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Airnet Technology Inc. – ‘20-F’ for 12/31/17 – ‘R74’

On:  Wednesday, 10/17/18, at 4:03pm ET   ·   For:  12/31/17   ·   Accession #:  1144204-18-54212   ·   File #:  1-33765

Previous ‘20-F’:  ‘20-F’ on 6/28/17 for 12/31/16   ·   Next:  ‘20-F’ on 4/30/19 for 12/31/18   ·   Latest:  ‘20-F’ on 4/26/24 for 12/31/23   ·   5 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/17/18  Airnet Technology Inc.            20-F       12/31/17  127:13M                                    Toppan Merrill/FA

Annual Report by a Foreign Non-Canadian Issuer   —   Form 20-F   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   1.37M 
 2: EX-4.53     Instrument Defining the Rights of Security Holders  HTML     44K 
 3: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     38K 
 6: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     35K 
 7: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     35K 
 4: EX-12.1     Statement re: Computation of Ratios                 HTML     39K 
 5: EX-12.2     Statement re: Computation of Ratios                 HTML     39K 
 8: EX-15.1     Letter re: Unaudited Interim Financial Info         HTML     35K 
 9: EX-15.2     Letter re: Unaudited Interim Financial Info         HTML     36K 
10: EX-15.3     Letter re: Unaudited Interim Financial Info         HTML     35K 
11: EX-15.4     Letter re: Unaudited Interim Financial Info         HTML     35K 
12: EX-16.1     Letter re: Change in Certifying Accountant          HTML     35K 
19: R1          Document And Entity Information                     HTML     59K 
20: R2          Consolidated Balance Sheets                         HTML    130K 
21: R3          Consolidated Balance Sheets (Parenthetical)         HTML     44K 
22: R4          Consolidated Statements of Operations               HTML    149K 
23: R5          Consolidated Statements of Operations               HTML     36K 
                (Parenthetical)                                                  
24: R6          Consolidated Statements of Comprehensive Income     HTML     52K 
                (Loss)                                                           
25: R7          Consolidated Statements of Comprehensive Income     HTML     37K 
                (Loss) (Parenthetical)                                           
26: R8          Consolidated Statements of Changes in Equity        HTML     86K 
27: R9          Consolidated Statements of Cash Flows               HTML    200K 
28: R10         Consolidated Statements of Cash Flows (Additional   HTML     44K 
                information)                                                     
29: R11         Organization and Principal Activities               HTML    190K 
30: R12         Summary of Significant Accounting Policies          HTML    138K 
31: R13         Discountinued Operation                             HTML     61K 
32: R14         Segment Information and Revenue Analysis            HTML     55K 
33: R15         Accounts Receivable, Net                            HTML     72K 
34: R16         Other Current Assets, Net                           HTML     54K 
35: R17         Acquired Intangible Assets, Net                     HTML     90K 
36: R18         Property and Equipment, Net                         HTML     65K 
37: R19         Prepaid Equipment Cost                              HTML     38K 
38: R20         Long-Term Investments                               HTML    141K 
39: R21         Other Non-Current Assets                            HTML     50K 
40: R22         Long-Term Deposits                                  HTML     48K 
41: R23         Accrued Expenses and Other Current Liabilities      HTML     61K 
42: R24         Income Taxes                                        HTML    137K 
43: R25         Net Income (Loss) Per Share                         HTML     98K 
44: R26         Share Based Payments                                HTML    117K 
45: R27         Fair Value Measurement                              HTML     43K 
46: R28         Share Repurchase Plan                               HTML     39K 
47: R29         Mainland China Contribution Plan                    HTML     38K 
48: R30         Statutory Reserves                                  HTML     39K 
49: R31         Restricted Net Assets                               HTML     40K 
50: R32         Commitments                                         HTML     60K 
51: R33         Contingent Liabilities                              HTML     57K 
52: R34         Related Party Transactions                          HTML    100K 
53: R35         Subsequent Events                                   HTML     46K 
54: R36         Additional Information-Financial Statement          HTML    320K 
                Schedule I Financial Information of Parent Company               
55: R37         Summary of Significant Accounting Policies          HTML    232K 
                (Policies)                                                       
56: R38         Organization and Principal Activities (Tables)      HTML    198K 
57: R39         Summary of Significant Accounting Policies          HTML     46K 
                (Tables)                                                         
58: R40         Discountinued Operation (Tables)                    HTML     59K 
59: R41         Segment Information and Revenue Analysis (Tables)   HTML     52K 
60: R42         Accounts Receivable, Net (Tables)                   HTML     71K 
61: R43         Other Current Assets, Net (Tables)                  HTML     54K 
62: R44         Acquired Intangible Assets, Net (Tables)            HTML     88K 
63: R45         Property and Equipment, Net (Tables)                HTML     63K 
64: R46         Long-Term Investments (Tables)                      HTML    140K 
