芒果超媒(300413) - 2022 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2022 was CNY 3.52 billion, a decrease of 6.72% year-over-year, and a total revenue of CNY 10.24 billion for the year-to-date, down 11.97% compared to the same period last year [3]. - Net profit attributable to shareholders for Q3 2022 was CNY 487.53 million, down 7.80% year-over-year, with a year-to-date net profit of CNY 1.68 billion, a decrease of 15.24% compared to the previous year [3]. - Total operating revenue for Q3 2022 was CNY 10,238,831,740.41, a decrease of 11.97% from CNY 11,631,307,463.29 in the same period last year [22]. - Operating profit for Q3 2022 was CNY 1,616,036,955.90, down from CNY 1,992,424,411.07 in Q3 2021, reflecting a decline of 18.86% [23]. - The company reported a total comprehensive income of CNY 1,648,855,439.10 for Q3 2022, compared to CNY 1,979,980,037.77 in the previous year, a decline of 16.71% [24]. - The basic earnings per share for Q3 2022 were CNY 0.90, down from CNY 1.11 in the same quarter last year, a decrease of 18.92% [24]. Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date increased by 40.64% to CNY 457.30 million [3]. - The net cash flow from operating activities increased by 40.64% to RMB 457,303,746.44 compared to RMB 325,166,250.24 in the same period last year [11]. - The net cash flow from investing activities improved by 59.56%, amounting to RMB -859,444,190.42, as a result of recovering structured deposits purchased last year [11]. - The net cash flow from financing activities decreased by 76.12% to RMB 1,013,397,658.20, mainly due to last year's fundraising through issuing shares to specific investors [11]. - The total assets at the end of Q3 2022 were CNY 28.83 billion, an increase of 10.40% from the end of the previous year [4]. - The company's cash and cash equivalents reached CNY 7.53 billion, up from CNY 6.97 billion at the start of the year, indicating a growth of about 7.9% [18]. - The total current assets increased to CNY 21.03 billion from CNY 18.90 billion, reflecting a rise of approximately 11.3% [19]. - The company's accounts receivable rose to CNY 3.71 billion, compared to CNY 3.11 billion at the beginning of the year, marking an increase of around 19.4% [19]. - The non-current assets totaled CNY 7.79 billion, up from CNY 7.21 billion, which is an increase of about 8.0% [19]. - The company reported a significant increase in trading financial assets, which rose to CNY 4.24 billion from CNY 3.41 billion, representing a growth of approximately 24.4% [18]. Revenue Streams - The advertising revenue for the first three quarters decreased by 26.33% due to impacts from the macroeconomic environment and COVID-19 [8]. - Membership revenue for the first three quarters increased by 7.83%, supported by innovative membership operations [8]. - The operator business revenue grew by 16.39% year-over-year, aided by the launch of the "Mango Card" in multiple provinces [8]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 61,871, with Mango Media Co., Ltd. holding 56.09% of shares [12]. - Mango Media Co., Ltd. holds 1,049,300,301 shares, representing a significant portion of the company's equity [12]. Changes in Control and Operations - The company announced a change in its actual controller due to the transfer of 100% equity of Mango Media from Hunan Broadcasting Station to Hunan Radio and Television Group, which is expected to optimize the cultural enterprise structure in Hunan [16]. - The company has not reported any adverse effects on its normal operations due to the change in control, ensuring the interests of the company and minority shareholders are protected [16]. Expenses and Liabilities - Total liabilities increased to CNY 10,137,895,909.83 from CNY 9,113,587,160.83, marking a rise of 11.21% year-over-year [21]. - Research and development expenses for Q3 2022 were CNY 149,328,022.54, down from CNY 191,888,349.19, a decrease of 22.19% [22]. - Sales expenses decreased to CNY 1,679,270,659.88 from CNY 1,904,553,574.55, reflecting a reduction of 11.83% [22]. - The company reported a 318.72% increase in tax and additional charges, totaling RMB 69,674,894.19, due to cultural project construction fees [11]. - The company experienced a 90.25% decrease in income tax expenses, amounting to RMB 120,303.42, attributed to changes in the performance of non-tax-exempt units [11]. - The company’s credit impairment losses increased by 55.87% to RMB -71,846,754.48, due to higher provisions for accounts receivable [11]. - The company’s other income rose by 333.13% to RMB 37,880,030.32, primarily driven by increased penalty income [11].