最近一个月来，华美乐乐累计跌幅15.62%，今年来累计跌幅18.18%，跑输恒生指数17.85%的涨幅。 财务数据显示，截至2024年12月31日，华美乐乐实现营业总收入8472.71万元，同比增长70.28%；归母 净利润-925.39万元，同比减少16.18%；毛利率-5.34%，资产负债率35.78%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 5月15日，截至港股收盘，恒生指数下跌0.79%，报23453.16点。华美乐乐（08429.HK）收报0.036港元/ 股，上涨33.33%，成交量22万股，成交额6915港元，振幅29.63%。 资料显示，华美乐乐有限公司是一间多元化营销供应链管理公司,总部位於香港。本公司在香港及中国 为客户设计、创作及制作营销及品牌推广材料及内容,服务客户涵盖国际及本地品牌拥有人,包括全球金 融机构、奢侈品牌零售商及本地零售连锁店等。自一九九零年代末成立业务以来,至今已在营销及品牌 推广印刷材料的项目管理及制作方面累积逾18年经验。本公司不断拓展本公司的营销或品牌推广创意内 容制作业务,於二零一三年起开始从事新兴数字媒体形式的内容制作,二零一四年拓展至视频形式, ...

Financial Performance - The company reported a total revenue of HKD 91.5 million for the year ending December 31, 2024, representing a 70.3% increase compared to the previous year[12] - Revenue from content media and experiential business surged by 249.4% due to the successful hosting of ComplexCon Hong Kong, attracting over 30,000 participants, with 55% coming from outside Hong Kong[12] - The marketing production services revenue declined by 3.5% to HKD 36.7 million, impacted by changes in consumer behavior and economic uncertainties[13] - The company incurred a net loss of HKD 10.3 million, a 70% increase in losses attributed to significant upfront investments for hosting ComplexCon[12] - The group's revenue increased by approximately 70.3% to about HKD 91.5 million in 2024, compared to HKD 53.7 million in 2023[14] - Revenue from marketing production decreased by approximately 3.5% to about HKD 36.7 million, while revenue from content media and experiential services surged by approximately 249.4% to about HKD 54.8 million[15] - Other income, profit, and loss net increased by approximately 6,652.8% to about HKD 29.9 million, primarily due to an increase in government subsidies[16] Operational Challenges - The Hong Kong economic environment remains challenging, affecting consumer sentiment and key client sectors such as retail and insurance[13] - Outsourcing project costs rose by approximately 360.6% to about HKD 94.0 million, driven by the ComplexCon Hong Kong event[17] - The group recorded a loss of approximately HKD 10.3 million for the year, compared to a loss of HKD 6.1 million in 2023, mainly due to costs associated with the expansion of content media and experiential services[29] - The group's current asset net value was approximately HKD 4.0 million as of December 31, 2024, down from HKD 16.0 million in 2023[31] - The debt-to-equity ratio as of December 31, 2024, was 6.6%, compared to 1.4% in 2023[31] - The group’s total liabilities as of December 31, 2024, were significantly impacted by the increase in operational costs related to new business expansions[30] Strategic Direction - The company aims to expand its entertainment and experiential business despite the short-term financial impact of necessary investments[13] - The company plans to leverage strong brand partnerships and community growth to drive sustainable long-term development[9] - The company is confident that its strategic direction aligns with evolving consumer trends, particularly the increasing demand for immersive experiences across Asia[9] Corporate Governance - The company has maintained a high level of corporate governance, emphasizing a quality board, sound internal controls, transparency, and accountability to protect shareholder interests[53] - The board has adopted the principles and code provisions of the GEM Listing Rules Appendix C1 Corporate Governance Code, establishing an audit committee, nomination committee, and remuneration committee[53] - The company has been in compliance with all code provisions of the Corporate Governance Code for the year ending December 31, 2024, except for a deviation regarding the separation of roles of the chairman and CEO[53] - The current structure has the same individual serving as both chairman and CEO, which the board believes provides strong and consistent leadership for the company's operations and management[53] - The company has a commitment to independent judgment in strategy, policy, performance, accountability, resources, and ethical standards through its independent non-executive directors[47] Management and Workforce - The company has a diverse and experienced management team, with members having over 21 years of experience in accounting and auditing, and over 27 years in finance and investment[48][49] - The company has established a compliance officer role to ensure adherence to regulatory requirements and corporate governance standards[50] - The company