Financial Performance - Total revenue for 2023 was RMB 23.748 million, a decrease of 37.5% compared to RMB 38.092 million in 2022[11] - The company reported a loss before tax of RMB 15.710 million, improving from a loss of RMB 229.558 million in 2022[11] - The gross loss for the year was approximately RMB 53.4 million, an increase of about RMB 19.0 million compared to last year's gross loss of approximately RMB 34.4 million[17] - The loss attributable to equity shareholders of the company was approximately RMB 15.6 million, a significant reduction of about RMB 208.2 million compared to last year's loss of approximately RMB 223.8 million[28] - The basic and diluted loss per share for the year was approximately RMB 0.0073, compared to RMB 0.1040 in 2022, indicating an improvement in financial performance[33] - The company recorded a net loss of approximately RMB 15,710,000 for the year ended December 31, 2023[98] Assets and Liabilities - Total assets decreased to RMB 325.153 million in 2023 from RMB 536.330 million in 2022, representing a decline of 39.3%[11] - Total liabilities were reduced to RMB 122.030 million in 2023, down from RMB 317.807 million in 2022, a decrease of 61.7%[11] - The net asset value decreased to RMB 203.123 million in 2023 from RMB 218.523 million in 2022, a decline of 7.1%[11] - As of December 31, 2023, the group's total liabilities were approximately RMB 87.1 million, down from RMB 123.9 million in 2022, while cash and cash equivalents increased to approximately RMB 236.7 million from RMB 10.9 million[35] - The group's debt due within one year as of December 31, 2023, was approximately RMB 86.8 million[37] - The group's asset-liability ratio increased to 73.7% as of December 31, 2023, compared to 51.7% in 2022[35] Revenue and Market Trends - The domestic film market's total box office in 2023 was RMB 54.937 billion, with 1.299 billion admissions, showing a recovery but still down 14.36% and 24.91% compared to 2019[7] - In 2023, final consumption expenditure contributed 82.5% to China's economic development, indicating a potential recovery in the media industry driven by domestic demand[54] - The company plans to closely monitor industry policies and leverage existing resources to diversify its media business and create more commercial opportunities[54] - A list of 20 upcoming film and television projects has been outlined, with various stages of production and release planned[56] Cost Management - Distribution costs decreased by approximately 56.3% to about RMB 4.5 million from RMB 10.3 million in the previous year[19] - Administrative expenses decreased by approximately 46.1% to about RMB 17.8 million from RMB 33.0 million in the previous year[20] - The net financing cost for the year was approximately RMB 8.9 million, a decrease of about 11.0% compared to RMB 10.0 million in the previous year[26] - The company's employee costs for the year were approximately RMB 11.9 million, a decrease from RMB 33.2 million in 2022, primarily due to a reduction in staff in the metaverse business[39] Strategic Initiatives - The company plans to continue investing in high-quality IP projects and enhance product quality to adapt to technological advancements and new media challenges[8] - The company aims to leverage its strengths in film and television production to achieve better long-term development and shareholder returns[8] - The company is actively preparing several film and television projects, including "Hello, Tyrannosaurus" and "Iron Bone Steel Fist," which are in various stages of production[14] Governance and Compliance - The company adheres to the corporate governance principles and has implemented a diversity policy for board members to ensure sustainable and balanced development[81] - The board consists of seven members, with two females, representing nearly one-third of the board, thus achieving gender diversity[81] - The company has established various committees, including the audit committee, nomination committee, and remuneration committee, to assist the board in its responsibilities[96] - The company has adopted strict procedures for handling and disclosing inside information in compliance with the Securities and Futures Ordinance and listing rules[126] Shareholder Engagement - The company has maintained high transparency and effective communication with shareholders, providing timely disclosures through various channels[134] - The board has confirmed the implementation and effectiveness of the communication policy to keep shareholders informed of the latest developments[134] - The company’s dividend policy suggests distributing a reasonable amount of profits as interim and final dividends, depending on performance and cash position[86] Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of A% and an expected EBITDA margin of B%[72] - The company is focused on improving customer engagement, with initiatives expected to boost customer retention rates by J%[72] - The company is expanding its market presence in D regions, aiming for a market share increase of E% by the end of the next fiscal year[72] - Future guidance suggests a projected revenue growth of 47% for the upcoming quarter, driven by new product launches and market expansion efforts[199]

