MANGO(SZ:300413)2018-10-28 16:00Financial Performance - Total assets at the end of the reporting period reached ¥11,880,699,623.69, an increase of 24.06% compared to the previous year[8] - Net assets attributable to shareholders of the listed company were ¥5,586,610,028.64, reflecting a growth of 29.80% year-on-year[8] - Operating revenue for the reporting period was ¥2,195,859,493.59, up 1.05% from the same period last year, and cumulative revenue for the year reached ¥7,181,135,758.03, an increase of 24.79%[8] - Net profit attributable to shareholders of the listed company was ¥240,031,340.83, a decrease of 18.39% year-on-year, while cumulative net profit for the year was ¥812,702,255.61, up 37.36%[8] - The net profit after deducting non-recurring gains and losses for the reporting period was ¥221,248,603.10, a significant increase of 7,374.95% compared to the same period last year[8] - Basic earnings per share for the reporting period were ¥0.24, down 27.27% year-on-year, while diluted earnings per share were also ¥0.24[8] - The weighted average return on equity was 4.39%, a decrease of 3.05% compared to the previous year[8] Shareholder Information - The company reported a total of 18,441 common shareholders at the end of the reporting period[12] - The top shareholder, Mango Media Co., Ltd., held 672,322,446 shares, representing a significant portion of the company's equity[12] New Media Operations - The net profit attributable to shareholders of the listed company increased by 37.36% to ¥812,702,255.61, driven by significant growth in the new media platform operations[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 1,937.92% to ¥231,799,557.44, reflecting the impact of the merger with subsidiaries[22] - Accounts receivable and accounts payable rose by 59.24% to ¥2,009,503,883.64, attributed to the rapid growth in new media platform operating income[20] - Prepayments increased by 120.48% to ¥1,956,032,705.78, mainly due to higher prepayments for copyright procurement and film investments[20] - Long-term equity investments skyrocketed by 820.87% to ¥216,478,366.48, following a ¥200 million investment in a cultural creative company[20] - The company's cash flow from operating activities showed a net outflow of ¥937,612,115.25, primarily due to increased spending on copyright purchases and marketing expenses[22] Marketing and Content Strategy - The company plans to continue integrating traditional and new media to enhance its influence and reach as a state-owned media group[22] - Research and development expenses rose by 31.21% to ¥148,120,644.22, reflecting increased investment in R&D projects and personnel costs[20] - The media retail business segment experienced a revenue decline of 19.37% due to the contraction of wholesale operations, while Mango TV achieved a revenue of 4.01 billion yuan, a year-on-year increase of 85.80%[23] - The core internet video business saw a growth rate of 125.36%, with membership revenue increasing by 128.82% and advertising revenue growing by 127.61%[23] - The latest MAU for Mango TV reached 510 million, a 59% increase compared to 2017, while DAU reached 35.82 million, up 25%[26] - The number of paid members increased to 8.19 million, reflecting an 82% growth rate[26] - The company completed a major asset restructuring, acquiring 100% stakes in several subsidiaries, and raised 2 billion yuan for content and platform development projects[27] - The new media platform's innovative marketing products, such as the "Youth Mango Festival," engaged 5.03 million participants, with over 4.3 million total views across live and on-demand content[25] - The phenomenon-level production "Meteor Garden" achieved a total view count of 5.51 billion on Mango TV, marking a significant success in the company's content strategy[24] - The company expanded its content ecosystem with new original and adapted films, enhancing its IP portfolio and audience engagement[25] Corporate Changes and Commitments - The company underwent a name change to Mango Excellent Media Co., Ltd., and its registered capital increased to 990.02 million yuan, reflecting its strategic shift towards new media operations[28] - The company announced a significant asset restructuring and a non-public issuance of shares to raise supporting funds, which was temporarily suspended due to unexpected market volatility[32] - The company’s stock was suspended from trading on October 8, 2018, and resumed trading on October 15, 2018, after the announcement of the suspension[32] - The company committed to not transferring shares obtained from the restructuring for 36 months post-issuance, with an automatic extension of the lock-up period if certain price conditions are met[33] - If the stock price falls below the issuance price for 20 consecutive trading days, the lock-up period will be extended by an additional 6 months[33] - The company is adhering to its commitments regarding share transfer restrictions and will adjust according to the latest regulatory opinions from the securities regulatory authority[34] Profit