股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 有線寬頻通訊有限公司 | | | 呈交日期: | 2025年8月4日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01097 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 7,134,623,520 | | 0 | | 7,134,623,520 | | 增加 / 減少 ...

Group 1 - The stock price of Cable Broadband (01097) increased by 15.38% on August 1, reaching HKD 0.06 per share with a trading volume of HKD 2.1016 million [1] - Cable Broadband Communications Limited is a comprehensive telecommunications service provider in Hong Kong, offering services such as television, broadband internet, telecommunications, and multimedia, serving over 2 million households [1] - The company is also a significant producer of television and multimedia programs in Hong Kong, focusing on high-quality content in news, information, sports, and entertainment, distributed through traditional and new media platforms [1] Group 2 - As of the 2024 annual report, Cable Broadband reported total revenue of HKD 541 million and a net loss of HKD 512 million [2]

Financial Performance - For the six months ended June 30, 2021, the company's revenue was approximately HKD 524.9 million, a slight decrease from HKD 493.5 million in the same period last year[34]. - The company's revenue for the six months ended June 30, 2021, decreased by approximately HKD 32 million or 6% to about HKD 493 million, compared to HKD 525 million for the same period in 2020[50]. - The overall revenue for the group in the first half of 2021 was HKD 493,483,000, down from HKD 524,893,000 in the first half of 2020[200]. - The media segment's revenue declined by approximately 13% to about HKD 289 million, down from HKD 334 million in the same period last year, primarily due to a decrease in subscriber income[55]. - The telecommunications segment's revenue increased by approximately 7% to about HKD 204 million, compared to HKD 191 million for the same period in 2020[56]. - The group reported a loss before interest and tax of HKD 175,216,000 for the period[200]. - The company reported a total comprehensive loss of HKD 175,256,000 for the six months ended June 30, 2021, compared to a loss of HKD 176,428,000 in the same period of 2020, indicating a slight improvement of 0.66%[112]. Operating Expenses and Losses - Operating expenses decreased from approximately HKD 680 million to HKD 648 million over the past year, reflecting effective cost control measures implemented since September 2017[26]. - The operating loss for the six months ended June 30, 2021, was approximately HKD 154 million, a slight improvement from an operating loss of HKD 155 million in the same period last year[50]. - The telecommunications segment's operating profit before depreciation and amortization decreased by approximately 7% to about HKD 81 million, compared to HKD 87 million for the same period in 2020[58]. - The media segment's operating expenses before depreciation and amortization decreased by approximately 10% to about HKD 387 million, down from HKD 429 million in the same period last year[55]. Customer and Subscriber Metrics - The number of broadband customers increased by approximately 5% compared to June 2020, contributing to a revenue increase in the telecommunications segment from HKD 191 million to HKD 204 million[27]. - The broadband subscriber base increased by approximately 5% compared to the end of June 2020, reaching around 190,000 subscribers, attributed to network upgrades and improved customer retention management[81]. - The pay-TV subscriber base decreased, leading to a decline in revenue from this segment, although advertising revenue from the Hong Kong Open TV platform improved compared to the previous year[28]. Financial Position and Debt - Total assets increased to HKD 1,663.8 million from HKD 1,608.3 million, while total liabilities rose from HKD 1,243.1 million to HKD 1,329.3 million[34]. - The net debt-to-equity ratio increased to 179% from 136% year-on-year, indicating a rise in financial leverage[35]. - The company's total equity decreased from HKD 365,167,000 as of December 31, 2020, to HKD 334,521,000 as of June 30, 2021, a decline of about 8.39%[124]. - Total liabilities increased from HKD 1,243,113,000 as of December 31, 2020, to HKD 1,329,279,000 as of June 30, 2021, reflecting an increase of approximately 6.93%[124]. - Current liabilities exceeded current assets by over HKD 256 million as of June 30, 2021, compared to HKD 413 million as of December 31, 2020[153]. Strategic Initiatives and Future Plans - The company has implemented new sales and marketing