Financial Performance - The company's revenue for the year ended December 31, 2023, was approximately RMB 23.7 million, a decrease of about 37.8% compared to RMB 38.1 million from the previous year[4]. - The gross loss for the year was approximately RMB 53.4 million, an increase of RMB 19.0 million from the previous year's gross loss of RMB 34.4 million[4]. - The gross margin for the year was approximately (224.7%), a decline of about 134.4 percentage points from the previous year's gross margin of (90.3%)[4]. - The loss attributable to equity shareholders of the company was approximately RMB 15.6 million, a significant reduction of RMB 208.2 million compared to the loss of RMB 223.8 million in the previous year[4]. - The company reported a net loss of approximately RMB 15.71 million for the year ended December 31, 2023[13]. - The adjusted loss before tax for the reporting segment was RMB (87,817,000) in 2023, improving from RMB (211,283,000) in 2022[26]. - The pre-tax loss for the company was RMB 15,645,000 in 2023, a substantial improvement compared to a loss of RMB 223,794,000 in 2022, indicating a reduction of approximately 93%[37]. - The group reported a loss attributable to equity shareholders of approximately RMB 15.6 million, a significant reduction of about RMB 208.2 million from a loss of RMB 223.8 million in 2022, mainly due to a substantial decrease in impairment of trade and other receivables and film and television assets[71]. Assets and Liabilities - As of December 31, 2023, the company had outstanding bonds of approximately RMB 44.93 million and other borrowings of approximately RMB 41.70 million, both of which were overdue[13]. - The total assets less current liabilities amounted to RMB 203.94 million, a decrease from RMB 233.18 million in the previous year[8]. - The total equity attributable to equity shareholders of the company was RMB 203.12 million, down from RMB 218.77 million in the previous year[8]. - The group's total liabilities as of December 31, 2023, were approximately RMB 87.1 million, down from RMB 123.9 million in 2022, indicating improved financial stability[79]. - The company has overdue bonds amounting to RMB 44,934,000 and other borrowings of RMB 41,698,000 as of December 31, 2023[98]. Cash Flow and Liquidity - The company's cash and cash equivalents increased to RMB 236.75 million from RMB 10.89 million in the previous year[7]. - The group has a cash flow forecast covering at least 12 months from the reporting date, indicating sufficient operating funds to meet financial obligations[14]. - The company’s cash and cash equivalents decreased by RMB 4,874,000 as part of the sale transaction, impacting liquidity[46]. - The sale of subsidiaries resulted in a cash outflow of RMB 4,419,000 after offsetting outstanding debts[46]. Operational Efficiency - The company's employee costs decreased to RMB 11,923,000 in 2023 from RMB 33,249,000 in 2022, reflecting a reduction of about 64%[32]. - Trade and other payables decreased from RMB 150,680,000 in 2022 to RMB 21,067,000 in 2023, representing a reduction of approximately 86%[10]. - Other payables and accrued expenses decreased significantly from RMB 140,039,000 in 2022 to RMB 15,463,000 in 2023, a decline of about 89%[43]. - The average accounts receivable turnover period for film and television projects decreased from 1,394 days last year to 1,310 days this year, indicating faster collection of receivables[74]. Corporate Governance and Future Plans - The company is committed to improving corporate governance standards and has adhered to the corporate governance code during the review period[98]. - The group plans to regularly review its capital structure and may raise additional capital through bond issuance or new shares when appropriate[15]. - The company is focusing on diversifying its media business and leveraging existing resources to capture more business opportunities as the Chinese film and television industry recovers[93]. - The company has several upcoming film and television projects in various stages of production, including titles like "Hello, Ma Daling" and "The Tower Crisis"[95]. Dividend and Shareholder Information - The company did not recommend the distribution of a final dividend for the year[3]. - The company did not declare any dividends for the year ended December 31, 2023, consistent with the previous year[36]. - The annual report will be distributed to shareholders within the timeframe specified by the listing rules[106]. Miscellaneous - The company has no contingent liabilities or significant investments in other companies as of December 31, 2023[87][89]. - There are no plans for major investments or fixed asset investments as of December 31, 2023[90]. - The company completed the acquisition of Beijing Huasheng Taitong Media Investment Co., Ltd. and other subsidiaries for RMB 3,600,000 on December 25, 2023[91]. - The company has no securities buybacks or sales during the year[97].

