Rich control interactive stock code: the development of global game market transformation results are remarkable

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The rich control interactive (17. 55-0. 34 percent) issued the 2017 annual report: the first half of the year was 413 million yuan, a year-on-year decrease of 36. 70 percent.

Net profit attributable to the mother was 0. 57 billion yuan, up 78. 46 percent year on year.

In the first half of the yr, the subsidiary Jagex realized revenue of 0. 43 billion pounds, up 14. 88% year-on-year.

Net profit was zero. 24 billion pounds, up 80. 33 percent year on year.

One, Jagex game business has grown steadily

Within the first half of Jagex actively expand the actual RuneScape series of e-sports game activity, make its core product "RuneScape" series game membership reached 723300, up 8. 88% from a year earlier, driven by Jagex performance achieve steady growth in the first half of the year.

At the same time, the company actively developing mobile game "RS" series products, as well as the next generation of the RS products, since the company developed the particular RSMobile mobile video game is expected in September 2017, is expected to become the company's future income main products;

The NEXT generation from the "RuneScape" core item, RS NEXT GEN, is expected to launch a PC version in the first quarter of 2019.

Second, actively explore typically the domestic game market

Company with remarkable achievements transformation associated with cultural industry,RS 3 Gold, on the basis of subsidiary Jagex online game business steady growth, the layout of the domestic game market, the company has set up five within domestic research and development studios, formed the collection research as well as development, operations, distribution in one of the professional team.

Center daily news revealed according to the company, the company is building mobile game products for the domestic marketplace, including the card collection boxes "RuneScape: Heros + sand e-sports class, leisure" RuneScape: Chronicle ", MMORPG RuneScape: Dissidia, based on the popular Japanese animation of the same name, issuance and well-known organization DeNA, cooperative development and secondary metaclass "sin crown".

Iii. Planning full control of Jagex

In 2016, the company spun off its traditional company and acquired a 51 per cent stake in hongli network. Its core assets were Jagex, a British gaming company, and also incorporated into the carrier's consolidated statement on December 1, 2016.

At present, the company intends to acquire the remaining equity of the hong investment network in cash, thus achieving the full ownership of the British gaming company Jagex, and the current purchase plan has been considered by the general meeting of shareholders along with entered into the implementation phase.

In the future, Jagex intends to interact with rich control to explore the global game industry.

Iv. Investment advice

The company's net profit for 2017-2019 was 3. 70/4. 10/462 million, respectively, corresponding to EPS regarding 0. 64/0. 71/0. 80.

For comparable companies, 30 times PE valuation will be given in 2017,Runescape 3 Gold, with A 6-month target price of 19. 20 yuan, which will give an "overweight - A" rating.

Risk tips.

The exchange rate gains in addition to losses, the tightening of policies plus regulations, and the progress of the mobile sport business are not as risky as anticipated.


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