香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 STAR CM Holdings Limited 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698） (1)截至2024年12月31日止年度的 年度業績公告； 及 (2)提名委員會組成變動 董事會謹此宣佈本公司、其附屬公司及綜合聯屬實體（統稱「本集團」）截至2024 年12月31日止年度（「報告期」）的經審核綜合業績連同截至2023年12月31日止 年度的比較數字。該等年度業績已由董事會審核委員會連同管理層審閱。 截至12月31日止年度 | | 2024年 | 2023年 | 變動 | | --- | --- | --- | --- | | | （人民幣百萬元，百分比除外） | | | | 收入 | 163.1 | 426.6 | (61.8)% | | 毛利╱（虧） | 40.0 | (59.4) | 不適用 | | 除稅前虧損 | (231.1) | (1,601.4) ...

IP Creation and Management - The company aims to strengthen its IP creation and operation capabilities, focusing on variety shows, music, films, and series[8]. - The company is committed to attracting top talent in IP production, operation, and management through competitive compensation and training programs[8]. - The company is actively seeking quality acquisition targets that complement its business strategy to accelerate expansion[8]. - The company believes the overall prospects of the Chinese entertainment IP industry remain promising[8]. - The company completed the broadcast of the variety show "Asian Super Star Group" in the first half of 2024[5]. - The music library consists of 9,559 IPs, including 3,765 live music recordings and 3,602 songs produced for signed artists[6]. - The company owns a large film library comprising 757 Chinese film IPs and a series produced by the company, enhancing its film licensing and production capabilities[6]. - The company has a total of 86 signed artists, indicating a robust talent management strategy[7]. Financial Performance - For the six months ended June 30, 2024, the company recorded revenue of RMB 71.1 million, a decrease of 50.7% from RMB 144.1 million for the same period in 2023[10]. - The net loss for the six months ended June 30, 2024, was RMB 56.0 million, compared to a net loss of RMB 17.2 million for the same period in 2023, indicating a significant increase in losses[10]. - Revenue from variety show IP production, operation, and licensing accounted for approximately 35.9% of total revenue in 2024, down from 52.3% in 2023[11]. - Revenue from variety show IP production, operation, and licensing decreased by 66.2% to RMB 25.5 million in 2024 from RMB 75.4 million in 2023[14]. - Revenue from music IP operation and licensing fell by 60.4% to RMB 7.6 million in 2024 from RMB 19.2 million in 2023, primarily due to one-time income from re-licensing old music libraries in the previous year[15]. - Revenue from film and TV series IP operation and licensing decreased by 29.6% to approximately RMB 16.4 million in 2024 from approximately RMB 23.3 million in 2023[16]. - Revenue from other IP-related businesses decreased by 17.6% to approximately RMB 21.6 million in 2024 from approximately RMB 26.2 million in 2023[17]. - The company's gross profit for the six months ended June 30, 2024, was RMB 6.6 million, a decrease of 86.1% from RMB 47.4 million in 2023[22]. - The gross profit margin for the company was 9.3% in 2024, down from 32.9% in 2023[22]. - The company reported a total comprehensive loss of RMB 54,220,000 for the six months ended June 30, 2024[86]. Operational Challenges - The financial performance of the company's variety show IP production and operation may experience fluctuations due to various factors[6]. - The group recorded a gross loss of RMB 10.4 million in the production, operation, and licensing of variety show IP for the six months ended June 30, 2024, compared to a gross profit of RMB 16.1 million for the same period in 2023, resulting in a gross loss margin of 40.8%[23]. - Gross profit from film and television IP operations and licensing decreased by 40.4% from RMB 17.1 million for the six months ended June 30, 2023, to RMB 10.2 million for the same period in 2024, with a gross profit margin dropping from 73.4% to 62.2%[24]. - Gross profit from other IP-related businesses fell by 75.2% from RMB 11.7 million for the six months ended June 30, 2023, to RMB 2.9 million for the same period in 2024, with a gross profit margin decreasing from 44.7% to 13.4%[25]. - Net loss for the six months ended June 30, 2024, was RMB 56.0 million, compared to a net loss of RMB 17.2 million for the same period in 2023, primarily due to a decrease in the number of variety shows produced[30]. Cash Flow and Financial Position - Cash and cash equivalents increased to RMB 446.5 million as of June 30, 2024, from RMB 353.9 million as of December 31, 2023, reflecting a net increase of RMB 88.0 million[41]. - The company reported a pre-tax loss of RMB 55.3 million for the six months ended June 30, 2024, compared to a loss of RMB 1,601.4 million for the year ended December 31, 