65: R47         Other Non-Current Assets (Tables)                   HTML     49K 
66: R48         Long-Term Deposits (Tables)                         HTML     46K 
67: R49         Accrued Expenses and Other Current Liabilities      HTML     60K 
                (Tables)                                                         
68: R50         Income Taxes (Tables)                               HTML    126K 
69: R51         Net Income (Loss) Per Share (Tables)                HTML     98K 
70: R52         Share Based Payments (Tables)                       HTML     76K 
71: R53         Commitments (Tables)                                HTML     56K 
72: R54         Related Party Transactions (Tables)                 HTML     97K 
73: R55         Additional Information-Financial Statement          HTML    312K 
                Schedule I Financial Information of Parent Company               
                (Tables)                                                         
74: R56         Organization and Principal Activities (Narrative)   HTML    110K 
                (Details)                                                        
75: R57         Organization and Principal Activities (Schedule of  HTML    118K 
                Companies Subsidiaries and VIE's) (Details)                      
76: R58         Organization and Principal Activities (Schedule of  HTML     56K 
                VIE's Consolidated Balance Sheets) (Details)                     
77: R59         Organization and Principal Activities (Schedule of  HTML     43K 
                VIE's Consolidated Statement of Operations)                      
                (Details)                                                        
78: R60         Summary of Significant Accounting Policies          HTML     85K 
                (Narrative) (Details)                                            
79: R61         Summary of Significant Accounting Policies          HTML     56K 
                (Schedule of Estimated Useful Lives of Property                  
                and Equipment) (Details)                                         
80: R62         Summary of Significant Accounting Policies          HTML     51K 
                (Schedule of Estimated Economic Lives of                         
                Intangible Assets) (Details)                                     
81: R63         Discountinued Operation (Narrative) (Details)       HTML    118K 
82: R64         Discountinued Operation (Schedule of result of      HTML     71K 
                operations of the Target Businesses) (Details)                   
83: R65         Discountinued Operation (Schedule of related party  HTML     45K 
                transactions) (Details)                                          
84: R66         Segment Information and Revenue Analysis (Details)  HTML     43K 
85: R67         Accounts Receivable, Net (Schedule of Accounts      HTML     42K 
                Receivable, Net) (Details)                                       
86: R68         Accounts Receivable, Net (Schedule of Allowance     HTML     42K 
                for Doubtful Accounts) (Details)                                 
87: R69         Other Current Assets, Net (Details)                 HTML     70K 
88: R70         Other Current Assets, Net (Details)                 HTML     82K 
                (Parenthetical)                                                  
89: R71         Acquired Intangible Assets, Net (Details)           HTML     66K 
90: R72         Property and Equipment, Net (Details)               HTML     78K 
91: R73         Prepaid Equipment Cost (Narrative) (Details)        HTML     46K 
92: R74         Long-Term Investments (Schedule of Equity Method    HTML     67K 
                Investments) (Details)                                           
93: R75         Long-Term Investments (Schedule of Equity Method    HTML     81K 
                Investments) (Details) (Parenthetical)                           
94: R76         Long-Term Investments (Schedule of Cost method      HTML     48K 
                investment) (Details)                                            
95: R77         Long-Term Investments (Schedule of Cost method      HTML     51K 
                investment) (Details) (Parenthetical)                            
96: R78         Other Non-Current Assets (Details)                  HTML     41K 
97: R79         Long-Term Deposits (Details)                        HTML     39K 
98: R80         Accrued Expenses and Other Current Liabilities      HTML     54K 
                (Details)                                                        
99: R81         Income Taxes (Narrative) (Details)                  HTML     59K 
100: R82         Income Taxes (Schedule of Income Tax                HTML     43K  
                (Expenses)/Benefits) (Details)                                   
101: R83         Income Taxes (Schedule of Deferred Income Tax       HTML     54K  
                Assets and Liabilities) (Details)                                
102: R84         Income Taxes (Schedule of Reconciliation of         HTML     67K  
                Effective Income Tax Rate) (Details)                             
103: R85         Net Income (Loss) Per Share (Details)               HTML     88K  
104: R86         Net Income (Loss) Per Share (Details)               HTML     35K  
                (Parenthetical)                                                  
105: R87         Share Based Payments (Narrative) (Details)          HTML    186K  
106: R88         Share Based Payments (Schedule of Stock Option      HTML     96K  
                Activities) (Details)                                            
107: R89         Fair Value Measurement (Details)                    HTML     35K  
108: R90         Share Repurchase Plan (Details)                     HTML     52K  
