普普文化宣布2021財(cái)年年度財(cái)務(wù)業(yè)績(jī)

截至6月30日財(cái)年

（除每股收益之外，其余的數(shù)額均為百萬(wàn)美元）

2021

2020

收入

25.5

15.7

63%

活動(dòng)主辦

15.0

7.6

96%

活動(dòng)策劃及執(zhí)行

9.2

5.5

67%

品牌推廣

0.8

2.2

-67%

其他服務(wù)

0.6

0.3

87%

毛利潤(rùn)

7.2

4.5

59%

毛利率

28%

29%

-1pp*

營(yíng)業(yè)利潤(rùn)

5.8

3.2

84%

營(yíng)業(yè)利潤(rùn)率

23%

20%

3pp*

凈利潤(rùn)

4.3

2.6

63%

歸屬于公司股東的凈利潤(rùn)

4.3

2.4

75%

每股收益

0.25

0.16

56%

*注：pp代表百分點(diǎn)

POP CULTURE GROUP CO., LTD

CONSOLIDATED BALANCE SHEETS

(In U.S. dollars, except share data)

As of June 30,

2020

2021

ASSETS

CURRENT ASSETS:

Cash

$

1,359,137

$

1,319,977

Accounts receivable, net

14,810,146

25,537,236

Advance to suppliers

3,176,527

1,999,876

Prepaid expenses and other current assets

1,177,947

3,553,028

TOTAL CURRENT ASSETS

20,523,757

32,410,117

Property and equipment, net

71,281

48,393

Intangible asset, net

1,695,215

1,635,321

Operating right-of-use asset

278,260

194,747

Deferred tax assets

83,795

140,757

Other non-current assets

251,464

-

TOTAL ASSETS

$

22,903,772

$

34,429,335

LIABILITIES AND SHAREHOLDERS’ EQUITY

CURRENT LIABILITIES:

Short-term bank loans

$

1,838,833

$

5,140,990

Accounts payable

2,795,508

1,900,883

Deferred revenue

1,764,608

1,648,847

Taxes payable

2,374,093

4,232,391

Due to a related party

-

225,000

Accrued liabilities and other payables

119,573

77,567

Operating lease liability - current

96,357

98,427

TOTAL CURRENT LIABILITIES

8,988,972

13,324,105

Long-term bank loans

-

1,672,370

Operating lease liability - non-current

189,994

104,755

TOTAL LIABILITIES

9,178,966

15,101,230

Commitments and contingencies

SHAREHOLDERS’ EQUITY

Ordinary shares (par value $0.001 per share; 44,000,000 Class A ordinary shares
authorized as of June 30, 2020 and 2021; 11,021,834 and 12,086,923 Class A
ordinary shares issued and outstanding as of June 30, 2020 and 2021, respectively;
6,000,000 Class B ordinary shares authorized, 5,763,077 Class B ordinary shares
issued and outstanding as of June 30 2020 and 2021, respectively) *

16,785

17,850

Subscription receivable

(15,441)

(15,441)

Additional paid-in capital

5,813,745

6,643,118

Statutory reserve

779,094

1,241,573

Retained earnings

6,693,120

10,498,183

Accumulated other comprehensive (loss) income

(367,581)

942,822

TOTAL POP CULTURE GROUP CO., LTD SHAREHOLDERS’ EQUITY

12,919,722

19,328,105

Non-controlling interests

805,084

-

TOTAL SHAREHOLDERS’ EQUITY

13,724,806

19,328,105

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$

22,903,772

$

34,429,335

POP CULTURE GROUP CO., LTD

CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

(In U.S. dollars, except share data)

For the years ended June 30,

2019

2020

2021

REVENUE, NET

$

19,031,766

$

15,688,080

$

25,526,557

Cost of revenue

13,158,537

11,158,847

18,302,494

GROSS PROFIT

5,873,229

4,529,233

7,224,063

Selling and marketing

133,332

110,132

133,387

General and administrative

492,733

1,256,954

1,258,750

Total operating expenses

626,065

1,367,086

1,392,137

INCOME FROM OPERATIONS

5,247,164

3,162,147

5,831,926

Other (expenses) income:

Interest expenses, net

(123,833)

(125,560)

(243,458)

Other (expenses) income, net

(2,591)

46,235

95,946

Total other expenses, net

(126,424)

(79,325)

(147,512)

INCOME BEFORE INCOME TAX PROVISION

5,120,740

3,082,822

5,684,414

PROVISION FOR INCOME TAXES

1,288,982

457,005

1,416,872

NET INCOME

3,831,758

2,625,817

4,267,542

Less: net income attributable to non-controlling interests

247,244

189,996

-

NET INCOME ATTRIBUTABLE TO POP CULTURE GROUP
   CO., LTD SHAREHOLDERS

3,584,514

2,435,821

4,267,542

Other comprehensive (loss) income:

Foreign currency translation adjustment

(162,850)

(241,839)

1,335,757

COMPREHENSIVE INCOME

3,668,908

2,383,978

5,603,299

Less: comprehensive income attributable to non-controlling interest

236,737

174,392

-

COMPREHENSIVE INCOME ATTRIBUTABLE TO POP
   CULTURE GROUP CO., LTD SHAREHOLDERS

$

3,432,171

$

2,209,586

$

5,603,299

Net income per share

Basic and diluted

$

0.27

$

0.16

$

0.25

Weighted average shares used in calculating net income per share *

Basic and diluted

13,425,911

14,881,478

17,228,698

POP CULTURE GROUP CO., LTD

CONSOLIDATED STATEMENTS OF CASH FLOWS

(In U.S. dollars)

For the years ended June 30,

2019

2020

2021

Cash flows from operating activities:

Net Income

$

3,831,758

$

2,625,817

$

4,267,542

Adjustments to reconcile net income to net cash provided by (used in)
    operating activities:

Allowance for doubtful accounts

24,227

324,345

195,187

Depreciation and amortization

159,352

233,353

243,905

Deferred tax benefit

(8,053)

(84,246)

(47,802)

Non-cash lease expense

86,047

89,977

107,139

Loss from disposal of property and equipment

21,596

19,300

-

Changes in assets and liabilities:

Accounts receivable

(6,123,120)

(5,672,992)

(9,259,862)

Advance to suppliers

(630,184)

(2,531,334)

1,440,794

Amounts due from related parties

(158,279)

153,586

-

Prepaid expenses and other current assets

395,198

(44,002)

(1,504,345)

Other non-current assets

-

(252,816)

268,433

Accounts payable

2,166,329

49,588

(1,130,593)

Deferred revenue

(247,929)

1,762,730

(275,888)

Taxes payable

1,376,248

721,743

1,592,715

Accrued liabilities and other payables

14,057

54,234

(52,007)

Due to a related party

-

-

225,000

Operating lease liability

(86,047)

(54,112)

(107,550)

Net cash provided by (used in) operating activities

821,200

(2,604,829)

(4,037,332)

CASH FLOWS FROM INVESTING ACTIVITIES:

Purchase of property and equipment

(11,436)

(1,716)

-

Proceed from disposal of property and equipment

20,957

4,977

-

Purchase of intangible asset

(2,086,819)

-

-

Net cash (used in) provided by investing activities

(2,077,298)

3,261

-

CASH FLOWS FROM FINANCING ACTIVITIES:

Proceeds from short-term bank loans

1,905,209

1,838,833

6,341,729

Repayments of short-term bank loans

(316,930)

(1,981,799)

(3,472,851)

Proceeds from long-term bank loans

-

--

1,811,922

Repayments of long-term bank loans

(89,195)

-

-

Proceeds from issuance of shares

-

3,817,842

-

Payment for deferred offering costs

-

(409,743)

(729,977)

Net cash provided by financing activities

1,499,084

3,265,133

3,950,823

Effect of exchange rate changes

(16,984)

40,083

47,349

Net increase (decrease) in cash

226,002

703,648

(39,160)

Cash at beginning of year

429,487

655,489

1,359,137

Cash at end of year

$

655,489

$

1,359,137

$

1,319,977

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Income tax paid

$

45,805

$

17,408

$

34,765

Interest expense paid

$

122,153

$

126,095

$

235,361