2023[43]. - The debt-to-equity ratio as of June 30, 2024, was 0.3%, a slight improvement from 0.4% as of December 31, 2023[44]. - The company reported a significant increase in financial asset impairment losses, amounting to RMB 4,206 thousand, compared to a gain of RMB 3,065 thousand in the previous year[82]. - Cash flow from operating activities showed a net outflow of RMB 28,319,000 for the first half of 2024, a decline from a net inflow of RMB 80,757,000 in the prior year[89]. - The company incurred financing costs of RMB 221,000 in the first half of 2024, down from RMB 345,000 in the same period of 2023, indicating improved cost management[89]. Shareholder Information - As of June 30, 2024, the company's total issued shares amount to 398,538,168[56]. - Mr. Tian Ming, Mr. Jin Lei, and Mr. Xu Xiangdong collectively hold 71.77% of the company's shares, with each owning 286,038,677 shares[55]. - The ultimate controlling shareholders of the company include Huaren Culture, Mr. Tian Ming, Mr. Jin Lei, and Mr. Xu Xiangdong[56]. - The company has established a joint control agreement among major shareholders to exercise control collectively[63]. - The share incentive plan allows for a maximum of 39,853,816 shares to be awarded, which is 10% of the total issued shares[68]. - The major shareholders include Tian Ming, Jin Lei, and Xu Xiangdong, each holding significant control over the company[63]. - The company aims to attract and retain talent through the share incentive plan to maximize its value[66]. Corporate Governance - The board believes that high standards of corporate governance are essential for protecting shareholder interests and enhancing corporate value[73]. - The company is committed to adhering to the corporate governance code as per the listing rules[141]. - The company’s financial reporting follows the International Financial Reporting Standards[141]. - The board has established an audit committee to oversee financial reporting and internal controls, consisting of three independent non-executive directors[80].

Financial Performance - Revenue for the six months ended June 30, 2024, was RMB 71.1 million, a decrease of 50.7% compared to RMB 144.1 million for the same period in 2023[2] - Gross profit for the same period was RMB 6.6 million, down 86.1% from RMB 47.4 million in 2023[2] - Loss before tax increased to RMB 55.3 million, representing a 177.9% increase from a loss of RMB 19.9 million in the previous year[2] - Net loss for the period was RMB 56.0 million, a significant increase of 225.6% compared to RMB 17.2 million in 2023[2] - Total customer contract revenue for the six months ended June 30, 2024, was RMB 71,113 thousand, a decrease of 50.7% compared to RMB 144,067 thousand for the same period in 2023[17] - Revenue from mainland China was RMB 54,674 thousand, down 54.7% from RMB 120,766 thousand in the previous year[16] - Revenue recognized at a point in time was RMB 41,805 thousand, while revenue recognized over time was RMB 29,308 thousand for the six months ended June 30, 2024[18] - Revenue from variety show IP production, operation, and licensing was RMB 25.5 million, down 66.2% from RMB 75.4 million in the previous year, primarily due to a decrease in the number of variety shows[46][48] - Revenue from music IP operation and licensing decreased by 60.4% to RMB 7.6 million from RMB 19.2 million, mainly due to one-time income from re-licensing the old music library in the previous year[49] - Revenue from film and series IP operation and licensing fell by 29.6% to approximately RMB 16.4 million from approximately RMB 23.3 million, primarily due to a decline in income from overseas markets[50] - Revenue from other IP-related businesses decreased by 17.6% from approximately RMB 26.2 million for the six months ended June 30, 2023, to approximately RMB 21.6 million for the six months ended June 30, 2024, primarily due to a slight decrease in the number of commercial performances by contracted artists[51] Assets and Liabilities - Total current assets as of June 30, 2024, amounted to RMB 1,229.6 million, a decrease from RMB 1,323.8 million at the end of 2023[6] - Total current liabilities decreased to RMB 253.0 million from RMB 324.4 million at the end of 2023[6] - Non-current assets totaled RMB 1,855.9 million as of June 30, 2024, down from RMB 1,892.1 million at the end of 2023[7] - Total equity attributable to owners of the parent was RMB 2,825.9 million, a decrease from RMB 2,880.2 million at the end of 2023[9] - Trade receivables decreased to RMB 175,653 thousand as of June 30, 2024, from RMB 220,792 thousand as of December 31, 2023, reflecting a reduction of approximately 