Financial Performance - Revenue for the six months ended June 30, 2023, was approximately RMB 2.1 million, a decrease of about 93.3% compared to RMB 31.2 million in the same period last year[7]. - Gross profit was approximately RMB 1.4 million, an increase of about RMB 0.5 million or approximately 55.6% year-on-year[7]. - Gross margin improved to approximately 65.3%, up about 62.3 percentage points from approximately 3.0% in the same period last year[7]. - Loss attributable to equity shareholders was approximately RMB 0.4 million, a decrease of about RMB 15.8 million compared to a loss of RMB 16.2 million in the same period last year[7]. - The company reported a pre-tax loss of approximately RMB 0.4 million for the six months ended June 30, 2023, a reduction of about RMB 16.5 million from a pre-tax loss of RMB 16.9 million in the previous year[13]. - For the six months ended June 30, 2023, the company reported revenue of RMB 2,134,000, a decrease of 93.14% compared to RMB 31,179,000 for the same period in 2022[84]. - The gross profit for the same period was RMB 1,393,000, representing a gross margin of approximately 65.3% compared to RMB 926,000 in 2022[84]. - The company reported a net loss of RMB 403,000 for the six months ended June 30, 2023, compared to a net loss of RMB 16,630,000 for the same period in 2022[84]. - Basic and diluted loss per share for the period was RMB 0.02, an improvement from RMB 0.75 in the previous year[84]. - The company recorded a total comprehensive loss of RMB 387 thousand for the six months ended June 30, 2023, compared to a loss of RMB 16,220 thousand in the same period of 2022[91]. Cost Management - Distribution costs decreased by approximately 37.1% to RMB 2.2 million from RMB 3.5 million in the same period last year[17]. - Administrative expenses reduced by approximately 62.0% to RMB 7.8 million from RMB 20.5 million in the previous year[18]. - Research and development expenses were zero, a decrease of RMB 2.6 million compared to RMB 2.6 million in the same period last year[19]. - The company’s employee costs for the six months ended June 30, 2023, were approximately RMB 5.4 million, down from RMB 13.6 million in the same period last year[31]. Cash Flow and Financing - Cash and cash equivalents increased by approximately 2,141.3% to RMB 244.3 million from RMB 10.9 million as of December 31, 2022[26]. - The company's net cash used in operating activities for the six months ended June 30, 2023, was RMB 16,709 thousand, a decrease from RMB 88,948 thousand in the same period of 2022[93]. - The total cash generated from investing activities was RMB 258,444 thousand, significantly up from RMB 81,323 thousand in the previous year[93]. - The company incurred a net financing cost of RMB 4,874,000 for the first half of 2023, compared to RMB 2,327,000 in the same period last year[103]. - The company has third-party loans of RMB 10,000,000 with an interest rate of 10% to 11%, due within one year[118]. - The company issued bonds totaling HKD 43,000,000 with an annual coupon rate of 8%, which were due on December 11, 2021, but have been extended[120]. Shareholder Information - As of June 30, 2023, the total number of issued shares was 2,151,577,026, with key executives holding significant stakes, including Mr. Liu Dong with 14.31%[45][44]. - Cinedigm Corp. holds 366,590,397 shares, representing 17.04% of the company's equity[47]. - Dongyue Limited owns 307,809,902 shares, accounting for 14.31% of the total equity[47]. - Aim Right Ventures Limited has a significant stake of 505,322,946 shares, which is 23.49% of the equity[47]. - The company did not declare an interim dividend for the six months ending June 30, 2023[55]. - The company has no dividends payable to equity shareholders for the current interim period, consistent with the previous year[125]. Corporate Governance - The audit committee reviewed the unaudited consolidated financial report for the six months ending June 30, 2023, confirming compliance with applicable accounting standards[54]. - The board emphasizes the importance of good corporate governance principles and compliance with the listing rules[52]. - The company has adopted a stock option plan since January 20, 2022, approved by shareholders[56]. Projects and Developments - The animated film "Snowy Youth," produced by a wholly-owned subsidiary, is set to be released in August 2023[13]. - The historical drama "Blood Alliance for a Thousand Years" will be released soon, while several other projects are in various stages of development[13]. - The company is exploring the feasibility of developing a military-themed project into a youth growth inspirational program, receiving positive feedback from major platforms[15]. - The company is actively exploring short video and live streaming sectors, signing a cooperation agreement with OST Media to develop a high-potential interactive project set to launch in October 2023[40]. - The company has a total of 31 planned productions, with various genres including web series, films, and animated movies, currently in different stages of production[41][42]. Market Context - The Chinese film market's box office for the first half of 2023 was RMB 26.271 billion, a year-on-year increase of 52.91%[12]. - The average cinema attendance rate in the first half of 2023 was 7.9%, showing improvement but still below pre-pandemic levels[12]. Share Options and Incentives - The stock option plan allows for adjustments in the number of options available in case of capital changes, subject to independent verification[61]. - The maximum number of shares available for subscription under the stock option plan cannot exceed 10% of the total issued shares as of the date of shareholder approval[61]. - The exercise price for any stock option will be determined by the board but cannot be lower than the highest of the closing price on the grant date or the average closing price over the five trading days preceding the grant date[62]. - Each participant's maximum entitlement under the plan is limited to 1% of the issued shares as of the grant date within any 12-month period[64]. - The company grants stock options to selected eligible participants, with details on the number and terms (including exercise price) to be determined before the shareholders' meeting[69]. - Stock options can be exercised within a period determined by the board, not exceeding ten years from the offer date[70]. - The board may set performance targets that must be met before stock options can be exercised[72].

