香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Asiaray Media Group Limited 雅仕維傳媒集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1993） 有關2022年報的補充公告 茲提述雅仕維傳媒集團有限公司（「本公司」，連同其附屬公司，「本集團」）截至2022年 12月31日止財政年度的年度報告（「2022年報」）。除非文義另有所指，否則本公告所用詞 彙與2022年報所界定者具有相同涵義。 本公司謹此提供下列截至2022年12月31日止財政年度根據股份獎勵計劃授出獎勵之詳 情： 2022年授予的股份數目的變動 於2022年 於2022年 1月1日 12月31日 承授人類別 授出日期 歸屬期 尚未歸屬 已授出 已歸屬 已失效 已註銷 尚未歸屬 本集團僱員 2022年5月31日 無 0 191,666 191,666 0 0 0 附註： 191,666股股份已無償授予本集團2名僱員。所有該等股份均於市場上購入。由於股份 ...

Financial Performance - The total revenue recognized for the period was RMB 10,575, compared to RMB 7,442 in the previous period, reflecting an increase of approximately 42.8%[32]. - The total comprehensive loss for the period was RMB 89,742, reflecting the company's financial challenges during this timeframe[23]. - The company reported a loss attributable to owners of RMB 9,183 for the six months ended June 30, 2023, a significant improvement from a loss of RMB 89,742 in the same period of 2022[53]. - The basic loss per share improved to RMB (3.2) cents for the six months ended June 30, 2023, compared to RMB (20.4) cents for the same period in 2022[53]. - For the six months ended June 30, 2023, the Group recorded a profit of RMB 2.9 million, reversing a loss of RMB 65.7 million from the same period last year[130]. - Revenue for the period was RMB 718.4 million, a decrease of RMB 89.2 million or 11.0% compared to RMB 807.6 million for the six months ended June 30, 2022[129]. - Gross profit increased by 9.1% to RMB 152.8 million, with a gross profit margin widening to 21.3% from 17.3% in the previous year[129]. - The total comprehensive loss for the period was RMB 9,183, reflecting the challenges faced during the economic and technological changes[97]. Revenue Sources - The advertising consulting service income increased to RMB 1,509 from RMB 1,088 in the previous period, representing a growth of approximately 38.7%[32]. - Rental income rose to RMB 3,229, up from RMB 2,182, indicating a growth of about 48%[32]. - The company recognized government subsidy income of RMB 121 related to the Anti-Epidemic Fund for employee wage support[33]. - The company reported a significant increase in other income, which rose to RMB 2,971 from RMB 2,102, marking an increase of approximately 41.2%[32]. - Revenue from the metro lines and billboards segment reached RMB 264.8 million, with gross profit increasing by 2,616.1% to RMB 78.0 million and gross profit margin rising by 30.6 percentage points to 29.5%[162]. Expenses and Costs - Employee benefit expenses for the six months ended June 30, 2023, were RMB 101,295, down from RMB 112,892 in the previous year, reflecting a decrease of approximately 10.3%[45]. - Variable concession fee charges for advertising spaces increased to RMB 46,584 for the six months ended June 30, 2023, compared to RMB 25,042 in the same period of 2022, marking an increase of approximately 86.2%[45]. - Selling and marketing expenses decreased by RMB 15.9 million or 21.3% from RMB 74.6 million in 2022 to RMB 58.7 million, mainly due to reduced employee benefit expenses from project terminations[179]. - Cost of revenue decreased by RMB 102.0 million or 15.3% to RMB 565.7 million, mainly due to project terminations[152]. - Net finance costs decreased by RMB 44.4 million or 38.8% from RMB 114.3 million in 2022 to RMB 69.9 million, primarily due to lower interest expenses from lease liabilities[179]. Assets and Liabilities - As of June 30, 2023, the total trade receivables amounted to RMB 625,718, with an impairment loss of RMB 89,911[11]. - Deferred income tax assets increased from RMB 182,378 to RMB 193,537, while deferred income tax liabilities slightly rose from RMB 1,758 to RMB 1,827[8]. - As of June 30, 2023, trade payables decreased to RMB 120,542, down from RMB 123,166 as of December 31, 2022, representing a decline of approximately 2.0%[40]. - Contract liabilities increased to RMB 121,836 as of June 30, 2023, compared to RMB 98,203 as of December 31, 2022, indicating a growth of approximately 24.1%[42]. - Interest payables increased to RMB 1,363 as of June 30, 2023, from