Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

Group 1: Company Overview - China San San Media Group Limited is a major channel media operator in China's transportation network, particularly in high-speed rail media [3] - The company has established strong brand recognition and long-term partnerships with various advertising clients, which supports its future expansion [3] - Key business segments include print media, such as the magazine "Travel Companion" and various publications distributed on high-speed trains, as well as outdoor media with exclusive advertising rights at airports and selected train stations [3] Group 2: Financial Performance - As of December 31, 2024, the company achieved total revenue of 35.446 million yuan, a year-on-year increase of 2.42% [1] - The net profit attributable to the parent company was -23.085 million yuan, reflecting a year-on-year improvement of 58.54% [1] - The gross profit margin stood at 66.3%, while the debt-to-asset ratio was 91.6% [1] Group 3: Market Performance - As of July 3, the stock price of China San San Media closed at 1.71 HKD per share, marking a 32.56% increase with a trading volume of 1.2939 million shares [1] - Over the past month, the stock has seen a cumulative increase of 63.29%, and a year-to-date increase of 316.13%, outperforming the Hang Seng Index by 20.75% [1] - The current price-to-earnings ratio for China San San Media is -5.59, ranking 122nd in its industry, while the average TTM P/E ratio for other financial sectors is 8.23 [2]

Group 1 - The core viewpoint of the article highlights the significant stock performance of China San San Media, with a year-to-date increase of 138.71%, outperforming the Hang Seng Index by 20.45% [1] - As of June 11, the Hang Seng Index rose by 0.84% to close at 24,366.94 points, while China San San Media's stock price increased by 56.76% to HKD 1.16 per share, with a trading volume of 276,200 shares and a turnover of HKD 28.93 million [1] - Financial data shows that for the year ending December 31, 2024, China San San Media achieved total revenue of HKD 35.446 million, a year-on-year increase of 2.42%, while the net profit attributable to the parent company was a loss of HKD 23.085 million, but this represented a year-on-year improvement of 58.54% [1] Group 2 - China San San Media is a major media operator for China's transportation networks, particularly high-speed rail, and has established strong brand recognition and long-term partnerships with various advertisers [2] - The company's main business includes print media, operating magazines approved by the Ministry of Railways, and outdoor media, holding exclusive advertising rights at airports and selected train stations [2] - The rapid development of China's high-speed rail network is expected to drive strong growth for the company's media channels, allowing it to reach more business and leisure travelers [2]

Financial Performance - The group's total revenue increased by approximately RMB 838,000 or 2.4% to about RMB 35,446,000 compared to the previous year, primarily driven by the prepaid card business[11]. - Gross profit rose by approximately RMB 7,711,000 or 48.8% to about RMB 23,501,000, with the gross profit margin increasing from 45.6% to 66.3%[15]. - Total comprehensive expenses attributable to the owners of the company decreased by approximately RMB 46,554,000 or 93.9% to about RMB 3,039,000, mainly due to the absence of film copyright impairment this year[11]. - The company reported a pre-tax loss of RMB 24,068,000 for 2024, a reduction in loss from RMB 55,726,000 in 2023, showing an improvement of 56.9%[178]. - The total comprehensive loss for the year was RMB 4,022,000, significantly improved from RMB 49,633,000 in 2023, showing a reduction of 91.9%[178]. - The company recognized a foreign exchange gain of RMB 20,046,000 from overseas operations in 2024, compared to RMB 6,093,000 in 2023, representing a substantial increase of 228.5%[178]. Business Segments - Outdoor and digital advertising revenue decreased by approximately RMB 2,052,000 or 81.3% to about RMB 471,000, attributed to intense industry competition and a reduction in client numbers[17]. - The outdoor and digital advertising segment recorded a loss of approximately RMB 4,685,000, a decrease of about RMB 102,000 or 2.1% compared to the previous year[18]. - The film and entertainment investment segment reported no revenue for the year, compared to approximately HKD 6,163,000 in 2023, with a segment loss of approximately RMB 21,484,000, a decrease of RMB 33,122,000 or 60.7% year-over-year[20]. - The prepaid card business revenue increased by approximately RMB 8,163,000 or 31.5% to approximately RMB 34,085,000, driven by an increase in the number of prepaid cards sold[21]. Cost Management - Sales costs decreased by