MEDIALINK GROUP(02230)

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羚邦集团(02230) - 2023 - 年度财报
2023-07-27 08:49
Financial Performance - Total revenue for the year ended March 31, 2023, was HK$473,899,000, representing a 19.1% increase from HK$397,876,000 in 2022[13] - Profit attributable to shareholders increased by 12.0% to HK$47,523,000 from HK$42,426,000 in the previous year[13] - Proposed final dividend per share increased by 20.0% to HK$0.42 from HK$0.35 in 2022[13] - The gross profit margin decreased to 48.1% from 49.7% in the previous year[13] - The Group achieved a revenue growth of 19.1% and a net profit growth of 12.0% during the reporting period, surpassing regional GDP forecasts[26] - Revenue for the year ended 31 March 2023 reached HK$473.9 million, representing a year-on-year growth of 19.1%[41] - Net profit for the year ended 31 March 2023 was HK$47.5 million, marking a year-on-year growth of 12.0%[41] - Gross profit for the year was HK$228.0 million, an increase of 15.4%, with a gross profit margin of 48.1%[100] Revenue Breakdown - Media Content Distribution Business revenue increased by 13.9% to HK$314,198,000, while Brand Licensing Business revenue rose by 30.8% to HK$159,701,000[13] - Revenue from Media Content Distribution Business was HK$314.2 million, accounting for 66.3% of total revenue, while Brand Licensing Business generated HK$159.7 million, representing 33.7% of total revenue[96] - Revenue from the distribution of feature films significantly increased by 225.8%, contributing HK$60.6 million during the year[97] - Revenue from Brand Licensing Business grew by 30.8%, driven by increased popularity of international character brands and rapid growth in merchandise sales, which reached HK$28.8 million, up 221.5%[98] Business Expansion and Acquisitions - The Group completed the acquisition of a 49% equity interest in Sunrise eMarketing Limited in February 2023, marking its first merger and acquisition[33] - The Group's subsidiary, Whateversmiles Corporation, was appointed as the exclusive master agent for Le Petit Prince in Japan for five years starting January 1, 2023[28] - The Group has expanded its licensing brand rights, becoming the exclusive agent for the new animated series "The Little Prince and Friends" in over 45 regions, marking a significant milestone in brand licensing expansion[67] - The Group completed the acquisition of a 49% equity interest in Sunrise for HK$4.0 million, recording a share of profit of HK$0.2 million during the year[110] Digital Initiatives and Content Distribution - Ani-One® OTT is now available on 21 platforms across 8 territories, expanding its reach to Mongolia[42] - Ani-One® Thailand YouTube channel launched on 10 February 2023, gaining over 100,000 subscribers within 3 months[46] - Ani-One® Asia YouTube channel has over 3.15 million subscribers and 600 million accumulated views[48] - The Group co-invested in the Taiwanese movie "My Heavenly City," set for release in the second half of 2023[55] Brand Licensing and Marketing - The Brand Licensing segment reported strong financial results due to significant growth in Japanese anime brand licensing, with various local and regional campaigns launched, including collaborations with major brands like Coca-Cola and Jujutsu Kaisen[66][68] - Various pop-up stores and events were launched across regions, including Jujutsu Kaisen and Sesame Street events, enhancing brand visibility and consumer interaction[71][72] - The Group's Ani-Mall has expanded into offline channels, including pop-up stores and collaborations with various IPs, receiving overwhelming responses[74][76] Corporate Governance and Management - The company has adopted the corporate governance code and has complied with its provisions, except for the provision C.2.1 regarding the roles of the Chairman and CEO being held by the same individual, Zhao Xiaoyan[176] - The Board consists of three executive directors and four non-executive directors, including independent non-executive directors, ensuring compliance with the Listing Rules[177] - Independent non-executive directors represent at least one-third of the Board, with one possessing appropriate professional qualifications or financial management expertise[180] - The Board is responsible for leadership and control, directing and supervising the company's affairs, and ensuring sound internal control and risk management systems[185] Financial Position and Liquidity - The liquidity ratio improved with a current ratio of 2.5 compared to 2.4 in the previous year[13] - The company reported a cash ratio of 0.8, down from 0.9 in the previous year[13] - The Group had cash and bank balances of HK$281.7 million as of March 31, 2023, compared to HK$283.3 million in 2022[141] - As of March 31, 2023, net current assets increased by 9.2% to HK$487.8 million compared to HK$446.6 million as of March 31, 2022[139] Future Outlook and Strategy - The Group aims for double-digit growth in 2023/2024, focusing on expanding content distribution platforms and acquiring top-grade TV series and movies[91] - The Group plans to explore joint ventures and investments to enhance business value and expand licensing rights to additional regions[91] - The Group will continue to develop new products in-house and expand its sales network by creating new sales channels and seeking new partners[91]
羚邦集团(02230) - 2023 - 中期财报
2022-12-29 08:37
