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Definitive Analysis

Financial Statements

Periods / Units / Analysis

Ticker

Industry

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Page: Company Financials

Maoyan Entertainment

Ticker: 1896.HK | Industry: Internet Content & Information | Sector: Communication Services
$7.15 +0.06 (0.85%)
As of: 2026-01-23

Master Data Export


Enterprise Value

Metric 2024 2023 2022 2021 2020 2019 2018 2017
Stock Price 7.50 7.66 7.40 8.80 10.53 12.25 12.60 12.45
Market Capitalization 8,509.47M 8,832.64M 8,541.13M 9,251.69M 11,906.46M 13,959.37M 13,157.31M 13,427.25M
(-) Cash & Equivalents 1,526.81M 2,820.90M 1,822.22M 2,246.67M 1,655.74M 1,995.86M 1,120.89M 585.07M
(+) Total Debt 489.66M 206.46M 379.22M 790.23M 982.80M 1,191.20M 479.00M 0.00M
Enterprise Value 7,472.31M 6,218.20M 7,098.13M 7,795.25M 11,233.52M 13,154.71M 12,515.42M 12,842.18M

Income Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Revenue 9,115M 6,040M 4,082M 4,757M 2,319M 3,323M 1,366M 4,268M 3,755M 2,548M 1,378M 597M
Cost of Revenue 5,270M 3,122M 2,457M 2,373M 1,300M 1,481M 828M 1,610M 1,399M 806M 490M 298M
Gross Profit 3,845M 2,918M 1,625M 2,385M 1,020M 1,842M 537M 2,657M 2,356M 1,742M 888M 299M
Gross Profit Margin 42.2% 48.3% 39.8% 50.1% 44.0% 55.4% 39.3% 62.3% 62.8% 68.4% 64.4% 50.0%
R&D Expenses 435M 426M 219M 215M 196M 230M 213M 221M 214M 144M 163M 49M
SG&A Expenses 2,664M 2,001M 1,303M 1,214M 780M 1,033M 839M 1,996M 2,463M 1,801M 1,360M 1,597M
Operating Expenses 2,820M 2,220M 1,429M 1,287M 858M 1,304M 1,141M 1,943M 2,454M 1,780M 1,356M 1,597M
Operating Income (EBIT) 1,025M 698M 196M 1,098M 162M 538M -604M 714M -97M -38M -468M -1,299M
Operating Income Margin 11.2% 11.6% 4.8% 23.1% 7.0% 16.2% -44.2% 16.7% -2.6% -1.5% -34.0% -217.7%
Interest Income 140M 55M 121M 81M 39M 28M 16M 29M 4M 2M 1M 0M
Interest Expense 0M 0M 10M 5M 17M 31M 38M 43M 11M 13M 5M 0M
Net Interest Income 140M 55M 112M 76M 22M -3M -22M -14M -7M -11M -4M 0M
Unusual Items 40M -3M -6M -20M -3M 0M -3M -39M -44M -26M -26M -2M
EBT Excluding Unusual Items 1,165M 752M 308M 1,174M 184M 535M -626M 700M -104M -50M -472M -1,299M
Pre-Tax Income 1,205M 749M 301M 1,154M 181M 535M -629M 662M -148M -76M -498M -1,301M
Pre-Tax Margin 13.2% 12.4% 7.4% 24.3% 7.8% 16.1% -46.0% 15.5% -3.9% -3.0% -36.2% -218.0%
Income Tax Expense 248M 258M 119M 246M 76M 166M 18M 203M -10M 0M 10M -3M
Net Income 864M 493M 182M 910M 105M 369M -646M 463M -137M -75M -508M -1,297M
Net Income Margin 9.5% 8.2% 4.5% 19.1% 4.5% 11.1% -47.3% 10.9% -3.7% -3.0% -36.9% -217.4%
Depreciation & Amortization 209M 260M 104M 121M 149M 155M 171M 164M 149M 49M 9M 3M
EBITDA 1,234M 958M 299M 1,220M 311M 693M -433M 878M 51M 10M -459M -1,295M
EBITDA Margin 13.5% 15.9% 7.3% 25.6% 13.4% 20.9% -31.7% 20.6% 1.4% 0.4% -33.3% -217.1%
NOPAT 814M 458M 118M 864M 94M 371M -477M 495M -77M -30M -370M -1,026M
NOPAT Margin 8.9% 7.6% 2.9% 18.2% 4.0% 11.2% -34.9% 11.6% -2.0% -1.2% -26.9% -171.9%
Owner's Earnings 1,042M 731M 271M 1,007M 242M 504M -488M 605M -3M -53M -529M -1,305M
Owner's Earnings Margin 11.4% 12.1% 6.6% 21.2% 10.4% 15.2% -35.7% 14.2% -0.1% -2.1% -38.4% -218.6%
EPS (Basic) 0.75 0.43 0.16 0.79 0.09 0.32 -0.57 0.42 -0.12 -0.07 -0.46 -1.15
EPS (Diluted) 0.75 0.43 0.16 0.79 0.09 0.32 -0.57 0.41 -0.12 -0.07 -0.45 -1.15
Shares (Basic) 1,140M 1,101M 1,146M 1,152M 1,144M 1,140M 1,133M 1,111M 1,107M 1,107M 1,107M 1,126M
Shares (Diluted) 1,149M 1,144M 1,148M 1,148M 1,147M 1,145M 1,133M 1,121M 1,126M 1,126M 1,126M 1,126M

