行业估值方面，媒体及娱乐行业市盈率（TTM）平均值为-5.52倍，行业中值-1.04倍。智数科技集团市 盈率-1.51倍，行业排名第93位；其他华视集团控股（01111.HK）为1.74倍、耀星科技集团 （08446.HK）为2.59倍、瓦普思瑞元宇宙（08093.HK）为3.08倍、国恩控股（08121.HK）为3.38倍、 HYPEBEAST（00150.HK）为6.6倍。 5月13日，截至港股收盘，恒生指数下跌1.87%，报23108.27点。智数科技集团（01159.HK）收报1.46港 元/股，上涨235.63%，成交量1449.46万股，成交额2584.3万港元，振幅542.53%。 最近一个月来，智数科技集团累计跌幅16.35%，今年来累计跌幅65.2%，跑输恒生指数17.4%的涨幅。 财务数据显示，截至2024年12月31日，智数科技集团实现营业总收入3738.33万元，同比减少49.75%； 归母净利润-2628.29万元，同比增长37.92%；资产负债率186.28%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 资料显示，智数科技集团有限公司滋生于内容,成就于内容。伟大的内容来自 ...

Financial Performance - Revenue and gross profit from the media and culture business for 2024 were approximately HK$40.4 million, compared to HK$80.3 million and HK$15.1 million in 2023, indicating a significant decline[14]. - The Group reported a net loss attributable to owners of the Company of approximately HK$28.4 million for the year ended December 31, 2024, an improvement from a net loss of approximately HK$45.7 million in 2023[14]. - Basic loss per share for the year amounted to approximately 28.89 HK$ cents, down from approximately 55.51 HK$ cents in 2023[15]. - The net deficit of the Group was approximately HK$382.0 million, slightly increased from approximately HK$378.3 million in 2023[15]. - The ongoing impact of the COVID-19 pandemic and the 2023 strikes by the Writers Guild of America and Screen Actors Guild have negatively affected the Group's financial performance and project timelines[38][41]. - The Group's revenue from media and culture business for the year ended December 31, 2024, was approximately HK$40.4 million, a decrease from approximately HK$80.3 million in 2023[79]. - The gross profit for the media and culture business was approximately HK$40.4 million in 2024, compared to approximately HK$15.1 million in 2023[79]. - The company reported a net loss of approximately HK$382.0 million for the year ended December 31, 2024, compared to a net loss of approximately HK$378.3 million in 2023[113]. Strategic Initiatives - The Company plans to utilize its existing Hollywood intellectual property resources to develop metaverse businesses and expand cross-border e-commerce operations, with expected commencement around 2025[24][25]. - A strategic cooperation framework agreement was signed with Greenland Digital Technology Co., Ltd to enhance development in metaverse business and digital product platform construction[25][26]. - The Group aims to diversify its business in new energy and energy storage technology through the recent cooperation agreements, which are expected to broaden the revenue base and increase shareholder returns[31][34]. - The Group entered into a strategic cooperation framework agreement with Green Digital Technology Limited to enhance its metaverse business and expand its cross-border e-commerce operations, expected to commence around 2025[27][28]. - Another strategic cooperation framework agreement was signed with a high-tech enterprise in China focused on developing energy storage systems using artificial intelligence, with business expected to start in or around 2025[30][34]. - The Group is actively reviewing the future prospects of its other business segments while exploring new market opportunities in Mainland China[32][35]. - The Group's projects will explore financing through international sales, tax refunds, and derivative applications in the metaverse[77]. - The Group's strategy includes retaining copyright to establish a new ecosystem for monetization[78]. Film and Media Projects - The film "Scary Stories to Tell in the Dark" was produced for $25 million and earned $21 million at the domestic box office in its opening weekend, with a worldwide gross of $104,545,505 to date[52][55]. - "Midway" had a total investment budget of nearly $100 million and achieved over $30 million in overseas pre-sales, excluding the Greater China region[50]. - "Malignant" received a 76% rating on the Tomatometer and an IMDb rating of 6.3/10, indicating a mixed reception from critics and audiences[59][61]. - "Malignant" won the ReFrame Stamp for Best Feature at ReFrame 2022 and was nominated for several awards, showcasing its recognition in the industry[60]. - "Midway" grossed $126,696,475 globally, achieving box office success as it debuted at number one in North America[51]. - "Scary Stories to Tell in the Dark" was co-financed by CBS Films, eOne, and Rolling Hills, indicating a collaborative investment strategy[52]. - The film "Malignant" was released simultaneously in theaters and on HBO Max, reflecting a dual distribution strategy[53]. - "Malignant" was directed by James Wan, known for his expertise in horror films, which may have contributed to its marketing appeal[59]. - "Scary Stories to Tell in the Dark" was adapted from a bestselling series, leveraging existing intellectual property for audience engagement[52]. - "Midway" is based on a true story from World War II, which may enhance its historical significance and audience interest[50]. Corporate Governance - The Company complied with all applicable provisions of the Corporate Governance Code for the year ended December 31, 2024[136]. - The Board is comprised of five Executive Directors and three Independent Non-executive Directors, ensuring a balanced governance structure[144]. - Regular Board meetings are held at least four times annually, with additional meetings as necessary, ensuring effective oversight[146]. - Independent Non-executive Directors provide strong support and confirm their independence annually, aligning with regulatory requirements[145]. - Directors are encouraged to participate in continuous professional development activities, confirming compliance with training provisions[156]. - The Board has reserved decision-making on corporate strategy, annual results, and major acquisitions, ensuring strategic oversight[152]. - Directors are subject to retirement by rotation and re-election at the annual general meeting, promoting accountability[154]. - The Company Secretary is responsible for maintaining minutes of all Board meetings, ensuring transparency and accountability[146]. - The Board met at least once without the presence of executive Directors to discuss governance matters, enhancing independence[150]. - The Company has adopted a comprehensive approach to corporate