Revenue Performance - Revenue increased by approximately 425.8% to about RMB 2.6 million for the six months ended June 30, 2022, compared to approximately RMB 0.5 million for the same period in 2021[8]. - Revenue for the six months ended June 30, 2022, was RMB 2,571,000, compared to RMB 489,000 for the same period in 2021, representing a significant increase of 426%[108]. - Customer contract revenue reached RMB 2,484,000, up from RMB 489,000 in the previous year, indicating a growth of 408%[108]. - The revenue from licensing external television drama broadcasting rights was RMB 2,136,000, a substantial increase from RMB 113,000 in the prior year[111]. Financial Losses - The group recorded a gross loss of approximately RMB 10.3 million for the six months ended June 30, 2022, compared to a gross loss of approximately RMB 5.6 million for the same period in 2021[8]. - The net loss for the six months ended June 30, 2022, was approximately RMB 13.7 million, significantly reduced from a net loss of approximately RMB 27.9 million for the same period in 2021[8]. - The net loss for the period was RMB (13,674,000), a reduction from RMB (27,942,000) in the previous year, indicating an improvement of approximately 51%[79]. - Loss attributable to equity holders of the parent decreased to approximately RMB 13.7 million from approximately RMB 27.9 million, mainly due to increased revenue and reduced financial asset impairment losses[24]. Cost and Expenses - Operating sales costs increased by 112.9% from approximately RMB 6.0 million to approximately RMB 12.9 million for the six months ended June 30, 2022, primarily due to impairment losses on self-produced TV dramas[17]. - Administrative expenses decreased by approximately 19.8% to about RMB 5.9 million from approximately RMB 7.4 million, primarily due to reduced compensation and travel expenses[21]. - The company reported other income and gains of RMB 248,000, down from RMB 822,000 in the previous year[79]. - The company experienced a foreign exchange loss of RMB (2,340,000) during the period, which may impact future financial performance[82]. Production and Development - The main revenue during the reporting period was derived from the licensing of purchased television drama rights, specifically from "Lion Rock" and "I Am Fine in a Foreign Land"[10]. - The group completed the filming of a self-produced television drama during the reporting period, which is currently in post-production[11]. - The group is actively exploring and experimenting with investments and productions in web dramas and online movies due to the increasing popularity of these formats[14]. - The group plans to strengthen its development in the field of web dramas and online movies by establishing business relationships with major online video platforms[14]. Cash and Assets - As of June 30, 2022, cash and cash equivalents totaled approximately RMB 55.1 million, down from approximately RMB 118.0 million as of December 31, 2021[27]. - Current assets decreased to RMB 408,985,000 from RMB 422,704,000, representing a decline of 3.2%[84]. - The company experienced a cash outflow from operating activities of RMB 65,990,000 for the first half of 2022, compared to RMB 10,505,000 for the same period in 2021, indicating a significant increase in cash usage[91]. - Inventory increased significantly to RMB 143,116,000 from RMB 92,886,000, representing a rise of 54%[84]. Shareholder Information - As of the report date, the directors and key executives held a total of 239,002,500 shares, representing approximately 23.04% of the company[59]. - BLW Investment Limited holds approximately 23.04% of the shares, with key shareholders including Bai Yang (43.44%), Liu Peiyao (23.17%), Wu Tao (15.44%), Liu Naiyue (9.65%), and Wei Xian (8.30%)[69]. - The company has a significant concentration of ownership among its core shareholders, indicating potential influence over corporate decisions[69]. - The ownership structure reflects a high level of control by a small group of shareholders, which may impact governance and strategic direction[69]. Governance and Compliance - The company has adopted corporate governance practices in compliance with the listing rules and has maintained adherence throughout the reporting period[47]. - The board of directors confirmed compliance with the standard code for securities transactions during the entire reporting period[48]. - The audit committee reviewed the financial statements for the six months ended June 30, 2022, and confirmed compliance with applicable accounting standards and regulations[77]. Dividends and Securities - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2022[8]. - No interim dividend was declared or proposed during the reporting period, consistent with the previous year[43]. - The company did not purchase, sell, or redeem any listed securities during the reporting period[46]. Market Outlook - The board anticipates that the overall outlook for the industry and business environment will remain challenging in the next six months[14]. - The company has temporarily suspended the production of one planned television drama due to changing market trends and customer preferences[57].

