お知らせ • Jun 09
Mango Excellent Media Co., Ltd. Approves Cash Dividend for 2025 Mango Excellent Media Co., Ltd. at its Annual General Meeting of 2025 on 05 June 2026 approved the detailed profit distribution plan is as follows: Cash dividend per ten shares (tax included): CNY 2.60000000 for 2025. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Long Kai Zhao was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. お知らせ • Apr 27
Mango Excellent Media Co., Ltd., Annual General Meeting, Jun 05, 2026 Mango Excellent Media Co., Ltd., Annual General Meeting, Jun 05, 2026, at 14:30 China Standard Time. お知らせ • Apr 29
Mango Excellent Media Co., Ltd., Annual General Meeting, Jun 06, 2025 Mango Excellent Media Co., Ltd., Annual General Meeting, Jun 06, 2025, at 14:30 China Standard Time. Reported Earnings • Oct 26
Third quarter 2024 earnings released: EPS: CN¥0.20 (vs CN¥0.27 in 3Q 2023) Third quarter 2024 results: EPS: CN¥0.20 (down from CN¥0.27 in 3Q 2023). Revenue: CN¥3.32b (down 5.4% from 3Q 2023). Net income: CN¥379.5m (down 26% from 3Q 2023). Profit margin: 11% (down from 15% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CN¥23.90, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Entertainment industry in China. Total loss to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥22.95, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Entertainment industry in China. Total loss to shareholders of 46% over the past three years. Reported Earnings • Aug 22
Second quarter 2024 earnings released: EPS: CN¥0.32 (vs CN¥0.38 in 2Q 2023) Second quarter 2024 results: EPS: CN¥0.32 (down from CN¥0.38 in 2Q 2023). Revenue: CN¥3.64b (flat on 2Q 2023). Net income: CN¥592.5m (down 16% from 2Q 2023). Profit margin: 16% (down from 19% in 2Q 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 05
Dividend increased to CN¥0.18 Dividend of CN¥0.18 is 38% higher than last year. Ex-date: 10th July 2024 Payment date: 10th July 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 16% per year over the past 4 years and payments have been stable during that time. EPS is expected to decline by 29% over the next 3 years. However, it would need to fall by 89% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥26.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 23x in the Entertainment industry in China. Total loss to shareholders of 62% over the past three years. Reported Earnings • Apr 22
First quarter 2024 earnings released: EPS: CN¥0.25 (vs CN¥0.29 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.29 in 1Q 2023). Revenue: CN¥3.32b (up 8.8% from 1Q 2023). Net income: CN¥472.3m (down 13% from 1Q 2023). Profit margin: 14% (down from 18% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: CN¥1.90 (vs CN¥0.98 in FY 2022) Full year 2023 results: EPS: CN¥1.90 (up from CN¥0.98 in FY 2022). Revenue: CN¥14.6b (up 6.8% from FY 2022). Net income: CN¥3.56b (up 95% from FY 2022). Profit margin: 24% (up from 13% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥23.52, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Entertainment industry in China. Total loss to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥15.89 per share. Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥29.76, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Entertainment industry in China. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥17.80 per share. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥29.25, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 19x in the Entertainment industry in China. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥21.64 per share. Reported Earnings • Oct 25
Third quarter 2023 earnings released: EPS: CN¥0.27 (vs CN¥0.26 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.27 (up from CN¥0.26 in 3Q 2022). Revenue: CN¥3.51b (flat on 3Q 2022). Net income: CN¥514.9m (up 5.6% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 18
Second quarter 2023 earnings released: EPS: CN¥0.38 (vs CN¥0.37 in 2Q 2022) Second quarter 2023 results: EPS: CN¥0.38 (up from CN¥0.37 in 2Q 2022). Revenue: CN¥3.63b (up 1.2% from 2Q 2022). Net income: CN¥705.8m (up 3.3% from 2Q 2022). Profit margin: 19% (in line with 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. お知らせ • Jul 06
Mango Excellent Media Co., Ltd. Announces Final Cash Dividend on A Shares for the Year 2022, Payable on July 11, 2023 Mango Excellent Media Co., Ltd. announced final cash dividend of CNY 1.30 per 10 shares on A shares for the year 2022. Record date is July 10, 2023, Ex-Date is July 11, 2023 and Payment Date is July 11, 2023. New Risk • Jun 25
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 9.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to CN¥38.06, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 27x in the Entertainment industry in China. Total loss to shareholders of 36% over the past three years. お知らせ • May 13
