智通财经 APP获悉，自2024年开年以来，优质影片持续上映，元旦档和春节档分别以15.33亿和80.16亿的票房成绩取得了中国影史同档期票房 新高。然而，"热辣"般的春节档却在节后热度不减，仅仅不到一周时间，2月电影总票房就飙升至三位数。据灯塔专业版数据，截至2月23日10 时27分，2024年2月总票房(含预售)破100亿。〈热辣滚烫〉〈飞驰人生2〉〈第二十条〉暂列本月票房前三位。受此消息影响，电影概念股涨 幅居前，截至收市，猫眼娱乐(01896)超涨13.36%，IMAX中国(01970)、阿里影业(01060)分别上涨3.17%、2.17%。 数据截至2024.2.23 10:27:21 场次 1025.65万 总出票 2.09亿张 平均票价 47.8 a 电影票房排名 含服务费 影片 单月票房 票房占比 平均票价 场均人次 (万) 热辣滚烫 312196.81 31.2% 48.6 30.8 2024-02-10上映 飞驰人生2 282362.01 28.2% 48.9 29.2 2024-02-10上映 第二十条 179638.93 18.0% 47.5 25.0 2024-02-10上映 熊出没 ...

Financial Performance - Revenue increased from RMB 1,191.4 million in H1 2022 to RMB 2,196.9 million in H1 2023, representing an 84.3% growth[9] - Gross profit for H1 2023 was RMB 1,101.2 million, compared to RMB 622.4 million in H1 2022, marking a 77% increase[9] - Net profit for H1 2023 reached RMB 405.2 million, up from RMB 151.9 million in H1 2022, reflecting a 167.5% increase[9] - Adjusted EBITDA for H1 2023 was RMB 584.4 million, compared to RMB 282.0 million in H1 2022, indicating a 106.5% growth[9] - Operating profit rose to RMB 518.4 million, representing 23.6% of total revenue, compared to 15.5% in the previous year[21] - The company reported a net profit of RMB 405.2 million for the first half of 2023, up from RMB 151.9 million in the same period of 2022, indicating a growth rate of 167.5%[21] - EBITDA for the first half of 2023 was RMB 578.7 million, which is 26.3% of total revenue, compared to 22.6% in the previous year[21] - Basic earnings per share rose to RMB 0.36, compared to RMB 0.13 in the previous year, indicating a 176.9% increase[80] - The company reported a total comprehensive income of RMB 466,450 thousand for the period, compared to a loss of RMB 1,470 thousand, indicating a substantial turnaround[85] Market Performance - The domestic box office in China for H1 2023 was RMB 26.271 billion, a 52.91% increase year-on-year[10] - The national performance market saw a 673.49% increase in box office revenue for H1 2023 compared to the previous year[10] - In the first half of 2023, the company participated in the distribution of 23 domestic films, capturing nearly 80% of the domestic box office, achieving historical highs in both the number of films and box office share[13] - The film "Man Jiang Hong," distributed and produced by the company, grossed over 4.5 billion yuan, ranking sixth in Chinese film history, while "Ren Sheng Lu Bu Shu" surpassed 1.1 billion yuan, becoming the box office champion during the May Day holiday[13] Business Operations - The company participated in the distribution and production of 24 domestic films in H1 2023, significantly increasing its market coverage[11] - The "Real-time Hot Search" feature has been iterated multiple times, enhancing its utility as an essential tool for industry practitioners[12] - The "Cloud Package" service saw over 140% increase in order numbers, indicating strong demand for innovative marketing solutions[12] - The company has established a leading promotional system with high-quality service capabilities and a professional team, enhancing its market influence[12] - The company has strengthened its online ticketing service capabilities, optimizing user experience and maintaining market competitiveness, while also supporting various cultural activities across multiple provinces[15] - The company has expanded its ticketing-related business outside mainland China, providing quality ticketing systems and operational services for major events in Hong Kong[16] Financial Position - Total assets increased from RMB 10,258.0 million as of December 31, 2022, to RMB 12,517.1 million as of June 30, 2023, representing a growth of 22.0%[39] - Total