Financial Performance - The total revenue for the year ended December 31, 2021, was approximately RMB 431 million, a decrease of about 50.8% compared to RMB 876 million for the year ended December 31, 2020[9]. - Gross profit fell approximately 100.8% to about RMB 3 million from approximately RMB 333 million in the previous year[9]. - The net loss for the reporting period was approximately RMB 380 million, a decrease of about 3,197.1% from a net profit of approximately RMB 12 million in the previous year[9]. - Revenue from licensing television drama rights was approximately RMB 362 million, an increase of about 344.5% from RMB 81 million in the previous year[14]. - Revenue from investment in television dramas, web dramas, and films as a non-executive producer was approximately RMB 70 million, a decrease of about 91.2% from RMB 795 million in the previous year[14]. - Total revenue decreased by approximately 50.8% from RMB 87.6 million in 2020 to RMB 43.1 million in 2021, primarily due to changes in broadcasting plans and delays in production caused by the COVID-19 pandemic[17]. - Other income and gains decreased by 78.7% from approximately RMB 71.26 million in 2020 to approximately RMB 15.15 million in 2021, primarily due to government subsidies received in 2020 for the successful listing on the stock exchange[28]. - The net profit decreased by approximately 3,197.1% from a profit of approximately RMB 12 million in 2020 to a loss of approximately RMB 380 million in 2021, resulting in a net profit margin decline from approximately 1.4% to negative 88.0%[36]. Business Operations - The company is currently involved in the production of 2 web dramas and has invested in 4 web dramas, aiming to expand its business with online video platforms[10]. - The company has successfully completed the sale of 1 self-produced and 1 externally purchased television drama during the reporting period[14]. - The company plans to continue exploring opportunities in web drama and online movie production to diversify its revenue sources[10]. - The company has suspended the production of 1 television drama due to market trends and competition, reallocating resources to other business opportunities[14]. - The company participated in the production of 2 web dramas and 1 web movie during the reporting period, adapting to market trends[15]. - The company aims to restore a more proactive business operation and achieve better performance and returns in 2022[15]. - The company is committed to using its resources flexibly to seize new business opportunities in response to market trends[68]. Cost Management - The cost of sales decreased by approximately 20.1% from about RMB 54.3 million in 2020 to about RMB 43.4 million in 2021, primarily due to reduced costs in the non-executive production segment[22]. - Sales costs for the television drama broadcasting rights segment increased by approximately 820.8% from about RMB 4.2 million in 2020 to about RMB 38.3 million in 2021, due to increased revenue from licensing[22]. - Administrative expenses decreased by approximately 8.2% from approximately RMB 159.56 million in 2020 to approximately RMB 146.48 million in 2021, mainly due to a reduction in listing expenses[31]. - Financial asset impairment losses amounted to approximately RMB 27.5 million, primarily due to an increase in long-term overdue trade receivables[32]. Corporate Governance - The board consists of 12 directors, including 6 executive directors, 2 non-executive directors, and 4 independent non-executive directors, ensuring compliance with listing rules[103]. - The company has adopted the corporate governance code as a basis for its governance practices, ensuring adherence to applicable rules since its listing[97]. - The board is responsible for the overall leadership and supervision of the group's strategic decisions and performance monitoring[99]. - The company has established three board committees: audit committee, remuneration committee, and nomination committee to oversee specific areas[99]. - The company has maintained a high level of corporate governance to protect shareholder interests and enhance corporate value[97]. - The company has undergone a change in board composition, with the appointment of a new director effective May 25, 2021[103]. - The company has continuously reviewed and improved its corporate governance practices to ensure compliance with the governance code[97]. Employee Relations - As of December 31, 2021, the group employed 28 full-time employees, an increase from 24 in 2020[56]. - The company promotes a healthy work environment and provides training opportunities to employees, ensuring compliance with labor contract terms[180]. - Employee compensation includes basic salary, position salary, seniority salary, bonuses, special rewards, and insurance benefits, with social insurance contributions based on the previous year's salary[193]. - The company conducts annual health check-ups for employees at a tertiary hospital and provides supplementary medical insurance[197]. - The company organized team-building activities and cultural events, including 1 outdoor team-building event and 2 annual meetings[200]. Environmental, Social, and Governance (ESG) - The company published its annual ESG report covering the period from January 1, 2021, to December 31, 2021, detailing its management policies and performance in environmental, social, and governance aspects[163]. - Key ESG issues identified include product quality, intellectual property protection, customer relationship management, and labor management, among others[170]. - The company aims to ensure sustainable business development while providing stable and long-term returns to shareholders[171]. - The report adheres to the ESG reporting guidelines set by the Hong Kong Stock Exchange, ensuring compliance with regulatory requirements[167]. - The company has established a comprehensive ESG management system involving the board, management, and relevant departments to enhance ESG performance[176]. - The report emphasizes the importance of stakeholder engagement in identifying and prioritizing ESG issues[175].