governance, focusing on compliance with legal and regulatory requirements[138]. - The Board comprises eight Directors, including one female Director, achieving a gender diversity ratio of 12.5% on the Board[172]. - The Company has set a target of having at least one female Director and 20% female employees, which was achieved during the year ended 31 December 2024[176]. - The gender ratio in the workforce is 40% female and 60% male, with 58.3% female employees[176]. - The Nomination Committee held two meetings during the year ended December 31, 2024[169]. - The Company has adopted a board diversity policy to promote diversity in terms of skills, experience, knowledge, and gender[171]. - The Remuneration Committee is responsible for determining the remuneration packages of all executive Directors and senior management[180]. - The Company has complied with the code of conduct regarding Directors' securities transactions throughout the year ended December 31, 2024[162]. - The Board is satisfied with the implementation and effectiveness of the board diversity policy during the year ended December 31, 2024[179]. - The Nomination Committee assesses the independence of independent non-executive Directors and makes recommendations on appointments[164]. - The Company encourages Directors to engage in continuous professional development to fulfill their responsibilities[161]. Audit and Risk Management - The auditor's remuneration for the year ended December 31, 2024, is HK$1,330,000[190]. - The Audit Committee held four meetings during the year ended December 31, 2024[192]. - The Remuneration Committee has reviewed the existing terms of employment contracts of executive Directors and non-executive Directors, considering factors such as salaries paid by comparable companies and performance[189]. - The Audit Committee is satisfied with the adequacy and effectiveness of the risk management and internal control systems for the year ended December 31, 2024[197]. - The Audit Committee reviewed the unaudited consolidated financial statements for the six months ended June 30, 2024, and the audited consolidated financial statements for the year ended December 31, 2023[197]. - The Audit Committee discussed the accounting principles and practices adopted by the Group and is of the opinion that the consolidated results comply with applicable accounting standards[198]. Employee and Workforce Development - The Group employed 20 employees as of December 31, 2024, an increase from 13 employees in 2023[129]. - The Group is committed to providing career development opportunities to its female staff, deploying resources for training senior female staff since listing[184]. - The Group has implemented appropriate recruitment practices to ensure a diverse range of candidates are considered[184].

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of HKD 40,369,000, a decrease of 49.8% compared to HKD 80,336,000 in 2023[4] - The gross profit for the fiscal year 2024 was HKD 40,369,000, significantly up from HKD 15,102,000 in 2023, indicating a substantial improvement in profitability[4] - The company recorded a net loss of HKD 28,382,000 for 2024, which is an improvement of 38.2% compared to a net loss of HKD 45,874,000 in 2023[5] - Basic and diluted loss per share for the year was HKD 28.89, compared to HKD 55.51 in the previous year, reflecting a reduction in loss per share[5] - Total comprehensive loss for the year was HKD 30,737,000, down from HKD 47,713,000 in 2023, showing a decrease of 35.6%[7] - The group reported a pre-tax loss of HKD 28,382,000 for 2024, compared to a loss of HKD 45,720,000 in 2023, indicating an improvement of 37.9%[33] - The group recorded a net loss attributable to shareholders of approximately HKD 28.4 million for the year ending December 31, 2024, an improvement from a net loss of approximately HKD 45.7 million in 2023[62] Assets and Liabilities - Non-current assets remained stable at HKD 303,703,000 in 2024, slightly up from HKD 303,633,000 in 2023[8] - Current assets decreased to HKD 139,059,000 in 2024 from HKD 172,900,000 in 2023, a decline of 19.5%[8] - Total liabilities decreased to HKD 1,206,798,000 in 2024 from HKD 1,210,250,000 in 2023, indicating a slight reduction in overall liabilities[9] - The company's equity attributable to owners of the parent was HKD (382,018,000) in 2024, compared to HKD (377,744,000) in 2023, reflecting a worsening equity position[9] - As of December 31, 2024, the group's current liabilities and net loss amounted to approximately HKD 685,721,000 and HKD 382,018,000, respectively[12] - The group has outstanding principal of approximately HKD 611,286,000 in interest-bearing loans and film investment loans, with an additional HKD 35,424,000 due within one year[12] - The total loans and film investment loans amount to approximately HKD 646,710,000, exceeding the group's cash and cash equivalents of about HKD 38,826,000 as of December 31, 2024[12] Financing and Liquidity - The board is actively negotiating with all creditors for the renewal and extension of overdue loans to alleviate liquidity pressure[13] - The group is exploring new financing sources with various film industry financiers and potential investors to secure operational funding for the foreseeable future[13] - The board believes that the group's track record in film investment and relationships with renowned directors will facilitate obtaining new financing[13] - The management has prepared a cash flow forecast covering the 18 months following the reporting period, indicating sufficient operational funds for the foreseeable future[13] - The group aims to control costs and prioritize film investment expenditures to improve cash outflows[14] - The company plans to use the proceeds from the share placement for general operating funds, indicating a focus on maintaining liquidity[37] - The company is actively negotiating with lenders to renew and extend overdue loans to alleviate liquidity pressure[91] - The company is in discussions with various financing parties and potential investors to secure new financing sources for operational capital in the foreseeable future[91] - The board has implemented measures to improve the group's liquidity and financial condition, focusing on enhancing profitability and cash inflows[96] Revenue