Financial Performance - Revenue for the six months ended September 30, 2023, decreased by 8.3% to RMB 78.7 million from RMB 85.9 million for the same period in 2022[6]. - The company recorded a loss of RMB 36.4 million for the six months ended September 30, 2023, compared to a loss of RMB 37.8 million for the same period in 2022[7]. - The loss before income tax for the first half of 2023 was RMB 36.4 million, compared to RMB 37.8 million in the first half of 2022[24]. - The company reported a net loss attributable to equity holders of RMB 36,695,000 for the six months ended September 30, 2023, compared to a loss of RMB 38,978,000 for the same period in 2022, indicating a reduction in losses[81]. - The company incurred a loss before tax of RMB 36,359,000 for the six months ended September 30, 2023, compared to a loss of RMB 37,805,000 for the same period in 2022, showing a slight improvement in financial performance[81]. - The company recorded a total comprehensive loss of RMB 29,522 thousand for the six months ended September 30, 2023[87]. Revenue Breakdown - The company reported revenue of RMB 36,568,000 for the three months ended September 30, 2023, representing a 25.6% increase compared to RMB 29,098,000 for the same period in 2022[81]. - Revenue from solutions for the three months ended September 30, 2023, was RMB 15,848,000, an increase of 8.1% from RMB 14,656,000 in the same period of 2022[100]. - Service revenue for the six months ended September 30, 2023, increased significantly to RMB 36,830,000, up 46.6% from RMB 25,127,000 in the same period of 2022[100]. - Product revenue for the three months ended September 30, 2023, was RMB 6,753,000, a substantial increase from RMB 2,131,000 in the same period of 2022[100]. - The company reported other income of RMB 12,089,000 for the six months ended September 30, 2023, compared to RMB 9,647,000 in the same period of 2022, reflecting a growth of 25.0%[102]. Expenses and Costs - Gross profit increased by 203.6% to RMB 23.5 million for the six months ended September 30, 2023, from RMB 7.7 million for the same period in 2022, with gross margin rising from 9.0% to 29.8%[12][17]. - Sales costs decreased to RMB 55.2 million for the six months ended September 30, 2023, from RMB 78.1 million for the same period in 2022, attributed to lower costs of service contracts[14]. - Sales and marketing expenses decreased by 8.7% to RMB 23.5 million for the six months ended September 30, 2023, from RMB 25.7 million for the same period in 2022[19]. - Administrative expenses increased by 12.9% to RMB 27.5 million for the six months ended September 30, 2023, from RMB 24.4 million for the same period in 2022, due to rising personnel costs[20]. - Research and development expenses increased by 34.7% to RMB 14.0 million for the six months ended September 30, 2023, from RMB 10.4 million for the same period in 2022, reflecting increased investment in software development[21]. - Financing costs decreased by 14.0% from RMB 5.6 million in the first half of 2022 to RMB 4.8 million in the first half of 2023, primarily due to reduced bank loan interest expenses[22]. Assets and Liabilities - Non-current assets as of September 30, 2023, amounted to RMB 94.9 million, down from RMB 102.8 million as of March 31, 2023, with intangible assets decreasing from RMB 58.8 million to RMB 46.7 million[31]. - Current assets increased from RMB 444.5 million as of March 31, 2023, to RMB 467.6 million as of September 30, 2023, primarily driven by an increase in trade and other receivables[32]. - Current liabilities rose from RMB 399.8 million as of March 31, 2023, to RMB 449.3 million as of September 30, 2023, mainly due to increases in trade and other payables[35]. - The capital debt ratio as of September 30, 2023, was 142.1%, significantly up from 88.6% as of March 31, 2023[37]. - Total equity decreased to RMB 112,681 thousand as of September 30, 2023, down from RMB 142,203 thousand as of March 31, 2023, indicating a decline of approximately 20.8%[84]. - The company's total liabilities increased to RMB 449,309 thousand from RMB 399,796 thousand, reflecting a growth of approximately 12.4%[83]. Shareholder Information - As of September 30, 2023, major shareholders include Mr. Zheng Fushuang with 223,706,278 shares (35.49%) and Wickhams Cay Trust Company Limited with 214,278,278 shares (33.99%) in the company[57]. - The company has adopted a share option scheme aimed at attracting and retaining employees, with a maximum of 62,000,000 shares (10% of issued shares at listing) available for issuance under the scheme[60]. - The company has granted a total of 61,482,700 stock options under the stock option plan, representing approximately 9.75% of the issued shares[65]. - The total issued and paid-up ordinary shares of the company as of September 30, 2023, is 630,332,000 shares, with a par value of USD 0.00001 per share[140]. Corporate