Financial Performance - Outdoor media business revenue decreased by 16.7% to approximately HKD 785,341,000 for the year ended December 31, 2022, compared to HKD 942,977,000 for the year ended December 31, 2021[1]. - Television broadcasting revenue increased by 53.2% to approximately HKD 1,077,964,000, accounting for 35.9% of total revenue for the year ended December 31, 2022[7]. - The group's revenue for the year ended December 31, 2022, was approximately HKD 3,003,733,000, a decrease of 4.9% compared to HKD 3,159,240,000 for the year ended December 31, 2021[20]. - The total revenue for the group was HKD 3,003,733,000, with a loss of HKD 192,306,000, compared to total revenue of HKD 3,159,240,000 and a loss of HKD 366,934,000 in the previous year, indicating a revenue decrease of 4.9%[50]. - The company reported a total loss of HKD 849,770,000 for the year ending December 31, 2022, compared to a loss of HKD 475,404,000 in 2021, indicating an increase in losses of approximately 78.7%[81]. - The company reported a comprehensive loss attributable to owners of the company of HKD 627,712,000 for 2022, compared to HKD 364,587,000 in 2021, reflecting an increase of approximately 72.2%[81]. - The net loss attributable to the company's owners for 2022 was HKD 382,500,000, compared to a loss of HKD 456,201,000 in 2021, showing an improvement of 16.2%[121]. - Basic loss per share was HKD 7.66 for 2022, compared to HKD 9.14 for 2021, showing a decrease in loss per share[80]. Cost Management - The group's operating loss decreased to approximately HKD 378,620,000, a reduction of 41.5% compared to HKD 647,290,000 for the year ended December 31, 2021, benefiting from cost control in the internet media business[16]. - Operating costs decreased by 11.1% to approximately HKD 3,382,353,000 for the year ended December 31, 2022, down from HKD 3,806,530,000 in the previous year[20]. - The company's total operating expenses for the year were HKD 1,316,844, slightly down from HKD 1,332,337 in 2021, reflecting a decrease of about 1.2%[139]. Business Outlook and Strategy - The group maintained an optimistic outlook for future business recovery as pandemic restrictions were lifted, expecting gradual improvement[4]. - The group plans to continue expanding its international media presence through various digital platforms and innovative content strategies[11]. - The company plans to focus on expanding its internet media and outdoor media segments to drive future growth[138]. - The company aims to enhance its market presence through strategic acquisitions and partnerships to drive future growth[169]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Shanghai Phoenix TV Shenzhou Film and Television Culture Development Co., Ltd. for RMB 5,000,000 (approximately HKD 5,600,000) on February 8, 2023[74]. - The company also acquired 70% equity in Guangdong Yidai Media Advertising Co., Ltd. for RMB 3,500,000 (approximately HKD 3,920,000), completed on March 8, 2023[74]. - The company completed acquisitions of various entities in early 2023, with total consideration amounting to RMB 15,500,000[152]. - The board announced the acquisition of equity in four companies, including Shanghai Phoenix TV Shenzhou Film and Culture Development Co., Ltd., Beijing Huizhi Bozhong Public Relations Consulting Co., Ltd., Guangdong Yidai Media Advertising Co., Ltd., and Shenzhen Phoenix Star Cultural Industry Co., Ltd.[166]. Market Position and Brand Value - The new media brand "Phoenix WEEKLY" has over 38 million users across major third-party platforms, indicating successful expansion in digital media[14]. - The flagship product "Phoenix News Client" maintained industry-leading user numbers and engagement levels, continuing to rank as one of the most popular mobile information products among Chinese users[21]. - The group continues to enhance its brand value, being ranked among the "Top 500 Asian Brands" and winning multiple international awards, showcasing its strong presence in the media and cultural sectors[51]. Financial Health and Liquidity - The group maintained a strong liquidity position with cash and short-term bank deposits totaling approximately HKD 1,597,690,000 as of December 31, 2022, up from HKD 1,304,835,000 in the previous year, reflecting a growth of 22.5%[53]. - The group reported a total outstanding debt of approximately HKD 189,610,000 as of December 31, 2022, significantly reduced from HKD 533,932,000 as of December 31, 2021, indicating a decrease of 64.5%[53]. - The capital debt ratio as of December 31, 2022, was 81.7%, a slight improvement from 83.3% as of December 31, 2021[39]. Employee and Operational Metrics - The company employed 2,803 staff members as of December 31, 2022, with total employee costs reduced to approximately HKD 1,316,844,000, down from HKD 1,332,337,000 in the previous year[86]. - The company has implemented various measures to maintain business operations and employee health during the COVID-19 pandemic, including remote work arrangements and health reporting[87]. Foreign Exchange and Risk Management - The group is exposed to foreign exchange risks primarily from USD and RMB, but considers its current exposure to be limited due to regular monitoring and potential use of forward contracts[54]. - The group recorded a net exchange loss of approximately HKD 113,011,000 for the year ended December 31, 2022, compared to a net gain of HKD 45,045,000 for the year ended December 31, 2021, primarily due to the depreciation of the RMB against the HKD[24].
凤凰卫视(02008) - 2022 - 年度业绩