has a dedicated company secretary with over 13 years of experience in corporate secretarial services, ensuring compliance and governance[51] - The group employed a total of 32 full-time employees as of December 31, 2024, down from 38 in 2023[37] - Employee benefits expenses decreased by approximately 5.3% to about HKD 15.3 million, attributed to a reduction in employee numbers[22] Risk Management - The board confirmed its overall responsibility for maintaining effective risk management and internal control systems, which are designed to manage rather than eliminate risks[102] - The internal control policies cover various operational aspects, including risk assessment, financial reporting, cost management, and IT system monitoring[103] - The risk management team, composed of senior management, conducts quarterly risk identification and analysis, assessing the consequences and likelihood of risks[104] Shareholder Relations - The company encourages shareholder participation in meetings and ensures that all resolutions presented at shareholder meetings are voted on, with results published afterward[105] - The company has adopted a shareholder communication policy to ensure shareholders receive balanced and understandable information in a timely manner[110] - The board believes that the shareholder communication policy was effectively implemented and remains valid throughout the year[112] Environmental, Social, and Governance (ESG) - The company emphasizes the importance of environmental, social, and governance (ESG) factors in its operations, aiming to create long-term value for stakeholders[180] - The company has conducted a materiality assessment to identify significant factors impacting sustainable development through stakeholder communication[181] - The company has disclosed its environmental and social key performance indicators through quantification and data presentation[182] - The total electricity consumption for the Hong Kong office and warehouse in 2024 was 91,241 kWh, a decrease from 93,767 kWh in 2023, with a target to reduce energy consumption emissions by 2% in the next year[195] - The company aims to reduce paper usage by 3% in the next year, with 22.61 tons of waste paper collected for recycling in the current year, down from 25.74 tons in 2023[197] - A total of 271 old toner cartridges were collected for recycling, down from 331 in 2023, as part of the goal to achieve zero harmful waste generation[199]

Financial Performance - The company reported total revenue of HKD 91,494,000 for the year ending December 31, 2024, representing a 70.4% increase from HKD 53,730,000 in 2023[4] - Other income, profits, and losses netted HKD 29,915,000, a significant rise from HKD 443,000 in the previous year[4] - The company incurred a total loss of HKD 10,333,000 for the year, compared to a loss of HKD 6,079,000 in 2023, indicating a 69.5% increase in losses[5] - Basic and diluted loss per share increased to HKD 2.08 from HKD 1.79, reflecting a worsening financial position[5] - Total revenue for the year 2024 reached HKD 91,494,000, a significant increase of 70.4% compared to HKD 53,730,000 in 2023[18] - The company incurred a net loss of HKD 10.3 million, an increase of 70% compared to the previous year, primarily due to substantial costs associated with hosting ComplexCon Hong Kong[44] - The group recorded a loss of approximately HKD 10.3 million in 2024, compared to a loss of HKD 6.1 million in 2023, mainly due to costs from the expansion of content media and experiential services[61] Revenue Breakdown - Revenue from marketing production services was HKD 36,723,000, down 3.5% from HKD 38,056,000 in the previous year[18] - Revenue from content media and experiential business surged to HKD 54,771,000, up 248.5% from HKD 15,674,000 in 2023[18] - Revenue generated from Hong Kong customers was HKD 88,382,000, a substantial rise of 83.3% compared to HKD 48,239,000 in 2023[22] - Revenue from customers in China decreased to HKD 2,820,000 from HKD 5,326,000, reflecting a decline of 47.1%[22] - The content media and experiential business recorded a revenue growth of 249.4%, significantly contributing to the overall financial performance[43] - Revenue from marketing production decreased by approximately 3.5% to about HKD 36.7 million in 2024, compared to HKD 38.1 million in 2023[46] - Revenue from content media and experiential services increased by approximately 249.4% to about HKD 54.8 million in 2024, compared to HKD 