approximately RMB 6,873,000 or 36.5% to RMB 11,945,000, primarily due to cost control measures implemented during the year[23]. - Selling and distribution expenses rose by approximately RMB 1,695,000 or 96.9% to RMB 3,445,000, mainly due to increased advertising expenses[24]. - Administrative expenses increased by approximately RMB 4,127,000 or 14.1% to RMB 33,451,000, attributed to higher salaries and legal costs[25]. Cash and Assets - The group’s cash and cash equivalents increased by approximately RMB 6,390,000 or 38.0% to RMB 23,195,000 as of December 31, 2024[33]. - Restricted cash increased by approximately RMB 106,869,000 or 59.0% to RMB 288,078,000, due to an increase in prepaid card sales[35]. - Total assets increased to RMB 348,279,000 in 2024 from RMB 263,218,000 in 2023, representing a growth of 32.4%[180]. Corporate Governance - The company has maintained compliance with the GEM Listing Rules and the Corporate Governance Code throughout the year[42]. - The board emphasizes the importance of corporate culture for long-term operational success and sustainable growth[43]. - The board consists of a balanced mix of executive and independent non-executive directors, ensuring appropriate governance[44]. - The company has established policies to ensure the independence of the board and its committees[47]. - The board has adopted a diversity policy aimed at enhancing company performance, considering various factors such as skills, experience, gender, and age distribution[57]. Risk Management - The board is responsible for maintaining an effective risk management and internal control system to protect shareholder interests[81]. - The company engaged external consultants to review the effectiveness of its risk management and internal control systems, with no significant concerns identified[84]. - The risk management system is regularly reviewed by the board to ensure effectiveness and adequacy in managing identified risks[86]. Shareholder Communication - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance and strategies[85]. - The board regularly reviews the shareholder communication policy to ensure effective engagement with investors[87]. - The company is committed to timely and detailed responses to investor inquiries to strengthen communication and relationships[87]. Related Party Transactions - The company has engaged in related party transactions, which are classified as non-exempt continuing connected transactions under GEM Listing Rules[145]. - The framework agreements established on December 17, 2010, govern the relationship between the company and its related parties, ensuring oversight and control[145]. - The company confirms compliance with GEM Listing Rules regarding the disclosure of related party transactions[145]. Stock Options and Equity - The company adopted a stock option plan approved by shareholders on June 30, 2021, with no unexercised options as of December 31, 2024[122]. - The stock options granted on April 11, 2022, had an exercise price of HKD 0.448, with a theoretical value of HKD 0.440 at the time of grant[122]. - The company has adopted a share option scheme to incentivize directors and eligible participants, with details available in the financial statements[142]. Environmental Commitment - The company is committed to reducing its negative environmental impact and will publish an Environmental, Social, and Governance report[110].

Financial Performance - The total revenue for the year ended December 31, 2024, increased to approximately RMB 35,446,000, representing a growth of 2.4% from approximately RMB 34,608,000 in the previous year, primarily driven by the prepaid card business[15]. - The overall gross profit rose to approximately RMB 23,501,000, an increase of approximately RMB 7,711,000 or 48.8%, with the gross profit margin improving from 45.6% to 66.3%[19]. - The total comprehensive expenses attributable to the owners of the company for the year were approximately RMB 3,039,000, a significant decrease of approximately RMB 46,554,000 or 93.9% compared to RMB 49,593,000 in the previous year[15]. - The increase in revenue was attributed to a cumulative rise in the number of prepaid cards sold, leading to higher transaction fees and related income[19]. - The company reported a pre-tax loss of RMB 24,068,000 for 2024, a reduction in loss from RMB 55,726,000 in 2023, reflecting an improvement of 56.9%[182]. - The total comprehensive loss for the year was RMB (4,022,000), significantly improved from RMB (49,633,000) in 2023, reflecting a reduction of 91.9%[182]. - The basic and diluted loss per share for 2024 was RMB (53.44), improved from RMB (128.90) in 2023[182]. Business Segments - The report includes a comprehensive financial summary and analysis of the company's performance across its main business