Financial Performance - Revenue for the six months ended September 30, 2022, was HK$212,910,000, representing a 15.3% increase from HK$184,668,000 in 2021[14] - Profit attributable to shareholders of the company was HK$32,258,000, up 12.7% from HK$28,624,000[15] - Total revenue increased by 15.3% to HK$212.9 million during the six months ended 30 September 2022[26] - Net profit rose by 12.7% to HK$32.3 million, aligning with the company's 5-year corporate strategy (2019-2024)[26] - The Group's total revenue for the six months ended September 30, 2022, reached HK$212.9 million, representing an increase of HK$28.2 million or 15.3% compared to the same period last year[82] Revenue Breakdown - Media Content Distribution Business revenue increased by 9.1% to HK$138,013,000 from HK$126,535,000[15] - Brand Licensing Business revenue rose by 28.8% to HK$74,897,000 compared to HK$58,133,000 in the previous year[15] - Media Content Distribution Business accounted for 64.8% of total revenue, while Brand Licensing Business contributed 35.2%[27] - Revenue from the Media Content Distribution Business increased by 9.1% to HK$138.0 million, contributing 64.8% of total revenue[83] - Revenue from the Brand Licensing Business increased by 28.8% to HK$74.9 million, driven by growth in Japanese anime and merchandise sales[84] Dividends and Shareholder Returns - The interim dividend per share was increased to HK$0.70 cents from HK$0.50 cents[15] - The interim dividend per share is set at HK$0.70, reflecting the company's commitment to returning value to shareholders[22] - The board has approved a share buyback program worth $5 million to enhance shareholder value[171] Financial Ratios and Position - The current ratio as of September 30, 2022, was 2.3, slightly down from 2.4 as of March 31, 2022[15] - The cash ratio decreased to 0.7 from 0.9 over the same period[15] - The liquidity ratio indicates a stable financial position, with sufficient current assets to cover current liabilities[15] - As of September 30, 2022, the group's cash and bank balances were HK$255.5 million, with a current ratio of 2.3 times[123] - The Group's net current assets as of September 30, 2022, were HKD 479.9 million, an increase from HKD 446.6 million as of March 31, 2022[128] Operational Highlights - The company expanded its content distribution network, partnering with platforms like Amazon Prime Video, Disney+, and Netflix, now covering regions including India, Korea, and Europe[32] - The company successfully released the animated film "Jujutsu Kaisen: Zero," achieving strong box office performance in multiple regions[34] - Ani-One® YouTube platform launched a localized channel, gaining over 140,000 subscribers within three months of its launch[39] - Ani-One® Asia YouTube channel operates in over 42 territories, with more than 2.9 million subscribers and over 514 million accumulated views as of 25 November 2022[41] - The Group has a total of 21 platforms across eight territories for its Ani-One® OTT service, enhancing its market presence[35] Cost and Expenses - The Group's cost of sales increased by HK$20.6 million or 22.6% to HK$111.7 million, in line with revenue growth[88] - Selling and distribution expenses amounted to HK$26.8 million, a modest increase of 0.3% compared to the previous year[91] - General and administrative expenses increased by HK$0.8 million or 3.8% to HK$22.8 million, primarily due to higher staff costs[92] Strategic Initiatives - The Group aims for double-digit growth in the financial year 2022/2023, focusing on expanding content distribution platforms and acquiring high-quality media content[75] - The company plans to expand its market presence in Asia, targeting a 30% increase in market share by the end of 2024[171] - New product launches are expected to contribute an additional $20 million in revenue for the next quarter[171] - A strategic acquisition is in progress, which is anticipated to add $50 million in annual revenue once completed[171] Share Award Scheme - As of the adoption date of the Share Award Scheme, a total of 21,929,000 shares had been awarded, representing approximately 1.1% of the total number of issued shares of the Company[178] - The Scheme Limit is set at 10% of the total number of issued shares, which equates to 199,200,000 shares, requiring shareholder approval for any increase[172] - The total number of Award Shares granted to a Selected Participant under the Scheme shall not exceed 5% of the total number of issued shares as at the Adoption Date[172] - The Scheme may be altered by a resolution of the Board, but any changes cannot adversely affect the rights of existing Selected Participants without their consent[174] Shareholder Information - As of September 30, 2022, Ms. Lovinia Chiu holds 1,434,240,000 ordinary shares, representing 72% of the issued shares[187] - Ms. Noletta Chiu holds 18,924,000 ordinary shares, representing 0.95% of the issued shares[187] - The substantial shareholder RLA is a beneficial owner of 1,434,240,000 ordinary shares, representing 72%[195] - The company maintains a register of interests as required under the Securities and Futures Ordinance[196]
羚邦集团(02230) - 2022 - 年度财报
2022-07-28 08:33
