世大控股2023 中期业绩报告

(incorporated in the Cayman Islands with limited liability) CHARACTERISTICS OF GEM OFTHE STOCK EXCHANGE OF HONGKONG LIMITED (THE “STOCKEXCHANGE”) GEM GEM has been positioned as a market designed toaccommodate small and mid-sized companies towhich a higher investment risk may be attachedthan other companies listed on the Stock Exchange.Prospective investors should be aware of thepotential risks of investing in such companies andshould make the decision to invest only after dueand careful consideration. GEM Given that companies listed on GEM are generallysmall and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptibleto high market volatility than securities traded onthe Main Board and no assurance is given that therewill be a liquid market in the securities traded onGEM. GEMGEMGEM Hong Kong Exchanges and Clearing Limited andthe Stock Exchange take no responsibility for thecontents of this report, make no representationas to its accuracy or completeness and expresslydisclaim any liability whatsoever for any losshowsoever arising from or in reliance upon thewhole or any part of the contents of this report. GEM This report, for which the directors of GreatWorld Company Holdings Ltd (the “Company”)c o l l e c t i v e l ya n d i n d i v i d u a l l y a c c e p t f u l lresponsibility, includes particulars given incompliance with the Rules Governing the Listingof Securities on GEM of the Stock Exchange forthe purpose of giving information with regardto the Company. The directors of the Company,having made all reasonable enquiries, confirmthat to the best of their knowledge and belief theinformation contained in this report is accurateand complete in all material respects and notmisleading or deceptive, and there are no othermatters the omission of which would make anystatement herein or this report misleading. HIGHLIGHTS GEM(i)(ii)(iii)(iv) G r e a tW o r l d C o m p a n y H o l d i n g s L t d( t h e“Company”) is a company incorporated in theCayman Islands as an exempted company withlimited liability and its shares are listed on GEMof The Stock Exchange of Hong Kong Limited.The Company and its subsidiaries (the “Group”)are principally engaged in the businesses of (i)intelligent advertising and railroad media, (ii)agricultural, forestry and consumer products, (iii)supply-chain and (iv) property. For the three/sixmonths ended 30 September 2023, there wereno significant changes in the nature of theGroup’s principal activities. MANAGEMENT DISCUSSION ANDANALYSIS MARKET OVERVIEW Intelligent Advertising and Railroad MediaBusiness –Intelligent Advertising BusinessChina’s online advertising industry isexperiencing significant growth. The digitaladvertising market in China is projected toreach a market value of RMB450 billion by2025. The mobile segment plays a crucialrole in this growth, with mobile advertisingaccounting for a substantial portion of themarket. China’s evolving digital landscapeand the increasing number of internet userscontribute to the expansion of the onlineadvertising industry. As more people spendtime online, advertisers are shifting theirfocus towards digital platforms, includingdigital video, search engine, social media,and influencer advertising. This trend isexpected to continue, driving the growthof China’s online advertising market in thecoming years. 4,500 Railroad Media BusinessThe China travel and tourism market is 2.3 expected to experience a strong resurgencein 2023, with significant growth projectedin domestic tourism revenue. In the firsthalf of 2023, domestic tourism revenuereached RMB2.3 trillion, marking apositive trend. The outbound and inboundtourism markets have also surpassed thelevels observed in 2019, with averageexpenditures for outbound travelersincreasing. With travel restrictions beinglifted domestically and internationally,Chinese tourists express a strong desire totravel. The recent removal of quarantinerequirements could further fuel the demandfor trips abroad. The tourism industryshould be prepared for a boom in demandas Chinese tourists are expected to returnsoon. Agricultural, Forestry and Consumer ProductsBusiness The agriculture industry in China is facing severaldifficulties in 2023, primarily due to climateissues. The country is experiencing extremeweather events, including droughts, floods,and heatwaves, which are adversely affectingagricultural production. These climate shocksand shifting planting conditions pose significantrisks to the sector. 1.57%2.2 The global traditional Chinese medicine marketsize was RMB1.5 trillion in 2022. It is expectedthat the market will continue to expand at aCAGR of 7%. The Chinese government hasimplemented policies to support the developmentof traditional Chinese medicine, and the market isprojected to reach RMB2.2 trillion by 2027. Supply-chain Business The disruptions to supply chain operations areexpected to continue in 2023, driven by variousfactors such as geopolitical