RMB 746 as of December 31, 2022, representing an increase of approximately 82.4%[40]. - As of June 30, 2023, the Group's cash and cash equivalents amounted to RMB 330.6 million, down from RMB 365.1 million at the end of 2022, indicating prudent liquidity management[131]. Shareholder Information - The company issued 9,235,063 new ordinary shares on April 17, 2023, to settle the final payment for the acquisition of a 51% stake in Radius Displays International Limited[26]. - The weighted average number of ordinary shares in issue increased slightly to 469,097 thousand shares as of June 30, 2023, compared to 465,987 thousand shares in the previous year[53]. - The Group's share capital increased to RMB 484,911 thousand as of June 30, 2023, from RMB 475,676 thousand at the end of 2022[95]. - The Group's reserves at June 30, 2023, amounted to RMB 302,021 thousand, showing a slight increase from RMB 292,745 thousand at the beginning of the year[97]. - The company did not declare any dividends for the six months ended June 30, 2023, consistent with the previous year[54]. Strategic Initiatives - The Group's innovative "space management" business philosophy has been recognized as a case study by Harvard Business Publishing Education, highlighting its competitiveness in the market[116]. - The Group has established an augmented reality (AR) exhibition hall at Zhengzhou Xinzheng International Airport to enhance brand visibility and promote tourism in Henan Province[119]. - The Group continues to collaborate with advertisers and brands to provide tailored advertising solutions, aiming to enhance brand image and expand influence[119]. - The Group is committed to providing optimal Out-Of-Home (OOH) advertising solutions to achieve the highest Return-On-Investment (ROI) for clients[123]. - The Group is actively collaborating with advertisers and brands to leverage opportunities from the resumption of business activities, focusing on innovative DOOH+ solutions[163]. - An interactive exhibition was created in Hangzhou Metro in collaboration with China's largest online payment platform, targeting a large number of daily passengers[166]. - The Group is exploring the seamless integration of offline and online interactions through its DOOH+ solution to enhance brand awareness and promote responsible travel practices[166].

Company Operations and Projects - Asiaray Media Group Limited operates in nearly 40 cities across Greater China, focusing on mega transport advertising media management, including airports and metro lines[11]. - The company successfully completed the "Sydney Waiting Hall" project, exceeding 100 million yuan in less than six months, which included 334 bus shelters and 18 kiosks[43]. - Asiaray regained exclusive concession rights for advertising and media resources on Hangzhou Metro Lines 2, 4, and additionally obtained rights for Line 9[45]. - The Group has established a presence at Haikou Meilan International Airport and Qionghai Boao Airport to capitalize on emerging business opportunities from the national development strategy[64]. - The Group is exclusively managing, operating, maintaining, and selling advertising and media resources along the Yuxi to Mohan section of the China-Laos railway, contributing to revenue from this year[64]. Financial Performance - The Group's consolidated revenue for 2022 was RMB 1,895.0 million, a significant increase from RMB 727.7 million in 2021, representing a growth of approximately 160%[58]. - Earnings before interest, tax, depreciation, and amortization (EBITDA) for 2022 was RMB 1,053.4 million, compared to RMB 1,154.5 million in 2021, indicating a decrease of about 8.8%[59]. - Revenue breakdown by operating segment shows that airport revenue was RMB 630.9 million, metro lines and billboards revenue was RMB 568.5 million, and bus and other business revenue was RMB 695.6 million in 2022[61]. - For the year ended December 31, 2022, the Group recorded revenue of RMB 1,653.2 million, a decrease of 12.8% from RMB 1,895.0 million in 2021[80]. - The combined revenue was RMB 2,338.7 million, down from RMB 2,622.7 million in 