文化传信2022/2023 年报

CORPORATE INFORMATION2CHAIRMAN’S STATEMENT5MANAGEMENT DISCUSSION AND ANALYSIS11DIRECTORS’ REPORT23CORPORATE GOVERNANCE REPORT53INDEPENDENT AUDITOR’S REPORT72CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME81CONSOLIDATED STATEMENT OF FINANCIAL POSITION83CONSOLIDATED STATEMENT OF CHANGES IN EQUITY85CONSOLIDATED STATEMENT OF CASH FLOWS87NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS91FINANCIAL SUMMARY275 CORPORATE INFORMATION公司資料 EXECUTIVE DIRECTORS Mr. Kwan Kin Chung(Managing Director)Mr. Yuen Kin NON-EXECUTIVE DIRECTORS Mr. Wong Kon Man Jason(Chairman)Dr. Liu Ka Ying Rebecca(Vice Chairman) INDEPENDENT NON-EXECUTIVEDIRECTORS Mr. Wong Kwan KitMr. Fan Chun Wah AndrewMr. Mung Yat Lik CHIEF EXECUTIVE OFFICER Dr. Liu Hin Wang Leris COMPANY SECRETARYMs. Lee Yuk Ping CORPORATE GOVERNANCECOMMITTEE Mr. Kwan Kin ChungMr. Wong Kon Man JasonMr. Yue Chi Wing AUDIT COMMITTEE Mr. Wong Kwan KitMr. Fan Chun Wah AndrewMr. Mung Yat Lik REMUNERATION COMMITTEE Mr. Fan Chun Wah AndrewMr. Kwan Kin ChungMr. Wong Kwan Kit CORPORATE INFORMATION公司資料 NOMINATION COMMITTEE Mr. Kwan Kin ChungMr. Fan Chun Wah AndrewMr. Wong Kwan Kit PRINCIPAL BANKERS The Hongkong and Shanghai BankingCorporation Limited SOLICITORS Appleby Michael Li & Co.Appleby AUDITOR Gary Cheng CPA LimitedCertified Public Accountants12th Floor, Elite Centre,22 Hung To Road,Kwun Tong, KowloonHong Kong 2212 REGISTERED OFFICE Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda Victoria Place, 5th Floor31 Victoria StreetHamilton HM 10Bermuda PRINCIPAL OFFICE Suite 1502, 15/F,Far East Finance Centre,16 Harcourt Road, AdmiraltyHong Kong 16151502 PRINCIPAL REGISTRAR MUFG Fund Services (Bermuda) Limited4th floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda CORPORATE INFORMATION公司資料 BRANCH REGISTRAR Computershare Hong Kong InvestorServices LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWan ChaiHong Kong 183171712-1716 COMPANY WEBSITE www.culturecom.com.hk www.culturecom.com.hk STOCK CODE 343 343 CHAIRMAN’S STATEMENT主席報告書 RESULTS 30,600,00062,365,00011,983,00012,052,00015,328,00050,313,0003,289,00037,223,00028,943,0002.21.8 The consolidated turnover of the Companyand its subsidiaries for the year ended 31March 2023 amounted to HK$30,600,000 (2022:HK$62,365,000) of which HK$11,983,000 (2022:HK$12,052,000) was attributable to the businessof publishing and intellectual properties ( “IPs”)licensing; HK$15,328,000 (2022: HK$50,313,000)w a sa t t r i b u t a b l e t o d i g i t a l m a r k e t i n g ;HK$3,289,000 (2022: HK$nil) was attributable toretailing and wholesales business. Loss for theyear attributable to equity holders, taking intoaccount of taxation, was HK$37,223,000 (2022:HK$28,943,000). The loss per share was HK2.2cents (2022: HK1.8 cents). FINAL DIVIDEND The Board of Directors has resolved not todeclare any final dividend for the year ended 31March 2023 (2022: nil). BUSINESS REVIEW Digital Marketing 201950,313,00069.5%15,328,000 The Group has experienced a rather challengingy e a r .A l t h o u g h l o c k d o w n s a n d b u s i n e s sdisruptions in People’s Republic of China (the“PRC”) due to Covid–19 had ended near theend of the fiscal year, the downward trend ofeconomic activities during the past two yearshad impacted our overall business activitiessignificantly, in particular in the digital marketingsegment. Against such acute business andeconomic environment, the Group focused onconserving resources, restructuring operations,and taking actions to control and reduce costsand expenses. During the year, the revenue ofdigital marketing has decreased 69.5% fromHK$50,313,000 in 2022 to HK$15,328,000 in 2023. CHAIRMAN’S STATEMENT主席報告書 BUSINESS REVIEW(Continued)Digital Marketing(Continued) In streamlining its operations, the operationof the Group’s two 55%-owned subsidiaries inBeijing, including Beijing Skyvior Technology Co.Ltd (“Beijing Skyvior”) and Hyperchannel InfoTech., Ltd (“Hyperchannel Info”), specializing indigital marketing, applying big data analysis inmatching IPs to assist customers in marketingproducts and services, were consolidated inlast year. The consolidation resulted significantcost savings. However, the revenue declinedd r a s t i c a l l y ,a s t h e p r o s p e c t o f b u s i n e s srecovering was unknown, and the operationsuffered a considerable brain drain. Subsequentto the fiscal year end, the Group decided todispose Hyperchannel Info to further streamlinethe structure of digital marketing segment.Also, upon discussion and negotiation withWPP Marketing (Hong Kong) Limited, our 19.9%joint-venture partner of Beijing Star EngineInformation Technology Co. Ltd. (“Beijing StarEngine”), it has been agreed to commencethe process of voluntarily winding up of BeijingStar Engine. Beijing Star Engine was set up in2021 and was engaged in