IGG 0799

usdhkd:7.85;现金:22亿hkd;2018盈利14.83亿;市值153亿(hkd11.64):(153-20)/14.8=9; Target: $16

2018 业绩公告

歷時十二載,集團已成長為全球排名 前二十的知名手機遊戲廠商1。在集團核心產品《王國紀元》和《城堡爭霸》持續穩健的驅動下,全年業績再上新 台階。集團2018年的收入同比增長23%至7.49億美元,淨利潤同比增長22%至1.89億美元 1 數據來源於App Annie

作為集團的金牌遊戲,《王國紀元》運營逾三年,備受玩家喜愛,全球註冊用戶躍至1.8億月活躍用戶達 1,300萬。根據第三方權威機構App Annie的統計,截至2019年2月,該遊戲連續十九個月蟬聯全球戰爭策 略手遊榜首,並多次上榜iOS及Google Play全球遊戲收入排行榜前十 … 集團的另一款經典遊戲《城堡爭霸》,運 營歷時近六年,仍擁有龐大、穩固的用戶群,持續為集團貢獻穩定收益, 本年月均流水穩定貢獻逾1,000萬美元。 。 [城堡感觉就这样,也许还不行了,不会有发展。]

集團歷時兩年精心打造的重磅策略遊戲《戰地王座:氏族爭霸》(「Mobile Royale」)已在 2019年初正式上線與玩家見面,上線短短兩個月已獲得逾400萬註冊用戶的關注與喜愛。

主席兼執行董事 蔡宗建

二零一八年,本集團總收入的46%、27%及23%分別來自亞洲、北美洲及歐洲的玩家

現金及現金等價物2.875億美元(2017: 2.219億美元)

宣派第二次中期股息每股普通股16.7港仙(相等於每股普通股2.1美分)。連同於二零一八年九月派付的第一次中期股息每股普通股17.7港仙(相等於每股普通股2.3美分),每股普通股截至二零一八年 十二月三十一日止年度的股息總額為每股普通股34.4港仙(相等於每股普通股4.4美分)(截至二零一七年十二 月三十一日止年度:每股普通股共49.0港仙,相等於每股普通股6.3美分)。

2018年度購回57,512,000股股份,金額為7,570萬美元。經計及2018度宣派股息5,680 萬美元,股份回購及宣派股息總額約為1.325億美元,佔該年度溢利70%。(2017股份回購及宣派股息總額為1.222億美元,佔2017年度溢利79%。)

2018本集團有1,421名僱員(2017:1,056名)。 2018員工相關成本總額達6,530萬美元(2017:5,060萬美元)。 [up29%]

[内部持股~33%]

於2018普通股加權平均數(攤薄) 1,317,177 (2017:1,365,755 )

2018 interim report

The Group’s revenue for the Period was US$388 million, representing an increase of 42% over the revenue of US$274 million for the corresponding period in 2017. The increase was primarily due to the significant revenue growth of the hit title “Lords Mobile”.

The Group’s profit attributable to equity shareholders of the Company for the Period was US$98.6 million, representing an increase of 29%

During the Period, average monthly gross billing of Lords Mobile reached a new record high of US$56 million, and revenue for the Period increased by 64% compared to the corresponding period last year. Lords Mobile also moved up to 9th position in June from 14th in January on App Annie’s iOS and Google Play combined monthly revenue charts. In addition, Lords Mobile retained its lead as the top-grossing mobile war strategy game, a position it held since August 2017. As of 30 June 2018, according to App Annie’s daily grossing ranking, Lords Mobile ranked top five in 55 and top 10 in 88 countries and regions on Google Play, and top five in 27 and top 10 in 45 countries and regions on Apple’s App Store. The game has over 130 million registered users and more than 14 million MAU by the end of this Period.

Castle Clash steadily contributed over US$10 million in monthly gross billing during the Period…. According to App Annie, Castle Clash ranked among the top 20 in 34 countries and regions on Google Play and in 12 countries and regions on iOS as at 30 June 2018.

As at 30 June 2018, the Group had net current assets of US$241 million (31 December 2017: US$205 million), and the gearing ratio of the Group, calculated as total liabilities divided by total assets, was 29.6% (31 December 2017: 28.5%).
As at 30 June 2018, the Group had cash and cash equivalents of US$282 million (31 December 2017: US$222 million).
The Group did not have any bank borrowings or other financing facilities as at 30 June 2018 (31 December 2017: nil).

Mr. Zongjian Cai (Notes 1, 3); 266,501,891; 20.27%; Mr. Yuan Chi 153,920,000; 11.71% | diluted share: 1,332m

http://investor.igg.com

pro:增长中,相对利润便宜,一半收入在中国外,创始人有成功记录,股权相对分散,资产表多是现金,产出高,投入少,实现现金

Con:主要在王国纪元,年轻不稳定。已经涨了很多。

Value:hk$19; holding au$43k; if <hk$10, +au$1w

全年宣派的股息及回購金額合計約佔年度淨利79%。

 

The Group has its headquarters in Singapore with regional offices in the United States, Hong Kong, mainland China, Canada, Japan, South Korea, Thailand, Belarus, the Philippines and the United Arab Emirates, and customers from over 200 countries and regions around the world.

As at 31 December 2017, the user community of the Group consisted of approximately 480 million registered players around the world, with a total MAU (monthly active user) of over 19 million. During the period, 49%, 26% and 21% of the Group’s total revenue was generated from users with IP addresses in Asia, North America and Europe respectively, and the revenue from mobile games accounted for over 99% of total revenue.

In March 2016, the Group released a real-time war strategy game, Lords Mobile. It combines distinctive game design, compelling real-time gameplay, beautiful graphics and frequent updates, all of which contributed to the game’s worldwide appeal. As at 28 February 2018, the game has nearly 100 million registered users and in excess of 10 million Monthly Active Users (MAU).  Lords Mobile attracted high ARPU players, propelling its revenue to unprecedented heights. Monthly gross billing of Lords Mobile soared from over US$30 million in January 2017 to more than US$50 million in December 2017. Accroding to App Annie, Lords Mobile became the top-grossing war strategy game worldwide in the third quarter, a position it still maintains. It was ranked 16th globally in terms of revenue for iOS and Google Play by App Annie, up from 16th? in January 2017.The game ranked among the top 5 in 57 countries and top 10 in 86 countries on 28 February 2018 on Google Play.

Castle Clash is a fast-paced tower defense game launched in 2013, Most commendably, Castle Clash contributes over US$11 million in monthly gross billing, and MAU remains above 8 million after four and half years of operation. The Group has successfully extended the lifespan of the game by regularly introducing new game features, consistently providing industry-leading customer service, and building a large community of loyal gamers around the world. According to App Annie, Castle Clash ranked among the top 20 in 37 countries on Google Play on 28 February 2018.

EPS: $0.114

Available-for-sale investments 11,770

Funds receivable  60,512

Cash and cash equivalents 221,892 (hk$1.3 per share)

NET ASSETS 227,818

share: 1,365,755 (1,390,429 in 2016)

The Group currently is operating its online games business in Mainland China through Fuzhou
Skyunion Digital Co., Ltd. (“Fuzhou Tianmeng”), a structured entity. Certain structured
contracts (“Structured Contracts”) were effective among Fuzhou Tianmeng, Fuzhou TJ Digital
Entertainment Co., Ltd. (“Fuzhou Tianji”), Mr. Zongjian Cai and Mr. Yuan Chi (the “Registered
Shareholders”) who are the legal shareholders of Fuzhou Tianmeng and also the core founders
of the Company. The Structured Contracts for Fuzhou Tianmeng became effective in November
2007.