Financial Performance - Revenue decreased by approximately 91.4% to about RMB 0.5 million for the six months ended June 30, 2021, compared to approximately RMB 5.7 million for the same period in 2020[8]. - The group recorded a gross loss of approximately RMB 5.6 million for the six months ended June 30, 2021, compared to a gross profit of approximately RMB 3.0 million for the same period in 2020[8]. - Net loss for the six months ended June 30, 2021, was approximately RMB 27.9 million, significantly higher than the net loss of approximately RMB 6.5 million for the same period in 2020[8]. - The increase in sales costs was 126.5%, rising to approximately RMB 6.0 million for the six months ended June 30, 2021, from approximately RMB 2.7 million for the same period in 2020[15]. - Other income and gains during the reporting period were approximately RMB 0.8 million, a decrease from RMB 5.4 million for the same period last year, primarily due to reduced government subsidies from the Chinese government[16]. - Selling and distribution expenses were approximately RMB 0.6 million, remaining relatively stable compared to RMB 0.7 million for the six months ended June 30, 2020[18]. - Administrative expenses decreased by approximately 11.4% to RMB 7.4 million from RMB 8.3 million in the same period last year, mainly due to reduced listing expenses[19]. - Financial asset impairment losses increased to approximately RMB 21.3 million from RMB 5.7 million in the previous year, attributed to an increase in the aging of trade receivables[20]. - The loss attributable to equity holders of the parent company was approximately RMB 27.9 million, compared to RMB 6.5 million in the same period last year, primarily due to decreased revenue and increased financial asset impairment provisions[22]. - The company reported a pre-tax loss of RMB (34,162,000), which is a substantial increase from the pre-tax loss of RMB (6,636,000) in the previous year[73]. - The net loss for the period was RMB (27,942,000), compared to a net loss of RMB (6,517,000) in 2020, indicating a significant decline in performance[73]. - Basic and diluted loss per share was RMB (2.69) compared to RMB (0.65) in the prior year, reflecting a worsening financial position[73]. - The company reported a total comprehensive loss for the first half of 2021 of RMB 28,501 thousand, compared to a total comprehensive loss of RMB 3,970 thousand in the first half of 2020[82]. Business Operations - The group granted licenses for five television dramas during the reporting period, including four self-produced and one purchased[10]. - The board anticipates that the overall industry and business environment will remain very challenging in the coming year, with a limited number of new television drama licenses expected[12]. - The company plans to expand its business by developing and strengthening relationships with online video platforms to capture new opportunities in the television drama market[12]. - The group is currently in the preliminary production of two web dramas and is exploring investments in web dramas and online movies[12]. - The company aims to diversify its revenue sources and enhance overall profitability by expanding cooperation with new media channels[12]. - The board has decided not to declare an interim dividend for the six months ended June 30, 2021[8]. - The board has decided to suspend the production of one of the planned television dramas due to changing market trends and customer preferences[50]. Financial Position - As of June 30, 2021, the total cash and cash equivalents amounted to approximately RMB 127.8 million, down from RMB 143.4 million as of December 31, 2020[24]. - The equity attributable to equity holders of the parent company decreased by approximately 6.3% to RMB 425.3 million from RMB 453.8 million at the end of the previous year, mainly due to the reported loss during the period[25]. - The company had no bank borrowings as of June 30, 2021, and maintained a debt-to-equity ratio of zero, consistent with the end of the previous year[24]. - Total assets as of June 30, 2021, were RMB 426,516,000, a decrease from RMB 455,268,000 as of December 31, 