有线宽频二零二五年中期报告

Contents目錄 02Corporate Information04Highlights08Business Review19Management Discussion and Analysis35Report on Review of Interim Financial Information37Condensed 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 Information80Corporate 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, RogerMs. NG Yuk Mui Jessica 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 HengMr. LEE Lung Piu COMPANY SECRETARYMr. LEE Lung Piu PRINCIPAL BANKERThe Hongkong and Shanghai BankingCorporation Limited SHARE REGISTRAR AND TRANSFEROFFICE Tricor Investor Services 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 WEBSITE www.i-cablecomm.com 01097 STOCK CODE01097 Highlights摘要 7%15% •H o n g K o n g’s e c o n o m y c o n t i n u e s t o f a c econsiderable uncertainties. Driven by structuralchanges in the local consumption landscape andan increase in cross-border spending, a shift inconsumption pattern is well underway. A modestimprovement shown in the retail sector, however,the overall pace of recovery remains mild. Inview of the challenging operating environment,i-CABLE Communications Limited (the“Company”or“i-CABLE”), its subsidiaries and consolidatedstructured entities (collectively the“Group”)recorded an approximately 7% decrease in totaloperating expenses and a 15% improvement to lossfor the period in the first half of 2025 as compared tothe corresponding period of last year. 107,000,00092,000,000 •Revenue derived from the media segmentdecreased to approximately HK$92 million for thesix months ended 30 June 2025 from approximatelyHK$107 million for the six months ended 30June 2024, mainly attributable from decrease inadvertising sales revenue. 170,000,00015,000,000185,000,000B2B •Revenue derived from the telecommunicationssegment increased by approximately HK$15million from approximately HK$170 million for thesix months ended 30 June 2024 to approximatelyHK$185 million for the six months ended 30 June2025 mainly due to increase in other business-to-business (“B2B”) telecommunications revenues. Highlights摘要 12%46% •Segment loss before depreciation, amortisation ofother intangible assets and impairment losses ofthe media segment improved by approximately12%, while segment profit before depreciation,amortisation of other intangible assets andimpairment losses of the telecommunicationssegment increased by approximately 46% duringthe six months ended 30 June 2025 as comparedto the last corresponding period.• 217,000,000255,000,00038,000,00015% •The Group recorded a decrease in the netloss for the six months ended 30 June 2025 toapproximately HK$217 million, representing adecrease of approximately HK$38 million or 15% ascompared to the net loss of approximately HK$255million for the six months ended 30 June 2024.• 7% •The Group has implemented several cost-savingmeasures to improve the operational efficiencyand performance. As compared to the lastcorresponding period, the Group has recordeda decrease in total operating expenses byapproximately 7%.• Highlights摘要 1. 1.Net gearing ratio represents total interest-bearing borrowingsand convertible bonds less cash and bank balances and restrictedbank balances divided by total deficit. Business Review業務回顧 OPERATING ENVIRONMENT 2.4% Hong Kong’s economy continues to face considerableuncertainties. Driven by structural chan