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。 A Metaverse Company 一 元 宇 宙 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1616） 截至二零二三年六月三十日止六個月之未經審核中期業績公告 一元宇宙公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）謹 此宣佈本集團截至二零二三年六月三十日止六個月的未經審核中期業績（「二零 二二年中期業績」）。本公告刊載本公司截至二零二三年六月三十日止六個月的中 期報告（「二零二三年中期報告」）全文，並符合香港聯合交易所有限公司（「聯交所」） 證券上市規則中有關未經審核中期業績初步公告附載的資料之要求。二零二三年 中期報告可於聯交所網站(www.hkexnews.hk)及本公司網站(www.starrise.cn)閱覽。 二零二二年中期報告的印刷版將於二零二三年十月四日或前後寄發予本公司股東。 繼續暫停買賣 本公司股份已於二零二二年四月一日上午九時正起在聯交所暫停買 ...

Financial Performance - The company's revenue for the year ended December 31, 2022, was RMB 38.09 million, a significant decrease of 60.3% compared to RMB 96.11 million in 2021[14]. - The company reported a loss before tax of RMB 229.56 million for 2022, improving from a loss of RMB 522.71 million in 2021[14]. - Total assets decreased to RMB 536.33 million in 2022 from RMB 785.09 million in 2021, reflecting a decline of 31.7%[14]. - The total liabilities of the company were RMB 317.81 million in 2022, down from RMB 345.82 million in 2021, indicating a reduction of 8.1%[14]. - The net asset value decreased to RMB 218.52 million in 2022 from RMB 439.27 million in 2021, a decline of 50.2%[14]. - The company's film and television business revenue for the year ended December 31, 2022, was approximately RMB 38.1 million, a decrease of about 60.4% compared to RMB 96.1 million in 2021[24]. - The gross loss for the year was approximately RMB 34.4 million, an increase of about RMB 20.6 million compared to a gross loss of RMB 13.8 million in the previous year[22]. - The net loss attributable to equity shareholders for the year was approximately RMB 223.8 million, a decrease of about RMB 310.1 million compared to a net loss of RMB 533.8 million in the previous year[22]. - The gross margin for the film and television business dropped from approximately (14.4%) in 2021 to about (90.3%) in 2022, a decline of about 75.9%[24]. - The loss attributable to shareholders for the year ended December 31, 2022, was approximately RMB 223.8 million, a reduction of about RMB 310.0 million compared to a loss of approximately RMB 533.8 million in 2021[36]. - The company recorded a net loss of approximately RMB 228,008,000 for the year[113]. Industry Challenges - The Chinese film industry faced significant challenges, with total box office revenue dropping to RMB 30.07 billion in 2022, a decrease of 36.07% from RMB 47.03 billion in 2021[16]. - The overall economic environment remains complex, with China's GDP growth at 3.0% in 2022, reflecting ongoing challenges from the pandemic[16]. - The film and television industry in China is expected to gradually improve as the economy recovers from the pandemic, with consumer spending now accounting for over 50% of GDP[65]. Strategic Initiatives - The company aims to enhance its film and television production capabilities by actively developing and seeking quality intellectual property (IP) projects[10]. - The company plans to expand its distribution channels while improving product quality to achieve better development[10]. - The company acknowledges the long-term potential of the film and television industry despite current pressures, as it remains a key focus for national development[8]. - The company plans to adjust its investment strategy and product structure based on regulatory policies and market preferences to enhance content quality and seek better investment opportunities[65]. - The company is focusing on the development of new content, with several projects in the script completion stage, indicating a robust pipeline for future releases[70]. - The company aims to leverage existing resources to enrich its media business and pursue diversified commercial opportunities to better reward shareholders[66]. Financial Management - The group confirmed a provision of approximately RMB 138.7 million to reduce the carrying amount of film and television assets to their recoverable amount[30]. - The average collection period for film and television accounts receivable increased to 1,394 days from 674 days in the previous year, indicating slower cash collection[38]. - As of December 31, 2022, the group's cash and cash equivalents were approximately RMB 10.9 million, a decrease of about 69.3% from RMB 35.5 million at the end of the previous year[38]. - The group had bank loans and lease liabilities of approximately RMB 39.4 million as of December 31, 2022, down from approximately RMB 69.2 million in the previous year[39]. - The debt-to-equity ratio as of December 31, 2022, was approximately 51.7%, compared to 25.5% in 2021[44]. - The company had cash and bank balances of only RMB 10,890,000 as of December 31, 2022, indicating significant uncertainty regarding its