有线宽频二零二四年中期报告

Contents目錄 02Corporate Information04Highlights08Business Review18Management Discussion and Analysis34Report on Review of Interim Financial Information36Condensed Consolidated Statement of Profit orLoss38Condensed Consolidated Statement ofComprehensive Income39Condensed Consolidated Statement ofFinancial Position41Condensed Consolidated Statement of Changes inEquity43Condensed Consolidated Statement of Cash Flows45Notes to the Condensed Consolidated InterimFinancial Information81Corporate Governance and Additional Information The English text of this interim report shall prevail over the Chinese text in caseof inconsistencies or discrepancies. Corporate Information公司資料 BOARD OF DIRECTORS GBM, GBSBBSGBM, GBS, JPGBS, JPBBS, JP Dr. CHENG Kar-Shun, HenryGBM, GBS(Chairman, Non-executive Director)Mr. TSANG On Yip, PatrickBBS(Vice-chairman, Executive Director)Mr. LIE KEN JIE Remy Anthony Ket Heng(Executive Director)Mr. TO Chi Hak(Chief Executive Officer, Executive Director)Dr. LUK Wai Ki Elvis(Executive Director)Ms. NG Yuk Mui Jessica(Non-executive Director)Mr. LAM Kin Fung JeffreyGBM,GBS, JP(Independent non-executive Director)Prof. HU Shao Ming HermanGBS, JP(Independent non-executive Director)Mr. LUK Koon Hoo, RogerBBS, JP(Independent non-executive Director)Mr. TANG Sing Ming Sherman(Independent non-executive Director) AUDIT COMMITTEE Mr. LUK Koon Hoo, Roger(Chairman)Prof. HU Shao Ming HermanMr. TANG Sing Ming Sherman NOMINATION COMMITTEE Prof. HU Shao Ming Herman(Chairman)Mr. LAM Kin Fung JeffreyMr. LUK Koon Hoo, Roger COMPENSATION COMMITTEE Mr. LAM Kin Fung Jeffrey(Chairman)Mr. TSANG On Yip, PatrickProf. HU Shao Ming HermanMr. LUK Koon Hoo, Roger Corporate Information公司資料 AUTHORISED REPRESENTATIVES Mr. LIE KEN JIE Remy Anthony Ket HengMs. LAU Yee Wa COMPANY SECRETARYMs. LAU Yee Wa PRINCIPAL BANKERThe Hongkong and Shanghai BankingCorporation Limited SHARE REGISTRAR AND TRANSFEROFFICE Tricor Tengis Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong REGISTERED OFFICE 7th Floor, Cable TV Tower,9 Hoi Shing Road,Tsuen Wan,Hong Kong INDEPENDENT AUDITOR PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor www.i-cablecomm.com CORPORATE WEBSITEwww.i-cablecomm.com 01097 STOCK CODE01097 Highlights摘要 •The economic rebound in 2024 has not metgeneral expectation amid the full reopening of theborder. Despite the challenging operatingenvironment, i-CABLE Communications Limited(the“Company”or“i-CABLE”), its subsidiaries andconsolidated structured entities (collectively the“Group”) recorded an increase in revenue fromcontinuing operations in the first half of 2024 ascompared to the corresponding period of last year.• 78,000,000107,000,00037%39% •Revenue from continuing operations generatedf r o m t h e m e d i a s e g m e n t i n c r e a s e d t oapproximately HK$107 million or approximately37% for the six months ended 30 June 2024 fromapproximately HK$78 million for the six monthsended 30 June 2023, mainly attributable fromincrease in advertising revenue by approximately39%. 172,00060,000151,00052,0001 8 6 , 0 0 0 , 0 0 016,000,000170,000,000 •The number of broadband and telephony customersin June 2024 decreased to approximately 151,000a n d 5 2 ,0 00 , r es p ect i vel y, as comp ar ed t oapproximately 172,000 and 60,000, respectively inJune 2023. Due to keen market competition,revenue from the telecommunications segmentdecreased by approximately HK$16 million fromapproximately HK$186 million for the six monthsended 30 June 2023 to approximately HK$170million for the six months ended 30 June 2024. Highlights摘要 •Segment loss before depreciation and amortisationof other intangible assets from continuingoperations of the media segment increased, whiles e g m e n t p r o f i t b e f o r e d e p r e c i a t i o n a n damortisation of other intangible assets of thetelecommunications segment increased during thesix months ended 30 June 2024 as compared tothe last corresponding period.• 255,000,000197,000,00029% •The Group recorded an increase in the loss for thesix months ended 30 June 2024 to approximatelyHK$255 million, representing an increase ofapproximately 29% as compared to the loss ofapproximately HK$197 million for the six monthsended 30 June 2023.• 18% •The Group has implemented several cost-savingmeasures to improve the operational efficiency andperformance. As compared to the second half of2023, after taking out the non-cash impairmentlosses recognised during that period, the Grouphas recorded a decrease in total operatingexpenses by approximately 18%.• Highlights摘要 1. 1.Net gearing ratio represents total interest-bearing borrowings andconvertible bonds less cash and bank balances and restrictedbank balances divided by total deficit. Business Review業務回顧 OPERATING ENVIRONMENT The economic rebound in 2024 has not met generalexpectations amid the full reopening of the border. Onenotable trend is that Hong Kong citizens favour trips