芒果超媒股份有限公司独立董事候选人声明 声明人丁文华作为芒果超媒股份有限公司第四届董事会独 立董事候选人，现公开声明和保证，本人与该公司之间不存在 任何影响本人独立性的关系，且符合相关法律、行政法规、部 门规章、规范性文件和深圳证券交易所业务规则对独立董事候 选人任职资格及独立性的要求，具体声明如下： 一、本人已经通过芒果超媒股份有限公司第四届董事会提 名委员会资格审查，提名人与本人不存在利害关系或者其他可 能影响独立履职情形的密切关系。 是 □ 否 二、本人不存在《中华人民共和国公司法》第一百四十六 条等规定不得担任公司董事的情形。 是 □ 否 三、本人符合中国证监会《上市公司独立董事管理办法》 和深圳证券交易所业务规则规定的独立董事任职资格和条件。 是 □ 否 四、本人符合该公司章程规定的独立董事任职条件。 是 □ 否 五、本人已经参加培训并取得证券交易所认可的相关证书。 是 □ 否 六、本人担任独立董事不会违反《中华人民共和国公务员 法》的相关规定。 是 □ 否 七、本人担任独立董事不会违反中共中央纪委《关于规范 中管干部辞去公职或者退（离）休后担任上市公司、基金管理 公司独立董事、独立监事的通知》的相 ...

Summary of Conference Call Transcript Company/Industry Involved - The discussion revolves around a specific entertainment program, likely a music competition show, referred to as "歌手" (Singer) Core Points and Arguments - Initial expectations from both viewers and investors regarding the program were low due to its previous ups and downs as an intellectual property (IP) [1] - The first episode of the current season showed strong performance across various metrics, indicating a positive reception [1] - According to the company's own disclosures, the program achieved a CMS71 rating, reflecting its viewership success [1] Other Important but Potentially Overlooked Content - The mention of the program's past challenges suggests a need for ongoing monitoring of audience engagement and investor sentiment [1]

刘昕先生的辞职未导致公司现有董事会成员低于法定最低人数，不影响公司董事 会正常运作。根据《公司法》《公司章程》等有关规定，刘昕先生的辞职报告自送达董 事会时生效。截至本公告披露日，刘昕先生未持有公司股票。公司将按照有关规定尽 快完成董事的补选工作，并及时履行信息披露义务。 刘昕先生在担任公司董事期间，恪尽职守、勤勉尽责，在促进公司规范运作、推 动公司业务高质量发展等方面发挥了重要作用。公司及公司董事会对刘昕先生在任职 期间为公司发展做出的贡献表示衷心感谢。 特此公告。 证券代码：300413 证券简称：芒果超媒 公告编号：2024-027 芒果超媒股份有限公司 关于董事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 芒果超媒股份有限公司（以下简称"公司"）董事会近日收到股东中移资本控股 有限责任公司委派的董事刘昕先生的书面辞职报告，刘昕先生因工作调整辞去公司董 事及董事会各专门委员会委员职务。刘昕先生辞职后将不在公司担任任何职务。 芒果超媒股份有限公司董事会 2024 年 5 月 15 日 ...

Summary of Conference Call Company and Industry - The conference call pertains to Guotou Zhongquan Mango Superstars, focusing on the performance of their 2024 premiere [1] Core Points and Arguments - The initial performance of the 2024 premiere has been described as good, indicating a positive reception from the audience [1] - There is an emphasis on monitoring the subsequent increase in popularity and engagement following the premiere [1] Other Important but Possibly Overlooked Content - The call began with a formal welcome and a statement indicating that all participants were muted, suggesting a structured approach to the meeting [1]

中国国际金融股份有限公司 关于芒果超媒股份有限公司 2023 年度持续督导跟踪报告 | 保荐机构名称：中国国际金融股份有限公司 | 被保荐公司简称：芒果超媒（300413） | | --- | --- | | 保荐代表人姓名：王琨 | 联系电话：010-65051166 | | 保荐代表人姓名：陈佳奇 | 联系电话：010-65051166 | 一、 保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1、公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 不适用 | | 2、督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但 | | | 不限于防止关联方占用公司资源的制度、募集 | 是 | | 资金管理制度、内控制度、内部审计制度、关 | | | 联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3、募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 12次 | | （2）公司募集资金项目进展是否与信息披露文 | 是 | ...

