承興國際控股有限公司 ( 於開曼群島註冊成立之有限公司 ) 股份代號 :2662 2O18/19 中期報告

承興國際控股有限公司 ( 於開曼群島註冊成立之有限公司 ) 股份代號 :2662 2O18/19 中期報告

目錄 2 11 2O18/19 15 16 18 20 21 22

2O18/19 % 2,318,659 1,433,504 885,155 61.7% 2,131,327 1,129,218 1,002,109 88.7% 187,332 304,286 (116,954) (38.4%) 190,787 79,030 111,757 141.4% 175,880 65,463 110,417 168.7% 14,907 13,567 1,340 9.9% 144,023 44,416 99,607 224.3% 103,562 45,218 58,344 129.0% 40,461 (802) 41,263 (5,145.0%) 0.14 0.04 0.10 250.0% 2,318,659,000 61.7% IP IPIP 2,131,327,000 88.7% 190,787,000141.4% 5.5%8.2%144,023,000 224.3%103,562,000 129.0%0.14 250.0% Fittec (BVI) Limited 37,658,000 IPIP+ IP+ 2

2O18/19 IP IPIP IP IPIPIPIP IPIP IPIP POW! Entertainment Inc. ( POW! Entertainment ) IP POW! Entertainment250 IP IP IPIP IP KBS IP KBS IP The B-Team IP 3

2O18/19 Lucky ManLucky Man Lucky Man Carnival FilmsSuper Recognizer Audibles Audibles IP Between The Lines QQ IP IP The Real Stan lee IP Backchannel Webtoon 4

2O18/19 IP IP IP IP 6 5

承興國際控股有限公司 2O18/19 中期報告 管理層討論及分析 本集團作為 甜蜜暴擊 銀行渠道的獨家授權代理商 通過整 合自身的渠道優勢 成功促成廣發銀行成功發行 甜蜜暴擊 聯名信用卡 二零一八年底 本集團還通過 IP+ 情感 的營銷 策略 成功將大力水手 IP 引入國內信用卡行業 促成廣發銀行 成功發行大力水手信用卡 此外 在游戲領域 與微贏互動關於日本游戲 K 的授權聯合開 發和運營的合作仍然繼續 預計二零一九年推出手游上綫發行 IP 衍生品銷售及移動設備 本集團一直致力於為客戶提供正版授權的原創 IP 衍生產 品 擁有專業的產品設計團隊及穩定優質的授權生產廠 家 將本集團孵化的自有 IP 及外部引進的 IP 通過巧妙的 外觀設計 製作出廣受年輕人及各 IP 目標受眾喜歡的 3C 周邊產品 時尚配飾 也為各金融機構提供獨家定制的 IP 衍生品 6

2O18/19 B2B IP IP 7

2O18/19 200 IP IP IP IP IP IP IPIP IP 8

2O18/19 IP+ IPIP 25,423,000 493,729,000 389,966,000 3.52 2.33 588,276,000 486,512,000 20.9%0.020.02 9,182,000 8,669,000 584,397,000 481,181,000 Time Chain Holdings Limited Fittec (BVI) Limited 140,000,000 Fittec (BVI) Limited 37,658,000 9

2O18/19 95741110 1.2 12,926,000 10

2O18/19 XV(a)XV 7 8 (b)352 (c) 0.1 698,769,952 64.87% 698,769,952 676,864,150 China Base Group Limited China Base China Base 21,905,802 Creative Elite Holdings Limited Creative EliteCreative Elite China Base Creative Elite 698,769,952 352 XV23336 10% 11

2O18/19 0.1 China Base 676,864,150 676,864,150 62.83% China Base 14 A.2.1 A.2.1 A.2.1 10 12

2O18/19 18 18 17 13

2O18/19 14

2O18/19 16 50 3434 34 2410 34 15

2O18/19 3 2,131,327 1,129,218 (1,955,447) (1,063,755) 175,880 65,463 1,202 1,163 (818) 3,160 (9,244) (2,640) (28,039) (19,954) (553) (1,691) (65) (75) 138,363 45,426 4 (34,801) (208) 5 103,562 45,218 6 40,461 (802) 144,023 44,416 (22,251) 19,076 8,601 (9,491) (10,369) (1,768) (9,491) (24,019) 9,585 120,004 54,001 16

