柠萌影视二零二三年年度报告

股份代號 Stock Code : 9857(Incorporated in the Cayman Islands with limited liability)（於開曼群島註冊成立的有限公司） ANNUAL REPORT2023 Contents 2Corporate Profile3Corporate Information7Financial Highlights8Chairman’s Statement13Management Discussion and Analysis32Directors and Senior Management42Directors’ Report86Corporate Governance Report 119Independent Auditor’s Report 127Consolidated Statement of Profit or Loss andOther Comprehensive Income 128Consolidated Statement of Financial Position 130Consolidated Statement of Changes in Equity 131Consolidated Statement of Cash Flows 134Notes to Financial Statements Corporate Profile IP Linmon Media Limited (the “Company”, together with its subsidiaries(including consolidated affiliated entities of the Company), collectivelyreferred to as the “Group”, “our Group” or “we”) is a company focusingon creating premium original drama series based on our abundantreserve of original IPs. With the mission and vision of “shaping content by people, and shapingpeople with content”, since our inception in 2014, our Group has beendedicated to the full value chain of operations including investment,production, distribution, promotion, and derivatives licensing of dramaseries. Our main business lines cover the long-form original dramaseries, short drama series, content marketing and other businesses(includingdeveloping,producing and distributing films,investingin drama series as a non-executive producer, and licensing our IPderivatives adaptation rights, etc.). 2014IP 20232220IP By the end of 2023, our Group has produced and distributed atotal of 22 high-quality drama series. 20 of them are original dramaseries in which we acted as the lead/sole investor and the executiveproducer, and we therefore own proprietary rights of these dramaseries. They include day-to-day life themed drama series such as“ALove for Separation”(),“A Little Reunion”(), “A Little Dilemma” (), “Nothing but Thirty” (), and “Twenty Your Life On” () series, “NothingBut You” (), ancient costume themed drama series suchas “A Journey to Love” () and “Novoland: Eagle Flag”() and suspense themed drama series such as “Underthe Skin” () and “Nobody Knows” (), whichfocus on popular contemporary topics such as family life, education,and female empowerment, delivering positive value propositions andinspiring extensive discussion. Up to now, our Group has abundantoriginal IP reserve and high-quality content products, driving our Groupto become the top brand in the industry. IPIP Furthermore,our Group is committed to our diversified growthstrategies. We continue to explore new growth avenues such ascontent marketing, short drama series, overseas distribution and IPderivative development, in order to maximize the commercial valueof our proprietary IP rights and build a diversified business structure,thereby reinforcing our leadership in the industry. Corporate Information DIRECTORS Executive Directors Mr. Su Xiao(Chairman of the Board and President)Ms. Chen FeiMs. Xu Xiao’ouMr. Zhou Yuan Non-executive DirectorsMr. Sun ZhonghuaiMr. Zhang Rong Independent non-executive Directors JOINT COMPANY SECRETARIES (ACGHKACG)2023621(ACGHKACG)2023621 Ms. Li ZhenMs. Ng Ka Man(ACG, HKACG)(Appointed on 21 June 2023)Ms. Szeto Kar Yee Cynthia(ACG, HKACG)(Resigned on 21 June 2023) AUTHORISED REPRESENTATIVESMr. Zhou YuanMs. Li Zhen AUDIT COMMITTEE Ms. Tang Songlian(Chairman)Mr. Zhang RongMs. Long Yu NOMINATION COMMITTEE Mr. Su Xiao(Chairman)Ms. Long YuMr. Jiang Changjian REMUNERATION COMMITTEE Ms. Long Yu(Chairman)Mr. Su XiaoMr. Jiang Changjian REGISTERED OFFICE Suite #4-210, Governors Square23 Lime Tree Bay AvenuePO Box 32311Grand Cayman KY1-1209Cayman Islands Suite #4-210, Governors Square23 Lime Tree Bay AvenuePO Box 32311Grand Cayman KY1-1209Cayman Islands HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS IN CHINA 9931 31/F, Suhe CentreNo. 99 North Shanxi RoadJing’an DistrictShanghaiPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 31/F, Tower Two, Times Square1 Matheson StreetCauseway BayHong Kong 1231 AUDITOR 979127 Ernst & YoungCertified Public AccountantRegistered Public Interest Entity Auditor27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong LEGAL ADVISOR 127 As to Hong Kong laws:Clifford Chance27/F, Jardine HouseOne Connaught PlaceCentralHong Kong COMPLIANCE ADVISER 2920 Somerley Capital Limited20th Floor, China Building29 Queen’s Road CentralHong Kong CAYMAN ISLANDS PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE Osiris International Cayman LimitedSuite #4-210, Governors Square23 Lime Tree Bay Avenue, PO Box 32311Grand Cayman KY1-1209Cayman Islands Osiris International Cayman LimitedSuite #4-210, Governors Square23 Lime Tree Bay Avenue, PO Box 32311Grand Cayman KY1-1209Cayman Islands HONG KONG SHARE REGISTRAR 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKS 810 China Merchants Bank Co., Ltd.(Zhangyang Branch)No.810 Zhangyang RoadPudong New