Financial Performance - The total revenue for the year ended December 31, 2020, was approximately RMB 876 million, a decrease of about 58.8% compared to RMB 2,126 million for the year ended December 31, 2019[9]. - Gross profit fell from approximately RMB 614 million for the year ended December 31, 2019, to about RMB 333 million, representing a decline of approximately 45.8%[9]. - Net profit decreased by approximately 95.1% to around RMB 12 million from RMB 248 million for the year ended December 31, 2019[9]. - Revenue from licensing television drama rights was approximately RMB 81 million, a significant decrease of about 96.0% from RMB 1,047 million in the previous year[15]. - Revenue from investing in television dramas as a non-executive producer increased by approximately 906.7% to RMB 795 million from RMB 79 million in the previous year[15]. - The company's total revenue decreased by approximately 58.8% from RMB 212.6 million in 2019 to RMB 87.6 million in 2020, primarily due to a decline in revenue from television drama licensing[19]. - Revenue from television drama licensing dropped 96.0% from approximately RMB 204.7 million in 2019 to about RMB 8.1 million in 2020, significantly impacted by the COVID-19 pandemic[22]. - Revenue from investments as a non-executive producer increased by approximately 906.7%, rising from RMB 7.9 million in 2019 to RMB 79.5 million in 2020, mainly due to the investment in the drama "The Amazing Pediatrician"[23]. - The company's gross profit decreased by approximately 45.8% from about RMB 61.4 million in 2019 to approximately RMB 33.3 million in 2020, attributed to reduced revenue from television drama licensing[27]. - The gross profit margin improved from approximately 28.9% in 2019 to about 38.0% in 2020[27]. - Profit before tax decreased from approximately RMB 27.98 million for the year ended December 31, 2019, to about RMB 3.00 million for the year ended December 31, 2020[41]. - Net profit decreased by approximately 95.1% from about RMB 24.8 million for the year ended December 31, 2019, to approximately RMB 1.2 million for the year ended December 31, 2020, with a net profit margin dropping from approximately 11.7% to 1.4%[42]. Operational Challenges - The impact of the COVID-19 pandemic has adversely affected the company's operations and financial condition[15]. - The company anticipates continued challenges in the industry and expects a limited number of new television dramas to be approved in the coming year[11]. - The company plans to modify existing scripts and optimize promotional channels for premieres to adapt to the challenges posed by the pandemic[18]. - Future business recovery is anticipated as COVID-19 restrictions are gradually lifted, allowing for the resumption of advertising and marketing activities[18]. Strategic Initiatives - The company plans to strengthen its business relationships with online video platforms and enhance its licensing business for television drama rights[11]. - The company is exploring investments in online dramas and films, including recruiting project planners with relevant backgrounds and establishing connections with major online video platforms[11]. - The company aims to diversify its revenue streams and expand relationships with online video platforms[18]. - The company has invested in the production of the online movie "Heroic Era: The Key of Kowloon," although it has not yet been released during the reporting period[16]. - The company is actively seeking suitable target TV dramas for copyright acquisition as of December 31, 2020[71]. Corporate Governance - The company appointed Mr. Zhong Ming Shan as an independent non-executive director in December 2019, who has approximately 30 years of experience in accounting and finance[88]. - Mr. Xu Zong Zheng, also appointed in December 2019, has around 16 years of experience in film and television production, having produced over 20 works since 2004[89]. - Ms. Liu Jing Ping, appointed in June 2020, has extensive experience in the film and television production and investment industry, serving as CEO of Beijing Film Sunshine Industry Development Co., Ltd. since July 2017[89]. - The board is committed to maintaining high levels of corporate governance to protect shareholder interests and enhance corporate value[98]. - The company has adopted the Corporate Governance Code as a basis for its governance practices since its listing[98]. - The board has established three committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific areas of governance[100]. - The board consists of twelve members, including six executive directors, two non-executive directors, and four independent non-executive directors, complying with listing rules[104]. - The roles of the chairman and CEO are separated, with Liu Naiyue as chairman and Wu Tao as CEO, enhancing strategic effectiveness[105]. - The company has confirmed compliance with the corporate governance code regarding ongoing professional development for all directors[111]. Financial Position - As of December 31, 2020, the company's current assets net value was approximately RMB 434.9 million, an increase from RMB 332.1 million in 2019[49]. - The company's cash and bank balances increased to approximately RMB 143.4 million as of December 31, 2020, up from RMB 5.5 million in 2019, representing an increase of approximately RMB 137.9 million[49]. - The current ratio increased from approximately 5.4 times as of December 31, 2019, to approximately 13.8 times as of December 31, 2020[53]. - The debt-to-asset ratio decreased from approximately 5.5% as of December 31, 2019, to zero as of December 31, 2020, primarily due to the repayment of other borrowings and bank loans[54]. Environmental and Social Responsibility - The total greenhouse gas emissions amounted to 8.74 tons of CO2 equivalent, with direct emissions at 4.77 tons and indirect emissions at 3.97 tons, resulting in an emission intensity of 1.00 kg CO2 equivalent per 10,000 revenue[175]. - The company has implemented a paperless office system to reduce paper consumption and encourages employees to use double-sided printing[176]. - The company actively promotes energy-saving measures, such as managing business vehicle usage to reduce direct greenhouse gas emissions[176]. - The company has a low energy consumption and pollution profile, primarily impacting the environment through paper and electricity usage[172]. - The company emphasizes employee health and safety, providing annual health check-ups and ensuring compliance with social insurance regulations[189]. - The company has not reported any safety or health-related incidents during the reporting period[191]. Employee Development - The total number of employees is 24, with an equal gender distribution of 12 males and 12 females[182]. - Employee compensation consists of basic salary, position salary, seniority salary, bonuses, special rewards, and insurance benefits, with social insurance contributions based on the previous year's salary[185]. - The company has implemented a five-day work week and provides various paid leave options, including maternity leave and annual leave[185]. - During the reporting period, the company recruited 1 new employee and engaged 3 interns from universities, enhancing talent development in the film and television industry[186]. - The company organized 20 internal training sessions covering topics such as television drama sales and new employee onboarding, focusing on employee development needs[194].

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 ...