精 誠 交 織 非 凡 機 遇 WITH SINCERITY WE THRIVE ANNUAL REPORT 2024 年度報告 C017167 ANNUAL REPORT 2024 年度報告 Mission Statement 公司使命 Pursuing the vision of being the "Chinese Connection", both among Chinese communities and between Chinese communities and the rest of the world, Phoenix seeks to provide Chinese everywhere with a continuous stream of Chinese-language programming, ranging from entertainment, talk shows and Asian and Western movies through to balanced, accurate and up-to-the- minute news and information abou ...

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。 PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 鳳凰衛視投資（控股）有限公司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：02008） 截至2024年12月31日止年度 全年業績公告 鳳凰衛視投資（控股）有限公司（「本公司」，連同其附屬公司統稱「本集團」或「鳳凰衛視」） 董事（「董事」）會（「董事會」）欣然公佈本集團截至2024年12月31日止年度的綜合業績。 財務概要 – 1 – • 截至2024年12月31日止年度的收入約為2,235,129,000港元（截至2023年12月31日 止年度：2,467,957,000港元），較去年減少9.4%。 • 截至2024年12月31日止年度的本集團經營虧損減少至約245,301,000港元（截至2023 年12月31日止年度：305,741,000港元），較去年減少19.8%。 • 位於北 ...

付费服务收入7310万元（约合1000万美元），同比增长0.6%。 净亏损5360万元（约合730万美元）。 公司预计2025年第一季度总收入为1.471亿元到1.621亿元。广告净收入预期为1.121亿元到1.221亿元。付 费服务收入预期为3500万元到4000万元。 校对：赵燕 凤凰卫视发布公告，其在美国上市的非全资附属公司凤凰新媒体有限公司（纽约证券交易所代码： FENG）已于2025年3月12日发布了2024年第四季度及全年未经审计的财务业绩。 2024年第四季度总收入人民币2.181亿元（约合2990万美元），同比增长3.0%。广告净收入1.89亿元 （约合2590万美元），同比下降4.1%。付费服务收入2910万元（约合400万美元），同比增长96.6%， 主要由于数字阅读业务增长。净亏损360万元（约合50万美元）。非美国通用会计准则净收益810万元 （约合110万美元）。 2024年总收入7.037亿元（约合9640万美元），同比增长1.7%。广告净收入6.306亿元（约合8640万美 元），同比增长1.8%。 ...

| --- | --- | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------| | | Media Investment (Holdings) Limited 鳳凰衛視投資(控股)有限公司 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 02008 | | | | | | 中期報告 INTERIM REPORT 2024 | | | | | | | | | | | | 精 誠 交 | | | | | | 非 凡 機 遇 | | | | | | WITH S ...

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。 PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 鳳凰衛視投資（控股）有限公司 （於開曼群島註冊成立之有限公司） （股份代號：02008） 截至2024年6月30日止六個月的 未經審核中期業績公告 鳳凰衛視投資（控股）有限公司（「本公司」，連同其附屬公司（統稱「本集團」、「鳳凰」或「鳳 凰衛視」））董事（「董事」）會（「董事會」）欣然公佈本集團截至2024年6月30日止六個月（「報 告期間」）的未經審核中期業績。 財務概要 • 本集團於報告期間的收入約為1,042,746,000港元（截至2023年6月30日止六個月： 1,133,077,000港元），較去年同期減少8.0%。 • 本集團於報告期間的經營虧損減少至約181,804,000港元（截至2023年6月30日止六個 月：273,959,000港元），較去年同期減少33.6%。 • 本集團於報告期間錄得匯兌虧 ...

