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Medialink Group Limited, 02230.HK - Company Profile
Chairman	Chiu Siu Yin Lovinia
Share Issued (share)	1,992,000,000
Par Currency	Hong Kong Dollar
Par Value	0.01
Industry	Publishing
Corporate Profile	Business Summary: The group was involved in the following principal activities: • media content distribution and investment in media content production (“Media Content Distribution Business”) • brand licensing (“Brand Licensing Business”) Performance for the year: For the year ended 31 March 2020, The Group’s Group’s revenue reached HK$315.1 million, representing a decrease of HK$160.4 million or 33.7% as compared to the year ended 31 March 2019, Our Group’s adjusted profit attributable to shareholders of the Company for the year ended 31 March 2020 would amount to HK$40.5 million, representing a decrease of HK$84.7 million or 67.7%, as compared to HK$125.2 million for the year ended 31 March 2019. Business Review During the Reporting Period, due to unfavorable global economic outlook and the outbreak of the coronavirus disease globally, the business environment has been difficult which has negatively impacted The Group’s financial performance. Despite the unprecedented hard times, the Group remains profitable and the Group’s financial position remains healthy with sufficient cash on hand which includes the fund raised from the Listing, to meet current business needs and development. The gross profit margin for the Reporting Period remains roughly the same as last year. Media Content Distribution Business Our Media Content Distribution Business continued to be The Group’s key revenue contributor during the Reporting Period, accounting for around 79% of The Group’s revenue. The unfavorable global economic outlook caused some of The Group’s clients paid slower or delayed purchase for contents as their stream of revenue from advertisements decreased. The global outbreak of the COVID-19 pandemic also slowed down business activities as many territories were locked down. Events for content acquisition and sales activities such as HK FILMART were delayed. But according to Maoyan Entertainment1 , the pandemic led to soaring traffic for online streaming platforms with total users increased by 17.4% during the Chinese New Year holiday watching dramas, comedy and movies. However, their advertising revenue has dropped. During the Reporting Period, there was no impact on movies distribution as cinemas closed after 28 March 2020 in Hong Kong. Taiwan’s cinemas remained open and The Group did not distribute any movies in China. During the Reporting Period, some of the more popular titles The Group brought to the market include “Dr. Stone”, “My Hero Academia Season 4”, “Food Wars! Shokugeki no Soma — The Plate of God” and “Haikyu! Season 4”. In addition, The Group acquired and distributed the popular Chinese drama series “Ever Night 2” (將夜2), “Count Your Lucky Stars” (我好喜歡你), “Moonshine & Valentine” (結愛千歲大人的初戀) to Asia. Market response to The Group’s titles has been positive. Demand for quality entertainment with easy access is heightened, especially when people maintain social distancing and stay home during the pandemic. For the inflight media content distribution, during the Reporting Period, The Group acquired more than 30 Asian titles including Asian blockbuster like “The Climbers” (攀登者), the beloved romantic comedy from Japan “Kaguya-Sama Love is War” and also the adorable and touching movie “Little Q” (導盲犬小Q). Brand Licensing Business Our Brand Licensing Business continues steady growth with revenue up 31%. During the Reporting Period, Brand Licensing Business accounted for 21% of The Group’s total revenue. The global outbreak of the COVID-19 pandemic slowed down business activities as many territories were locked down. Events and exhibitions for licensing opportunities such as some character-themed Charity Run and C3AFA HK were cancelled or delayed. However, as The Group have local teams in the region, business activities were not significantly disrupted. In line with The Group’s strategic plan, The Group expanded The Group’s licensing brands portfolios and categories. The Group have been appointed as the master licensee of Happiplayground, a local Hong Kong intellectual property (“IP”). The Group also represent two international brands, Finlayson and Pure Norway, brands that inspire nature and lifestyle. The Group continue to focus in building The Group’s evergreen and pre-school brands by adding in The Group’s portfolio Mr. Bean, Pinkfong and Baby Shark. With good and long-term partnership with The Group’s international licensors, licensees and teamwork, The Group won two awards. The Group’s exhibition showcasing Popeye’s 90th anniversary won the Star Award from the China Licensing Federation and China Licensing Expo. Also, The Little Prince Language Centre in China operated by The Group’s licensee won the 2019 Annual Influential English Brand for Young Learners from the Tencent News Education Award. Tapping on the rise of e-commerce, The Group’s licensee launched the first flagship store of Le Petit Prince on Tmall.com for official Le Petit Prince products. For The Group’s evergreen brand Garfield, The Group entered into new collaboration with top tier KOLs (key opinion leaders) and launched a variety of different collections of apparel, fashion bags and cosmetics for general consumers. The Group’s licensee also launched a Garfield themed cruise tour of the Pearl River in Guangzhou in July 2019 offering excitement to the city of Guangzhou and also attracting visitors from the Greater Bay Area. Ani-One® In line with The Group’s strategic plan, The Group have further strengthened and expanded The Group’s own proprietary content distribution platform — Ani-One®. In Hong Kong, The Group celebrated The Group’s 3rd anniversary of having The Group’s Ani-One® platform on myTV SUPER. In addition to landing in Taiwan, Singapore, Malaysia and Brunei, during the Reporting Period, The Group launched Ani-One® in Vietnam. In addition, The Group launched The Group’s flagship Anime Channel — Ani-One® YouTube Asia Channel in December 2019 and since then, the channel has