Mango Excellent Media Co. (300413) Q3 2024 earnings summary

Executive summary

• Revenue for the first three quarters remained stable, but net profit attributable to shareholders declined 18.96% year-over-year due to increased income tax expenses following changes in preferential tax policies.

Financial highlights

• Q3 revenue: ¥3.32 billion, down 7.14% compared to the same quarter last year; YTD revenue: ¥10.28 billion, down 0.85% year-over-year.

• Q3 net profit attributable to shareholders: ¥379.51 million, down 27.41% year-over-year; YTD: ¥1.44 billion, down 18.96%.

• Q3 basic EPS: ¥0.20, down 28.57% year-over-year; YTD basic EPS: ¥0.77, down 18.95%.

• Operating cash flow for the first three quarters: -¥325.54 million, a decrease of 129.86% year-over-year.

• Total assets at period end: ¥32.62 billion, up 3.82% from the previous year-end.

Key financial ratios and metrics

• Weighted average ROE for Q3: 1.70%, down from 2.56% in the same quarter last year; YTD: 6.55%, down from 9.00%.

• Net margin and profitability metrics declined due to higher tax expenses and increased content investment.