Group 1 - The company plans to distribute cash dividends of RMB 10 per 10 shares to shareholders, totaling RMB 227,838,591, which represents 65.88% of the net profit attributable to shareholders for the first half of 2025 [1][2] - The total number of shares for the dividend distribution is based on 227,838,591 shares after excluding repurchased shares [1][2] - The company has accumulated undistributed profits of RMB 2,267,921,660.90 as of June 30, 2025, with available profits for distribution amounting to RMB 2,220,441,984.77 [1][2] Group 2 - The dividend distribution plan complies with relevant regulations, including the Company Law and guidelines for cash dividends, considering the company's operational situation and future funding needs [2] - The board of directors approved the dividend proposal on August 25, 2025, and it will be submitted for shareholder approval [2]

Meeting Overview - The third meeting of the board of directors of Guangdong Southern New Media Co., Ltd. was held on August 26, 2025, via communication voting, with all 7 directors present [1] - The meeting was convened and chaired by the chairman, complying with relevant laws and regulations [1] Financial Report - The board approved the 2025 semi-annual report, confirming it accurately reflects the company's financial status and operational results for the first half of 2025 [1][2] - The report adheres to legal and regulatory requirements, with no false statements or significant omissions [1] Resolutions Passed - The board unanimously approved the proposal for the 2025 semi-annual profit distribution plan, with a voting result of 7 in favor, 0 against, and 0 abstentions [2] - The board agreed to reappoint Guangdong Sinong Accounting Firm as the auditor for the 2025 fiscal year, pending approval from the shareholders' meeting [2] - The board approved the performance assessment and salary distribution for senior management for the second quarter of 2025, with 6 votes in favor and 1 abstention due to a conflict of interest [3] - The board also approved the establishment of a market value management system and the renewal of the Value-Added Telecommunications Business Operating License [3]

Group 1 - Mango Excellent Media (SZ 300413) announced the convening of its 28th meeting of the fourth board of directors on August 21, 2025, via communication voting [1] - The company reviewed the proposal regarding the 2025 semi-annual report and its summary during the meeting [1] - For the year 2024, the revenue composition of Mango Excellent Media is as follows: new media platform operations account for 72.29%, media retail accounts for 18.47%, new media interactive entertainment content production accounts for 8.97%, and other industries account for 0.27% [1] Group 2 - As of the report, Mango Excellent Media has a market capitalization of 47.8 billion yuan [1]

Core Viewpoint - The company, Guangdong Southern New Media Co., Ltd., has completed its share repurchase plan, utilizing its own funds to buy back shares within a specified range and timeframe [2][4][5]. Summary by Sections Share Repurchase Plan - The company proposed to repurchase shares using its own funds, with a total amount not less than RMB 50 million and not exceeding RMB 100 million, at a price not exceeding RMB 49 per share [2]. - Following the implementation of dividend distributions, the maximum repurchase price was adjusted to RMB 46.13 per share [2][4]. Implementation Status - As of August 22, 2025, the company repurchased a total of 1,292,318 shares, accounting for 0.564% of the total share capital, with a total transaction amount of approximately RMB 50 million [4]. - The highest transaction price during the repurchase was RMB 43.17 per share, and the lowest was RMB 34.88 per share [4]. Compliance and Impact - The share repurchase was conducted in accordance with relevant regulations and did not significantly impact the company's financials, operations, or control structure [5][6]. - The repurchased shares will be canceled, leading to a reduction in registered capital, with the total number of shares decreasing from 229,130,909 to 227,838,591 [6][7]. Future Arrangements - The repurchased shares will not have voting rights or participate in profit distribution during the holding period and will be subject to cancellation and capital reduction procedures [7].

