Financial Performance - Revenue for the year ended December 31, 2022, was approximately HK$3,003,733,000, representing a decrease of 4.9% compared to the previous year[13] - The operating loss decreased to approximately HK$378,620,000 for the year ended December 31, 2022, a reduction of 41.5% from HK$647,290,000 in the previous year[13] - The net exchange loss for the year ended December 31, 2022, was approximately HK$113,011,000, compared to a net gain of HK$45,045,000 in the previous year[13] - The loss attributable to owners of the Company decreased to approximately HK$382,500,000, a decrease of 16.2% from HK$456,201,000 in the previous year[13] - Operating costs for the year ended December 31, 2022, decreased by 11.1% to approximately HK$3,382,353,000 from HK$3,806,530,000 in the previous year[13] - Total revenue for the Group was HK$3,003,733,000, a decrease from HK$3,159,240,000 in the previous year[33] - Operating loss was HK$378,620,000, improved from HK$647,290,000 in the previous year[33] Business Strategy and Development - The company emphasized a focus on core business, international expansion, innovation, and talent development to enhance integrated marketing and cross-industry collaboration[17] - The company aims to establish itself as a leading Chinese media group, targeting Hong Kong, Macau, Taiwan, and the global Chinese community[17] - The company reported a significant reduction in the impairment of accounts receivable, contributing to the improved operating loss[13] - The financial results reflect the company's ongoing efforts in cost control and operational efficiency within its internet media business[13] - The company continues to pursue its mission of connecting Chinese communities globally through diverse programming and news coverage[21] - The Group plans to continue consolidating existing businesses while exploring new opportunities to enhance its operations[105] Audience Engagement and Viewership - The average viewership of Phoenix Hong Kong Channel rose by 42 times, marking a significant increase in audience engagement[37] - Viewership duration per capita for Phoenix InfoNews Channel increased by 2.7 times, demonstrating enhanced viewer retention[37] - The viewership for Phoenix Chinese Channel increased by 25.5% year-on-year, indicating growing popularity[37] - The number of subscribers for Phoenix's overseas social media accounts increased by 10 times throughout the year, reflecting significant growth in its digital presence[47] - By the end of December 2022, viewership for Phoenix Chinese Channel increased by 25.5% year-on-year, with market share rising by 23.6% and viewing time per capita up by 242.9%[181] - Phoenix InfoNews Channel saw an increase in viewing time per capita by 272.7%[181] - Phoenix Hong Kong Channel's viewership soared by 42 times, market share surged by 30 times, audience size increased by 37.7%, and viewing time per capita rocketed by 11.35 times from January to October 2022[181] Media and Content Innovation - The flagship product IFENG News App maintained a leading position among Chinese users, with continuous innovations in content recommendation and community operation[115] - The Group's "Phoenix WEEKLY" new media brand has over 38 million users across its network matrix, establishing itself as a top media account on major third-party platforms[121] - The introduction of new programs such as "Asian Financial Insight" and "My Hong Kong Story" aims to strengthen the media's positioning towards the global Chinese audience[169] - The new media segment, ifeng.com, strengthened interaction between television broadcasting and the internet, enhancing its core competitiveness[179] - The complete revampification included a new design for the main broadcasting studio and online platform, revitalizing the company's image[180] Corporate Social Responsibility and ESG - The Group's ESG goals are clearly defined and closely related to its core business, promoting positive social impact through media content[50] - The Group is committed to corporate social responsibility and environmental protection while maximizing shareholder value[131] - The company has a commitment to carbon neutrality and has organized community events to promote garbage reduction[82] - The Group emphasizes environmental protection policies, aiming to reduce greenhouse gas emissions and resource consumption during operations[145] - The Group strictly adheres to relevant environmental protection laws in Hong Kong and Mainland China, with no violation notices received during the year[146] - The report records the ESG performance of the Group's main businesses during the year, reflecting its commitment to sustainability[143] Financial Position and Capital Structure - The Group's gearing ratio was 81.7% as of December 31, 2022, down from 83.3% as of December 31, 2021[92] - The Group employed 2,975 staff as of December 31, 2022, with total staff costs decreasing to approximately HK$1,316,844,000 for the year ended December 31, 2022, compared to HK$1,332,337,000 for the year ended December 31, 2021[95] - The Group's financial position remained liquid, with most monetary assets and liabilities denominated in Hong Kong dollars, US dollars, and Renminbi[92] - The Group's operations were mainly financed by owners' equity, bank borrowings, loans from non-controlling shareholders, and banking facilities as of December 31, 2022[95] - The Group's capital structure included no options granted or exercised under the Company's share option scheme during the year[95] Risk Management - The management has integrated significant environmental and social risks into the monthly operational reporting mechanism for better identification and management[49] - The company has established internal control procedures for anti-corruption and training to prevent bribery and fraud[78] - The company has policies in place to protect consumer data and privacy, although specific implementation details were not provided[75] - The company has engaged in practices to promote environmentally preferable products when selecting suppliers[73] International Expansion - Phoenix aims to establish a three-dimensional, diverse, and integrated Chinese-language media broadcasting matrix to enhance content delivery and monetization[47] - The Group emphasizes the importance of international broadcasting in the context of economic globalization and cultural diversification, aiming to enhance its global influence[124] - The Company has established strategic partnerships with international organizations to promote cultural exchange and enhance its global influence[111]
凤凰卫视(02008) - 2022 - 年度财报