Governance - The company has adopted the corporate governance code as per GEM listing rules, ensuring compliance and governance standards are maintained[73]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balance of power and adequate oversight[79]. - The audit committee reviewed the unaudited interim financial information for the six months ended September 30, 2023, and confirmed compliance with applicable accounting standards[78]. - The company plans to provide further training and development materials to directors regarding compliance with GEM listing rules to mitigate future non-compliance risks[75]. - The company has emphasized the importance of separating the roles of the chairman and CEO to enhance operational efficiency, despite current practices deviating from the governance code[73]. Cash Flow and Investments - The net cash flow from operating activities for the six months ended September 30, 2023, was a negative RMB 38,773 thousand, compared to a negative RMB 3,702 thousand for the same period in 2022[89]. - The company reported a net cash outflow from investing activities of RMB 158,917 thousand for the six months ended September 30, 2023, compared to RMB 161,818 thousand in the previous year[89]. - Cash and cash equivalents at the end of the period were RMB 2,291 thousand, a decrease from RMB 4,366 thousand at the end of the previous year[89]. - The company did not acquire any property, plant, and equipment during the six months ended September 30, 2023, compared to an acquisition cost of RMB 995,000 in the same period of 2022[115]. Employee Information - The workforce decreased to 283 full-time employees as of September 30, 2023, from 415 full-time employees a year earlier, with total salary expenses for the first half of 2023 at approximately RMB 30 million compared to RMB 36.8 million in the same period of 2022[45]. - Employee benefits expenses for the six months ended September 30, 2023, totaled RMB 30,007,000, a decrease of 18.5% compared to RMB 36,789,000 for the same period in 2022[106]. - The total compensation for key management personnel was RMB 2,007,000, slightly down from RMB 2,076,000 in the previous year[164]. Miscellaneous - The company does not recommend the payment of an interim dividend for the six months ended September 30, 2023[8]. - The company has not disclosed any new product or technology developments in the report[56]. - There are no acquisitions or market expansion strategies mentioned in the report[56]. - The report does not provide any future outlook or performance guidance[56]. - The company has not purchased or granted any shares under the 2017 Share Award Scheme during the six months ended September 30, 2023[155].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 China Digital Video Holdings Limited 中國數字視頻控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8280） 截至二零二三年九月三十日止六個月的中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為較其他聯交所上市公司而言帶有更高投資風險的中小型公司提供一個上 市的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳 的考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣的證券可能會較於主板買賣的 證券而言承受更大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通 量的市場。 – 1 – 本公告載有遵照聯交所GEM證券上市規則（「GEM上市規則」）而提供的詳情，旨在 提供中國數字視頻控股有限公司（「本公司」）之資料，本公司董事（「董事」）對本公 告共同及個別承擔全部責任。董事在作出一切合理查詢後確 ...

Revenue Performance - Revenue decreased by 25.8% from RMB 56.8 million for the three months ended June 30, 2022, to RMB 42.1 million for the three months ended June 30, 2023[4]. - For the three months ended June 30, 2023, total revenue was RMB 42,140 thousand, a decrease of 26.0% compared to RMB 56,777 thousand for the same period in 2022[74]. - Revenue from solutions was RMB 10,115 thousand, down from RMB 12,000 thousand, representing a decline of 16.0% year-over-year[74]. - Service revenue increased to RMB 22,863 thousand from RMB 12,852 thousand, marking a significant growth of 77.9% year-over-year[74]. - Product revenue decreased to RMB 9,162 thousand from RMB 31,925 thousand, reflecting a decline of 71.3% year-over-year[74]. Profitability and Loss - The company recorded a loss of RMB 18.4 million for the three months ended June 30, 2023, compared to a loss of RMB 8.5 million for the same period in 2022[4]. - The company incurred a loss before tax of RMB 18,381,000, compared to a loss of RMB 8,472,000 in the previous year, reflecting a 117.5% increase in losses[64]. - The total comprehensive loss for the period was RMB 22,904,000, compared to RMB 9,716,000 in the same period last year, representing a 136.5% increase[64]. - Basic and diluted loss per share for the period was RMB 3.07, compared to RMB 1.07 for the same period in 2022[64]. - The company reported a total comprehensive loss of RMB 13,858 thousand for the period, compared to a loss of RMB 7,890 thousand in the previous year[68]. Gross Profit and Margin - Gross profit increased by 412.7% from RMB 2.7 million for the three