15.7 million in 2023, driven by the ComplexCon Hong Kong event[46] Assets and Liabilities - Total assets decreased to HKD 67,370,000 from HKD 80,744,000, while total liabilities also decreased to HKD 24,103,000 from HKD 27,154,000[6] - The company's cash and bank balances fell to HKD 12,093,000 from HKD 20,514,000, indicating a liquidity challenge[6] - The company's equity attributable to owners decreased to HKD 46,188,000 from HKD 56,021,000, showing a decline in shareholder value[7] - Trade receivables decreased to 5,543 thousand HKD in 2024 from 13,026 thousand HKD in 2023, with net trade receivables at 5,390 thousand HKD[36] - The group’s total trade and other receivables, deposits, and prepayments amounted to 7,668 thousand HKD in 2024, down from 15,556 thousand HKD in 2023[36] - The group’s current asset net value was approximately HKD 4.0 million as of December 31, 2024, down from HKD 16.0 million in 2023[63] - The asset-to-liability ratio increased to 6.6% as of December 31, 2024, compared to 1.4% in 2023[63] Costs and Expenses - The company has recognized a significant increase in outsourcing project costs, which rose to HKD 93,958,000 from HKD 20,399,000, impacting overall profitability[4] - Other income, profit, and loss net increased by approximately 6,652.8% to about HKD 29.9 million in 2024, compared to HKD 0.4 million in 2023, mainly due to increased government subsidies[47] - Outsourcing project costs surged by approximately 360.6% to about HKD 94.0 million in 2024, compared to HKD 20.4 million in 2023, primarily due to costs associated with the ComplexCon Hong Kong event[49] - Employee benefits expenses decreased by approximately 5.3% to about HKD 15.3 million in 2024, compared to HKD 16.2 million in 2023, due to a reduction in employee headcount[54] - Other operating expenses increased by approximately 14.1% to about HKD 9.9 million in 2024, compared to HKD 8.7 million in 2023, primarily due to costs related to the ComplexCon Hong Kong event[58] Government Subsidies - The group received government subsidies related to cultural events totaling 30,000 thousand HKD, which were confirmed as other income during the year[25] - Other income for the group in 2024 totaled 29,915 thousand HKD, a significant increase from 443 thousand HKD in 2023, primarily due to government subsidies of 30,000 thousand HKD[24] Corporate Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2024, ensuring compliance with applicable accounting standards[76] - The board emphasizes high standards of corporate governance, maintaining a balance of power with experienced directors, including three independent non-executive directors[74] - The group has not engaged in any major investments, acquisitions, or disposals of subsidiaries during the year[70] - The group has not entered into any derivative agreements or used financial instruments to hedge foreign exchange risks during the year[65] Dividends and Shareholder Returns - The group did not declare any dividends for the current year, consistent with the previous year[32] - The board does not recommend the distribution of any final dividend for the year ending December 31, 2024, similar to the previous year[72] Employment and Workforce - The total number of full-time employees decreased to 32 as of December 31, 2024, down from 38 in the previous year[69]

SW/ISION ／ sv vision LIMITED 華美樂樂有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 股 份 代 號：8429 2024 期 報 告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資 風險。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上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之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聯交所對本報告之內容概不負責，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倚賴該等內容而引致之任何損失承擔任何責任。 華美樂樂有限公司（「本公司」，連同其附屬公司統稱「本集團」、「華美樂樂」或「我們」））董事（「董事」）共同及個 別對本報告承擔全部責任，當中包括遵照聯交所GEM證券上市規則（「GEM上市規則」）規定提供有關本公司 之資料。董事在作出一切合理查詢 ...

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之內容概不負責，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。 SV Vision Limited 華 美 樂 樂 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：8429） 截至二零二四年六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之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。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上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證 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。 華 美樂 樂 有 限公 司（「 本公 司」， 連 同 其附 屬 公司 統 稱「 本集 團」、「 華 美樂 樂」或「 我 們」））董 事（「 董 事 」）共 同 及 個 別 對 本 公 告 承 擔 全 部 責 任 ， 當 中 包 括 ...

