美亚娱乐资讯二零二五年年报

ANNUAL REPORT2025 CONTENTS Corporate Information2Chairman’s Statement4Directors’ and Senior Management’s Profile12Corporate Governance Report17Report of the Directors30Independent Auditor’s Report56Consolidated Income Statement69Consolidated Statement of Comprehensive Income70Consolidated Balance Sheet71Consolidated Statement of Changes in Equity73Consolidated Cash Flow Statement75Notes to the Consolidated Financial Statements77Five Year Financial Summary226Schedule of Principal Investment Properties227 CORPORATE INFORMATION DIRECTORS Executive DirectorsMr. Li Kuo Hsing(Chairman)Mr. Li Tang YukDr. Dong Ming Independent Non-Executive Directors Mr. Guo Yan JunMr. Leung Tak Sing, DominicMr. Ma Fung KwokMr. Xu LinMr. Cheung Chin HooMs. Law Sau Lai COMPANY SECRETARYMr. Chan Lun Ho REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda HEAD OFFICE AND PRINCIPAL PLACE OFBUSINESS 285 5th Floor, Mei Ah Centre28 Chun Choi StreetTseung Kwan O Industrial EstateKowloonHong Kong PRINCIPAL BANKERS Bank of China (Hong Kong) LimitedChiyu Banking Corporation Limited AUDITOR 22 PricewaterhouseCoopersCertified Public AccountantsRegistered Public Interest Entity Auditor22nd Floor, Prince’s BuildingCentralHong Kong 2MEI AH ENTERTAINMENT GROUP LIMITED CORPORATE INFORMATION PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Appleby Global Corporate Services(Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM 1179,Hamilton HM EXBermuda Appleby Global Corporate Services (Bermuda) Limited Canon’s Court, 22 Victoria Street,PO Box HM 1179,Hamilton HM EXBermuda HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Tengis Limited17/F, Far East Finance Centre,16 Harcourt Road,Hong Kong AUDIT COMMITTEE AND REMUNERATIONCOMMITTEE Mr. Cheung Chin Hoo(Chairman)Mr. Guo Yan JunMr. Leung Tak Sing, Dominic NOMINATION COMMITTEE Mr. Guo Yan Jun(Chairman)Mr. Li Kuo HsingMr. Li Tang YukMr. Leung Tak Sing, DominicMs. Law Sau Lai AUTHORISED REPRESENTATIVES Mr. Li Kuo HsingMr. Li Tang Yuk www.meiah.comwebmaster@meiah.com website: www.meiah.come-mail: webmaster@meiah.com CHAIRMAN’S STATEMENT On behalf of the Board of Directors of Mei Ah EntertainmentGroup Limited (the “Company”), I hereby present the annualreport of the Company for the year ended 31st March 2025 tothe Shareholders of the Company. BUSINESS REVIEW AND MANAGEMENT DISCUSSIONAND ANALYSIS 110,344,000117,836,00011,123,00056,599,00056,682,00021,449,000(i)(ii)(iii)(iv) During the year ended 31st March 2025, the Company and itssubsidiaries (together the “Group”) recorded a consolidatedrevenue of HK$110,344,000 (2024: HK$117,836,000), grossprofit of HK$11,123,000 (2024: HK$56,599,000) and lossattributable to owners of the Company of HK$56,682,000(2024: HK$21,449,000). The drop in gross profit and increasednet loss was mainly attributable to (i) decrease in revenuerecognized under the segment “channel operations” and “filmexhibition and film rights licensing and sub-licensing” which isin turn due to the renewal of contracts with platform operatorwith concession and less titles delivered and completed duringthe year under contracts with certain media platforms followingthe phase completion of those contracts respectively; (ii) thebelow-expected results and the loss expected to be incurredin respect of certain film titles and a musical performancereleased by the Group during the year; (iii) provision forimpairment of property, plant and equipment and right-of-useassets in respect of the Group’s cinema operations; and (iv)the increased deficit on revaluation of investment propertiesfollowing the current market trend. The directors do notrecommend the payment of a dividend (2024: Nil). 33,000,00024,000,000 The contribution of revenues from the Group’s channeloperations segment for the period dropped from approximatelyHK$33 million to approximately HK$24 million. myTV SupermyTVSuper In Hong Kong, the Group is supplying a Chinese movie channelwith hundreds of movies to TVB’s new media platform, namelymyTV Super, the content of which are receivable by viewersvia all devices, including big screens, mobile phones, APPsand PCs. During the year, the original content supply contractwith myTV Super expired in mid-2024. We have successfullyrenewed a multiple year contract with this platform withconcession in our license fee and accordingly caused the dropin the segment’s revenue. We exercised careful control on ourcontent costs and overheads and streamed some workingprocedures to achieve the highest operation efficiency.Our contents enjoyed high ratings according to the surveyconducted by the platform. CHAIRMAN’S STATEMENT YouTube OTT Our movies in the Youtube OTT platform are well received byviewers worldwide. YoutubeYoutube8001002Youtube In addition to the Chinese version in the Youtube service, wedubbed our movies in Vietnamese and Thai languages toserve audience in the markets, recei