strategies to enhance broadband service retention and has upgraded its network to provide high-speed GPON services[41]. - The company plans to enhance its fiber network and explore opportunities in 5G mobile communication, aiming to increase new subscriber numbers through cross-selling to existing customers[96]. - The company plans to continue investing in property, plant, and equipment, and will explore market expansion opportunities to enhance profitability and shareholder returns[86]. - The company will begin deploying 10G GPON broadband services and offer business broadband and enterprise solutions to create new revenue streams[96]. - The company is exploring opportunities in the Greater Bay Area, collaborating with major media and operators to expand its business[94]. Cash Flow and Financing - Cash flow from operating activities showed a net outflow of HKD 41.1 million, a significant decrease from a net inflow of HKD 5.6 million in the previous year[146]. - The company generated HKD 200 million from issuing convertible bonds, with net cash from financing activities amounting to HKD 168 million[146]. - The company has received ongoing financial support from its major shareholder, which holds approximately 43.2% of the company's shares[158]. - Cash flow forecasts indicate that the company will have sufficient working capital to meet its financial obligations over the next twelve months[158]. Market and Competitive Landscape - The advertising revenue from pay-TV has decreased due to intensified competition from multimedia platforms, impacting overall performance in this segment[40]. - The company continues to focus on diversifying its service offerings to retain broadband customers and improve overall market competitiveness[41]. - The company will closely monitor and review expenditures on content development and new media to maintain competitiveness[97]. Risk Management - The group faces various financial risks, including market risk, credit risk, and liquidity risk, with no changes in risk management policies since December 31, 2020[171]. - A sensitivity analysis indicated that a 1% increase or decrease in the investment prices of financial assets measured at fair value would result in a loss reduction or increase of approximately HKD 157,000 for the period[175]. - The fair value of long-term convertible bonds would decrease by approximately HKD 2,600,000 and HKD 455,000 if the company's stock price increased or decreased by HKD 0.01, respectively[175].

Financial Performance - The company’s revenue for the year ended December 31, 2020, decreased by approximately HKD 92 million or 8% to about HKD 1,069 million, compared to HKD 1,161 million in 2019[125]. - Service costs for the same period decreased by approximately HKD 172 million to about HKD 1,012 million, with production costs and network expenses decreasing by approximately 20% and 8% respectively[125]. - The company reported an operating loss of approximately HKD 234 million, an improvement of about 36% compared to an operating loss of HKD 364 million in 2019[125]. - Net loss for the year was approximately HKD 275 million, compared to HKD 397 million in 2019, with basic and diluted loss per share of approximately HKD 0.039[126]. - Revenue from the media segment decreased by approximately 13% to about HKD 656 million due to a decline in subscriber income[128]. - The telecommunications segment's revenue increased by approximately HKD 4 million to about HKD 413 million, with operating profit before depreciation increasing by about 4% to approximately HKD 172 million[131]. - As of December 31, 2020, the company's cash and bank balances were approximately HKD 157 million, down from HKD 242 million in 2019[132]. - The net asset liability ratio increased to approximately 136% from 68% in 2019, indicating a rise in debt proportion[132]. - The company's total net assets decreased by approximately 43% to about HKD 365 million compared to HKD 640 million in 2019[132]. - The group reported a total compensation and related expenses of approximately HKD 403 million for the year ended December 31, 2020, down from HKD 529 million in 2019[153]. Subscriber Trends - The company recorded a decrease in cable TV subscribers from 772,000 in December 2019 to 736,000 in December 2020, reflecting a decline of approximately 4.67%[19]. - Broadband service subscribers increased by about 13% from 175,000 in December 2019 to 197,000 in December 2020, attributed to effective sales and marketing strategies[20]. - The broadband subscriber base increased