2021, reflecting a decline of 10.9%[80]. - Gross profit amounted to RMB 269.2 million, with a gross profit margin of 16.3%, compared to RMB 358.1 million and 18.9% in 2021[80]. - The Group managed to narrow its loss by 25.9% to RMB 89.7 million, down from a loss of RMB 121.1 million in 2021[80]. Market Strategy and Innovations - Asiaray is pioneering the advertising industry by creating Asia's first outdoor city digital gallery using NFT technology[46]. - The Group has implemented a media network optimization strategy to enhance the efficiency and outcomes of media placements, which helped navigate the challenges of the past year[64]. - The Group's media network optimization strategy focused on reallocating resources to enhance efficiency and effectiveness[67]. - The Group's innovative solutions and optimized media network position it well to seize emerging market opportunities despite ongoing uncertainties[74]. - The Group's commitment to innovation and technology aims to solidify its market leadership in media solutions[68]. Social Responsibility and Community Engagement - The company emphasizes social responsibility by promoting epidemic prevention information through outdoor advertising in Hong Kong[42]. - The Group's efforts in impactful campaigns, such as "Together, We Fight the Virus!", involved hundreds of OOH media platforms to raise public awareness[69]. - The company is actively involved in social initiatives, with directors participating in various charitable organizations and foundations[176]. Leadership and Management - Mr. Lam Tak Hing, the CEO, has been with the company since May 2014 and is responsible for overall strategic planning and development[174]. - The company has a strong leadership team with diverse backgrounds in finance, advertising, and strategic management, enhancing its operational capabilities[178]. - The leadership team includes members with significant experience in mergers and acquisitions, which is crucial for future growth strategies[190]. - Mr. Kwan Tat Cheong was appointed as an executive director on March 10, 2022, and is responsible for the overall operation and management of the Group[180]. - Ms. Wu Xiaoping was appointed as a non-executive director on April 18, 2023, bringing over 20 years of experience in investment and capital markets[199]. Employee and Operational Metrics - The company has over 930 employees, reflecting its growth and operational capacity[15]. - The Group had 932 employees as of December 31, 2022, down from 1,135 employees in 2021[171]. - Total bank borrowings amounted to RMB 323.8 million as of December 31, 2022, with RMB 146.4 million repayable within one year[146]. Challenges and Outlook - The ongoing COVID-19 pandemic and global economic downturn have significantly impacted consumer sentiment and economic activity in both Mainland China and Hong Kong, affecting the Group's performance[66]. - The Group remains confident in its ability to navigate through difficult conditions and emerge stronger by adapting to the challenging business environment[66]. - The Group is cautiously optimistic about its business performance in 2023, anticipating strong demand for advertising solutions due to the recovery of the Mainland China and Hong Kong markets[105].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Asiaray Media Group Limited 雅仕維傳媒集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1993） 有關截至2022年12月31日止年度的 已刊發經審核年度業績公告之 澄清公告 茲提述雅仕維傳媒集團有限公司（「本公司」，連同其附屬公司為「本集團」）日期為2023 年3月30日的有關已刊發之截至2022年12月31日止年度（「本年度」）的未經審核年度業績 之補充公告（「年度業績公告」）。除另有指明外，本公告所用詞彙與年度業績公告所界定 者具有相同涵義。 ...

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，概不就因本公告全部 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。 Asiaray Media Group Limited 雅仕維傳媒集團有限公司 （於開曼群島註冊成立之有限公司） 1993 （股份代號： ） 2022 12 31 有關已刊發之截至 年 月 日止年度的 未經審核年度業績之補充公告 謹此提述雅仕維傳媒集團有限公司（「本公司」）及其附屬公司（以下統稱為「本集 團」）於2023年3月27日刊發之截至2022年12月31日止年度（「本年度」）未經審核年度 業績（「未經審核業績」）。 本公司的董事會（「董事會」）宣佈本集團本年度的經審核合併財務業績，連同截至 2021年12月31日止年度的比較數字如下。除對若干項目作輕微調整外，本公告所 披露的經審核年度業績相比未經審核年度業績並無其他調整： 合併綜合收益表 12 31 截至 月 日止年度 2022 年 2021年 附註 人民幣千元 人民幣千元 （經重列）* 收入 4 1,653,226 1,895,020 收入成 ...

