TencentSecurities, Feb. 12. In early trading today, Storm Group (300431) It rose 9.9% to 3.22 yuan.
According to the news, Fengxing Online plans to operate Storm Video and promised to “share” a monthly revenue share of no less than 200,000 yuan.
On the evening of February 11, Storm Group (300431.SZ) announced that the company signed a cooperation agreement with Beijing Fengxing Online Technology Co., Ltd. (hereinafter referred to as “Fengxing Online”). The two parties will cooperate in the field of Internet audiovisual services. Storm Group will hand over the operation rights of the Storm Video App, Storm Video PC client, and Storm Video advertising system to Fengxing Online's exclusive agency for a period of 15 months.
According to the announcement, the cooperation period starts on February 10, 2020 and ends on May 9, 2021. After the contract period expires, if Storm Group decides to continue to operate products on its behalf, Fengxing Online has the exclusive right to renew the contract.
The revenue from Storm Group's PC client and app, which operates on behalf of Fengxing Online, after deducting the cost, is divided according to the 3:7 ratio between Storm Group and Fengxing Online. Revenue includes but is not limited to paid membership revenue, advertising revenue, content operation revenue, etc.
The two parties signed a letter of authorization for advertising management, agency operation, and brand. Among them, the license for advertising management and agency operation is an exclusive license and does not include the right to transfer authorization. The brand license is an ordinary license.
In terms of capital, Storm Group has flowed out a total of 2,104 million yuan in the past 5 days. As of today, the main capital has generally had a net inflow, with a net inflow of 411,300 yuan.
According to the latest 2019 three-quarter report, the company achieved operating income of 93.605 million yuan, net profit of -650 million yuan, earnings per share of -2.00 yuan, and price-earnings ratio of -0.64.
The company doesn't have an institutional rating yet.