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家乡互动科技有限公司(03798.HK)

Hometown Interactive Technology Co., Ltd. (03798.HK)

長雄證券 ·  Jun 19, 2019 00:00  · Researches

Summary of duties

Home interactive technology is China's mobile chess and card game developer and dealer, which includes three types of games, namely, mahjong, mahjong and leisure games. In June 2019, the market has developed and purchased 508 mahjong products, including 469 local mahjong versions, 34 grams of mahjong versions and 5 leisure paraphernalia. Most of the products of the collection are currently available on several joint platforms, while those with the function of private rooms are available for players to play in the form of single or small packages. All mobile phone applications are free from downloading, and most of the revenue comes from the sale of mobile phones and private room cards consumed in the collection's self-developed mobile phone products. In addition to independent development, the collection company also distributes third-party mobile phone subscriptions and shares the revenue generated by the relevant mobile phones of the collection platform with other developers in a fixed proportion.

Thank you very much.

Is the leading developer and dealer of localized mobile chess and card games in China.

Unified platform strategy and integrated back-end system to improve player performance and profitability

Strong offline promotion ability

Negative factor

Subject to the ability to obtain relevant licences, possible certificates or approvals

Most of the revenue comes from large categories.

If there is no way to strengthen the existing combination of players and launch new high-quality products to enhance the player system, it will have a negative impact on the collection's ability to retain and attract players.

The purpose of the income

About 24.5% is used as a combination of further recharge and development.

About 29.1% is used to import, export and enhance the features or functions of the equipment and to improve the technical infrastructure.

About 18.0% is used to enhance marketing capability and brand image.

About 10.6% is used to achieve external growth through strategic cooperation and revenue opportunities.

About 7.8% is used for international trade.

About 10.0% is used for general financial assistance.

The translation is provided by third-party software.


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