109: R91         Mainland China Contribution Plan (Narrative)        HTML     36K  
                (Details)                                                        
110: R92         Statutory Reserves (Narrative) (Details)            HTML     40K  
111: R93         Restricted Net Assets (Narrative) (Details)         HTML     38K  
112: R94         Commitments (Narrative) (Details)                   HTML     38K  
113: R95         Commitments (Schedule of Future Minimum Rental      HTML     47K  
                Lease Payments) (Details)                                        
114: R96         Commitments (Schedule of Future Minimum Concession  HTML     50K  
                Fee Payments) (Details)                                          
115: R97         Contingent Liabilities (Narrative) (Details)        HTML     76K  
116: R98         Related Party Transactions (Schedule of Amount Due  HTML     55K  
                from Related Parties) (Details)                                  
117: R99         Related Party Transactions (Schedule of Revenues    HTML     45K  
                and Purchases) (Details)                                         
118: R100        Subsequent Events (Narrative) (Details)             HTML     84K  
119: R101        Additional Information-Financial Statement          HTML     92K  
                (Schedule of Parent Company Balance Sheets)                      
                (Details)                                                        
120: R102        Additional Information-Financial Statement          HTML     44K  
                (Schedule of Parent Company Balance Sheets)                      
                (Details) (Parenthetical)                                        
121: R103        Additional Information-Financial Statement          HTML     52K  
                (Schedule of Parent Company Statements of                        
                Operations) (Details)                                            
122: R104        Additional Information-Financial Statement          HTML     48K  
                (Schedule of Parent Company Statements of                        
                Comprehensive (Loss)/Income) (Details)                           
123: R105        Additional Information-Financial Statement          HTML    139K  
                (Schedule of Parent Company Statements of Changes                
                in Equity) (Details)                                             
124: R106        Additional Information-Financial Statement          HTML     78K  
                (Schedule of Parent Company Statements of Cash                   
                Flows) (Details)                                                 
126: XML         IDEA XML File -- Filing Summary                      XML    236K  
125: EXCEL       IDEA Workbook of Financial Reports                  XLSX    158K  
13: EX-101.INS  XBRL Instance -- amcn-20171231                       XML   4.39M 
15: EX-101.CAL  XBRL Calculations -- amcn-20171231_cal               XML    223K 
16: EX-101.DEF  XBRL Definitions -- amcn-20171231_def                XML   1.39M 
17: EX-101.LAB  XBRL Labels -- amcn-20171231_lab                     XML   1.58M 
18: EX-101.PRE  XBRL Presentations -- amcn-20171231_pre              XML   1.62M 
14: EX-101.SCH  XBRL Schema -- amcn-20171231                         XSD    320K 
127: ZIP         XBRL Zipped Folder -- 0001144204-18-054212-xbrl      Zip    318K  


‘R74’   —   Long-Term Investments (Schedule of Equity Method Investments) (Details)


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.10.0.1
LONG-TERM INVESTMENTS (Schedule of Equity Method Investments) (Details) - USD ($)
$ in Thousands
12 Months Ended
Schedule of Equity Method Investments [Line Items]    
Equity Method Investment, Other than Temporary Impairment [1] $ (1,993) $ 0
Amount $ 19,625 $ 6,176
Beijing Eastern Media Corporation Ltd. ("BEMC") [Member]    
Schedule of Equity Method Investments [Line Items]    
Ownership percentage [2] 49.00% 49.00%
Amount [2] $ 1,618 $ 1,461
Lanmeihangbiao Tiandi Internet Investment Management (Beijing) Co., Ltd. ("LMHB") [Member]    
Schedule of Equity Method Investments [Line Items]    
Ownership percentage [3] 40.00% 40.00%
Amount [3] $ 223 $ 256
Beijing Hezhong Chuangjin Investment Co., Ltd. ("Hezhong Chuangjin") [Member]    
Schedule of Equity Method Investments [Line Items]    
Ownership percentage [1] 15.00% 15.00%
Equity Method Investment, Other than Temporary Impairment $ (1,919) $ (1,919)
Amount [1] $ 1,993 $ 1,944
Beijing Yuyue Film Culture Co., Ltd (“Yuyue Film”) [Member]    
Schedule of Equity Method Investments [Line Items]    
Ownership percentage [4] 25.00% 25.00%
Amount [4] $ 362 $ 432
Beijing Yunxing Chuangrong Investment Fund Management Co., Ltd (“Yunxing”) [Member]    
Schedule of Equity Method Investments [Line Items]    
Ownership percentage [5] 0.00% 50.00%
Amount [5] $ 0 $ 2,083
Unicom AirMedia Beijing Network Co., Ltd. [Member]    
Schedule of Equity Method Investments [Line Items]    
Ownership percentage [6] 39.00% 0.00%
Amount [6] $ 17,422 $ 0
[1] In May 2015, AM Advertising, Beijing Financial Technology Investment Management Center (limited partnership), Beijing Hongdeshengzheng Investment Co., Ltd., and Beijing Hongyuan Zhixin Enterprise Management Consulting Co. Ltd. established Hezhong Chuangjin, which mainly focuses on internet financing. In July 2015, AM Advertising transferred its investment in Hezhong Chuangjin to AM Online, a subsidiary of the Group at carrying value. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of Hezhong Chuangjin. $59 and $78 loss on investment were picked up for the year ended December 31, 2016 and 2017, respectively. The operation has been ceased from December 2017, the investment has been provided fully impairment of $1,919 for the year ended December 31, 2016 and 2017, respectively.