segments, including outdoor and digital advertising, film and entertainment investment, and prepaid card services[19]. - Outdoor and digital advertising revenue decreased by approximately RMB 2,052,000 or 81.3% to about RMB 471,000, primarily due to intense industry competition[21]. - The outdoor and digital advertising segment reported a loss of approximately RMB 4,685,000, a decrease of about RMB 102,000 or 2.1% compared to the previous year[22]. - Movie and entertainment segment generated no revenue this year, down from approximately RMB 6,163,000 in 2023, with a loss of about RMB 21,484,000, a reduction of RMB 33,122,000 or 60.7%[24]. - Prepaid card business revenue increased by approximately RMB 8,163,000 or 31.5% to about RMB 34,085,000, driven by an increase in the number of prepaid cards sold[25]. Cost Management - Cost of sales decreased by approximately RMB 6,873,000 or 36.5% to RMB 11,945,000, mainly due to cost control measures implemented this year[27]. - Selling and distribution expenses increased by approximately RMB 1,695,000 or 96.9% to about RMB 3,445,000, primarily due to increased advertising expenses[28]. - Administrative expenses rose by approximately RMB 4,127,000 or 14.1% to about RMB 33,451,000, mainly due to increases in salaries and legal fees[29]. Cash and Assets - Cash and cash equivalents increased by approximately RMB 6,390,000 or 38.0% to about RMB 23,195,000 as of December 31, 2024[37]. - Restricted cash increased by approximately 59.0% to about RMB 288,078,000 due to an increase in prepaid card sales[39]. - Total assets decreased from RMB 348,279,000 in 2023 to RMB 263,218,000 in 2024, a decline of approximately 24.5%[184]. - The company’s total liabilities increased from RMB 238,882,000 in 2023 to RMB 328,808,000 in 2024, an increase of 37.6%[184]. Corporate Governance - The company has established a policy to ensure the independence of non-executive directors, with all independent non-executive directors confirmed as independent according to GEM Listing Rules[53]. - The board consists of a balanced mix of executive and independent non-executive directors, ensuring compliance with GEM Listing Rules regarding board composition[50]. - The board is committed to maintaining high standards of corporate governance and has adhered to the GEM Listing Rules throughout the year[46]. - The company has adopted a board diversity policy aimed at enhancing performance, considering various factors such as skills, experience, and gender diversity[60]. - The board has established measurable goals for diversity, including ensuring at least one member has accounting qualifications and a gender-balanced composition[62]. Risk Management - The company has established a risk management policy that outlines the identification, assessment, and management processes for major business risks[87]. - The board is responsible for maintaining an effective risk management and internal control system to protect shareholder interests and company assets[85]. - The company has engaged external consultants to review the effectiveness of its risk management and internal control systems, with no significant concerns identified that could impact financial, operational, compliance, or risk management aspects[88]. Shareholder Relations - The company has adopted a shareholder communication policy to enhance investor relations and ensure timely disclosure of company information[89]. - Each department is responsible for identifying and assessing key risks quarterly, with management overseeing risk management activities[90]. - Shareholders can propose resolutions at general meetings, with voting conducted on a one-share-one-vote basis[92]. - The company has a dividend policy in place since January 1, 2019, which considers financial performance, cash flow, and regulatory constraints before declaring dividends[99]. Related Party Transactions - The company has engaged in related party transactions, which are classified as non-exempt continuing connected transactions under GEM Listing Rules[149]. - The framework agreements established in December 2010 remain effective, ensuring that significant business transactions require prior written consent from Ao Shen Technology[149]. - The company confirms compliance with GEM Listing Rules regarding the disclosure of related party transactions[148]. Employee Information - As of December 31, 2024, the group employed a total of 35 employees in China and Hong Kong, an increase from 34 employees in 2023[44]. - Total employee costs, including director remuneration, amounted to RMB 16,068,000 for the year, compared to RMB 13,761,000 in 2023, reflecting an increase of approximately 16.5%[44]. - The total employee cost increase of RMB 3,307,000 from the previous year indicates a focus on talent retention and compensation adjustments[44].