Core Insights - Phoenix New Media reported a total revenue of RMB 187.1 million (approximately USD 26.1 million) for Q2 2025, representing an 11.2% increase compared to RMB 168.3 million in Q2 2024 [1] - The company's net advertising revenue for Q2 2025 was RMB 153.3 million (approximately USD 21.4 million), showing a slight decline of 0.9% from RMB 154.7 million in Q2 2024 [1] - The non-GAAP net loss attributable to Phoenix New Media for Q2 2025 was RMB 7.2 million (approximately USD 1 million), compared to a non-GAAP net loss of RMB 2.1 million in Q2 2024 [1] Financial Performance - Total revenue for Q2 2025 reached RMB 187.1 million, up from RMB 168.3 million in the same quarter last year, indicating a positive growth trend [1] - The decline in net advertising revenue suggests challenges in the advertising market, with a slight decrease from the previous year [1] - The increase in non-GAAP net loss highlights ongoing financial pressures despite revenue growth [1] Management Commentary - The CEO emphasized the company's focus on enhancing content quality and exploring diverse collaboration and commercialization paths, which have led to positive user feedback and business growth [2] - The CFO noted that the overall advertising market remained subdued in the first half of the year, with cautious spending from advertisers continuing into Q2 [2] - The company aims to leverage its media endorsement value in a fragmented media environment, focusing on content and event marketing as well as international marketing to maintain its market position [2]

（於開曼群島註冊成立之有限公司） (股份代號：02008) 海外監管公告 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 的 內 容 概 不 負 責 ， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明 ， 並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 PHOENIX MEDIA INVESTMENT (HOLDINGS) LIMITED 鳳凰衛視投資(控股) 有限公司 上市附屬公司–鳳凰新媒體有限公司 2025 年第二季度之未經審核財務業績公佈 本公告乃由鳳凰衛視投資(控股)有限公司(「本公司」)根據香港聯合交易所有限公司 證劵上市規則第13.10B條而作出。 本公司非全資附屬公司鳳凰新媒體有限公司(「鳳凰新媒體」)(其股份以美國預託股 份之形式於美國紐約證券交易所上市)已於2025年8月13日就鳳凰新媒體2025年第二 季 度 的 未 經 審 核 財 務 業 績 ( 「 業 績 」 ) ...

Core Viewpoint - Phoenix New Media reported a total revenue of RMB 187.1 million (approximately USD 26.1 million) for Q2 2025, representing an 11.2% increase compared to RMB 168.3 million in Q2 2024, primarily driven by growth in paid services revenue [1][2] Financial Performance - Total revenue for Q2 2025 was RMB 187.1 million (approximately USD 26.1 million), up from RMB 168.3 million in Q2 2024, marking an 11.2% increase [1][2] - Advertising net revenue for Q2 2025 was RMB 153.3 million (approximately USD 21.4 million), a slight decrease of 0.9% from RMB 154.7 million in Q2 2024 [1][2] - Paid services revenue reached RMB 33.8 million (approximately USD 4.7 million), a significant increase of 148.5% from RMB 13.6 million in Q2 2024 [3] - Paid content revenue was RMB 30.7 million (approximately USD 4.3 million), up 420.3% from RMB 5.9 million in Q2 2024, mainly due to revenue from digital reading services via third-party applications [3] - E-commerce and other revenue was RMB 3.1 million (approximately USD 0.4 million), down 59.7% from RMB 7.7 million in Q2 2024, attributed to a reduction in e-commerce operations [3] Cost and Profitability - Total costs for Q2 2025 were RMB 95.1 million (approximately USD 13.3 million), a decrease of 7.6% from RMB 102.9 million in Q2 2024, due to strict cost control measures [4] - Gross profit increased by 40.7% to RMB 92.0 million (approximately USD 12.8 million) from RMB 65.4 million in Q2 2024, with a gross margin of 49.2% compared to 38.9% in the previous year [4] Operating Expenses and Losses - Total operating expenses for Q2 2025 were RMB 99.2 million (approximately USD 13.8 million), an increase of 33.5% from RMB 74.3 million in Q2 2024, primarily due to higher sales and marketing expenses related to digital reading services [6] - Operating loss for Q2 2025 was RMB 7.2 million (approximately USD 1.0 million), an improvement from a loss of RMB 8.9 million in Q2 2024, with an operating margin of -3.9% compared to -5.3% in the previous year [6] Other Income and Losses - Other income for Q2 2025 was RMB 2.1 million (approximately USD 0.3 million), down from RMB 4.7 million in Q2 2024, with net interest income of RMB 6.1 million (approximately USD 0.9 million) compared to RMB 8.8 million in the previous year [7] Net Loss - The net loss attributable to Phoenix New Media for Q2 2025 was RMB 10.4 million (approximately USD 1.5 million), compared to a net loss of RMB 5.5 million in Q2 2024, with a net margin of -5.5% versus -3.2% in the previous year [8] Outlook - The company expects total revenue for Q3 2025 to be between RMB 203.4 million and RMB 218.4 million, with advertising net revenue anticipated to be between RMB 168.4 million and RMB 178.4 million, and paid services revenue projected to be between RMB 35.0 million and RMB 40.0 million [12]