中国国际金融股份有限公司 关于芒果超媒股份有限公司 2020 年度向特定对象发行 A 股股票 持续督导保荐总结报告书 芒果超媒股份有限公司（以下简称"芒果超媒"、"公司"）2020 年度向特定对象发行 A 股股票于 2021 年 8 月 24 日在深圳证券交易所创业板上市，持续督导期至 2023 年 12 月 31 日止。中国国际金融股份有限公司（以下简称"中金公司"、"保荐机构"）作为此 次发行的保荐机构，于上市之日起对公司进行持续督导工作。截至目前，持续督导期已 满，现根据《证券发行上市保荐业务管理办法》《深圳证券交易所创业板股票上市规则》 《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》和《深圳证券交易所 上市公司自律监管指引第 2 号——创业板上市公司规范运作》等有关法律法规和规范性 文件的要求，出具本持续督导保荐总结报告书。 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导性陈述 或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法律责任。 2、保荐机构及保荐代表人自愿接受中国证监会对保荐总结报告书相关事项进行的 任何质询和调 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 36.40 CNY per share, reflecting a reasonable value of 681 billion CNY for the company [1][2]. Core Insights - The company reported a revenue of 14.6 billion CNY in 2023, a year-on-year increase of 4.7%. Advertising revenue was 3.5 billion CNY, down 12% YoY, while membership revenue reached 4.3 billion CNY, up 10% YoY, with a total membership of 66.53 million [1][2]. - The company completed the acquisition of Golden Eagle Cartoon, which generated a net profit of 63.47 million CNY during the reporting period, fulfilling performance commitments [1]. - The company’s operating expenses remained stable, leading to a positive growth in EBITDA, which reached 1.85 billion CNY in 2023, a 2% increase YoY [1][2]. - The first quarter of 2024 saw revenue of 3.32 billion CNY, a 7% increase YoY, with operating profit reaching 547 million CNY, up 3.7% YoY [1][2]. Summary by Sections Business Update - The company has established a unique media integration ecosystem, focusing on innovative content and media strategies to enhance its diversified content monetization ecosystem. It aims to strengthen its competitiveness in variety shows while expanding into drama and children's content [7][10]. - The integration of Mango TV, Golden Eagle Cartoon, and other platforms is expected to enhance content supply and commercial revenue sources, with a focus on increasing membership and ARPU [7][10]. Financial Forecast - The company is projected to achieve a non-GAAP net profit of 2.09 billion CNY in 2024 and 2.52 billion CNY in 2025. The valuation for the streaming business is estimated at 547 billion CNY based on a 4x PS ratio, while the IPTV/OTT business is valued at 134 billion CNY based on a 5x PS ratio [2][24]. Content Strategy - The company plans to increase its investment in drama series, with a focus on high-quality content to ensure stable business profits. Upcoming key projects include "Four Seas Bright" and "Water Dragon Chant" [20][21]. - The 2024 variety show lineup includes major titles such as "Singer 2024" and "Riding the Wind 2024," which are expected to drive viewer engagement and revenue [19][20].

