Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 580,953 thousand, a decrease of 19.2% compared to RMB 718,430 thousand for the same period in 2023[1] - Net loss for the period was RMB 7,567 thousand, compared to a profit of RMB 2,869 thousand in the same period last year, representing a significant shift in performance[2] - The company reported a net loss attributable to owners of the company of RMB 13,979 thousand, compared to a loss of RMB 9,183 thousand in the previous year[2] - The basic and diluted loss per share for the period was RMB 4.2, compared to RMB 3.2 for the same period in 2023[2] - Other income decreased significantly to RMB 15,217 thousand from RMB 60,150 thousand, a drop of 74.7% year-on-year[1] - The group reported a loss before tax of RMB 9,414,000 for the six months ended June 30, 2024[12] - The net loss attributable to the company's owners for the six months ended June 30, 2024, was RMB 19,754 thousand, compared to a loss of RMB 14,786 thousand in the same period of 2023[23] - The company reported a net financing cost of RMB 53,431 thousand for the six months ended June 30, 2024, down from RMB 69,854 thousand in the same period of 2023[20] - EBITDA for the first half of 2024 was RMB 320.1 million, down from RMB 476.0 million in the first half of 2023[31] - The group’s gross profit increased by RMB 12.1 million or 7.9% to RMB 164.9 million, with the gross profit margin rising from 21.3% in 2023 to 28.4%[40] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 2,610,454 thousand, down from RMB 2,877,536 thousand at the end of 2023, indicating a decrease of 9.3%[3] - Cash and cash equivalents decreased to RMB 262,815 thousand from RMB 367,241 thousand, a decline of 28.4%[3] - Non-current liabilities decreased to RMB 1,178,162 thousand from RMB 1,189,550 thousand, reflecting a slight reduction of 0.3%[4] - As of June 30, 2024, the group's current liabilities exceeded current assets by approximately RMB 213,741,000, compared to RMB 250,309,000 as of December 31, 2023[6] - The group's total liabilities included confirmed borrowings of RMB 243,829,000 and lease liabilities of approximately RMB 683,719,000 as of June 30, 2024[6] - The company’s total liabilities decreased from RMB 1,474,726 thousand as of December 31, 2023, to RMB 1,409,894 thousand as of June 30, 2024[17] - The company’s non-current assets in mainland China as of June 30, 2024, were valued at RMB 1,147,689 thousand, a slight decrease from RMB 1,163,852 thousand as of December 31, 2023[17] Revenue Breakdown - Revenue for the six months ended June 30, 2024, totaled RMB 580,953,000, with the airport business contributing RMB 180,822,000, the metro and billboard business RMB 187,098,000, and the bus and other businesses RMB 213,033,000[12] - Advertising revenue for the six months ended June 30, 2024, was RMB 454,542 thousand, down from RMB 569,608 thousand in the same period of 2023, representing a decline of 20.2%[15] - The airport segment revenue for the first half of 2024 was RMB 180.8 million, down from RMB 248.3 million for the same period in 2023, while gross profit increased to RMB 78.9 million with a gross margin of 43.6%[31] - The revenue for the subway and outdoor advertising segment reached RMB 187.1 million, with a gross profit of RMB 54.2 million and a gross margin of 29.0%[33] - The bus and other segment saw revenue increase to RMB 213.0 million, with gross profit rising to RMB 31.8 million and a gross margin of 14.9%[34] Cost and Expenses - The group incurred selling and marketing expenses of RMB 58,108,000 and administrative expenses of RMB 74,924,000 during the reporting period[12] - The company’s employee benefit expenses for the six months ended June 30, 2024, were RMB 93,405 thousand, compared to RMB 101,295 thousand in the same period of 2023[17] - The group has implemented strict cost control measures, resulting in a significant improvement in gross margin for the third consecutive year[31] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated financial results for the period[59] - The company has complied with all applicable corporate governance codes except for specific provisions regarding the separation of roles between the chairman and CEO[56] - All directors confirmed compliance with the standard code of conduct for securities trading during the reporting period[57] - The company will continue to review and enhance its corporate governance practices to ensure compliance with the corporate governance code[56] Future Outlook and Strategy - The group anticipates sufficient