超媒体控股(00072) - 2025 - 中期财报

Company Information This section outlines Metamedia Holdings Limited's basic information, including board members, committee compositions, key operational contacts, and registration details, showcasing its core management and operational framework Company Basic Information and Governance Structure This section outlines Metamedia Holdings Limited's basic information, including board members, committee compositions, key operational contacts, and registration details, showcasing its core management and operational framework - Mr. Shao Zhong serves as Chairman and Chief Executive Officer, with the Board comprising three independent non-executive directors[5] - The company is registered in the Cayman Islands, with stock code 72 and website www.metamediahldg.com[6](index=6&type=chunk) Management Discussion and Analysis Performance Overview For the six months ended June 30, 2025, Metamedia Holdings Limited achieved stable overall EBITDA performance amid a challenging global economic backdrop, driven by business model innovation and cost control, with profit growth in the digital platform business; excluding the one-off lease termination gain in H1 2024, the operating loss for the current period narrowed year-on-year H1 2025 Segment Performance Overview (RMB thousands) | Metric | Art Platform (2025) | Digital Platform (2025) | Total (2025) | Art Platform (2024) | Digital Platform (2024) | Total (2024) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Reportable Segment Revenue (RMB thousands) | 84,886 | 84,802 | 169,688 | 97,497 | 63,969 | 161,466 | | Reportable Segment (Loss) / Profit (RMB thousands) | (29,541) | 17,992 | (11,549) | (19,193) | 7,895 | (11,298) | | Segment EBITDA (RMB thousands) | (21,840) | 23,048 | 1,208 | (7,249) | 15,735 | 8,486 | - In H1 2025, the Group's overall EBITDA was RMB 1,208 thousand, a decrease from RMB 8,486 thousand in H1 2024, but digital platform EBITDA increased from RMB 15,735 thousand to RMB 23,048 thousand, achieving profit growth[8] - The Group recorded a one-off lease termination gain in H1 2024 due to strategic transformation of its art spaces; excluding this non-recurring item, the operating loss for the current period narrowed year-on-year[8] Business Review Over the past three decades, the Group successfully transformed from traditional media 'Modern Media' to 'Metamedia Holdings', continuously innovating in print publishing, digital platforms, and art marketing, now actively embracing AI technology to reconstruct the content industry chain, transitioning from PGC to UGC and AIGC, and expanding its international influence in the art market Group Strategic Transformation and Development Since its renaming in 2022, Metamedia Holdings Limited has deepened its strategic direction of 'Art and Technology Reshaping the Future of Business', achieving a leap from traditional print media to 'smart media' by strengthening proprietary IPs, expanding into international art markets, launching the AI application 'Shao.ai', and developing a global online art website, aiming to connect Eastern and Western wisdom and promote the digitalization of the art market - In 2022, 'Modern Media' officially rebranded as 'Metamedia Holdings', marking a new development phase for the Group, committed to reshaping the future of business with art and technology[11][12] - The Group has achieved a critical transformation from PGC (Professional Generated Content) to UGC (User Generated Content) and further to AIGC (Artificial Intelligence Generated Content), launching the AI application 'Shao.ai'[12][13] - The Group is developing a global online art website aimed at connecting art enthusiasts, collectors, galleries, museums, and artists, thereby promoting the digitalization of the art market[13] Digital Platform Business The Group's digital platform business revenue continues to grow, primarily from established mobile applications and website platforms such as 'iWeekly Weekend Pictorial', 'InStyle iLady', 'Bloomberg Businessweek Chinese Edition', and 'NOWNESS'; the 'NOWNESS' app has accumulated over 13 million downloads, and its short film 'Stiff Neck' won the Golden Leopard for Best Short Film at the Locarno International Film Festival, showcasing its 'Global Vision, Local Culture' positioning and international influence - Digital platform revenue increased to varying degrees during the interim period, primarily from platforms such as 'iWeekly Weekend Pictorial', 'InStyle iLady', 'Bloomberg Businessweek Chinese Edition', and 'NOWNESS'[14] - The 'NOWNESS' application has accumulated over 13 million downloads, and its Chinese team's short film 'Stiff Neck' won the Golden Leopard for Best Short Film at the Locarno International Film Festival[15] - The 'NOWNESS' Talent Project has successfully held six editions, aiming to discover and showcase the video works of China's new generation of filmmakers[16] Art Platform Business The Group's art platform business integrates brands with art through art marketing, enhancing brand taste and spiritual value; recently, the Group partnered with Art Basel Hong Kong, successfully hosted the inaugural Shanghai International Contemporary Photography Festival, and collaborated with the V&A Museum to present the 'Horst: Photographer of Style' exhibition; additionally, the Group is collaborating with Shanghai Zhangyuan to explore new models of commercial space and art integration, and continues to publish the 'Art Review' Top 100 Art Power list - The Group has established a media partnership with Art Basel Hong Kong, providing comprehensive communication support[18] - In May 2025, the Group successfully hosted the inaugural Shanghai International Contemporary Photography Festival (SICPF), themed 'The Era of Speaking Through Images', in collaboration with nearly 20 art institutions[19] - The Group is collaborating with Shanghai Zhangyuan to create an innovative business model integrating commerce and art, promoting a new trendy cultural lifestyle with the 'Space Zine' concept[21] Business Outlook Metamedia Holdings Limited's future vision is 'Beyond The Future', committed to reshaping the business future with art and technology, and reconstructing value with IP and ecosystems; the Group will fully implement the strategy of 'infusing art with AI technology and AI technology with art', and has launched the AI platform MC2; internationally, the Group plans to strengthen cooperation with Montgomery Group to host the Tokyo Contemporary Art Fair in September 2025 and expand into the Japanese market, aiming to become a global leading content enablement company - The Group's vision is 'Beyond The Future', advocating for new ideas, new technologies, and new actions to enter a new era, transforming itself into a trans-boundary and trans-cultural media group[23] - The Group's strategic choice and deployment is 'infusing art with AI technology and AI technology with art', and it officially launched the MC2 global website and social media platforms in July 2025, fully entering the intelligent AI era[24] - The Group plans to strengthen cooperation with Montgomery Group to host the Tokyo Contemporary Art Fair in September 2025 and actively expand into the Japanese market to enhance its international influence[25] Dividends To conserve financial resources for market challenges, the Board does not recommend paying any interim dividend for the six months ended June 30, 2025 (nil for the corresponding period in 2024); the Board will consider a final dividend after assessing the full-year financial performance for 2025 - The Board does not recommend paying an interim dividend for H1 2025, consistent with H1 2024[28] - The Board will consider a final dividend after assessing the full-year financial performance for 2025[28] Liquidity and Financial Resources For the six months ended June 30, 2025, the Group recorded net cash inflow from operating activities of approximately RMB 2,000 thousand and net cash outflow