by approximately 13% from about 175,000 as of December 31, 2019, to about 197,000 as of December 31, 2020[154]. Operational Strategies - The company is actively pursuing restructuring plans, including cost-saving measures and new program launches, to improve profitability[18]. - The operational strategy focuses on producing quality programs and enhancing service levels to drive business performance and revenue growth[40]. - The company aims to leverage the opportunities presented by the 5G network era to create new revenue streams through enhanced communication services[18]. - The company aims to strengthen partnerships with telecommunications operators to enhance network coverage and provide B2B services, which will be a key focus for future development[11]. - The company is committed to enhancing customer service, developing new media, and improving high-speed broadband services to boost competitiveness[166]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an Environmental, Social, and Governance (ESG) working group to oversee ESG data collection and reporting processes[46]. - The company has identified key ESG issues, including product responsibility, employee health and safety, and supply chain management, which are critical to its operations[52]. - The company has set health and safety policies to provide a safe and healthy workplace for all employees[63]. - The company has not reported any significant incidents of legal or regulatory violations affecting its business operations during the reporting period[60]. - The company has not reported any violations of occupational safety and health regulations during the reporting period[65]. - The company has implemented various measures to enhance employee awareness of occupational safety, including annual fire drills and safety training courses[64]. - The company aims to reduce carbon emissions in its supply chain, with over 82% of suppliers based in Hong Kong[70]. - The company achieved a reduction in nitrogen oxide emissions to 0.55 tons in 2020 from 0.69 tons in 2019[77]. - Total greenhouse gas emissions decreased to 7,880 tons in 2020, compared to 8,712 tons in 2019[78]. - The company has not experienced any significant incidents related to environmental law violations during the reporting period[85]. Corporate Governance - The board of directors held four meetings during the fiscal year ending December 31, 2020, with all directors being notified at least 14 days in advance for regular meetings[185]. - Non-executive directors attended 100% of the board meetings, with attendance records showing all non-executive directors present at 4 out of 4 meetings[185]. - The company has confirmed the independence of all non-executive directors as per the listing rules, ensuring they can provide appropriate guidance to the group[181]. - The board is composed of a balanced mix of executive and non-executive directors, ensuring diverse skills and experiences to meet the group's business needs[185]. - The company has established clear distinctions between the responsibilities of the board and senior management, with strategic policy decisions reserved for the board[181]. - The company has implemented appropriate reporting formats for interim reports, annual reports, and other relevant documents to provide a balanced assessment of performance and outlook[181]. - The company’s governance practices include regular updates to directors on their responsibilities and the group's management and business activities[181]. - The board has a policy for the rotation and re-election of non-executive directors every three years, ensuring accountability and fresh perspectives[189]. Future Plans and Opportunities - Future plans include expanding fiber optic core network coverage and enhancing services to major data centers in Hong Kong, anticipating significant demand growth in the data center business in 2021[11]. - The company aims to optimize resources through strategic partnerships and enhance its content offerings to increase overseas market revenue[28]. - The Greater Bay Area presents significant opportunities for the company, with plans to collaborate with major media and operators in the region[164]. - The company has launched the "Cable News OTT App" to expand audience reach and enhance cross-platform synergies, with new lifestyle programs set to debut in 2021[164]. - In 2021, the company anticipates increasing demand for data center services, planning to extend service coverage to major data centers and commercial buildings across Hong Kong[161].