liabilities rose from RMB 2,084.2 million as of December 31, 2022, to RMB 3,872.5 million as of June 30, 2023, an increase of 85.6%[39] - The debt-to-asset ratio increased from 20.3% as of December 31, 2022, to 30.9% as of June 30, 2023[39] - Cash and cash equivalents rose significantly to RMB 3,233,468 thousand, compared to RMB 1,720,875 thousand at the end of 2022, marking an increase of about 88.0%[82] - The company’s total equity reached RMB 8,644,513 thousand, an increase from RMB 8,173,775 thousand, representing a growth of about 5.7%[83] Risk Management - The group faces various financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in risk management policies since December 31, 2022[101] - The maximum credit risk faced by the group is represented by the carrying amounts of cash, cash equivalents, restricted bank deposits, and accounts receivable[102] - The group applies a simplified approach for expected credit losses on accounts receivable, classifying them based on credit risk characteristics and aging[105] - The expected loss rates for accounts receivable are adjusted based on macroeconomic factors, particularly the disposable income of urban residents in China[105] Employee and Governance - As of June 30, 2023, the company had 738 full-time employees, primarily located in Beijing, with the rest in Shanghai and other cities in mainland China[45] - The company is committed to a competitive and fair compensation system, continuously improving its salary and incentive policies to ensure employees receive competitive compensation packages[45] - The company is focused on maintaining high standards of corporate governance, adhering to applicable codes during the reporting period[48] - The audit committee consists of three independent non-executive directors, ensuring oversight of the company's financial reporting[50] Stock Options and Equity - The employee stock option plan was established to reward contributions to the growth and development of the company, extending from the previous 2016 ESOP[61] - The company’s stock options are subject to vesting conditions, allowing a maximum of 25% to be exercised on the first vesting date[64] - The total number of stock options available for grant under the post-IPO stock option plan was 11,887,085 shares[69] - The total number of stock options granted to directors and employees for the six months ending June 30, 2023, was 5,404 thousand, down from 12,735 thousand in the same period of 2022[180] Investments and Future Outlook - The company has a rich pipeline of films scheduled for release in the second half of 2023, including titles like "Xue Ba" and "Wo Jing Guo Feng Bao," which are expected to enhance box office performance[14] - The company continues to explore commercial opportunities in the post-market of film IPs, aiming for further revenue growth[16] - The company is leveraging AI technology across various stages of the film industry, enhancing data analysis and marketing strategies[20] - The company plans to strengthen its presence in live entertainment and expand its business collaborations in Hong Kong and other regions[20]

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 或任何部分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。 Maoyan Entertainment 貓眼娛樂 （於開曼群島註冊成立的有限公司） （股份代號：1896） 截 至2023年6月30日止六個月的中期業績公告 貓 眼 娛 樂（「本公司」）董 事 會（「董事會」）欣 然 宣 佈 本 公 司、其 附 屬 公 司 及 綜 合 聯 屬 實 體（「本集團」）截 至2023年6月30日 止 六 個 月 的 未 經 審 核 綜 合 業 績。該 等 業 績 已 經由審核委員會連同本公司管理層及核數師審閱。 表現摘要 截 至6月30日止六個月 | --- | --- | --- | --- | |-------------------------|--------------|--------------|----------| | | | | | | | | | | | | 2023 年 | 2022 年 | 同比變動 | | | 人民幣百萬元 | 人民幣百萬元 | ...