2O18/19 105,018 46,271 40,461 (802) 145,479 45,469 (1,456) (1,053) 144,023 44,416 121,456 55,068 (1,452) (1,067) 120,004 54,001 8 0.14 0.04 0.10 0.04 17

2O18/19 9 4,532 2,304 909 1,011 1,764 1,833 49,478 53,822 57,398 57,508 114,081 116,478 10 658,123 438,905 5,877 25,423 36,543 689,423 475,448 6 206,872 689,423 682,320 11 115,350 168,706 33,497 46,809 31,692 38 40 195,694 200,438 6 91,916 195,694 292,354 493,729 389,966 607,810 506,444 9,144 8,629 12 10,390 11,303 19,534 19,932 588,276 486,512 18

2O18/19 13 107,712 107,712 476,685 373,469 584,397 481,181 3,879 5,331 588,276 486,512 19

2O18/19 i ii 107,712 366,526 11,478 6,400 (8,892) (98,003) 385,221 (146) 385,075 45,469 45,469 (1,053) 44,416 9,599 9,599 (14) 9,585 9,599 45,469 55,068 (1,067) 54,001 15 5,745 5,745 107,712 366,526 11,478 6,400 707 (52,534) 440,289 4,532 444,821 107,712 366,526 11,478 6,400 249 (11,184) 481,181 5,331 486,512 2 (5,314) (5,314) (5,314) 107,712 366,526 11,478 6,400 249 (16,498) 475,867 5,331 481,198 145,479 145,479 (1.456) 144,023 (13,654) (13,654) 4 (13,650) 6(a) (10,369) (10,369) (10,369) (24,023) 145,479 121,456 (1,452) 120,004 7 (12,926) (12,926) (12,926) 16,584 (16,584) 107,712 353,600 11,478 6,400 (7,190) 112,397 584,397 3,879 588,276 (i) (ii) 20

2O18/19 (45,339) (5,251) 6 16,631 126 95 (3,460) (2,248) 15 (75,627) (1,152) 150 13,297 (78,782) 1,716,605 1,088,328 (1,699,614) (1,028,776) 7 (12,926) (40) 4,025 59,552 (28,017) (24,481) 36,543 68,902 17,534 54,077 68,902 (637) 1,944 25,423 46,365 21

2O18/19 1. 34 3416 2. 9 15 22 2 4 28 40 4 9 22

2O18/19 2. 2.1 15 15 15 18 IP IP IP 15 15 18 2.1.1 15 15 23

2O18/19 2. 2.1 15 2.1.1 15 15 IP 152.1.2 9 24

2O18/19 2. 2.1 15 2.1.1 15 IP IP IP IP IP IP IP 25

2O18/19 2. 2.1 15 2.1.1 15 15 15 IP IP IP IP IP IP 12,679,000 IP 2.1.2 15 15 IP IP IP 26

2O18/19 2. 2.1 15 2.1.2 15 15 18IP 15 15 (a) 168,706 (5,783) 162,923 (a) 5,783 5,783 (a) 5,783,000 15 27

2O18/19 2. 2.1 15 2.1.2 15 15 (b) 5,877 (5,877)* (a) (b) 115,350 33,161 148,511 (a) 33,497 (33,497) * 951,000 15 (b) 2,131,327 (5,592) 2,125,735 (a) 33,497,000 15 (b) 18IP 15IP 15 15 5,592,000 IP 5,928,000 9 336,000 28

2O18/19 2. 2.2 9 9 91)2) 3) 9 9 39 2.2.1 9 15 9 9 39 29

2O18/19 2. 2.2 9 2.2.1 9 9 12 1212 12 30

2O18/19 2. 2.2 9 2.2.1 9 30 i ii iii 90 31

2O18/19 2. 2.2 9 2.2.1 9 9 2.2.2 32

2O18/19 2. 2.2 9 2.2.2 9 9 39 39 9 145,018 126,286 (11,184) (a) (4,793) (521) (5,314) 140,225 125,765 (16,498) (a) 9 12 5,314,000 39 39 6,861 4,793 521 4,832 7,382 33

HK$ 000 2O18/19 2. 2.3 15 9 438,905 (521) 438,384 206,872 (4,793) 202,079 168,706 (5,783) 162,923 5,783 5,783 11,184 5,314 16,498 3. (i) IP(ii)IP IP 6 6 34

