Huayi Brothers Investment gaming industry shares soar

The 2013 years of       Huayi Brothers are doomed to be inseparable from the "game". At the end of July, Huayi Brothers announced that it would buy a majority stake in Guangzhou Silverside technology for mobile gaming companies at a price of 672 million yuan. In the previous half-year, Huayi Brothers also sold 300% per cent of their performance by selling a stake in another gaming company, the 40.960,0.00,0.00% technology.      Huayi Brothers in the game to taste the sweetness, the film industry leading companies are suddenly transformed into a a-share game concept stocks.      Huayi will build game team      July 24, one months after the suspension of the Huayi brothers to sell a case of 672 million yuan. The acquisition of the object is located in Guangzhou, mobile gaming company Silverside Technology.      Huayi Brothers to the Silverside technology shareholders to pay 7.6069 million shares, and pay 448 million yuan in cash to complete the acquisition. At the same time, Huayi Brothers will be not more than 10 investors targeted to raise additional supporting funds 224 million yuan.      After the completion of the increase, Huayi brothers will be 672 million yuan price, the acquisition of Silverside Technology 50.88% of the equity.      Huayi Brothers Vice President, board secretary Ming said at the institutional Investor research meeting that the game plate will be the fourth pillar in the business structure of Huayi Brothers, and the future is the core business sector.      from accounting statements, the future of Huayi Brothers of the four major business will be the film, TV, artists brokerage and games.      But in the first half of the past, the contribution of the game to Huayi Brothers is far from "four" comparable.      Annual report results show that Huayi Brothers is expected to net profit in the first half of 390 million yuan to 420 million yuan, while Huayi Brothers reduce game company Palm Fun Technology, set now 378 million yuan, access to investment income of about 244 million yuan.      This means that in the first half of the 300% increase in performance, at least nearly 60% is to reduce the interest of the technology contribution. This also shows that Huayi brothers in the first half of the performance growth, the film's contribution to the performance is not outstanding.      Investment The success of technology has made Huayi brothers enthusiastic in the mobile gaming market. Ming has said that more optimistic about the growth of the mobile gaming market.      Palm Technology in the main, the traditional mobile phone business is the largest revenue, but to raise funds to invest in, mobile games and page tourPlay is the two largest field of investment.      The Huayi Brothers, as minority holders, did not form their own gaming business and team because of the investment in technology. Acquisition of Silverside is likely to achieve this.      Ming said: "We have tasted the sweetness and suffered in this field, the conclusion is to find a best partner, everyone with a risk-sharing structure (cooperation)." "     acquisition broker Tencent      Huayi Brothers How to notice a mobile gaming company in Guangzhou?" From the present situation of disclosure, Huayi Brothers Tencent has played a big role.      In the ownership structure of Silverside technology, Tencent holds a 15% stake in the Silverside technology, which still holds a 8% stake in the Huayi Brothers acquisition.      Silverside Technology's main revenue comes from a 2012-year product "Time Hunter", in November 2012 after 8 months of online, the cumulative recharge amount of more than 150 million yuan, the monthly water in May 2013 close to 40 million yuan.      According to the announcement, Silverside technology in this industry in the market share of 5.9%, and market share in Silverside technology before is also a 9.4% share of Tencent.      According to unaudited data, the first half of the Silverside technology revenue reached 95.17 million yuan, net profit of 53.1 million yuan.      In addition, the acquisition at the same time the performance of the gambling agreement, Silverside sales shareholder Commitment Silverside Technology 2013 to 2015 respectively to achieve net profit of 110 million yuan, 143 million yuan and 185.9 million yuan, that is, the annual net income growth of not less than 30%. If future performance is less than promised, the shareholders who sell the shares will make up the difference by shares or cash.      Institutional investors ask the Huayi brothers a sharp question, so why not a company that owns 15% of Tencent to buy Silverside technology but the Huayi brothers takeover?      Ming The answer to this is that Tencent is too big, and Huayi Brothers as a "product" company, in the DNA has a great fit.      Public data show that Tencent's formal involvement in Silverside technology in January 2013, Tencent from the Silverside technology 7 shareholders to obtain 555,600 yuan in the amount of capital, and cash to increase capital, accounting for the proportion of 15%.


 


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