Financial Performance - Revenue decreased from RMB 3,323.4 million in 2021 to RMB 2,319.5 million in 2022, representing a decline of approximately 30.2%[10] - Gross profit fell from RMB 1,842.2 million in 2021 to RMB 1,020.0 million in 2022, a decrease of about 44.5%[10] - Net profit for 2022 was RMB 104.8 million, down from RMB 368.5 million in 2021, indicating a decline of approximately 71.5%[10] - Adjusted EBITDA for 2022 was RMB 320.1 million, compared to RMB 742.7 million in 2021, reflecting a decrease of around 56.9%[10] - Adjusted net profit for 2022 was RMB 232.7 million, down from RMB 540.0 million in 2021, indicating a decline of approximately 56.9%[10] - Operating profit decreased significantly to RMB 162.1 million, representing only 7.0% of revenue, compared to 16.2% in the previous year[29] - The company reported a net profit of RMB 104.8 million for the year, down from RMB 368.5 million in 2021, reflecting a profit margin of 4.5%[29] - EBITDA for 2022 was RMB 311.3 million, a decrease of 56.1% from RMB 709.3 million in 2021[55] Market Performance - The total box office in mainland China for 2022 was RMB 30.067 billion, a significant drop of 36.38% from RMB 47.258 billion in 2021[11] - The company maintained a market coverage rate of over 50% for domestic films, with participation in the top ten domestic films remaining stable compared to 2021[13] - The company achieved a total box office of RMB 6.758 billion during the 2023 Spring Festival, marking the second highest in Chinese history for this period[26] - The film "This Killer Is Not So Calm" became the second highest-grossing comedy in mainland China for 2022, with a total box office of 2.63 billion yuan[17] - The company participated in four out of six films during the 2023 Spring Festival, with "Man Jiang Hong" surpassing 4.5 billion yuan at the box office, ranking first in the Spring Festival and sixth in Chinese film history[18] Service and Product Development - The "Cloud Package" service saw a year-on-year order increase of approximately 50%, successfully covering 100% of domestic films with box office exceeding RMB 100 million[14] - The company introduced the concept of "Real-Time Promotion" and upgraded its "Real-Time Watch" channel, enhancing its promotional capabilities[14] - The online ticketing service maintained its industry-leading position in 2022, enhancing service efficiency and user experience through strategic partnerships with Tencent and Meituan[20] - The company introduced various marketing features, such as family packages and cinema meal deals, to meet diverse consumer needs and optimize the ticket purchasing experience[20] - The company continued to invest in live performance services, providing comprehensive ticketing solutions for nearly 200 emerging small and medium-sized venues across the country[21] - A new ticketing system was launched in December 2022 for the Hong Kong market, capable of handling multiple event ticketing demands effectively[22] Cost and Expense Management - Total revenue cost decreased by 12.3% from RMB 1,481.2 million in 2021 to RMB 1,299.5 million in 2022, mainly due to a reduction in ticketing system costs[37] - Sales and marketing expenses decreased by 28.6% from RMB 672.5 million in 2021 to RMB 480.1 million in 2022, mainly due to reduced operational marketing costs[41] - General and administrative expenses decreased by 16.7% from RMB 360.2 million in 2021 to RMB 300.0 million in 2022, primarily due to reduced employee costs[42] Asset and Liability Management - Total assets decreased from RMB 11,028.3 million as of December 31, 2021, to RMB 10,258.0 million as of December 31, 2022[57] - Total liabilities reduced from RMB 3,040.7 million in 2021 to RMB 2,084.2 million in 2022, resulting in