芒果超媒:2025年年度报告摘要（英文版）

Mango Excellent Media Co. Ltd. Summary of 2025 Annual Report

Stock Code: 300413 Stock short name: Mango Excellent Media Announcement No.: 2026-019

Mango Excellent Media Co. Ltd.Summary of 2025 Annual Report

I. Important Note

This summary of annual report comes from the full text of our annual report. Investors should carefully read the full text of our

annual report published in the media designated by the China Securities Regulatory Commission (the “CSRC”) to fully

understand our results of operation financial position and future development plan.All directors attended the meeting of the Board of Directors reviewing this Report.Audit opinion of Pan-China Certified Public Accountants LLP: Unmodified Opinion.Note about modified opinion

□Applicable□ N/A

The Company was unprofitable upon listing and has not yet achieved profitability

□Applicable□ N/A

Proposal for profit distribution or transfer of capital reserve to share capital for the reporting period considered by the Board of

Directors

□Applicable□ N/A

According to the profit distribution proposal approved by the Board of Directors the Company will distribute a cash dividend of

RMB2.6 (tax inclusive) per 10 shares to all shareholders on the basis of 1870720815 shares without distributing any bonus

shares or transferring any capital reserve to the share capital.Proposal for distribution of profits to the preferred shareholders for the reporting period adopted by the Board of Directors

□Applicable□ N/A

II. Basic Information of the Company

1. Company profile

Stock short name Mango Excellent Media Stock code 300413

Stock exchange on which the

The Shenzhen Stock Exchange

shares are listed

Contact person and contact

Board Secretary Securities Affairs Representative

information

Name ZHANG Zhihong ZHOUYong

Golden Eagle TV Culture City Golden Eagle TV Culture City Changsha

Office address

Changsha Hunan Hunan

Fax (0731) 82897962 (0731) 82897962

Telephone (0731) 82967188 (0731) 82967188

Email mangocm@mangocm.com mangocm@mangocm.com

1Mango Excellent Media Co. Ltd. Summary of 2025 Annual Report

2. Brief Introduction to Principal Businesses or Products during the Reporting Period

As the only state-controlled long-video new media platform in the A-share market the Company serves as a key reform

achievement of Hunan Broadcasting System in implementing the national strategy for in-depth media integration issued by the

central authorities. It has been recognized as one of the first National Pilot Entities for Radio and Television Media Integration by

the National Radio and Television Administration and has been listed in the Top 30 National Cultural Enterprises for six

times.Leveraging its Mango-featured media integration ecosystem the Company actively explores effective mechanisms for the

integration of culture and technology. Centering on Mango TV its online video platform and focusing on full-industry chain

control and ecological collaboration it has built an ecological matrix featuring "one network connection and multi-point linkage".The Company is committed to building a digital and intelligent mainstream new media platform with global communication

reach influence and competitiveness.The Company’s core businesses cover three major segments: Mango TV online video

business new media interactive entertainment content production and content e-commerce.

1.Mango TV online video business

This segment covers advertising membership and operator businesses. Relying on abundant content copyright resources and

exclusive broadcasting strategies the membership business attracts target audiences to subscribe through diversified promotion

campaigns and channel expansion. Centering on high-quality content the advertising business fully explores the marketing value

of IPs and provides a wide range of advertising products and services including title sponsorship product placement pre-roll ads

and mid-roll ads. Giving full play to its licenses and content advantages the operator business cooperates with

telecommunications carriers and cable TV operators to obtain revenue sharing from on-demand content services.

2.New media interactive entertainment content production

This segment encompasses content production and operation artist management music copyright IP derivatives and other

businesses.The content production and operation business generates revenue through the creation and distribution of variety

shows TV dramas children’s animations and other film and television programs as well as content operation and copyright

distribution.The artist management business builds a diversified and well-rounded artist talent pipeline forming a complete

commercial ecosystem covering film and variety show appearances commercial performances and brand concerts.Leveraging its

long-accumulated and continuously enriched music resources the music copyright business carries out copyright licensing

services.The IP derivative business develops multi-dimensional IP derivative products and builds offline brands such as M-CITY

study tour programs and Maiji.

3.Content e-commerce

This segment leverages the Company’s strengths in high-quality media creativity content production and artist resources.Through multiple channels including mobile applications smart large screens mini-programs and live streaming rooms it

2Mango Excellent Media Co. Ltd. Summary of 2025 Annual Report

conducts integrated communication and targeted marketing to guide consumer demand and drive product sales.Xiaomang

E-commerce is committed to building a consumption platform featuring emotional value. It focuses on the integration of IP

content and e-commerce businesses explores innovative commercialization paths for Mango IPs and establishes a closed-loop

business model ranging from video content viewing to interactive consumption. On the basis of consolidating its traditional

businesses Happigo deeply connects with origin places of goods builds a content matrix for Suyuan product traceability and

vigorously promotes the development of self-operated brands.

