V-view financial report | mango hypermedia's net profit in the first quarter fell by more than three years, and its share price was "halved" within a year
April 30th, 2022

China news, Jingwei, April 24 (Xinhua) - on April 24, mango super media disclosed the first quarter report of 2022. In the first quarter, the company’s operating revenue was 3.124 billion yuan, down 22.08% year-on-year; The net profit was 507 million yuan, down 34.39% year-on-year.

For the first quarter of the decline in performance, mango hypermedia explained that there are two reasons: first, COVID-19 has repeatedly affected the content production schedule, leading to the first quarter of mango TV key variety show postponed; Second, the base of the same period last year was relatively high.

Mango super media also said that according to the company’s content production and scheduling plan, key variety shows and film and television dramas such as “sound without rest” and “riding the wind and waves 3” will be launched in the second quarter.

It is worth noting that according to the media industry research report released by CICC on April 23, the number of funds heavily holding mango media in the first quarter decreased by 94 compared with the previous quarter, ranking first among the 20 media companies counted.

In the secondary market, mango hypermedia’s share price “fell endlessly” after hitting a stage high on the first trading day of 2022. As of April 22, it closed at 28.33 yuan / share, with a cumulative decline of 50.49% during the year. (Zhongxin Jingwei APP)

(Editor: Wang Yongle)

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