Balance Sheet

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Cash & Cash Equivalents 1,540.84M 903.06M 903.06M 2,147.22M 1,720.88M 2,519.99M 2,140.15M 1,540.41M 1,536.46M 1,170.13M 1,102.23M 63.75M
Short-Term Investments 916.18M 1,603.28M 1,603.28M 1,292.31M 557.76M 143.36M 397.86M 581.72M 384.72M 963.14M 0.00M 0.00M
Cash & Short-Term Investments 2,457.02M 2,506.34M 2,506.34M 3,439.53M 2,278.64M 2,663.35M 2,538.01M 2,122.14M 1,921.17M 2,133.27M 1,102.23M 63.75M
Net Receivables 3,818.67M 3,985.83M 3,985.83M 747.74M 436.92M 909.86M 318.97M 551.65M 324.59M 700.14M 140.83M 188.80M
Inventory 31.70M 34.00M 34.00M 39.43M 19.27M 35.05M 35.15M 28.23M 13.47M 3.65M 0.29M 1.79M
Other Current Assets 78.79M 16.91M 16.91M 2,846.05M 1,957.84M 1,918.55M 2,007.26M 2,666.96M 1,315.25M 426.31M 309.22M 356.72M
Total Current Assets 6,386.18M 6,543.07M 6,543.07M 7,072.76M 4,692.67M 5,526.80M 4,899.40M 5,368.98M 3,574.48M 3,263.37M 1,552.56M 611.05M
Property, Plant & Equipment 23.99M 35.75M 35.75M 55.42M 56.07M 35.20M 47.72M 69.73M 30.91M 31.80M 3.58M 13.73M
Goodwill 4,504.88M 4,504.88M 4,504.88M 4,504.88M 4,504.88M 4,504.88M 4,504.88M 4,504.88M 4,451.97M 4,522.32M 0.00M 0.00M
Intangible Assets 213.10M 258.65M 258.65M 350.22M 443.09M 558.04M 699.24M 836.19M 938.79M 1,085.90M 0.00M 0.00M
Long-Term Investments 1,639.14M 944.01M 944.01M -782.19M -59.02M 240.75M -16.17M -134.47M -308.62M -891.27M 0.00M 0.00M
Tax Assets 40.82M 0.00M 0.00M 34.74M 59.02M 14.55M 11.93M 10.43M 4.14M 3.50M 0.00M 3.38M
Other Non-Current Assets 54.52M 95.41M 95.41M 1,304.26M 561.30M 148.11M 461.54M 695.51M 384.72M 963.14M 0.00M 0.00M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Assets 6,476.46M 5,838.70M 5,838.70M 5,467.34M 5,565.35M 5,501.53M 5,709.15M 5,982.27M 5,501.92M 5,715.39M 3.58M 17.11M
Total Assets 12,862.64M 12,381.76M 12,381.76M 12,540.10M 10,258.02M 11,028.34M 10,608.54M 11,351.25M 9,076.40M 8,978.76M 1,556.13M 628.16M
Accounts Payable 972.63M 752.81M 752.81M 880.58M 386.67M 293.37M 289.21M 367.66M 295.20M 331.20M 124.75M 36.10M
Short-Term Debt 269.12M 470.44M 470.44M 250.00M 335.00M 597.03M 1,058.07M 1,161.60M 958.01M 0.00M 381.86M 0.00M
Tax Payables 96.87M 36.06M 36.06M 80.98M 43.17M 51.32M 33.68M 95.06M 47.50M 60.60M 20.41M 1.23M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 1,978.82M 1,402.43M 1,270.77M 47.50M 0.00M 1,041.77M 0.00M