a debt-to-asset ratio decline from 27.6% to 20.3%[57] - Cash and cash equivalents as of December 31, 2022, amounted to RMB 2,401.4 million, primarily denominated in RMB and USD[59] - Total borrowings as of December 31, 2022, were approximately RMB 335.0 million, all in RMB[59] - As of December 31, 2022, the company's unused bank financing amounted to RMB 615 million[60] Strategic Initiatives - The company plans to enhance its core competitiveness and profitability by continuing to innovate in entertainment content services and expanding into live performance ticketing[28] - The company aims to explore new business areas and regional markets, including further collaboration in the Hong Kong performance market and seeking opportunities in other countries[28] - The company is actively developing a rich pipeline of quality films, including titles like "Not Just Restless" and "The Sky City" scheduled for release in 2023[18] - The company aims to deepen its content service capabilities and enhance participation in top films while continuing to build a robust content reserve[18] Human Resources and Management - The workforce consisted of 724 full-time employees as of December 31, 2022, primarily located in Beijing, Shanghai, and other cities in mainland China[64] - The company aims to enhance its competitive compensation and benefits system through market research and benchmarking against competitors[64] - The company is committed to providing competitive compensation and benefits to its employees, ensuring they receive a competitive remuneration package[91] Corporate Governance - Wang Changtian has been the Chairman of Tianjin Maoyan Weiying since July 2016, with extensive experience in media and finance sectors[68] - Li Xiaoping has served as a director of Tianjin Maoyan Weiying since September 2017 and has held various senior management positions in the media industry since 1999[70] - Sun Zhonghuai was appointed as a non-executive director on November 16, 2022, and has approximately 20 years of experience in the media industry, currently serving as Vice President at Tencent[71] - The company’s board of directors includes both executive and non-executive members, with changes in personnel noted as of November 16, 2022, and March 23, 2023[105][107] Related Party Transactions - The annual cap for related transactions with Light Media Group is set at RMB 150 million, with actual transactions amounting to approximately RMB 0 million for the year ending December 31, 2022[185] - The annual cap for related transactions with Tencent Group for the year ending December 31, 2022, is RMB 210.7 million, with actual transactions amounting to approximately RMB 0.2 million[193] - The framework agreement for film and television promotion services with Light Media Group is effective from January 1, 2022, to December 31, 2024, with the possibility of extension[188] Shareholder Information - Major shareholders include Vibrant Wide Limited with 24.30% and Hong Kong Film International Limited with 16.91% of shares[175] - The company has no controlling shareholders as of December 31, 2022[181] - The total number of shares issued or to be issued under the ESOP plan is capped at 117,033,705 shares, representing approximately 10.2% of the company's total issued share capital[115]

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。 Maoyan Entertainment 貓眼娛樂 （於開曼群島註冊成立的有限公司） （股份代號：1896） 截 至2022年12月31日止年度的全年業績公告 貓 眼 娛 樂（「本公司」）董 事 會（「董事會」）欣 然 宣 佈 本 公 司、其 附 屬 公 司 及 綜 合 聯 屬 實 體（「本集團」）截 至2022年12月31日止年度的經審核綜合業績。該等業績已經由 本公司核數師根據國際審計準則進行審核，亦經審核委員會審閱。 表現摘要 截 至12月31日止年度 | --- | --- | --- | --- | |----------------------------|---------|---------|----------| | | 2022 年 | 2021 年 | 同比變動 | | | 人民幣 | 人民幣 | | | | 百萬元 | 百萬元 | % | | | | | | | 收 益 | 2, ...

