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2019 First Quarter Report-Focus Media

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2019 First Quarter Report-Focus Media Focus Media Information Technology Co., Ltd. 2019 First Quarter Report April 2019 1 Focus Media Information Technology Co., Ltd. 2019 First Quarter Report Section I Important Notes The Board of Directors, Board of Supervisors, directors, supervisors and senior management of Focus Media Information Technology Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the authenticity, accuracy and completeness of the information presented in this report and that it is free of any false records, misleading statements or material omissions, and will undertake individual and joint legal liabilities. All directors have attended the board meeting approving this quarter report. Jason JIANG Nanchun, the Company’s legal representative, KONG Weiwei, the person in charge of accounting work, and WANG Lilin, the person in charge of the accounting department (accounting officer), hereby declare and warrant that the financial report within this quarter report are authentic, accurate and complete. Note: This document is a translated version of the Chinese version of 2019 First Quarter Report (“2019 年第一季度报告”), and the published announcements in the Chinese version shall prevail. The complete published Chinese 2019 First Quarter Report may be obtained at www.cninfo.com.cn. 2 Focus Media Information Technology Co., Ltd. 2019 First Quarter Report Section II Company Profile I. Key Accounting Information and Financial Indicators Whether the Company need to retrospectively adjust or restate its accounting information in previous years □ Yes √ No 2019 Q1 2018 Q1 YoY Change (%) Operating revenue (RMB) 2,610,958,669.84 2,959,582,128.62 -11.78% Net profits attributable to shareholders of the 340,378,444.93 1,207,460,164.00 -71.81% Company (RMB) Net profits attributable to shareholders of the Company before non-recurring profits and 115,644,582.47 1,067,590,682.80 -89.17% losses (RMB) Net cash flows from operating activities 581,559,068.68 683,465,998.97 -14.91% (RMB) Basic earnings per share (RMB/share) – Note 0.02 0.08 -75.00% 1 Diluted earnings per share (RMB/share) – 0.02 0.08 -75.00% Note 1 Weighted average Return on Equity (ROE) 2.42% 11.00% -8.58% As at March 31, 2019 As at December 31, 2018 Change (%) Total assets (RMB) – Note 2 18,116,463,703.36 19,021,510,376.18 -4.76% Net assets attributable to shareholders of the 14,096,319,577.20 14,201,141,091.65 -0.74% Company (RMB) – Note 2 Note: 1. In calculating the basic earnings per share and diluted earnings per share for the first quarter of 2018, the impact of profit distribution implemented on June 29, 2018 for which the allocation of 2 shares for every 10 shares held by each shareholder from the capital reserve has been considered. In calculating the basic earnings per share and diluted earnings per share for the first quarter of 2019, 99,612,604 treasury shares repurchased by the Company in the fourth quarter of 2018 and the weighted average number of shares of 72,360,828 treasury shares repurchased by the Company in the first quarter of 2019 have been deducted. 2. The Company has implemented the new financial instrument guidelines since January 1, 2019. According to the convergence rules of the new financial instruments accounting standards, the Company does not need to 3 Focus Media Information Technology Co., Ltd. 2019 First Quarter Report retrospectively adjust the comparative statements for 2018 and comparable periods. It only needs to reclassify and measure the financial assets and financial liabilities stipulated in the new financial instruments standard held by the Company in early 2019, and correspondingly adjust the amount of retained earnings or other comprehensive revenue at the beginning of the year and make corresponding disclosures in the notes to the financial report as required. Therefore, the total assets and the net assets attributable to shareholders of the listed company at the beginning of 2019 were reduced by RMB34.014 million from the audited number on December 31, 2018, respectively, which was due to the decline in the fair value of the original available-for-sale financial assets. 4 Focus Media Information Technology Co., Ltd. 2019 First Quarter Report Items and Amounts of Non-recurring Profits and Losses √ Applicable □ Not applicable Unit: RMB Item 2019 Q1 Remarks Profit or loss from disposal of non-current assets (including the write-off for 10,378.48 the impairment provision of accrued assets) Government grants included in current profits and losses (excluding the government grants closely related to the Company’s business operations and 239,637,889.39 government grants based on standard quota or quantitative amounts according to unified national standards) Capital occupancy fee received from non-financial enterprises and included 6,934,306.97 in the current profits and losses Profit or loss from entrustment of others to invest or manage the assets 28,842,906.99 Profit or