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Consolidated Statements of Comprehensive Income/ (Loss) - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Total revenues [1] ¥ 1,030,331 ¥ 1,208,845 ¥ 1,327,781
Cost of revenues [1] (597,397) (559,286) (683,330)
Gross profit 432,934 649,559 644,451
Operating expenses :      
Sales and marketing expenses [1] (276,254) (279,429) (541,772)
General and administrative expenses [1] (334,189) (277,931) (242,047)
Technology and product development expenses [1] (158,586) (171,989) (216,741)
Impairment of goodwill (22,786)
Total operating expenses [1] (769,029) (752,135) (1,000,560)
Loss from operations (336,095) (102,576) (356,109)
Other income/(loss):      
Interest income, net 47,304 35,421 22,721
Foreign currency exchange gain 8,612 5,494 7,892
(Loss)/income from equity method investments, net of impairment 401 5,598 (3,447)
Fair value changes in investments, net 1,906    
Impairment of available-for-sale debt investments   (2,000)  
Gain on disposal of available-for-sale debt investments   477,254 1,001,181
Changes in fair value of loan related to co-sale of Particle shares   (24,535)  
Changes in fair value of forward contract in relation to disposal of investments in Particle   16,085 4,441
Others, net 25,387 35,881 15,031
Income/(loss) before tax from continuing operations (252,485) 446,622 691,710
Income tax expense (20,581) (18,977) (21,950)
Net income/(loss) from continuing operations (273,066) 427,645 669,760
Net income/(loss) from discontinued operations, net of income taxes   (62,366) 54,242
Net income/(loss) (273,066) 365,279 724,002
Net (income)/loss from continuing operations attributable to noncontrolling interests 67,365 (9,669) (5,564)
Net loss from discontinued operations attributable to noncontrolling interests   24,759 9,391
Net loss attributable to noncontrolling interests 67,365 15,090 3,827
Net income/(loss) from continuing operations attributable to Phoenix New Media Limited (205,701) 417,976 664,196
Net income/(loss) from discontinued operations attributable to Phoenix New Media Limited   (37,607) 63,633
Net income/(loss) attributable to Phoenix New Media Limited (205,701) 380,369 727,829
Net income/(loss) (273,066) 365,279 724,002
Other comprehensive income/(loss) (net of tax of RMB196,617, RMB(98,456) and nil for the years ended December 31, 2019, 2020 and 2021, respectively): fair value remeasurement for available-for-sale debt investments (6,611) (887,248) 1,188,762
Other comprehensive loss (net of tax of RMB142,574, RMB96,606 and nil for the years ended December 31, 2019, 2020 and 2021, respectively): reclassification adjustment for disposal of available-for-sale debt investments   491,197 1,008,795
Other comprehensive income/(loss) (net of nil tax for all years): foreign currency translation adjustment (4,483) (55,577) 37,483
Comprehensive income/(loss) (284,160) (1,068,743) 941,452
Comprehensive loss attributable to noncontrolling interests 67,365 15,090 3,827
Comprehensive income/(loss) attributable to Phoenix New Media Limited (216,795) (1,053,653) 945,279
Net income/(loss) attributable to Phoenix New Media Limited ¥ (205,701) ¥ 380,369 ¥ 727,829
Ordinary Shares      
Basic net income/(loss) per share:      
-Continuing operations ¥ (0.35) ¥ 0.72 ¥ 1.14
-Discontinued operations   (0.07) 0.11
Basic net income/(loss) per share (0.35) 0.65 1.25
Diluted net income/(loss) per share:      
-Continuing operations (0.35) 0.72 1.14
-Discontinued operations   (0.07) 0.11
Diluted net income/(loss) per share ¥ (0.35) ¥ 0.65 ¥ 1.25
Weighted average number of Class A and Class B ordinary shares used in computing net income/(loss) per share:      
Basic 582,324,325 582,324,325 582,275,800
Diluted 582,324,325 582,324,325 582,275,800
ADS      
Basic net income/(loss) per share:      
-Continuing operations ¥ (2.83) ¥ 5.74 ¥ 9.13
-Discontinued operations   (0.51) 0.87
Basic net income/(loss) per share (2.83) 5.23 10.00
Diluted net income/(loss) per share:      
-Continuing operations (2.83) 5.74 9.13
-Discontinued operations   (0.51) 0.87
Diluted net income/(loss) per share ¥ (2.83) ¥ 5.23 ¥ 10.00
Net advertising services      
Revenues:      
Total revenues [1] ¥ 930,025 ¥ 1,113,017 ¥ 1,194,761
Cost of revenues (566,443) (523,813) (623,787)
Gross profit 363,582 589,204 570,974
Paid services      
Revenues:      
Total revenues [1] 100,306 95,828 133,020
Cost of revenues (30,954) (35,473) (59,543)
Gross profit ¥ 69,352 ¥ 60,355 ¥ 73,477
[1] Transactions with related parties included in revenues, cost of revenues and operating expenses are as follows (Note 23):