星岛2020年年报

Contents目錄SING TAO NEWS CORPORATION LIMITED Annual Report 20201Corporate Information2公司資料Chairman’s Statement4主席報告Major Awards of the Year6年度主要獎項Management Discussion and Analysis8管理層討論及分析Directors and Senior Management18董事及高級管理層Corporate Governance Report25企業管治報告Environmental, Social and Governance Report36環境、社會及管治報告Report of the Directors59董事會報告Independent Auditor’s Report75獨立核數師報告Consolidated Statement of Profit or Loss86綜合損益表Consolidated Statement of Comprehensive Income87綜合全面收益表Consolidated Statement of Financial Position88綜合財務狀況表Consolidated Statement of Changes in Equity90綜合權益變動表Consolidated Statement of Cash Flows92綜合現金流量表Notes to Financial Statements95財務報表附註Schedule of Major Properties230主要物業概覽Five Year Financial Summary232五年財務概要 Corporate Information公司資料SING TAO NEWS CORPORATION LIMITED Annual Report 20202EXECUTIVE DIRECTORSMr. Ho Tsu Kwok, Charles (Chairman)Mr. Siu Sai Wo (Chief Executive Officer)Mr. Ho Kent Ching TakMr. Jia HongpingMr. Lau Chung Man, LouisMr. Lo Wing HungINDEPENDENT NON-EXECUTIVE DIRECTORSMs. Judy ChanMs. Ho Chiu King, Pansy CatilinaMr. King Richard Yun ZingMr. Lee Cho JatQUALIFIED ACCOUNTANTMr. Lau Chung Man, LouisCOMPA N Y SECRETARYMs. Ip Ka YeeAUTHORISED REPRESENTATIVESMr. Siu Sai WoMs. Ip Ka YeePLACE OF INCORPORATIONBermudaREGISTERED OFFICEClarendon House2 Church StreetHamilton HM 11BermudaPRINCIPAL OFFICE IN HONG KONGSing Tao News Corporation Building7 Chun Cheong StreetTseung Kwan O Industrial EstateTseung Kwan O, New TerritoriesHong KongAUDITORErnst & YoungCertified Public AccountantsRegistered Public Interest Entity Auditor22/F, CITIC Tower1 Tim Mei AvenueCentralHong Kong執行董事何柱國先生（主席）蕭世和先生（行政總裁）何正德先生賈紅平先生劉仲文先生盧永雄先生獨立非執行董事陳芳女士何超瓊女士金元成先生李祖澤先生合資格會計師劉仲文先生公司秘書葉嘉儀女士授權代表蕭世和先生葉嘉儀女士註冊成立地點百慕達註冊辦事處Clarendon House2 Church StreetHamilton HM 11Bermuda香港總辦事處香港新界將軍澳將軍澳工業邨駿昌街7號星島新聞集團大廈核數師安永會計師事務所執業會計師註冊公眾利益實體核數師香港中環添美道1號中信大廈22樓 Corporate Information公司資料SING TAO NEWS CORPORATION LIMITED Annual Report 20203百慕達法律顧問Conyers Dill & Pearman香港中環康樂廣場8號交易廣場第1期29樓主要股份過戶登記處 MUFG Fund Services (Bermuda) Limited4th floor, North Cedar House41 Cedar AvenueHamilton HM 12Bermuda香港股份過戶登記分處 卓佳登捷時有限公司香港皇后大道東183號合和中心54樓主要往來銀行渣 打 銀 行（ 香 港 ）有 限 公 司香港上海滙豐銀行有限公司股份代號1105公司網站www.singtaonewscorp.com公司電郵地址info@singtaonewscorp.comBERMUDA LEGAL ADVISERConyers Dill & Pearman29/F, One Exchange Square8 Connaught PlaceCentralHong KongPRINCIPAL SHARE REGISTRAR AND TRANSFER OFFICEMUFG Fund Services (Bermuda) Limited4th floor, North Cedar House41 Cedar AvenueHamilton HM 12BermudaHONG KONG BRANCH SHARE REGISTRAR AND TRANSFER OFFICETricor Tengis LimitedLevel 54, Hopewell Centre183 Queen’s Road EastHong KongPRINCIPAL BANKERSStandard Chartered Bank (Hong Kong) LimitedThe Hongkong and Shanghai Banking Corporation LimitedSTOCK CODE1105CORPORATE WEBSITEwww.singtaonewscorp.comCORPORATE E-MAILinfo@singtaonewscorp.com Chairman’s Statement主席報告SING TAO NEWS CORPORATION LIMITED Annual Report 20204With the outbreak of the COVID-19 pandemic, 2020 was an unprecedented year for Hong Kong and the entire world. The pandemic brought about challenges and changes in public health, social activities, work, travel and everyday life never seen before. Around the world, major economies underwent sharp contractions, and rebounds turned out to be short-lived as subsequent spikes in infections became sporadic.In Hong Kong, the COVID-19 pandemic inflicted a severe impact on economic activities and resulted in a GDP shrinkage which was the sharpest on record. Domestic demand took a big hit in 2020, with private consumption expenditure having recorded the steepest ever annual decline. Investment expenditure also declined and unemployment climbed to a 16-year high. Amidst the austere business environment, Hong Kong’s advertising market fell significantly by 18%, the worst seen in the records of admanGo. All media segments, with the exception of mobile, reported negative growth. Inevitably, the Group’s financial results were adversely affected.However, in these testing times, the demand for information has instead increased and the role of reliable media has been rendered all the more important. Readers continue to desire to be informed and entertained; and in response to the market’s needs the Group has continued to build on its capabilities as a media provider, in both offline and online. With a commitment to providing excellent content and high added-value services to readers and advertisers, the Group has maintained its lead in the print media market,