ability to continue as a going concern[113]. - The company has overdue bonds totaling RMB 41,176,000 since February 2022 and other borrowings of RMB 43,335,000 since November 2022[113]. Operational Expenses - Distribution costs for the year were approximately RMB 10.3 million, an increase of about 25.6% compared to RMB 8.2 million in the previous year, primarily due to the new metaverse business[26]. - Administrative expenses increased to approximately RMB 33.0 million, a rise of about 41.6% from RMB 23.3 million in the previous year, mainly due to the new metaverse business[28]. - Research and development expenses increased to approximately RMB 6.6 million, with no R&D expenses reported in the previous year, driven by the metaverse business[29]. - The group's other operating expenses for the year ended December 31, 2022, were approximately RMB 138.7 million, a decrease of about RMB 233.8 million compared to the same period last year, primarily due to a reduction in film and television impairment[30]. - The impairment loss for trade and other receivables was approximately RMB 31.2 million, a decrease of about RMB 81.2 million compared to the previous year, reflecting the impact of regulatory challenges in the media industry[31]. Corporate Governance - The company has a strong commitment to corporate governance, adhering to recognized standards and principles[91]. - The board consists of seven directors, including four executive directors and three independent non-executive directors[106]. - The company has established a Nomination Committee to review the board's structure and assess the independence of non-executive directors[121]. - The Remuneration Committee is responsible for recommending the overall remuneration policy for all directors and senior management[125]. - The company ensures independent opinions are introduced to the board through annual reviews of the mechanisms in place[120]. - The audit committee reviewed the financial reporting procedures and internal controls, ensuring compliance with applicable accounting standards for the year ended December 31, 2022[130]. - The external auditor, Deloitte, was appointed with an audit service fee of RMB 2.0 million for the year ended December 31, 2022[134]. - The board conducted a review of the company's corporate governance policies and practices, ensuring adherence to legal and regulatory requirements[133]. - The company is committed to timely disclosure of inside information in accordance with securities regulations[140]. Employee and Management Information - The group had 139 employees as of December 31, 2022, an increase from 108 in 2021[47]. - Employee costs for the year ended December 31, 2022, were approximately RMB 33.2 million, an increase from RMB 16.5 million in 2021, primarily due to the new metaverse business[47]. - Liu Zongjun was appointed as CEO on April 1, 2015, and has over 20 years of experience in the textile industry[76]. - Yang Qinyan has over 20 years of experience in media and advertising, currently serving as the president of a subsidiary company since May 2015[78]. - He Han has been the president of Beijing Xinghong Film and Television Culture Co., Ltd. since October 2015, which was acquired by the company in July 2016[79]. - Liu Chenhong has over 20 years of financial expertise and has held various leadership roles in international companies[83]. - Guo Bocheng has over 13 years of experience in accounting, auditing, and financial management, currently serving as CFO of a listed company since September 2020[84]. Shareholder Relations - The company did not recommend any dividend payment for the fiscal year ending December 31, 2022, due to its financial condition, but it is committed to maximizing shareholder returns in future years[150]. - The company maintains high transparency to enhance investor relations and has established communication channels to provide timely updates to shareholders and investors[150]. - The board is committed to maintaining good communication with all shareholders, emphasizing the importance of transparency in investor relations[150]. - Shareholders can request a special general meeting if they hold at least 10% of the paid-up capital and have voting rights[142].

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。 A Metaverse Company 一 元 宇 宙 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1616） 截至二零二二年十二月三十一日止年度之年度業績公告 一元宇宙公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）謹 此宣佈本集團截至二零二二年十二月三十一日止年度的經審核業績（「二零二二年 年度業績」）。本公告刊載本公司截至二零二二年十二月三十一日止年度的年度報 告（「二零二二年年報」）全文，並符合香港聯合交易所有限公司（「聯交所」）證券 上市規則中有關全年業績初步公告附載的資料之要求。二零二二年年報可於聯交 所網站(www.hkexnews.hk)及本公司網站(www.starrise.cn)閱覽。二零二二年年報的 印刷版將於二零二三年十月四日或前後寄發予本公司股東。 繼續暫停買賣 本公司股份已於二零二二年四月一日上午九時正起在聯交所暫停買賣，並將繼續 暫停買賣直至符 ...

