世界华文媒体(00685) - 2024 - 年度业绩

Financial Performance - For the fiscal year ending March 31, 2024, the group's revenue decreased by 3.8% to $5,049,000 compared to$5,251,000 in the previous fiscal year[6]. - The group's pre-tax loss widened by 12.9% to $2,682,000 from$2,376,000 in the previous year[6]. - The basic loss per share for the fiscal year ending March 31, 2024, was $0.76, compared to a basic loss of$0.01 per share in the previous year[9]. - The overall annual loss for the group was $13,631,000, compared to a loss of$883,000 in the previous year[46]. - The group reported a total comprehensive loss of $23,329,000 for the year, significantly higher than the previous year's loss of$7,100,000[46]. - The company reported a pre-tax loss of $14,159 million, with specific losses of$5,412 million from Malaysia, $5,453 million from Hong Kong and Taiwan, and$3,294 million from North America[63]. - The group incurred a net loss attributable to shareholders of (12,907) thousand USD for the year ended March 31, 2024, compared to a loss of (245) thousand USD in the previous year, reflecting a substantial decline in performance[97]. - Basic loss per share for the year ended March 31, 2024, was (0.76) cents, compared to (0.01) cents for the previous year, indicating a significant deterioration in earnings per share[97]. Revenue Breakdown - The group achieved a revenue growth of 10.8% for the fiscal year ending March 31, 2024, reaching $147,018,000, up from$132,655,000 in the previous year[28]. - The travel segment's revenue surged by 278.4% to $39,619,000, compared to$10,471,000 last year, driven by the global recovery in travel[29]. - The publishing and printing segment's revenue decreased by 12.1% to $107,399,000 from$122,184,000 last year[29]. - Revenue from Hong Kong and Taiwan operations decreased by 10.8% year-on-year to $36,290,000, resulting in a pre-tax loss of$5,453,000 compared to a pre-tax profit of $275,000 last year[17]. - Total revenue from publishing, printing, and digital content sales reached$38,947 million, with a breakdown of $25,970 million from Malaysia,$10,682 million from Hong Kong and Taiwan, and $2,295 million from North America[63]. - Advertising revenue amounted to$68,452 million, with $38,028 million from Malaysia,$25,608 million from Hong Kong and Taiwan, and $4,816 million from North America[63]. - Travel and related services generated$39,619 million in revenue, contributing to a total of $147,018 million across all segments[63]. Assets and Liabilities - The total assets decreased from 158,685 thousand USD in 2023 to 131,843 thousand USD in 2024, representing a decline of approximately 16.9$27,073,000, up from $21,070,000 a year earlier[129]. - The group reported total equity of$128,833,000 as of March 31, 2024, down from $153,314,000 on March 31, 2023[129]. Operational Challenges - The group faced significant challenges in Hong Kong and Taiwan due to slower-than-expected economic recovery and rising operational costs[16]. - The group faced a negative foreign exchange impact of approximately$3,183,000 on revenue due to the weakening of the Malaysian Ringgit and Canadian Dollar against the US Dollar[31]. - The group remains vigilant regarding ongoing geopolitical tensions that may affect travel confidence and business performance[43]. - The management is closely monitoring economic and political developments to manage operational costs prudently amid rising commodity and energy costs[106]. Strategic Initiatives - The group successfully expanded its customer base beyond luxury brands to include banking, restaurants, and retail sectors[6]. - The group is developing a self-service advertising platform to simplify the advertising purchasing process for small and medium-sized advertisers[14]. - The group aims to enhance brand awareness and consumer engagement through digital subscription and industry aggregation platforms[14]. - The group plans to continue exploring AI technologies to improve content creation and audience behavior analysis[124]. - The group aims to leverage artificial intelligence and machine learning to enhance user experience and accelerate digital advertising revenue growth[124]. Employee and Governance - As of March 31, 2024, the group had 2,640 employees, a decrease from 2,741 employees in the previous year[111]. - The company maintains compliance with Malaysian governance codes, including having a majority of independent directors on the board[115]. - The group is committed to maintaining high corporate governance standards in accordance with Malaysian and Hong Kong regulations[140]. Digital and Marketing Efforts - The group reported a decrease in page views for its digital business due to changes in social media platforms, particularly Facebook's significant modifications[103]. - The company aims to enhance direct engagement with its audience to increase average revenue per user, focusing on encouraging existing customers to consume more content[103]. - The group has implemented the MCIL ID project on two digital assets, aiming to enhance user experience and increase subscription rates through personalized services[123].