Hand tour merger and acquisition of the mixed

Abstract: Most of the halfway involved in the business of the company, or in the research and development stage, the performance has not yet been able to show that the carriage of the listed companies more and more, the market is increasingly crazy. August 23, Shenzhou Thai Yue announced 1.215 billion acquisition of Tianjin Shell Wood

Most of the companies halfway into the business of hand travel, or in the research and development phase, performance has not yet been reflected

There are more and more listed companies in this wagon, and the market is getting crazy.

August 23, Shenzhou Thai Yue announced 1.215 billion acquisition of Tianjin Shell and Wood software. August 28, days boat culture announcement 1.254 billion acquisition magical era. At this point, a share of the concept of the company to increase to 17.

According to statistics, as of August 30, the 17 companies since this year's share price rose average of 194%. This also allows the early foray into the hands of the business of the Sino-Green Treasure on board the throne, its share price rose as high as 534% this year, among all A shares in the top. North latitude Communications, palm-fun technology gains are divided into the fifth and six, respectively, 295%, 286%.

However, the stock price of the crazy rise, while the performance of the geometry? "Hand travel industry is an outbreak of the industry, the game is the subject of scarce." The whole industry will be on the verge of growth. "A hand-travel industry analyst said.

From the latest China newspaper, most of the halfway involved in the business of the company, or in the research and development phase, the performance has not been reflected. Hand tour business performance can be reflected in the palm of the fun technology, north latitude Communications, Zhejiang Newspaper Media, extension information, the green treasure, the business income contribution rate of 68.77%, 44.57%, 13.83%, 10.24%, 8.71%.

Hand tour merger and acquisition of the mixed

Financial speculation

These 17 hand tour concept companies, some companies are because the main business prospects are not due to change, including the main media, Hung Bo medium paper, 6 from the media industry, including Huayi Brothers, Bo Rui spread, Zhejiang Newspaper media, China Policy film and television, Tian Zhou Culture, Phoenix media. Some companies are extending the industry chain, Everest information and Shenzhou Tai Yue Main telecommunications services, latitude communications and extension information main mobile phone value-added.

In this year through mergers and acquisitions of companies involved in the hands of the company, respectively, Zhejiang newspaper media, Bo Rui spread, Huayi Brothers, Shenzhou Thai Yue, Phoenix Media, Tian Zhou Culture, Datang Telecom, respectively, the acquisition of winger Software and Shanghai Hao Fang, Roaming Valley, Silverside technology, Tianjin Shell, Mu and network, magical times, to play entertainment.

Zhejiang newspaper media last year through a fixed increase in the way, to 3.49 billion yuan premium 18 times times to buy Shanda's winger network and Shanghai Hao side, the first half of this year, the two subsidiaries for its contribution to the operating income of 129 million yuan, accounting for its operating income of 13.83%.

However, not all of the bids are quality, there are many impostors, such as Everest information acquisition Guiyang Yang Entertainment. Acquisition, the network Yang Entertainment and no products on the line, and its agent "game world" and self-developed products will be online in the second half of this year.

Easy to view the data show that in the first half of this year involved in hand-travel mergers and acquisitions of companies, Silverside Technology, MU and network, the United States peak digital, magical era in the hands of the market share at the forefront, the average share of 3%.

From half a year of research and development input indicators, can also learn about these hand-travel company's some trends. Bo Rui Spread the research and development investment fell 9.39% Year-on-year, the green Bao growth of 854.15%, the fastest growth.

Despite the results, these companies have been courted by various funds. Take the fund shareholding as an example, north latitude communication 2012 end of the fund shareholding only 0.2%, the quarter of this year to 5.4%, the second quarter to 25%. Zhejiang newspaper media from the end of last year to increase from 8.08% to the second quarter of 27%. The spread was increased from 10.5% last year to 25.8% at the end of the second quarter.

China Green Treasure Hand tour business gross profit margin down 40%

"First Bull stock" in the stock price even if the same industry companies are far behind, from the beginning of 11.25 yuan/shares rose to the present 71.09 yuan/share.

The first half of this year to achieve operating income of 135 million yuan, an increase of 45.08%, to achieve ownership of the parent company net profit of 17.513 million yuan, an increase of 66.49%. But its hand tour business is facing the embarrassment of falling gross profit margin.

In the first half, its hand tour business income income 4.933 million yuan, an increase of 146.7%, but because the cost of a significant increase of 684.3% per cent year-on-year, resulting in gross margin to 49.55%, down 41%.

According to a network game industry analyst revealed that the first half of this year's hand tour business income mainly from the company agent of the MMO Tour "Bing Wang" Company and Page Tour "The King of God", and its self-employed travel business to bring a small income. It is reported that in the first half of this year, Green Bao and no novice products online, the second half will have five since the research products listed.

In the early 2012, the research and development team of China Green Treasure Hand Tour was established, at present, the self-employed travel business has "defend the Diaoyu Islands" "Tomb Raider" "American Mob" and so on, the red concept of "defend the Diaoyu Island", a securities analyst revealed that the game to play on the need for more innovation to make it more durable.

The predecessor of the main agent network game. Public information shows that it was established in early 2012 by the team, but did not have a monthly flow of thousands of products.

The huge amount of research and development costs is to make the company snow frosting. Research and development spending for the first half of this year is 16.32 million yuan, the first to reach the tens, is last year (8.05 million) twice times. It is understood that the general life cycle of hand-travel products for six months to a year, the company's profit pace to catch up with the pace of product replacement.

This kind of update also lets the hand swims the product to face the risk of reducing value. In the first half of this year, asset impairment losses were 1.8549 million yuan, compared with 131,600 yuan in the same period last year, an increase of 1509.5% per cent year-on-year. This is mainly the loss of the game product impairment, to 1.2181 million yuan.

In addition, it is necessary to say that in 2011, the Sino-Green PO adjusted impairment loss of 6.5703 million yuan, of which the intangible assets impairment of 1.7776 million yuan, and the adjustment did not have any impairment before, there are less to reduce loss of value.

In addition, analysts are not keen on it, in the first half of this year, only one securities company issued an increase in the rating of the study, and in contrast, palm technology is more favored by analysts, in the first half of this year, 50 brokerages to their attention, most of the purchase rating.