Financial Performance - The total revenue for the six months ended June 30, 2020, was HKD 524.89 million, compared to HKD 571.88 million for the same period in 2019, indicating a decline in revenue[38]. - The group's revenue for the six months ended June 30, 2020, decreased by approximately HKD 47 million or 8% to about HKD 525 million, compared to HKD 572 million for the same period in 2019[57]. - Revenue from the media segment decreased by approximately 13% to about HKD 334,000,000 for the six months ended June 30, 2020, down from HKD 386,000,000 in 2019[61]. - Revenue from the telecommunications segment increased by approximately 3% to about HKD 191,000,000 for the six months ended June 30, 2020, compared to HKD 186,000,000 in 2019[62]. - The company reported a net loss of approximately HKD 176 million for the six months ended June 30, 2020, compared to a loss of HKD 210 million in the same period of 2019[149]. - The company reported a basic loss per share of HKD 2.5 cents, an improvement from HKD 3.3 cents in the previous year[116]. - The total comprehensive loss for the period was HKD 176,428,000, compared to HKD 209,528,000 in the previous year, showing a 15.8% improvement[119]. Operating Expenses and Losses - The operating expenses decreased from approximately HKD 770 million for the six months ended June 30, 2019, to approximately HKD 680 million for the six months ended June 30, 2020, due to effective cost control measures implemented by the company[30]. - The company reported an operating loss of HKD 155.05 million for the six months ended June 30, 2020, improved from a loss of HKD 197.91 million in the same period of 2019[38]. - The operating loss for the six months ended June 30, 2020, was approximately HKD 155 million, a reduction of about 22% compared to an operating loss of approximately HKD 198 million for the same period in 2019[57]. - The company experienced a loss of HKD 175,994,000 before tax for the six months ended June 30, 2020, compared to a loss of HKD 209,448,000 for the same period in 2019[139]. Subscriber and Customer Metrics - The number of broadband customers increased by approximately 16% in June 2020 compared to June 2019, contributing to a revenue increase in the telecommunications segment from approximately HKD 186 million to approximately HKD 191 million[32]. - The number of pay TV subscribers decreased from 786,000 in June 2019 to 754,000 in June 2020, reflecting a continued contraction in the subscriber base[43]. - The average revenue per user (ARPU) for pay TV services declined during the period, impacted by negative economic sentiment and increased market competition[43]. - The group experienced a 16% increase in broadband subscribers, reaching approximately 164,000, due to network upgrades and improved customer loyalty programs[89]. Assets and Liabilities - The total assets decreased from HKD 1,878.75 million as of December 31, 2019, to HKD 1,633.36 million as of June 30, 2020[39]. - The net asset to liability ratio increased to 121% as of June 30, 2020, compared to 68% as of December 31, 2019, indicating a higher level of debt relative to equity[39]. - The group's total net assets decreased by approximately 28% to about HKD 464,000,000 as of June 30, 2020, from HKD 640,000,000 as of December 31, 2019[66]. - As of June 30, 2020, the company's current liabilities exceeded its current assets by approximately HKD 373 million, an increase from HKD 252 million as of December 31, 2019[149]. - The company has outstanding interest-bearing loans of HKD 295 million, which are part of a total bank loan facility of HKD 400 million that requires immediate repayment[149]. Financing and Capital Expenditures - Financing costs increased by approximately HKD 10,000,000 or 83% to about HKD 22,000,000 for the six months ended June 30, 2020, compared to HKD 12,000,000 for the same period in 2019[58]. - Capital expenditures for the six months ended June 30, 2020, amounted to approximately HKD 56 million, a decrease from HKD 66 million for the same period in 2019[83]. - The company raised approximately HKD 652 million through rights issue and long-term convertible securities, with planned uses including HKD 140 million for capital expenditures[73]. - The company has approximately HKD 55 million of unutilized funds from the rights issue, intended for various investments to enhance returns[80]. Strategic Initiatives and Market Position - The company has launched new subscription packages with innovative content to enhance customer loyalty and address the competitive market environment[44]. - The group has expanded its Hong Kong core fiber network and upgraded broadcasting and network equipment to enhance transmission quality and service coverage[46]. - The group is committed to increasing core network capacity to meet new business demands and prepare for future development[46]. - The group plans to continue investing in properties, plants, and equipment to enhance profitability and shareholder returns, supported by internal cash flow and available loan facilities[93]. - The group is focusing on cost-saving plans, launching new programs and channels, and reviewing its business portfolio to improve financial performance[94]. - The group aims to capitalize on opportunities in the Greater Bay Area through partnerships with major media and operators in the region[100]. Employee Metrics - As of June 30, 2020, the group had 1,365 employees, a decrease from 1,490 employees as of June 30, 2019, with total salary and related expenses amounting to approximately HKD 229 million, down from HKD 287 million in the same period last year[88].