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，概不就因本公告全部 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。 Asiaray Media Group Limited 雅仕維傳媒集團有限公司 （於開曼群島註冊成立之有限公司） 1993 （股份代號： ） 2022 12 31 截至 年 月 日止年度的 年度業績公告 雅仕維傳媒集團有限公司（「本公司」）的董事會（「董事會」）宣佈本公司及其附屬公 司（以下統稱為「本集團」）截至2022年12月31日止年度（「本年度」）的未經審核合併 財務業績，連同截至2021年12月31日止年度的比較數字如下： 合併綜合收益表 12 31 截至 月 日止年度 2022 年 2021年 附註 人民幣千元 人民幣千元 （經重列）* 收入 4 1,653,226 1,895,020 收入成本 4 (1,384,062) (1,536,938) ...

Financial Performance - The Group's revenue for the six months ended June 30, 2022, was HKD 971.9 million, a slight decrease from HKD 983.6 million for the same period in 2021[12]. - Gross profit increased to HKD 168.4 million, with a gross profit margin of 17.3%, up from 15.9% in the previous year[12]. - EBITDA totaled HKD 708.0 million, representing a 24.6% increase compared to HKD 568.1 million for the same period in 2021[12]. - The Group incurred a net loss of HKD 79.1 million, which is a 30.4% improvement from a net loss of HKD 113.7 million in the prior year[12]. - Revenue decreased by approximately HKD 23.8 million, or 2.9%, from approximately HKD 827.2 million in 2021 to approximately HKD 803.4 million for the Period[52]. - Gross profit increased by approximately HKD 11.9 million, or 7.6%, from approximately HKD 156.5 million in 2021 to approximately HKD 168.4 million, with gross profit margin rising from 15.9% to 17.3%[52]. - Loss before income tax improved to HKD 81,399, a reduction of 42.9% from HKD 142,481 in 2021[93]. - The net loss for the period was HKD 79,087, which is a 30.4% improvement from HKD 113,667 in the prior year[94]. - Total comprehensive loss for the period was HKD 97,560, compared to HKD 101,619 in the same period last year[97]. Cash and Liquidity - Total cash and bank balances rose to HKD 442.3 million, compared to HKD 418.9 million at the end of 2021, marking the ninth consecutive year in a net cash position[12]. - Cash generated from operations for the six months ended June 30, 2022, was HKD 667,328,000, an increase of 28% compared to HKD 521,756,000 for the same period in 2021[105]. - Net cash generated from operating activities increased to HKD 650,473,000, up from HKD 507,292,000, reflecting a growth of 28% year-over-year[105]. - The Group's current ratio as of June 30, 2022, was 0.72, compared to 0.75 as of December 31, 2021[65]. - The Group had unutilized banking facilities of approximately HKD 164,628,000 available as of June 30, 2022[112]. - The total cash and cash equivalents at the end of the period increased to HKD 410,068,000 from HKD 325,297,000, marking a growth of 26%[105]. Segment Performance - Airport segment revenue slightly decreased to HKD 363.7 million, with a gross profit of HKD 159.4 million and a gross profit margin of 43.8%[19]. - The Group's metro lines business revenue dipped to HKD 338.2 million, reflecting the impact of the COVID-19 pandemic in Mainland China and Hong Kong[21]. - The Hong Kong billboard business performance improved due to recovering consumer sentiment, partly driven by the Consumption Voucher Scheme initiated in April 2022[26]. - Bus media business revenue rose to HKD 270.0 million, with a gross profit of HKD 12.9 million and a gross profit margin of 4.8%[27]. - The airport segment revenue decreased by 4.3% from approximately HKD 379.9 million to approximately HKD 363.7 million, primarily due to lockdowns in Mainland China[46][48]. - The metro and billboards segment revenue decreased by 4.4% from approximately HKD 353.7 million to approximately HKD 338.2 million, mainly attributed to decreases in Hangzhou and Shenzhen[49]. - The bus and others segment revenue increased by approximately HKD 20.0 million or 8.0%, from approximately HKD 250.0 million to approximately HKD 270.0 million, offsetting losses in the bus segment in Hong Kong[50]. Strategic Initiatives - The Group is investing in diversified advertising solutions, including the DOOH Plus strategy, which combines outdoor and online media[11]. - The ongoing COVID-19 pandemic has presented significant challenges, prompting the Group to strategically consolidate its media resources[11]. - The Group aims to provide optimal Out-Of-Home advertising solutions to maximize ROI for clients[3]. - The introduction of DOOH+ offers audiences immersive experiences and provides advertisers with flexible and valuable products[11]. - The Group continues to focus on enhancing its media network to better navigate the challenging business environment[11]. - The launch of DOOH+ strategy aims