标题：Alpha Animation and Culture "IP + technology" strategy unfolds in full swing
发布日期：2016-04-05 15:11:52
内容： Earnings missed due to a shift in the product release schedule.The Company reported operating revenue of Rmb2,589mn (+6.56%YoY) and net profit of Rmb489mn (+14.26% YoY) for 2015, missing ourearlier projections as a result of a slowdown in its product releaseschedule for films, games and toys. Net profit attributable to theshareholders of the listed company for the first three months in 2016may range from Rmb67.88mn (-15% YoY) to Rmb91.84mn (+15%YoY), said the Company. It plans to pay a cash dividend of Rmb0.4 forevery 10 shares held to all shareholders. We expect the Company to make continuous breakthroughs in2016 driven by enhanced production of film and TV animationcontent. The Company stepped up efforts in 2015 to focus on theproduction of core film animation content. It launched 16 animatedseries/sequels (including the popular Pleasant Goat and Big Bad Wolf,Armor Hero, and Blazing Teens) targeting different age groups, and ranover 20 film projects in 2015, generating film/TV/animation revenue ofRmb422mn (+45.19%YoY). New film titles such as the Mermaid and theRevenant, and animated series like the One Hundred Thousand BadJokes (Season 2) and the Backkom 008 in 2016 will likely expand theCompany’s influence in the film and animation market. The Company is an undisputed leader in the ACGN (animation,comics, games and novels) sector, backed by a completeanimation ecosystem. With China’s young generation growing up andbecoming the major consumer, the scale of the ACGN market has nowexpanded to Rmb200-250bn. As an industry leader capable ofconsolidating various resources, the Company has established acomplete ecosystem from content production, game development, toymanufacturing, ads placement to theme parks. In 2015, the Company’s9 game development platforms launched a series of RPGs (role-playinggames) including the MXM and the Motianji and posted operatingrevenue of Rmb290mn. In addition, the Company further cemented itsposition by acquiring several top-tier IP (intellectual property) producersincluding u17.com (China’s largest original comics website) andLinglong Culture (a fantasy literature company), and an equityinvestment in Korea’s top animation producer FunnyFlux during thereporting period.
发布日期：2016-04-05 15:11:52
内容： Earnings missed due to a shift in the product release schedule.The Company reported operating revenue of Rmb2,589mn (+6.56%YoY) and net profit of Rmb489mn (+14.26% YoY) for 2015, missing ourearlier projections as a result of a slowdown in its product releaseschedule for films, games and toys. Net profit attributable to theshareholders of the listed company for the first three months in 2016may range from Rmb67.88mn (-15% YoY) to Rmb91.84mn (+15%YoY), said the Company. It plans to pay a cash dividend of Rmb0.4 forevery 10 shares held to all shareholders. We expect the Company to make continuous breakthroughs in2016 driven by enhanced production of film and TV animationcontent. The Company stepped up efforts in 2015 to focus on theproduction of core film animation content. It launched 16 animatedseries/sequels (including the popular Pleasant Goat and Big Bad Wolf,Armor Hero, and Blazing Teens) targeting different age groups, and ranover 20 film projects in 2015, generating film/TV/animation revenue ofRmb422mn (+45.19%YoY). New film titles such as the Mermaid and theRevenant, and animated series like the One Hundred Thousand BadJokes (Season 2) and the Backkom 008 in 2016 will likely expand theCompany’s influence in the film and animation market. The Company is an undisputed leader in the ACGN (animation,comics, games and novels) sector, backed by a completeanimation ecosystem. With China’s young generation growing up andbecoming the major consumer, the scale of the ACGN market has nowexpanded to Rmb200-250bn. As an industry leader capable ofconsolidating various resources, the Company has established acomplete ecosystem from content production, game development, toymanufacturing, ads placement to theme parks. In 2015, the Company’s9 game development platforms launched a series of RPGs (role-playinggames) including the MXM and the Motianji and posted operatingrevenue of Rmb290mn. In addition, the Company further cemented itsposition by acquiring several top-tier IP (intellectual property) producersincluding u17.com (China’s largest original comics website) andLinglong Culture (a fantasy literature company), and an equityinvestment in Korea’s top animation producer FunnyFlux during thereporting period.