Financial Performance - Total revenue for the year ended March 31, 2022, was HK$397.9 million, an increase of 18.7% from HK$335.2 million in 2021[15]. - Profit attributable to shareholders increased by 10.0% to HK$42.4 million compared to HK$38.6 million in the previous year[15]. - The Group achieved a revenue increase of 18.6% and a net profit growth of 10.0% for the reporting year[32]. - The total revenue for the year ended March 31, 2022, was HKD 397.9 million, with a year-on-year growth of 10.0%[46]. - Revenue from the Media Content Distribution Business was HK$275.8 million, contributing 69.3% of total revenue, while the Brand Licensing Business generated HK$122.1 million, representing a significant increase of 80.0%[115][116]. - Gross profit margin improved to 49.7% from 49.1% year-on-year[15]. - Gross profit rose by HK$33.2 million or 20.2% to HK$197.6 million, with a gross profit margin of 49.7%[120]. - Selling and distribution expenses increased by approximately 22.1% to HK$54.7 million, driven by higher staff costs and marketing expenses[120]. - Income tax expense rose to HK$2.3 million, with an effective tax rate of 5.1% compared to 3.5% in the previous year[124]. Business Segments - Media Content Distribution Business revenue rose by 3.2% to HK$275.8 million, while Brand Licensing Business revenue surged by 80.0% to HK$122.1 million[15]. - The media content distribution business generated revenue of HKD 275.8 million, representing a year-on-year growth of 3.2%[47]. - The brand licensing business reported revenue of HKD 122.1 million for the year ended March 31, 2022[48]. - The Group acquired 189 licensing brands, a 34% increase from 141 brands in the previous year, significantly boosting revenue in the brand licensing segment[81][83]. - The Group added the pre-school brand Sesame Street, reaching 150 million kids worldwide and having 22.9 million YouTube subscribers[81][83]. Dividends and Shareholder Returns - Proposed final dividend per share increased to HK$0.35 cents from HK$0.20 cents[15]. - A final dividend of HKD 0.35 per share was proposed, bringing the total dividends for the reporting period to HKD 0.85 per share, which is approximately 40% of the Group's profit attributable to shareholders[39]. Market and Growth Opportunities - The Asia-Pacific media and entertainment market is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2026[34]. - The global brand licensing market is projected to grow at a CAGR of 4.1% from 2022 to 2027, with the Asia Pacific region expected to be the fastest-growing segment[34]. - The Group aims for double-digit growth year on year, focusing on expanding content distribution and e-commerce platforms, as well as licensing in digital games and NFTs[105][107]. - The global trendy toy market is projected to grow from US$19.8 billion in 2019 to US$44.8 billion by 2024, presenting significant opportunities for the Group's branded 'trendy toys'[105][107]. Strategic Initiatives - The company aims to expand its Brand Licensing Business further, leveraging the significant growth observed in the past year[15]. - Future strategies include enhancing media content distribution capabilities and exploring new market opportunities[15]. - The Group is expanding its business in the Guangdong-Hong Kong-Macao Greater Bay Area by establishing a new wholly owned subsidiary in Guangzhou[33]. - The Group's long-term strategy focuses on acquiring quality content and brands to enhance performance in the coming years[35]. - The Group plans to collaborate with luxury brands on a regional and global scale, and explore strategic partnerships, alliances, and acquisitions[106][108]. Operational Metrics - As of March 31, 2022, the Group had 600 active media content titles and 189 brands available, reflecting an increase of 67 and 48 respectively from the previous year[35]. - The number of active content titles increased by 12.6% to 600 as of March 31, 2022, compared to 533 in the previous year[63]. - The distribution network has expanded to over 91 platforms across Asia, including Mainland China, with distributed content available in 42 countries and territories[49]. Corporate Governance - The board of directors is committed to maintaining good corporate governance practices and procedures[171]. - The company has complied with the code provisions set out in the CG Code, except for code provision C.2.1[172]. - All directors are subject to retirement by rotation and re-election at the annual general meetings[185]. - Directors have full and timely access to all company information and may seek independent professional advice at the company's expense[195]. Financial Position - Current ratio decreased to 2.4 from 2.7, while cash ratio slightly declined to 0.9 from 1.0[16]. - The company reported no interest-bearing or external borrowings, making the debt to equity ratio not applicable[21]. - Net current assets rose by 5.9% to HK$446.6 million as of 31 March 2022, with current assets at HK$774.7 million, an increase of HK$103.1 million year-on-year[145]. - Cash and bank balances amounted to HK$283.3 million as of March 31, 2022, with a current ratio of 2.4 and a cash ratio of 0.9[152]. Changes in Strategy - The Group plans to scale down the amount originally allocated for licensing rights for Chinese/Asian drama series and live-action films due to the economic impact of COVID-19, reducing focus on sectors heavily affected by the pandemic[157]. - The proposed changes in the use of Unutilised Net Proceeds aim to enhance financial flexibility and align with the current business needs of the Group[162]. - The Group's acquisition strategy has become more cautious, particularly in sectors like aviation, film, and retail, which have been severely impacted by the pandemic[157].