Sources - Revenue from the US market for film contracts decreased to HKD 40,369,000 in 2024 from HKD 80,336,000 in 2023, representing a decline of 49.8%[26] - Major customer A contributed HKD 26,197,000 to revenue in 2024, down from HKD 70,529,000 in 2023, a decrease of 62.9%[25] - The group’s total revenue from major customers exceeding 10% of total revenue was HKD 40,369,000 in 2024, down from HKD 78,827,000 in 2023, a decline of 48.9%[25] - Revenue and gross profit from media and cultural businesses for 2024 were approximately HKD 40.4 million, compared to HKD 80.3 million and HKD 15.1 million in 2023, respectively[42] - The media and cultural business generated revenue of approximately HKD 40.4 million for the year ending December 31, 2024, compared to HKD 80.3 million in 2023, with a gross profit of approximately HKD 40.4 million, up from HKD 15.1 million in 2023[60] Operational Developments - The company continues to engage in media and cultural business operations, with no significant changes in its core business strategy reported[10] - The company has approximately HKD 289.7 million in film, television series projects, and related prepayments as of December 31, 2024[43] - The group has developed 44 film projects, with 38 projects having completed scripts[57] - The group plans to expand its cross-border e-commerce business and develop a metaverse business, with expected operations to commence around 2025[65] - A strategic cooperation framework agreement was signed with a global leader in digital technology to enhance the development of the metaverse business and digital product platform[65] - A cooperation agreement was established with a high-tech company in China to develop new energy and renewable energy storage technologies, with operations expected to start around 2025[66] - The group is reviewing the future prospects of other business segments and exploring new opportunities to strengthen market presence in mainland China[67] Shareholder and Market Information - The company did not declare any dividends for the years ended 2024 and 2023, with no recommendation for a final dividend[31] - The board does not recommend the payment of a final dividend for the year ending December 31, 2024[69] - The weighted average number of ordinary shares issued increased to 98,246,644 in 2024 from 82,356,479 in 2023[32] - The company issued 162,000,000 new shares at a placement price of HKD 0.165 per share, raising approximately HKD 26,463,000 for general operating funds[37] Legal and Compliance Matters - The company is involved in ongoing arbitration cases, including a claim for USD 2,200,000 (approximately HKD 17,091,000) related to a film investment agreement[38] - The company anticipates that the ongoing legal claims will not have a significant impact on its consolidated financial statements[38] - The audit committee has confirmed that the consolidated financial statements for the year ended December 31, 2024, comply with applicable accounting standards and regulations[82] Market Performance of Films - The global box office for the film "Crazy Rich Asians," in which the company has invested, reached USD 238,532,921[44] - The film "Midway" had a total investment budget of nearly $100 million and achieved over $30 million in overseas pre-sales outside of Greater China[46] - "Midway" grossed a total of $126,696,475 globally, securing the North American box office champion position in its opening week[47] - "Scary Stories to Tell in the Dark" had a production cost of $25 million and earned $21 million in its opening week in the U.S.[48] - "Scary Stories to Tell in the Dark" has a global box office total of $104,545,505[48] - "Malignant" received a rating of 6.3/10 on IMDb and a 76% approval rating on Tomatometer[51] - "Malignant" was released in theaters and on HBO Max on September 10, 2021, and is currently available on multiple streaming platforms[49] - "Mother" was released on March 15, 2022, and received significant acclaim for its unique blend of horror elements and East Asian culture[54] - "Mother" won the ReFrame Stamp for Best Feature, highlighting its impact on the film industry[54] - "Marshall" received nominations for several prestigious awards, including an Oscar nomination for Best Original Song[53] - "Malignant" won the ReFrame Stamp for Best Feature in 2022, showcasing its recognition in the industry[52] Cost Management - The company plans to allocate more resources to its media and cultural segments, which are seen as the main growth drivers, despite efforts to recover trade receivables totaling HKD 96.2 million[74] - The company is prioritizing cost control measures, particularly regarding film investment expenditures, to improve cash flow[96] - The effectiveness of the company's financial measures depends on several uncertainties, including the ability to secure new financing sources and refinance existing debts[89]

Financial Performance - Revenue from the media and culture business for the six months ended June 30, 2024, was approximately HK$25.6 million, down from approximately HK$44.2 million for the same period in 2023, representing a decrease of about 42.5%[7] - The Group reported a net loss attributable to owners of the Company of approximately HK$11.3 million for the six months ended June 30, 2024, compared to a net loss of approximately HK$25.3 million for the same period in 2023[7] - The slow-down of business activities and postponement of film and TV drama projects have negatively impacted the financial results of the Group[7] - The Group has been experiencing losses from operations for both periods under review due to the decrease in revenue[7] - The financial performance has been adversely affected by external factors, including global pandemic impacts and industry strikes[7] - The Group's media business has faced challenges in revenue recognition over the past few years due to these disruptions[7] - Future outlook remains cautious as the Group navigates through these operational challenges[7] - The Group's net deficit as of June 30, 2024, was approximately HK$364.4 million, down from approximately HK$378.3 million as of December 31, 2023[25] - Basic loss per share for the six months ended June 30, 2024, was approximately 1.15 HK$ cents, compared to approximately 3.07 HK$ cents