Mango Excellent Media Co.,Ltd. (300413.SZ) has released its interim report for the first half of 2026, showing operating revenue of RMB 6.194 billion, a year-on-year increase of 3.86%.
Net profit attributable to shareholders of the listed company stood at RMB 202 million, a sharp decline of 73.58% compared to the same period last year. After deducting non-recurring gains and losses, net profit attributable to shareholders reached RMB 181 million, down 70.32% year-on-year. Basic earnings per share came in at RMB 0.11.
The profit pressure stems from a combination of factors: first, adjustments in cooperation models with certain distribution channels and the scheduling rhythm of key film and television dramas have led to a year-on-year decline in membership revenue; second, content costs have remained rigid, squeezing the gross margin of core businesses; and third, fluctuations in the fair value of investment targets have further weighed on profitability.
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