months ended June 30, 2022, to RMB 13.7 million for the three months ended June 30, 2023[14]. - Gross margin improved from 4.7% for the three months ended June 30, 2022, to 32.4% for the three months ended June 30, 2023[14]. Expenses - Research and development expenses increased by 17.9% from RMB 5.2 million for the three months ended June 30, 2022, to RMB 6.1 million for the three months ended June 30, 2023[18]. - Selling and marketing expenses rose by 15.1% from RMB 11.8 million for the three months ended June 30, 2022, to RMB 13.6 million for the three months ended June 30, 2023[16]. - Administrative expenses decreased by 19.1% from RMB 9.7 million for the three months ended June 30, 2022, to RMB 7.8 million for the three months ended June 30, 2023[17]. - Employee compensation expenses (excluding share-based payment expenses) for the three months ended June 30, 2023, were approximately RMB 19.9 million, compared to RMB 22.5 million for the same period in 2022[33]. - Employee benefits expenses decreased to RMB 19,852,000 in Q2 2023 from RMB 22,475,000 in Q2 2022, a reduction of about 11.6%[83]. - The cost of software and hardware recognized as expenses was RMB 24,738,000 in Q2 2023, down from RMB 40,279,000 in Q2 2022, indicating a decrease of approximately 38.7%[83]. Other Income and Financing Costs - Other income decreased from RMB 10.2 million for the three months ended June 30, 2022, to RMB 1.4 million for the three months ended June 30, 2023[15]. - Other income for the three months was RMB 1,360 thousand, down from RMB 10,216 thousand, a decrease of 86.7% year-over-year[75]. - Financing costs decreased by 30.2% from RMB 3.7 million for the three months ended June 30, 2022, to RMB 2.6 million for the three months ended June 30, 2023[19]. - Interest income was RMB 9 thousand, significantly lower than RMB 879 thousand for the same period last year[75]. Share Options and Employee Incentives - The company has adopted a share option scheme to attract and retain employees, with a total of 62,000,000 shares available for issuance, representing 10% of the total issued shares as of the listing date[45]. - As of June 30, 2023, a total of 61,482,700 share options have been granted under the scheme, which accounts for 9.75% of the total issued shares[50]. - No share options were granted, cancelled, expired, or exercised during the three months ending June 30, 2023[50]. - The share options vest as follows: 40% on the grant date, 30% after one year, and 30% after two years[52]. - The exercise price for the share options is set at a minimum of the highest of the closing price on the grant date, the average closing price over the five trading days prior to the grant date, or the par value of the shares[46]. - The maximum number of shares that can be issued upon exercise of options granted to any participant in a 12-month period cannot exceed 1% of the issued shares[46]. - The company aims to encourage contributions to growth and profitability through the share option scheme[45]. - The share options granted to executive directors and other participants are subject to board discretion regarding the exercise period[47]. Corporate Governance and Compliance - The audit committee reviewed the unaudited financial statements for the three months ended June 30, 2023, and confirmed compliance with applicable accounting standards[61]. - The company has adopted the corporate governance code as per GEM listing rules, ensuring proper governance practices are in place[58]. - There were no interests held by directors or major shareholders in any competing businesses during the reporting period[55]. Employment and Workforce - As of June 30, 2023, the company employed 315 full-time employees and 57 dispatched workers, a decrease from 439 full-time employees and 39 dispatched workers as of June 30, 2022[33]. Future Plans and Strategic Direction - The company plans to explore other business opportunities and consider asset sales, acquisitions, and business rationalization to enhance long-term growth potential[8]. - The company has no plans for significant investments or acquisitions of capital assets[32]. - The company confirmed that there were no significant events after June 30, 2023, up to the report date[36]. - The company continues to focus on research and development of video-related and broadcasting equipment and software, as well as providing related technical services in China[68].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 China Digital Video Holdings Limited 中國數字視頻控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8280） 截至二零二三年六月三十日止三個月的 第一季度業績公告 香港聯合交易所有限公司（「聯交所」）「GEM」的特色 GEM乃為較其他主板上市公司而言帶有更高投資風險的中小型公司提供一個上市 的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣的證券可能會較於聯交所主板 買賣的證券而言承受更大的市場波動風險，同時無法保證在GEM買賣的證券會有 高流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部 份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本 ...