for the same period in 2023[25] - Total comprehensive loss for the period was HK$12,660,000, a decrease from HK$27,622,000 in the previous period, representing a reduction of approximately 54%[66] Operational Challenges - The operating results were significantly affected by delays in distribution and income receipt from TV drama and film investments due to the COVID-19 pandemic and strikes in 2023[7] - The media business has been impacted by the COVID-19 pandemic and strikes in 2023, leading to delays in project development and revenue recognition[23] - The negative impacts from the strikes in 2023 may continue to affect the Group's financial results in the coming years[26] - The Group is reviewing the future prospects of its other business segments and exploring new business opportunities in Mainland China to turnaround from losses[27] Strategic Initiatives - The Company continues to monitor the situation and adapt its strategies in response to ongoing market conditions[7] - The Company is focused on improving its financial performance and exploring new opportunities for growth[7] - The Group plans to explore financing channels such as international sales and tax refunds, and to invest in metaverse applications[22] - The Directors believe that the Strategic Cooperation Framework Agreement with Greenland Digital will broaden the Group's revenue base and enhance shareholder returns[26] - The Group aims to generate revenue from projects and intellectual properties through various channels, including online distribution and theatrical releases[22] Film Projects and Investments - The Group's media investments and products amounted to approximately HK$291.1 million as of June 30, 2024, slightly down from HK$291.2 million as of December 31, 2023[8] - The Group is involved in various film projects, including adaptations of best-selling novels, indicating a strategy focused on leveraging popular literary works for film production[8] - The Group's collaboration with notable directors and production companies highlights its strategy to enhance film quality and market reach[8] - The Group has developed 44 feature projects, with 38 projects having completed scripts[19] - The Group has jointly developed 12 projects with A-list talents, including titles such as The Burden and The Troop[21] Financial Position - As of June 30, 2024, the Group's bank balances and cash amounted to approximately HK$53.4 million, up from approximately HK$52.0 million as of December 31, 2023[33] - The current ratio remained stable at approximately 0.20 as of June 30, 2024, consistent with the ratio as of December 31, 2023[33] - The Group's liquidity is primarily supported by internally generated cash flow, interest-bearing borrowings, and advances from shareholders[32] - The Group reported a net deficit of approximately HK$364.4 million as of 30 June 2024, an improvement from HK$378.3 million as of 31 December 2023[32] - Total current liabilities decreased to HK$828,136,000 from HK$854,335,000, a reduction of about 3%[69] Shareholder and Capital Management - The Company announced a capital reorganisation involving share consolidation and capital reduction, effective from 23 July 2024[36] - The Company entered into a placing agreement on 13 December 2023 to issue up to 162,000,000 new ordinary shares at a placing price of HK$0.165 per share, representing a discount of approximately 15.82% to the closing price on that date[36] - The Group employed 13 employees as of 30 June 2024, maintaining the same number as of 31 December 2023[34] - The Group has not been exposed to material foreign exchange risk and has not employed financial instruments for hedging purposes[34] - The Group did not grant any loans to entities subject to disclosure requirements under Rule 13.13 of the Listing Rules for the six months ended June 30, 2024[28] Share Options and Management Compensation - The Company adopted a New Share Option Scheme on August 3, 2022, which is valid for 10 years[42] - The total number of shares available for issue under the New Share Option Scheme is 82,356,479 shares, representing approximately 8.4% of the total issued shares[46] - No share options have been granted under the New Share Option Scheme since its adoption[46] - Total compensation paid to key management personnel was HK$595,000 for the six months ended June 30, 2024, down from HK$2,030,000 in the same period of 2023[107] Audit and Compliance - The audit committee reviewed the unaudited interim condensed consolidated financial statements and confirmed compliance with applicable accounting standards[63] - The company has complied with all corporate governance code provisions throughout the reporting period[57] - There were no changes in directors' information that required disclosure during the six months ended June 30, 2024[58] - The company has adopted a strict code of conduct regarding directors' securities transactions, which has been complied with throughout the reporting period[58] Cash Flow and Financing Activities - Net cash flows from operating activities were HK$8,246,000 for the six months ended June 30, 2024, compared to cash used of HK$14,503,000 in the same period of 2023, indicating a positive turnaround[73] - Net cash flows used in financing activities amounted to HK$5,731,000, a reduction from HK$12,472,000 in the previous year[74] - The company issued shares amounting to HK$26,463,000 during the reporting period[71] - The principal portion of lease payments was HK$805,000 for the six months ended June 30, 2024, down from HK$1,104,000 in the same period of 2023[74] Market and Economic Conditions - The Group's financial performance has been adversely affected by external factors, including global pandemic impacts and industry strikes[7] - The Group's movies have received positive audience feedback, with "Scary Stories to Tell in the Dark" achieving a 92% audience score on Rotten Tomatoes[9] - The Group's ongoing projects and investments reflect a commitment to expanding its footprint in the media and entertainment industry[8]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 25,569,000, a decrease of 42.0% compared to HKD 44,228,000 for the same period in 2023[2] - Gross profit for the period was HKD 25,569,000, significantly improved from HKD 11,579,000 in the previous