Media Initiatives and Projects - The Hong Kong Nature Stories project launched the city's first nature-themed documentary series on October 28, 2023, consisting of 12 episodes showcasing Hong Kong's natural beauty across six major scenarios[5]. - The project aims to enhance awareness of Hong Kong's biodiversity among students through a school series, fostering a deeper understanding and appreciation of the natural environment[6]. - A strategic cooperation agreement was signed with the Hangzhou Asian Games Organizing Committee on June 17, 2023, to jointly broadcast the 19th Asian Games globally, enhancing the event's international reach[7]. - The Greater Bay Area Film Concert 2023 took place on June 29, featuring over a hundred filmmakers and musicians, promoting the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area[13]. - The You Bring Charm to The World Award Ceremony was held on July 8, 2023, recognizing outstanding contributions by Chinese individuals globally, with live streaming across multiple platforms[20]. - The award ceremony has been conducted fourteen times since its inception in 2007, becoming a significant event for promoting international communication within the Chinese community[20]. - The 2023 Phoenix Star Best Listed Companies in Hong Kong awarded 13 companies across 9 categories, including Best Listed Company and Best New Stock, based on scores from expert judges and votes from 1.45 million netizens[31]. - The New Space, New Drive – Phoenix Financial Forum for the Greater Bay Area 2023 gathered nearly 60 guests from political, business, and academic fields, discussing the fundamentals of the Bay Area's growth and China's economic development[29]. - The forum emphasized Phoenix TV's commitment to expanding its platform internationally, starting with finance to promote Chinese culture and facilitate exchanges between China and other nations[33]. - The 2023 Zero-Carbon Mission International Climate Summit hosted nearly 80 guests, including ambassadors and representatives from various countries, focusing on global cooperation for a sustainable future ahead of COP28[43]. Awards and Recognition - The 2023 Annual Report highlights Phoenix TV's role as the largest overseas Chinese media group, promoting cultural exchange and dialogue between China and the international community[24]. - The 2023 Annual Highlights document outlines significant events and initiatives undertaken by Phoenix TV to enhance its global presence and cultural influence[26]. - The forum received support from the China Association for Public Companies and the Drucker School of Management, showcasing collaboration with authoritative media[29]. - Phoenix TV was recognized as one of China's 500 Most Valuable Brands for 20 consecutive years, ranking among the top 4 in the media industry in 2023[94][96]. - Phoenix TV won 2 Gold Awards at the 7th Business Journalism Awards, including Best Business & Finance Profile Interview and Best Greater Bay Area Business News Reporting[89][90]. - Phoenix TV received multiple awards at the 2023 New York Festivals TV & Film Awards, marking the 12th consecutive year of recognition[82][85]. - The Asia's 500 Most Influential Brands report ranked Phoenix TV 124th, highlighting its influence in Asia for 18 consecutive years[100][102]. - Phoenix TV's program production earned international recognition, with awards in various categories including human rights and investigative news coverage[83][85]. - The company has been actively involved in promoting social responsibility by creating employment opportunities for disadvantaged groups[113]. - The awards received by Phoenix TV reflect its commitment to quality and creativity in the television and film industry[117]. Financial Performance - Revenue for the year ended December 31, 2023, was approximately HK$2,467,957,000, representing a decrease of 17.8% compared to HK$3,003,733,000 for the year ended December 31, 2022[186]. - The operating loss decreased to approximately HK$305,741,000 for the year ended December 31, 2023, a reduction of 19.2% from HK$378,620,000 in the previous year[186]. - The net exchange loss for the year ended December 31, 2023, was approximately HK$4,868,000, significantly lower than HK$113,011,000 for the year ended December 31, 2022[186]. - Loss attributable to owners of the Company decreased to approximately HK$258,989,000, a decrease of 32.4% from HK$383,340,000 in the previous year[186]. - Operating costs for the year ended December 31, 2023, decreased by 18.0% to approximately HK$2,773,698,000, down from HK$3,382,353,000 in 2022[186]. - Total revenue from television broadcasting, internet media, and outdoor media was HK$2,294,422,000 for the year ended December 31, 2023, compared to HK$2,796,550,000 in 2022, reflecting a decline[189]. - The fair value loss on investment properties was approximately HK$34,285,000 for the year ended December 31, 2023, compared to HK$6,276,000 in the previous year[189]. - Basic loss per