羚邦集团(02230) - 2022 - 中期财报
2021-12-30 08:06
Financial Performance - Revenue for the Media Content Distribution Business reached HK$126,535,000, an increase of 8.1% from HK$117,046,000 in the previous year[19] - Brand Licensing Business revenue surged to HK$58,133,000, marking an 81.9% increase from HK$31,957,000 year-over-year[19] - Total revenue for the company was HK$184,668,000, reflecting a 23.9% growth compared to HK$149,003,000 in the prior year[19] - Gross profit margin improved to 50.7%, up from 48.7% in the previous year[19] - Profit attributable to shareholders increased to HK$28,624,000, a 12.0% rise from HK$25,558,000 year-over-year[19] - Total revenue increased by 23.9% to HK$184.6 million for the six months ended 30 September 2021[33] - Net profit rose by 12% to HK$28.6 million during the same period[33] - Media Content Distribution Business accounted for 69% of total revenue, while Brand Licensing Business contributed 31%[35] Content Acquisition and Distribution - The number of active media content titles increased from 533 to 581, a change of +48 titles[26] - The company continues to acquire high-quality content across various genres to support its content distribution network[44] - New titles acquired include "To Your Eternity" and "My Hero Academia Season 5," with "To Your Eternity" achieving over 130 million views on a major VOD platform in China[44] - The company acquired over 407 active anime series, totaling more than 8,000 episodes, with popular titles including "My Hero Academia" and "The Crocodile that Lived for 100 Days," which garnered over 130 million views on a major video-on-demand platform in China[46] - The company co-invested in the domestic animated series "KIKI & NUNA," which is available on over 55 platforms in China, including CCTV-14[51] - The movie "Drifting," co-invested by the company, received 12 nominations at the Taiwan Golden Horse Film Festival, including "Best Movie" and "Best Director"[54] Brand Licensing and Collaborations - The company expanded its licensing rights to luxury fashion and NFTs, collaborating with Gucci and Crunchyroll to launch special items featuring characters from the original anime series Bananya[57] - The company launched a global NFT digital collectibles experience for "The Little Prince" fans in collaboration with VeVe, allowing fans to buy, sell, and trade collectibles[59] - The brand licensing segment showed strong financial results due to significant growth in Japanese anime licensing, leading to the development of high-quality merchandise distributed across various regions[63] - The company licensed "The Little Prince" brand to NetEase for a special seasonal version of the digital game "Sky: Children of the Light," available in 156 countries[60] - The company successfully licensed Peppa Pig merchandise in Singapore following a 5-star ranking for its e-commerce store in the Philippines[67] Financial Position and Ratios - The cash ratio decreased from 1.0 to 0.7, indicating a reduction in liquidity[21] - The current ratio declined from 2.7 to 2.3, reflecting a tighter liquidity position[21] - The Group's cash and bank balances as of 30 September 2021 were HK$233.7 million, down from HK$246.1 million as of 31 March 2021, with a current ratio of 2.3 times[99] - The Group had no interest-bearing bank and other borrowings as of 30 September 2021, making the gearing ratio and debt to equity ratio not applicable[100] Operational Expenses - The Group's cost of sales increased by HK$14.7 million or 19.2% to HK$91.1 million, in line with revenue growth[85] - Other income and gains decreased by HK$4.6 million or 91.0% to HK$0.5 million, mainly due to the absence of government subsidies and foreign exchange gains[88] - Selling and distribution expenses rose by HK$10.2 million or 62.2% to HK$26.7 million, attributed to increased promotion expenses and staff costs[89] Strategic Goals and Future Plans - The Group aims for double-digit revenue growth and plans to accelerate e-commerce platform development and explore strategic partnerships and acquisitions[79] - The Group will expand licensing to digital games and NFTs, and seek opportunities in the trending toy market projected to grow to US$44.8 billion by 2024[79] - The number of brands available rose to 173 from 141[79] Employee and Governance - The Group had a total of 120 employees as of 30 September 2021, an increase from 113 employees as of 31 March 2021[108][113] - The Company has complied with the CG Code provisions, except for code provision A.2.1 regarding the dual role of the Chairman and Chief Executive Officer[171] - The Company has established written guidelines for employees likely to possess unpublished price-sensitive information[189] Share Award Scheme - The total number of Award Shares that may be granted under the Scheme shall not exceed 5% of the total number of issued Shares as of the Adoption Date[157] - A total of 3,005,000 shares have been awarded since the adoption date of the Share Award Scheme, representing approximately 0.15% of the total number of issued shares of the Company as at the adoption date[165] - The maximum number of new Shares that may be issued for the Scheme will be proposed for approval at a general meeting if the Scheme Limit is increased[164] - The Scheme will terminate at the end of the Award Period or on an earlier date determined by the Board[163]
羚邦集团(02230) - 2021 - 年度财报
2021-07-29 08:41
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羚邦集团(02230) - 2021 - 中期财报