20.4%[25] - Trade payables decreased to RMB 138,572 thousand as of June 30, 2024, from RMB 177,366 thousand as of December 31, 2023, indicating a decline of approximately 21.9%[27] - The company has capital commitments of RMB 762,149 thousand as of June 30, 2024, slightly down from RMB 767,286 thousand as of December 31, 2023[32] - The company's cash and cash equivalents increased to RMB 446.5 million as of June 30, 2024, from RMB 353.9 million as of December 31, 2023[79] - The company's lease liabilities decreased by RMB 2.8 million or 23.3% to RMB 9.2 million as of June 30, 2024, compared to RMB 12.0 million as of December 31, 2023[78] - The asset-liability ratio was 0.3% as of June 30, 2024, compared to 0.4% as of December 31, 2023[80] Operational Highlights - The company continues to focus on the production, operation, and licensing of entertainment IP, with plans for future market expansion and new product development[10] - The company completed the broadcast of the variety show "Asian Superstars" in the first half of 2024 and is exploring strategic cooperation opportunities with other platforms[37] - The company plans to participate in multiple variety show productions and post-production services on platforms such as Youku and Tencent in the second half of 2024[37] - The company aims to pursue strategic acquisitions to further expand its business and integrate quality industry resources along the entertainment value chain[42] - The company is exploring the integration of short videos with e-commerce and is focusing on the application of AI-generated content (AIGC) technology to improve user experience and reduce costs[43] Governance and Compliance - The company has adopted corporate governance principles and has established an audit committee to oversee financial reporting and internal controls[91] - The company has complied with the corporate governance code during the reporting period, maintaining high standards of governance[89] - The board of directors includes both executive and independent non-executive members[97] Legal Matters - The company is involved in ongoing litigation with Hummingbird Music Limited, claiming a service fee of RMB 16.3 million and legal fees of RMB 200,000, with a favorable ruling received in June 2023[84] - The company is also in litigation with Korean Broadcasting System (MBC), with MBC claiming approximately RMB 124.4 million for breach of contract, while the company counterclaimed for the return of a USD 1.6 million advance payment and a penalty of USD 480,000[85] - The court ruled in November 2022 that MBC is entitled to RMB 11.9 million, which is less than one-tenth of MBC's claim, and both parties have appealed the decision[85] - The company has a pending lawsuit involving Mr. Xiong Yuanteng and Mr. Xie Hongbo, who are seeking RMB 15.66 million in damages from the company[87] Dividends and Shareholder Information - The group did not declare any interim dividends for the six months ended June 30, 2024, consistent with the previous year[23] - The board does not recommend the payment of an interim dividend for the six months ending June 30, 2024[94] - The company has not purchased, sold, or redeemed any of its listed securities during the six months ending June 30, 2024[92] Miscellaneous - The company was listed on the Hong Kong Stock Exchange on December 29, 2022[96] - The company is registered in the Cayman Islands as of March 29, 2021[96] - The company operates under the International Financial Reporting Standards[96] - No significant events that could impact the company have occurred since the end of the reporting period[88]

Impact of Program Suspension - The suspension of the "2023 China's Voice" program in August 2023 led to significant negative public sentiment and impacted the company's operations[1] - The suspension adversely affected the advertising plans and platform cooperation negotiations for other variety shows produced by Canxing Culture[2] - Management conservatively revised down the future profit forecasts for Mengxiang Qiangyin CGU due to uncertainties surrounding the program's future[3] - The company was unable to provide reliable audit evidence due to the unprecedented nature of the suspension and its impact on Mengxiang Qiangyin's regular business[5] Legal Actions and Public Sentiment - The company initiated legal actions against false information spreaders, with hundreds of pieces of evidence collected and dozens of lawsuits filed[1] Financial Forecasts and Assumptions - Dream Chaser CGU's recoverable amount is calculated using a discounted cash flow (DCF) model over a five-year forecast period ending December 31, 