Energy and Resource Management - Total energy consumption in 2023 was 93,767 kWh, a decrease from 96,475 kWh in 2022, representing a reduction of approximately 1.8%[17] - The company aims to reduce energy consumption emissions by 2% in the next year through various energy-saving measures[5] - Water consumption in 2022 was 197.48 cubic meters, an increase from 135.51 cubic meters in 2021, indicating a need for improved water management strategies[17] - The total amount of packaging materials used in 2022 was 16.09 tons, down from 18.39 tons in 2021, reflecting a 12.5% reduction[17] - The company generated 25.74 tons of waste paper in 2022, a decrease from 29.42 tons in 2021, showing a commitment to waste reduction[7] - The total greenhouse gas emissions in 2022 were 64.88 tons, with a target to monitor and reduce emissions further in the upcoming year[15] - The company has set a target to reduce water consumption by 2% in the next year through employee awareness and efficient water use practices[6] - The goal for paper usage is to reduce consumption by 3% in the next year, promoting double-sided printing and electronic documents[7] Employee and Workforce Management - The total number of employees in the group is 38,421, with a turnover rate of 47% in 2023, compared to 36% in 2022[31] - The employee training participation rate is 5% for males and 7% for females, with an average training hour of 2.9 hours for males and 4.3 hours for females in 2023[24] - The group has maintained a zero injury rate and zero work-related fatalities over the past three years, with no lost workdays due to injuries reported during the reporting period[23] - The group has engaged 75 suppliers in 2023, a decrease from 93 in 2022, with 96.0% of suppliers located in Hong Kong[34] - The group has implemented flexible work arrangements during extreme weather conditions to minimize risks to employees and operations[19] - The group promotes a diverse workforce and ensures no discrimination based on race, age, gender, marital status, religion, or belief[21] - The group provides competitive compensation and benefits, training, and assessment to retain talent[21] Corporate Governance and Compliance - The group has a zero-tolerance policy towards child and forced labor, ensuring compliance with applicable labor laws in Hong Kong and China[30] - The group conducts annual evaluations of suppliers to ensure compliance with operational standards and terminates contracts if violations are found[34] - The company has implemented strict quality control measures for customer satisfaction, ensuring that all creative designs and important documents meet standards and client requirements[35] - The company is committed to maintaining high standards of corporate governance and compliance, as evidenced by the roles of its compliance officer and various committees[166] - The company has a strong governance structure with a diverse board comprising executive, non-executive, and independent directors, enhancing strategic oversight and accountability[168] Customer Engagement and Satisfaction - A systematic mechanism is in place to handle customer complaints, with immediate reporting to senior management and corrective actions taken to prevent recurrence[39] - No products were recalled during the year due to safety and health reasons, and there were no significant complaints from customers that adversely affected the business[39] - The project management information system "Icicle Hub" randomly sends customer satisfaction surveys to collect feedback for evaluation and improvement[39] - The marketing production team conducts quality checks on client-provided artwork before mass printing, ensuring high standards are maintained[35] - The company has established a monthly review meeting to discuss reported incidents and corrective measures, aiming for continuous improvement in service quality[36] Financial Performance and Position - For the year ended December 31, 2023, the group's revenue decreased by approximately 10% compared to the previous year, primarily due to challenges in the content media industry[95] - The group reported a net loss of HKD 8,601,000 for the year ended December 31, 2023, compared to a loss of HKD 6,079,000 in the previous year[181] - The company reported a current ratio of 1.4% as of December 31, 2023, compared to 5.5% in 2022, indicating a significant decline in liquidity[150] - The total comprehensive loss for the year amounted to HKD 6,216,000, up from HKD 3,418,000 in 2022, reflecting a worsening financial position[138] - The company's net current assets were approximately HKD 16.02 million, down