year[2] - Loss before tax for continuing operations was HKD 11,286,000, a reduction of 55.7% from HKD 25,420,000 in the prior year[2] - The basic and diluted loss per share for the period was HKD 1.15, compared to HKD 3.07 in the same period last year[3] - Total comprehensive loss for the period was HKD 12,660,000, down from HKD 27,622,000 in the previous year[4] - The company recorded a net loss attributable to equity holders of approximately HKD 11.3 million for the six months ended June 30, 2024, compared to a net loss of approximately HKD 25.3 million for the same period in 2023[24] - The net loss attributable to the company's owners was approximately HKD 11.3 million for the six months ending June 30, 2024, a decrease from HKD 25.3 million for the same period in 2023, representing a reduction of about 55.3%[38] - The basic loss per share was approximately HKD 0.0115 for the six months ending June 30, 2024, compared to HKD 0.0307 for the same period in 2023, showing an improvement[39] Assets and Liabilities - Non-current assets totaled HKD 302,059,000 as of June 30, 2024, slightly decreased from HKD 303,633,000 at the end of 2023[6] - Current assets amounted to HKD 161,630,000, down from HKD 172,900,000 at the end of 2023[6] - Current liabilities were HKD 828,136,000, a decrease from HKD 854,335,000 in the previous period[7] - Total assets as of June 30, 2024, were HKD 463.7 million, with total liabilities of HKD (828.1) million[14] - The company's equity attributable to owners of the parent was HKD 363,941,000, compared to HKD 377,744,000 at the end of 2023[7] - The current ratio as of June 30, 2024, was approximately 0.20, based on current assets of about HKD 161.6 million and current liabilities of approximately HKD 828.1 million[45] Business Operations - The company continues to engage in media and cultural business activities, with no major shareholder identified as of June 30, 2024[8] - Revenue from media and cultural business for the six months ended June 30, 2024, was approximately HKD 25.6 million, a decrease of 42% compared to HKD 44.2 million for the same period in 2023[24] - The media and cultural business generated revenue of approximately HKD 25.6 million for the six months ending June 30, 2024, compared to HKD 44.2 million for the same period in 2023, reflecting a decline of about 42.5%[37] - The gross profit for the media and cultural business was approximately HKD 25.6 million for the six months ending June 30, 2024, compared to HKD 11.6 million for the same period in 2023, indicating a significant improvement[37] Investments and Projects - The company has developed 44 film projects, with 38 scripts completed, as part of its strategy to diversify and enhance its entertainment business[34] - The company’s film and television investment and related prepayments amounted to approximately HKD 291.1 million as of June 30, 2024[25] - The company experienced significant negative impacts on its financial performance due to delays in the release and revenue recognition of its television and film investments[24] Financing and Capital Management - The company completed a placement of up to 162,000,000 new ordinary shares at a price of HKD 0.165 per share, raising approximately HKD 26.7 million, with a net amount of approximately HKD 26.4 million after expenses[49] - Of the net proceeds from the placement, HKD 20.8 million was used for debt repayment and HKD 5.6 million for working capital as of June 30, 2024[50] - The company is exploring various financing channels, including international sales and digital collectibles, to recover costs and generate revenue from its projects[36] Corporate Governance and Compliance - The company has complied with all applicable provisions of the corporate governance code during the period ending June 30, 2024[51] - The audit committee reviewed the unaudited interim consolidated financial statements for the six months ended June 30, 2024, and found them to comply with applicable accounting standards[52] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the six months ended June 30, 2024[53] Dividends and Shareholder Returns - The company did not declare or pay any interim dividends for the periods ended June 30, 2024, and June 30, 2023[21] - No interim dividend has been recommended for the six months ending June 30, 2024, consistent with the previous year[43] Employee and Operational Metrics - The group employed 13 employees as of June 30, 2024, maintaining the same number as of December 31, 2023[47] Strategic Initiatives - The company plans to leverage its Hollywood intellectual property resources to develop metaverse business and expand its digital product platform[40] - A strategic cooperation framework agreement was signed with Green Digital Technology Limited to enhance metaverse business development and expand cross-border e-commerce operations, expected to commence around 2024[41] Foreign Exchange and Risk Management - The company has not faced significant foreign exchange risks, as most assets and liabilities are denominated in HKD, RMB, and USD[46] Film Performance Highlights - The film "Midway" had a total investment budget of nearly $100 million and achieved a global box office of $126,696,475[27] - "Scary Stories to Tell in the Dark" had a production cost of $25 million and grossed $104,545,505 globally[28] - "Malignant" received a 76% approval rating on Tomatometer and a score of 6.3/10 on IMDb[30] - "Malignant" was praised by Stephen King, generating significant interest among horror fans[29] - "Mother" was released on March 15, 2022, and received the ReFrame Stamp for its impact on the film industry[33] - "Midway" achieved over $30 million in overseas pre-sales before its release in the Greater China region[27] - "Malignant" was available on HBO Max for one month following its theatrical release[29] - "Midway" was noted as one of the heaviest sold films at the Cannes Film Festival according to Deadline magazine[27] - "Scary Stories to Tell in the Dark" earned $21 million in its opening weekend in the U.S.[28] - "Mother" was recognized for its unique blend of horror elements and East Asian culture, attracting significant interest from major studios[33]