funding sources to meet its financial obligations over the next twelve months, including projected net cash inflows from operating activities[6] - The group maintains a cautiously optimistic outlook for the future, supported by ongoing improvements in gross margins and flexible business operations[37] - The group is committed to delivering long-term value for stakeholders by capturing emerging opportunities in a changing market landscape[37] - The group plans to streamline its structure to better adapt to evolving advertising demands and improve operational efficiency[37] - The group successfully regained exclusive advertising rights for nine subway lines in Shenzhen, enhancing its market position and resource utilization[33] - The group’s new media strategy incorporates advanced technologies such as AR and VR, enhancing audience engagement and advertising effectiveness[35] - The group has established strong partnerships with leading technology companies, enabling it to attract major global brand clients and enhance its programmatic advertising capabilities[36] - The group anticipates continued market demand for advertising solutions in the Greater Bay Area, driven by increasing cross-border activities[37]

Advertising Concessions and Partnerships - Asiaray Media Group regained exclusive concession rights for advertising and media resources in Hangzhou Metro Lines 2, 4, and additionally obtained rights for Line 9[35] - Asiaray acquired exclusive concession rights for advertising and media resources in Wenzhou Rail Transit S2 Line[39] - The company gained exclusive concession rights for advertising and media resources in Shenzhen Metro Lines 3, 6, sub-line 6, 10, 14, and 16[42] - Asiaray holds exclusive concession rights for 38 airports and 17 metro lines, enhancing its media resource network[18] - The Group secured exclusive concession rights for advertising on several lines of the Hangzhou Metro, enhancing its presence in a major transport hub[90] - The Group entered into exclusive advertising resources operation contracts for Shenzhen metro lines 3, 6, 10, 14, 16, and line 12, effective from February 5, 2024, for a period of 5 years[156] - The Group established strong partnerships with leading technology companies such as Hivestack, The Trade Desk, and Vistar Media to promote its OOH media resources and programmatic digital strategies[97][99] - The company has established strong partnerships with media resource owners, advertisers, brands, and clients, which has helped maintain revenue levels[60] Financial Performance - The group's consolidated revenue for 2023 was RMB 1,653.2 million, an increase from RMB 1,608.8 million in 2022, representing a growth of 2.8%[54] - Earnings before interest, tax, depreciation, and amortization (EBITDA) for 2023 reached RMB 1,154.5 million, up from RMB 838.3 million in 2022, indicating a significant improvement[56] - Associate companies' revenue for 2023 was RMB 685.5 million, an increase from RMB 617.9 million in 2022, marking a growth of 10.9%[54] - The group improved its gross profit margin despite a challenging economic environment, resulting in a substantial reduction in losses by 89.0%[60] - The revenue generated by DOOH+ solutions was RMB 348 million, accounting for 22% of total revenue, reflecting a 15% increase[67] - Asiaray maintained its revenue level while significantly narrowing its losses by 89.0% during 2023[62] - The Group's revenue for the year ended December 31, 2023, was RMB 1,608.8 million, a decrease of 2.7% from RMB 1,653.2 million in 2022[74] - Combined revenue, including associated companies, was RMB 2,226.7 million, down from RMB 2,338.7 million in 2022, reflecting a decline of 4.8%[77] - Gross profit increased to RMB 351.9 million, up from RMB 269.2 million in 2022, resulting in a gross profit margin improvement to 21.9%[77] - EBITDA for the year was RMB 838.3 million, a decrease from RMB 1,154.5 million in 2022[77] - The Group significantly reduced its loss by 89.0% to RMB 9.9 million, compared to a loss of RMB 89.7 million in 2022[77] Operational Efficiency and Cost Management - Asiaray enhanced operational efficiency and gross profit margin through stringent cost control and media network optimization[63] - The company has continued to invest in its digital out-of-home (DOOH+) advertising solutions, enhancing its competitive advantage in the market[60] - The cost of revenue decreased by RMB 127.2 million, or 9.2%, from RMB 1,384.1 million in 2022 to RMB 1,256.9 million in 2023[110] - Selling and marketing expenses decreased