Financial Performance - The financial performance of i-CABLE Communications improved in 2019 compared to 2018, driven by new revenue sources from collaborations with China Mobile[16] - The company's revenue for the year ended December 31, 2019, decreased by approximately HKD 2,000,000 or 0.2% to about HKD 1,161,000,000 compared to HKD 1,163,000,000 in 2018[113] - The company's operating loss for the year ended December 31, 2019, was approximately HKD 364,000,000, a reduction of about 26% compared to an operating loss of HKD 489,000,000 in 2018[113] - Revenue from the media segment decreased by approximately 11% to about HKD 752,000,000 due to a decline in subscriber income[116] - The telecommunications segment's revenue increased by approximately HKD 89 million to about HKD 409 million for the year ended December 31, 2019, compared to HKD 320 million in 2018[117] Subscriber Trends - The number of broadband service subscribers increased during the year, while the subscriber base for pay TV continued to shrink[16] - As of December 31, 2019, the number of cable TV subscribers decreased to 772,000 from 800,000 in 2018, indicating a decline of approximately 3.5%[17] - Broadband subscribers increased to 175,000 in December 2019, up from 155,000 in December 2018, representing a growth of about 12.9%[17] - Subscriber revenue declined due to intense competition from OTT platforms and digital media, leading to a continued shrinkage of the paid TV subscriber base[148] Strategic Initiatives - The company launched the "i-CABLE News OTT App" in September 2019, providing 24-hour high dynamic range (HDR) live news and integrated video services[10] - i-CABLE secured a long-term exclusive advertising and content supply contract with MTR Corporation for in-train television from 2019 to 2023[10] - The company entered into a network development agreement with China Mobile for telecommunications services and multimedia content, aiming to capture opportunities in smart city development[11] - The company aims to expand its business in the Greater Bay Area through partnerships and collaborations, including a news center with Guangdong Radio and Television[157] - The company plans to continue investing in network upgrades and seek partnerships with leading technology providers to enhance service quality and develop new revenue streams in the 5G era[155] Advertising and Marketing - Advertising revenue from pay TV and Hong Kong Open TV increased during the year due to effective marketing campaigns[16] - The advertising revenue remained stable despite economic instability, and the company secured a multi-year exclusive advertising contract with MTR Corporation, expanding coverage from five to additional railway lines starting in 2020[21] - The company is focused on providing tailored marketing solutions to build lasting relationships with customers[14] - The company has introduced new subscription packages to enhance customer loyalty, featuring innovative content and combinations[18] Operational Efficiency - i-CABLE aims to improve operational efficiency and overall effectiveness by offering flexible and innovative services and high-quality content[14] - The group focuses on enhancing service quality to effectively meet customer needs, driving business performance and revenue growth[33] - Key strategies include investing in quality programming, infrastructure, and delivery platforms to improve service levels and convenience for customers[33] - The group aims to leverage its infrastructure and programming resources for cross-platform and international distribution[33] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report outlines the group's efforts and achievements in corporate social responsibility during the reporting period from January 1, 2019, to December 31, 2019[36] - The group has established an ESG working group to oversee critical issues and update new policies to improve sustainability strategy management[37] - Key ESG issues identified include product responsibility, employee health and safety, and supply chain management[44] - The group is committed to complying with relevant regulations, including the Broadcasting Ordinance and the Personal Data (Privacy) Ordinance[48] Employee and Workplace Safety - The total number of employees decreased from 1,714 in 2018 to 1,433 in 2019, with a notable reduction in both male and female employees[92] - The employee turnover rate in 2019 was 0.470, compared to 0.452 in 2018, indicating a slight increase in employee retention challenges[92] - The company reported a workplace injury rate of 0.0126 in 2019, an increase from 0.0087 in 2018[57] - The company has not reported any significant incidents violating occupational safety and health regulations during the reporting period[56] Financial Position and Capital Management - The group completed a rights issue on June 4, 2019, raising net proceeds of approximately HKD 84.5 million[124] - The company issued long-term convertible securities with a principal amount of HKD 568 million on June 4, 2019, with a conversion price of HKD 0.125 per share[128] - The