Financial Performance - The Group's revenue from media and culture business for 2023 was approximately HK$80.3 million, a 33.5% increase from HK$60.2 million in 2022[18]. - Gross profit for the media and culture business in 2023 was approximately HK$15.1 million, compared to HK$4.0 million in 2022, representing a significant improvement[18]. - The net loss attributable to owners of the Company for the year ended December 31, 2023, was approximately HK$45.7 million, a reduction from a net loss of approximately HK$135.9 million in 2022[18]. - Basic loss per share for the year was approximately 5.55 HK$ cents, down from approximately 16.5 HK$ cents in 2022, indicating a decrease in loss per share[19]. - The Group's total losses amounted to approximately HK$378.3 million for 2023, compared to HK$330.5 million in 2022[24]. - The Group's net deficit increased to approximately HK$378.3 million in 2023, compared to approximately HK$330.5 million in 2022[19]. - The Group's bank balances and cash amounted to approximately HK$52.0 million as of December 31, 2023, down from approximately HK$79.4 million in 2022[121]. - The current ratio as of December 31, 2023, was approximately 0.20, compared to approximately 0.28 in 2022, indicating a decline in liquidity[121]. Business Challenges - The media business has been impacted by the COVID-19 pandemic and the strikes of the Writers Guild of America and Screen Actors Guild-AFTRA in 2023, affecting revenue and gross profit[17]. - Delays in distribution and settlement of income from TV drama and film investments have negatively impacted the Group's operating results[17]. - The slow-down of business activities and postponement of film and TV drama projects have further affected the financial results of the Group[17]. - The Group continues to face challenges in recovering from the impacts of the pandemic and industry strikes, which may affect future performance[17]. - The impact of the COVID-19 pandemic and the strikes in 2023 has led to delays in film and TV projects, affecting future cash flow projections[86][97]. Strategic Initiatives - The Company plans to utilize existing Hollywood intellectual property resources to develop metaverse businesses and expand cross-border e-commerce operations[28]. - A reseller service agreement was signed with Alibaba Cloud, allowing the Group to distribute various cloud computing products, which is expected to broaden the revenue base[29][30]. - A strategic cooperation framework agreement was established with Greenland Digital to enhance metaverse business development and digital product platform construction[35][36]. - The Group is reviewing the future prospects of its other business segments and exploring new business opportunities, particularly in Mainland China[37][40]. - The Group aims to recover development costs and generate revenue through various channels, including online distribution, theatrical releases, and IP licensing[82][84]. - The Group is exploring diversified project structuring approaches, including targeting streaming platforms for quicker cost recovery and increased visibility[81][83]. - The Company entered into a Strategic Cooperation Framework Agreement with Greenland Digital to enhance its metaverse business and expand cross-border e-commerce operations, expected to commence in or around 2024[101]. Film and Media Projects - The Group has developed 44 feature projects, with 38 of them having completed scripts[75]. - The film "Crazy Rich Asians," co-invested by the group, has achieved a global box office of USD 238.5 million since its release[49]. - The film "Midway," with a total budget of approximately USD 100 million, has exceeded USD 30 million in overseas pre-sales, excluding the Greater China area[53]. - "Midway" grossed USD 126.7 million worldwide, achieving a 92% audience score on Rotten Tomatoes[54][58]. - The horror film "Scary Stories to Tell in the Dark" was produced for USD 25 million and has grossed USD 104.5 million worldwide[59]. - The company is collaborating with notable directors such as James Wan and Roland Emmerich for the development and production of motion picture projects[75]. - "Malignant" won the ReFrame Stamp for Best Feature at ReFrame 2022 and received multiple nominations for prestigious awards[67]. - "Marshall," featuring Chadwick Boseman, was nominated for an Oscar for Best Original Song and received numerous other award nominations[68]. - "Umma," produced by Sam Raimi, was released on March 15, 2022, and received the ReFrame Stamp award[72]. - The film "Umma" was praised for its unique blend of horror and intimate portrayal of East Asian culture, garnering significant interest from major studios[72]. Corporate Governance - The Company complied with all applicable provisions of the Corporate Governance Code during the year ended December 31, 2023[152]. - The Board consists of six Executive Directors and three Independent Non-executive Directors, ensuring a diverse leadership structure[159]. - Independent Non-executive Directors possess academic and professional qualifications in accounting, enhancing the Board's effectiveness[160]. - The Board is responsible for corporate strategy, annual and interim results, and major acquisitions, ensuring comprehensive oversight of the company's operations[165]. - The company emphasizes compliance with statutory requirements and internal controls as part of its governance framework[165]. - The Company has established a clear process for the appointment and re-election of Directors, ensuring transparency in governance practices[166]. - The Company has adopted a Board Diversity Policy to promote diversity in terms of skills, experience, knowledge, and gender[184]. - The Company has achieved its target of having at least one female Director and 20% female employees during the year ended December 31, 2023[191]. - The gender ratio in the workforce shows 50% female employees and 50% male employees, with a total of 3 females and 10 males[190]. Employment and Workforce - The Group employed 13 employees as of 31 December 2023, a decrease from 20 employees in 2022[137]. - The Group is committed to providing career development opportunities for female staff, focusing on training senior female employees with relevant experience[197]. - The Group has implemented recruitment practices to ensure a diverse range of candidates are considered for positions[197].