Financial Performance - Revenue decreased from RMB 1,799.8 million in H1 2021 to RMB 1,191.4 million in H1 2022, representing a decline of approximately 33.8%[21] - Gross profit for H1 2022 was RMB 622.4 million, down from RMB 1,045.5 million in H1 2021, indicating a decrease of about 40.5%[21] - Net profit for H1 2022 was RMB 151.9 million, compared to RMB 387.1 million in H1 2021, reflecting a decline of approximately 60.8%[21] - Adjusted EBITDA for H1 2022 was RMB 282.0 million, down from RMB 625.7 million in H1 2021, a decrease of around 55.0%[21] - The gross profit margin fell from 58.1% in 2021 to 52.2% in 2022, indicating a decrease in profitability[32] - Online entertainment ticketing service revenue dropped by 41.6% from RMB 1,013.5 million in 2021 to RMB 592.3 million in 2022, primarily due to the impact of the pandemic[35] - Revenue from entertainment content services decreased by 19.2% from RMB 660.1 million in 2021 to RMB 533.4 million in 2022, attributed to adjustments in film production and release schedules[36] - Advertising services and other revenue fell by 47.9% from RMB 126.2 million in 2021 to RMB 65.7 million in 2022, mainly due to reduced demand in the advertising market[37] - Operating profit decreased significantly from RMB 509.5 million in H1 2021 to RMB 184.7 million in H1 2022[46] - The company reported a net loss of RMB 151,865 thousand for the period, contributing to accumulated losses of RMB (109,841) thousand as of June 30, 2022[97] Market and Operational Insights - The total box office revenue for the Chinese film market in H1 2022 was RMB 17.18 billion, a year-on-year decline of 37.68%[23] - The company participated in the production/distribution of 15 films in H1 2022, maintaining a significant market share comparable to 2019 levels[23] - The company’s film "This Killer Is Not So Calm" achieved a total box office of RMB 2.63 billion during the Spring Festival[23] - Post-June 2022, cinema operating rates exceeded 80% as the domestic pandemic situation improved, allowing for a gradual recovery in film releases[25] - The company developed and produced several high-quality series and online films, with positive reception for the legal suspense series "Outside the Court" launched in July 2022[25] - The online ticketing service maintained industry-leading status, with over 70% of cinemas improving operational efficiency through the company's services[26] - The summer box office reached approximately RMB 7.9 billion, exceeding the same period last year, reflecting confidence in market recovery[29] Financial Position and Assets - Total assets decreased from RMB 11,028.3 million as of December 31, 2021, to RMB 10,669.7 million as of June 30, 2022[51] - Total liabilities decreased from RMB 3,040.7 million as of December 31, 2021, to RMB 2,483.2 million as of June 30, 2022, resulting in a debt-to-asset ratio decline from 27.6% to 23.3%[51] - As of June 30, 2022, the company's cash and cash equivalents amounted to RMB 2,419.6 million, primarily denominated in RMB and USD[52] - The total borrowings as of June 30, 2022, were approximately RMB 340.3 million, all in RMB-denominated bank loans[52] - The company reported a total of RMB 1,427,264,000 in film and television investment and production prepayments as of June 30, 2022, an increase from RMB 1,253,630,000 as of December 31, 2021, reflecting a growth of approximately 13.8%[170] Shareholder and Equity Information - As of June 30, 2022, major shareholder Vibrant Wide Limited holds 119,236,553 shares, representing approximately 10.43% of the issued share capital[74] - Tencent holds 157,169,260 shares in the company, accounting for approximately 13.74% of the issued share capital[74] - The board decided not to declare an interim dividend for the six months ended June 30, 2022[62] - The company reported a total equity as of June 30, 2022, of RMB 8,186,531 thousand, an increase from RMB 7,987,672 thousand at the beginning of the year, reflecting a growth of about 2.5%[97] Risk Management and Compliance - The group faces multiple financial risks, including market risk, credit risk, and liquidity risk, with no significant changes in risk management policies since December 31, 2021[112] - The maximum credit risk faced by the group is represented by the carrying amounts of cash and cash equivalents, restricted bank deposits, and accounts receivable[113] - The group has established monitoring procedures to ensure timely follow-up on overdue debts and reviews the recoverability of trade receivables at each reporting period[114] - The company is monitoring regulatory changes and will take further actions as necessary, reflecting a proactive approach to compliance and market adaptation[89] Employee and Incentive Plans - The employee incentive plan has been extended and restructured from