net asset liability ratio increased to approximately 68% as of December 31, 2019, compared to 41% in 2018[118] - The group has a centralized approach to managing funds and optimizing capital cost efficiency, ensuring a balanced debt and capital financing structure[141] Governance and Compliance - The board consists of 11 members, including 1 executive director, 6 non-executive directors, and 4 independent non-executive directors[166] - The company has established an Audit Committee to oversee the integrity of financial statements and compliance with accounting standards and regulations[191] - The company ensures that all directors are subject to re-election at least once every three years at the annual general meeting[186] - The company has implemented measures to ensure compliance with accounting standards and reporting formats[169]

Financial Performance - For the six months ended June 30, 2019, the company's revenue was HKD 571.88 million, a decrease from HKD 587.47 million in the same period of 2018[16]. - The net loss for the period was HKD 209.60 million, compared to HKD 253.56 million in the previous year[16]. - The operating loss improved to HKD 197.91 million from HKD 284.19 million year-on-year, primarily due to effective cost reduction measures[16]. - Revenue for the six months ended June 30, 2019, was HKD 571,880,000, a decrease from HKD 587,468,000 in the same period of 2018, representing a decline of approximately 2.3%[148]. - The net loss for the period was HKD 209,600,000, compared to a net loss of HKD 253,563,000 in the previous year, indicating an improvement of about 17.3%[154]. - Basic loss per share was HKD 3.3, down from HKD 4.1 in the prior year, reflecting a reduction of approximately 19.5%[148]. Segment Performance - The EBITDA for the television segment reduced its loss from approximately HKD 191 million in 2018 to approximately HKD 103 million in 2019, attributed to lower program production costs[10]. - The EBITDA for the internet and multimedia segment increased from approximately HKD 56 million in 2018 to approximately HKD 72 million in 2019, driven by new revenue sources[11]. - Revenue from the television segment decreased by approximately 10% to about HKD 376,000,000, down from HKD 416,000,000 in the same period of 2018[39]. - Revenue from the internet and multimedia segment increased by approximately 19% to about HKD 186,000,000, compared to HKD 156,000,000 for the same period in 2018[40]. - EBITDA for the internet and multimedia segment increased by approximately 29% to about HKD 72,000,000, up from HKD 56,000,000 in the same period of 2018[40]. Assets and Liabilities - The total assets increased to HKD 2.26 billion from HKD 1.68 billion year-on-year, while total liabilities rose to HKD 1.44 billion from HKD 0.95 billion[16]. - The company reported a net asset to liability ratio of 17.5%, significantly improved from 41.3% in the previous year[16]. - As of June 30, 2019, the company's cash and bank balances were approximately HKD 676,000,000, compared to HKD 178,000,000 as of December 31, 2018[43]. - The company's total net assets increased by approximately 14% to about HKD 828,000,000 as of June 30, 2019, compared to HKD 724,000,000 as of December 31, 2018[43]. - Total liabilities increased to HKD 1,435,351,000 from HKD 954,055,000, representing a rise of about 50.4%[170]. Capital Expenditures and Investments - The company had a total of HKD 652,000,000 earmarked for capital expenditures and operational needs[66]. - The company reported capital expenditures of approximately HKD 66,000,000 for property, plant, and equipment for the six months ended June 30, 2019, compared to HKD 96,000,000 for the same period in 2018[119]. - The company recorded a capital expenditure of approximately HKD 199,000,000 for right-of-use assets, compared to zero for the same period in 2018[119]. - The company plans to allocate approximately HKD 350,000,000 for purchasing and producing programs, including HKD 161,000,000 for external program purchases and HKD 100,000,000 for live shows and movies[92][95]. Strategic Initiatives - The company has expanded its core network capacity and is collaborating with China Mobile Hong Kong to generate new revenue streams[21]. - The company has been awarded a contract to supply content for MTR train carriages and exclusive advertising rights, which will enhance business growth[23]. - A strategic cooperation agreement was established with China Mobile Hong Kong to develop telecommunications and value-added media services, aiming to enhance sales channels[134]. - The company plans to continue investing in properties, plants, and equipment to support business operations and enhance profitability for shareholders[130]. - The Greater Bay Area presents significant opportunities for business expansion through partnerships with major media and operators in the region[137]. Employee and Operational Metrics - As of June 30, 2019, the company had 1,490 employees, a decrease from 1,898 employees as of June 30, 2018, with total salary expenses of approximately HKD 287,000,000 for the six months