2020[79]. - Current assets decreased to RMB 430,934,000 from RMB 468,932,000, indicating a decline in liquidity[79]. - The company’s cash and cash equivalents were RMB 127,834,000, down from RMB 143,366,000 at the end of 2020[79]. - The total equity attributable to the owners of the parent was RMB 425,326,000, a decrease from RMB 453,827,000 at the end of the previous year[79]. - The company recorded a foreign exchange loss of RMB 559 thousand during the first half of 2021, compared to a gain of RMB 2,547 thousand in the same period of 2020[85]. - The company made adjustments for inventory write-downs amounting to RMB 5,956 thousand in the first half of 2021, while trade receivables impairment was RMB 18,233 thousand[85]. - The company’s total assets as of June 30, 2021, were not explicitly stated in the provided documents, indicating a need for further disclosure in future reports[92]. Shareholder Information - Major shareholders hold significant stakes, with Liu Naiyue, Liu Peiyao, and Wei Xian each owning 23.04% of the company[52]. - BLW Investment Limited holds 239,002,500 shares, representing approximately 23.04% of the total shares[60]. - Suiyong International Limited owns 110,010,000 shares, accounting for 10.60% of the total shares[60]. - SDJZ Investment Limited has 100,622,500 shares, which is about 9.69% of the total shares[60]. - JMJ Group Limited holds 86,872,500 shares, representing 8.37% of the total shares[60]. - SYYT Investment Limited owns 70,002,500 shares, accounting for 6.74% of the total shares[60]. - Jinping Holding Limited has 54,997,500 shares, which is approximately 5.30% of the total shares[60]. - The core shareholders of BLW Investment Limited include Bai Yang, Liu Peiyao, Wu Tao, Liu Naiyue, and Wei Xian, holding approximately 43.44%, 23.17%, 15.44%, 9.65%, and 8.30% of shares respectively[62]. - The company confirmed that core shareholders will continue to act in concert regarding their control over BLW Investment Limited until otherwise terminated[62]. Management and Governance - The board of directors experienced changes, with Wu Tao resigning as CEO on August 27, 2021, and Cai Xiaoxin appointed as the new CEO on the same day[65]. - The company adopted a share option plan on December 12, 2019, allowing for a maximum of 10% of issued shares (100,000,000 shares) to be granted under the plan[66]. - The company has not granted or agreed to grant any share options under the share option scheme as of the report date[67]. - The total remuneration paid to key management personnel increased to RMB 567,000 from RMB 479,000 year-over-year[128]. Accounting and Compliance - The company adopted simplified accounting methods for lease payments affected by COVID-19, with no significant impact on financial performance reported[97]. - The company has only one operating segment, with no division based on product lines, indicating a streamlined operational structure[100]. - The company has not disclosed any major customers contributing over 10% of revenue for the current period, contrasting with previous periods[102]. - The company anticipates no impact on its financial position from the recent accounting policy changes related to interest rate benchmarks[97]. - The change in level 3 fair value measurement during the period shows an increase from RMB 4,260,000 on January 1, 2021, to RMB 9,300,000 on June 30, 2021, with purchases of RMB 5,040,000[135]. - There were no transfers between level 1 and level 2 fair value measurements during the period, nor any transfers into or out of level 3[135]. - No significant events affecting the group occurred after June 30, 2021[136].

2020 年度報告 目錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 4 | | 管理層討論及分析 | 6 | | 董事及高級管理層 | 19 | | 企業管治報告 | 25 | | 環境、社會及管治報告 | 40 | | 董事會報告 | 51 | | 獨立核數師報告 | 67 | | 經審核財務報表 | | | 綜合損益表 | 73 | | 綜合全面收益表 | 74 | | 綜合財務狀況表 | 75 | | 綜合權益變動表 | 77 | | 綜合現金流量表 | 78 | | 財務報表附註 | 80 | | 五年摘要 | 142 | 1 新石文化投資有限公司 2020年度報告 目錄 公司資料 董事會 執行董事 劉乃岳先生 （主席） 劉佩瑤女士 魏賢女士 李芳女士 許軍先生 曲國輝先生 非執行董事 邵輝先生 沈毅女士 獨立非執行董事 冼國明先生 鐘明山先生 徐宗政先生 劉京平女士 董事委員會 審核委員會 鐘明山先生 （主席） 冼國明先生 徐宗政先生 薪酬委員會 徐宗政先生 （主席） 鐘明山先生 冼國明先生 提名委員會 冼國明先生 （主席） 徐宗政先生 鐘明山先生 聯席公司秘書 歐陽銘 ...

