-reporting period[57]. - The board believes that the group's operating activities are expected to generate sufficient cash flow to meet financial obligations due within the next twelve months[58]. - The group’s strong liquidity position allows it to pursue acquisition opportunities in the entertainment, technology, and lifestyle sectors[29]. Employee and Management - The group has employed 419 full-time employees as of June 30, 2023, an increase from 374 employees as of December 31, 2022[30]. - Management compensation for the six months ended June 30, 2023, totaled HKD 8,313,000, a decrease from HKD 12,036,000 in the same period of 2022[108]. Corporate Governance - The audit committee reviewed the accounting principles and practices adopted by the group and had no objections to the accounting treatments applied for the interim financial report for the six months ended June 30, 2023[125]. - The company complied with the corporate governance code during the period, except for the requirement that the chairman of the board must attend the annual general meeting, which was not met due to other commitments[127]. - The board of directors consists of a chairman and several executive and independent non-executive directors, ensuring a diverse governance structure[113]. Other Financial Metrics - The company's total equity decreased to HKD 1,495,277,000 as of June 30, 2023, from HKD 1,517,492,000 at the end of 2022[45]. - The company recorded a foreign exchange gain of HKD 2,135,000 during the period, compared to a loss of HKD 24,724,000 in the previous year[39]. - The company’s cash and cash equivalents decreased to HKD 184,345,000 from HKD 283,553,000 at the end of 2022[41]. - The company did not report any income from the sale of non-current assets during the six months ended June 30, 2023, compared to HKD 217,401,000 in the same period last year[51].

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致之任何 損失承擔任何責任。 ORANGE SKY GOLDEN HARVEST ENTERTAINMENT (HOLDINGS) LIMITED 橙 天 嘉 禾 娛 樂（ 集 團 ）有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：1132） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 之 中 期 業 績 公 佈 截至二零二 三年六月三十日止六個月業績 摘要 二零二三年 二零二二年 變動 百萬港元 百萬港元 百萬港元 % 本集團 收益 396 328 68 21% 毛利 257 209 48 23% 除稅前虧損 (18) (10) (8) 79% 股權持有人應佔虧損 (24) (11) (13) 124% 每股虧損 (0.87)港仙 (0.39)港仙 • 收益由3.282億港元增加21%至3.962億港元，主要由於香港及新加坡於 二零二二年起放寬社交距離措施及COVID後的經濟復甦所致。 ...