by RMB 16.5 million, or 11.1%, from RMB 149.3 million in 2022 to RMB 132.8 million in 2023[119] - Net finance costs decreased by RMB 78.8 million, or 38.2%, from RMB 206.2 million in 2022 to RMB 127.4 million in 2023[121] - The Group's rigorous cost control framework has enhanced profitability while providing exceptional service to brands and customers[66] Market Position and Strategy - Asiaray operates in nearly 40 cities across Greater China, leveraging a well-developed space management model[12] - The "Space Management" operation model has been recognized by Harvard Business as a study case, highlighting the contributions of Asiaray Media Group to the OOH advertising industry[36] - The Group's advertising solutions adapted to market changes, leveraging cross-border media resources to capture new opportunities from the reopening of borders between Hong Kong and Mainland China[87] - The Group remains cautiously optimistic about its prospects for 2024, identifying potential opportunities in the growing cross-border consumption activities between Mainland China and Hong Kong[100] - The Group is focusing on key resources with promising growth potential while exiting marginally profitable avenues through media network optimisation strategies[101] - The Group's O&O New Media Strategy integrates Outdoor and Online advertising, reinforcing its market position amidst economic challenges[62] Human Resources and Governance - The company has over 790 employees, indicating a robust workforce to support its operations[15] - As of December 31, 2023, the Group had 796 employees, down from 932 employees in 2022, reflecting a reduction of about 14.6%[155] - The total salaries and related costs for the years ended December 31, 2023, and 2022 amounted to RMB 223.7 million and RMB 230.0 million, respectively, showing a decrease of approximately 2.7%[155] - The Group's human resources strategy includes competitive remuneration packages and benefits for employees in Hong Kong and Mainland China[155] - The company has adopted the corporate governance code as per the Listing Rules Appendix C1, ensuring compliance with applicable rules and regulations[199] - The company has maintained a high level of corporate governance practices to balance the interests of shareholders, customers, and employees[198] Awards and Recognition - The company received multiple awards, including 6 Gold Awards and 3 Silver Awards at the China Outdoor Media Creative Conference, highlighting its industry recognition[51] - The Chairman, Vincent Lam, was invited to become the first Chinese board member of the World Outdoor Organization, reflecting the company's international recognition[40] - Asiaray's business and public welfare contributions have been recognized, with the Chairman awarded the honor of Justice of the Peace[41]

Financial Performance - For the fiscal year ending December 31, 2023, the total revenue was RMB 1,608,784,000, a decrease of 2.7% compared to RMB 1,653,226,000 for the fiscal year ending December 31, 2022[1]. - Gross profit for the year was RMB 351,858,000, representing a significant increase of 30.7% from RMB 269,164,000 in the previous year[1]. - The company reported a net loss attributable to owners of the company of RMB 19,698,000, an improvement from a net loss of RMB 112,663,000 in the prior year[3]. - The group reported a total revenue of RMB 1,474,726,000 for the year ended December 31, 2023, compared to RMB 1,770,388,000 in 2022, reflecting a decline of about 17%[61]. - The group's revenue for the year decreased from RMB 1,653.2 million to RMB 1,608.8 million, representing a year-on-year decline of 2.7% due to project terminations[88]. - The group’s gross profit increased to RMB 351.9 million with a gross margin of 21.9%, up from RMB 269.2 million in the previous year[102]. - The group’s EBITDA for the year totaled RMB 838.3 million, down from RMB 1,154.5 million in the previous year[102]. - EBITDA decreased by RMB 316.2 million or 27.4% from RMB 1,154.5 million in 2022 to RMB 838.3 million in 2023[123]. - Loss attributable to owners decreased by RMB 93.0 million or 82.5% from RMB 112.7 million in 2022 to RMB 19.7 million in 2023[124]. Assets and Liabilities - Total liabilities decreased to RMB 2,630,154,000 from RMB 2,880,860,000, indicating a reduction of approximately 8.7%[7]. - The company’s total equity decreased to RMB 247,382,000 from RMB 272,148,000, a decline of approximately 9.1%[7]. - Total assets decreased to RMB 2,877,536 thousand as of December 31, 2023, down from RMB 3,153,008 thousand in 