from HKD 18.87 million in the previous year, representing a decline of 15.1%[150] - The company incurred a tax expense of HKD 221, compared to HKD 360 in the previous year, reflecting a decrease in tax liabilities[138] - The company aims to improve its financial performance through strategic planning and operational adjustments in the coming year[181] Business Development and Market Strategy - The company has made significant progress in developing new business lines in media, entertainment, and e-commerce since the strategic plan was proposed in 2022[64] - The company plans to host the first Asian version of ComplexCon in the first quarter of next year, expecting to attract over 30,000 guests from Asia and around the world[41] - The company is currently in an investment phase, preparing for long-term sustainable growth despite being in the early stages of development[65] - The company aims to provide carefully curated events throughout Asia to engage the increasing audience base[65] - The company plans to leverage its iconic creative IP programs and partnerships with influential brands and individuals to expand its community and social media influence in 2024[91] Subsidiaries and Investments - As of December 31, 2023, the company holds a 100% equity interest in several subsidiaries, including Ice Snow Production Limited and Ice Snow Printing Management Limited[189] - The company has established a new subsidiary, SV Two Live (HK) Limited, which commenced operations in Hong Kong in August 2023[192] - The company has a 30.6% effective interest in SV One LLC, which focuses on creating and producing original television content in the United States[192] - The company’s subsidiary, WB Game Changer Limited, was dissolved during the year, with no gain or loss recognized in the current year’s profit or loss[193] Operational Efficiency and Cost Management - Employee benefits expenses remained relatively stable at approximately HKD 16.2 million[109] - Other operating expenses decreased by approximately 16.2% to about HKD 8.7 million, down from HKD 10.4 million in 2022, mainly due to reduced consulting and legal expenses in the content media business[113] - Financial costs decreased significantly to HKD 111, down from HKD 233, indicating improved financial management[138] - The company has allocated resources towards the development of new products and technologies to drive future growth[181]

Financial Performance - The total revenue for the year ended December 31, 2023, was HKD 53,730,000, a decrease of 9.7% from HKD 59,646,000 in 2022[5] - The net loss for the year was HKD 6,079,000, compared to a net loss of HKD 2,939,000 in the previous year, representing an increase in loss of 106.5%[6] - Basic and diluted loss per share was HKD 1.79, up from HKD 0.93 in 2022, indicating a significant increase in per-share losses[6] - Total comprehensive loss for the year amounted to HKD 6,216,000, compared to HKD 3,418,000 in 2022, reflecting a 81.8% increase in comprehensive losses[6] - The company reported a comprehensive loss of HKD 8,738,000 for the year, which includes a loss of HKD 8,601,000 from operations[11] - The group reported a net loss before tax of HKD 16,154,000 in 2023, slightly down from HKD 16,165,000 in 2022[30] - The group recorded a loss of approximately HKD 6.1 million (2022: HKD 2.9 million) primarily due to costs associated with the expansion of the content media business[74] Assets and Liabilities - Non-current assets decreased to HKD 37,567,000 from HKD 41,471,000, a decline of 9.4%[8] - Current assets increased to HKD 43,177,000 from HKD 35,242,000, representing a growth of 22.6%[8] - The company's total equity decreased to HKD 53,444,000 from HKD 59,660,000, a reduction of 10.4%[9] - The total equity as of December 31, 2023, is HKD 59,660,000, a decrease from HKD 63,078,000 in the previous year, reflecting a loss of HKD 4,445,000 for the year[11] - The retained earnings decreased to HKD (12,832,000) as of December 31, 2023, compared to HKD (4,231,000) in the previous year[11] - The company’s total liabilities increased to HKD 18,364,000 in 2023 from HKD 12,864,000 in 2022, an increase of approximately 42.5%[43] Revenue Breakdown - Marketing production revenue increased to HKD 38,056,000 in 2023 from HKD 37,494,000 in 2022, representing a growth of 1.5%[23] - Content media business revenue decreased to HKD 15,674,000 in 2023 from HKD 22,143,000 in 2022, a decline of 29.2%[23] - Revenue from Hong Kong customers increased significantly to HKD 48,239,000 in 2023 from HKD 36,365,000 in 2022, a growth of 32.6%[27] - Revenue from Chinese customers decreased to HKD 5,326,000 