Financial Performance - For the fiscal year ending March 31, 2023, the company reported revenue of approximately RMB 260.3 million, an increase of 4.3% compared to RMB 249.7 million for the fiscal year ending December 31, 2021[8]. - The company recorded a loss of RMB 108.7 million for the fiscal year 2022/2023, compared to a loss of RMB 102.8 million in the previous fiscal year[13]. - The company recorded revenue of RMB 260.3 million for the fiscal year 2022/2023, an increase of 4.3% from RMB 249.7 million in the previous year[23]. - Gross profit increased by 20.6% to RMB 55.0 million, with a gross margin rising from 18.3% to 21.1% due to revenue growth outpacing cost increases[26]. - Other income rose by 30.6% to RMB 39.8 million, primarily due to an increase in software tax rebates[27]. - Sales and marketing expenses decreased by 11.1% to RMB 59.4 million, attributed to reduced employee compensation payments[30]. - Research and development expenses decreased by 37.0% to RMB 19.6 million, compared to RMB 31.1 million in the previous year[32]. - The company's current assets amounted to RMB 444.5 million, while current liabilities were RMB 399.8 million, resulting in a capital debt ratio of 88.6%[48]. - The company's non-current assets decreased to RMB 102.8 million from RMB 158.9 million in the previous year, mainly due to a reduction in intangible assets[43]. - Trade and other receivables impairment losses increased to RMB 20.5 million from RMB 7.6 million in the previous year, primarily due to expected credit losses[34]. - The company's employee compensation expenses for the fiscal year 2022/2023 were approximately RMB 93.8 million, compared to RMB 111.2 million in the previous year[57]. Corporate Governance - The company has complied with all relevant laws and regulations without any significant violations during the review period[18]. - The company has established a robust governance structure with independent directors serving on key committees[77][84]. - The company is committed to maintaining high levels of corporate governance to build trust with shareholders and stakeholders, which is essential for long-term value creation[97]. - The board of directors has adopted a diversity policy aimed at enhancing the quality of company performance, considering various measurable aspects such as gender, age, and professional experience[104]. - The board will take measures to strengthen diversity and aims to appoint at least one female director by December 31, 2024[109]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balance of power and adequate oversight for the interests of the company and its shareholders[112]. - The company has complied with the corporate governance code as per the GEM listing rules during the reporting period[98]. - The management team includes experienced professionals with backgrounds in technology and corporate governance, enhancing operational efficiency[100]. - The company secretary has extensive experience in corporate secretarial matters and holds multiple professional qualifications[93]. - The board is responsible for formulating business strategies, reviewing performance, and approving financial statements and budgets[100]. - The company has not disclosed any significant relationships among board members that could affect governance[111]. - The chairman and CEO roles are currently held by the same individual, which the board believes enhances operational efficiency despite deviating from governance code recommendations[112]. - The company has appointed Dr. Li Wanshou, Mr. Frank Christiaens, and Mr. Li Youliang as directors for a term of three years starting from June 28, 2021, May 22, 2022, and March 1, 2023, respectively[113]. - All independent non-executive directors have confirmed their independence according to GEM Listing Rules, and the board believes they meet the independence criteria[114]. - The board has established three committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee, each with clear written terms of reference[122]. - The Remuneration Committee reviewed the remuneration of directors and senior management during the 2022/2023 period and deemed it fair and reasonable[123]. - The Nomination Committee evaluated the composition of the board and the independence of non-executive directors, recommending new director appointments based on objective criteria[124]. - The company encourages continuous professional development for all directors, who participated in training courses and relevant materials during the 2022/2023 period[119]. - The company has made appropriate insurance arrangements for directors and senior management against legal claims arising from their duties[118]. - The board has confirmed compliance with the trading guidelines for directors as per GEM Listing Rules, ensuring no violations occurred during the reporting period[117]. - The board considers various aspects of diversity, including gender, age, and industry experience, when appointing new directors[126]. - The company conducts annual reviews of its insurance arrangements for directors to ensure adequate coverage[118]. - The audit committee was established on May 23, 2016, with a focus on reviewing and monitoring the integrity of financial information and ensuring compliance with accounting standards[127]. - During the fiscal year 2022/2023, the audit committee reviewed the consolidated financial statements and internal control systems, concluding that they were prepared in accordance with applicable standards and regulations[127]. - The company held 9 board meetings and the audit committee held 6 meetings during the fifteen months ending March 31, 2023[130]. - The annual remuneration for senior management included 5 individuals earning between HKD 1,000,001 and HKD 1,500,000, compared to 2 individuals in the previous year[134]. - The external auditor, Deloitte, received a fee of RMB 1,380,000 for audit services and RMB 150,000 for non-audit services during the fiscal year 2022/2023[138]. - The company emphasizes the importance of risk management and internal control systems, which are regularly reviewed to ensure effectiveness[140]. - The internal audit function is executed by the finance department, which reports directly to the CEO and monitors various operational areas continuously[141]. - The company has established internal policies to regulate the handling and disclosure of insider information in compliance with relevant regulations[141]. - The audit committee consists of independent non-executive directors, ensuring that at least one member has appropriate professional qualifications or financial management expertise[127]. - The company has implemented a performance incentive scheme for directors and employees based on individual and group performance[132]. - The company has adopted