2028, with key parameters including pre-tax cash flows, discount rate, perpetual growth rate, and initial working capital[6] - Dream Chaser's music IP operation and licensing business unit revenue forecast excludes income from "The Voice of China 2023" and related programs due to their suspension and uncertain future impact[7] - Dream Chaser's artist management business unit revenue forecast is based on historical earnings, adjusted for contract durations, market developments, and actual quotations[7] - Dream Chaser's concert organization and production business unit revenue forecast assumes no income from irregular concerts and no future production of music variety shows[7] - Dream Chaser CGU's forecast gross margin for DCF calculation ranges from 36.78% to 37.85%, based on prior year's achieved margins and adjusted for expected market developments[8] - The pre-tax discount rate used in the DCF model is 13.13%, determined based on industry averages and business unit operational risks as of December 31, 2023[9] - The perpetual growth rate for music IP operation and licensing business is consistent with the long-term growth rate as of December 31, 2023, with no expected growth or decline during the DCF period[10] Audit Concerns and Evidence - Auditors expressed concerns over the reasonableness of management's assumptions and requested reliable audit evidence to support the forecasts[4] - The resolution of the audit opinion depends on the company's progress in providing necessary audit evidence to support the impairment test assumptions used as of December 31, 2023[11] Strategic Initiatives and Collaboration - The company is actively exploring opportunities with major broadcasting platforms and advertising clients to develop feasible plans for producing and broadcasting music variety shows[11] - The company believes there is no fundamental disagreement with auditors regarding the application of accounting principles to the suspension and its subsequent impacts[11]

Financial Performance - Revenue for 2023 was RMB 426.6 million, with a gross loss of RMB 59.4 million[6] - Net loss for 2023 was RMB 1,634.2 million, compared to a net profit of RMB 84.6 million in 2022[6] - Adjusted net loss for 2023 was RMB 1,634.2 million, compared to an adjusted net profit of RMB 120.8 million in 2022[6] - The company recorded revenue of RMB 426.6 million, gross loss of RMB 59.4 million, and net loss of RMB 1,634.2 million for the year ended December 31, 2023[18] - Net loss of RMB 1,634.2 million in 2023, compared to a net profit of RMB 84.6 million in 2022, with adjusted net loss (non-IFRS) also at RMB 1,634.2 million[45] Impairment and Losses - Goodwill impairment of approximately RMB 1,191.6 million was recorded due to expected significant declines in music copyright licensing, offline events, and other businesses[6] - Goodwill impairment loss of RMB 1,191.6 million was recorded in 2023 due to expected significant declines in music copyright licensing, offline activities, and other businesses[39] - Financial asset impairment loss recorded RMB 167.7 million in 2023, a significant increase from RMB 24.6 million in 2022 due to heightened credit risk of certain customers[40] - Fair value changes of financial assets at fair value through profit or loss resulted in a loss of RMB 12.1 million in 2023, compared to a gain of RMB 3.9 million in 2022, driven by stock price fluctuations of invested listed companies[41] - The company recognized a goodwill impairment loss of RMB 1,191.6 million for the Dream Voice unit due to unprecedented impacts from a program suspension[69] IP and Content Production - The company successfully produced and broadcasted five variety shows in 2023, including "The Voice of China 2023," which was suspended after four episodes[11] - The company has a film library of over 700 movies, which have been distributed globally[8] - The company's music library contains 9,361 IPs, including 3,765 live music recordings, 3,495 songs for signed artists, and 2,101 licensed and purchased lyrics and music works as of December 31, 2023[13] - The company owns and operates a large film library consisting of 757 Chinese film IPs and a drama series "Reading Class" as of December 31, 2023[14] - The company has a total of 107 signed artists as of December 31, 2023[15] - Revenue from variety show IP production, operation, and licensing accounted for 37.8% of total revenue in 2023, down from 80.4% in 2022[19] - Revenue from variety show IP production, operation, and licensing decreased by 77.0% from RMB 702.4 million in 2022 to RMB 161.4 million in 2023[22] - Music IP operation and licensing revenue decreased by 