in 2023 from HKD 22,505,000 in 2022, a decline of 76.3%[27] Expenses and Costs - Employee benefits expenses remained stable at HKD 16,154,000 compared to HKD 16,165,000 in the previous year, showing a slight decrease of 0.1%[5] - The cost of materials and supplies decreased by approximately 20.4% to about HKD 3.2 million (2022: HKD 4.0 million) despite an increase in marketing production services[62] - Depreciation and amortization expenses increased by approximately 14.0% to about HKD 4.8 million (2022: HKD 4.2 million) due to the full-year depreciation of several properties, plants, and equipment[65] - Transportation costs decreased by approximately 30.1% to about HKD 4.3 million (2022: HKD 6.2 million) despite an increase in marketing production services[70] - Other operating expenses decreased by approximately 16.2% to about HKD 8.7 million (2022: HKD 10.4 million) mainly due to reduced consulting and legal expenses[71] Cash Flow and Management - Cash and bank balances improved to HKD 20,514,000 from HKD 16,988,000, an increase of 20.0%[8] - The company’s cash flow management strategy appears to be focused on maintaining liquidity amid fluctuating receivables and payables[41] Corporate Governance and Future Plans - The audit committee, consisting of three independent non-executive directors, has reviewed the financial statements for the year ending December 31, 2023, ensuring compliance with applicable accounting policies and regulations[95] - The company has adopted a code of conduct for directors regarding securities trading, confirming compliance by all directors for the year ending December 31, 2023[92] - The group anticipates maintaining the current recovery trajectory in economic growth in Hong Kong and China, with a focus on enriching experiential services and exploring emerging markets in the Asia-Pacific region[53] - The group is set to host the first Asian edition of ComplexCon in the first quarter of 2024, expected to attract over 30,000 guests from Asia and beyond[52] Employee and Management Information - The group employed a total of 38 full-time employees, a decrease from 42 in 2022[84] - The compensation for key management personnel totaled HKD 5.879 million in 2023, down from HKD 7.462 million in 2022[49] - The board believes that the dual role of the chairperson and CEO held by Ms. Hu Chen is beneficial for the group's business operations and management[91]

Financial Performance - For the three months ended September 30, 2023, the company reported revenue of HKD 14,696,000, a decrease of 20.0% compared to HKD 18,488,000 for the same period in 2022[10] - The company incurred a loss before tax of HKD 2,829,000 for the three months ended September 30, 2023, compared to a profit of HKD 141,000 in the same period of 2022[10] - Total comprehensive loss for the three months ended September 30, 2023, was HKD 2,853,000, compared to a loss of HKD 21,000 for the same period in 2022[11] - The basic and diluted loss per share for the three months ended September 30, 2023, was HKD (0.58), compared to HKD 0.01 for the same period in 2022[11] - For the nine months ended September 30, 2023, the company reported total revenue of HKD 38,216,000, a slight decrease of 3.4% from HKD 39,552,000 in the same period of 2022[10] - The company experienced a loss of HKD 9,107,000 for the nine months ended September 30, 2023, compared to a loss of HKD 3,251,000 for the same period in 2022[11] - The company reported a total comprehensive loss of HKD 9,214,000 for the nine months ended September 30, 2023, compared to a loss of HKD 3,256,000 for the same period in 2022[19] - The company recorded a loss attributable to owners of HKD 9.1 million for the nine months ended September 30, 2023, compared to a loss of HKD 3.2 million in the same period last year, marking an increase of 180%[28][29] Revenue Breakdown - For the three months ended September 30, 2023, the company's revenue from marketing production was HKD 8,678,000, a decrease of 25.5% compared to HKD 11,563,000 in the same period of 2022[19] - The content media business generated revenue of HKD 6,018,000 for the three months ended September 30, 2023, down 13.1% from HKD 6,925,000 in the same period of 2022[19] - Marketing production services generated revenue of HKD 27.9 million, an increase of 4% year-on-year, accounting for 73.1% of total revenue[29][34] - The content media business reported revenue of HKD 10.3 million, a decrease of 19% year-on-year, representing 26.9% of total revenue[29][34] - The company has not reported any revenue from e-commerce for the nine months ended September 30, 2023, compared to HKD 9,000 