Financial Performance - The company reported revenue of RMB 17,948,000 for the six months ended June 30, 2024, a decrease of 5.6% compared to RMB 19,055,000 for the same period in 2023[5] - Gross profit increased significantly to RMB 11,715,000, up 102.1% from RMB 5,783,000 in the previous year[5] - The company incurred a loss before tax of RMB 5,368,000, compared to a loss of RMB 2,177,000 in the same period last year, indicating a worsening financial performance[5] - Total comprehensive loss for the period amounted to RMB 7,832,000, compared to a minimal loss of RMB 85,000 in the previous year[6] - The basic and diluted loss per share was RMB (2.99), compared to RMB (1.25) in the previous year, reflecting a higher loss per share[6] - The company reported a net loss of RMB 5,160,000 for the six months ended June 30, 2024, compared to a loss of RMB 2,163,000 in the same period of 2023[10] - The company’s total loss for the six months ended June 30, 2024, was RMB (5,160,000), reflecting ongoing challenges in the market[25] - The financial cost for the six months ended June 30, 2024, was RMB 708,000, slightly down from RMB 720,000 in the same period of 2023[21] Revenue Breakdown - Total revenue for the six months ended June 30, 2024, was RMB 17,948,000, a decrease from RMB 19,055,000 in the same period of 2023, primarily due to a significant drop in outdoor and digital advertising revenue[16] - The company generated RMB 17,847,000 in prepaid card revenue for the six months ended June 30, 2024, an increase of 56.5% from RMB 11,401,000 in the same period of 2023[16] - The company’s outdoor and digital advertising revenue significantly declined to RMB 101,000 for the six months ended June 30, 2024, from RMB 2,289,000 in the same period of 2023[16] - Total revenue for the six months ended June 30, 2024, was approximately RMB 17,847,000, a decrease of about RMB 1,208,000 or 6.3% compared to the same period last year[33] Assets and Liabilities - The company's non-current assets increased to RMB 10,714,000 as of June 30, 2024, compared to RMB 10,188,000 at the end of 2023[8] - Trade receivables decreased to RMB 32,886,000 from RMB 36,440,000 at the end of 2023, reflecting a decline in outstanding customer payments[8] - Current liabilities rose to RMB 300,387,000, up from RMB 238,882,000 at the end of 2023, indicating increased financial obligations[8] - The company's total equity attributable to owners decreased to RMB 28,259,000 as of June 30, 2024, down from RMB 35,883,000 as of December 31, 2023[10] - The company’s total assets decreased to RMB 26,560,000 as of June 30, 2024, compared to RMB 34,392,000 as of December 31, 2023[10] - Trade payables as of June 30, 2024, were RMB 28,459,000, compared to RMB 19,053,000 as of December 31, 2023, indicating an increase in liabilities[28] Cash Flow and Liquidity - The company reported cash and cash equivalents of RMB 21,924,000, an increase from RMB 16,805,000 at the end of 2023, suggesting improved liquidity[8] - For the six months ended June 30, 2024, the company reported a net cash inflow from operating activities of RMB 5,914,000, compared to a net outflow of RMB 12,263,000 in the same period of 2023[11] - The net cash and cash equivalents at the end of the period increased to RMB 21,924,000, up from RMB 11,363,000 at the end of June 2023[11] - The company’s financing activities generated a net cash inflow of RMB 643,000 for the six months ended June 30, 2024, compared to a net outflow of RMB 1,231,000 in the same period of 2023[11] Operational Challenges and Strategies - The company continues to explore new strategies for market expansion and product development to improve future performance[2] - The company suspended further investment in the film and entertainment business due to significant challenges and declines in revenue[35] - The company will continue to focus on developing its prepaid card business amid uncertainties in the business environment[51] Employee and Administrative Expenses - The company’s employee benefit expenses for the six months ended June 30, 2024, totaled RMB 6,594,000, an increase from RMB 6,075,000 in the same period of 2023[22] - Selling and distribution expenses rose by approximately RMB 987,000 or 100.4% to RMB 1,970,000, primarily due to increased advertising and marketing expenses[41] - Administrative expenses increased by approximately RMB 2,951,000 or 32.0% to RMB 12,170,000, attributed to higher corporate expenses[42] - Total employee costs, including director remuneration, were approximately RMB 6,594,000 for the six months ended June 30, 2024, compared to RMB 6,075,000 for the same period in 2023[50] Other Financial Information - The company experienced a foreign exchange loss of RMB 2,464,000 during the six months ended June 30, 2024[11] - The loss from other gains and losses increased by approximately RMB 4,960,000 or 268.4% to a net loss of RMB 6,808,000[40] - The company reported a total loss of RMB (6,808,000) from financial assets measured at fair