2022, reflecting a decline of approximately 8.7%[21]. - The group’s accounts receivable and other receivables totaled RMB 559,116,000 as of December 31, 2023, down from RMB 625,718,000 in 2022, indicating a decrease of approximately 11%[43]. - The group’s total borrowings as of December 31, 2023, amounted to RMB 416,945,000, an increase from RMB 323,756,000 in 2022, representing a growth of about 29%[50]. - The total current assets decreased to RMB 750.9 million in 2023 from RMB 786.8 million in 2022, reflecting a strategic adjustment in asset management[71]. Cash Flow and Financing - The company’s cash flow forecast indicates sufficient operational funds to meet financial obligations for at least the next twelve months[11]. - The company reported cash and cash equivalents of RMB 367,241 thousand, an increase from RMB 333,320 thousand in the previous year[21]. - As of December 31, 2023, the company's cash and cash equivalents, along with bank deposits, reached RMB 390.8 million, up from RMB 365.1 million in 2022, providing a solid foundation for sustainable development[80]. - Financing income from bank deposits showed a loss of RMB 4,083,000 for the year ended December 31, 2023, compared to a loss of RMB 2,203,000 in 2022, indicating a deterioration in financing income[37]. - Total financing costs amounted to RMB 131,514,000 in 2023, down from RMB 208,432,000 in 2022, reflecting a decrease of approximately 37%[37]. - The net financing cost for the year was RMB 127,431,000, a reduction from RMB 206,229,000 in the previous year, representing a decrease of about 38%[37]. - Current income tax expenses were RMB 4,311,000 in 2023, down from RMB 11,658,000 in 2022, indicating a decrease of approximately 63%[38]. Segment Performance - The airport business segment generated revenue of RMB 519,364,000, while the subway and billboard business segments generated RMB 585,493,000 and RMB 503,927,000, respectively[15]. - The airport segment recorded revenue of RMB 585.5 million, with a gross profit of RMB 158.9 million and a gross margin of 27.1%[106]. - The subway and billboard segment revenue decreased by 1.8% from RMB 596.4 million in 2022 to RMB 585.5 million in 2023, attributed to the termination of a subway line in Shenzhen[89]. - The advertising segment generated revenue of RMB 503.9 million in 2023, slightly up from RMB 502.6 million in 2022, with a gross profit of RMB 55.1 million and a gross margin of 10.9%[84]. - The company’s advertising consulting service revenue increased to RMB 4,773 thousand in 2023 from RMB 3,944 thousand in 2022[34]. Operational Adjustments - Selling and marketing expenses decreased to RMB 132,759,000 from RMB 149,306,000, reflecting a reduction of approximately 11.1%[1]. - Administrative expenses increased slightly to RMB 182,841,000 from RMB 175,838,000, showing a rise of about 4.3%[1]. - The company plans to selectively exit underperforming media resources while enhancing the performance of existing media assets to improve financial results[79]. - The accounts receivable loss provision increased by RMB 3,206,000 in the current year, compared to RMB 26,303,000 in 2022, indicating a focus on credit risk management[72]. - The company has successfully secured exclusive advertising and media resource rights for multiple subway lines in Hangzhou, enhancing its presence in a key transportation hub[83]. Employee and Governance - As of December 31, 2023, the total salary and related costs for employees amounted to RMB 223.7 million, compared to RMB 230.0 million in 2022, reflecting a decrease of approximately 2%[156]. - The group employed 796 employees as of December 31, 2023, down from 932 employees in 2022, indicating a reduction of about 14.6%[156]. - The board of directors does not recommend the payment of a final dividend for the year, consistent with the previous year[70]. - The board does not recommend the payment of a final dividend for the current year, consistent with the previous year[157]. - The audit committee and the board have reviewed and approved the audited annual results for the year ending December 31, 2023[161]. Future Outlook - The group maintains a cautious optimism for 2024, identifying potential opportunities from the increasing cross-border consumption activities between mainland China and Hong Kong despite geopolitical conflicts and inflation[86]. - The group successfully acquired several major clients, including multiple Fortune 500 companies, through its programmatic DOOH technology[86].

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].