in the same period of 2022[19] Expenses and Costs - Employee benefit expenses increased to HKD 4,379,000 for the three months ended September 30, 2023, compared to HKD 4,027,000 in the same period of 2022, reflecting a rise of 8.7%[10] - The company's financial costs decreased to HKD 24,000 for the three months ended September 30, 2023, from HKD 54,000 in the same period of 2022, indicating a reduction of 55.6%[10] - Outsourcing project costs increased by approximately HKD 3.0 million (23.3%) to about HKD 16.0 million, up from HKD 13.0 million in 2022, mainly due to rising costs in marketing production services and media operations[37] - Employee benefits expenses rose by approximately HKD 1.7 million (14.7%) to about HKD 13.5 million, compared to HKD 11.8 million in 2022, driven by the expansion of content media operations[39] - Transportation costs decreased by approximately HKD 1.0 million (22.4%) to about HKD 3.6 million, down from HKD 4.6 million in 2022, as increased projects were produced by suppliers[43] - Other operating expenses decreased by approximately HKD 0.5 million (6.6%) to about HKD 6.6 million, compared to HKD 7.0 million in 2022, mainly due to reduced consulting and legal fees related to content media operations[44] Assets and Equity - The company's total equity as of September 30, 2023, was HKD 50,446,000, down from HKD 63,078,000 as of January 1, 2022[13] - The group's current assets net value was approximately HKD 11.8 million as of September 30, 2023, down from HKD 18.9 million on December 31, 2022[48] - The asset-to-liability ratio as of September 30, 2023, was 3.0%, compared to 5.5% on December 31, 2022[48] Governance and Management - The company has established an audit committee, nomination committee, and remuneration committee, clearly defining their respective roles and responsibilities[79] - The board emphasizes high-quality governance, internal controls, transparency, and accountability to protect shareholder interests, adhering to the GEM Listing Rules[79] - The audit committee, consisting of three independent non-executive directors, oversees financial reporting systems and internal controls, ensuring compliance with applicable laws and regulations[83] - The company has maintained a strong leadership structure, with the same individual serving as both Chairperson and CEO, which the board believes enhances effective management[80] - The board includes experienced individuals, with three independent non-executive directors ensuring a balance of power within the board[80] - The company has committed to maintaining high levels of corporate governance, aligning with the principles outlined in the GEM Listing Rules[79] Shareholder Information - As of September 30, 2023, Hu Chen De Zi holds 283,920,000 shares, representing 59.15% of the company's equity[62] - Hu Jian Bang, spouse of Hu Chen De Zi, holds 286,260,000 shares, representing 59.64% of the company's equity[68] - Explorer Vantage Limited, wholly owned by Hu Chen De Zi, holds 283,920,000 shares, representing 59.15% of the company's equity[68] - Mirousky Limited, fully owned by De Jun Asia Limited, holds 34,850,000 shares, representing 7.26% of the company's equity[68] - The company has not granted any stock options under the stock option plan since its adoption on November 16, 2017[71] - No director or senior management has reported any interests in shares or related securities of the company as of September 30, 2023[70] - The company has not received any disclosures from individuals regarding interests in shares or related securities as of September 30, 2023[70] Future Outlook - The company is actively negotiating a large experiential marketing project expected to be secured in the fourth quarter[29] - The company plans to continue investing in stronger experiential products and explore high-growth market opportunities in the Asia-Pacific region[30] - The company has maintained a larger team in China to meet the growing demand for year-end experiential activities, impacting operational costs[29]

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之內容概不負責，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倚賴該等內容而引致之任何損失 承擔任何責任。 SV Vision Limited 華 美 樂 樂 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8429） 截至二零二三年九月三十日止九個月的 未經審核第三季度業績公告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的 公司帶有較高投資風險。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上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證 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。 華美樂樂有限公司（「本公司」，連同其附屬公司（「本集團」或「我們」））董事（「董事」）共同及 個別對本公告承擔全部責任，當中包括遵照聯交所GEM證券上市規則（「GEM上市規則」）規 定提供有關本公司之資料。董事在作出一切合 ...