value through profit or loss for the six months ended June 30, 2024, compared to a loss of RMB (1,833,000) for the same period in 2023[20] - The group has no significant contingent liabilities or capital commitments as of June 30, 2024[47][48] - The group has no major investments, acquisitions, or disposals planned as of June 30, 2024[55] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the six months ending June 30, 2024, and found them to be in accordance with applicable accounting standards[64] - The company has adopted a code of conduct for securities trading by directors, confirming compliance with the required standards for the six months ending June 30, 2024[61] - As of June 30, 2024, there were no unexercised options under the stock option plan, which was approved by shareholders on June 30, 2021[63] - The board believes that the foreign exchange risk is not significant, with no hedging activities undertaken for the six months ended June 30, 2024[49]

Financial Performance - The total revenue for the year decreased to approximately RMB 34,608,000, a decline of about 51.3% from RMB 71,049,000 in the previous year, primarily due to reduced contributions from outdoor and digital advertising services[12] - The overall gross profit increased by approximately RMB 1,595,000 or 11.2% to RMB 15,790,000, with the gross profit margin rising from 20.0% to 45.6%[17] - Total comprehensive expenses attributable to the owners of the company amounted to approximately RMB 49,593,000, an increase of about RMB 5,140,000 or 11.6% compared to RMB 44,453,000 in the previous year, mainly due to impairment of film copyrights and increased provisions for expected credit losses on trade receivables[12] - The decline in revenue was attributed to intense industry competition and a decrease in customer numbers, leading to reduced sales demand, particularly in outdoor and digital advertising[17] - Outdoor and digital advertising revenue decreased by approximately RMB 32,958,000 or 92.9% to about RMB 2,523,000 this year, primarily due to intense industry competition and a reduction in customer numbers[19] - Film and entertainment investment revenue decreased by approximately RMB 7,967,000 or 56.4% to RMB 6,163,000 this year, largely influenced by production schedules and market conditions[21] - The film and entertainment segment incurred a loss of approximately RMB 54,606,000, an increase of about RMB 6,607,000 or 13.8% from the previous year, primarily due to increased impairment of film rights[21] - Prepaid card business revenue increased by approximately RMB 4,484,000 or 20.9% to about RMB 25,922,000, despite a shift from profit to a loss of RMB 1,343,000 due to rising employee costs[30] Expenses and Costs - Sales costs decreased by approximately RMB 38,036,000 or 66.9% to RMB 18,818,000, aligning with the overall revenue decline[32] - Sales and distribution expenses increased by approximately 31.7% to about RMB 1,750,000, primarily due to higher personnel costs[33] - Administrative expenses decreased by approximately 20.0% from RMB 36,647,000 to RMB 29,324,000 due to the absence of equity-settled share payment expenses and reduced corporate expenses[34] - Expected credit loss provision for trade receivables increased by approximately RMB 13,402,000 or 350.5% to RMB 17,226,000, reflecting a rise in default rates and overdue receivables[39] Cash Flow and Financial Position - Cash and cash equivalents increased by approximately RMB 13,864,000 or 471.4% to RMB 16,805,000 compared to RMB 2,941,000 last year[42] - Restricted cash decreased by approximately 22.4% to RMB 181,209,000 from RMB 233,463,000 due to a reduction in prepaid card sales[45] - The current ratio was approximately 1.10, down from 1.23 last year, while the debt-to-equity ratio increased to 0.52 from 0.33[42] Corporate Governance - The board is committed to maintaining high standards of corporate governance and will continue to review its practices to meet regulatory requirements and stakeholder expectations[53] - The board currently has only two independent non-executive directors following the resignation of Ms. Lin Minzhi on November 15, 2023, which is below the GEM listing rules requirements[56] - The company has established policies to ensure the independence of the board, including annual reviews of the independence of all independent non-executive directors[56] - The board is responsible for setting corporate and strategic objectives and monitoring the group's operational and financial performance[59] - The chairman and CEO roles are separated to ensure a balance of power and authority within the company[61] - The board regularly reviews the functions and responsibilities delegated to management to ensure effective governance[60] Shareholder Relations - The company has adopted a dividend policy since January 1, 2019, which considers financial performance, cash flow, and overall business conditions for declaring dividends[111] - The board of directors will review and reassess the