51.9% from RMB 63.6 million in 2022 to RMB 30.6 million in 2023[23] - Film and TV series IP operation and licensing revenue increased by 158.4% from RMB 58.7 million in 2022 to RMB 151.7 million in 2023[24] - Other IP-related business revenue increased by 70.2% from RMB 48.7 million in 2022 to RMB 82.9 million in 2023[25] - Gross loss for variety show IP production, operation, and licensing was RMB 113.7 million with a gross loss rate of 70.4% in 2023[32] - Gross profit for music IP operation and licensing decreased by 96.8% from RMB 47.2 million in 2022 to RMB 1.5 million in 2023[33] - Gross profit for film and TV series IP operation and licensing decreased by 8.9% from RMB 48.4 million in 2022 to RMB 44.1 million in 2023[34] - Gross profit for other IP-related business decreased by 58.8% from RMB 21.1 million in 2022 to RMB 8.7 million in 2023[35] Strategic Initiatives and Future Plans - The company is actively exploring the integration of short videos with e-commerce, content industry, and social media[8] - The company is highly focused on the deep application of AIGC technology in the entertainment field to reduce costs and improve user experience[8] - The company plans to strengthen IP creation and operation capabilities, expand audience reach and brand influence, and pursue strategic acquisitions for business expansion[16] - The company is actively exploring the integration of short video with e-commerce, content industry, and social media, and focusing on the application of AIGC technology in the entertainment field[17] - The company plans to address the qualified opinion by closely collaborating with major broadcasting platforms and advertising clients to produce music variety shows in the next fiscal year[72] - The company will continue to assess the impact of the suspension of broadcasts and related public opinion events on its existing business[72] Legal and Regulatory Matters - The company is involved in an ongoing lawsuit with Hummingbird Music Limited, with a claim of RMB 16.3 million in service fees and RMB 200,000 in legal fees[96] - The company was involved in a lawsuit with MBC, with MBC initially claiming RMB 124.4 million, but the court awarded MBC RMB 11.9 million, less than 10% of the claimed amount[97] - The company paid a quarterly program licensing fee of $2.8 million to MBC for the production of "The Masked Singer" seasons 2 to 4[97] - The company received a refund of $2.6 million from MBC, which was used as a down payment for a new variety show "Outdoor Reality Show"[97] - The company filed a counterclaim against MBC, seeking a refund of $1.6 million and $480,000 in违约金[97] - The company complies with all relevant laws and regulations and has no significant violations during the reporting period[95] Corporate Governance and Board Structure - The board consists of five executive directors, one non-executive director, and three independent non-executive directors[129] - Tian Ming, aged 54, serves as the Chairman, Executive Director, and CEO, responsible for overall corporate and business strategy[129] - Jin Lei, aged 48, is an Executive Director focusing on content production and development[129] - Xu Xiangdong, aged 60, is an Executive Director overseeing offline business development and team management[130] - Lu Wei, aged 47, is an Executive Director supervising original content R&D and overseas and online business development[131] - Wang Yan, aged 50, is an Executive Director, Joint Company Secretary, and CFO, managing financial operations, risk management, and investor relations[131] - Li Weicai, aged 49, is a Non-Executive Director providing strategic advice on business development[132] - Li Liangrong, aged 78, is an Independent Non-Executive Director offering independent opinions and judgments[133] - Chen Rehao, aged 55, is an Independent Non-Executive Director with expertise in accounting and financial management[134] - Sheng Wenhao, aged 56, is an Independent Non-Executive Director with experience in the dairy import business[134] - The company's ultimate controlling shareholders are Huaren Culture, Mr. Tian Ming, Mr. Jin Lei, and Mr. Xu Xiangdong, collectively holding 79.34% of the company's shares[138][139] - Unionstars holds 59.33% of the company's shares, with an additional 20.01% held jointly with other parties[142] - Harvest Sky holds 20.01% of the company's shares, with an additional 59.33% held jointly with other parties through controlled entities[142] - Mr. Tian Ming holds 100% equity in Shaanxi Xingkong Shuolan Real Estate Co., Ltd. and Shaanxi Xingkong Yuanlv Real Estate Co., Ltd.