a shareholder communication policy to ensure timely and unbiased access to information for shareholders and potential investors[146]. - During the fiscal year 2022/2023, the board of directors fulfilled its responsibilities regarding corporate governance policies and compliance with legal regulations[144]. - There were no significant changes to the company's articles of association during the fiscal year 2022/2023[145]. Business Strategy and Development - The company aims to continue developing and investing in innovative products and services to enhance its core digital video technology[9]. - The company is exploring potential business opportunities, including asset sales, acquisitions, and business rationalization, to enhance long-term growth potential[16]. - The company emphasizes the importance of demand-driven and responsive R&D work to meet customer needs in the digital video technology sector[16]. - The company plans to optimize and improve existing product performance while reducing costs[9]. - The company is actively seeking to expand revenue sources and enhance shareholder value through potential business opportunities[9]. - The company plans to enhance and develop its service business to create recurring high-profit revenue streams, focusing on co-producing media content with rights holders[63]. - The company aims to leverage its core digital video technology to develop and invest in innovative products and services, particularly in collaboration with major telecom operators[66]. - The company intends to pursue strategic investments and acquisitions to strengthen its solution and service offerings, particularly in the fragmented Chinese post-production industry[67]. - The long-term goal is to become a leading integrated digital video technology, service, and media company in China, focusing on market share expansion and service enhancement[61]. - The company has over 20 years of experience in the digital video technology industry[69]. - The executive team includes individuals with extensive backgrounds in broadcasting and technology, such as Mr. Pang, who has approximately 20 years of experience in the broadcasting industry[73]. - The company is focused on expanding its market presence and enhancing its technological capabilities through new product development and strategic initiatives[69][73]. - The management team has a strong academic background, with degrees from prestigious institutions such as Peking University and the University of Leuven[69][80]. - The company has a commitment to innovation, as evidenced by the recognition received by its executives for technological advancements[73][78]. - The company is actively involved in various social organizations, indicating a commitment to corporate social responsibility[69]. Employee and Workplace Environment - The company employs 388 full-time employees as of March 31, 2023, a decrease from 530 full-time employees as of December 31, 2021[57]. - The company has no significant foreign currency risk as most transactions are settled in RMB, and it did not enter into any hedging arrangements during the fiscal year 2022/2023[55]. - The company has no significant contingent liabilities or major legal proceedings as of March 31, 2023[58]. - The total number of employees is 422, with 289 males and 133 females, and the majority (304) are aged between 30 to 50 years[163]. - The employee turnover rate is notably high for males at 56.6% and lower for females at 22.3%, indicating a significant gender disparity in retention[164]. - Training participation rates show that 11.7% of male employees and 4.6% of female employees received training during the reporting period[168]. - The company is committed to creating a fair and equitable work environment, with no tolerance for discrimination or harassment[162]. - The company emphasizes the importance of employee health and safety, adhering to relevant laws and regulations without any significant non-compliance issues reported during the period[160]. - The company has not reported any incidents of child labor or forced labor, strictly adhering to labor laws and regulations[167]. Environmental, Social, and Governance (ESG) Initiatives - The company emphasizes sustainable development as a key component of its business strategy, aiming to create long-term value for stakeholders[150]. - The environmental, social, and governance (ESG) report covers the period from January 1, 2022, to March 31, 2023, detailing the company's ESG impacts and policies[151]. - The board of directors is responsible for guiding and overseeing the implementation of the company's ESG strategies[150]. - The company has not encountered any significant legal or regulatory non-compliance issues related to employment and labor practices during the reporting period[157]. - The company maintains multiple communication channels with shareholders, including annual and interim reports available in printed form and on its website[146]. - The company encourages feedback from investors and the public, providing various means for inquiries and suggestions[146]. - The company has established a systematic process for identifying and reporting insider information to ensure compliance with securities regulations[143]. - The company generated carbon emissions of 10.8 tons from vehicle usage during the reporting period, with plans to consider more environmentally friendly fuel options[175]. - The company has implemented measures to promote energy efficiency and waste management, aiming to minimize negative environmental impacts[172]. - There were no reported non-compliance incidents with environmental laws and regulations during the reporting period[172]. - The company has not reported any significant harmful waste generation during the reporting period[176]. - The company has implemented energy-saving measures, including zoned lighting and maintaining indoor temperatures between 25 to 26 degrees Celsius[176]. - The company has not established any water conservation targets as water consumption is not significant[181]. - The company has not encountered any issues in obtaining water sources during the reporting period[182]. - The company emphasizes the importance of supplier selection based on environmental and social responsibility performance[192].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 China Digital Video Holdings Limited 中國數字視頻控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8280） 截至二零二三年三月三十一日止十五個月 之年度期間業績公告 香港聯合交易所有限公司（「聯交所」）「GEM」的特色 GEM乃為較其他主板上市公司而言帶有更高投資風險的中小型公司提供一個上市 的市場。有意投資的人士應了解投資於該等公司的潛在風險，並應經過審慎周詳的 考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣的證券可能會較於聯交所主板 買賣的證券而言承受更大的市場波動風險，同時無法保證在GEM買賣的證券會有 高流通量的市場。 本公告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供中國 數字視頻控股有限公司（「本公司」）之資料，本公司董事（「董事」）願就此共同及個 別承擔全部責任。董事在作出一切合理查詢後確認， ...