approximately 200,000 subscribers as of 31 March 2020. Co-investment and The Group’s own IP We have increased The Group’s co-investment in content production portfolio with a view to having direct ownership of the underlying IP of such content either in the form of shared copyright and/or monetisation right. It elevates us to being a member of the production committee and also allows us to earn additional revenue in addition to the grant of The Group’s distribution right. During the Reporting Period, the first animation movie in which The Group co-invested and distributed — “Children of the Sea” (海獸之子) was released with a total box office of close to HK$3 million for Hong Kong and Taiwan. The movie is highlighted not only for its animation beauty but also for the prominent environmental conservation message it carries and received the “2019 Best Animation Film Award” in the 74th Mainichi Film Awards in Japan and “Animation Division — Grand Prize” in the 23rd Japan Media Arts Festival. The Group has also invested in a Chinese animated series “Kiki and Nuna”, which the Group has been granted the content distribution and licensing right globally. The distribution and licensing activities will be conducted globally in late 2020. We have also invested in three Hong Kong movies: (i) “The Shadows” (殘影空間), a psychological thriller; (ii) “One Second Champion” (一秒拳王), a motivational drama; and (iii) “Drifting” (濁水漂流) which talks about the lives of those who live under the flyovers of Sham Shui Po. Prospects: The outbreak of the coronavirus disease globally is expected to continue to affect many territories and businesses. According to World Economic Outlook April 2020 issued by the International Monetary Fund2 , the global economy is projected to contract sharply by -3% in 2020. Assuming the pandemic fades in the second half of 2020 and containment efforts can be gradually unwound, the global economy is projected to grow 5.8% in 2021 as economic activity normalises with policy support. But the risks for even more severe outcomes affecting the global economic outlook are substantial. In Hong Kong, the movie theatres were closed after 28 March 2020 and re-opened with restricted capacity on 8 May 2020. Some of The Group’s movies have delayed release. However, movie theatres remain open in Taiwan and The Group expect little impact on movies distribution. Japan had declared a state of emergency from 8 April 2020 to 25 May 2020. Animations and dubbing artists were not able to attend work and there will be delay and/or decrease in production output but as the emergency has lifted, the upcoming impact is moderate and The Group have also strengthened The Group’s library with other contents. Notwithstanding this unprecedented time and challenges ahead, The Group believe that The Group are in the right place with the right fundamentals navigating these challenges. The pandemic has affected lives and halted many business activities. However, it has also elevated the solidarity of humanity and produced new business formats adapting to the changes. Technology advancement is the key to The Group’s business evolvement — from linear TV to satellite TV to OTTs. Demand for good quality contents with easy access and at a faster rate is driven up even more by the technology advancement. More people also have to change purchasing habits from offline to online. We believe “content is king”. As rolled out in The Group’s last annual general meeting in September 2019, The Group’s 5 years (2019-2024) strategy will move the Group to ride with the technology advancement linking media players and brand owners and creating new markets and value for all. The Group will: 1. Expand The Group’s own content distribution platforms and e-commerce platform • Ani-One® Partnering with local OTT platforms, The Group will further expand The Group’s own Ani-One® channel in the territories of Indonesia, Thailand and India. Our flagship Anime Ani-One® YouTube channel, which was launched in the last quarter of 2019, has seen subscribers growing to more than 300,000 in mid June 2020. The Group will continue to develop more varieties such as anime music, game and live events. • Ani-Kids™ We will launch brand new kids channel targeting children of ages 3 to 8 in the third quarter of 2020 to bring fun, education and inspiration to the kids in Asia. • Ani-Mall™ Tapping into the e-commerce wave, The Group will also launch brand new e-commerce shopping platform, initially targeting anime lovers in late 2020. 2. Expand The Group’s strategic content and brand investment • The Group will expand The Group’s investments in The Group’s own IPs such as animated series, movies, TV series, characters and brands crossing over for IP commercialisation. The Group’s invested animated series of “Kiki and Nuna” will commence broadcasting in Mainland China in late 2020 and then in Asia with distribution and licensing activities. The Group will continue to collaborate with licensors and help them grow their brands by conducting different creative programs. • The Group will co-produce a TV drama series adapted from Japanese manga series “ORENCHI NO FUROJIJO” targeting to be released in 2021. • The Group will continue to serve as an ambassador of Hong Kong’s own media contents and brands, including local co-production of drama series and brands. The Group will utilise The Group’s expertise or invest to help promote media contents and brands created in Hong Kong to international markets. 3. Venture into new businesses • With The Group’s years of licensing experience, The Group know the markets well and The Group plan to be the licensee of The Group’s representing brands to develop innovative and interesting products for the customers. • The Group will look for investment and business opportunities such as music, video games, merchandise, etc. which complement with and can create synergies with The Group’s existing businesses. We will continue to build ourselves as the best platform for The Group’s partners, providing the best entertainment and brands for everyone in the globe.

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Public company info - Medialink Group Limited , 02230.HK