share for the year ended December 31, 2023, was HK$51.86, compared to HK$76.76 in 2022[189]. - Other income, net, for the year ended December 31, 2023, was approximately HK$39,624,000, down from HK$45,810,000 in the previous year[189]. - Non-controlling interests contributed HK$75,705,000 to the loss for the year ended December 31, 2023, compared to HK$63,535,000 in 2022[189]. Strategic Goals and Future Outlook - The company aims to leverage new technologies and channels to enhance cultural communication and engage with younger audiences[39]. - The company reported a significant increase in user engagement, with a 25% rise in viewership across its platforms compared to the previous year[174]. - Future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by new content offerings and market expansion strategies[174]. - The company is investing in new technology for content delivery, with a budget allocation of HK$50 million for the development of a new streaming platform[174]. - Phoenix plans to expand its market presence in Southeast Asia, targeting a 20% increase in audience reach in the region over the next two years[174]. - The company is exploring potential acquisitions to enhance its content library, with a focus on regional media companies[174]. - A new product line of interactive programming is set to launch in Q3 2024, aimed at increasing viewer participation and engagement[174]. - The company has established a strategic partnership with a leading tech firm to enhance its digital advertising capabilities, expected to boost ad revenue by 30%[174]. - Phoenix has committed to improving its ESG initiatives, with a target of reducing carbon emissions by 25% by 2025[174]. - The board has approved a share consolidation plan, effective February 20, 2024, to enhance share liquidity and attract institutional investors[178]. Global Reach and Distribution - Phoenix TV channels are available in over 55 hotels with a total of 49,725 rooms in North America[144]. - Phoenix TV channels are distributed to 54 countries in Africa, including South Africa, through StarTimes platforms[140]. - Phoenix TV is carried by major operators in Asia-Pacific, including Astro in Malaysia and StarHub in Singapore[137]. - Phoenix TV channels cover 45 countries in Europe through various DTH, cable, OTT, and IPTV networks[144]. - 219 hotels in Europe with over 41,800 rooms have chosen Phoenix TV channels as their official Chinese television channels[144]. - Phoenix TV is distributed in Korean hotels through Global Reach Korea[137]. - The company utilizes materials from independent bureaux located in Brazil, Canada, Mexico, Germany, Hungary, Pakistan, and Spain[159]. - Phoenix TV is available on multiple platforms in North and South America, covering 48 countries and regions[144]. - The company has established a presence in various countries, including Japan, Indonesia, and the Philippines, through local operators and OTT platforms[137]. - Phoenix Media Investment (Holdings) Limited aims to be the "Chinese Connection" among Chinese communities globally, providing a continuous stream of Chinese-language programming[164]. Commitment to Sustainability and Social Responsibility - Phoenix TV actively advocates for biodiversity protection and harmonious coexistence between humans and nature through various initiatives[45][46]. - Phoenix emphasized its commitment to sustainable development, receiving an Honourable Mention Excellence in ESG at the Hong Kong Corporate Governance and ESG Excellence Awards 2023[197]. - The company continues to enhance its corporate governance and ESG practices, aligning with industry leaders recognized in the same awards[123]. - Phoenix TV was honored with the title of Good MPF Employer for 2022-2023, recognizing its commitment to employee retirement protection[104]. - The company continues to expand its influence in the global Chinese community, particularly in Hong Kong, Macau, and Taiwan[79][80].

PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 鳳 凰 衛 視 投 資 （ 控 股 ） 有 限 公 司 ( 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) ( 股 份 代 號 ：02008 ) 附 屬 公 司 及 聯 屬 公 司 的 重 大 收 購 及 出 售 鳳凰新媒 體 董 事 會 於 2 0 2 3 年 9 月 2 7 日批准一 項 股 份 購 回 計 劃 (「 新 媒 體 購 回 計 劃 」 ) ， 據 此 ， 鳳 凰 新 媒 體 可 自 2 0 2 3 年 9 月 2 7 日 ( 即 新 媒 體 購 回 計 劃 的 生 效 日 期 ) 起，在 不 超 過 五 ( 5 ) 個 月 的 期 間 內 不 時 在 公 開 市 場 購 回 價 值 不 超 過 2 , 0 0 0 , 0 0 0 美 元 之 美 國 預 託 股 份 ( 每股代表 4 8 股 鳳 凰 新 媒 體 A 類普通 股 ) 。有關新媒體購回計劃的進一步資料，請參閱本公司日期為 2023 年 9 月 2 7 日 的 公 告 。 新 媒 體 購 回 計 劃 的 實 施 期 於 2024 年 ...

除非另有說明，否則財務報表以港元（「港元」）呈列。此等財務報表已由董事會於2024年3月15日批 准刊發。 | --- | --- | |------------------------------------------|----------------| | | | | 香港會計準則第 1 號（經修訂） （修訂本） | 會計政策的披露 | | | | | 香港會計準則第 8 號（修訂本） | 會計估計的定義 | | 香港會計準則第 12 號（修訂本） | | 該等修訂本澄清香港會計準則第12號「所得稅」的遞延稅項初步確認豁免規定不適用於會產生 等額應課稅及可扣稅暫時差額的交易，例如會導致確認租賃負債及相應使用權資產的租賃合約 以及會導致確認退役責任及相應金額確認為資產的合約。相反，實體須在初步確認時確認相關 遞延所得稅資產及負債，且確認任何遞延所得稅資產時須受香港會計準則第12號「所得稅」的 可收回性標準規限。 – 22 – | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------- ...