2O18/19 3. 3A. IP IP IP 2,038,089 36,954 13,027 20,426 IP 12,679 IP 10,152 2,038,089 93,238 2,038,089 55,232 32,600 5,406 2,038,089 93,238 2,038,089 20,426 72,812 2,038,089 93,238 35

2O18/19 3. 3B. IP 2,038,089 1,063,597 IP 93,238 65,621 2,131,327 1,129,218 IP 134,948 24,663 IP 40,932 40,800 175,880 65,463 (37,283) (22,594) 384 4,323 (553) (1,691) (65) (75) 138,363 45,426 36

2O18/19 4. 3,283 32,223 8,178 186 200 12 (891) (8,170) 34,801 208 16.5% 25% 10% 37

2O18/19 4. 21% (a) 21%15% 35% (b) 5. 366 269 4,245 1,390 777 (3,160) (107) (66) 51 (10) 6(b) (5) 38

2O18/19 6. (a) Fittec (BVI) Limited Fittec (BVI) Limited Fittec BVI 140,000,000 2,803 (802) 37,658 40,461 (802) 39

2O18/19 6. (a) Fittec (BVI) Limited 187,332 304,286 (172,425) (290,719) 14,907 13,567 537 812 450 (359) (2,975) (2,371) (10,116) (12,451) 2,803 (802) 2,803 (802) 37,658 40,461 (802) 63 (52) 1,611 3,476 100 8 68 () (513) 410 (19) (29) 40

2O18/19 6. (a) Fittec (BVI) Limited 25,008 33,749 130,581 17,534 206,872 89,935 1,981 91,916 140,000 23,156 29,106 107,997 21,235 (68,936) (1,981) 110,577 41

2O18/19 6. (a) Fittec (BVI) Limited 140,000 (110,577) 10,369 (2,134) 37,658 100,000,000 40,000 (21,235) (2,134) 16,631 5,196 425 (722) (2,010) 4,474 (1,585) 42

2O18/19 6. (b) First Creative International Limited First Creative 1,260,000 1,437,000 First Creative 780,000 891,000 1,437 2,931 First Creative 891 (1,499) 2,323 1,437 (2,323) 891 5 260,000 260,000 43

2O18/19 7. 1.2 12,926,000 8. 145,479,000 45,469,000 1,077,128,000 1,077,128,000 105,018,000 46,271,000 1,077,128,000 1,077,128,000 40,461,000 802,000 1,077,128,000 1,077,128,000 0.04 0.07 9. 2,718,000 2,248,000 98,000 150,000 52,000 44

2O18/19 10. 30180 0 30 34,403 21,968 31 60 3,162 65,997 61 90 202 1,708 91 180 690 38,457 89,673 615,191,000 345,959,000 1,437,000 6(b) 11. 30180 0 30 35,918 16,919 31 60 2,012 91 180 14,014 1,674 51,944 18,593 25,308,000 8,976,000 2,990,000 2,995,000 45

HK$ 000 2O18/19 11. 6(a) 100,000,000 12. 566 (566) (74) 74 15 20,699 20,699 (8,170) (8,170) (86) (86) 492 12,443 (492) 12,443 (19) (1,165) 19 (1,165) 6 (473) 473 25 25 11,303 11,303 (891) (891) (22) (22) 10,390 10,390 297,514,000 189,715,000 46

2O18/19 13. 0.1 3,000,000,000 300,000 1,077,128,000 107,712 14. (i) (ii) 10% 47

2O18/19 15. POW! Entertainment, Inc. POW! Entertainment POW! Entertainment POW! Entertainment POW! Entertainment 11,500,000 89,725,000 POW! Entertainment POW! Entertainment POW! Entertainment POW! Entertainment15% POW! Entertainment 85% i 59,140 153 460 14,098 ii (14,854) (20,699) 38,298 (i) 59,140,000 7 (ii) 2,978,000 460,000 460,000 48

2O18/19 15. 89,725 5,745 (38,298) 57,172 (15%) POW! Entertainment POW! Entertainment 89,725 (14,098) 75,627 POW! Entertainment 5,349,000 POW! Entertainment83,000 POW! Entertainment 1,131,141,000 37,777,000 49

2O18/19 16. (a) 4,058 IP 1,588 274 1,093 1,098 (b) 11 (c) 2,680,000 990,000 17. IP 5% 10% 15.33% 18,000,000 8,000,000 23,000,000 50