to create a seamless outdoor and online immersive experience, enhancing the value for advertisers and audiences[30]. - The Group is leveraging opportunities from the Hainan Free Trade Zone and Western Development Region to boost domestic consumption[17]. - The Group has expanded its partnership with Google and other platforms to enhance programmatic advertising capabilities in Mainland China[34][38]. - The Group is leveraging the virtual realm by creating Asia's first outdoor city digital gallery, collaborating with local artists to promote arts and sports[35][41]. Financial Position - As of June 30, 2022, the Group's total assets amounted to approximately HKD 5,349.2 million, a decrease from HKD 6,669.4 million as of December 31, 2021, representing a decline of about 19.7%[82]. - The Group's total equity as of June 30, 2022, was approximately HKD 357.4 million, down from HKD 461.1 million as of December 31, 2021, representing a decrease of about 22.5%[84]. - The Group's non-current liabilities totaled approximately HKD 3,062.7 million as of June 30, 2022, compared to HKD 4,104.5 million as of December 31, 2021, indicating a reduction of about 25.4%[84]. - The Group's right-of-use assets were recognized at HKD 3,350,574,000 as of June 30, 2022, down from HKD 4,511,484,000 at the end of 2021[112]. - The Group's financial position remains stable with no major impacts from the adoption of new standards[117]. Risk Management - The Group faces various financial risk factors, including market risk, credit risk, and liquidity risk, with no significant changes in risk management policies since last year[123][127]. - The Group aims to maintain sufficient cash and cash equivalents to meet liquidity requirements, regularly monitoring compliance with lending covenants[134]. - The Group's liquidity risk management includes maintaining adequate cash reserves and committed lines of funding from major financial institutions[134].

Company Operations and Market Presence - Asiaray Media Group operates in nearly 40 cities across Greater China, focusing on mega transport advertising media management, including airports, metro lines, and high-speed rail advertising[14]. - The company holds exclusive concession rights for 26 airports and metro lines, enhancing its market presence and advertising effectiveness[19]. - Asiaray's strategic focus includes expanding its media network and enhancing its advertising offerings to meet evolving market demands[14]. - The group obtained exclusive concession rights for advertising and media resources in Shenzhen Metro Line 2 (Phase 3), Line 3, Line 6, Line 8 (Phase 1), and Line 10[47]. - The group obtained exclusive concession rights for advertising and media resources in Beijing Metro Line 17[49]. - The group secured exclusive concession rights for advertising and media resources in Yunnan Longchuan Guangsong General Airport[53]. - The Group secured exclusive rights to operate advertising and media resources along the domestic section of the China-Laos Railway, enhancing its presence in South and Southeast Asia[96]. - The Group expanded its media resource operations in Shenzhen Metro Line 2 (Phase 3), 6, 8 (Phase 1), and 10, further increasing its influence in the Greater Bay Area[95]. Financial Performance - The group achieved a consolidated revenue of HKD 2,285.1 million in 2021, compared to HKD 1,557.1 million in 2020, representing a year-over-year increase of 46.6%[70]. - Revenue increased by 46.8% to HKD 2,285.1 million, with combined revenue at HKD 3,182.6 million[74]. - The revenue breakdown by operating segment showed that the airport segment generated HKD 760.8 million, metro lines and billboards contributed HKD 838.9 million, and bus and other businesses accounted for HKD 685.4 million in 2021[70]. - The unique "DOOH+" advertising solution generated revenue of HKD 547.7 million, contributing 24.0% of total revenue[97]. - The combined revenue for the Group was HKD 3,182.6 million, reflecting a 43.9% increase from HKD 2,212.3 million in 2020[85]. - Gross profit amounted to HKD 431.8 million with a gross profit margin of 18.9%, compared to HKD 347.5 million and a margin of 22.3% in 2020[85]. - EBITDA increased to HKD 1,273.0 million in 2021 from HKD 1,034.0 million in 2020, reflecting a growth of 23.1%[70]. - The overall business performance improved significantly in the second half of the year, helping to narrow losses despite ongoing investments in new projects[85]. Advertising Solutions and Innovations - Asiaray's advertising