effectiveness of the dividend policy regularly or as needed[112] - Shareholders can request a special general meeting if they hold at least 10% of the voting rights in the company[103] - The company will cover reasonable expenses incurred by shareholders if the board fails to convene a special general meeting within 21 days of the request[103] Risk Management - The board is responsible for maintaining an effective risk management and internal control system to protect shareholder interests and company assets[95] - The company has established a risk management policy to identify, assess, and manage key business risks[97] - An external consultant was hired to review the effectiveness of the risk management and internal control systems, with no significant concerns identified[98] Related Party Transactions - Related party transactions during the year are disclosed in the financial statements, confirming compliance with GEM listing rules[167] - The company has a structured approach to managing related party transactions to ensure transparency and compliance with regulations[169] Employee Information - The company employed a total of 34 staff members as of December 31, 2023, an increase from 28 employees in the previous year[50] - The gender ratio among employees is approximately 41% male and 59% female, with a total of 14 male and 20 female employees as of December 31, 2023[70] Audit and Compliance - The independent auditor confirmed that the consolidated financial statements fairly reflect the group's financial position as of December 31, 2023[189] - The independent auditor's fee for statutory audit services was approximately RMB 590,000 for the current year, an increase from RMB 534,000 in 2022[93] Environmental Commitment - The company is committed to reducing its negative environmental impact and will publish an Environmental, Social, and Governance report[129]

Financial Performance - The group's revenue decreased from approximately RMB 71,049,000 in the previous year to approximately RMB 34,608,000, representing a decline of about 51.3% due to reduced contributions from outdoor and digital advertising services[16] - The group's total revenue for the year was approximately RMB 34,608,000, a decrease of about RMB 36,441,000 or 51.3% compared to last year's revenue of approximately RMB 71,049,000, primarily due to intense industry competition and a reduction in customer numbers[21] - Revenue from film and entertainment investments decreased by approximately RMB 7,967,000 or 56.4% to RMB 6,163,000, largely influenced by production schedules and market conditions[25] - Overall gross profit increased by approximately RMB 1,595,000 or 11.2% to approximately RMB 15,790,000, with the gross profit margin rising from 20.0% last year to 45.6% this year[21] - The outdoor and digital advertising revenue decreased by approximately RMB 32,958,000 or 92.9% to approximately RMB 2,523,000, mainly due to fierce competition leading to a decline in customer numbers[23] - The loss from the outdoor and digital advertising segment was RMB 4,787,000, an increase of approximately RMB 2,341,000 or 95.7% compared to the previous year, primarily due to reduced revenue[23] - The film and entertainment segment recorded a loss of approximately RMB 54,606,000, an increase of about RMB 6,607,000 or 13.8% compared to last year, mainly due to increased impairment of film rights[25] Expenses and Provisions - The total comprehensive expenses attributable to the owners of the company for the year amounted to approximately RMB 49,593,000, a decrease of about RMB 5,140,000 or 11.6% compared to last year's RMB 44,453,000, primarily due to impairment of film copyrights and increased provisions for expected credit losses on trade receivables[16] - Expected credit loss provision for trade receivables increased by approximately RMB 13,402,000 or 350.5% to RMB 17,226,000 from last year's RMB 3,824,000[43] - The impairment of film rights amounted to approximately RMB 10,422,000 this year, compared to RMB 2,585,000 last year, reflecting a significant decline in expected economic benefits[29] - The impairment of prepaid expenses related to film and entertainment business was approximately RMB 22,357,000, consistent with last year's figure of RMB 22,401,000[30] - Cost of sales decreased by approximately 66.9% to RMB 18,818,000 from last year's RMB 56,854,000, consistent with the decline in revenue[36] - Selling and distribution expenses increased by approximately 31.7% to RMB 1,750,000 from last year's RMB 1,329,000, primarily due to increased personnel costs[37] - Administrative expenses decreased by approximately 20.0% to RMB 29,324,000 from last year's RMB 36,647,000, mainly due to the absence of equity-settled share payment expenses this year[38] Business Strategy and Future Outlook - The company will continue to focus on developing its prepaid card business, while acknowledging that financial performance in 2024 may continue to be affected by uncertainties in the business