2020-12-30 08:27
Revenue Performance - Revenue for the Media Content Distribution Business decreased by 10.1% to HK$117,046,000 compared to HK$130,265,000 in the previous year[52]. - Brand Licensing Business revenue declined by 7.8% to HK$31,957,000 from HK$34,653,000 year-on-year[53]. - Total revenue for the company fell by 9.7% to HK$149,003,000 from HK$164,918,000 in the prior year[53]. - Revenue from Media Content Distribution Business decreased slightly by 10.1% to HK$117.0 million, contributing 78.6% of total revenue[129]. - Revenue from Brand Licensing Business decreased slightly by 7.8% to HK$32.0 million during the reporting period[135]. Profitability - Gross profit margin improved to 48.7% from 46.5% year-on-year[53]. - Profit attributable to shareholders increased by 7.1% to HK$25,558,000 compared to HK$23,855,000 in the previous year[53]. - The Group's net profit increased by 7.1% to HK$25.6 million during the reporting period despite the global impact of COVID-19[60]. - Profit for the period increased by HK$1.7 million or 7.1% to HK$25.6 million, with a net profit margin increase from 14.5% to 17.2%[144]. - Other income and gains increased by HK$3.0 million or 142.9% to HK$5.1 million, mainly due to government subsidies and foreign exchange gains[132]. Dividends and Shareholder Returns - Interim dividend per share increased to HK$0.28 cents from HK$0.24 cents year-on-year[54]. Business Segments and Growth - The Brand Licensing Business segment results rose by 137.2% from HK$4.3 million to HK$10.2 million due to improved commission rates and lower amortization of contracts[61]. - The Media Content Distribution Business accounted for 78.6% of the Group's total revenue during the reporting period[67]. - The company’s brand licensing business contributed 21.4% of total revenue during the reporting period[90]. - The Group plans to expand its e-commerce platform and content distribution network in Asia[117]. - The Group will continue to invest in its own IPs and collaborate on creative programs to enhance brand commercialization[120]. Content and Distribution - Ani-One® SVOD expanded from 6 to 8 territories, adding Indonesia's sushiroll and Cambodia's JaiKonTV[64]. - As of September 30, 2020, Ani-One® AVOD had 750,195 subscribers and 57,929,879 views, surpassing 1 million subscribers and 81 million views by November 16, 2020[64]. - Twelve new anime series were distributed during the reporting period, including "The Millionaire Detective Balance: UNLIMITED," which accumulated 4.4 million viewerships for its first episode[71]. - The company released 12 new anime series during the reporting period, achieving significant popularity among customers and viewers, with the first episode of "Balance: UNLIMITED" garnering 4,400,000 views by September 30, 2020[74]. - The Group's e-commerce platform Ani-Mall™ was launched, offering products from popular anime series, with the first pre-sell ticket bundle for "Violet Evergarden The Movie" being very popular[106]. Strategic Initiatives - The Group's five-year strategy (2019-2024) is on track with steady growth and expansion despite macroeconomic challenges[60]. - The Group aims to accelerate e-commerce development and explore strategic partnerships, alliances, and acquisitions to adapt to the ongoing pandemic[114]. - The Group's strategic content co-investment aims to solidify its competitive edge and enhance its sustainable business model[89]. Market Presence and Collaborations - The company added two lifestyle brands, Pets Rock and Lychee & Friends, to its portfolio, enhancing its market presence in Mainland China, Hong Kong, Taiwan, and Southeast Asia[90]. - "Double World," a co-produced movie with a budget of RMB 300 million, was distributed globally on Netflix[80]. - The company co-invested in the animated series "KIKI & NUNA," which won the 2020 "Jade Monkey Award" and is set for global distribution in early 2021[81]. - The company distributed the drama series "Count Your Lucky Stars" in Thailand, Vietnam, and the Philippines, and will stream "futmalls.com" globally[77]. - The Group's licensing rights have expanded from traditional items to include games and digital content, indicating a strategic shift in their business model[97]. Operational Efficiency - The Group's liquidity ratios remained stable, with a current ratio of 2.9 and a cash ratio of 1.2 as of September 30, 2020[55]. - The Group did not have any interest-bearing bank and other borrowings, making the debt to equity ratio not applicable[56]. - General and administrative expenses decreased by HK$8.9 million or 29.0% to HK$21.8 million[141]. - The Group's general and administrative expenses decreased by HK$8.9 million (or 29.0%) to HK$21.8 million for the six months ended September 30, 2020, mainly due to a reduction in one-time listing-related expenses and professional fees[148]. Employee and Corporate Governance - The Group had a total of 101 employees as of September 30, 2020, an increase from 99 employees as of March 31, 2020[161]. - The Group's operations were primarily financed by internal resources, including existing cash and anticipated cash flow from operating activities[155]. Awards and Recognition - The Group's Chairman received the "GBA Outstanding Women Entrepreneur Awards 2020," recognizing her contributions to the media industry in the Greater Bay Area[111]. - The Group's strategy focuses on sustainability, connectivity, and profitability amidst the challenges posed by COVID-19, indicating a long-term vision[113].