ended June 30, 2019[124]. - The broadband subscriber base increased by approximately 9% to 164,000 from 150,000 in the same period last year[21]. - The broadband subscriber base increased by approximately 9% compared to 150,000 subscribers in the first half of 2018, attributed to network upgrades and improved customer loyalty programs[125]. Financial Instruments and Funding - The company raised approximately HKD 84,500,000 from a rights issue, with a subscription price of HKD 0.1 per share, representing a discount of about 13.0% to the market price[52]. - The rights issue resulted in the issuance of 928,603,364 shares, accounting for approximately 20.0% of the total shares offered[52]. - The company issued long-term convertible securities amounting to HKD 568,000,000, with a conversion price of HKD 0.125 per share, representing a premium of about 8.7% to the market price[56]. - The coupon rate for the long-term convertible securities is 2.0%, payable quarterly[56]. - The proceeds from the rights issue and convertible securities are intended to improve liquidity, strengthen capital base, and meet regulatory investment requirements[57]. Market Conditions and Challenges - The company faces intense competition in the television market, with increasing procurement costs due to exclusive content battles, impacting subscriber business[137]. - The company reported stable advertising revenue despite a decline in subscriber income due to intense competition from OTT platforms and digital media[125]. - The company will continue to seek new market opportunities and invest in content, new media development, and customer service improvements[137]. - The company aims to leverage upcoming 5G mobile networks and emerging markets in the Greater Bay Area for future growth[137]. Compliance and Reporting - The interim financial data review indicates no significant issues found in the preparation of the financial statements according to Hong Kong accounting standards[144]. - The company reported its interim financial results for the six months ending June 30, 2019, with figures presented in thousands of Hong Kong dollars[147].

Financial Performance - The company reported a decline in revenue due to intense competition from internet video and application services, particularly affecting the television segment's advertising and subscription income [8]. - The company's revenue for the year ended December 31, 2018, decreased by approximately HKD 95 million or 8% to about HKD 1,163 million, compared to HKD 1,258 million in 2017 [122]. - Operating expenses for the same period decreased by approximately HKD 50 million to about HKD 1,652 million, down from HKD 1,702 million in 2017 [122]. - The company reported an operating loss of approximately HKD 489 million for the year, an increase of about 10% compared to the operating loss of HKD 444 million in 2017 [122]. - Revenue from the television segment decreased by approximately 10% to about HKD 813 million due to declines in subscriber and advertising revenue [125]. - The EBITDA loss for the television segment was approximately HKD 302 million, compared to a loss of about HKD 270 million in 2017 [125]. - The company recorded a net loss of approximately HKD 456 million for the year, compared to a net loss of HKD 363 million in 2017 [123]. - Basic and diluted loss per share for the year was approximately HKD 0.073, compared to HKD 0.101 in 2017 [123]. - As of December 31, 2018, the group's cash and bank balances were approximately HKD 178 million, a decrease of about 69.7% from HKD 568 million in 2017 [129]. - The group's debt-to-equity ratio increased to approximately 68.4% in 2018 from 43.8% in 2017, indicating a rise in debt levels [129]. - The group's net asset value decreased by approximately 36% to HKD 724 million in 2018 from HKD 1,130 million in 2017 [129]. Subscriber and Market Trends - New subscriber growth was achieved, with a slight increase in broadband service users compared to the previous fiscal year [9]. - In 2018, the total number of television subscribers decreased to 800,000 from 850,000 in 2017, while the number of broadband subscribers increased to 155,000 from 149,000 [21]. - The advertising revenue from pay television declined due to intense competition from OTT services and digital media, impacting overall financial performance [19]. - The company continues to face significant competition in the television industry, with changing viewer habits and the rise of new platforms impacting its operations [31]. - The group reported a decline in advertising and subscriber revenue due to competition from free television, digital platforms, and OTT services [141]. Strategic Initiatives and Partnerships - The company secured a five-year contract with MTR Corporation to supply content and act as the exclusive advertising agent for MTR train carriage television starting January 1, 2019 [9]. - A network development agreement was signed with China Mobile Hong Kong to enhance telecommunications and media value-added services, marking a significant step in future development [12]. - Strategic partnerships