Revenue Performance - Revenue for the Media Content Distribution Business decreased by 10.1% to HK$117,046,000 compared to HK$130,265,000 in the previous year[52]. - Brand Licensing Business revenue declined by 7.8% to HK$31,957,000 from HK$34,653,000 year-on-year[53]. - Total revenue for the company fell by 9.7% to HK$149,003,000 from HK$164,918,000 in the prior year[53]. - Revenue from Media Content Distribution Business decreased slightly by 10.1% to HK$117.0 million, contributing 78.6% of total revenue[129]. - Revenue from Brand Licensing Business decreased slightly by 7.8% to HK$32.0 million during the reporting period[135]. Profitability - Gross profit margin improved to 48.7% from 46.5% year-on-year[53]. - Profit attributable to shareholders increased by 7.1% to HK$25,558,000 compared to HK$23,855,000 in the previous year[53]. - The Group's net profit increased by 7.1% to HK$25.6 million during the reporting period despite the global impact of COVID-19[60]. - Profit for the period increased by HK$1.7 million or 7.1% to HK$25.6 million, with a net profit margin increase from 14.5% to 17.2%[144]. - Other income and gains increased by HK$3.0 million or 142.9% to HK$5.1 million, mainly due to government subsidies and foreign exchange gains[132]. Dividends and Shareholder Returns - Interim dividend per share increased to HK$0.28 cents from HK$0.24 cents year-on-year[54]. Business Segments and Growth - The Brand Licensing Business segment results rose by 137.2% from HK$4.3 million to HK$10.2 million due to improved commission rates and lower amortization of contracts[61]. - The Media Content Distribution Business accounted for 78.6% of the Group's total revenue during the reporting period[67]. - The company’s brand licensing business contributed 21.4% of total revenue during the reporting period[90]. - The Group plans to expand its e-commerce platform and content distribution network in Asia[117]. - The Group will continue to invest in its own IPs and collaborate on creative programs to enhance brand commercialization[120]. Content and Distribution - Ani-One® SVOD expanded from 6 to 8 territories, adding Indonesia's sushiroll and Cambodia's JaiKonTV[64]. - As of September 30, 2020, Ani-One® AVOD had 750,195 subscribers and 57,929,879 views, surpassing 1 million subscribers and 81 million views by November 16, 2020[64]. - Twelve new anime series were distributed during the reporting period, including "The Millionaire Detective Balance: UNLIMITED," which accumulated 4.4 million viewerships for its first episode[71]. - The company released 12 new anime series during the reporting period, achieving significant popularity among customers and viewers, with the first episode of "Balance: UNLIMITED" garnering 4,400,000 views by September 30, 2020[74]. - The Group's e-commerce platform Ani-Mall™ was launched, offering products from popular anime series, with the first pre-sell ticket bundle for "Violet Evergarden The Movie" being very popular[106]. Strategic Initiatives - The Group's five-year strategy (2019-2024) is on track with steady growth and expansion despite macroeconomic challenges[60]. - The Group aims to accelerate e-commerce development and explore strategic partnerships, alliances, and acquisitions to adapt to the ongoing pandemic[114]. - The Group's strategic content co-investment aims to solidify its competitive edge and enhance its sustainable business model[89]. Market Presence and Collaborations - The company added two lifestyle brands, Pets Rock and Lychee & Friends, to its portfolio, enhancing its market presence in Mainland China, Hong Kong, Taiwan, and Southeast Asia[90]. - "Double World," a co-produced movie with a budget of RMB 300 million, was distributed globally on Netflix[80]. - The company co-invested in the animated series "KIKI & NUNA," which won the 2020 "Jade Monkey Award" and is set for global distribution in early 2021[81]. - The company distributed the drama series "Count Your Lucky Stars" in Thailand, Vietnam, and the Philippines, and will stream "futmalls.com" globally[77]. - The Group's licensing rights have expanded from traditional items to include games and digital content, indicating a strategic shift in their business model[97]. Operational Efficiency - The Group's liquidity ratios remained stable, with a current ratio of 2.9 and a cash ratio of 1.2 as of September 30, 2020[55]. - The Group did not have any interest-bearing bank and other borrowings, making the debt to equity ratio not applicable[56]. - General and administrative expenses decreased by HK$8.9 million or 29.0% to HK$21.8 million[141]. - The Group's general and administrative expenses decreased by HK$8.9 million (or 29.0%) to HK$21.8 million for the six months ended September 30, 2020, mainly due to a reduction in one-time listing-related expenses and professional fees[148]. Employee and Corporate Governance - The Group had a total of 101 employees as of September 30, 2020, an increase from 99 employees as of March 31, 2020[161]. - The Group's operations were primarily financed by internal resources, including existing cash and anticipated cash flow from operating activities[155]. Awards and Recognition - The Group's Chairman received the "GBA Outstanding Women Entrepreneur Awards 2020," recognizing her contributions to the media industry in the Greater Bay Area[111]. - The Group's strategy focuses on sustainability, connectivity, and profitability amidst the challenges posed by COVID-19, indicating a long-term vision[113].
羚邦集团(02230) - 2021 - 中期财报