Other Current Liabilities 26.41M 46.59M 46.59M 2,112.27M 1,095.15M -173.10M 1.08M -176.85M 1,636.45M 2,728.95M 891.17M 1,754.98M
Total Current Liabilities 1,365.02M 1,305.89M 1,305.89M 3,323.84M 1,859.98M 2,747.44M 2,784.47M 2,718.24M 2,984.64M 3,120.75M 2,459.96M 1,792.31M
Long-Term Debt 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Capital Lease Obligations 3.44M 10.77M 10.77M 28.47M 38.05M 9.08M 22.84M 36.31M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 111.24M 101.58M 101.58M 90.59M 111.18M 132.02M 156.46M 185.67M 197.00M 221.78M 4.15M 0.00M
Other Non-Current Liabilities 0.00M 0.00M 0.00M 90.59M 111.18M 0.00M 156.46M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 114.69M 112.35M 112.35M 209.64M 260.42M 141.09M 335.75M 221.98M 197.00M 221.78M 4.15M 0.00M
Total Liabilities 1,479.70M 1,418.24M 1,418.24M 3,533.48M 2,120.40M 2,888.53M 3,120.22M 2,940.23M 3,181.64M 3,342.53M 2,464.11M 1,792.31M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 0.16M 0.16M 0.16M 0.15M 0.15M 0.15M 0.15M 0.15M 0.13M 0.00M 0.00M 0.00M
Retained Earnings 1,062.64M 869.98M 869.98M 687.76M -156.52M -261.64M -641.23M 4.86M -455.15M -318.06M -259.94M -1,297.43M
Accumulated OCI 5,602.52M 8,178.18M 8,178.18M 5,816.34M 5,883.70M 5,828.30M 5,907.54M 6,006.13M -13.24M -10.60M -0.37M -3.85M
Minority Interest 0.00M 0.00M 0.00M -2.91M 1.42M 0.00M 0.00M 0.00M 4.60M 11.06M 0.00M 0.00M
Total Shareholders’ Equity 6,665.31M 9,048.31M 9,048.31M 6,504.25M 5,727.34M 5,566.82M 5,266.46M 6,011.15M -468.26M -328.66M -260.32M -1,301.28M
Total Equity 6,665.31M 9,048.31M 9,048.31M 6,501.34M 5,728.75M 5,566.82M 5,266.46M 6,011.15M -463.66M -317.60M -260.32M -1,301.28M
Total Liabilities & Equity 8,145.02M 10,466.56M 10,466.56M 10,034.82M 7,849.15M 8,455.35M 8,386.68M 8,951.37M 2,717.98M 3,024.93M 2,203.79M 491.03M
Tangible Assets 8,144.65M 7,618.23M 7,618.23M 7,684.99M 5,310.05M 5,965.41M 5,404.42M 6,010.17M 3,685.63M 3,370.53M 1,556.13M 628.16M
Tangible Equity 1,947.33M 4,284.78M 4,284.78M 1,646.24M 780.78M 503.89M 62.34M 670.07M -5,854.43M -5,925.82M -260.32M -1,301.28M
Tangible Book Value 1,947.33M 4,284.78M 4,284.78M 1,646.24M 780.78M 503.89M 62.34M 670.07M -5,854.43M -5,925.82M -260.32M -1,301.28M
Total Investments 2,555.32M 2,547.28M 2,547.28M 510.12M 498.74M 384.10M 381.70M 447.25M 76.10M 71.87M 0.00M 0.00M
Net Debt -1,271.72M -432.62M -432.62M -1,897.22M -1,385.88M -1,922.96M -1,082.08M -378.81M -578.45M -1,170.13M -720.36M -63.75M