3. Key accounting data and financial indicators

(1) Major Accounting Data and Financial Indicators for the Last Three Years

Did the Company need to retrospectively adjust or re-state accounting data of prior accounting years

□Yes□No

Unit: Yuan

End of 2025 End of 2024 Change fromPrevious Year End End of 2023

Total Assets 33171867484.43 32530165142.43 1.97% 31422386654.49

Net Assets Attributable to

Shareholders of the Listed 23368627338.67 22488957025.14 3.91% 21492422786.43

Company

2025 2024 Change fromPrevious Year 2023

Operating Revenue 13813480305.41 14079689573.23 -1.89% 14628016301.84

Net Profit Attributable to

Shareholders of the Listed 1227146306.33 1364348174.20 -10.06% 3555705558.90

Company

Net Profit Attributable to

Shareholders of the Listed

Company (Deducting 1152484059.34 1644849888.65 -29.93% 1695473001.05

Non-recurring Gains and

Losses)

Net Cash Flow Generated

from Operating Activities 1183693380.43 -25185869.72 4799.83% 1083773256.71

Basic Earnings per Share

(yuan/share) 0.66 0.73 -9.59% 1.90

Diluted Earnings per Share

(yuan/share) 0.66 0.73 -9.59% 1.90

Weighted Average Return on

Net Assets 5.36% 6.21% -0.85% 17.34%

(2) Quarterly Major Accounting Data

Unit: Yuan

Q1 Q2 Q3 Q4

Operating Revenue 2900344772.02 3063338557.67 3099444315.33 4750352660.39

Net Profit Attributable to

Shareholders of the Listed 378811611.91 384585839.03 252473958.70 211274896.69

Company

Net Profit Attributable to

Shareholders of the Listed

Company (Deducting 303428595.79 306391874.02 181121471.11 361542118.42

Non-recurring Gains and Losses)

Net Cash Flow Generated from

Operating Activities -216567042.85 676635781.89 214250148.13 509374493.26

Whether the above financial indicators or their aggregate values differ materially from the relevant financial indicators disclosed

3Mango Excellent Media Co. Ltd. Summary of 2025 Annual Report

in the Company’s quarterly reports and semi-annual reports

□Applicable□ N/A

4. Shareholders and shareholding

(1) Table of Number of Ordinary Shareholders and Preferred Shareholders with Restored Voting Rights and

Shareholding Details of the Top 10 Shareholders

Unit: Shares

Total number Total number

Total number of preferred

of ordinary Total number of

of preferred

shareholders shareholders

Total number

shareholders ordinary shareholders with voting with voting shareholders

as at the end 54721 as at the end of the rights restored

of the month preceding the

68623 rights restored 0

as at the end as at the end

0 holding 0

reporting annual report of the month

special voting

period disclosure

of the rights (if

reporting preceding the

period annual report

applicable)

disclosure

Top 10 Shareholders (Excluding shares lent through refinancing)

Pledged marked or frozen

Shareholder Name Shareholder Shareholdin

Number of

Nature g Ratio Number of Shares Held RestrictedShares Held Status Quantity

Mango Media Co. State-owned 849019732.0

Ltd. corporation 56.09% 1049300301.00 0 N/A 0

China Mobile

Capital Holding Co. State-ownedcorporation 7.01% 131188792.00 0 N/A 0Ltd.Hunan Caixin

Jingguo Equity

Investment State-owned 5.01% 93647857.00 0 N/A 0

Partnership (Limited corporation

Partnership)

Hong Kong

Securities Clearing Overseas

Company Limited Legal Person

1.65% 30874901.00 0 N/A 0

National Social

Security Fund Others 0.90% 16747597.00 0 N/A 0

Portfolio 118

National Social

Security Fund Others 0.85% 15885463.00 0 N/A 0

Portfolio 112

Industrial and

Commercial Bank of

China Limited - Others 0.67% 12474121.00 0 N/A 0

Huatai-PineBridge

CSI 300 ETF

4Mango Excellent Media Co. Ltd. Summary of 2025 Annual Report

Industrial and

Commercial Bank of

China Limited - E Others 0.63% 11778892.00 0 N/A 0

Fund ChiNext ETF

China Life Insurance

Company Limited -

Universal - China Others 0.51% 9599314.00 0 N/A 0

Life Ruian

Industrial Bank Co.Ltd. - ICBC Credit

Suisse Cultural and Others 0.48% 9024900.00 0 N/A 0

Sports Industry

Equity Fund

Description of related party Mango Media Co. Ltd. the controlling shareholder of the Company has no related-party

relationships or persons acting in relationship or concerted action relationship with other top 10 shareholders and it is

concert among the above unknown whether or not there is a related-party relationship or concerted action

shareholders. relationship among other top 10 shareholders.Share lending via refinancing by holders of 5% or more of the shares top 10 shareholders and top 10 unrestricted shareholders

□Applicable□ N/A

Changes in top 10 shareholders and top 10 unrestricted shareholders compared to the previous period due to lending or return of

shares via refinancing

□Applicable□ N/A

Whether the Company has made any arrangement for voting right differences

□Yes□No

(2) Total preferred shareholders and shareholdings of top 10 preferred shareholders of the Company

There was no shareholding of shareholders of preference shares during the reporting period.

(3) Disclosure of the ownership and control relationship between the Company and the actual controller in the form of

a block diagram

Hunan State-owned Cultural Assets Supervision and

Administration Commission