environment[17] - The management is actively seeking business opportunities to achieve sustainable development and plans to strengthen cost control and implement appropriate measures to promote business growth in the coming year[17] - The company expresses confidence in creating better performance and greater value returns for shareholders and employees in the future[18] - The group is continuously reviewing its business strategy to optimize financial resources[31] Corporate Governance - The board has established the group's mission, values, and strategies, emphasizing ethical and responsible conduct as the foundation for sustainable growth[59] - The board composition includes a balance of expertise, with independent non-executive directors ensuring compliance with GEM listing rules[61] - The company is committed to maintaining high standards of corporate governance to protect stakeholder interests and manage risks effectively[59] - The chairman and CEO roles are separated to ensure a balance of power and clear delineation of responsibilities[66] - The company has policies in place to maintain the independence of non-executive directors, with annual confirmations of their independence received[63] - The board is responsible for overseeing the group's operational activities and financial performance, ensuring decisions align with shareholder interests[64] - The board has mechanisms to ensure independent opinions are available for decision-making, including the ability to seek independent professional advice[64] Shareholder Relations - The company has adopted a shareholder communication policy to enhance investor relations and ensure timely disclosure of company information[106] - Shareholders can propose individual resolutions at the annual general meeting, with voting conducted based on the number of shares held[110] - The company encourages shareholders to submit inquiries in writing regarding their shareholdings and dividend payments[112] - The company will respond promptly to shareholder inquiries, provided that detailed contact information is included[113] - The board has the discretion to determine whether to include shareholder proposals in the meeting agenda after verifying the identity of the shareholders[116] - The company will hold a special general meeting within two months if requested by shareholders holding at least 10% of the voting rights[111] Environmental and Social Responsibility - The company is committed to reducing its negative environmental impact and will publish an Environmental, Social, and Governance report[138] Related Party Transactions - The company confirms compliance with GEM Listing Rules regarding related party transactions[180] - The group has established several agreements with related parties, including a framework agreement and exclusive agreements for consulting services[186] - The exclusive agreements stipulate that the operating entities will pay fees to Aoshin Technology based on their total revenue minus all relevant costs, expenses, and taxes[186] - The agreements are effective from December 17, 2010, and will remain in force unless terminated with a 30-day written notice[186] - The group has secured actual control over the financial and operational policies of the operating entities through the structural agreements[188] Employee Composition and Diversity - As of December 31, 2023, the gender ratio among employees is approximately 41% male and 59% female, which the board considers ideal[76] - The board has set measurable goals to ensure at least one member has accounting or other professional qualifications, includes both genders, and spans at least two age groups[74] - The board will continue to monitor employee gender composition and set targets as necessary to achieve gender equality[76] Audit and Risk Management - The audit committee held four meetings during the year to review the group's quarterly, half-year, and annual financial performance and reports[86] - The board is responsible for maintaining an effective risk management and internal control system to protect shareholder interests and company assets[102] - An external consultant was hired to review the effectiveness of the risk management and internal control systems, with no significant concerns identified[105] - The board regularly reviews the effectiveness and adequacy of the risk management and internal control systems[108] Share Options and Remuneration - The company has adopted a share option scheme to incentivize directors and eligible participants[178] - The remuneration committee is responsible for recommending compensation policies for all directors and senior management[178] - The company paid approximately RMB 590,000 for statutory audit services this year, an increase from RMB 534,000 in 2022[100]