Investment Rating - The report maintains a "Buy" rating for Mango Excellent Media (300413.SZ) [1] Core Views - The advertising revenue has stabilized, and the platform has significant potential for international expansion [1][5] - The company achieved total revenue of 14.628 billion yuan in 2023, a year-on-year increase of 4.66%, with a net profit of 3.556 billion yuan, reflecting a substantial year-on-year growth of 90.73% [2][5] - The company is expected to maintain growth in its core business, with a rich content pipeline and a recovery in advertising revenue [5] Summary by Sections Market Performance - The stock has shown a relative decline of 46% compared to the CSI 300 index as of April 2023, with absolute performance of -4.60% in August 2023 [2] Financial Performance - In Q1 2024, the company reported revenue of 3.324 billion yuan, a year-on-year increase of 7.21%, while net profit was 472 million yuan, down 13.85% year-on-year due to changes in corporate income tax policy [2][5] - The company expects revenues of 16.222 billion yuan, 17.693 billion yuan, and 19.009 billion yuan for 2024, 2025, and 2026 respectively, with net profits projected at 2.003 billion yuan, 2.300 billion yuan, and 2.557 billion yuan [5][7] Content and Programming - The company has a robust lineup of content, with over 80 films and series planned for 2024, including popular titles and a focus on short dramas [3][4] - The "Big Mango Plan" aims to produce 200 vertical screen short dramas in 2024, enhancing the company's content offerings [3] Membership and Advertising - Membership revenue reached 4.315 billion yuan in 2023, a year-on-year increase of 10.23%, with a total of 66.53 million effective members [4] - Advertising revenue was 3.532 billion yuan in 2023, down 11.57% year-on-year, but showed signs of recovery with a 15.95% increase in Q4 [4] International Expansion - The Mango TV international app has been downloaded over 140 million times and is set to expand its user base globally, particularly in Southeast Asia [5] - The company has initiated a "User Doubling Plan" to enhance international content distribution and user experience [5] Profitability and Valuation - The report forecasts a decline in net profit for 2024 primarily due to tax impacts, but operational performance remains strong [5] - The company is expected to maintain a gross margin of 34.6% in 2024, with a net profit margin of 12% [7]

证券代码：300413 证券简称：芒果超媒 芒果超媒股份有限公司投资者关系活动记录表 提问 4：近年中国文化的国际影响力逐步加大，作为文创 推广平台，公司也有国际 APP 进行海外市场推广，但这块业务 并未在公司报告中单独呈现，请问公司目前海外收入大概多大 规模，是否盈利？ 答：投资者，您好！公司高度重视国际传播能力建设，持 续探索中国故事和中国声音的全球化表达，芒果 TV 国际 APP 覆盖全球 195 个国家和地区，下载量超 1.4 亿次，已经成为文 化出海重要窗口。2024 年，公司启动了国际 APP 用户"倍增 计划"，具体包括：不断创新国际传播矩阵，推动更多优质内 容出海；推出"超级合伙人"制度，整合出海优质资源；加大 节目模式输出力度，实现从内容输出到模式输出的高阶进化； 提升国际 APP 用户体验，增加语言种类，扩大用户覆盖范围； 加强海外运营商、电视台、应用商店合作，强化芒果内容在海 外市场的推广力度等。 提问 5：公司有限售股通过转融通出借吗？ 编号：2024-02 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系 | □媒体采访 ☑业绩说明会 | | | ...

公司研 究 证 券研究 报 告 互联网影视音频 2024年04月28日 芒 果超媒（300413）2023年报&2024 年一季报点评 推 荐 （维持） 目标价：31.8元 Q1 基本符合预期，会员提速，关注后续剧综进展 当前价：23.04元 事项： 华创证券研究所  24Q1 实现收入 33.24 亿元，YOY+7.21%，实现归母净利润 4.72 亿元，YOY- 证券分析师：刘欣 13.85%，扣非归母净利润 4.67亿元，YOY-10.4%；剔除 15%所得税影响后利 润YOY+3%，基本符合预期。23年全年实现收入146.28亿元，YOY+4.66%， 电话：010-63214660 实现归母净利润 35.56 亿元，YOY+90.73%，扣非归母净利润 16.95 亿元， 邮箱：liuxin3@hcyjs.com YOY+5.7%，与此前业绩快报基本一致。此外，公司 2023 年年度利润分配预 执业编 号：S0360521010001 案拟每10股派1.8元（含税），合计派发现金红利3.4亿元。 评论： 公司基本数据  23年广告复苏，会员发展提速。分业务拆分，1）会员发展提速：23年会员收 总 ...