Company Strategy and Vision - The company aims to become Asia's best-in-class integrator of the movie entertainment industry[1] - The strategy focuses on enlarging and strengthening the theatrical exhibition network as the top priority for shareholder value[2] - The company plans to enhance synergy by integrating its distribution business[3] - The company is committed to participating in film production with minimal risks to benefit its distribution and exhibition business[3] - The company emphasizes responsible practices for maximizing shareholder value and societal betterment[2] - The company has a clear vision to inspire and enrich life through excellent movie experiences[1] - The company is dedicated to continuous innovation in its offerings to customers[3] - The company is committed to expanding its market presence, particularly in the Chinese cinema sector, which is a key growth area[19] Leadership and Management - The new CEO, Fiona Chow, was appointed on April 11, 2023, following the resignation of the previous CEO[6] - Ms. Chow has been appointed as COO since April 24, 2015, managing the exhibition businesses across all territories[15] - Mr. Peng has been the finance director of the China operation since September 9, 2019, with prior experience in investment banking and advisory roles[23] - The company has a strong leadership team with extensive experience in finance, project finance, and corporate finance, including Mr. Leung with over 30 years in the field[24] - The leadership team includes members with advanced degrees in finance and business management, enhancing the company's strategic decision-making[20] - The company has undergone leadership changes to adapt to market demands, with key executives transitioning roles to focus on core business areas[19] Financial Performance - The Group's full year revenue for 2022 increased by 35% year-on-year to HK$696 million, up from HK$515 million in 2021[45] - The gross profit margin improved to over 65% above pre-COVID levels, reflecting effective cost-saving initiatives[46] - The Group recorded a significant reduction in loss attributable to equity holders, down 85% to HK$46 million from HK$314 million in 2021[50] - The Group's consolidated revenue increased by 35% to HK$696.0 million in 2022, compared to HK$514.9 million in 2021, with total admissions up by 21%[107] - Gross profit for the year amounted to HK$449.1 million, a 40% increase from HK$321.6 million in 2021[108] - Loss attributable to equity holders reduced by 85% to HK$46.1 million in 2022 from HK$314.2 million in 2021, indicating significant improvement[114] Market Expansion and Operations - The Group plans to open 4 new cinemas in Singapore and Taiwan in 2023 and 2024 to expand market share[52] - The first 360 theatre in Suzhou is expected to open in 2023, featuring advanced rotating auditoriums and local Chinese stories[53] - The Group's cinema network includes 41 cinemas and 331 screens across Hong Kong, Singapore, and Taiwan as of December 31, 2022[73] - The Group plans to open a new 8-screen cinema in Singapore in the first half of 2023 and is looking for further expansion opportunities[129] - In Taiwan, the group expects to open 3 new cinemas in 2023 and 2024, aiming to enhance its market leadership[130] Corporate Governance - The company has a strong commitment to compliance with rules and internal regulations[3] - The company has maintained compliance with the corporate governance code, with minor exceptions due to COVID-19 related restrictions[146] - The Board is collectively responsible for overseeing the management of the business and meets regularly to discuss overall strategies and financial performance[151] - The independent non-executive Directors represent at least one-third of the Board, meeting the requirements of the Listing Rules[178] - The Audit Committee's principal duties include monitoring the integrity of financial statements and reviewing the effectiveness of financial control and risk management systems[194] Employee Engagement and Culture - The company has established a framework for employee engagement, retention, and training as part of its corporate culture[145] - The company has implemented appropriate insurance coverage for Directors' liabilities arising from legal actions related to corporate activities[158] - The Company Secretary confirmed that she had taken no less than 15 hours of relevant professional training for the year ended December 31, 2022[180] Financial Health and Debt Management - The Group's net debt decreased from HK$316.8 million as of December 31, 2021, to HK$217.1 million as of December 31, 2022[120] - The gearing ratio improved to 14.4% as of December 31, 2022, down from 24.4% in the previous year[121] - The net debt-to-equity ratio stands at 6.1%, improved from 7.3% in the previous year, while the cash-to-bank loan ratio is at 57.3%, down from 70.2%[124]

香港交易及結算所有限公司以及香港聯合交易所有限公司對本公佈之內 容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不 就因本公佈全部或任何部分內容而產生或因倚賴該等內容而引致之任何 損失承擔任何責任。 ORANGE SKY GOLDEN HARVEST ENTERTAINMENT (HOLDINGS) LIMITED 橙 天 嘉 禾 娛 樂（ 集 團 ）有 限 公 司* （於百慕達註冊成立之有限公司） （股份代號：1132） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 之 全 年 業 績 公 佈 截至二零二二年十二月三十一日止年度業績 摘要 二零二二年 二零二一年 變動 百萬港元 百萬港元 百萬港元 % 本集團 收益 696 515 181 35% 毛利 449 322 127 40% 除稅前虧損 (47) (331) 284 (86%) 股權持有人應佔虧損 (46) (314) 268 (85%) 每股虧損 (1.65)港仙 (11.22)港仙 • 收益由二零二一年5.149億港元增加35%至二零二二年6.960億港元，乃 由 於 年 內 隨 著 荷 里 活 猛 片 上 映 ...