Mango Excellent Media Co., Ltd., Annual General Meeting, May 31, 2023 Mango Excellent Media Co., Ltd., Annual General Meeting, May 31, 2023, at 14:30 China Standard Time. Agenda: To consider the 2022 work report of the board of directors; to consider the 2022 work report of the supervisory committee; to consider the 2022 profit distribution plan; to consider the 2022 annual report and its summary; to consider the shareholder return plan for the next three years from 2023 to 2025; to consider the 2023 estimated continuing connected transactions; to consider the application for credit line to banks; to consider the reappointment of audit firm; and to consider the connected transaction regarding wholly-owned subsidiaries' financial aid to its controlled subsidiaries. Board Change • Apr 30
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 5 experienced directors. No highly experienced directors. 4 independent directors (5 non-independent directors). Independent Director Hong Ming Zhong is the most experienced director on the board, commencing their role in 2017. Non-Independent Director Xin Liu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Board Change • Apr 28
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Non-Independent Director Weixiong Luo was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 23
First quarter 2023 earnings released: EPS: CN¥0.29 (vs CN¥0.27 in 1Q 2022) First quarter 2023 results: EPS: CN¥0.29 (up from CN¥0.27 in 1Q 2022). Revenue: CN¥3.06b (down 2.2% from 1Q 2022). Net income: CN¥545.0m (up 7.4% from 1Q 2022). Profit margin: 18% (up from 16% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to CN¥34.10, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 25x in the Entertainment industry in China. Total loss to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥22.57 per share. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥31.21, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Entertainment industry in China. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥23.33 per share. Buying Opportunity • Oct 26
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 34%. The fair value is estimated to be CN¥27.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 68% in the next 2 years. Reported Earnings • Oct 25
Third quarter 2022 earnings released: EPS: CN¥0.26 (vs CN¥0.29 in 3Q 2021) Third quarter 2022 results: EPS: CN¥0.26 (down from CN¥0.29 in 3Q 2021). Revenue: CN¥3.52b (down 6.7% from 3Q 2021). Net income: CN¥487.5m (down 7.8% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Entertainment industry in China. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 19
Second quarter 2022 earnings released: EPS: CN¥0.37 (vs CN¥0.39 in 2Q 2021) Second quarter 2022 results: EPS: CN¥0.37. Revenue: CN¥3.59b (down 6.6% from 2Q 2021). Net income: CN¥683.3m (flat on 2Q 2021). Profit margin: 19% (up from 18% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 27%, compared to a 24% growth forecast for the Entertainment industry in China. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improved over the past week After last week's 26% share price gain to CN¥35.80, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Entertainment industry in China. Total returns to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥29.19 per share. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: CN¥0.27 (vs CN¥0.43 in 1Q 2021) First quarter 2022 results: EPS: CN¥0.27 (down from CN¥0.43 in 1Q 2021). Revenue: CN¥3.12b (down 22% from 1Q 2021). Net income: CN¥507.5m (down 34% from 1Q 2021). Profit margin: 16% (down from 19% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 25%, compared to a 26% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to CN¥39.27, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Entertainment industry in China. Total returns to shareholders of 89% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥60.38 per share. Buying Opportunity • Jan 14
Now 23% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be CN¥59.70, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% per annum over the last 3 years. Earnings per share has grown by 33% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥58.61, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 24x in the Entertainment industry in China. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥58.52 per share. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improved over the past week After last week's 16% share price gain to CN¥53.51, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Entertainment industry in China. Total returns to shareholders of 142% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥58.47 per share. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improved over the past week After last week's 17% share price gain to CN¥45.80, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the Entertainment industry in China. Total returns to shareholders of 126% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥57.64 per share. