Financial Performance - Total revenue for the year ended December 31, 2023, was HKD 2,467,957,000, a significant increase compared to the previous year[4] - The company reported a loss attributable to owners of the company of HKD 258,989,000 for 2023, an improvement from a loss of HKD 383,340,000 in 2022[13] - The weighted average number of ordinary shares issued was 499,366,000, resulting in a basic loss per share of HKD 0.5186 for 2023[13] - The group's revenue for the year ended December 31, 2023, was approximately HKD 2,467,957,000, a decrease of 17.8% compared to HKD 3,003,733,000 for the year ended December 31, 2022[44] - The company's net loss for 2023 was HKD 334,694,000, compared to a net loss of HKD 446,875,000 in 2022, representing a 25.1% improvement[146] - The total comprehensive expenses for the year amounted to HKD 285,921,000, down from HKD 850,232,000 in the previous year, indicating a reduction of approximately 66%[122] Revenue Breakdown - Revenue from television broadcasting decreased by 15% to HKD 917,570,000, compared to HKD 1,077,964,000 in the previous year[49] - The revenue from internet media and outdoor media combined was HKD 1,376,852,000, down from HKD 1,718,586,000, representing a decrease of 19.9%[49] - Television broadcasting revenue decreased by 14.9% to approximately HKD 917,570,000, accounting for 37.2% of total revenue for the year ended December 31, 2023[89] - Internet media business revenue decreased by 16.5% to approximately HKD 778,797,000, with a classified loss of approximately HKD 97,361,000 for the year ended December 31, 2023[90] - Outdoor media business revenue decreased by 23.8% to approximately HKD 598,055,000, with classified profit decreasing by 74.7% to approximately HKD 29,281,000 for the year ended December 31, 2023[91] Cost Management - Operating costs for the year ended December 31, 2023, decreased by 18.0% to approximately HKD 2,773,698,000, down from HKD 3,382,353,000 for the previous year[44] - The operating loss for the year was HKD 305,741,000, improved from an operating loss of HKD 378,620,000 in the previous year[49] - The group employed 2,704 staff, with total employee costs reduced to approximately HKD 1,203,854,000, down from HKD 1,316,844,000 for the year ended December 31, 2022[74] Financial Position - The company reported a decrease in accounts payable from HKD 482,834,000 in 2022 to HKD 275,761,000 in 2023, indicating improved cash flow management[17] - The company’s total liabilities decreased from HKD 1,201,263,000 in 2022 to HKD 1,045,397,000 in 2023, indicating a reduction in financial obligations[17] - The group's cash and short-term bank deposits totaled approximately HKD 1,709,596,000 as of December 31, 2023, an increase from HKD 1,597,690,000 as of December 31, 2022[97] - The company's capital debt ratio as of December 31, 2023, was 79.0%, down from 81.5% as of December 31, 2022[69] - The total assets as of December 31, 2023, were HKD 6,690,395,000, a decrease of 7.5% from HKD 7,230,616,000 in 2022[148] Acquisitions and Investments - The company completed acquisitions totaling HKD 17,733,000 for 100% equity in several subsidiaries, enhancing its market presence[19] - The company reported a bargain gain of HKD 12,947,000 recognized in the consolidated income statement due to acquisition activities[31] - The company’s investment properties increased slightly to HKD 1,325,872,000 from HKD 1,307,283,000, indicating a growth of 1.4%[148] Corporate Governance and Compliance - The company’s deferred tax assets and liabilities were managed in accordance with local tax regulations, maintaining compliance[10] - The company has complied with the corporate governance code throughout the year, ensuring effective oversight and management[108] - The company plans to issue its 2023 annual report around April 23, 2024, providing further insights into its financial performance[119] Strategic Focus - The flagship product "Phoenix News Client" maintained industry-leading user numbers and engagement levels, contributing to increased traffic and click-through rates[41] - The company emphasized its commitment to internationalization and cultural communication, aiming to enhance its global brand presence[52] - The company continues to innovate in content production and marketing strategies, focusing on multi-channel distribution and audience engagement[55] - The company continues to focus on enhancing its core competitiveness in content and maintaining high-quality corporate governance[43] Other Notable Points - The company did not recommend a final dividend for the year ended December 31, 2023, compared to no dividend for the year ended December 31, 2022[93] - The company has not granted or exercised any share options under its share option scheme during the year[102] - The group has implemented a "people-oriented" policy to attract and retain talent, offering competitive employment conditions and benefits[103]
凤凰卫视(02008) - 2023 - 年度业绩