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Public company info - Wanka Online Inc. , 01762.HK
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Wanka Online Inc., 01762.HK - Company Profile
Chairman GAO Dinan
Share Issued (share) 1,455,000,000
Par Currency U.S. Dollar
Par Value 2.0E-7
Industry Advertising
Corporate Profile Business Summary: The Company is mainly involved in the mobile advertising services, online-video distribution services and game co-publishing services. Performance for the year: The Group’s gross profit increased from RMB217.1 million in 2018 to RMB338.2 million in 2019. The slight increase in gross profit margin from 14.0% in 2018 to 14.1% in 2019. The Group’s operating profit increased from RMB101.9 million in 2018 to RMB175.8 million in 2019. Operating margin increased from 6.6% in 2018 to 7.3% in 2019. The Group recorded a profit of RMB105.7 million in 2019, and a loss of RMB421.5 million in 2018. Business Review: In 2019, the Group continued to deepen the Group’s collaboration with the smartphone manufacturers in the People’s Republic of China (the “PRC”), and strengthen the Group’s leading position in the Androidbased ecosystem in China. The Group has also seized opportunities and collaborated with Chinese smartphone manufacturers to expand the Group’s business into the overseas Android-based ecosystem market. The Group’s business has enjoyed the benefits brought by the economies of scale. The number of mobile apps and mobile games the Group advertised increased from 3,869 in 2018 to 5,901 in 2019. The Group’s revenues from mobile advertising in 2019 was RMB2,276.4 million, representing a year-on-year increase of 57.7%. Revenues from the Group’s online-video distribution and game co-publishing in 2019 was RMB101.6 million and RMB18.2 million, respectively representing a year-on-year increase of 50.7% and 73.9%, respectively. In 2019, the Group achieved net profit of RMB105.7 million for the first time, as compared to the net loss of RMB421.5 million in 2018. In 2019, the Group initiated and implemented the Group’s 5G technology strategy, enabling the Group’s DAPG platform to smoothly transit from the 4G era to the 5G era, the era of the Internet of Everything. As a new form for lightweight applications which allow instant use without downloading anything, the Group believes that Quick App will lead to disruptive changes in the 5G era. The Group has also actively expanded the applications of Quick App technology in a more diverse, online and offline scenarios including near-field communication services. Meanwhile, the Group has continued to shore up the Group’s own technical strengths, and improve the Group’s capability to process big data on the Group’s DAPG platform at full speed. Leveraging the Group’s advanced data analysis technologies and algorithms, in 2019, the Group has further optimized the intelligent recommendation technology of the Group’s Data AI Platform Group (the “DAPG”) platform. Furthermore, the Group has enhanced the Group’s platform as a service (PaaS) capability, and have extended the applications of the Group’s advanced technologies to other innovative areas, including the Internet of Things. The Group successfully held the Quick App Developer Conference (快應用開發者大會) in March 2019, and welcomed two new members, Hisense and China Mobile, to join the Quick App Alliance (the “QAA”), a network of major Android smartphone manufacturers to develop the Quick Apps, connecting a larger user base to the Group’s online and offline services. Currently, the QAA pursued various forms of cooperation with numerous industries, empowering the offline retail industry with a wide spectrum of functions such as expand applications in various scenarios, enhance conversion efficiency, and enable accurate targeted coverage. Additionally, the QAA established close cooperation with a number of game engine companies to develop the quick game technology, reducing the development and access costs of game developers. As of December 2019, the number of monthly active Quick App devices exceeded 300 million units, representing an increase of nearly two times as compared with that as of December 2018. Prospects: Looking forward, the Group will further deepen the Group’s cooperation with the Android-based ecosystem participants and diversify the Group’s service portfolio to create more meaningful and attractive value-added potential for Android-based ecosystem participants. The Group believes that diversified development in vertical fields will bring new growth drivers to the Group’s business, proved by the Group’s strategic investments in a fintech company in September 2019. The Group will utilize the Group’s leading technical and industrial strengths to empower promising industries. Furthermore, the Group will focus on enhancing the Group’s technical capabilities, and to a greater extent, the Group will, together with smartphone manufacturers in the PRC, further expand the global user base in enormous overseas markets leveraging the Group’s technology when exploring the synergy between the Quick Apps and 5G technology.

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