Financial Performance - Revenue for the six months ended June 30, 2022, was approximately RMB 31.2 million, a decrease of about 58.1% compared to RMB 74.4 million in the same period last year[6]. - Gross profit was approximately RMB 0.9 million, down about 85.2% from RMB 5.2 million in the previous year, resulting in a gross margin of approximately 3.0%, a decrease of 5.2 percentage points from 8.2%[6]. - Loss attributable to equity shareholders was approximately RMB 16.2 million, slightly increasing by RMB 0.2 million compared to a loss of RMB 16.0 million in the same period last year[6]. - The company reported a pre-tax loss of approximately RMB 16.9 million for the six months ended June 30, 2022, an increase of about RMB 3.1 million from a pre-tax loss of RMB 13.8 million in the previous year[11]. - Operating loss for the six months ended June 30, 2022, was RMB 14,530 thousand, compared to a loss of RMB 6,555 thousand in the prior year, reflecting worsening operational performance[90]. - Net loss before tax for the period was RMB 16,857 thousand, compared to RMB 13,764 thousand in the previous year, showing an increase in losses[90]. - Basic and diluted loss per share for the six months ended June 30, 2022, was RMB 0.75, compared to RMB 1.00 and RMB 1.04 respectively for the same period in 2021[90]. - The total comprehensive loss for the six months ended June 30, 2022, was RMB (16,630,000), compared to RMB (16,736,000) for the same period in 2021[96]. Market Environment - The Chinese film market's box office for the first half of 2022 was RMB 17.19 billion, a decline of 37.7% compared to the same period last year, indicating a challenging environment for the industry[10]. - The number of cinema-goers in China during the first half of 2022 was approximately 400 million, a decline of 41.7% compared to the same period in 2021, with first-tier cities being the most affected[37]. - The total retail sales of consumer goods in China for the first half of 2022 were approximately RMB 2.1 trillion, a year-on-year decrease of 0.7%, but showed a recovery with a 3.1% increase in June[37]. Business Strategy and Development - The company changed its English name from "Starrise Media Holdings Limited" to "A Metaverse Company" to reflect its business strategy and future development direction[11]. - The company is in the process of developing multiple new projects, including the historical drama "Blood Alliance Millennium" and the animated film "Snowy Youth," with various other films and series at different stages of production[12]. - The company aims to explore further cost reduction and efficiency improvement strategies in response to the industry's challenges, focusing on strict content control rather than blind pursuit of traffic and IP[10]. - The company is actively preparing for the release of several films and series, with ongoing projects such as "Heartbeat Rescue" and "Sniper King" currently in production[12]. - The group is optimistic about the long-term development of the Chinese film and television industry and plans to adjust investment strategies and product structures based on market preferences and regulatory policies[38]. - The group is actively seeking opportunities in the film and television market and aims to produce high-quality dramas to better reward shareholders[38]. Financial Position - Cash and cash equivalents decreased by approximately 64.2% to about RMB 12.7 million as of June 30, 2022, from RMB 35.5 million as of December 31, 2021[23]. - The average accounts receivable turnover period increased significantly to approximately 1,190 days, compared to 432 days in the previous year, due to the adverse impact of the pandemic on revenue and accounts receivable settlements[24]. - The debt-to-asset ratio as of June 30, 2022, was approximately 30.3%, up from 25.5% as of December 31, 2021[26]. - The company reported a total of RMB 292,617,000 in film and television production costs as of June 30, 2022, down from RMB 373,499,000 as of December 31, 2021[123]. - The accumulated impairment