Financial Performance - For the year ended December 31, 2023, the company reported total revenue of HKD 80,336,000, representing a 33.4% increase from HKD 60,247,000 in 2022[4] - The gross profit for the same period was HKD 15,102,000, up from HKD 4,028,000 in 2022, indicating a significant improvement in profitability[4] - The net loss for the year narrowed to HKD 45,874,000 compared to a loss of HKD 135,197,000 in the previous year, reflecting a reduction of approximately 66%[4] - Basic and diluted loss per share improved to HKD 5.55 from HKD 16.50 in 2022, showing a positive trend in earnings per share[6] - The group's pre-tax loss for 2023 was HKD 1,311 thousand, a decrease from a pre-tax loss of HKD 7,047 thousand in 2022, indicating an improvement in financial performance[39] - The total financing costs decreased to HKD 22,122 thousand in 2023 from HKD 26,372 thousand in 2022, reflecting a reduction of about 16.5%[41] - The group reported a significant impairment loss on film investments of HKD 896 thousand in 2023, down from HKD 11,738 thousand in 2022, showing a reduction in investment losses[39] - The company recorded a net loss attributable to shareholders of approximately HKD 45.72 million for the year ending December 31, 2023, a decrease from a net loss of approximately HKD 135.87 million in 2022[79] - Basic loss per share for the year was approximately HKD 0.0555, compared to HKD 0.165 in 2022[79] Assets and Liabilities - Total assets as of December 31, 2023, were HKD 476,533,000, down from HKD 566,722,000 in 2022, indicating a decrease in asset base[10] - The company's cash and cash equivalents decreased to HKD 52,003,000 from HKD 79,420,000, reflecting a liquidity contraction[10] - The total liabilities stood at HKD 854,335,000, slightly reduced from HKD 897,134,000 in the previous year, indicating improved liability management[10] - As of December 31, 2023, the group's current liabilities and net loss were HKD 681,435,000 and HKD 378,250,000, respectively[16] - The group failed to repay principal amounts of HKD 500,521,000 in certain interest-bearing loans and film investment loans, with an additional HKD 174,623,000 due within one year[16] - Total loans and film investment loans amounted to HKD 675,144,000, exceeding the group's cash and cash equivalents of HKD 52,003,000 as of December 31, 2023[16] - The current ratio as of December 31, 2023, was approximately 0.20, compared to 0.28 in 2022, based on current assets of approximately HKD 172,900,000 and current liabilities of approximately HKD 854,335,000[91] Business Operations and Strategy - The company is engaged in media and cultural business, with no single controlling shareholder identified as of December 31, 2023[13] - The group operates primarily in the media and cultural business segment, focusing on the production and distribution of films and television programs[32] - The company plans to implement business strategies to enhance profitability and cash inflows[17] - The group plans to allocate more resources to its media and cultural segments, which are seen as the main growth drivers[92] - The company plans to utilize its existing Hollywood intellectual property resources to develop metaverse business and expand cross-border e-commerce operations in Hong Kong and mainland China[80] - A distributor service agreement was signed with Alibaba Cloud, allowing the company to distribute various cloud products, which is expected to broaden the revenue base and enhance shareholder returns[82] - The company is exploring various financing channels, including international sales and NFT applications, to recover costs and generate revenue from its projects[76] Financing and Liquidity - The board is actively negotiating with all lenders to renew and extend overdue loans to alleviate liquidity pressure[17] - The group is in discussions with various financing parties and potential investors to secure new financing sources for operational capital[17] - The board believes that the group's track record in film investment and relationships with renowned directors will facilitate obtaining new financing[17] - The board has taken measures to improve the company's liquidity and financial condition, including negotiations with creditors for loan extensions[116] - The company is actively seeking new financing sources from various film industry financiers and potential investors[117] - Cost control measures will be prioritized, particularly regarding film investment expenditures, to improve cash flow[117] Shareholder Information - The company did not declare or pay any dividends for the years ended December 31, 2023, and December 31, 2022[44] - The annual report will be sent to shareholders and published on the company's website at an appropriate time[118] - The board consists of six executive directors and three independent non-executive directors as of the announcement date[119] Legal and Compliance - The independent auditor did not express an opinion on the group's financial statements due to insufficient appropriate audit evidence to support the use of the going concern basis[109] - The company is facing legal claims related to investment agreements totaling approximately HKD 30.8 million, but management believes the impact on financial statements will not be significant[54] Employee and Organizational Structure - The group employed 13 employees as of December 31, 2023, maintaining the same number as in 2022[94] - The group has established an audit committee with a clear written scope of authority to review and supervise financial reporting processes and risk management[105] Film Projects and Performance - The company has developed 44 film projects, with 38 projects having completed scripts[74] - The film "Midway" had a total investment budget of nearly $100 million and achieved over $30 million in overseas pre-sales during the pre-sale period, excluding the Greater China region[60] - "Midway" grossed a total of $126,696,475 globally, with a strong audience score of 92% on Rotten Tomatoes[62] - "Scary Stories to Tell in the Dark" had a production cost of $25 million and earned $21 million in its opening weekend in the U.S., with a global total of $104,545,505[63] - "Malignant" received a rating of 6.3/10 on IMDb and a 76% approval rating on Tomatometer, indicating a mixed reception from critics and audiences[66] - "Malignant" won the ReFrame Stamp for Best Feature in 2022 and received multiple nominations for various awards[67] - "Mother" was released by Sony Pictures on March 15, 2022, and received significant acclaim for its unique blend of horror elements and East Asian culture[70] - "Mother" was recognized with the ReFrame Stamp film award, highlighting its impact on the film industry[70] - "Marshall" received nominations for several prestigious awards, including an Oscar nomination for Best Original Song[68] - "Midway" was distributed in the U.S. by Summit Entertainment, while Bona Film Group handled distribution in the Greater China region[60] - "Scary Stories to Tell in the Dark" was co-produced by CBS Films, eOne, and the group, showcasing a collaborative effort in its production[63]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 1 STARLIGHT CULTURE ENTERTAINMENT GROUP LIMITED 星光文化娛樂集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：1159） 有關截至二零二二年十二月三十一日止年度之年報之補充公告 茲提述星光文化娛樂集團有限公司（「本公司」）截至二零二二年十二月三十一日止年 度之年報（「二零二二年年報」）。除文義另有所指外，本公告所用詞彙與二零二二年 年報所界定者具有相同涵義。 除二零二二年年報第165頁所披露者外，本公司謹此向其股東補充進一步資料，內 容有關綜合財務報表附註「 19.電影及電視節目及節目版權投資」一節所載截至二零 二二年十二月三十一日止年度之電影及電視節目及節目版權投資可收回金額所採 用之折現率，補充如下：－ 截至二零二二年十二月三十一日止年度之折現率介乎21.39%至22.15%，乃計算電 影投資使用價值時所使用之折現率，其賬面值於本公司於二零二二 ...