were established with Guangdong Provincial Radio and Television Network and Guangdong Radio and Television Station to enhance business development and technology [12]. - The company plans to invest in properties, facilities, and equipment as well as explore market opportunities to enhance profitability [16]. - The company is evaluating partnerships or the sale of loss-making businesses to reduce cash flow losses as part of its strategic review [147]. Content and Service Development - The launch of the Hong Kong International Finance Channel and the rebranding of the Wonderful TV channel are part of the company's strategy to provide new entertainment and information programming [8]. - The company introduced new sports, entertainment, lifestyle, and news channels to its pay television platform to enhance content offerings [28]. - The company has expanded its business to include English news and Mandarin finance channels, launching the Hong Kong International Finance Channel on July 30, 2018 [148]. - The company launched a new free English television channel in July 2018 and rebranded its free television channels to "Hong Kong Open TV" in October 2018 to enhance its market presence [22]. Cost Management and Restructuring - The company is undergoing restructuring to improve financial performance, including cost-saving measures and a revised rights issue proposal to strengthen its capital base [13]. - The company is implementing a cost-saving plan and evaluating potential restructuring of its business portfolio to improve profitability and financial performance [22]. - The company aims to improve its financial performance through cost-saving plans and the introduction of new programs and channels [147]. Corporate Social Responsibility and ESG - The group is committed to corporate social responsibility, implementing various environmental measures and creating a positive work environment for employees [41]. - The group has established an environmental, social, and governance (ESG) working group to oversee ESG strategies and ensure effective risk management [43]. - Key ESG issues identified include service commitment, employee health and safety, supply chain management, and environmental impact management [52]. - The group emphasizes stakeholder engagement to align long-term sustainability goals with current vision and mission [46]. - The group plans to continue developing corporate social responsibility initiatives with the support of employees [52]. Employee and Workplace Safety - The total number of employees decreased from 1,876 in 2017 to 1,714 in 2018, with a notable reduction in male employees from 1,298 to 1,177 [101]. - The employee turnover rate increased from 24.0% in 2017 to 35.4% in 2018, indicating a rise in employee departures [102]. - The company provided over 55 training courses to 2,501 employees in 2018, totaling 76,450 training hours, a significant increase from 42,659 hours in 2017 [103]. - The occupational injury rate decreased from 0.0119 in 2017 to 0.0087 in 2018, indicating improved workplace safety [67]. - The company conducted annual fire drills and regular occupational safety training to enhance employee awareness of workplace safety [65]. Environmental Impact and Sustainability - Total greenhouse gas emissions decreased from 12,341 tons in 2017 to 9,486 tons in 2018, reflecting the company's commitment to reducing its environmental impact [79]. - Nitrogen oxide emissions reduced from 2.2 tons in 2017 to 1.84 tons in 2018, demonstrating progress in air quality management [78]. - The company has over 70% of its suppliers based in Hong Kong, supporting local economy and reducing carbon emissions in the supply chain [71]. - The company reduced paper usage by implementing a paperless office initiative, including electronic leave applications and payslips [82]. - In 2018, the company recycled 35 tons of paper products, a 29.6% increase from 27 tons in 2017 [83]. - Water consumption decreased by 37% from 4,396 cubic meters in 2017 to 2,761 cubic meters in 2018 due to ongoing education and conservation efforts [89]. - The company monitored energy consumption and implemented measures to improve efficiency, resulting in a reduction of electricity usage from 17,994,843 kWh in 2017 to 17,226,533 kWh in 2018 [90]. Governance and Compliance - The company has adhered to all applicable corporate governance codes during the fiscal year ending December 31, 2018, with one noted deviation [156]. - The board consists of ten directors, including one executive director, five non-executive directors, and four independent non-executive directors [160]. - The company has arranged training for directors to ensure they are updated on regulatory changes and their responsibilities [191]. - The Audit Committee consists of three members, including two independent non-executive directors, ensuring compliance with corporate governance standards [198]. - The Audit Committee is responsible for recommending the appointment, reappointment, and removal of external auditors, as well as approving their remuneration and terms of engagement [200].