loss for film and television production decreased from RMB 227,360,000 as of December 31, 2021, to RMB 172,364,000 as of June 30, 2022[123]. Shareholder Information - As of June 30, 2022, the total number of issued shares of the company was 2,151,577,026[44]. - Mr. Liu Dong holds 307,809,902 shares, representing approximately 14.31% of the company's equity[43]. - Cinedigm Corp. is a beneficial owner of 366,590,397 shares, accounting for 17.04% of the company's equity[46]. - Aim Right Ventures Limited holds 320,512,820 shares, which is about 14.90% of the company's equity[46]. - The company has a significant concentration of ownership, with the top five shareholders holding over 70% of the total shares[46]. - The company has a diverse shareholder base, including both individual and corporate entities[46]. Corporate Governance - The company has adopted corporate governance principles in line with recognized standards, ensuring compliance with the Listing Rules and enhancing efficiency and effectiveness[49]. - The audit committee reviewed the group's accounting principles and practices, confirming that the interim results comply with applicable accounting standards and regulations[51]. - No interim dividend was recommended for the six-month period ending June 30, 2022, consistent with the previous year[52]. Stock Option Plan - The stock option plan approved in 2012 allows the company to grant options to eligible participants, with a maximum of 30% of the total issued shares available for issuance upon exercise of options[54]. - The new stock option plan adopted on January 20, 2022, aims to incentivize selected participants for their contributions to the group[58]. - The total number of shares that may be issued upon exercise of options under the new plan is capped at 80,000,000 shares, representing 4.07% of the total issued shares as of the report date[55]. - The company has not granted, exercised, canceled, or let lapse any options under the stock option plan since its adoption[56]. - The exercise price of options granted under the stock option plan is determined by the board, with a minimum price of HKD 1[55]. Cash Flow and Investments - The net cash used in operating activities for the six months ended June 30, 2022, was RMB (88,948,000), compared to RMB 62,695,000 generated in the same period of 2021[98]. - The net cash generated from investing activities for the six months ended June 30, 2022, was RMB 81,323,000, down from RMB 120,429,000 in the prior year[98]. - The net cash used in financing activities for the six months ended June 30, 2022, was RMB (14,978,000), compared to RMB (29,291,000) in the same period of 2021[98]. Taxation and Compliance - The company's subsidiaries in China are subject to a corporate income tax rate of 25%, except for Hainan Ying Sheng Cultural Media Co., Ltd., which enjoys a preferential tax rate of 15% from 2021 to 2024[117]. - The company did not incur any current tax expenses for the period, compared to RMB 689,000 in the previous year[112].

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。 A Metaverse Company 一 元 宇 宙 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1616） 截至二零二二年六月三十日止六個月之未經審核中期業績公告 一元宇宙公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）謹 此宣佈本集團截至二零二二年六月三十日止六個月的未經審核中期業績（「二零 二二年中期業績」）。本公告刊載本公司截至二零二二年六月三十日止六個月的中 期報告（「二零二二年中期報告」）全文，並符合香港聯合交易所有限公司（「聯交所」） 證券上市規則中有關全年業績初步公告附載的資料之要求。二零二二年中期報告 可於聯交所網站(www.hkexnews.hk)及本公司網站(www.starrise.cn)閱覽。二零二二 年中期報告的印刷版將於二零二三年八月八日或前後寄發予本公司股東。 繼續暫停買賣 本公司股份已於二零二二年四月一日上午九時正起在聯交所暫停買賣，並將 ...

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。 A Metaverse Company 一 元 宇 宙 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1616） 截至二零二一年十二月三十一日止年度之業績公告 一元宇宙公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）謹 此宣佈本集團截至二零二一年十二月三十一日止年度的經審核業績（「二零二一年 全年業績」）。本公告刊載本公司截至二零二一年十二月三十一日止年度的年度報 告（「二零二一年年報」）全文，並符合香港聯合交易所有限公司（「聯交所」）證券 上市規則中有關全年業績初步公告附載的資料之要求。二零二一年年報可於聯交 所網站(www.hkexnews.hk)及本公司網站(www.starrise.cn)閱覽。二零二一年年報的 印刷版將於二零二三年六月二十一日或前後寄發予本公司股東。 繼續暫停買賣 本公司股份已於二零二二年四月一日上午九時正起在聯交所暫停買賣，並將繼 續暫停買賣直至另 ...