Financial Performance - Revenue decreased by approximately 96.1% to about RMB 5.7 million for the six months ended June 30, 2020, compared to approximately RMB 145.3 million for the same period in 2019[7] - Gross profit fell by approximately 91.9% to about RMB 3.0 million for the six months ended June 30, 2020, down from approximately RMB 37.2 million in the same period of 2019[7] - The net loss for the six months ended June 30, 2020, was approximately RMB 6.5 million, compared to a net profit of approximately RMB 15.1 million for the same period in 2019[7] - Basic and diluted loss per share was approximately RMB 0.65 for the six months ended June 30, 2020, compared to earnings of approximately RMB 2.02 per share for the same period in 2019[7] - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2020[7] - Revenue from granting television drama broadcasting rights was approximately RMB 5.7 million, a decrease of about 95.9% from approximately RMB 137.4 million in the same period last year[9] - The significant decline in profit was mainly due to the impact of the COVID-19 pandemic, which delayed the airing of several television dramas[9] Cost and Expenses - During the reporting period, the sales cost and gross profit were approximately RMB 2.7 million and RMB 3.0 million, respectively, representing a decrease of about 97.5% and 91.9% compared to the same period last year[17] - Selling and distribution expenses were approximately RMB 0.7 million, a decrease of about 82.3% from approximately RMB 3.8 million in the same period last year, mainly due to reduced advertising and marketing activities caused by the COVID-19 pandemic[22] - Administrative expenses were approximately RMB 8.3 million, a decrease of about 43.2% from approximately RMB 14.7 million in the same period last year, primarily due to reduced listing expenses[23] - The financial asset impairment loss for the reporting period was approximately RMB 5.7 million, compared to a reversal of RMB 3.6 million in the same period last year, due to long overdue trade receivables[25] - The financing cost for the reporting period was approximately RMB 0.3 million, a decrease of about 78.0% from approximately RMB 1.5 million in the same period last year, due to the repayment of certain bank loans[26] Cash Flow and Financial Position - As of June 30, 2020, the total bank loans amounted to approximately RMB 13.0 million, down from approximately RMB 19.0 million at the end of 2019, while cash and cash equivalents totaled approximately RMB 109.2 million, up from approximately RMB 14.5 million[30] - The debt-to-equity ratio as of June 30, 2020, was approximately 2.9%, a decrease of about 2.6 percentage points from approximately 5.5% at the end of 2019[31] - The company reported a cash flow from operating activities of RMB (13,649) thousand, a decrease from RMB 4,862 thousand in the same period of 2019[96] - The company raised RMB 127,304 thousand from issuing shares during the reporting period[98] - The net cash used in financing activities was RMB 105,880 thousand, a significant improvement from RMB (13,240) thousand in the previous year[100] Shareholder Structure - The company has a significant shareholder structure, with Liu Naiyue, Liu Peiyao, and Wei Xian each holding 239,002,500 shares, representing 23.04% ownership each[60] - Shao Hui holds 90,622,500 shares, accounting for 8.74% of the total shares[60] - Xu Jun has 86,872,500 shares, which is 8.37% of the total shares[60] - The core shareholders have agreed to maintain a concerted action arrangement for five years, ensuring control over the company[64] - The company has a diversified ownership structure with significant stakes held by various entities, including SDJZ Investment Limited and JMJ Group Limited[69] Corporate Governance - The company has adopted high standards of corporate governance to enhance shareholder value and accountability[50] - The report indicates no other significant interests or short positions held by directors or key executives beyond those disclosed[65] - The company is committed to maintaining a unified action agreement among core shareholders for five years from April 2016[71] Future Plans and Strategies - The company plans to implement measures in the second half of 2020, including preparing for the filming of television dramas and recruiting new staff for urgent positions[12] - The company aims to explore and develop business relationships with online video platforms and attempt new types of productions, such as web dramas and short videos[14] - The company will continue to implement control measures to mitigate the impact of COVID-19 while striving to improve financial performance through the aforementioned strategies[14] Inventory and Trade Receivables - The company’s inventory increased to RMB 153,999,000 from RMB 98,580,000 at the end of 2019, indicating a potential buildup of stock[87] - Trade receivables decreased from RMB 199,438,000 in 2019 to RMB 110,585,000 in 2020, with a provision for impairment of RMB 13,500,000[139] Events After Reporting Period - There have been no significant events occurring after the reporting period up to the date of this report[48] - The company has not engaged in any major litigation, arbitration, or claims as of the report date[44]

目錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 4 | | 管理層討論及分析 | 5 | | 董事及高級管理層 | 16 | | 企業管治報告 | 23 | | 環境、社會及管治報告 | 34 | | 董事會報告 | 47 | | 獨立核數師報告 | 63 | | 經審核財務報表 | | | 綜合損益表 | 69 | | 綜合全面收益表 | 70 | | 綜合財務狀況表 | 71 | | 綜合權益變動表 | 73 | | 綜合現金流量表 | 74 | | 財務報表附註 | 76 | | 四年摘要 | 136 | 1 新石文化投資有限公司 2019年度報告 公司資料 董事會 執行董事 劉乃岳先生 （主席） 劉佩瑤女士 魏賢女士 李芳女士 非執行董事 邵輝先生 沈毅女士 獨立非執行董事 冼國明先生 鐘明山先生 徐宗政先生 董事委員會 審核委員會 鐘明山先生 （主席） 冼國明先生 徐宗政先生 薪酬委員會 徐宗政先生 （主席） 鐘明山先生 冼國明先生 提名委員會 冼國明先生 （主席） 徐宗政先生 鐘明山先生 聯席公司秘書 歐陽銘賢先生 王海婷女士（自二零二零年四月九日起獲委任） 授權代表 ...