羚邦集团(02230) - 2020 - 年度财报
2020-07-30 08:43
Financial Performance - Total revenue decreased by 33.7% to HK$315,122,000 from HK$475,522,000 in 2019[29] - Media Content Distribution Business revenue fell by 41.4% to HK$248,635,000, while Brand Licensing Business revenue increased by 30.5% to HK$66,487,000[29] - Gross profit decreased by 36.2% to HK$145,574,000, with a gross profit margin of 46.2% compared to 48.0% in 2019[29] - Profit attributable to shareholders dropped by 65.9% to HK$35,951,000 from HK$105,579,000 in 2019[29] - Proposed final dividend per share is HK$0.21 cents, down from HK$1.3 cents in 2019[29] - The Group's revenue and profit experienced a decline due to the US-China trade war and the COVID-19 outbreak[44] - Adjusted profit attributable to shareholders for the year ended 31 March 2020 was HK$40.5 million, a decrease of HK$84.7 million or 67.7% compared to HK$125.2 million for the year ended 31 March 2019[117] - Profit for the year decreased by HK$69.6 million or 65.9% to HK$36.0 million, with a net profit margin of 11.4%[111] Liquidity and Financial Position - Current ratio improved to 2.9 from 2.0 in 2019, indicating better liquidity[30] - Cash ratio increased to 1.4 from 0.8 in 2019, reflecting stronger cash position[30] - The Group maintained a healthy financial position with sufficient cash on hand, including funds raised from the Listing, to meet current business needs and development[53] - The company's net cash and bank balances as of 31 March 2020 were HK$298.0 million, an increase from HK$163.8 million in 2019[119] - The Group did not have any interest-bearing or external borrowings, making the debt to equity ratio not applicable[4] Business Strategy and Outlook - The company is focusing on expanding its Brand Licensing Business to offset declines in Media Content Distribution[29] - Future outlook includes potential market expansion and new product development strategies[29] - The company plans to enhance operational efficiency and explore strategic partnerships for growth[29] - The Group's long-term strategy focuses on expanding its distribution platform and investing in technology-related applications[43] Media Content Distribution - The Group's Media Content Distribution Business accounted for approximately 79% of total revenue during the Reporting Period[54] - Revenue from Media Content Distribution Business decreased by 41.4% from HK$424.6 million to HK$248.6 million, contributing 78.9% of total revenue[92] - The number of active titles of media contents available increased from 386 to 431 year-over-year[63] - The COVID-19 pandemic led to a 17.4% increase in total users for online streaming platforms during the Chinese New Year holiday, despite a drop in advertising revenue[54] Brand Licensing - Brand licensing business revenue increased by 30.5% from HK$51.0 million to HK$66.5 million, driven by growth in Japanese brands and successful contract renewals[93] - The company expanded its licensing brand portfolio, adding Mr. Bean, Pinkfong, and Baby Shark to its evergreen and pre-school brands[58] - The company was appointed as the master licensee for the local Hong Kong IP, Happiplayground[58] Corporate Governance - The Board of Directors is committed to maintaining good corporate governance practices to safeguard shareholder interests and enhance corporate value[144] - The Company has complied with the corporate governance code provisions since the Listing Date, except for code provision A.2.1[145] - The Board consists of a mix of executive, non-executive, and independent non-executive Directors, ensuring a balance of expertise and independence[150] - Independent non-executive Directors represent at least one-third of the Board, meeting the Listing Rules requirements[150] Risk Management and Internal Control - The Company has established a framework for effective risk management and internal control systems[155] - The Board is responsible for ensuring compliance with legal and regulatory requirements, as well as corporate governance policies[171] Director Training and Development - Directors are required to participate in continuous professional development to stay informed about regulatory changes[156] - Newly appointed Directors receive comprehensive induction training to understand the Company's operations and their responsibilities[157] - The company encourages continuous professional development for directors, including training and internal briefings[161] Future Initiatives - The company plans to expand its Ani-One® YouTube channel, which has grown to over 300,000 subscribers by mid-June 2020, and will develop more content types[82] - A new kids channel, Ani-Kids™, targeting children aged 3 to 8, is set to launch in Q3 2020[82] - The company will launch a new e-commerce platform, Ani-Mall™, targeting anime lovers by the end of 2020[82] - A co-production of a TV drama series based on the Japanese manga "ORENCHI NO FUROJIJO" is planned for release in 2021[86] - The company aims to promote Hong Kong's media content and brands internationally through local co-productions and investments[86]
羚邦集团(02230) - 2020 - 中期财报
2019-12-30 08:12