the 2016 ESOP, aimed at rewarding contributions to the company's growth[78] - The total number of unexercised stock options as of June 30, 2022, was 16,736,611 shares[79] - The company reported a share-based payment expense of RMB 12,735 thousand for the six months ended June 30, 2022, down from RMB 28,020 thousand for the same period in 2021, representing a decrease of approximately 54.5%[183] Future Plans and Investments - The company plans to continue enhancing its marketing capabilities and exploring new opportunities in the entertainment industry[31] - The company plans to allocate approximately $551.8 million for enhancing comprehensive platform capabilities, with $476.4 million already utilized and $75.4 million remaining as of December 31, 2022[69] - The company has set aside $551.8 million for potential investments and acquisitions, with $434.4 million utilized and $117.4 million remaining as of December 31, 2022[69] - The company plans to continue expanding its market presence and developing new technologies to enhance user engagement and revenue streams[176]

Financial Data and Key Metrics Changes - The company reported its first half 2022 earnings, with specific financial results available on the investor relations website [1] Business Line Data and Key Metrics Changes - No specific details regarding changes in business line data or key metrics were provided in the content [1] Market Data and Key Metrics Changes - No specific market data or key metrics changes were mentioned in the content [1] Company Strategy and Development Direction and Industry Competition - No information regarding company strategy, development direction, or industry competition was included in the content [1] Management's Comments on Operating Environment and Future Outlook - No comments from management regarding the operating environment or future outlook were provided in the content [1] Other Important Information - The conference call was structured to allow for questions after the presentation, indicating an interactive session for stakeholders [1] Q&A Session All Questions and Answers - No specific questions or answers from the Q&A session were included in the content [1]

Financial Performance - Revenue increased from RMB 1,365.7 million in 2020 to RMB 3,323.4 million in 2021, representing a growth of approximately 143%[12] - Gross profit rose from RMB 537.3 million in 2020 to RMB 1,842.2 million in 2021, marking an increase of about 243%[12] - The net profit for 2021 was RMB 368.5 million, a significant turnaround from a net loss of RMB 646.3 million in 2020[12] - Adjusted EBITDA for 2021 was RMB 742.7 million, compared to an adjusted LBITDA of RMB 360.3 million in 2020[12] - Revenue increased by 143.3% from RMB 1,365.7 million in 2020 to RMB 3,323.4 million in 2021, driven by the recovery of the Chinese film market and online entertainment ticketing services[22] - Online entertainment ticketing service revenue rose by 126.5% from RMB 756.5 million in 2020 to RMB 1,713.7 million in 2021, as cinemas resumed operations[24] - Entertainment content service revenue surged by 284.0% from RMB 353.3 million in 2020 to RMB 1,356.5 million in 2021, attributed to increased participation in film projects[25] - Gross profit increased by RMB 1,304.9 million or 242.9% to RMB 1,842.2 million, with a gross margin improvement from 39.3% in 2020 to 55.4% in 2021[29] - The operating profit for 2021 was RMB 538.3 million, compared to an operating loss of RMB 604.2 million in 2020[35] - The adjusted net profit for 2021 was RMB 540.0 million, compared to an adjusted loss of RMB 435.6 million in 2020[41] - EBITDA for 2021 was RMB 709.3 million, recovering from an EBITDA loss of RMB 432.9 million in 2020[42] Box Office Performance - The company participated in the release of 51 domestic films in 2021, achieving a total box office of approximately RMB 26 billion, accounting for about 65% of the national box office for domestic films during the same period[14] - The film "Hello, Li Huanying" generated over RMB 5.4 billion at the box office, ranking third in Chinese film history[14] - The film "The Rescue" achieved a total box office of over RMB 1.3 billion, becoming the annual champion for Chinese action films[14] - In 2021, China's total box office reached RMB 47.258 billion, maintaining its position as the world's largest market, with domestic films accounting for RMB 39.927 billion, representing 84.5% of the total[17] - The box office performance during key holiday periods in 2021 exceeded that of the same periods in 2019, indicating a strong recovery in the Chinese film market[17] - The total box office for the 2022 Spring Festival period reached RMB 6.035 billion, surpassing the same period in 2019 and ranking as the second highest in Chinese film history[20] - The total box office