中国新华电视(08356) - 2022 Q3 - 季度财报

Financial Performance - The Group's revenue for the nine months ended December 31, 2021, increased by approximately 27.2% to approximately HK$219.0 million compared to approximately HK$172.1 million in 2020[8]. - The Group's loss for the nine months ended December 31, 2021, decreased by approximately 29.4% to approximately HK$46.4 million from approximately HK$65.8 million in 2020[8]. - Basic loss per share attributable to the owners of the Company for the nine months ended December 31, 2021, was approximately HK1.13 cents, down from approximately HK1.60 cents in 2020[8]. - Total comprehensive loss for the period attributable to owners of the Company was approximately HK$45.8 million for the nine months ended December 31, 2021, compared to HK$65.0 million in 2020[12]. - The Group reported a loss before income tax of approximately HK$42.6 million for the nine months ended December 31, 2021, compared to a loss of approximately HK$70.3 million in 2020[11]. - The Group incurred an unaudited net loss of approximately HK$46,444,000 during the nine months ended 31 December 2021[26]. - The Group's cost of services increased by approximately 17.2$233.6 million, up from approximately HK$199.4 million in the previous year[99]. - The gross loss for the Period decreased by approximately 46.4$14.6 million, with a gross loss margin of approximately 6.7%[100]. - For the nine months ended 31 December 2021, the company reported a consolidated loss of approximately HK$45,794,000, compared to a loss of approximately HK$65,037,000 for the same period in 2020, representing a 29.7% improvement[76]. Dividends and Share Capital - The Board does not recommend the payment of any dividend for the nine months ended December 31, 2021[8]. - The share capital remained unchanged at HK$4,055,000 as of 31 December 2021[26]. - The share premium was reported at HK$1,238,195,000 as of 31 December 2021[26]. - The company did not recommend any dividend for the three months and nine months ended 31 December 2021, consistent with the previous year[72]. Current Liabilities and Financial Position - As of 31 December 2021, the Group had unaudited net current liabilities of approximately HK$345,495,000 and unaudited net liabilities of approximately HK$389,628,000[26]. - The convertible notes issued by the Company in the principal amount of approximately HK$257,030,000 were overdue as of the reporting date[26]. - As at 31 December 2021, total equity was reported at approximately HK$(389,628,000)[26]. - The accumulated losses increased to approximately HK$1,689,800,000 as of 31 December 2021[26]. Operational Performance - Revenue recognized for the nine months ended December 31, 2021, was HK$219,025,000 from construction works, compared to HK$137,850,000 for the same period in 2020, representing a growth of 59$21,455,000 for the nine months ended December 31, 2021, compared to a loss of HK$30,813,000 in the same period of 2020, indicating an improvement[56]. - The media and advertising business reported a loss of HK$1,507,000 for the nine months ended December 31, 2021, compared to a loss of HK$13,966,000 in the same period of 2020, reflecting a significant reduction in losses[56]. - The Group's media and advertising business faced challenges due to the ongoing COVID-19 pandemic and has adjusted its strategy to focus on digital platforms[90]. - The Group aims to explore new business opportunities to enhance profitability and core competitiveness[91]. Cost Management and Efficiency - The Group plans to implement operational plans to control costs and generate adequate cash flows from operations[37]. - The Group plans to optimize resources to improve operational efficiency across its business divisions[91]. - The Group will implement cost-saving measures and closely monitor construction procedures to improve project management efficiency[127]. Corporate Governance and Compliance - The company is committed to high standards of corporate governance, having applied the principles of the Code on Corporate Governance Practices, with some deviations noted[178]. - The company has established an Audit Committee to oversee financial reporting and internal controls since August 11, 2010[190]. - The company has confirmed that all Directors complied with the required standards of dealings throughout the review period[179]. - The company has adopted a code of conduct for securities transactions by Directors, ensuring compliance with GEM Listing Rules, with no reported non-compliance during the review period[177]. Future Outlook and Strategies - The Group remains prudently optimistic about the long-term prospects of its core businesses and will continue to explore new opportunities to diversify its business profile[134]. - The Group aims to generate synergy between different business segments to bring better value to shareholders[134]. - The Group aims to enhance brand awareness and integrate various resources to seek business opportunities that can improve profitability and financial performance[132]. - The Group is shifting its focus from traditional television advertising to internet and multimedia advertising platforms to create synergies with well-known partners in the media industry[132].