KK文化：2018年報.pdf

1、KK Culture Holdings LimitedKK文化控股有限公司(continued in Bermuda with limited liability 於百慕達繼續經營之有限公司)(Stock Code 股份代號：550)Annual Report2018年報香港灣仔港灣道1號會展廣場辦公大樓44樓44/F,Office Tower,Convention Plaza,1 Harbour Road,Wan Chai,Hong Kongwww.kk-KK Culture Holdings LimitedKK 文化控股有限公司KK Culture Holdings LimitedKK文化

2、控股有限公司Annual Report 2018年報KK文化控股有限公司2018年年報1Contents目錄 Directors Statement董事會報告2Management Discussion and Analysis管理層討論與分析Business Review業務回顧4Prospects前景9Financial Review財務回顧9Financial Key Performance主要財務表現10Liquidity and Financial Resources流動資金及財政資源10Directors and Senior Management Profile董事及高級管理層履

3、歷15Directors Report董事會報告18Corporate Governance Report企業管治報告30Environmental,Social and Governance Report環境、社會及管治報告43Independent Auditors Report獨立核數師報告63Consolidated Statement of Profit or Loss and Other Comprehensive Income綜合損益及其他全面收益表70Consolidated Statement of Financial Position綜合財務狀況表72Consolidate

4、d Statement of Changes in Equity綜合權益變動表74Consolidated Statement of Cash Flows綜合現金流量表76Notes to the Financial Statements財務報表附註78Financial Summary財務摘要209Corporate Information公司資料211KK Culture Holdings LimitedAnnual Report 20182Directors Statement董事會報告 Dear Shareholders,I have the pleasure to present y

5、ou with the 2018 Annual Report of KK Culture Holdings Limited(the“Company”)and its subsidiaries(collectively the“Group”)for the year ended 31 December 2018(“FY2018”).TRAIN MEDIAThe Train Media Business performed disappointingly in FY2018.In our previous 2017 annual report,we expected the business wo

6、uld improve on the grounds that the Chinas economy got out from its trough and as a result,the Renminbi would strengthen.In addition,we changed our marketing strategy to accommodate to the requirements specific to the business.However,the macroeconomic condition in China was rather weakened and was