Revenue Performance - Revenue decreased by 11.6% from RMB 249.7 million in 2021 to RMB 220.7 million in 2022[4] - Total revenue for the twelve months ended December 31, 2022, was RMB 220,709,000, a decrease of 11.6% compared to RMB 249,655,000 for the previous year[70] - Revenue for Q4 2022 was RMB 74,000 thousand, a 60.8% increase from RMB 46,027 thousand in Q4 2021[57] - The revenue from solutions for the three months ended December 31, 2022, was RMB 72,446,000, representing a significant increase of 208.5% from RMB 23,471,000 in the same period last year[70] - Service revenue accounted for 26.5% of total revenue in 2022, down from 28.1% in 2021, totaling RMB 58.5 million[9] - Product sales dropped to 12.0% of total revenue in 2022, down from 23.6% in 2021, amounting to RMB 26.6 million[9] Profit and Loss - The company recorded a loss of RMB 66.7 million in 2022, compared to a loss of RMB 102.8 million in 2021[20] - The net loss for the year ended December 31, 2022, was RMB 66,675 thousand, a decrease from RMB 102,765 thousand in 2021[57] - The company reported a total comprehensive loss of RMB 82,695 thousand for the year ended December 31, 2022[60] - Basic loss per share for the twelve months ended December 31, 2022, was RMB 0.115, compared to RMB 0.170 for the previous year[78] - The company reported a net loss attributable to owners of RMB 71,047,000 for the twelve months ended December 31, 2022, compared to a net loss of RMB 104,972,000 in the previous year[78] Expenses - Gross profit decreased by 13.4% from RMB 45.6 million in 2021 to RMB 39.5 million in 2022, with a gross margin decline from 18.3% to 17.9%[11] - Other income fell by 22.3% from RMB 30.5 million in 2021 to RMB 23.7 million in 2022[12] - Research and development expenses decreased by 63.0% from RMB 31.1 million in 2021 to RMB 11.5 million in 2022[15] - Employee benefits expenses for the twelve months ended December 31, 2022, were RMB 67,422,000, a decrease of 27% from RMB 92,299,000 in the previous year[74] - R&D expenses for Q4 2022 were RMB 6,224 thousand, compared to a loss of RMB 10,423 thousand in Q4 2021[57] Shareholder Information - Major shareholders include Zheng Fushuang with 34.36% equity and Wickhams Cay Trust Company Limited with 33.99% equity in the company[36] - The company does not recommend any dividend distribution for 2022, consistent with 2021[28] - The company did not recommend any dividend payment for the year ended December 31, 2022, consistent with the previous year[75] Corporate Governance - The board of directors consists of three executive directors and two independent non-executive directors, ensuring a balance of power and adequate oversight for the company's and shareholders' interests[50] - The audit committee, established on May 23, 2016, includes two independent non-executive directors and has reviewed the unaudited financial statements for the twelve months ending December 31, 2022, confirming compliance with applicable accounting standards and GEM listing rules[54] - The company has committed to corporate governance practices as outlined in the GEM listing rules, despite some deviations due to the dual role of the CEO and Chairman[50] - There were no interests or conflicts of interest reported by directors or controlling shareholders in any competing businesses as of December 31, 2022[49] Stock Options and Incentives - The company has adopted a share option scheme to attract and retain employees, directors, and other participants, allowing them to share in the future growth and profits of the group[40] - The total number of stock options granted under the plan is 61,482,700, representing approximately 9.76% of the issued shares[44] - The stock options granted in 2017 have a vesting schedule where 40% vest on the grant date, 30% after one year, and 30% after two years[45] - The exercise price for the stock options is set at HKD 1.33 per share, which is above the closing price of HKD 1.31 on the grant date[44] - The maximum number of shares that may be issued upon exercise of options granted under the scheme shall not exceed 10% of the total issued shares as of the adoption date[40] - The company emphasizes the importance of its stock option plans in retaining talent and aligning interests with shareholders[79] Future Outlook - The company plans to expand its market presence in China by enhancing its video-related and broadcasting equipment offerings[63] - The company is focusing on developing new technologies and products to improve its competitive edge in the market[63] - Future guidance remains cautious due to the current financial performance metrics[79] - The company continues to monitor the impact of potential common shares on its financial performance[79] - The financial results reflect the company's ongoing strategies in managing its equity structure[79] Miscellaneous - The company has undergone a change in its fiscal year-end from December 31 to March 31, effective from December 30, 2022[64] - The company reported a foreign exchange loss of RMB 11,648 thousand for the year ended December 31, 2022[57] - The company has not reported any new product developments or market expansions in this period[79] - There were no acquisitions or mergers announced during this reporting period[79] - The company is actively seeking suitable candidates to fill the vacancy of independent non-executive director within three months from January 3, 2023, to comply with GEM listing rules[51]

