Company: FENG
Filing Date: 2025-04-18
Form Type: 20-F
Source: 0000950170-25-055759
Chunk: 133

Company: Phoenix New Media Ltd
Filing Date: 2025-04-18
Form: 20-F
Item: Item 7
Chunk 133
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 Subsidiaries

Costs for content provided to us by Phoenix TV Group were RMB45.0 million, RMB45.0 million and RMB46.8 million (US$6.4 million) in 2022, 2023 and 2024, respectively. We were charged advertising and promotion expenses by Phoenix TV Group of RMB1.2 million, RMB4.3 million and RMB2.2 million (US$0.3 million) in 2022, 2023 and 2024, respectively. We were charged corporate administrative expenses by Phoenix TV Group of RMB1.1 million, RMB0.9 million and RMB0.8 million (US$0.1 million) in 2022, 2023 and 2024, respectively. We were charged project cost by Phoenix TV Group of RMB3.0 million, RMB2.6 million and RMB0.8 million (US$0.1 million) in 2022, 2023 and 2024, respectively. We were charged Trademark license fee by Phoenix TV Group of RMB3.8 million, RMB5.5 million and RMB4.2 million (US$0.6million) in 2022, 2023 and 2024, respectively.

We also earned and recorded revenues from Phoenix TV Group mainly by providing joint advertising campaign solutions together with Phoenix TV Group to Phoenix TV Group’s advertisers or to our advertisers, or from providing the advertising and promotion services directly to Phoenix TV Group by entering into advertising-for-advertising barter transactions, from which we earned revenues of RMB13.9 million, RMB4.6 million and RMB35.5 million (US$4.9 million) in 2022, 2023 and 2024, respectively.

As of December 31, 2022, 2023 and 2024, we had amounts due from Phoenix TV Group with the amounts of RMB40.5 million, RMB53.6 million and RMB71.3 million (US$7.3 million), respectively, and accounts due to Phoenix TV Group with the amounts of RMB62.7 million and RMB20.8 million and RMB20.3 million (US$2.8 million), respectively.

Cooperation Agreement with China Mobile

China Mobile is a shareholder of our parent company, Phoenix TV. As of March 31, 202