[2] In March 2008, the Group entered into a definitive agreement with China Eastern Media Corporation, Ltd., a subsidiary of China Eastern Group and China Eastern Airlines Corporation Limited operating the media resources of China Eastern Group, to establish a joint venture, BEMC. BEMC was incorporated on March 18, 2008 in the PRC with China Eastern Media Corporation and the Group holding 51% and 49% equity interest, respectively. BEMC obtained concession rights of certain media resources from China Eastern Group, including the digital TV screens on airplanes of China Eastern Airlines, and paid concession fees to its shareholders as consideration. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of BEMC. $198 and $57 gain on investment were picked up for the year ended December 31, 2016 and 2017, respectively.
[3] In September 2015, AM Online entered into an agreement with BlueFocus wireless Internet (Beijing) Investment Management Co., Ltd. and two individual investors to establish a joint venture, LMHB. LMHB was incorporated on September 25, 2015. LMHB is mainly engaged in investment management of Wi-Fi platform marketing and other mobile internet industries. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of LMHB. $175 and $48 loss on investment were picked up for the year ended December 31, 2016 and 2017, respectively.
[4] In June 2016, AM Film entered into an agreement with two individual investors to establish a joint venture, Yuyue Film. Yuyue Film is mainly engaged in investment management of film investment and marketing. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of Yuyue Film. Nil and $95 loss on investment were pick up for the year ended December 31, 2016 and 2017, respectively.
[5] In February 2016, AM Online entered into an agreement with Haihang Wenhua Holding Group to invest in Yunxing. Yunxing was incorporated on December 17, 2013. Yunxing is mainly engaged in information technology investments in the Hainan Airline. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of Yunxing. In November 2016, AM Online transferred all the equity interest of Yunxing to Haihang Wenhua Holding Group with the consideration of $2,305, the equity interest registration was completed in March 2017. Proceed of $1,480 has been collected, nil and gain of $58 on investment were picked up for the year ended December 31, 2016 and 2017, respectively.
[6] On February 22, 2017, AM Online established Unicom AirMedia, jointly with Unicom Broadband Online Co., Ltd., a wholly owned subsidiary of China Unicom, and Chengdu Haite Kairong Aeronautical Technology Co., Ltd., a wholly owned subsidiary of a listed company providing aeronautical technical services. Pursuant to a capital contribution agreement entered into by the relevant parties, AM Online invested approximately RMB117,900 in Unicom AirMedia. After this transaction, AM Online currently holds 39% of equity interests in Unicom AirMedia. The investment was accounted for using the equity method of accounting as the Group has the ability to exercise significant influence to the operation of Unicom AirMedia. $661 loss on investment was picked up for the years ended December 31, 2017.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘20-F’ Filing    Date    Other Filings
Filed on:10/17/18
For Period end:12/31/17NT 20-F
2/22/17
12/31/1620-F,  NT 20-F
9/25/15
12/17/13
3/18/08
 List all Filings 


5 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/26/24  Airnet Technology Inc.            20-F       12/31/23  118:15M                                    Toppan Merrill/FA
 4/28/23  Airnet Technology Inc.            20-F       12/31/22  114:15M                                    Toppan Merrill/FA2
 5/13/22  Airnet Technology Inc.            20-F       12/31/21  113:16M                                    Toppan Merrill/FA2
 5/06/21  Airnet Technology Inc.            20-F       12/31/20  112:14M                                    Toppan Merrill/FA
 9/14/20  Airnet Technology Inc.            20-F       12/31/19  120:14M                                    Toppan Merrill/FA
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Filing Submission 0001144204-18-054212   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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