Financial Performance - The company recorded revenue of RMB 249.7 million for the fiscal year ending December 31, 2021, a decrease of 20.0% compared to RMB 312.0 million for the fiscal year ending December 31, 2020[7]. - The company incurred a loss of RMB 102.8 million in the fiscal year 2021, compared to a loss of RMB 69.1 million in the fiscal year 2020[13]. - The decline in revenue was primarily due to television stations slowing down program upgrades influenced by internet video media[17]. - The company does not recommend the payment of dividends for the fiscal year 2021, consistent with no dividends in 2020[14]. - Sales cost decreased by 21.0% from RMB 258.2 million in 2020 to RMB 204.0 million in 2021 due to reduced revenue[18]. - Gross profit fell by 15.2% from RMB 53.8 million in 2020 to RMB 45.6 million in 2021, while gross margin increased from 17.2% to 18.3%[19]. - Other income decreased by 50.8% from RMB 62.0 million in 2020 to RMB 30.5 million in 2021, primarily due to a decline in software tax rebates and government subsidies[20]. - The company recorded a loss before tax of RMB 102.8 million in 2021, compared to a loss of RMB 61.6 million in 2020[26]. Business Strategy and Development - The company plans to continue developing and investing in innovative products and services to enhance its core digital video technology[8]. - The company aims to optimize and improve existing product performance while reducing costs[8]. - The company is exploring potential business opportunities to expand revenue sources and enhance shareholder value[8]. - The company may consider asset sales, acquisitions, business rationalization, and diversification to enhance long-term growth potential[15]. - The company is committed to reviewing its business activities to formulate future development plans and strategies[15]. - The company aims to become a leading integrated digital video technology, services, and media company in China, focusing on expanding its customer base and market share[46]. - The company plans to enhance its service business to create recurring high-profit revenue streams, transitioning its CreaStudio service to co-produce entertainment media content with media rights holders[49]. - The company intends to continue developing and investing in innovative products and services, particularly by strengthening partnerships with telecom operators like China Mobile and China Unicom[50]. - The company is looking for strategic investment and acquisition opportunities to enhance its solutions, services, and product offerings, particularly in advanced digital video technology and smaller domestic competitors with niche customer bases[52]. Human Resources and Employment - As of December 31, 2021, the company employed 530 full-time employees and 40 temporary workers, a decrease from 619 full-time employees and 36 temporary workers in 2020[44]. - Total employee compensation expenses for 2021 were approximately RMB 923 million, down from RMB 1,036 million in 2020[44]. - The total number of employees is 564, with 409 males and 155 females[129]. - Employee turnover rate is 75% for males and 25% for females, with 49% for those under 30 years old[130]. - The company emphasizes the importance of employee training and development for long-term success[131]. - The company has not encountered any significant legal or regulatory non-compliance issues regarding employment and labor practices during the reporting period[124]. - The company is committed to providing a safe and healthy work environment, adhering to relevant occupational health and safety laws[126]. - The company has established high standards for health and safety across all work locations[126]. - The company promotes equal employment opportunities and does not tolerate discrimination or harassment[128]. - The company has implemented measures to ensure a harmonious and fair working environment for all employees[128]. Corporate Governance - The management team includes experienced professionals with backgrounds in technology and finance, enhancing the company's strategic direction[66]. - The company has confirmed that none of the directors have held any positions in other listed companies in the past three years, ensuring focused governance[67]. - The management team includes a Chief Technology Officer who has been with the company since 2008, indicating stability in technical leadership[72]. - The company has a strong emphasis on audit and financial management, with independent directors holding key positions in audit committees[66]. - The company has maintained a consistent leadership structure with experienced executives, which may contribute to its operational effectiveness[68]. - The company has adopted a board diversity policy to enhance performance quality, considering various measurable aspects such as gender, age, and professional experience[82]. - The board consists of three executive directors and three independent non-executive directors, ensuring a balance of power and adequate oversight for shareholder interests[90]. - The company has confirmed the independence of all independent non-executive directors according to GEM Listing Rules, ensuring compliance with governance standards[92]. - The chairman and CEO roles are currently held by the same individual, which the board believes enhances operational efficiency despite deviating from governance code recommendations[90]. - The company has established measurable targets for board diversity and reviews its composition annually to ensure effectiveness[85]. - The board has been satisfied with the effectiveness of its corporate governance policies and practices[79]. - The company has received annual confirmations of independence from its independent non-executive directors, reinforcing its governance framework[92]. - The board of directors has established three committees: the Remuneration Committee, the Nomination Committee, and the Audit Committee, to oversee specific areas of the company's affairs[98]. - The Remuneration Committee reviewed the remuneration of directors and senior management during the