[140] - Mr. Tian Ming, Mr. Jin Lei, and Mr. Xu Xiangdong each hold a 73.71% equity in Canxing Culture through controlled entities and joint holdings[140] - Tian Ming owns 79.34% of the company's shares through controlled corporate interests and jointly held interests with others[144] - East Brothers, Goldenbroad, Beamingstars, and Harvest Sky collectively hold 79.34% of the company's shares[144] - Tibet Yuanhe Enterprise Management Co., Ltd. holds 5.48% of the company's shares[144] - Unionstars' shares are distributed among East Brothers (7.53%), Goldenbroad (17.64%), Beamingstars (34.18%), and Harvest Sky (40.65%)[145] - East Brothers is owned by Tian Ming (81.76%), Jin Lei (6.22%), and Xu Xiangdong (12.02%)[145] - Goldenbroad is wholly owned by Jin Lei[145] - Beamingstars is owned by Shanghai Zhihua (51.99%) and Harvest Sky (48.01%)[145] - Harvest Sky is wholly owned by Tian Ming[145] - Shanghai Zhihua is wholly owned by Huaren Culture Shanghai[145] - Huaren Culture Tianjin is a general partner of Huaren Culture Shanghai[145] Risk Management and Internal Controls - The company has established an internal audit function to review the effectiveness of risk management and internal control systems annually[174] - The company plans to implement more sensitive and effective risk and emergency management mechanisms to strengthen existing systems[174] - Detailed risk management policies have been developed to address major operational risks, including internal control failures, human errors, and IT system failures[175] - The company’s legal department is responsible for reviewing and approving contracts, monitoring regulatory updates, and ensuring compliance with licensing requirements[176] - Internal control measures are in place to manage legal risks, including contract management and artist participation in variety show productions[177] - A credit risk management policy has been implemented to monitor receivables and working capital, minimizing potential credit risks[178] - The company has adopted financial accounting management policies and procedures to ensure compliance with listing rules[178] - An internal audit team conducts annual reviews of financial reporting procedures and proposes risk response measures when necessary[178] - The company has established intellectual property risk management procedures to protect its IP and avoid infringement liabilities[179] - The legal team assists business units in timely trademark, copyright, and patent registrations to ensure IP protection under relevant laws[179] - The company has implemented various internal procedures and controls to ensure data protection and prevent data breaches and losses[180] - The company has established an anti-bribery and anti-corruption policy, providing regular training to employees and maintaining anonymous reporting channels[181] - Internal control measures have been implemented to reduce environmental impact and carbon emissions, with ongoing improvements in risk management and internal control systems[182] - An emergency management and public opinion management team has been established to address online rumors and protect the company's legal rights[183] - The audit committee ensures the effectiveness of the company's risk management and internal control systems, conducting annual reviews and reporting to shareholders[184] Shareholder Communication and Engagement - The company emphasizes effective communication with shareholders through annual general meetings and other shareholder meetings[194] - The company has established a shareholder communication policy to ensure equal and timely access to information[195] - Shareholders can request public information at any time and are provided with designated contacts for inquiries[195] - Company communications are available in both Chinese and English, with options for printed or electronic delivery[196] - The company’s website features an "Investor Relations" section with regularly updated information[197] - All materials related to annual general meetings and performance announcements are published on the company’s website[197] - Shareholders are encouraged to participate in shareholder meetings, with arrangements made for annual general meetings[198] - The company’s dividend policy does not have a predetermined payout ratio, with dividends recommended based on financial conditions and economic environment[200]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 STAR CM Holdings Limited 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698) (1)截至2023年12月31日止年度的 年度業績公告； (2)董事退任及重選； 及 (3)建議委任執行董事 | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------|-------------------|--------------------------| | | | | | | 董事會謹 ...

