Top Page
Asia Television Holdings Limited
(0707)
Asia Television Holdings Limited (0707) vs. iShares MSCI Hong Kong ETF (EWH)
Asia Television Holdings Limited Business Overview & Revenue Model
Asia Television Holdings Limited Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 79.54M | 105.31M | 77.09M | 158.86M | 154.10M |
| Gross Profit | -23.67M | -22.53M | -14.43M | -7.63M | -25.38M |
| EBITDA | -83.42M | -81.60M | -78.95M | -93.01M | -148.57M |
| Net Income | -120.10M | -132.38M | -184.41M | -260.67M | -173.12M |
Balance Sheet | |||||
| Total Assets | 81.56M | 126.94M | 173.86M | 398.28M | 809.19M |
| Cash, Cash Equivalents and Short-Term Investments | 4.58M | 27.93M | 13.68M | 119.10M | 195.09M |
| Total Debt | 363.63M | 356.08M | 344.29M | 365.65M | 391.13M |
| Total Liabilities | 848.08M | 817.64M | 694.09M | 733.56M | 787.34M |
| Stockholders Equity | -429.96M | -390.16M | -250.62M | -128.80M | 126.27M |
Cash Flow | |||||
| Free Cash Flow | -85.37M | -28.89M | -4.64M | -16.41M | -53.53M |
| Operating Cash Flow | -85.31M | -28.03M | -4.64M | -2.40M | -35.78M |
| Investing Cash Flow | 10.53M | -5.13M | -13.58M | -16.16M | -30.75M |
| Financing Cash Flow | 62.85M | 46.83M | -7.79M | 3.69M | 86.73M |
Asia Television Holdings Limited Technical Analysis
Asia Television Holdings Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | 2.01B | 5.86 | 14.43% | 12.84% | -0.61% | -5.36% | |
70 Neutral | 787.50M | 4.99 | 20.53% | 8.89% | -8.00% | -11.37% | |
63 Neutral | 1.02B | 31.73 | 2.05% | 1.28% | -14.05% | 20.05% | |
61 Neutral | 5.44B | 34.81 | 14.91% | 0.60% | -6.27% | 27.12% | |
48 Neutral | 234.94M | -1.85 | -19.43% | ― | -39.86% | -377.55% | |
40 Underperform | HK$133.73M | ― | ― | -25.00% | 23.32% | ||
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
Asia Television Holdings Limited Corporate Events
Asia Television Holdings Limited has announced an extraordinary general meeting to be held on August 27, 2025, to vote on the removal of several directors, including both executive and independent non-executive directors. This meeting signifies a significant restructuring within the company’s board, potentially impacting its governance and strategic direction.
Asia Television Holdings Limited has clarified the details of its Extraordinary General Meeting (EGM) scheduled for 27 August 2025, in response to conflicting notices published by a Requisitionist. The company emphasized that the Requisitionist’s actions, including issuing unauthorized documents and notices, have caused confusion among shareholders and negatively impacted the company’s image. Asia Television Holdings Limited has fulfilled its obligations under its articles of association and urged the Requisitionist to cease its unsanctioned actions to protect shareholder interests.
Asia Television Holdings Limited has provided updates regarding the disclaimer of opinion on its 2024 financial statements, which raised concerns about the company’s ability to continue as a going concern. To address these concerns, the company has implemented several measures, including securing additional financing, improving receivables collection, and negotiating loan capitalizations. The company has also completed a placing agreement to raise approximately HK$20.56 million and is actively managing its relationships with creditors to prevent immediate repayment demands. Despite a recent demand for bond repayment, the company is negotiating with the bondholder and has not received any other demands or winding-up petitions.
Asia Television Holdings Limited has entered into an agreement to sell its 100% equity interest in a subsidiary, the Target Group, for HK$100,000. This transaction is classified as a discloseable transaction under the Listing Rules due to its percentage ratio. The Target Group, which has been experiencing financial losses, will cease to be a subsidiary of the company following the completion of the sale.
Asia Television Holdings Limited has announced the suspension of duties for its executive director, Ms. Zha Mengling, following allegations from a shareholder. The allegations involve the company’s recent share placing and rights issue, suggesting that the involved parties were not independent. In response, the board has formed an independent committee to investigate the claims, highlighting the seriousness of the situation and its potential impact on the company’s governance and stakeholder trust.
Asia Television Holdings Limited has issued a clarification regarding a requisition for convening an Extraordinary General Meeting (EGM). The Board has confirmed that it has validly convened the EGM for 27 August 2025, in compliance with its Articles of Association. A notice published by Oriental Textile Products Limited, attempting to convene an EGM on a different date, has been deemed invalid by the Board. The company is taking legal advice to address the Requisitionist’s actions and advises shareholders to disregard any contradictory notices.
Asia Television Holdings Limited has announced the appointment of Mr. Lu Zhiqiang as an executive director and the chairman of the board, effective from July 24, 2025. Mr. Lu brings extensive experience in corporate management and investment, having previously served as an independent non-executive director for both Asia Television Holdings and Leoch International Technology Limited. His appointment is set for an initial term of two years, with an annual remuneration of HK$1,200,000, reflecting the company’s strategic focus on strengthening its leadership team.
Asia Television Holdings Limited has announced the composition of its Board of Directors and the roles within its three key committees: Audit, Remuneration, and Nomination. This announcement clarifies the leadership structure, potentially impacting the company’s strategic direction and governance, which is crucial for stakeholders and investors.
Asia Television Holdings Limited has announced the receipt of a requisition from a shareholder, Oriental Textile Products Limited, to convene an extraordinary general meeting (EGM). The requisition seeks to remove several directors from their positions and authorize the remaining directors to take necessary actions to implement these changes. The EGM is scheduled for 27 August 2025, and the company is in the process of seeking professional advice regarding the requisition. Shareholders and potential investors are advised to exercise caution when dealing with the company’s securities.
Asia Television Holdings Limited announced the results of its Annual General Meeting held on June 25, 2025, where several resolutions were passed by shareholder vote. Notably, the re-election of some executive directors was approved, while others were not. The meeting also involved decisions on directors’ remuneration and the appointment of auditors. The outcomes of these resolutions could impact the company’s governance and operational strategies moving forward.
Asia Television Holdings Limited announced the composition of its Board of Directors, highlighting the roles and functions of its executive and independent non-executive directors. The announcement also detailed the membership of its three Board committees: Audit, Remuneration, and Nomination, which are crucial for the company’s governance and operational oversight.
Asia Television Holdings Limited announced the resignation of its Chief Executive Officer, Mr. Wei Gang, effective May 30, 2025, as he wishes to dedicate more time to personal affairs. The Board expressed gratitude for his contributions and confirmed there are no disagreements or issues related to his departure, ensuring a smooth transition for stakeholders.
Asia Television Holdings Limited has successfully completed the placement of 262,208,000 new shares under a general mandate, raising approximately HK$20.56 million in net proceeds. The funds will be allocated towards rental and utilities expenses, salaries, professional fees, and other operational costs, potentially strengthening the company’s financial position and operational capabilities.