in China for 2021 recovered to 74% of pre-pandemic levels, maintaining the highest global box office and screen count[67] Marketing and Innovation - The company has developed a unique intelligent marketing product system, achieving industry-leading service coverage and continuous innovation in promotional services[16] - The company launched new intelligent marketing tools, such as screening diagnosis and target decomposition, which have been widely recognized in the market[16] - The company has established a modular and standardized promotional capability, supported by professional teams for various film projects[16] - The company is committed to the "Technology + Full Entertainment" core development strategy, aiming to enhance competitiveness and innovation capabilities[20] Cost and Expenses - Cost of revenue rose by 78.8% from RMB 828.4 million in 2020 to RMB 1,481.2 million, mainly due to increased ticketing system costs and content production expenses[27] - Selling and marketing expenses increased by 38.4% from RMB 485.8 million in 2020 to RMB 672.5 million in 2021, reflecting higher operational marketing costs[30] - General and administrative expenses increased by 1.9% from RMB 353.6 million in 2020 to RMB 360.2 million in 2021, primarily due to growth in R&D expenses[31] Assets and Liabilities - Total assets increased from RMB 10,608.5 million on December 31, 2020, to RMB 11,028.3 million on December 31, 2021, while total liabilities rose from RMB 2,985.5 million to RMB 3,040.7 million[44] - The debt-to-asset ratio decreased from 28.1% in 2020 to 27.6% in 2021[44] - Cash and cash equivalents amounted to RMB 2,593.8 million as of December 31, 2021[46] - Total borrowings were approximately RMB 512.5 million, all denominated in RMB, with unutilized bank financing of RMB 522.9 million[47] Corporate Governance - The board consists of one executive director, seven non-executive directors, and four independent non-executive directors[175] - The company has adopted corporate governance principles that align with the interests of the company and its shareholders[173] - The independent non-executive directors confirmed their independence according to the listing rules[177] - The company’s chairman and CEO positions are held by different individuals, ensuring a clear division of responsibilities[183] - The company has established three board committees: the audit committee, the remuneration committee, and the nomination committee, in accordance with relevant laws and regulations[190] Shareholder Information - The top five customers accounted for approximately 40% of the total revenue, with the largest customer contributing about 12%[71] - The top five suppliers represented around 26% of the total costs, with the largest supplier accounting for about 7%[71] - The chairman and non-executive director, Mr. Wang Changtian, indirectly holds approximately 24.35% and 16.95% of the company's issued share capital through subsidiaries as of December 31, 2021[86] - As of December 31, 2021, major shareholders held significant stakes, with Wang Changtian owning 312,722,773 shares, accounting for 27.39% of the company[111] Related Party Transactions - The annual cap for related transactions with Light Media Group for the year ending December 31, 2021, was RMB 130 million, with actual transaction amounts of approximately RMB 2.3 million[133] - The annual cap for related transactions with Tencent Group for the year ending December 31, 2021, was RMB 180 million, with actual transaction amounts of approximately RMB 40.3 million[137] - The annual cap for related transactions with Tencent Music Technology for the year ending December 31, 2021, was RMB 353.4 million, with actual transactions amounting to approximately RMB 120.0 million[142] Legal and Regulatory Compliance - The company is committed to complying with applicable laws and regulations in China, including those related to value-added telecommunications services and information security[69] - The company has not faced any intervention or obstruction from Chinese government authorities regarding its business operations as of December 31, 2021[161] - The company has taken measures to ensure compliance with contractual arrangements, including annual reviews by the board and potential engagement of external legal advisors[165]

| --- | --- | |------------------------------------------------------------------------------------------------------------------------------|-------------------------| | | | | | | | | | | | | | | | | | | | MAOYAN ENTERTAINMENT | 2021 | | (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立的有限公司 ) Stock Code 股份代號 : 1896 | Interim Report 中期報告 | 目錄 其他信息 17 中期財務資料審閱報告 26 中期簡明綜合全面收益表 27 中期簡明綜合財務狀況表 29 中期簡明綜合權益變動表 31 公司資料2 首席執行官報告4 管理層討論及分析8 中期簡明綜合現金流量表 33 中期簡明綜合財務資料附註 35 釋義及詞彙表 82 公司資料 董事會 執行 ...