Related Party Transactions (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Related Party Transaction |
|
| Major related parties and their relationships with the Group |
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 |
|
| Amounts of due from and due to related parties |
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 |
|
|
| Non US listed part of the Phoenix TV Group |
|
| Related Party Transaction |
|
| Schedule of related party transactions |
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 |
|
|
| China Mobile |
|
| Related Party Transaction |
|
| Schedule of related party transactions |
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 |
) |
|
| Investees |
|
| Related Party Transaction |
|
| Schedule of related party transactions |
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 |
|
|
|
— |
|
|
|
— |
|
|