loss attributed to change in fair value for held-for-trading financial assets, derivative financial assets, held-for-trading financial liabilities, and derivative financial liabilities; and investment revenue in disposal of held-for-trading financial assets, derivative financial assets, held-for-trading 20,021,297.00 financial liabilities, derivative financial liabilities and other debt investments, excluding the effective hedging business related to the normal operation of the Company Other non-operating income and expenditures except the above items -10,770,556.78 Less: Impact of income tax 59,882,001.59 Impact of the minority interests (after tax) 60,358.00 Total 224,733,862.46 -- Explanations shall be given if the Company defines a non-recurring profit/loss item according to the “Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to the Public No. 1–Non-recurring Profits and Losses”, or any non-recurring profit/loss item mentioned in the aforementioned Explanatory Announcement as a recurrent profit/loss item □ Applicable √ Not applicable During the Reporting Period, the Company did not define an item as a non-recurring profit/loss according to the definition in the “Explanatory Announcement on Information Disclosure for Companies Offering Their Securities to the Public No. 1–Non-recurring Profits and Losses”, or any non-recurring profit/loss item mentioned in the aforementioned Explanatory Announcement as a recurrent profit/loss item. 5 Focus Media Information Technology Co., Ltd. 2019 First Quarter Report II. Total Number of Shareholders at the end of the Reporting Period and Information for Top 10 Shareholders 1. Total number of common shareholders and preferred shareholders with resumed voting rights and information about top 10 shareholders Unit: Share Total number of common shareholders at the end of the Reporting Period 248,542 Particulars about top 10 shareholders Pledged or frozen shares Share- Total shares held Number of Nature of holding at Name of shareholder restricted shareholder percentag the end of the shares held Status Amount e Reporting Period Media Management Hong Kong Limited Foreign legal 23.34% 3,425,818,777 0 person Alibaba (China) Technology Co., Ltd. Domestic 5.28% 774,401,600 0 non-state-owne d legal person Hong Kong Securities Clearing Company Foreign legal 5.16% 757,576,476 0 Limited person Domestic Zhuhai Rongwu Equity Investment Partnership non-state-owned 2.41% 353,082,212 0 Pledged 186,350,361 (Limited Partnership) legal person Domestic Shanghai Zhengjing Investment Management non-state-owned 1.88% 276,145,325 0 Pledged 276,145,325 Partnership (Limited Partnership) legal person Foreign legal Gio2 Hong Kong Holdings Limited 1.68% 247,236,384 0 person GUAN Yuchan Domestic 1.50% 219,463,847 0 natural person 6 Focus Media Information Technology Co., Ltd. 2019 First Quarter Report Domestic Zhuhai Jinhui Chuangfu No. 3 Investment non-state-owned 1.42% 209,085,253 0 Corporation(Limited Partnership) legal person Domestic Shanghai Hongying Investment Management non-state-owned 1.09% 159,969,322 0 Center (Limited Partnership) legal person Domestic Shanghai Shanhong Investment Management non-state-owned 1.09% 159,969,322 0 Center (Limited Partnership) legal person Domestic Shanghai Hongqian Investment Management non-state-owned 1.09% 159,969,322 0 Center (Limited Partnership) legal person Domestic Shanghai Honglian Investment Management non-state-owned 1.09% 159,969,322 0 Center (Limited Partnership) legal person Shares held by the top 10 shareholders of shares without trading restriction Number of shares without Type of shares trading restrictions held at Name of shareholder the end of the Reporting Type Number Period RMB common Media Management Hong Kong Limited 3,425,818,777 3,425,818,777 shares RMB common Alibaba (China) Technology Co., Ltd. 774,401,600 shares 774,401,600 RMB common Hong Kong Securities Clearing Company Limited 757,576,476 757,576,476 shares RMB common Zhuhai Rongwu Equity Investment Partnership (Limited Partnership) 353,082,212 shares 353,082,212 Shanghai Zhengjing Investment Management Partnership (Limited RMB common 276,145,325 276,145,325 Partnership) shares RMB common Gio2 Hong Kong Holdings Limited 247,236,384 247,236,384 shares 7 Focus Media Information Technology Co., Ltd. 2019 First Quarter Report RMB common GUAN Yuchan 219,463,847 219,463,847 shares RMB common Zhuhai Jinhui Chuangfu No. 3 Investment Corporation (Limited Partnership) 209,085,253 209,085,253 shares RMB common Shanghai Hongying Investment Management Center (Limited Partnership) 159,969,322 159,969,322 shares RMB common Shanghai Shanhong Investment Management Center (Limited Partnership) 159,969,322 159,969,322 shares RMB common Shanghai Hongqian Investment Management Center (Limited Partnership) 159,969,322 159,969,322 shares RMB common Shanghai Honglian Investment Management Center (Limited Partnership) 159,969,322 159,969,322 shares Explanation on the associated Among the above shareholders, Alibaba (China) Technology Co., Ltd.
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