Financial Performance - Revenue for the six months ended June 30, 2021, was approximately RMB 744 million, an increase of about 143.9% compared to RMB 305 million in the same period last year[4] - Gross profit was approximately RMB 61 million, up approximately RMB 53 million, representing an increase of about 662.5% year-on-year[4] - Gross margin improved to approximately 8.2%, an increase of about 5.5 percentage points from approximately 2.7% in the same period last year[4] - Loss attributable to equity shareholders was approximately RMB 158 million, a decrease of about RMB 18 million compared to a loss of RMB 176 million in the same period last year[4] - The company’s pre-tax loss for the first half of 2021 was approximately RMB 135 million, a decrease of about RMB 59 million from a pre-tax loss of RMB 194 million in the same period last year[10] - The company reported a net loss of RMB 16,424,000 for the six months ended June 30, 2021, slightly improved from a net loss of RMB 17,621,000 in 2020[68] - The net loss attributable to shareholders for the six months ended June 30, 2021, was RMB 15,818,000, compared to a net loss of RMB 17,564,000 for the same period in 2020[89] Industry Overview - The film industry in China saw a total box office of approximately RMB 27.57 billion in the first half of 2021, indicating a gradual recovery despite not reaching pre-pandemic levels[8] - The number of registered companies in the film and television industry increased by approximately 157,000 in the first five months of 2021, surpassing the total for the previous five years[8] - The Chinese film box office reached approximately RMB 7.822 billion during the Spring Festival period, a 32.46% increase compared to RMB 5.905 billion in 2019, indicating a recovery in the film industry[36] - The proportion of domestic films in the Chinese market increased from approximately 70% in 2019 to about 87% in 2021, with box office share rising from about 47% to 77%[36] Content Development - The company plans to continue focusing on producing high-quality, positive-themed dramas, with approximately 15% of mainstream drama series on major video platforms being positive-themed works[11] - Several new projects are in various stages of production, including the youth musical film "Burning Wild Youth" which was released in July 2021[12] - The company is actively developing scripts for multiple upcoming television dramas and films, indicating a commitment to expanding its content portfolio[12] - The company has several projects in various stages of development, including animated films and web series, indicating ongoing investment in new content[13] - The company is actively expanding its content offerings with a diverse range of genres, including historical dramas and animated films[40] - The company has a strong pipeline of upcoming projects, with many titles scheduled for future release[39] Financial Position - The company's cash and cash equivalents increased to approximately RMB 164.7 million, a rise of about 1,319.8% compared to RMB 11.6 million at the end of 2020, driven by increased cash flows from operating and investing activities[23] - The total liabilities as of June 30, 2021, were approximately RMB 86.0 million, a decrease from RMB 197.4 million as of December 31, 2020, while cash and cash equivalents increased to approximately RMB 164.7 million from RMB 11.6 million[26] - The debt due within one year as of June 30, 2021, was RMB 73.6 million, down from RMB 185.2 million as of December 31, 2020[26] - The company's net asset value increased to RMB 981,261 thousand as of June 30, 2021, compared to RMB 923,832 thousand at the end of 2020, representing a growth of approximately 6.2%[72] - The company's equity attributable to shareholders increased to RMB 959,821 thousand as of June 30, 2021, from RMB 901,786 thousand at the end of 2020, reflecting a growth of approximately 6.4%[75] Shareholder Structure - The company has a total of 1,966,766,900 shares issued as of June 30, 2021, with major shareholders holding significant stakes, including Mr. Liu Dong with 15.65%[45] - Aim Right Ventures Limited holds 522,985,476 shares, representing 26.59% of the company's equity[47] - Cinedigm Corp. owns 366,590,397 shares, accounting for 18.64% of the total equity[47] - The total shares held by major shareholders indicate a concentrated ownership structure, with the top three shareholders holding over 60% of the equity[47] - The company’s governance structure is influenced by major shareholders, which may impact strategic decisions moving forward[47] Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, ensuring compliance and continuous improvement in governance practices[52] - The board consists of seven members, with two female directors, representing nearly one-third of the board[55] - The nomination committee will report on board diversity annually and monitor the implementation of the diversity policy[56] - All directors confirmed compliance with the standard code of conduct for securities trading during the review period[57] Cost Management - Distribution costs decreased by approximately RMB 1.2 million, from RMB 4.7 million in the previous year to RMB 3.5 million, due to better control of sales personnel expenses and promotional costs[15] - Administrative expenses were approximately RMB 9.7 million, a reduction of about 17.8% from RMB 11.8 million in the previous year, attributed to cost control measures[16] - Key management personnel compensation for the six months ended June 30, 2021, was RMB 1,243,000, a decrease from RMB 2,483,000 in the same period of 2020[124] Financing Activities - The company issued 101,137,134 shares at a subscription price of HKD 0.156 per share to repay debts, raising approximately HKD 15.73 million[43] - The company has a convertible bond with a face value of HKD 300,000,000, with a coupon rate of 5% and a maturity date that can be extended to 2022[102] - The company redeemed HKD 60,000,000 of convertible bonds early as of December 14, 2020[108] - The company issued bonds totaling HKD 43,000,000 on December 11, 2020, with an interest rate of 8% and a maturity date of December 11, 2021, which can be extended to December 11, 2022[110] Impairment and Losses - The impairment loss on film and television assets increased significantly to RMB 9,432,000 in 2021 from RMB 2,478,000 in 2020, reflecting a rise of approximately 280%[86] - The total other income decreased significantly to RMB 11,578,000 in 2021 from RMB 110,785,000 in 2020, a decline of approximately 90%[84] - The company has not recognized any further impairment losses on goodwill for the six months ended June 30, 2021, compared to an impairment loss of RMB 80,629,000 for the same period in 2020[93]