獨立非執行董事 謹 提述於 2 0 2 3 年 4 月 2 4 日 刊 發 鳳 凰 衛 視 投 資 ( 控 股 ) 有 限 公 司 (「 本公司 」) 截 至 2 0 2 2 年 1 2 月 3 1 日 止 年 度 之 年 報 ( 「 2 0 2 2 年 年 報 」 ) 。 除 另 有 界 定 者 外 ， 本 公 告 所 用 之 詞 彙 與 2 0 2 2 年 年 報 所 界 定 者 具 有 相 同 涵 義 。 PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 鳳 凰 衛 視 投 資 （ 控 股 ） 有 限 公 司 ( 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ) ( 股 份 代 號 ：02008 ) 本公司 謹 此 澄 清 及補充 以 下 根 據 上 市 規 則 第 1 7 . 0 7 ( 2 ) 條 於 2 0 2 2 年年報 內 所 披 露，根 據 2 0 1 7 年 購 股 權 計 劃 下 可 授 出 的 購 股 權 (「 可 授 出 的 購 股 權 」) 數 目 的 資 料 : 上 述 資 料 並 不 影 響 2022 年 年 報 所 載 的任何 ...

Financial Assets and Investments - Financial assets at fair value through profit or loss totaled HK$909,623,000, including HK$18,622,000 in trading equity securities and HK$97,129,000 in structured deposits[1] - Financial assets at fair value through profit or loss increased to HK$1,015,174,000, with HK$927,603,000 in structured deposits and HK$72,419,000 in other investments[2] - The fair value of financial instruments in Level 3 was reviewed by the Finance Department, including convertible redeemable preferred shares, with discussions held with independent valuers on valuation assumptions and results[34] - The Group's balance of financial assets at the end of the period was HK$1,374,418,000, including a fair value loss of HK$14,419,000[28] - Other investments have a fair value of HK$72,419,000, measured using the market approach and price derived from observable market data[53] - The Group's listed securities investments had an estimated fair market value of approximately HK$18,622,000 as of 30 June 2023, up from HK$14,821,000 as of 31 December 2022[107] - The Group's investments in listed securities accounted for less than 5% of its total assets as of 30 June 2023[107] Investment Properties - The Group's investment properties in the UK were valued at HK$13,018,000 using the income capitalization approach[32] - The Group's investment properties in Shenzhen had a net book value of HK$19,535,000, with a cost of HK$30,848,000[26] - Phoenix International Media Centre in China has a fair value of HK$1,319,002,000 as of 30 June 2023, compared to HK$1,293,732,000 as of 31 December 2022[46][48] - Commercial properties in the UK have a fair value of HK$12,926,000 as of 30 June 2023, with an estimated rental value of £407 per annum per square metre and a reversionary yield of 8%[46][48] - Commercial properties in China have a fair value of HK$41,942,000 as of 30 June 2023, with an adjusted average price of RMB29,491 per square metre[46][48] - The Group's entitlement to use 10,000 square metres in the Shenzhen Building has a net book value of HK$19,535,000 as of 30 June 2023[59] - Investment properties grew to $1,374,418 from $1,307,283, reflecting a 5.1% increase[196] Revenue and Profitability - Group's total revenue for the six months ended 30 June 2023 was HK$1,133,077 thousand, a decrease from HK$1,490,072 thousand in the same period in 2022[88] - Operating loss for the period was HK$273,959 thousand, compared to HK$365,246 thousand in 2022[88] - Loss attributable to owners of the Company was HK$129,158 thousand, an improvement from HK$330,508 thousand in 2022[88] - Basic loss per share was HK$2.59 cents, compared to HK$6.62 cents in 2022[88] - Television broadcasting revenue decreased to HK$409,250 thousand from HK$557,995 thousand in 2022[88] - Internet media revenue declined to HK$373,400 thousand from HK$453,830 thousand in 2022[88] - Outdoor media revenue dropped to HK$265,923 thousand from HK$381,642 thousand in 2022[88] - Real estate revenue significantly decreased to HK$8,795 thousand from HK$25,014 thousand in 2022[88] - Group revenue for the period was approximately HK$1,133,077,000, a decrease of 24.0% compared to the same period last year[116] - Operating loss decreased to approximately HK$273,959,000, a 25.0% reduction compared to the same period last year[116] - Net exchange gain for the period was approximately HK$1,574,000, compared to a loss of HK$68,796,000 in the same period last year[116] - Loss attributable to owners of the company decreased to approximately HK$129,158,000, a 60.9% reduction compared to the same period last year[116] - Operating costs decreased by 24.2% to approximately HK$1,407,036,000[116] - Group's total revenue for the first half of 2023 was HK$1,133,077,000, a decrease from HK$1,490,072,000 in the same period of 2022[155] - Television broadcasting revenue decreased by 26.7% to HK$409,250,000, accounting for 36.1% of the total revenue[155] - Revenue from Phoenix