星空 華 文 控 股 有 限 公 司 . STAR CM Holdings Limited ゜（於開曼群島註冊成立的有限公司） 股份代號 : 6698 。 . � . 11:11:11 . 。 : ● . . ● ● . . . . . . 0.00 . ● . :2023, 中期報告 . and and the sub- . . and and the subject of . ● . . . ... and and o : ● ● . . . . 目錄 | --- | --- | |--------------------------|-------| | | | | 公司資料 | 2 | | 管理層討論與分析 | 4 | | 其他資料 | 21 | | 中期簡明綜合損益表 | 30 | | 中期簡明綜合全面收益表 | 31 | | 中期簡明綜合財務狀況表 | 32 | | 中期簡明綜合權益變動表 | 34 | | 中期簡明綜合現金流量表 | 36 | | 中期簡明綜合財務資料附註 | 38 | | 釋義 | 61 | 公司資料 | --- | --- | |----------------------- ...

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。 STAR CM Holdings Limited 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698） 截至2023年6月30日止六個月的 中期業績公告 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------|------------------|-----------------------|----------------------------| | | | | | | 董事會宣佈本公司、其附屬公司及綜合聯屬實體（統稱「 月 30 日止六個月的未經審核綜合業績連同截至 數字。該 ...

Financial Performance - For the fiscal year ending December 31, 2022, the company reported total revenue of RMB 873.4 million, a decrease of 22.5% compared to RMB 1,126.7 million for the fiscal year ending December 31, 2021[10]. - The company achieved a net profit of RMB 84.6 million for the fiscal year ending December 31, 2022, a significant improvement from a net loss of RMB 351.7 million in the previous year[10]. - The turnaround from net loss to net profit was primarily due to the absence of goodwill impairment losses in 2022, which amounted to RMB 380.7 million in 2021, and a reduction in overall administrative expenses[10]. - The company's revenue for the year ended December 31, 2022, was RMB 873.4 million, a decrease of 22.4% from RMB 1,126.7 million in 2021[29]. - The net profit for 2022 was RMB 84.6 million, a significant turnaround from a net loss of RMB 351.7 million in 2021, primarily due to the absence of goodwill impairment losses in 2022[29]. - Adjusted net profit (non-IFRS measure) for 2022 was RMB 120.8 million, compared to an adjusted net loss of RMB 304.3 million in 2021, reflecting overall reduced administrative expenses[61]. - The gross profit increased by 2.5% from RMB 274.3 million in 2021 to RMB 281.1 million in 2022, with an overall gross margin improvement from 24.3% to 32.2%[43]. - Other income and gains decreased by 31.1% from RMB 39.9 million in 2021 to RMB 27.5 million in 2022, primarily due to a reduction in government subsidies[50]. - Administrative expenses decreased by 18.9% from RMB 180.9 million in 2021 to RMB 146.7 million in 2022, attributed to lower employee salaries and benefits, reduced R&D expenses, and decreased professional service costs[52]. Revenue Breakdown - Revenue from variety show IP production, operation, and licensing accounted for 80.4% of total revenue in 2022, down from 78.1% in 2021[30]. - Revenue from variety show IP production, operation, and licensing decreased by 20.1% to RMB 702.4 million in 2022 from RMB 879.5 million in 2021[31]. - Revenue from music IP operation and licensing fell by 46.2% to RMB 63.6 million in 2022 from RMB 118.3 million in 2021[32]. - Revenue from film and TV series IP operation and licensing decreased by 32.1% to RMB 58.7 million in 2022 from RMB 86.4 million in 2021[35]. - Revenue from other IP-related businesses increased by 14.6% to RMB 48.7 million in 2022 from RMB 42.5 million in 2021[36]. Business Strategy and Outlook - The company plans to launch several new variety shows in 2023, including "Amazing! Dance Society" and "The Voice of China," to enrich and expand its variety IP[11]. - The company believes that the overall outlook for the entertainment IP industry remains promising, driven by increasing demand for high-quality entertainment products and innovative collaboration models between content media platforms and IP producers[13]. - The company will continue to monitor the overall economic outlook in China and globally, taking appropriate measures to address any