Media Initiatives and Projects - The Hong Kong Nature Stories project launched the city's first nature-themed documentary series on October 28, 2023, consisting of 12 episodes showcasing Hong Kong's natural beauty across six major scenarios[5]. - The project aims to enhance awareness of Hong Kong's biodiversity among students through a school series, fostering a deeper understanding and appreciation of the natural environment[6]. - A strategic cooperation agreement was signed with the Hangzhou Asian Games Organizing Committee on June 17, 2023, to jointly broadcast the 19th Asian Games globally, enhancing the event's international reach[7]. - The Greater Bay Area Film Concert 2023 took place on June 29, featuring over a hundred filmmakers and musicians, promoting the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area[13]. - The You Bring Charm to The World Award Ceremony was held on July 8, 2023, recognizing outstanding contributions by Chinese individuals globally, with live streaming across multiple platforms[20]. - The award ceremony has been conducted fourteen times since its inception in 2007, becoming a significant event for promoting international communication within the Chinese community[20]. - The 2023 Phoenix Star Best Listed Companies in Hong Kong awarded 13 companies across 9 categories, including Best Listed Company and Best New Stock, based on scores from expert judges and votes from 1.45 million netizens[31]. - The New Space, New Drive – Phoenix Financial Forum for the Greater Bay Area 2023 gathered nearly 60 guests from political, business, and academic fields, discussing the fundamentals of the Bay Area's growth and China's economic development[29]. - The forum emphasized Phoenix TV's commitment to expanding its platform internationally, starting with finance to promote Chinese culture and facilitate exchanges between China and other nations[33]. - The 2023 Zero-Carbon Mission International Climate Summit hosted nearly 80 guests, including ambassadors and representatives from various countries, focusing on global cooperation for a sustainable future ahead of COP28[43]. Awards and Recognition - The 2023 Annual Report highlights Phoenix TV's role as the largest overseas Chinese media group, promoting cultural exchange and dialogue between China and the international community[24]. - The 2023 Annual Highlights document outlines significant events and initiatives undertaken by Phoenix TV to enhance its global presence and cultural influence[26]. - The forum received support from the China Association for Public Companies and the Drucker School of Management, showcasing collaboration with authoritative media[29]. - Phoenix TV was recognized as one of China's 500 Most Valuable Brands for 20 consecutive years, ranking among the top 4 in the media industry in 2023[94][96]. - Phoenix TV won 2 Gold Awards at the 7th Business Journalism Awards, including Best Business & Finance Profile Interview and Best Greater Bay Area Business News Reporting[89][90]. - Phoenix TV received multiple awards at the 2023 New York Festivals TV & Film Awards, marking the 12th consecutive year of recognition[82][85]. - The Asia's 500 Most Influential Brands report ranked Phoenix TV 124th, highlighting its influence in Asia for 18 consecutive years[100][102]. - Phoenix TV's program production earned international recognition, with awards in various categories including human rights and investigative news coverage[83][85]. - The company has been actively involved in promoting social responsibility by creating employment opportunities for disadvantaged groups[113]. - The awards received by Phoenix TV reflect its commitment to quality and creativity in the television and film industry[117]. Financial Performance - Revenue for the year ended December 31, 2023, was approximately HK3,003,733,000 for the year ended December 31, 2022[186]. - The operating loss decreased to approximately HK378,620,000 in the previous year[186]. - The net exchange loss for the year ended December 31, 2023, was approximately HK113,011,000 for the year ended December 31, 2022[186]. - Loss attributable to owners of the Company decreased to approximately HK383,340,000 in the previous year[186]. - Operating costs for the year ended December 31, 2023, decreased by 18.0% to approximately HK3,382,353,000 in 2022[186]. - Total revenue from television broadcasting, internet media, and outdoor media was HK2,796,550,000 in 2022, reflecting a decline[189]. - The fair value loss on investment properties was approximately HK6,276,000 in the previous year[189]. - Basic loss per share for the year ended December 31, 2023, was HK76.76 in 2022[189]. - Other income, net, for the year ended December 31, 2023, was approximately HK45,810,000 in the previous year[189]. - Non-controlling interests contributed HK63,535,000 in 2022[189]. Strategic Goals and Future Outlook - The company aims to leverage new technologies and channels to enhance cultural communication and engage with younger audiences[39]. - The company reported a significant increase in user engagement, with a 25% rise in viewership across its platforms compared to the previous year[174]. - Future outlook includes a projected revenue growth of 15% for the next fiscal year, driven by new content offerings and market expansion strategies[174]. - The company is investing in new technology for content delivery, with a budget allocation of HK$50 million for the development of a new streaming platform[174]. - Phoenix plans to expand its market presence in Southeast Asia, targeting a 20% increase in audience reach in the region over the next two years[174]. - The company is exploring potential acquisitions to enhance its content library, with a focus on regional media companies[174]. - A new product line of interactive programming is set to launch in Q3 2024, aimed at increasing viewer participation and engagement[174]. - The company has established a strategic partnership with a leading tech firm to enhance its digital advertising capabilities, expected to boost ad revenue by 30%[174]. - Phoenix has committed to improving its ESG initiatives, with a target of reducing carbon emissions by 25% by 2025[174]. - The board has approved a share consolidation plan, effective February 20, 2024, to enhance share liquidity and attract institutional investors[178]. Global Reach and Distribution - Phoenix TV channels are available in over 55 hotels with a total of 49,725 rooms in North America[144]. - Phoenix TV channels are distributed to 54 countries in Africa, including South Africa, through StarTimes platforms[140]. - Phoenix TV is carried by major operators in Asia-Pacific, including Astro in Malaysia and StarHub in Singapore[137]. - Phoenix TV channels cover 45 countries in Europe through various DTH, cable, OTT, and IPTV networks[144]. - 219 hotels in Europe with over 41,800 rooms have chosen Phoenix TV channels as their official Chinese television channels[144]. - Phoenix TV is distributed in Korean hotels through Global Reach Korea[137]. - The company utilizes materials from independent bureaux located in Brazil, Canada, Mexico, Germany, Hungary, Pakistan, and Spain[159]. - Phoenix TV is available on multiple platforms in North and South America, covering 48 countries and regions[144]. - The company has established a presence in various countries, including Japan, Indonesia, and the Philippines, through local operators and OTT platforms[137]. - Phoenix Media Investment (Holdings) Limited aims to be the "Chinese Connection" among Chinese communities globally, providing a continuous stream of Chinese-language programming[164]. Commitment to Sustainability and Social Responsibility - Phoenix TV actively advocates for biodiversity protection and harmonious coexistence between humans and nature through various initiatives[45][46]. - Phoenix emphasized its commitment to sustainable development, receiving an Honourable Mention Excellence in ESG at the Hong Kong Corporate Governance and ESG Excellence Awards 2023[197]. - The company continues to enhance its corporate governance and ESG practices, aligning with industry leaders recognized in the same awards[123]. - Phoenix TV was honored with the title of Good MPF Employer for 2022-2023, recognizing its commitment to employee retirement protection[104]. - The company continues to expand its influence in the global Chinese community, particularly in Hong Kong, Macau, and Taiwan[79][80].
凤凰卫视(02008) - 2023 - 年度财报