Chinese Channel and Phoenix InfoNews Channel decreased by 26.9% to HK$253,868,000, accounting for 22.4% of the total revenue[155] - Revenue from Phoenix Hong Kong Channel, Phoenix Movies Channel, and other channels decreased by 26.2% to HK$155,382,000[155] - Internet media segment revenue was HK$373,400,000 with a segmental loss of HK$108,095,000[155] - Outdoor media segment revenue was HK$265,923,000 with a segmental loss of HK$24,797,000[155] - Real estate segment revenue was HK$8,795,000 with a segmental loss of HK$9,488,000[155] - Other businesses segment revenue was HK$75,709,000 with a segmental loss of HK$26,405,000[155] - Internet media business revenue decreased by 17.7% to HK$373.4 million, with a segmental loss of HK$108.1 million[156] - Outdoor media business revenue decreased by 30.3% to HK$265.9 million, with a segmental loss of HK$24.8 million[156] - Real estate business reported a segmental loss of HK$9.5 million, compared to a profit of HK$14.0 million in the previous period[156] Media and Brand Performance - Phoenix's social media accounts, including "Phoenix" and "Phoenix TV News," continued to grow in influence and subscriber numbers[95] - Phoenix was listed as one of China's 500 Most Valuable Brands for the 20th consecutive year, ranking among the top four in the media industry[95] - The Group's internet media platform "Phoenix New Media" has maintained leading user numbers and activity levels, with its flagship product "Phoenix News Client" continuing to be one of the most popular mobile terminal information products among Chinese users[99] - The "Phoenix News Client" saw an increase in average usage time and click-through rate in the first half of the year, with significant reports effectively boosting traffic within the app[99] - The "Phoenix WEEKLY" multimedia brand has over 42 million users globally, including approximately 10 million video users[101] - The Group's "Phoenix New Media" has strengthened collaboration with other members of the Group, amplifying synergistic effects in major event reporting and integrated marketing[99] - The Group's original content has sparked discussions on social media, enhancing media influence and increasing the bargaining power of brand advertising[99] - The Group's international programs, such as "Global Observation Group," have shown initial commercial success, with major events like "Women's Awards" and "Global Auto Awards" solidifying industry influence[99] - Phoenix New Media's IFENG News App maintained a leading position among Chinese users, with increased average usage time and click-through rate in the first half of the year[126] - Phoenix Urban Media's outdoor LED media resources cover over 300 cities in China and 30 countries and regions globally[129] - Phoenix Metropolis Media's outdoor LED display panel media resources cover over 300 cities in China with over 1,000 panels and a global network encompassing over 30 countries and regions[153] - The new media brand "Phoenix WEEKLY" matrix has over 42 million local and overseas users with 10 million video users[153] Foreign Exchange and Risk Management - The Group is exposed to foreign exchange risks primarily from USD and RMB, and manages these risks through regular monitoring and potential use of forward currency contracts[106] - The Group's foreign exchange risk is primarily related to USD and RMB, with minimal exposure to Pound Sterling[134] - The Group may consider using forward currency contracts to manage and reduce foreign exchange risks[134] Dividends and Share Options - The Group did not recommend any interim dividend for the six months ended 30 June 2023[42] - No dividend was paid or declared during the six months ended 30 June 2023[57] - No interim dividend was recommended for the period, consistent with the previous year's policy[156] - No share options were granted or exercised under the company's 2017 Share Option Scheme during the period, and 17,720,000 share options granted to 13 employees lapsed[143] - As of 30 June 2023, 410,595,950 share options were available for grant under the 2017 Share Option Scheme, representing approximately 8.22% of the company's total issued share capital[144] - Under the 2008 PNM Share Option Scheme, 8,489,850 share options granted to 14 employees lapsed during the reporting period[146] - No share options were granted or exercised under the 2018 PNM Share Option Scheme during the period, and 5,585,000 share options granted to 10 employees lapsed[150] - 17,720,000 share options granted