Cinema Operations - The company operates 40 cinemas with a total of 322 screens across Hong Kong, Singapore, and Taiwan as of June 30, 2022[27]. - The company plans to open five new cinemas in Hong Kong, Singapore, and Taiwan over the next two years[23]. - The company is set to launch its first 360 cinema in Suzhou, China in the second half of 2022, with three additional cinemas planned for 2023[23]. - The cinema operations in Singapore showed strong recovery post-COVID-19 restrictions[23]. - The company aims to expand its cinema offerings to include live entertainment, esports, and dining experiences[23]. - The group plans to open 8 new cinemas in Singapore in the second half of 2022 and is actively seeking further expansion opportunities[45]. Financial Performance - The company's revenue increased by 73% to HKD 328.2 million for the period, compared to HKD 190.1 million in the same period last year[39]. - The group’s revenue for the six months ended June 30, 2022, was HKD 520,124,000, compared to HKD 356,970,000 for the same period in 2021, representing a year-over-year increase of approximately 45.5%[97]. - The group recorded a loss attributable to equity holders of HKD 10.9 million, significantly reduced from a loss of HKD 179.5 million in the same period last year[40]. - The net loss for the period was HKD 10,854,000, a significant improvement compared to a net loss of HKD 179,528,000 in the previous year[64]. - The total comprehensive loss for the period was HKD 35,578,000, compared to HKD 199,836,000 for the same period in 2021, reflecting a reduction of 82.2%[64]. - The group reported a loss before tax of HKD 16,762,000 for the six months ended June 30, 2022, significantly improved from a loss of HKD 96,280,000 in the same period of the previous year[101]. Attendance and Ticket Sales - The total attendance increased by 41% from 5.4 million to 7.6 million during the reporting period[29]. - Average ticket price rose by 4% from HKD 66.9 to HKD 69.6[29]. - Singapore's net box office revenue rose by 84% to SGD 30 million, up from SGD 16.4 million in the previous year[34]. - The average net ticket price in Singapore improved by 8% to SGD 11.9, compared to SGD 11.0 in the same period last year[34]. - The number of admissions in Hong Kong reached 500,000, slightly higher than the previous year's figure despite longer cinema closures[5]. Profitability and Margins - The gross profit margin increased from 61% to 64%, with gross profit rising by 80% to HKD 209.3 million[39]. - The gross profit for the same period was HKD 209,287,000, up from HKD 116,332,000, indicating an increase of 79.9%[61]. - The cost of services provided increased to HKD 101,454,000, up from HKD 64,273,000, indicating a rise of approximately 57.9% year-over-year[104]. Debt and Liquidity - The total outstanding bank loans were HKD 764.9 million, down from HKD 1.0621 billion as of December 31, 2021, resulting in a net debt of HKD 140.5 million[43]. - The group has a strong liquidity position, allowing it to support ongoing cinema projects and potential acquisitions in the entertainment sector[43]. - As of June 30, 2022, the group's bank loans amounted to HKD 764,911,000, raising concerns about the ability to meet liquidity needs[57]. - The group is exploring investment opportunities in regional media, entertainment, technology, and lifestyle sectors to create synergies and enhance shareholder value[49]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2022, consistent with no dividend in the previous year[141]. - The total equity attributable to equity holders of the company was HKD 1,510,225, down from HKD 1,545,860, reflecting a decrease of approximately 2.3%[72]. - The company has a remaining consideration of RMB 300,000,000 held in escrow related to the sale of a subsidiary, contingent upon debt adjustments and negotiations regarding new lease agreements[152]. Legal and Compliance - The company is involved in ongoing legal disputes regarding claims amounting to RMB 380,000,000 related to the sale of a subsidiary, which the board believes has a minimal chance of resulting in a liability[153]. - The company has complied with the corporate governance code, except for provisions C.1.6 and F.2.2 due to COVID-19 travel restrictions[185]. - All directors confirmed compliance with the standard code of conduct during the period ended June 30, 2022[187]. Operational Improvements - The group is implementing various strategies to improve operational cash inflows, including enhancing revenue from film screenings, distribution, and production[88]. - The company is actively seeking to improve cash flow from operations and other sources to address liquidity concerns[57]. - The group aims to enhance its cinema experience by transforming existing cinemas into lifestyle hubs featuring merchandise, dining, and live events[45].

Golden Harvest Orange Sky Golden Harvest Entertainment (Holdings) Limited 橙天嘉禾娛樂(集團)有限公司 (Incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (Stock Code 股份代號 : 1132) 9 House B // 國際電影 vil F DOLL 00000 ... . ....... 0 0 D D D 0 0 0000 0 0 0 0 0 8 0 0 0 0 | --- | --- | --- | --- | |---------------------------------------------------|-------|------------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ...