2023-04-27-港交所-有线宽频_二零二二年年报_266页_11mb

2022 Annual Report Summary

Core Content

This summary provides an overview of the i-CABLE Communications Limited (the "Group") annual report for 2022, highlighting key achievements, strategies, and future goals in the media and telecommunications sectors.

Main Points

Company Information

• Board of Directors: Includes both executive and non-executive directors, with notable members such as Dr. CHENG Kar-Shun (Chairman), Tan Sri Dato' David CHIU (Vice-chairman), and other independent and executive directors.
• Audit Committee: Composed of Mr. LUK Koon Hoo (Chairman), Mr. HOONG Cheong Thard, and Mr. TANG Sing Ming Sherman.
• Nomination Committee: Led by Dr. HU Shao Ming Herman, including Mr. LAM Kin Fung Jeffrey and Mr. LUK Koon Hoo.
• Compensation Committee: Includes Mr. LAM Kin Fung Jeffrey (Chairman), Tan Sri Dato' David CHIU, Mr. TSANG On Yip, Patrick, Dr. HU Shao Ming Herman, and Mr. LUK Koon Hoo.
• Authorised Representatives: Mr. LIE KEN JIE Remy Anthony Ket Heng and Mr. KWOK Chi Kin.
• Company Secretary: Mr. KWOK Chi Kin.
• Principal Banker: Hongkong and Shanghai Banking Corporation Limited.
• Share Registrar: Tricor Tengis Limited, located at 17/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: PricewaterhouseCoopers.
• Corporate Website: www.i-cablecomm.com.
• Stock Code: 01097.

Chairman's Statement

• The Group is committed to the goal of "Narrating Hong Kong’s Story" and aims to become one of the leading media and telecommunications network operators in Hong Kong.
• In 2022, the Group launched HOY Infotainment (Channel 78) and rebranded Channel 77 to HOY TV, enhancing its media presence and influence.
• The Group expanded its free-to-air TV spectrum coverage to 99% of Hong Kong's population by September 2022, strengthening its position in the market.
• The Group also secured the exclusive broadcasting rights of the Asian Games 2023 in Hong Kong, marking its seventh consecutive year as the official broadcaster.
• The Group's online presence grew significantly, with Facebook pages reaching over 2 million followers and 110 million engagements in 2022.
• The Group launched new mobile applications for HOY and i-CABLE News, which saw over 860,000 and 1.4 million downloads, respectively.

Business Review

• Operating Environment: 2022 was a challenging year for the Group due to the impact of the fifth wave of the pandemic, global inflation, and geopolitical instability. Despite these difficulties, the Group maintained a relatively stable broadband customer base.
• Media Development: The Group expanded its free-to-air TV coverage, launched new channels (HOY TV and HOY Infotainment), and enhanced its digital media platforms.
• Content Production: A variety of diverse and quality content was produced, including dramas, lifestyle shows, health programs, and infotainment, which helped increase viewership and attract advertising revenue.
• Social Responsibility: The Group actively participated in social initiatives such as producing edutainment live programmes to support Hong Kong citizens during the pandemic. It also created a series of programmes to commemorate the 25th anniversary of the HKSAR.
• Strategic Transformation: The Group has been focusing on media and telecommunications transformation, with the termination of the Pay TV Licence in 2023 to shift resources towards Free TV and multimedia services.

Key Information

Free-to-Air TV Expansion

• Channel 76, Channel 77, and Channel 78 were launched and transmitted via the free-to-air TV spectrum.
• By September 2022, the Group achieved 99% coverage of Hong Kong's population.
• This expansion enabled the Group to serve a larger audience and increase market penetration.

Digital Media Growth

• Facebook Pages: Total followers reached over 2 million, with 110 million engagements in 2022, a 90% increase from 2021.
• Mobile Apps:
  • HOY Mobile App: Launched in June 2022, offering on-demand viewing and 24/7 live broadcast.
  • i-CABLE News App: Accumulated over 860,000 downloads.
  • i-CABLE Mobile: Reached over 1.4 million downloads.

Content Highlights

• Drama: "In the Storm" (黑金風暴), starring Raymond Lam and Chrissie Chau.
• Lifestyle: "Theme Cook", "Farmer Martin", "Noodle Bowls", etc.
• Health: "Fit to the Road", "Osamu Hayashi's Lecture", "Kaka's Home Clinic".
• Infotainment: "City Focus" (一線搜查), a community-focused programme that highlighted over 300 social issues by the end of 2022.

Strategic Shifts

• The Group has shifted focus from Pay TV to Free TV and multimedia services.
• The Pay TV Licence was terminated in February 2023, with the last broadcast expected in June 2023.
• The Group aims to build an open media platform for Hong Kong citizens, enhancing media influence and customer satisfaction.

Social Contributions

• The Group supported Hong Kong citizens during the pandemic by producing edutainment programmes and anti-epidemic songs.
• It also contributed to the 25th anniversary of the HKSAR by creating special programmes and marketing solutions, which boosted advertising revenue and sponsorship.

Summary

The Group has successfully expanded its media presence in 2022 by launching new channels and enhancing digital platforms, while also maintaining a stable broadband customer base amid challenging economic conditions. It has demonstrated a strong commitment to social responsibility, content diversity, and strategic transformation towards becoming a leading media and telecommunications operator in Hong Kong. The Group is now well-positioned for further growth and innovation in the evolving media landscape.