Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately HKD 1,042,746,000, a decrease of 8.0% compared to HKD 1,133,077,000 for the same period in 2023[1] - Operating loss decreased to approximately HKD 181,804,000, down 33.6% from HKD 273,959,000 in the previous year[1] - Loss attributable to owners increased to approximately HKD 184,457,000, representing a 42.8% increase from HKD 129,158,000 in the same period last year[1] - The total revenue for the group was approximately HKD 1,042,746,000 for the six months ended June 30, 2024, a decrease of 8.0% compared to HKD 1,133,077,000 for the same period last year[6] - The loss attributable to shareholders increased to approximately HKD 184,457,000, a 42.8% increase from HKD 129,158,000 in the previous year[6] - The net loss for the period was HKD (211,458), slightly higher than the loss of HKD (209,209) in the same period last year, representing a 1.1% increase in loss[36] - Basic and diluted loss per share for the period was HKD (36.94), compared to HKD (25.86) for the same period in 2023, indicating a significant increase in loss per share[35] - The company reported a total comprehensive expense of HKD (307,728) for the six months ended June 30, 2024, compared to HKD (83,589) for the same period in 2023, showing a significant increase in losses[39] - The company's retained earnings as of June 30, 2024, were HKD 913,977, down from HKD 1,222,280 as of June 30, 2023, representing a decrease of approximately 25.3%[40] - The company reported a loss attributable to owners of HKD 184,457,000 for the period ending June 30, 2024, compared to a loss of HKD 129,158,000 for the same period last year, reflecting a significant increase in losses[67] Revenue Breakdown - Internet media revenue decreased by 5.4% to approximately HKD 353,308,000, with a classification loss of about HKD 28,513,000[10] - Outdoor media revenue decreased by 7.7% to approximately HKD 245,565,000, with a classification loss of about HKD 4,687,000[11] - The company’s revenue from television broadcasting for the main channel is HKD 271,049,000 for the period ending June 30, 2024, compared to HKD 253,868,000 for the same period last year, showing an increase of 6.76%[67] - Revenue from services charged to China Mobile Group was HKD 2,087,000 for the six months ended June 30, 2024, down 55.0% from HKD 4,623,000 in the same period of 2023[93] Operational Developments - The launch of Phoenix TV's Hong Kong channel on April 22, 2024, marked a significant breakthrough in broadcasting coverage across Hong Kong[2] - The Phoenix Express service was launched on May 15, 2024, covering approximately 1.03 million residents across 100 communities in Hong Kong[2] - The company aims to enhance international communication capabilities through innovative content products and collaboration with AI platforms[3] - The company continues to promote sustainability initiatives, donating educational materials to 1,007 schools in Hong Kong[3] - The company has been recognized as a leader in sustainable media development by the Hong Kong Listed Companies Association[3] Financial Position - The group's cash and bank deposits totaled approximately HKD 1,646,940,000 as of June 30, 2024, down from HKD 1,709,596,000 as of December 31, 2023, while structured deposits classified as financial assets at fair value through profit or loss increased to approximately HKD 524,445,000 from HKD 461,498,000[14] - The total outstanding borrowings amounted to approximately HKD 366,650,000 as of June 30, 2024, compared to HKD 210,759,000 as of December 31, 2023, resulting in a capital debt ratio of 89% as of June 30, 2024, up from 79%[14] - The group employed 2,641 staff as of June 30, 2024, a decrease from 2,704 staff as of December 31, 2023, with employee costs reduced to approximately HKD 537,808,000 from HKD 602,301,000 year-on-year[18] - Total assets as of June 30, 2024, were HKD 6,487,695, a decrease of 3.0% from HKD 6,690,395 as of December 31, 2023[37] - Total liabilities increased to HKD 2,624,340 as of June 30, 2024, compared to HKD 2,519,947 as of December 31, 2023, reflecting an increase of about 4.15%[38] Risk Management - The company operates in a market with various financial risks, including foreign exchange risk and liquidity risk[50] - The company continues to monitor and manage foreign exchange risks primarily arising from USD and RMB, considering the use of forward currency contracts as a management tool[15] - The company has not made any significant changes to its risk management policies since the year-end date[50] Investments and Acquisitions - The group has no significant investments as of June 30, 2024, with no individual investment constituting 5% or more of the total assets[20] - The group has not engaged in any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[13] - The company has not issued or exercised any share options under its share option scheme during the reporting period[17] Future Outlook - The company plans to issue its interim report by September 30, 2024, to shareholders[34] - The company expects to receive certain licenses for its new media subsidiaries in the near future, which may enhance its operational capabilities[77] - The group plans to continue integrating existing businesses while seeking new opportunities to enhance synergy with current operations, considering various financing methods when opportunities arise[21]
凤凰卫视(02008) - 2024 - 中期业绩