Capital Metrics

Metric MRQ MRQ-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Working Capital 2,496.0M 3,311.2M 3,311.2M 3,673.2M 2,743.3M 2,618.2M 2,079.0M 2,513.7M 401.6M 37.7M 15.0M -1,237.2M
Total Capital 9,133.8M 9,529.5M 9,529.5M 9,319.7M 8,545.4M 8,593.8M 8,704.0M 9,486.0M 6,660.0M 5,520.2M 396.3M -1,220.1M
Capital Employed 8,972.5M 9,149.9M 9,149.9M 9,140.6M 8,308.7M 8,119.7M 7,788.1M 8,496.0M 5,903.5M 5,753.1M 18.6M -1,220.1M
Invested Capital 7,593.0M 8,626.5M 8,626.5M 7,172.4M 6,824.5M 6,073.8M 6,563.8M 7,945.5M 5,123.5M 4,350.1M -706.0M -1,283.8M

Cash Flow Statement

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
Net Income 864.13M 493.26M 301.33M 1,153.68M 181.29M 534.84M -628.62M 661.54M -148.04M -75.83M -498.33M -1,300.81M
Depreciation & Amortization 177.28M 287.07M 0.00M 121.46M 149.22M 170.94M 171.33M 163.94M 148.57M 48.52M 9.14M 3.44M
Deferred Income Tax 0.00M -430.96M 0.00M 0.00M 0.00M 182.65M 336.30M -187.01M 8.64M 24.60M 25.20M 4.65M
Stock-Based Compensation 75.69M 19.58M 38.96M 30.07M 8.78M 33.42M 72.60M 103.23M 161.85M 184.54M 202.71M 27.35M
Change in Working Capital -1,228.82M -653.84M -1,200.75M 338.06M -210.74M -345.64M 321.88M -1,695.31M -1,302.71M 880.98M 322.42M 275.75M
Accounts Receivable -615.74M -225.87M -204.84M -410.90M 419.14M -645.01M 111.67M -268.29M -38.22M -118.43M 49.01M -132.78M
Inventory -14.72M 15.88M 5.44M -20.16M 15.78M 0.11M -6.92M -19.74M -9.92M -3.07M 1.50M -1.79M
Accounts Payable 0.00M 0.00M 0.00M 0.00M -419.14M 645.01M -111.67M 268.29M 0.00M 0.00M 0.00M 0.00M
Other Working Capital -598.36M -443.85M -1,001.34M 769.12M -226.51M -345.74M 328.80M -1,675.57M -1,292.79M 884.05M 320.92M 277.54M
Other Non-Cash Items -51.74M 1,708.80M 14.20M -147.76M -53.34M 3.04M 20.66M 13.76M 6.82M 11.25M 3.60M -0.03M
Net Cash from Operating Activities -163.46M 1,854.88M -846.26M 1,495.51M 75.22M 579.26M 294.15M -939.86M -1,124.87M 1,074.06M 64.73M -989.66M
Capital Expenditures (PPE) -23.21M -21.92M 0.00M -22.40M -12.31M -19.57M -12.59M -22.40M -14.45M -25.75M -29.60M -10.64M
Acquisitions (Net) 0.00M 0.00M 0.00M 0.00M -2.11M -9.50M -2.10M -80.12M -11.75M -128.85M 0.00M 0.00M
Purchases of Investments 0.00M 0.00M 0.00M -2,729.33M -1,331.41M -798.02M -662.31M -4,291.89M -3,240.75M -10,755.00M -3,450.00M 0.00M
Sales / Maturities of Investments 0.00M 0.00M 0.00M 1,885.11M 846.46M 979.68M 829.46M 3,740.76M 3,805.11M 9,827.56M 3,454.32M 0.00M
Other Investing Activities -1,757.44M 382.19M -806.78M 35.38M -29.48M 10.91M 180.48M -261.09M 4.07M 1.99M 1.39M 0.03M
Net Cash from Investing Activities -1,780.65M 360.27M -806.78M -831.24M -528.84M 163.50M 332.95M -914.74M 542.24M -1,080.04M -23.89M -10.61M
Net Debt Issuance 0.00M 0.00M 220.44M -85.00M -262.03M -461.04M -13.65M 561.60M 600.00M 0.00M 400.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M -84.53M 39.92M -13.65M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 220.44M -85.00M -177.50M -500.97M 0.00M 561.60M 600.00M -400.00M 400.00M 0.00M
Net Stock Issuance -45.60M 0.00M -45.60M 0.06M 0.03M 4.29M 0.48M 1,675.58M 0.00M 0.00M 592.08M 1,014.01M
Common Stock Issuance 0.00M 0.00M 0.00M 0.06M 0.03M 4.29M 0.48M 1,675.58M 0.00M 0.00M 592.08M 1,014.01M
Common Stock Repurchased -45.60M 0.00M -45.60M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 327.75M -1,051.83M 226.15M -158.43M -153.63M 115.69M 29.24M -387.18M 349.06M 74.00M 5.56M 50.00M
Net Cash from Financing Activities 282.16M -1,051.83M 401.00M -243.37M -415.63M -341.07M 16.06M 1,850.00M 949.06M 74.00M 997.64M 1,064.01M
Effect of FX on Cash -30.68M 96.79M 7.88M 5.45M 70.14M -21.85M -43.42M 8.56M -0.11M -0.11M 0.00M 0.00M
Net Change in Cash -2,692.02M 630.06M -1,244.16M 426.35M -799.11M 379.84M 599.74M 3.96M 366.33M 67.90M 1,038.48M 63.75M
Cash at Beginning of Period -543.12M 3,896.93M 2,147.22M 1,720.88M 2,519.99M 2,140.15M 1,540.41M 1,536.46M 1,170.13M 1,102.23M 63.75M 0.00M
Cash at End of Period -541.45M 4,526.98M 903.06M 2,147.22M 1,720.88M 2,519.99M 2,140.15M 1,540.41M 1,536.46M 1,170.13M 1,102.23M 63.75M
Operating Cash Flow -163.46M 1,854.88M -846.26M 1,495.51M 75.22M 579.26M 294.15M -939.86M -1,124.87M 1,074.06M 64.73M -989.66M
Capital Expenditure -30.77M -21.92M -14.35M -24.64M -12.31M -19.57M -12.59M -22.40M -14.45M -25.75M -29.60M -10.64M
Free Cash Flow -194.22M 1,832.96M -860.61M 1,470.87M 62.91M 559.69M 281.56M -962.26M -1,139.32M 1,048.31M 35.13M -1,000.29M