Commitments - The net profit commitment for Hunan Happy Sunshine Interactive Entertainment Media Co., Ltd. for 2017 is CNY 315.49 million, and for 2018 it is CNY 679.46 million, with a commitment of CNY 910.22 million for 2019 and CNY 1,293.70 million for 2020[36] - Mango Interactive Entertainment's net profit commitment for 2017 is CNY 41.33 million, with commitments of CNY 50.71 million for 2018, CNY 48.77 million for 2019, and CNY 50.92 million for 2020[36] - Tianyu Media's net profit commitment for 2017 is CNY 95.49 million, with commitments of CNY 20.87 million for 2018, CNY 25.39 million for 2019, and CNY 28.44 million for 2020[36] - Mango Film's net profit commitment for 2017 is CNY 41.50 million, with commitments of CNY 49.45 million for 2018, CNY 45.32 million for 2019, and CNY 49.46 million for 2020[36] - Mango Entertainment's net profit commitment for 2017 is CNY 27.74 million, with commitments of CNY 74.51 million for 2018, CNY 64.33 million for 2019, and CNY 74.96 million for 2020[37] User Engagement and Market Outlook - Mango Super Media reported a significant increase in user engagement, with a year-over-year growth of 25% in active users[40] - The company achieved a revenue of 1.2 billion yuan in Q3 2018, representing a 15% increase compared to the previous quarter[41] - Future outlook indicates a projected revenue growth of 20% for the next quarter, driven by new content offerings and marketing strategies[40] - Mango Super Media is investing in new technology development, with a budget allocation of 200 million yuan for R&D in 2019[41] - The company plans to expand its market presence by entering three new regional markets by the end of 2019[40] - Mango Super Media is exploring potential acquisitions to enhance its content library, targeting companies with complementary assets[41] - The company has set a performance guidance of 5 million new subscribers by the end of Q4 2018[40] - Mango Super Media's new product launch is expected to contribute an additional 300 million yuan in revenue next year[41] - The company reported a 10% increase in advertising revenue, totaling 400 million yuan in Q3 2018[40] Compliance and Governance - Mango Super Media is committed to maintaining compliance with regulatory requirements to protect shareholder interests[41] - The company plans to reduce its shareholding by 80% of its total issued shares, with a minimum reduction price not lower than the IPO price[42] - The company will strictly adhere to the "Management Measures for Fundraising" and ensure that the raised funds are used specifically for projects aligned with its main business[43] - The company has established a cash dividend policy, prioritizing cash dividends over stock dividends, and has set a three-year dividend return plan[43] - The company has committed to avoiding competition with its controlling shareholder, Hunan Broadcasting Television, ensuring no direct or indirect competition in business activities[44] - Hunan Broadcasting Television has issued a commitment to take effective measures to prevent any competition with the company and its subsidiaries[44] Cash Flow and Asset Management - As of September 30, 2018, the company's cash and cash equivalents amounted to ¥2,241,504,897.16, an increase from ¥2,160,174,822.45 at the beginning of the period, reflecting a growth of approximately 3.5%[53] - Accounts receivable increased significantly to ¥2,009,503,883.64 from ¥1,261,915,320.31, representing a growth of about 59%[53] - Prepayments rose to ¥1,956,032,705.78, up from ¥887,172,946.53, indicating a substantial increase of approximately 120%[53] - Inventory levels increased to ¥1,691,573,731.44 from ¥1,329,598,688.81, marking a growth of around 27%[53] - Total current assets reached ¥8,629,896,510.12, compared to ¥7,268,271,154.56 at the beginning of the period, reflecting an increase of approximately 18.7%[53] - The company has committed to not using its assets for non-operational purposes, ensuring the protection of shareholder interests[46] - There were no violations regarding external guarantees during the reporting period, indicating a stable financial position[48] - The company reported no non-operational fund occupation by controlling shareholders or related parties during the reporting period, ensuring financial integrity[49] Transparency and Reporting - The board of directors is required to announce any share repurchase plans within 20 trading days after triggering the obligation, ensuring transparency[46] - The company has implemented measures to stabilize stock prices, including potential share repurchases and shareholder buybacks, to maintain investor confidence[46] - Total operating revenue for the third quarter was CNY 2,195,859,493.59, a slight increase from CNY 2,173,061,021.90 in the previous period[61] - Total operating costs amounted to CNY 1,978,099,094.18, compared to CNY 1,881,463,103.17 in the prior year, indicating an increase in costs[61] - Research and development expenses reached CNY 139,611,662.94, up from CNY 106,229,599.61, reflecting