Social Security Fund shares in China's profits have doubled

Source: Internet
Author: User
Keywords Social Security Fund China Hand tour
Tags business closing closing price company continued continuous distribution distribution company
January 16, China's National Social Security Fund Council in November last year, the Chinese Hand Tour (NASDAQ:CMGE), the unit has continued to rise in December. On January 14, 29.8 U.S. dollars/shares of the closing price, the National Social Security Fund is now doubled. China Hand Tour CEO Xiaojian recently to the club, the domestic game company is expected in the first half, ushered in the U.S. and Hong Kong stock financing golden period, the domestic first-line game distribution company will become listed or financing the main force. Xiaojian said the stock price rise benefited from a series of monthly running tens game products, and the great strength of the overseas market is also favored by the outside world, at the same time, also by the overseas market domestic game stock plate, "China's hand tour market growth is very fast, domestic hand tour companies in product development, operation and distribution capacity on the day without losing , Korea and Europe and the United States and regional game companies, long-term look more likely to surpass and lead the possibility. It also revealed that China's hand tour in December 2013 officially launched overseas distribution, is expected to lead 2014 years of rapid growth in the overall income scale. The announcement shows that the Chinese Hand Tour intelligent Machine Business has now covered by the research and game distribution in two parts, since the research business to maintain a higher flow of chess business income scale. Up to now, has developed 6 RPG games, in 2013 Q4 to 2014 Q1 has been launched. Industry data show that the current monthly income tens products have 6, including since the research 1 and Agent 5. Performance, the Chinese Hand Tour 2013 fiscal year third quarter revenue 98.1 million yuan, net profit of 25.6 million yuan. Among them, the hand tour revenue 89.2 million yuan. The total number of subscribers to social games is 2.8 million, and the average revenue per user of social games is RMB 24.9. In addition, China tour on November 15 last year, the announcement, has reached an agreement with the ads per share of 14.50 U.S. dollars to sell a portion of ads shares. The National Social Security Fund bought 1.035 million shares of ads, totaling about 15 million dollars. The transaction is completed within two weeks of the announcement. According to people familiar with the company, the National Social Security Fund before the shares have been a number of personnel to research, and in hand tour also hope that through the financing to promote the depth of capital distribution.
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