Core Viewpoint - The article emphasizes the importance of learning from failures in early career experiences, highlighting that mistakes can lead to personal growth and better future opportunities [4][10][11]. Group 1: Career Journey - The individual initially pursued a degree in a less conventional field, influenced by the rise of new media, despite a background in science [1]. - The first internship in a bakery brand ended prematurely due to poor performance, leading to a significant blow to self-confidence [2][4]. - Inspired by a public figure's story of overcoming adversity, the individual found motivation to continue pursuing career goals [5]. Group 2: Job Experiences - After graduation, the individual secured a monotonous job at a large company, which led to a decision to leave in search of more fulfilling work [6][8]. - Transitioning into the education and training industry involved facing numerous rejections and challenges, including a company-wide layoff [8]. - A period of self-reflection and planning followed, leading to a position in a prominent self-media studio, marking a significant growth phase [8]. Group 3: Learning from Mistakes - The article discusses how early career mistakes are common and serve as valuable learning experiences, helping to identify personal weaknesses [9][10]. - The narrative encourages a positive perspective on failures, suggesting they should be viewed as opportunities for growth rather than setbacks [10][11]. - The overall message is that the journey in the workplace is a marathon, where perseverance and the ability to learn from errors are crucial for long-term success [11].

Group 1 - The shareholder, Hengqin Hongtu Rongyao Venture Capital Partnership (Limited Partnership), plans to reduce its holdings by a maximum of 6,843,437 shares, which accounts for 2.99% of the total share capital of the company [1][2] - The reduction will occur within three months from August 18, 2025, to November 17, 2025, through centralized bidding or block trading [1][2] - The total share capital of the company is 229,130,909 shares, and after excluding the shares in the repurchase account as of June 30, 2025, the adjusted share capital is 228,114,591 shares [2] Group 2 - The shareholder holds 7,084,724 shares, representing 3.09% of the total share capital and 3.11% of the adjusted share capital [2] - The shareholder has committed to comply with regulations regarding share transfers and will announce the reduction plan three trading days prior to the reduction [2][3] - If there are changes in the company's capital structure during the reduction period, the number of shares to be reduced will be adjusted accordingly [2] Group 3 - The company will report and disclose the reduction plan to the stock exchange 15 trading days before the first sale [3] - The total number of shares reduced through centralized bidding cannot exceed 1% of the total shares within any continuous 90-day period [3] - The company has confirmed that the reduction will not affect its control or governance structure [5]

Core Viewpoint - The emergence of "Xiao Lei Smart Home" has sparked discussions, but it is not related to Lei Jun or Xiaomi, as it is a brand under Guangdong Xiao Lei Technology Co., Ltd, established in November 2015 [3][4] Group 1: Brand Identity and Market Perception - "Xiao Lei Smart Home" name is perceived as similar to Xiaomi, leading to accusations of "picking up" Xiaomi's brand, but this is more about the commonality of good business names rather than direct imitation [4][5] - The phenomenon of "executive IP" is highlighted, where company founders or executives become the face of the brand, creating a strong association between the individual and the company [5][7] Group 2: Executive IP Strategy - Lei Jun is cited as a prime example of successful executive IP, where his persona has become synonymous with Xiaomi, blurring the lines between the individual and the brand [5][7] - The risks of executive IP include potential misinterpretation and brand dilution, as seen with the emergence of similar names that may confuse consumers [7][13] Group 3: Benefits of Executive IP - Executive IP can enhance brand relatability and consumer engagement, as it allows for a more personal connection compared to traditional external endorsements [8] - Utilizing executives as brand representatives can mitigate risks associated with external spokespersons, who may cause reputational damage if they fail [8][10] Group 4: Challenges and Considerations - Not all executives are suited to become brand ambassadors; the effectiveness of executive IP relies on a consistent and supportive brand strategy [15] - The case of Dong Mingzhu illustrates that while executive IP can strengthen brand identity, it can also lead to negative consequences if not managed properly [12][15]