Financial Performance - For the six months ended June 30, 2023, the company reported revenue of HKD 23,520,000, an increase of 11.6% compared to HKD 21,064,000 for the same period in 2022[10] - The company incurred a loss before tax of HKD 6,222,000 for the six months ended June 30, 2023, compared to a loss of HKD 3,152,000 for the same period in 2022, representing a 97.8% increase in losses[10] - The total comprehensive loss for the six months ended June 30, 2023, was HKD 6,361,000, up from HKD 3,235,000 in the same period of 2022, indicating a 96.5% increase in total losses[12] - The company reported a basic and diluted loss per share of HKD 1.31 for the six months ended June 30, 2023, compared to HKD 0.67 for the same period in 2022, indicating a 95.5% increase in loss per share[12] - The company reported a net loss of HKD 6,274,000 for the period, compared to a loss of HKD 3,221,000 in the previous year[18] - The group recorded a loss of approximately HKD 6.3 million for the six months ended June 30, 2023, compared to a loss of HKD 3.3 million in the previous year, representing a 92% increase in losses[72] Revenue Breakdown - Marketing production revenue increased to HKD 19,263,000 from HKD 15,269,000, a growth of 26.3% year-over-year[27] - Revenue from Hong Kong for the six months ended June 30, 2023, was HKD 19,870,000, up from HKD 14,205,000, reflecting a growth of 40.5%[29] - Content media business revenue decreased by approximately 26.4% to about HKD 4.3 million, attributed to slower recovery in mainland China[63] - Total revenue for the six months ended June 30, 2023, was approximately HKD 23.5 million, up from HKD 21.1 million in the previous year, marking an increase of about HKD 2.5 million (11.7%)[62] Expenses and Costs - Employee benefit expenses rose to HKD 9,152,000 for the six months ended June 30, 2023, compared to HKD 7,774,000 in 2022, reflecting an increase of 17.7%[10] - The company’s total operating expenses for the six months ended June 30, 2023, were HKD 26,000,000, an increase from HKD 22,000,000 in 2022, indicating an increase of 18.2%[10] - The cost of outsourced projects increased to HKD 8,701,000 for the six months ended June 30, 2023, compared to HKD 6,405,000 in 2022, representing a 36.0% increase[10] - Rental expenses increased by approximately HKD 0.3 million (30.7%) to about HKD 1.2 million, primarily due to the expansion of office space for the content media business in China[68] Assets and Liabilities - Total assets decreased from HKD 60,341,000 to HKD 53,540,000, a decline of approximately 11.3%[15] - Cash and cash equivalents decreased from HKD 18,571,000 to HKD 8,560,000, representing a reduction of about 53.9%[16] - Current liabilities decreased from HKD 16,372,000 to HKD 11,925,000, a reduction of approximately 27.0%[15] - Total equity attributable to owners decreased from HKD 64,759,000 to HKD 58,426,000, a drop of approximately 9.9%[18] - The net amount of trade receivables as of June 30, 2023, was HKD 10,505,000, down from HKD 18,142,000 as of December 31, 2022, reflecting a 42% decrease[45] Cash Flow - Net cash used in operating activities was HKD 165,000, compared to a cash generation of HKD 1,738,000 in the previous year, indicating a significant decline[16] - The company incurred cash outflows from investing activities amounting to HKD 6,476,000, compared to HKD 35,925,000 in the previous year[16] - The company’s cash flow from financing activities showed a net outflow of HKD 1,539,000, compared to HKD 3,462,000 in the previous year[16] Corporate Governance - The company emphasizes high standards of corporate governance, maintaining a strong and capable board[100] - The company has established an audit committee, nomination committee, and remuneration committee as per GEM listing rules[100] - The audit committee has been established in accordance with GEM listing rules and consists of three independent non-executive directors[103] - The audit committee's main responsibilities include reviewing and supervising the financial reporting system and internal control procedures[103] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[10] - The group plans to continue investing in Greater China to enhance experiential services while exploring diversification in other markets within the Asia-Pacific region[60] - The group aims to adapt to changing market demands by implementing changes made at the beginning of the year[60]