solutions are designed to enhance the overall impact and effectiveness of advertisements, thereby optimizing commercial value for media resource owners[28]. - The company employs a well-developed space management model, which differentiates it from traditional advertising space distribution methods, aiming to create value for advertising customers and media resource owners[27]. - The company has expanded its Space Management approach to include virtual space, pioneering the Outdoor and Online ("O&O") New Media strategy[78]. - The introduction of "DOOH+" solutions combines DOOH advertising with the O&O New Media strategy, enhancing media solutions for advertisers[80]. - The group launched a programmatic audience-driven digital out-of-home (DOOH) advertising campaign in collaboration with Hivestack, expanding to prime locations across Hong Kong[50]. - The group launched DOOH media inventories on the Hivestack platform for the Singapore Thomson-East Coast Line, marking the start of comprehensive programmatic trading[52]. - Big data-driven technologies are being utilized to identify media resources close to target audiences for effective advertising[78]. - The company is leveraging opportunities in the Metaverse and non-fungible tokens (NFT) to create more value for advertisers and stakeholders[80]. Corporate Governance and Leadership - The company has adopted the Corporate Governance Code principles and complied with all applicable code provisions during the year, except for deviations from provisions A.2.1 and A.6.7[190]. - The Board is responsible for formulating the Group's long-term strategy and development plan, deciding major financial and capital projects, and reviewing internal control and risks[192]. - The company has a high level of corporate governance practices appropriate to its business conduct and growth[186]. - The Group's strategic planning is led by its founder, Mr. Lam, who also serves on various committees[155]. - The Group has a strong leadership team with diverse backgrounds in finance and operations, enhancing its market position[161]. - The company emphasizes its commitment to expanding its operations in Mainland China under Mr. Kwan's leadership[161]. - The Board currently comprises eight directors, including three independent non-executive directors, representing more than one-third of the Board[195]. - The roles of chairman and chief executive officer are currently held by Mr. Lam, which the Board believes enhances efficiency in strategy formulation and implementation[200]. Social Responsibility and Community Engagement - The company emphasizes social responsibility and community engagement as part of its corporate philosophy, aiming to give back to society[5]. - The group was awarded the "Friends of Privacy Recognition Award 2021" Silver Award by the Office of the Privacy Commissioner for Personal Data in Hong Kong[47]. Challenges and Future Outlook - The company is currently assessing the impacts of the COVID-19 pandemic on its overall performance and is unable to estimate the quantitative impacts[151]. - The company will continue to monitor the development of the COVID-19 outbreak and take relevant measures[151]. - The Group maintains a cautiously optimistic outlook on its ability to elevate business levels despite geopolitical and economic challenges[100].

Revenue Growth - For the six months ended June 30, 2021, the Group's revenue surged by 52.8% to HKD 983.7 million, with a gross profit margin of 15.9%[18] - Combined revenue, including consolidated revenue and revenue from all associated companies, reached HKD 1.37 billion, an increase of 43.6% compared to HKD 953.9 million in 2020[19] - Revenue for the period reached HKD 983,649,000, compared to HKD 643,663,000 in the previous year, representing a year-over-year increase of 53%[112] - Advertising display revenue reached HKD 839,150,000 for the first half of 2021, up from HKD 595,872,000 in 2020, reflecting a growth of approximately 41%[172] - The geographical distribution of revenue showed that Mainland China contributed HKD 754,585,000 and Hong Kong and others contributed HKD 229,064,000 for the six months ended June 30, 2021[175] Profitability and Loss - Despite the revenue growth, the Group incurred a net loss of HKD 113.7 million due to several newly awarded projects still being in the ramp-up stage and ongoing challenges from COVID-19[19] - Gross profit decreased by approximately HKD 32.2 million, or 17.1%, from approximately HKD 188.7 million in 2020 to