| Related Party Transactions |
21. Related Party Transactions The table below sets forth the major related parties and their relationships with the Group:
|
|
|
Related Parties |
|
Relationships with the Group |
Other entities within the Phoenix TV Group |
|
Under common control by Phoenix TV |
China Mobile Communication Corporation (“China Mobile”) |
|
A shareholder of Phoenix TV |
Henan Fengyi Feiyang Network Technology Limited (“Fengyi Technology”) |
|
Investee |
Mr. Gao Ximin and Mr. Qiao Haiyan |
|
Legal shareholders of Tianying Jiuzhou and employees of the Group |
Mr. Zou Ming and Ms. Wang Xiaojia |
|
Legal shareholders of Fenghuang Ronghe and employees of the Group |
The Group had the following related party transactions for the years ended December 31, 2023, 2024 and 2025 (in thousands): Transactions with the Other Entities Within the Phoenix TV Group:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
Content provided by Phoenix TV Group |
|
|
(45,000 |
) |
|
|
(46,774 |
) |
|
|
(51,774 |
) |
Advertising and promotion expenses charged by Phoenix TV Group |
|
|
(4,290 |
) |
|
|
(2,155 |
) |
|
|
(3,301 |
) |
Corporate administrative expenses charged by Phoenix TV Group |
|
|
(943 |
) |
|
|
(822 |
) |
|
|
(830 |
) |
Trademark license fees charged by Phoenix TV Group |
|
|
(5,548 |
) |
|
|
(4,233 |
) |
|
|
(3,447 |
) |
Project cost charged by Phoenix TV Group |
|
|
(2,601 |
) |
|
|
(798 |
) |
|
|
(953 |
) |
Revenues earned from Phoenix TV Group |
|
|
4,566 |
|
|
|
35,515 |
|
|
|
38,859 |
|
Transactions with China Mobile:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
Advertising revenues earned from China Mobile |
|
|
4,914 |
|
|
|
4,338 |
|
|
|
4,548 |
|
Paid services revenues earned from and through China Mobile |
|
|
17,916 |
|
|
|
10,090 |
|
|
|
1,207 |
|
Revenue sharing fees and bandwidth costs charged by China Mobile |
|
|
(3,313 |
) |
|
|
(1,918 |
) |
|
|
(5 |
) |
Transactions with Investees:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Years Ended December 31, |
|
|
|
2023 |
|
|
2024 |
|
|
2025 |
|
|
|
RMB |
|
|
RMB |
|
|
RMB |
|
Advertising revenues earned from Fengyi Technology |
|
|
197 |
|
|
|
1,422 |
|
|
|
1,677 |
|
Revenues earned from other investees |
|
|
93 |
|
|
|
— |
|
|
|
— |
|
21. Related Party Transactions (Continued) As of December 31, 2024 and 2025, the amounts of due from and due to related parties were as follows (in thousands):
|
|
|
|
|
|
|
|
|
|
|
As of December 31, |
|
|
|
2024 |
|
|
2025 |
|
|
|
RMB |
|
|
RMB |
|
Amounts due from related parties: |
|
|
|
|
|
|
Due from China Mobile |
|
|
2,057 |
|
|
|
2,881 |
|
Due from Phoenix TV Group |
|
|
71,262 |
|
|
|
69,854 |
|
Due from Fengyi Technology |
|
|
3,085 |
|
|
|
1,657 |
|
Total |
|
|
76,404 |
|
|
|
74,392 |
|
Amounts due to related parties: |
|
|
|
|
|
|
Due to China Mobile |
|
|
8 |
|
|
|
74 |
|
Due to Phoenix TV Group |
|
|
20,316 |
|
|
|
27,070 |
|
Due to Fengyi Technology |
|
|
4,003 |
|
|
|
2,000 |
|
Total |
|
|
24,327 |
|
|
|
29,144 |
|
The amounts due from Phoenix TV Group represent accounts receivable from Phoenix TV Group for the advertising services provided to its customers and advance payments to Phoenix TV Group for the content provided by it, and the amounts due to Phoenix TV Group represent resources or services provided by Phoenix TV Group, expenses paid by Phoenix TV Group on behalf of the Group, and expenses charged by Phoenix TV Group under the cooperation agreements.
|