financial highlights

Revenue from External Customers by Operating Segment

% relating to 1st half of 2022 are shown in brackets

Hong Kong TV

Broadcasting

40%

(33%)

OTT Streaming

11%

(9%)

e-Commerce

Business

17%

(25%)

Mainland China

International

Operations

Operations

20%

(22%)

12% (11%)

Revenue by Geographical Locations

% relating to 1st half of 2022 are shown in brackets

Hong Kong 69% (68%)

Mainland China 20% (22%)

Malaysia and Singapore 5% (4%)

USA and

Vietnam

Other

Canada

1% (1%)

territories

4% (3%)

1% (2%)

Prot/Loss Attributable to

Equity Holders of the Company

1st Half

2nd Half

400

200

million

0

-200

HK$

-400

-600

-800

Performance

  • Loss per share
    Interim dividends per share
    Revenue from external customers
    • Hong Kong TV Broadcasting
    • OTT Streaming
    • e-CommerceBusiness
    • Mainland China Operations
    • International Operations

Segment EBITDA

  • Hong Kong TV Broadcasting
  • OTT Streaming
  • e-CommerceBusiness
  • Mainland China Operations    
  • International Operations

Total expenses 

Loss attributable to equity holders

Total assets

Total liabilities

Total equity

Number of issued shares

Ratios

Current ratio

Gearing

Six months ended 30 June

2023

2022

Change

HK$(0.93)

HK$(0.51)

-82%

-

-

N/A

HK$'mil

HK$'mil

628

596

5%

168 169 -1%

271 461 -41%

313 403 -22%

180 191 -6%

1,560

1,820

-14%

  1. (210) -2%

36

26

38%

(22)

(41)

46%

(12)

115

N/A

2638 -32%

  1. (72) -158%

1,927

2,111

-9%

  1. (224) -82%

30 June

31 December

2023

2022

HK$'mil

HK$'mil

6,674

7,045

-5%

3,539

3,441

3%

3,135

3,604

-13%

438,218,000

438,000,000

2.0

2.3

46.5%

34.4%

2019

2020

2021

2022

2023

YEAR

  • represented the total of cost of sales, selling, distribution and transmission costs and general and administrative expenses

Contents

2 CORPORATE INFORMATION

MANAGEMENT DISCUSSION AND ANALYSIS

  1. Highlights and Outlook
  2. Hong Kong TV Broadcasting
  1. OTT Streaming
  1. e-CommerceBusiness
  2. Mainland China Operations
  1. International Operations
  2. Financial Review

19 CORPORATE GOVERNANCE AND OTHER INFORMATION

FINANCIAL INFORMATION

28 Interim Financial Information

63 Report on Review of Interim Financial Information

Television Broadcasts Limited Interim Report 2023

1

CORPORATE INFORMATION

CHAIRMAN EMERITUS

The late Sir Run Run SHAW GBM

BOARD OF DIRECTORS

EXECUTIVE CHAIRMAN

Thomas HUI To

NON-EXECUTIVE DIRECTORS

LI Ruigang

Anthony LEE Hsien Pin

Kenneth HSU Kin

INDEPENDENT NON-EXECUTIVE DIRECTORS

Dr. William LO Wing Yan JP

Dr. Allan ZEMAN GBM, GBS, JP

Felix FONG Wo BBS, JP

BOARD COMMITTEES

EXECUTIVE COMMITTEE

Thomas HUI To Chairman

LI Ruigang

Eric TSANG Chi Wai General Manager

  (Content Operations)

SIU Sai Wo General Manager (Business Operations)

AUDIT COMMITTEE

Dr. William LO Wing Yan Chairman

Anthony LEE Hsien Pin

Felix FONG Wo

REMUNERATION COMMITTEE

Dr. Allan ZEMAN Chairman

LI Ruigang

Felix FONG Wo

NOMINATION COMMITTEE

Thomas HUI To Chairman

Anthony LEE Hsien Pin

Dr. William LO Wing Yan

Dr. Allan ZEMAN

Felix FONG Wo

INVESTMENT COMMITTEE

Anthony LEE Hsien Pin Chairman

Thomas HUI To

Ian LEE Hock Lye Head of Corporate Development and   Acting Chief Financial Officer

REGULATORY COMMITTEE

Felix FONG Wo Chairman

Dr. William LO Wing Yan

Desmond CHAN Shu Hung Deputy General Manager   (Legal and International Operations)

SENIOR MANAGEMENT

Eric TSANG Chi Wai General Manager

  (Content Operations)

SIU Sai Wo General Manager (Business Operations) Desmond CHAN Shu Hung Deputy General Manager   (Legal and International Operations)

Rex CHING Chit Group Chief Technology Officer

Ian LEE Hock Lye Head of Corporate Development and   Acting Chief Financial Officer

ACTING COMPANY SECRETARY

Desmond CHAN Shu Hung

Email: companysecretary@tvb.com.hk

Fax: +852 2358 1337

2 Television Broadcasts Limited Interim Report 2023

REGISTERED OFFICE

AMERICAN DEPOSITARY RECEIPTS

TVB City, 77 Chun Choi Street

Computershare Investor Services

Tseung Kwan O Industrial Estate

P.O. Box 43078

Kowloon, Hong Kong

Providence, RI 02940-3078

United States of America

AUDITOR

INVESTOR RELATIONS

PricewaterhouseCoopers

Certified Public Accountants

Winnie FAN Wing Yu

Registered Public Interest Entity Auditor

Email: ir@tvb.com.hk

Fax: + 852 2358 1337

LEGAL ADVISERS

WEBSITE

Freshfields Bruckhaus Deringer

Stephenson Harwood

https://corporate.tvb.com

PRINCIPAL BANKERS

Shanghai Commercial Bank Limited

Bank of Communications Co., Ltd.

Standard Chartered Bank (Hong Kong) Limited

The Hongkong and Shanghai Banking

  • Corporation Limited
    UBS AG

SHARE REGISTRAR AND TRANSFER

OFFICE

Computershare Hong Kong Investor Services

  Limited

Shops 1712-1716, 17th Floor

Hopewell Centre

183 Queen's Road East

Wan Chai, Hong Kong

STOCK CODES

TVB Ordinary Shares

The Stock Exchange of Hong Kong: 00511

Reuters:

0511.HK

Bloomberg:

511 HK

TVB ADR Level 1 Programme:

TVBCY

Television Broadcasts Limited Interim Report 2023

3

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Disclaimer

TVB - Television Broadcasts Ltd. published this content on 11 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 September 2023 09:42:05 UTC.