Financial Performance - Media Chinese International Limited reported a revenue of RM 500 million for the fiscal year 2022/23, representing a 10% increase compared to the previous year[1]. - The company achieved a net profit of RM 50 million, which is a 15% increase year-over-year[1]. - For the fiscal year ending March 31, 2023, the group's revenue increased by 8.4% to $132,655,000, up from $122,387,000 in the previous year, primarily driven by improvements in the tourism segment[45]. - The group recorded a pre-tax profit of $1,707,000, down from $1,999,000 in the previous year, due to economic conditions in the operating countries[46]. - The company's profit before tax decreased by 14.6% to $1,707,000 from $1,999,000 in the previous year, primarily due to increased long service payment provisions[62]. - The basic loss per share for the fiscal year was $0.01, a decline of 150.0% from a profit of $0.02 per share in the previous year[63]. - The Malaysian business segment reported a slight revenue increase of 1.1% to $74,074,000, with profit before tax rising by 16.6% to $6,119,000[65]. - The Hong Kong and Taiwan publishing segment saw a slight revenue increase of 0.3% to $40,671,000, with profit before tax improving from a loss of $528,000 to a profit of $275,000[67]. - The subsidiary, Wanhua Media Group, reported a revenue decrease of 10.4% to $5,182,000, resulting in a loss before tax of $2,361,000[70]. - The Canadian publishing segment experienced a slight revenue decline to $7,439,000, with losses before tax widening to $3,431,000 due to rising costs and lack of government subsidies[71]. - The company faced negative currency impacts of approximately $5,485,000 on revenue and $219,000 on profit before tax due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[62]. - Cash and cash equivalents totaled $93,573,000 as of March 31, 2023, with a net asset value per share of $9.09[63]. - The group recorded a revenue of $132,655,000 and a profit before tax of $1,707,000 for the fiscal year ending March 31, 2023[174]. Market Strategy and Growth - User engagement metrics showed a 20% growth in digital platform users, reaching 1 million active users[1]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share over the next two years[1]. - New product launches are expected to contribute an additional RM 30 million in revenue, with a focus on digital content and subscription services[1]. - Research and development investments increased by 30%, focusing on enhancing digital media technologies[1]. - The management provided guidance for the next fiscal year, projecting a revenue growth of 12%[1]. - The company is focused on enhancing its digital services, including the WAW digital creative and production department and the Power Up e-commerce platform[17]. - The company continues to focus on enhancing its advertising products and developing customized advertising solutions to attract new clients and improve brand visibility[66]. - The digital business is expanding through increased revenue from existing operations and the introduction of new cross-platform products, adapting to the significant transformation in the online advertising industry[73]. - The company is committed to enhancing its digital subscription revenue sources while complying with privacy regulations[73]. Sustainability and Corporate Governance - The company emphasized its commitment to sustainable practices, aiming for a 50% reduction in carbon footprint by 2025[1]. - The group established a sustainability committee to review and improve its sustainability practices and governance standards[56]. - The sustainable development policy focuses on reducing material usage, promoting ethical business practices, prioritizing employee welfare, and minimizing environmental impact[120]. - The sustainable development committee, led by the CEO, is responsible for promoting and implementing sustainable practices to create long-term value for the group[125]. - The group aims to achieve net-zero carbon emissions by 2050 and plans to maintain or reduce greenhouse gas emissions in the next fiscal year[180]. - The group is committed to integrating economic, environmental, social, and governance (EESG) principles into its operations[112]. - The group emphasizes the importance of quality products and customer service while conducting business fairly[121]. - The group encourages talent development, promotes health and safety, and supports diversity in the workplace[121]. - The company is dedicated to responsible corporate citizenship, contributing to the welfare of the communities in which it operates through its charitable foundation[139]. - The company has established a robust procurement policy and supply chain management system, with 85% of its procurement (approximately $44,400,000) sourced from local suppliers in Malaysia and Hong Kong[148]. - The group successfully reduced its greenhouse gas emissions from purchased electricity by 5% to approximately 10,300 tons of CO2 equivalent for the fiscal year 2022/2023[181]. - The emission density decreased from 1,018 tons of CO2 equivalent per facility in 2020/2021 to 936 tons in 2022/2023, reflecting the group's efforts to reduce its carbon footprint[182]. - The total energy consumption was reduced to approximately 14,984,000 kWh for the fiscal year 2022/2023, a decrease of 3% year-on-year[190]. - The group is committed to reducing waste and follows principles of "reduce, reuse, recycle, and replace" to ensure effective use of environmental resources[198]. Community Engagement and Recognition - Star Media Group received multiple awards at the 2021 Datuk Wong Kee Tat Journalism Awards, including the Best News Report Award and several commendations for various categories[87]. - The company was recognized with the Outstanding Feature Article Award at the 2021 Petronas Journalism Awards, highlighting its strong reporting capabilities[88]. - In 2022, Star Media Group won the Gold Award for Feature Reporting at the Sabah State Government and Sabah Journalists Association's Shen Shan Journalism Awards[89]. - The company achieved significant recognition in the 2022/23 year, with multiple awards for excellence in journalism across various categories, including sports and education reporting[90]. - Star Media Group's initiatives included the distribution of nearly RM900,000 in scholarships to 23 students under the "Seventh Star Daily Reader Scholarship Program" to support higher education[100]. - The company organized a health exhibition with over 150 booths to enhance public health awareness, demonstrating its commitment to community engagement[103]. - Star Media Group's foundation hosted an event for 180 elderly participants, showcasing its dedication to social responsibility and community support[101]. - The company celebrated its 35th anniversary of Guang Ming Daily with a gala dinner, reinforcing its relationships with stakeholders and partners[102]. - The group successfully organized several events, including the "Malaysia Health and Wellness Expo" and the "Huazong Literature Award," to strengthen stakeholder relationships and promote cultural heritage[52]. Compliance and Risk Management - The company has not reported any significant non-compliance with laws and regulations, nor received any customer complaints or product recalls during the fiscal year 2022/2023[156]. - Approximately 77% of the company's operating entities assessed corruption-related risks during the review year[168]. - The company has implemented anti-bribery due diligence procedures for suppliers, ensuring compliance with anti-corruption laws[169]. - The company maintains strict quality assurance procedures across all operational departments to ensure consistent quality[153]. - The company has established a whistleblowing mechanism for employees to report illegal activities without fear of retaliation[169].
世界华文媒体(00685) - 2023 - 年度财报