Revenue Performance - Total revenue decreased by 46.2% to HK$164,918,000 compared to HK$306,799,000 in the same period last year[52] - Media Content Distribution revenue fell by 54.9% to HK$130,265,000 from HK$289,095,000[52] - Brand Licensing Business revenue increased by 95.7% to HK$34,653,000 from HK$17,704,000[52] - Revenue from Media Content Distribution Business accounted for 79.0% of total revenue, generating HK$130.3 million during the reporting period[63] - Revenue from Brand Licensing Business doubled compared to the same period last year, accounting for 21.0% of total revenue[67] - The Group's total revenue for the six months ended September 30, 2019, was approximately HK$164.9 million, a decrease of approximately HK$141.9 million or 46.3% compared to HK$306.8 million for the same period in 2018[80] - Revenue from the Media Content Distribution Business decreased by 54.9% from approximately HK$289.1 million to approximately HK$130.3 million, contributing approximately 79.0% of total revenue, down from 94.2% in the previous year[81] - Revenue from the Brand Licensing Business increased by 96.0% from approximately HK$17.7 million to approximately HK$34.7 million, with MAIL contributing approximately HK$19.6 million[82] Profitability - Profit attributable to owners of the parent decreased by 73.3% to HK$23,855,000 from HK$89,374,000[52] - Profit after tax was HK$28.4 million, excluding non-recurring listing expenses of HK$4.5 million[61] - Profit for the period decreased by approximately HK$65.5 million or 73.3% to approximately HK$23.9 million, with a net profit margin decrease from 29.1% to 14.5%[96] - Basic and diluted earnings per share for the period were HK$0.013, compared to HK$0.060 in the same period of 2018, a decrease of about 78%[172] - Total comprehensive income for the period was HK$23,482,000, down from HK$89,174,000, representing a decline of approximately 74%[175] Expenses and Costs - Gross profit margin slightly decreased to 46.5% from 48.2% year-on-year[52] - The Group's gross profit for the six months ended September 30, 2019, was approximately HK$76.7 million, a decrease of approximately HK$71.1 million or 48.1% compared to HK$147.8 million in the same period last year[84] - The gross profit margin decreased by approximately 1.7 percentage points from 48.2% to 46.5% for the six months ended September 30, 2019[84] - Selling and distribution expenses decreased by approximately HK$8.0 million or 31.5% to approximately HK$17.4 million, primarily due to a decrease in withholding tax expenses[89] - General and administrative expenses increased by approximately HK$13.7 million or 80.6% to approximately HK$30.7 million for the six months ended 30 September 2019, primarily due to increased staff costs and one-off listing expenses[91] Assets and Liabilities - As at 30 September 2019, the Group's current ratio was 2.9, up from 2.0 as at 31 March 2019, with cash and bank balances of HK$386.0 million[98] - Total non-current assets increased to HK$63,433,000 as of September 30, 2019, compared to HK$48,783,000 as of March 31, 2019, reflecting a growth of 30%[178] - Current assets rose to HK$632,573,000 as of September 30, 2019, up from HK$434,343,000 as of March 31, 2019, representing a 46% increase[178] - Net current assets reached HK$414,208,000, significantly higher than HK$220,935,000 recorded on March 31, 2019, indicating an increase of 88%[178] - Total equity attributable to owners of the parent stood at HK$476,327,000 as of September 30, 2019, compared to HK$268,767,000 as of March 31, 2019, marking a growth of 77%[181] - Total current liabilities amounted to HK$218,365,000, slightly up from HK$213,408,000 as of March 31, 2019[178] - Non-current liabilities totaled HK$1,314,000 as of September 30, 2019, compared to HK$951,000 as of March 31, 2019, indicating an increase of 38%[178] Strategic Developments - New Japanese animated title "Dr. STONE" acquired, well-received in Mainland China and available on the "Ani-One" platform[63] - "Ani-One" platform celebrated its 3rd anniversary in Hong Kong and successfully launched in Taiwan, Singapore, Malaysia, Brunei, and Vietnam[64] - Co-invested in several films and drama series, including the animated film "Children of the Sea" and live-action film "STAND BY ME"[66] - Strategic plan includes significant increase in inflight media content distribution with multiple titles launched[65] - Expanded licensing brand portfolios and categories, including appointment as a sub-agent for an international lifestyle brand[68] - The Group plans to expand its proprietary branded distribution platform "Ani-One" to cover additional Southeast Asian markets, including the Philippines, Indonesia, Thailand, and Cambodia[75] - Future strategies include expanding the media content and brand licensing distribution network, acquiring new media content and licensing brands, and co-investing in strategic intellectual property[76] Corporate Governance and Compliance - The company has complied with the corporate governance code provisions since the listing date, except for code provision A.2.1[119] - The company has not purchased, sold, or redeemed any of its listed shares since the listing date up to the date of the report[132] - The company has established written guidelines for securities transactions by employees likely to possess unpublished price-sensitive information[140] - The company has complied with relevant laws and regulations that significantly impact its business and operations[149] Employment and Shareholding - As of September 30, 2019, the Group had a total of 97 employees, an increase from 86 employees as at 31 March 2019[108] - Ms. Lovinia Chiu holds 1,494,000,000 ordinary shares, representing a 75% long position in the company[116] - As of September 30, 2019, RLA is the beneficial owner of 1,494,000,000 ordinary shares, also representing a 75% long position[127] - As of September 30, 2019, no other directors or chief executives had interests or short positions in the shares of the company[128] Financial Performance Summary - The company reported a finance cost of HK$59,000 for the period, compared to no finance cost in the same period of 2018[172] - Other income and gains for the period were HK$2,094,000, a decrease from HK$4,676,000 in the previous year, indicating a decline of about 55%[172] - Cash and cash equivalents increased to HK$386,046,000 as of September 30, 2019, compared to HK$163,754,000 as of March 31, 2019, showing a growth of 135%[178] - Net cash flows from operating activities for the six months ended 30 September 2019 amounted to HK$27,952,000, compared to HK$16,356,000 for the same period in 2018, representing a 71.5% increase[187] - The company reported interest income of HK$1,229,000 for the six months ended 30 September 2019, compared to HK$179,000 in the same period of 2018, reflecting a substantial increase[191]
