Event: the company released a semi-annual report in recent days, with an income of 852 million in the reporting period, an increase of 36.23% over the same period last year, a net profit loss of 16 million yuan, and basic earnings per share of-0.0097 yuan.
Litigation before restructuring produces more one-time non-operating expenses, while DotC still has a large investment income and loss. The loss reported in half a year is mainly due to the one-time non-operating expenses of 3700 million arising from the litigation before the reorganization, and the continued loss of DotC of the participating company led to a loss of nearly 15 million on this part of the financial investment. In the future, the company will continue to deal with the related loss assets, completely eliminate the negative factors before restructuring, further optimize the asset structure and business layout, and achieve new business profits as soon as possible.
E-sports and the rapid development of traffic business, will form a follow-up core growth point. The company sold the loss-making business of overseas heavy game distribution, focused on leisure competitive track, and created leisure e-sports platform PK.NOWFOR, breaking the rule that e-sports players are mostly men, and promoting leisure games to enter the "national competition" era; relying on "Sunvy Poker" international poker tournament gradually developed into a global event, covering more than 100 million people, HUYA Inc., YouTube, Twitter simultaneous live broadcast accumulated more than 10 million viewers. In terms of traffic business, flow Park has signed a contract with 215 enterprises to increase by 40% compared with the beginning of the year; Elsie assistants and overseas version registered users of more than 300 million, and still achieved 5% user growth in the eight years since its launch; relying on the continuous accumulation of data and customers, the company's Japanese quasi-medical brand FAITH and its own skin care brand "Kouchu" have achieved good sales and influence.
Plus digital man, layout meta-universe core track. Beijing recently released China's first special support policy for the digital human industry-- the Beijing Action Plan for promoting the Innovation and Development of the Digital Human Industry (2022 in 2025). By 2025, only the scale of the digital human industry in Beijing has exceeded 50 billion.
On the one hand, the company builds its own optical dynamic capture base, integrates and develops industry-leading technologies to achieve "batch, short-cycle and low-cost" production of super-realistic digital people; on the other hand, aiming at the operation of virtual human IP, it has created China's first national-style digital man "Tianfu" with more than 3 million followers and more than 160 million video views three months online, opening up a revenue-generating path for virtual human business.
Maintain the "overweight" rating. Not considering the growth of new business for the time being, give the company a profit forecast of RMB 0.04 for 2022-24, and maintain the "overweight" rating risk hint: the risk that the development of new business is less than expected; the risk of impairment such as goodwill long-term investment