fiscal year 2021 and deemed it fair and reasonable[99]. - The Nomination Committee evaluated the composition and independence of the board and reviewed the policies and procedures for the nomination and appointment of new directors during the fiscal year 2021[100]. - The Audit Committee reviewed the consolidated financial statements for the fiscal year 2021 and confirmed that they were prepared in accordance with applicable standards and regulations[103]. - The company held six board meetings in 2021 to discuss operational performance, while the Audit, Remuneration, and Nomination Committees held four, one, and one meetings respectively[104]. - The company has implemented appropriate insurance arrangements for directors and senior management against legal claims arising from their duties[96]. - All directors participated in training programs organized by the company during the fiscal year 2021 to enhance their knowledge and skills[97]. - The company encourages continuous professional development for all directors to better serve the company[97]. - The Audit Committee ensures that employees can confidentially report any concerns regarding financial reporting or internal controls[103]. - The company adheres to the GEM Listing Rules regarding the composition and responsibilities of the Audit Committee, ensuring at least one member has appropriate professional qualifications[103]. - The board is responsible for the overall effectiveness of the risk management and internal control systems[112]. - The company emphasizes the importance of integrity and respect in employee conduct, with specific operational procedures outlined in departmental manuals[113]. - The remuneration policy for directors and senior management is based on their experience, industry knowledge, and the company's performance[106]. - The company aims to ensure shareholders and potential investors receive timely and unbiased information[117]. Environmental and Social Responsibility - The company aims to integrate sustainable development policies and strategies into all aspects of its business[121]. - The group generated carbon emissions of 8.44 tons from vehicle usage during the reporting period[136]. - The total electricity consumption of the group was 584,053 kWh during the reporting period[139]. - The group produced minimal non-hazardous waste, primarily household waste and waste paper, with no significant hazardous waste generated during the reporting period[137]. - The group has implemented energy-saving measures, including maintaining indoor temperatures between 25 to 26 degrees Celsius[138]. - The group has established a whistleblowing system for employees to report misconduct or suspicious transactions confidentially[134]. - The group strictly adheres to anti-corruption policies, with no corruption lawsuits filed against the group or its employees during the reporting period[133]. - The group has not encountered any issues regarding water source acquisition during the reporting period[141]. - The group has taken measures to ensure compliance with environmental protection laws, with no incidents of non-compliance reported during the year[135]. - The group respects and protects intellectual property rights, actively taking measures to safeguard its trademarks and other intellectual property[146]. - The group has developed policies to manage and protect customer data, ensuring the integrity and security of personal information[147]. - The company emphasizes the importance of managing environmental and social risks in its supply chain[148]. Shareholder Information - Major shareholders include Mr. Zheng Fushuang with 214,278,278 shares, representing approximately 33.99% of the company's equity[171]. - Eagle Eyes Investment Limited and its affiliates hold 98,098,000 shares, accounting for about 15.56% of the company's equity[171]. - The company has adopted a dividend policy that considers operational performance, cash flow, and financial conditions before declaring dividends[158]. - The company's distributable reserves as of December 31, 2021, amount to RMB 237,699,000, down from RMB 296,689,000 in 2020[162]. - The largest supplier accounts for 16.9% of the total purchases, while the top five suppliers together account for 50.8%[165]. - The largest customer contributes 10.0% of total sales, with the top five customers accounting for 31.3%[165]. - The company maintains sufficient public float as per GEM listing rules[155]. - The company has not purchased, sold, or redeemed any of its listed securities during the year[160]. - The company has not entered into any significant management contracts during the reporting period[163]. - The company has not made any charitable or other donations during the year ended December 31, 2021[191]. - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the fiscal year 2021[200]. - There are no specific plans for significant investments or capital assets as of December 31, 2021[199]. - The company has complied with all code provisions throughout 2021, with the exception of the chairman and CEO roles being held by the same individual, which the board believes enhances operational efficiency[197].

香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所 」）GEM （「GEM」）的特色 GEM乃為較其他聯交所上市公司帶有高投資風險的公司 提供一個上市的市場。有意投資的人士應了解投資於該 等公司的潛在風險，並應經過審慎周詳的考慮後方作出 投資決定。GEM的較高風險及其他特色表示 GEM較適 合專業及其他資深投資者。 由於 GEM上市公司新興的性質使然，在 GEM買賣的證 券可能會較於聯交所主板買賣的證券承受較大的市場波 動風險，同時無法保證在GEM 買賣的證券會有高流通量 的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司 對本報告的內容概不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示概不就因本報告全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔 任何責任。 本報告載有遵照聯交所GEM證券上市規則（「GEM上市 規則」）而提供的詳情，旨在提供中國數字視頻控股有限 公司（「本公司」）之資料，本公司董事（「董事」）對本報告 共同及個別承擔全部責任。董事在作出一切合理查詢後 確認，就彼等所深知及確信，本報告所載資料在所有重 大方面均屬準確完整，並無誤導或欺詐成分，亦無遺漏 任何 ...