Financial Performance - Total revenue for the nine months ended September 30, 2023, was RMB 25,886,000, a decrease of 57.4% compared to RMB 60,853,000 in the same period of 2022[3] - Gross profit for the nine months ended September 30, 2023, was RMB 10,237,000, slightly down by 5.6% from RMB 10,841,000 in the same period of 2022[3] - The net loss before tax for the nine months ended September 30, 2023, was RMB 4,842,000, an improvement of 65.2% compared to a loss of RMB 13,892,000 in the same period of 2022[3] - The total comprehensive loss for the nine months ended September 30, 2023, was RMB 5,422,000, a reduction of 53.5% from RMB 11,656,000 in the same period of 2022[3] - Basic and diluted loss per share for the nine months ended September 30, 2023, was RMB (2.79), improving from RMB (8.04) in the same period of 2022[5] Revenue Breakdown - Outdoor and digital advertising revenue decreased by approximately RMB 28,342,000 or 91.9% to RMB 2,497,000 from RMB 30,839,000 for the nine months ended September 30, 2022[25] - Film and entertainment investment revenue decreased by approximately RMB 8,164,000 or 59.1% to RMB 5,650,000 from RMB 13,814,000 for the nine months ended September 30, 2022[26] - Prepaid card revenue increased by approximately RMB 1,539,000 or 9.5% to RMB 17,739,000 from RMB 16,200,000 for the nine months ended September 30, 2022, due to an increase in sales channels and customer numbers[28] Expenses and Cost Management - Sales and distribution expenses decreased to RMB 1,406,000 for the nine months ended September 30, 2023, down from RMB 2,740,000 in the same period of 2022, reflecting a reduction of 48.8%[3] - Administrative expenses were reduced to RMB 16,612,000 for the nine months ended September 30, 2023, compared to RMB 19,783,000 in the same period of 2022, a decrease of 11.0%[3] - Sales cost decreased by approximately RMB 34,363,000 or 68.7% to RMB 15,649,000 for the nine months ended September 30, 2023, primarily due to reduced agency costs in outdoor and digital advertising[29] - Selling and distribution expenses decreased by approximately RMB 1,334,000 or 48.7% to RMB 1,406,000 for the nine months ended September 30, 2023, due to effective cost control measures[32] - Administrative expenses decreased by approximately RMB 3,171,000 or 16.0% to RMB 16,612,000 for the nine months ended September 30, 2023, mainly due to a reduction in corporate expenses[34] - Total employee costs amounted to approximately RMB 8,407,000 for the nine months ended September 30, 2023, down from RMB 9,668,000 in the previous year[35] Other Income and Losses - Other income increased significantly to RMB 7,054,000 for the nine months ended September 30, 2023, compared to RMB 2,427,000 in the same period of 2022, marking a growth of 190.5%[3] - Other income increased by approximately RMB 4,627,000 or 190.6% to RMB 7,054,000 for the nine months ended September 30, 2023, mainly driven by increased bank interest income[30] - Net other gains and losses improved by approximately RMB 571,000 or 15.4%, resulting in a net loss of RMB 3,127,000 for the nine months ended September 30, 2023[31] Corporate Governance and Compliance - The company has complied with corporate governance codes as of September 30, 2023[38] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited performance for the nine months ending September 30, 2023, ensuring compliance with applicable accounting standards[48] - The company has adopted a code of conduct for securities trading by directors, confirming compliance for the nine-month period ending September 30, 2023[46] Shareholder Information - As of September 30, 2023, Mr. Yuen Tak Ching holds 14,400,500 shares, representing approximately 8.33% of the company's issued share capital[43] - As of September 30, 2023, major shareholders include Mr. Lin Pintong and others, each holding approximately 8.33% of the company's issued share capital, totaling 14,400,500 shares[45] - New Tong Investment Limited and China Investment Group Limited each hold 5.27% of the company's issued share capital, totaling 9,103,000 shares[45] Future Outlook - The company continues to focus on outdoor and digital advertising services, film and entertainment investments, and prepaid card business as its main operations[10] - The company will continue to focus on developing outdoor and digital advertising businesses and prepaid card operations, while actively seeking sustainable growth opportunities[37] Other Information - The company does not recommend the payment of any dividends for the nine months ended September 30, 2023[20] - The company has no significant contingent liabilities as of September 30, 2023[36] - No significant events occurred after the reporting period up to the date of the quarterly report[47]

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會對因本公佈全部或 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。 （於開曼群島註冊成立的有限公司） （股份代號：8087） 截至2023年9月30日止九個月之 第三季度業績公佈 中國三三傳媒集團有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事（「董 事」）會（「董事會」）欣然公佈本集團截至2023年9月30日止九個月及三個月之未經 審核業績。本公佈載有本公司2023年第三季度報告全文，乃符合香港聯合交易所有 限公司GEM證券上市規則中有關第三季度業績初步公佈附載資料之相關要求。 承董事會命 中國三三傳媒集團有限公司 董事長兼執行董事 阮德清 香港，2023年11月14日 於本公佈日期，執行董事為阮德清先生（董事長）及馬彬輝先生；及獨立非執行董 事為鄭雪莉女士、林敏芝女士及邱潔如先生。 ...