羚邦集团(02230) - 2019 - 年度财报
2019-07-30 08:48
Financial Performance - Medialink reported a revenue of HKD 1.2 billion for the fiscal year 2019, representing a 15% increase compared to the previous year[51]. - The company achieved a net profit of HKD 200 million, which is a 10% increase year-over-year[51]. - The company reported a revenue of HK$475.5 million for the year ended March 31, 2019, representing a year-on-year increase of 51.5%[60]. - Profit attributable to shareholders increased by 12.4% year-on-year to HK$105.6 million[60]. - Adjusted profit attributable to the owner of the parent was HK$125.2 million, reflecting a 33.4% increase after excluding one-time listing expenses of approximately HK$19.7 million[60]. - Adjusted earnings per share were HK 6.3 cents, up 34.0% from HK 4.7 cents[60]. - For the year ended 31 March 2019, the Group recorded a net profit of HK$105.6 million, representing a growth of 12.5% compared to HK$93.8 million in 2018[89]. - Profit for the year increased by approximately HK$11.8 million or 12.6% from approximately HK$93.8 million for the year ended 31 March 2018 to approximately HK$105.6 million for the year ended 31 March 2019[121]. - The adjusted profit attributable to the owner of the parent for the year ended March 31, 2019, was HK$125.2 million, representing an increase of HK$31.3 million or 33.4% compared to HK$93.9 million for the year ended March 31, 2018[145]. Revenue Sources - Revenue from Media Content Distribution Business grew satisfactorily due to an increase in the number of active titles distributed, with the Group ranking first among Japanese animation distributors in the PRC, accounting for approximately 14.1% of the market[68]. - Revenue derived from Japanese animation distribution accounted for 81.3% of total revenue for the year ended 31 March 2019[80]. - Revenue from Media Content Distribution Business contributed approximately 89.3% of total revenue, increasing by 45.9% from approximately HK$291.1 million to approximately HK$424.6 million[107]. - Revenue from Brand Licensing Business increased by 123.7% from approximately HK$22.8 million to approximately HK$51.0 million, primarily due to contributions from the MAIL acquisition[108]. Market Expansion and Strategy - Medialink plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2022[51]. - The company is investing HKD 50 million in new product development, focusing on digital content delivery technologies[51]. - The management highlighted a strategic shift towards subscription-based revenue models, aiming for 30% of total revenue by 2021[51]. - The Group aims to extend its reach in the PRC, the United States, and Hong Kong, while exploring new markets in Asia[73]. - The Group plans to increase its Japanese animation offerings by obtaining more titles and diversifying media content from licensors in Mainland China, Korea, and other Asian countries[99]. - The Group intends to expand into the distribution of inflight entertainment media content, leveraging existing rights and acquiring new inflight distribution rights[99]. - The Brand Licensing Business is expected to continue expanding, with plans to obtain licensing rights for international lifestyle, fashion, and character brands[102]. Corporate Governance - The Company has complied with the corporate governance code provisions since its listing date on May 21, 2019[153]. - The board of directors includes both executive and independent non-executive directors, ensuring compliance with the listing rules[161]. - The management is committed to maintaining good corporate governance practices to safeguard shareholder interests and enhance corporate value[152]. - The Company has not held any general meetings since its listing and will hold its first annual general meeting on September 19, 2019[182]. - The Audit Committee was established on April 12, 2019, and held 2 meetings on May 31 and June 27, 2019, for audit planning and internal control matters[190]. - The Board is responsible for reviewing the Company's corporate governance policies and practices, including compliance with legal and regulatory requirements[185]. - The Company ensures that all Directors have access to independent professional advice at the Company's expense when necessary[169]. Financial Health - The liquidity ratio, as indicated by the current ratio, improved to 2.0 from 1.8[60]. - Free cash flow per share increased to HK 6.2 cents, a rise of 34.8% from HK 4.6 cents[60]. - As of 31 March 2019, the group had cash and bank balances of HK$163.8 million, with no interest-bearing or external borrowings[130]. - The company did not have any interest-bearing or external borrowings, making the debt to equity ratio not applicable[60]. Operational Efficiency - Medialink's gross margin improved to 40%, up from 35% in the previous year, due to operational efficiencies[51]. - Gross profit was HK$228.2 million, with a stable gross profit margin of approximately 48.0%[60]. - Gross profit for the year was approximately HK$228.2 million, an increase of approximately HK$71.2 million or 45.4%, while gross profit margin decreased by approximately 2.0 percentage points to approximately 48.0%[110]. Challenges and Expenses - Cost of sales increased by approximately HK$90.4 million or 57.6% to approximately HK$247.3 million, in line with revenue growth[109]. - General and administrative expenses increased by approximately HK$37.7 million or 151.4% to approximately HK$62.6 million for the year ended 31 March 2019, primarily due to legal and professional fees and increased staff costs[117]. - Other income and gains decreased by approximately HK$12.0 million or 68.6% to approximately HK$5.5 million, mainly due to reduced management fee income and foreign exchange losses[115].