potential negative impacts on its business and financial performance[13]. - The company emphasizes its strong IP creation capabilities and diversified distribution channels as key factors for maintaining its leading position in a competitive market[11]. - The company aims to enhance its IP creation and operation capabilities and expand its audience reach through increased partnerships with media platforms[27]. - The company aims to pursue strategic acquisitions to further expand its business and integrate quality industry resources[27]. Awards and Recognition - The company received multiple awards in 2022, including recognition for shows like "Street Dance of China 2022" and "The Voice of China 2022"[19]. Market Challenges - The company relies on its major variety shows, and any decline in their popularity could significantly impact business performance[136]. - The company may face challenges in adapting to changes in the Chinese entertainment content market, affecting its ability to meet evolving demands[136]. Corporate Governance and Compliance - The company has not reported any serious violations of applicable laws and regulations during the reporting period[151]. - The company is committed to environmental protection and has adhered to all relevant laws and regulations regarding environmental protection[149]. - The company has not experienced any significant disputes with customers or suppliers during the reporting period[129]. Financial Position and Assets - The company's property, plant, and equipment increased by RMB 118.0 million or 216.9% to RMB 172.4 million, primarily due to investments in the "Songjiang Starry Sky Cultural and Film Production Base"[69]. - Goodwill increased by RMB 23.0 million or 1.6% to RMB 1,488.3 million, mainly due to foreign exchange fluctuations[70]. - Investments in associates rose by RMB 195.7 million or 46.4% to RMB 617.9 million, including a total investment of RMB 444.7 million in Shanghai Binqiao[72]. - Cash and cash equivalents at year-end increased to RMB 587.6 million from RMB 547.2 million, reflecting a net increase of RMB 34.7 million[86]. - As of December 31, 2022, the company's debt-to-asset ratio was 0.3%, up from 0.1% in 2021[90]. Shareholder and Financing Information - The company did not conduct any significant acquisitions or disposals during 2022[91]. - The board decided not to declare a final dividend for the year ended December 31, 2022[121]. - The company has no bank loans or other borrowings as of December 31, 2022[124]. - The company maintained a public float of at least 20.58% as per the exemption granted by the stock exchange[106]. Contractual Arrangements - The company operates various businesses in China, including media production and streaming, under contractual arrangements due to foreign investment restrictions[178]. - The exclusive consulting and service agreement allows the company to provide media and program production services, with service fees based on the net profit after deducting cumulative losses[186]. - The exclusive purchase rights agreement grants the company the right to acquire shares or assets of its consolidated affiliated entities at a minimum price of RMB 1, subject to applicable laws[187]. - The company has established contractual arrangements to maintain effective control over its businesses while complying with Chinese laws and regulations[179]. - The company has reported that the majority of its total revenue and certain net assets are derived from consolidated entities bound by contractual arrangements[199].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 STAR CM Holdings Limited 星空華文控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6698) 截至2022年12月31日止年度的 年度業績公告 | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------|-------------------------|--------------------------------| | | | | | | 董事會欣然宣佈本公司、其附屬公司及綜合聯屬實體（統稱「 年 1 ...