Free Cash Flow

Metric TTM TTM-1 2024-12-31 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31
EBITDA 954.61M 751.46M 206.57M 1,076.84M 193.50M 734.38M -343.81M 604.94M -173.04M -154.20M -626.00M -1,344.34M
(-) Tax Adjustment 196.45M 258.46M 72.30M 229.47M 67.73M 228.40M 0.00M 185.34M -11.28M 0.00M 0.00M -3.49M
(-) Change In Working Capital -1,228.82M -653.84M -1,200.75M 338.06M -210.74M -345.64M 321.88M -1,695.31M -1,302.71M 880.98M 322.42M 275.75M
(-) Capital Expenditure -30.77M -21.92M -14.35M -24.64M -12.31M -19.57M -12.59M -22.40M -14.45M -25.75M -29.60M -10.64M
Unlevered Free Cash Flow 1,956.21M 1,124.92M 1,320.67M 484.67M 324.21M 832.05M -678.27M 2,092.51M 1,126.50M -1,060.93M -978.02M -1,627.24M
(-) Net Interest Income After Taxes 111.12M 35.80M 72.72M 59.74M 14.38M -2.10M -21.94M -9.54M -6.38M -11.25M -3.60M 0.03M
Net Debt Issuance 0.00M 0.00M 220.44M -85.00M -262.03M -461.04M -13.65M 561.60M 600.00M 0.00M 400.00M 0.00M
Levered Free Cash Flow 1,845.10M 1,089.12M 1,468.39M 339.93M 47.80M 373.10M -669.99M 2,663.65M 1,732.88M -1,049.68M -574.41M -1,627.26M