approximately HKD 156.5 million, with the gross profit margin dropping from 29.3% to 15.9%[51] - Operating profit significantly dropped to HKD 2,501,000 from HKD 48,639,000, indicating a decrease of 95%[112] - Loss for the period was HKD 113,667,000, compared to a loss of HKD 47,836,000 in the prior year, marking an increase in losses of 138%[112] - The total comprehensive loss of HKD 101,619,000 for the period, compared to a loss of HKD 58,261,000 in the previous year[114] Cash Flow and Liquidity - The Group maintained a net cash position for the seventh consecutive year, with total cash and bank balances amounting to HKD 360.4 million, providing sufficient capital for further expansion[19] - For the six months ended June 30, 2021, the net cash generated from operating activities was HKD 507,292,000, an increase of 35.2% compared to HKD 375,284,000 for the same period in 2020[122] - The Group's current liabilities exceeded its current assets by HKD 540,982,000 as of June 30, 2021, compared to HKD 315,063,000 as of December 31, 2020[131] - Cash and cash equivalents at the end of the period were HKD 325,297,000, an increase from HKD 291,424,000 at the end of the same period in 2020[122] - The expected net cash inflows from operating activities in the next twelve months are projected to be sufficient to fulfill financial obligations[133] Segment Performance - Asiaray's airport business segment reported a revenue increase of 9.5%, reaching HKD 379.9 million during the period[25] - The metro segment revenue surged by 58.9%, amounting to HKD 353.7 million, with significant growth driven by the new Kunming Metro Line 3[26] - Revenue from the Mainland China metro segment nearly doubled compared to the same period last year, indicating strong market potential[28] - Asiaray's bus advertising segment revenue surged by 236.9% to HKD 250.0 million, indicating significant growth in the Hong Kong bus media market[33][35] Strategic Initiatives - The Group signed a nine-year exclusive agreement with Shenzhen Metro to operate media resources across multiple lines, enhancing its market presence[30] - Asiaray's partnerships with Magnite Inc., The Trade Desk, and Hivestack aim to enhance programmatic advertising capabilities and expand market share in Hong Kong and Singapore[22] - The launch of Chengdu Tianfu International Airport is expected to positively impact operations in the second half of the year, with coverage extending to 32 locations in Mainland China[27] - The Group plans to build the first fully integrated digital media network on Beijing Metro Line 17, marking a significant advancement in its advertising strategy[31] - Asiaray's O&O New Media Strategy focuses on increasing audience engagement and providing innovative advertising solutions[23] Financial Position - The Group's total assets increased to HKD 6,141,693,000 as of June 30, 2021, from HKD 5,277,283,000 as of December 31, 2020, reflecting a growth of approximately 16.4%[107] - The company reported a total liability of HKD 5,744,319,000 as of June 30, 2021, up from HKD 4,902,531,000 as of December 31, 2020[109] - The company’s non-current assets as of June 30, 2021, totaled HKD 4,544,721,000, an increase from HKD 3,637,745,000 as of December 31, 2020[177] - The Group's financial liabilities as of June 30, 2021, totaled approximately HKD 5,563.7 million, with bank borrowings subject to a repayment on demand clause amounting to HKD 1,682.5 million[144] Market Outlook - The advertising market in Mainland China experienced a year-on-year growth of 27.3% in Q1 2021, with advertising expenditure expected to grow by 8.5% to USD 111.6 billion for the year[19] - The company is optimistic about its business development in Mainland China for the second half of the year, driven by economic recovery and new strategies to reach diverse clients[42][44] - In Hong Kong, Asiaray anticipates a return to normal socioeconomic activity in the second half of the year, supported by the COVID-19 vaccination rollout[43][45]

ASIARAY ANNUAL REPORT 年 報 2020 ☆Asiaray Media Group 雅 仕 維 傳 媒 集 團 有 限 公 司 Asiaray Media Group Limited 股份代號 Stock Code: 1993 INSPIRATION EVERYWHERE 目錄 CONTENTS 企業回顧 CORPORATE REVIEW 主席報告 Chairman's Statement 19 管理層討論及分析 Management Discussion and Analysis 26 企業管治 CORPORATE GOVERNANCE 董事資料 Directors' Profle 43 企業管治報告 Corporate Governance Report 50 財務資料 FINANCIAL INFORMATION 公司資料 CORPORATE INFORMATION | --- | --- | |------------|-----------------------| | | | | 企業簡介 | Corporate Overview | | 公司概覽 | Asiaray at A ...