MANGO(SZ:300413)2023-04-21 16:00Financial Performance - The total operating revenue for 2022 was ¥13,704,339,712.31, a decrease of 10.76% compared to ¥15,355,863,482.07 in 2021[18]. - The net profit attributable to shareholders of the listed company was ¥1,824,925,935.93, down 13.68% from ¥2,114,090,171.85 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥1,587,332,987.64, a decline of 22.94% from ¥2,059,758,151.24 in 2021[18]. - The basic earnings per share decreased by 16.24% to ¥0.98 from ¥1.17 in 2021[18]. - The total revenue for Mango Super Media in 2022 was approximately ¥13.70 billion, a decrease of 10.76% compared to ¥15.36 billion in 2021[62]. - The core internet video business of Mango TV generated revenue of 10.418 billion yuan, reflecting a year-on-year decline of 7.49%[50]. - The advertising revenue for the period was 3.994 billion yuan, a significant year-on-year decrease of 26.77%[56]. - The membership scale reached a new high with 59.16 million effective members by the end of 2022, and membership revenue was 3.915 billion yuan, up 6.15% year-on-year[57]. - The operator business revenue grew to 2.509 billion yuan, marking an 18.36% year-on-year increase[57]. - The company reported a total of $237.59 million in non-recurring gains and losses for 2022, significantly up from $54.33 million in 2021[24]. Assets and Liabilities - The total assets at the end of 2022 were ¥29,049,673,556.55, an increase of 11.26% compared to ¥26,110,751,404.90 at the end of 2021[18]. - The net assets attributable to shareholders of the listed company rose by 11.11% to ¥18,850,714,836.78 from ¥16,966,400,358.23 in 2021[18]. - The company's cash and cash equivalents increased by 72.27% to ¥2,750,948,433.80, reflecting improved liquidity[78]. - The total liabilities included short-term borrowings of ¥1,057,932,476.80, which represented 3.64% of total assets, a significant increase from the previous year[83]. - The total amount of restricted assets as of the end of the reporting period is 1,048.76 million yuan, including 22.6 million yuan in frozen cash due to litigation[86]. Cash Flow - The cash flow from operating activities was ¥551,646,897.99, a slight decrease of 1.81% from ¥561,800,882.37 in the previous year[18]. - The net cash flow from operating activities in Q1 2022 was negative at approximately -$733 million, but improved to $648 million in Q2 2022[20]. - The net cash flow from investment activities increased significantly by 120.48% to ¥653,682,713.87, primarily due to the redemption of bank wealth management products[79]. - The net cash flow from financing activities decreased by 63.45% to ¥1,545,160,415.18, mainly due to a significant reduction in fundraising compared to the previous year[79]. Content and Technology Development - The company aims to enhance content quality as a key strategy, with a focus on producing high-quality long video content[31]. - The company is actively pursuing the development of new technologies, including 8K ultra-high-definition video and interactive video[30]. - The company is leveraging artificial intelligence advancements to enhance content creation efficiency and reduce costs, attracting various internet platforms to participate[34]. - The company plans to explore media product forms and business model innovations related to the metaverse and AIGC[108]. - The company has invested 500 million yuan in R&D for new technologies, focusing on AI-driven content recommendations[174]. Market and User Engagement - By the end of 2022, the total number of IPTV users reached 380 million, with a net increase of 31.92 million users during the year[30]. - The number of domestic mobile internet users exceeded 1.2 billion by the end of 2022, with average monthly usage time surpassing 177 hours[28]. - The mobile shopping channel user base has exceeded 700 million, becoming a core pillar of differentiated ecological traffic[35]. - Mango TV's international app downloads exceeded 118 million, representing a year-on-year growth of 94.1%[165]. - The user base grew to 100 million active users, representing a 15% increase compared to the previous year[175]. Corporate Governance and Management - The company received the highest rating of A in the Shenzhen Stock Exchange's annual information disclosure assessment for four consecutive years[117]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations[118]. - The company has implemented a strategy to enhance its corporate governance through board member changes[124]. - The company has a strong management team with diverse backgrounds, including expertise in finance, media, and management[127]. - The company has established a comprehensive information disclosure management system to ensure equal access to information for all shareholders[117]. Strategic Initiatives and Future Outlook - The company plans to maintain over 40% innovation in its variety show projects, reinforcing its leadership position in the entertainment industry[105]. - The company is committed to expanding its e-commerce business, focusing on "new trendy national goods" and leveraging its content IP and artist resources[106]. - The company aims to deepen cooperation with leading enterprises in the consumer electronics industry to enhance its membership offerings[106]. - The company expects a revenue growth of 20% for the next fiscal year, projecting revenues to reach 1.8 billion yuan[175]. - The company plans to acquire a smaller streaming service for 1 billion yuan to enhance its content library and user engagement[175]. Social Responsibility and Community Engagement - The company emphasizes its social responsibility, focusing on mainstream values and community engagement through innovative content creation[164]. - The "Mango Public Welfare" platform raised 10.03 million yuan during the "Micro Mango Chengyang" educational assistance campaign in the summer of 2022[166]. - The company organized the "New Year Walk into the Grassroots" series to promote local agricultural products and tourism, enhancing economic development in rural areas[168]. - The company actively responded to social concerns by launching public welfare projects for disaster relief, including fundraising for the Sichuan earthquake[166]. Related Party Transactions and Compliance - The company has committed to avoiding related party transactions to protect the interests of minority shareholders[176]. - The company will ensure that any unavoidable related party transactions are conducted at fair market prices and comply with legal regulations[176]. - The company has established measures to prevent competition with its controlled channels and businesses[176]. - The company has committed to maintaining transparency and compliance with legal regulations regarding the use of funds and resources[179].