Financial Performance - Total revenue for TOM Group in 2018 was HKD 944.085 million, a decrease of 2% compared to HKD 960.513 million in 2017[5] - Revenue from technology platform and investment was HKD 101.709 million, while media business revenue was HKD 842.376 million[7] - The loss attributable to equity holders narrowed to HKD 158.623 million from HKD 242.274 million in 2017[5] - TOM Group's total revenue for the year ended December 31, 2018, was HKD 9.444 billion, a decrease of 2% compared to the previous year[16] - The group's media business generated total revenue of HKD 840 million, with operating profit soaring 150% to HKD 49 million[9] - The group's net loss attributable to equity holders decreased by 35% to HKD 159 million for the year[20] - The operating margin improved from 39% to 42% during the reporting period[14] Business Segments - B2B transaction volume for the e-commerce service operated with China Post reached RMB 7.6 billion, with significant growth expected in the future[7] - The social networking business, Pixnet, had 6.7 million members and generated revenue of HKD 74 million, with a segment profit of HKD 2 million[7] - The publishing business in Taiwan recorded total revenue of HKD 785.5 million, with a segment profit increase of 20% to HKD 54 million[8] - Outdoor media advertising revenue decreased by 42%, but losses were reduced by 86% to HKD 4 million[8] - The advertising business revenue decreased by 36% to HKD 59 million, but losses were reduced by 83% to HKD 4 million[18] - The mobile internet group's revenue decreased by 9% to HKD 19 million, but it turned from a loss of HKD 6 million to a profit of HKD 1 million[17] Assets and Liabilities - Total assets amounted to HKD 3,571.891 million, with total liabilities of HKD 3,571.382 million[5] - As of December 31, 2018, TOM Group's cash and bank balances (excluding pledged deposits) were approximately HKD 386 million[21] - The total credit amount as of December 31, 2018, was HKD 3.43 billion, with 86% utilized, amounting to HKD 2.93 billion for investments, capital expenditures, and working capital[21] - The total principal amount of loans was approximately HKD 2.93 billion, including long-term bank loans of about HKD 2.89 billion and short-term bank loans of approximately HKD 38 million[21] - The capital debt ratio as of December 31, 2018, was 100%, compared to 97% on December 31, 2017[21] - The net current assets as of December 31, 2018, were approximately HKD 357 million, down from HKD 409 million on December 31, 2017[21] Employee Information - The company employed approximately 1,400 staff across its operations in Hong Kong, Beijing, and Taipei[4] - The group employed approximately 1,400 full-time employees as of December 31, 2018, with total employee costs (excluding directors' remuneration) amounting to HKD 359 million[27] - As of December 31, 2018, TOM Group employed approximately 1,900 full-time employees, with the number remaining roughly the same as in 2017[174] - The average training hours per employee decreased by approximately 15.1% in 2018 compared to the previous year[184] - The total number of workplace injuries remained approximately the same in both 2017 and 2018, with no fatalities reported[180] - The percentage of male employees in 2018 was 58%, while female employees accounted for 42%[175] Corporate Governance - The board of directors includes independent non-executive directors and has undergone changes, with specific members eligible for re-election at the upcoming annual general meeting[47] - The company has no stock option plans as of the report date[53] - The independent non-executive directors confirmed their independence according to the listing rules[49] - The company has not disclosed any service contracts for directors that require compensation upon termination within one year[48] - The report includes details of directors' remuneration in the consolidated financial statements[52] - The company has received annual confirmations of independence from its independent non-executive directors[49] - The company has established a governance working group led by the CFO to assist the audit committee in fulfilling its responsibilities[137] - The company has adopted high standards of corporate governance to enhance shareholder value and maintain the interests of stakeholders[94] Risk Management and Internal Controls - The risk management and internal control systems are crucial for the group's operations, aimed at identifying and managing various risks, including strategic, operational, compliance, and financial risks[128] - The internal audit department evaluates the group's risk management and internal control systems, providing independent assurance on operational effectiveness[135] - The audit committee is responsible for monitoring the effectiveness of the company's risk management and internal control systems[119] - The audit committee reviews the financial reports and accounting policies, focusing on significant judgments and compliance with accounting standards[119] - The internal auditor reports to the Audit Committee every six months on risk management, including a risk register and progress on action plans to address identified weaknesses[132] Environmental and Social Responsibility - The company aims to enhance transparency and investor relations, encouraging shareholder feedback and participation in annual meetings[144] - The group is focused on sustainable development and community investment, aiming to create a sustainable future for stakeholders and the communities it operates in[151] - The company has implemented a "reduce, reuse, and recycle" philosophy to minimize waste across all business operations[152] - The total energy consumption of the group decreased by approximately 12.7% compared to the same period last year, while energy consumption per employee decreased by about 9.2%[157] - The total GHG emissions (Scope 1, 2, and 3) decreased by approximately 13.4% compared to the same period last year, and GHG emissions per employee decreased by about 9.9%[160] - The group has implemented various energy-saving measures, including the use of energy-efficient lighting systems and encouraging the use of natural light[157] - The company has established policies to reduce energy consumption and effectively utilize resources across all business units[152] Community Engagement - The group actively participated in community service activities, including cash donations and book donations, to promote reading culture since 2005[191] - The group established an online donation platform in collaboration with China Post Group to provide charitable services to rural populations[193] - The group has maintained a consistent level of charitable donations and corporate sponsorships in 2018 compared to 2017[193] - The group’s flagship publishing company in Taiwan has actively engaged in community work, including donations and hiring disabled individuals[192] - The group has established 11 "Coastal Primary Schools" in Taiwan to reduce illiteracy among underprivileged children[192] Compliance and Legal Matters - The company adheres to anti-corruption policies to prevent bribery and fraud[196] - The legal department monitors the group's legal affairs and compliance matters, ensuring adherence to applicable laws and regulations[140] - The company has implemented a whistleblowing policy to allow employees and stakeholders to report suspicious misconduct confidentially, ensuring no retaliation[189]
TOM集团(02383) - 2018 - 年度财报