On the 24th, Mango Excellent Media Co.Ltd(300413) 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 decline in performance in the first quarter, Mango Excellent Media Co.Ltd(300413) explained that there were two reasons: first, the covid-19 epidemic repeatedly affected the content production progress, resulting in the delay of the scheduling of key variety shows of mango TV in the first quarter; Second, the base of the same period last year was relatively high.
Mango Excellent Media Co.Ltd(300413) also said that according to the company’s content production and scheduling plan, key variety shows and film and television dramas such as “sound never stops” and “ride 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 China International Capital Corporation Limited(601995) on April 23, China International Capital Corporation Limited(601995) in the first quarter, the number of heavily held mango media funds decreased by 94 compared with the previous quarter, ranking first among the 20 media companies counted.
In the secondary market, Mango Excellent Media Co.Ltd(300413) share price “fell endlessly” after reaching 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.