Financial Performance - Revenue from the media and culture business for the six months ended June 30, 2023, was approximately HK$44.2 million, an increase from approximately HK$37.1 million in the same period of 2022, representing a growth of about 19%[13]. - The Group reported a net loss attributable to owners of the Company of approximately HK$25.3 million for the six months ended June 30, 2023, compared to a net loss of approximately HK$53.2 million in 2022, indicating a reduction in losses by approximately 52%[13]. - Gross profit for the media and culture business increased to approximately HK$11.6 million, compared to HK$2.1 million for the same period in 2022, reflecting a significant improvement[57]. - Basic loss per share decreased to approximately 3.07 HK$ cents from approximately 6.46 HK$ cents in the prior year[61]. - The company reported a total comprehensive loss for the period of HK$27,622,000, compared to HK$54,492,000 in the same period last year, reflecting a 49.3% improvement[132]. - For the six months ended June 30, 2023, the company reported a loss attributable to owners of the parent of HK$25,270,000, compared to a loss of HK$53,169,000 for the same period in 2022, representing a 52.6% improvement[140]. Investments and Projects - As of June 30, 2023, the Group's media investments and products amounted to approximately HK$343.5 million, down from approximately HK$374.9 million as of December 31, 2022, reflecting a decrease of about 8.4%[16]. - The movie "Crazy Rich Asians," co-invested by the Group, has achieved a worldwide gross of US$238.5 million since its release in August 2018[16]. - The international sales for the movie "Greta" are anticipated to be US$9.5 million, showcasing the Group's involvement in high-profile film projects[17]. - The Group has developed 44 feature projects, with 38 of them having completed scripts[48]. - The film "Midway," with a total budget of approximately US$100 million, exceeded US$30 million in overseas pre-sales during its pre-sales period[21]. - The film "Umma," produced by Sam Raimi, was released on March 15, 2022, and won the ReFrame Stamp award[39]. Operational Challenges - The Group's operating results have been negatively impacted by delays in distribution and income receipt from TV drama and film investments due to the COVID-19 pandemic[12]. - The Group continues to face challenges in revenue recognition and gross profit due to the slowdown of business activities and postponement of film and TV drama projects[12]. - The ongoing strikes by the Writers Guild of America and Screen Actors Guild-AFTRA are expected to adversely affect the development and distribution of media projects in the USA[66]. - The Group anticipates that the negative impacts from recent business slowdowns may continue to affect financial results in the coming years[67]. Strategic Initiatives - The appointment of new executives, including the Chief Technology Officer and Chief Operating Officer, aims to strengthen the management team and drive future growth[3][4]. - The Group is focused on expanding its media and culture business despite the ongoing challenges in the industry[12]. - The financial results reflect a strategic shift towards improving operational efficiency and reducing expenses while navigating a recovering market[12]. - The Group plans to utilize its Hollywood intellectual property resources to develop metaverse businesses and expand cross-border e-commerce operations in Hong Kong and Mainland China[68]. - A reseller service agreement was signed with Alibaba Cloud, allowing the Group to distribute various cloud computing products, which is expected to broaden the revenue base and increase investment returns[72]. Shareholder Information - The Group has not recommended any interim dividend for the six months ended June 30, 2023, consistent with the previous year[76][81]. - Major shareholders have provided financial resources, including an advance of HK$472,229,000 from a controlling shareholder in 2019, which has been fully repaid[85]. - As of June 30, 2023, Timcha Investment Limited holds 181,513,514 shares, representing approximately 22.04% of the issued share capital of the Company[112]. - Mega Start Limited owns 49,693,600 shares, accounting for approximately 6.03% of the issued share capital of the Company[112]. - The total number of issued shares of the Company as of June 30, 2023, is 823,564,799 shares[118]. Cash Flow and Liquidity - The Group's bank balances and cash amounted to approximately HK$52,873,000 as of June 30, 2023, down from HK$79,420,000 as of December 31, 2022[86][90]. - The current ratio as of June 30, 2023, was approximately 0.22, compared to 0.28 as of December 31, 2022, indicating a decline in liquidity[86][90]. - The company reported a net cash outflow from financing activities of HK$12,472,000, compared to HK$8,970,000 in the same period of 2022, representing a 39% increase in cash used[149]. - The net decrease in cash and cash equivalents for the period was HK$26,988,000, a significant improvement from HK$81,087,000 in the previous year, indicating a 67% reduction in cash outflow[149]. - Cash and cash equivalents at the end of the period stood at HK$52,873,000, down from HK$95,154,000 a year earlier, reflecting a 44% decrease[149].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 STARLIGHT CULTURE ENTERTAINMENT GROUP LIMITED 星光文化娛樂集團有限公司 （於百慕達註冊成立之有限公司） 1159 （股份代號： ） 截至二零二三年六月三十日止六個月 中期業績公告 中期業績 星光文化娛樂集團有限公司（「本公司」）董事（「董事」）會（「董事會」）依此呈列本公司 及其附屬公司（統稱「本集團」）截至二零二三年六月三十日止六個月之未經審核簡明 綜合中期業績，連同二零二二年同期之比較數字如下： ...