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.29 (vs CN¥0.29 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥3.78b (up 2.2% from 3Q 2020). Net income: CN¥528.8m (up 4.0% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 28% per year. Valuation Update With 7 Day Price Move • Oct 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥39.38, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Entertainment industry in China. Total returns to shareholders of 112% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥53.68 per share. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment deteriorated over the past week After last week's 17% share price decline to CN¥45.18, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 15x in the Entertainment industry in China. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥49.27 per share. Reported Earnings • Aug 19
Second quarter 2021 earnings released: EPS CN¥0.39 (vs CN¥0.35 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: CN¥3.84b (up 26% from 2Q 2020). Net income: CN¥677.8m (up 8.7% from 2Q 2020). Profit margin: 18% (down from 21% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 31% per year. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥57.77, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 14x in the Entertainment industry in China. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CN¥48.22 per share. Reported Earnings • Apr 26
First quarter 2021 earnings released: EPS CN¥0.43 (vs CN¥0.27 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥4.01b (up 47% from 1Q 2020). Net income: CN¥773.5m (up 61% from 1Q 2020). Profit margin: 19% (up from 18% in 1Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Mar 05
New 90-day low: CN¥63.93 The company is down 5.0% from its price of CN¥67.50 on 04 December 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥13.62 per share. Analyst Estimate Surprise Post Earnings • Mar 04
Revenue misses expectations Revenue missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 33%, compared to a 49% growth forecast for the Entertainment industry in China. Reported Earnings • Mar 04
Full year 2020 earnings released: EPS CN¥1.10 (vs CN¥0.66 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥14.0b (up 12% from FY 2019). Net income: CN¥1.96b (up 70% from FY 2019). Profit margin: 14% (up from 9.2% in FY 2019). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Jan 13
New 90-day high: CN¥83.90 The company is up 11% from its price of CN¥75.66 on 16 October 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥83.21 per share. Is New 90 Day High Low • Nov 25
New 90-day low: CN¥62.47 The company is down 6.0% from its price of CN¥66.30 on 27 August 2020. The Chinese market is up 1.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Entertainment industry, which is down 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥73.04 per share. Is New 90 Day High Low • Nov 02
New 90-day high: CN¥78.73 The company is up 17% from its price of CN¥67.28 on 04 August 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥74.82 per share. Analyst Estimate Surprise Post Earnings • Oct 30
Third-quarter earnings released: Revenue misses expectations Third-quarter revenue missed analyst estimates by 9.6% at CN¥3.70b. Revenue is forecast to grow 31% over the next year, compared to a 41% growth forecast for the Entertainment industry in China. Reported Earnings • Oct 30
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥1.79b, up 74% from the prior year. Total revenue was CN¥13.7b over the last 12 months, up 28% from the prior year. Is New 90 Day High Low • Oct 12
New 90-day high: CN¥75.00 The company is up 3.0% from its price of CN¥72.56 on 14 July 2020. The Chinese market is down 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is down 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥21.34 per share. お知らせ • Oct 01
Mango Excellent Media Co., Ltd. announced that it expects to receive CNY 4.5 billion in funding Mango Excellent Media Co., Ltd. (SZSE:300413) announced a private placement of not more than 93,704,079 A shares for gross proceeds of not more than CNY 4,500,000,000 on September 25, 2020. The transaction will include participation from not more than 35 specific investors. The company will issue shares at a price not less than 80% of the average price of the company’s stock on the 20 trading days before the first day of issuance. All shares to be issued cannot be transferred within six months from the closing date. The transaction has been approved in the 32nd meeting of the third board of directors of the company, and is subject to approval in shareholders' meeting of the company, approvals of state-owned assets supervision and management agency, Shenzhen Stock Exchange, and China Securities Regulatory Commission. お知らせ • Aug 11
Mango Excellent Media Co., Ltd. to Report First Half, 2020 Results on Aug 27, 2020 Mango Excellent Media Co., Ltd. announced that they will report first half, 2020 results on Aug 27, 2020 