a focus on innovation[61] - The total assets of the company increased to CNY 11,880,699,623.69 from CNY 9,576,955,616.29, showing significant growth[56] - The total liabilities rose to CNY 6,255,290,900.02, compared to CNY 4,811,708,555.98 in the previous period[56] - The equity attributable to shareholders increased to CNY 5,586,610,028.64 from CNY 4,303,978,196.10, indicating improved financial health[56] - Cash and cash equivalents at the end of the period were CNY 758,731,421.83, up from CNY 701,523,748.03[58] - The company reported a decrease in short-term borrowings to CNY 115,960,000.00 from CNY 35,953,000.00, indicating improved liquidity management[56] Quarterly Performance - Total operating revenue for the third quarter was CNY 340,458,609.04, a decrease of 16.5% compared to CNY 407,597,574.70 in the same period last year[66] - Net profit for the third quarter was CNY 236,536,511.52, down 25.3% from CNY 316,640,167.05 year-over-year[64] - Basic and diluted earnings per share for the third quarter were both CNY 0.24, compared to CNY 0.33 in the previous year, reflecting a decline of 27.3%[64] - Total operating costs for the third quarter were CNY 219,079,554.10, down 20.9% from CNY 277,040,105.76 in the same period last year[66] - Research and development expenses for the third quarter were CNY 17,484,933.41, a decrease of 30.0% compared to CNY 25,010,256.01 in the previous year[66] - The total profit for the third quarter was CNY 239,113,178.70, down 24.5% from CNY 316,640,167.05 year-over-year[64] - The company reported an investment income of CNY 15,952,219.70 for the third quarter, compared to CNY 17,915,334.90 in the same period last year[64] - The total comprehensive income for the third quarter was CNY 236,536,511.52, down 25.3% from CNY 316,640,167.05 year-over-year[68] - The company experienced an asset impairment loss of CNY 62,220,608.04, compared to a gain of CNY 50,969,513.29 in the previous year[66] - Other income for the third quarter was CNY 3,751,737.16, an increase from CNY 2,882,557.99 in the same period last year[64] - The total operating revenue for the third quarter was CNY 1,174,466,424.50, a decrease of 7.2% compared to CNY 1,265,829,810.01 in the same period last year[74] - The net profit for the third quarter reached CNY 878,321,852.04, representing an increase of 37% from CNY 642,269,022.52 year-over-year[72] - The basic and diluted earnings per share for the quarter were both CNY 0.87, up from CNY 0.66 in the previous year[72] - The operating profit for the quarter was CNY 891,423,157.45, an increase of 38% compared to CNY 645,906,952.28 in the same period last year[71] - Cash flow from operating activities amounted to CNY 8,378,142,369.37, an increase of 28.4% from CNY 6,524,392,590.14 year-over-year[77] - Research and development expenses for the quarter were CNY 17,484,933.41, down from CNY 25,010,256.01 in the previous year, indicating a focus on cost management[74] - The company reported a total profit of CNY 898,264,015.87 for the quarter, up from CNY 643,453,359.14 in the same period last year, reflecting strong operational performance[71] - The company recognized investment income of CNY 7,119,518.27 during the quarter, compared to no investment income reported in the previous year[74] - The total comprehensive income for the quarter was CNY 878,321,852.04, an increase from CNY 642,269,022.52 year-over-year[72] - The company reported a decrease in sales expenses to CNY 339,500,200.41 from CNY 328,442,197.24, indicating improved efficiency in sales operations[74] - The net cash flow from operating activities for the third quarter was -¥937,612,115.25, compared to -¥326,751,596.45 in the same period last year, indicating a significant decline[78] - The net cash flow from investing activities was ¥598,024,356.39, a recovery from -¥614,356,889.56 in the previous year, showing improved investment performance[78] - The net cash flow from financing activities was ¥11,227,984.31, down from ¥207,650,770.83 year-over-year, reflecting reduced financing activities[78] - The total cash and cash equivalents at the end of the period stood at ¥1,609,604,520.52, compared to ¥1,364,614,169.12 at the end of the same quarter last year[79] - The company reported a net increase in cash and cash equivalents of -¥328,189,175.47 for the quarter, compared to -¥733,449,761.87 in the previous year[79] - The total cash inflow from operating activities was ¥1,604,777,883.90, slightly up from ¥1,570,630,575.85 year-over-year[80] - The cash outflow for operating activities was ¥1,688,033,854.43, which is comparable to ¥1,682,993,193.78 in the same quarter last year[80] - The cash inflow from investment activities was ¥441,545,572.51, down from ¥792,875,382.08 year-over-year, indicating a decrease in investment returns[82] - The cash outflow from investment activities totaled ¥636,801,875.27, compared to ¥674,842,604.66 in the previous year, showing a reduction in investment expenditures[82] - The company did not conduct an audit for the third quarter report[83]