to 13 employees lapsed during the period under the 2017 Share Option Scheme[169] - The total number of share options available for grant under the 2017 Share Option Scheme is 410,595,950, representing approximately 8.22% of the company's total issued share capital[169] - 8,489,850 share options granted to 14 employees lapsed during the period under the 2008 PNM Share Option Scheme[172] - 5,585,000 share options granted to 10 employees lapsed during the period under the 2018 PNM Share Option Scheme[174] - The balance of share options as of 30 June 2023 under the 2018 PNM Share Option Scheme was 17,860,000[175] Corporate Governance and Structure - The Chairman, Mr. Xu, is not subject to retirement by rotation, deviating from code provision B.2.2, as per the company's Articles of Association[183] - The company has established an Audit Committee with duties including reviewing interim and annual results, financial reports, and accounting principles[186] - The company's Board of Directors includes Mr. Xu Wei as Chairman and CEO, and Mr. Sun Yusheng as Deputy CEO and Editor-in-Chief[191] Assets and Liabilities - Total assets as of 30 June 2023 amounted to $7,064,683, compared to $7,219,408 in the previous period[196] - Non-current assets increased slightly to $3,245,804 from $3,222,681, driven by growth in investment properties and property, plant, and equipment[196] - Current assets decreased to $3,818,879 from $3,996,727, primarily due to a reduction in accounts receivable and bank deposits[196] - Accounts receivable decreased by 19.9% to $720,780 from $899,782[196] - Bank deposits declined by 10.4% to $909,623 from $1,015,174[196] - Purchased programme and film rights, net, increased to $15,582 from $14,207, a 9.7% rise[196] - Cash and cash equivalents remained stable at $1,411,015 compared to $1,374,812[196] - The balance of employee stock options as of 30 June 2023 was 9,540,653, down from 18,030,503 at the start of the year[199] Staff and Costs - The company employed 2,943 staff as of 30 June 2023, a decrease from 2,975 at the end of 2022, with staff costs decreasing to approximately HK$602,301,000 from HK$685,172,000 in the previous period[135] - The Group's unallocated expenses primarily included corporate staff costs, office rental, general administrative expenses, and marketing and advertising expenses[14] Acquisitions and Financing - The Group completed several acquisitions, including 100% equity interests in Phoenix Intelligent Media and Shenzhen Phoenix Star Cultural Industrial Company[156] - The Group's funding and treasury policies focus on maintaining a diversified funding base and managing financial risks[157] - The Group's liquidity and financial resources remained solid, with total borrowings of HK$193.2 million[157] - The Group plans to consolidate existing businesses while exploring new opportunities that complement and enhance current operations, considering various financing methods as needed[107] Miscellaneous - The company's property in the United States with a carrying value of approximately HK$2,562,000 was pledged as collateral for a bank loan, which was fully repaid by 30 June 2023[135] - As of 30 June 2023, the company's authorized share capital was HK$1,000,000,000, divided into 10,000,000,000 ordinary shares, with 4,993,659,500 shares issued and fully paid[135] - No shares were purchased, sold, or redeemed by the company or its subsidiaries during the period[161] - No directors or chief executives held any interests or short positions in the company's securities as of 30 June 2023[161] - The Group's total cash and current bank deposits were HK$1,660.6 million, with structured deposits of HK$793.5 million recorded as financial assets[157] - The Group's gearing ratio was 80.8% as of 30 June 2023, slightly improved from 81.7% at the end of 2022[157] - The Group's equity interest in PNM remained unchanged at 54.49%[156] - The Group's unallocated income included exchange gain, interest income, fair value gain on financial assets, and gain on acquisition of subsidiaries[14] - The Group's Hong Kong profits tax was provided at a rate of 16.5% on the estimated assessable profit for the period[17] - The Group is in the process of obtaining the title certificate for 8,500 square metres of entitled areas in the Shenzhen Building through the payment of land premium and taxes[59] - Convertible redeemable preferred shares have a fair value of HK$331,000 with a DLOM (Discount for Lack of Marketability) of 20% and volatility of 50%[53]