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Public company info - Tian Ge Interactive Holdings Ltd. , 01980.HK
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Tian Ge Interactive Holdings Ltd., 01980.HK - Company Profile
Chairman Fu Zhengjun
Share Issued (share) 1,281,000,000
Par Currency U.S. Dollar
Par Value 1.0E-4
Industry E-Commerce & Internet Services
Corporate Profile Business Summary: The Group is principally engaged in the operating of live social video platforms, mobile and online games, advertising and other services in the People’s Republic of China (the “PRC”). Performance for the year: For the year ended December 31, 2019, Tian Ge’s revenue decreased by 28.3% year-on-year to RMB539.3 million from RMB751.9 million in 2018. For the year ended December 31, 2019, profit attributable to equity holders of the Company was RMB93.8 million which decreased by 57.0% year-on-year; net profit was RMB100.1 million which decreased by 53.6% year-on-year; adjusted net profit was RMB181.2 million which decreased by 47.1% year-on-year; and adjusted EBITDA was RMB298.9 million which decreased by 31.3% year-on-year. Business Review： “Mobile + PC” Dual Live Streaming According to iMedia Research, in 2019, the number of online live streaming users in the PRC continued to maintain a growth momentum and increased to approximately 501.0 million, but the growth rate slowed down compared to previous years. As the growth of the number in live streaming users slowed down and the benefits of the booming Internet industry has gradually diminished, content innovation and diversification became the core driving forces for the development of the online live streaming industry. Wuta Camera As one of the most popular beauty camera applications in the PRC, as of December 31, 2019, Wuta Camera’s average monthly active users were approximately 30.1 million. As of the end of 2019, after continuous exploration of commercial development, the Group set a clear direction for the development of Wuta Camera and the commercialization of Wuta Camera will be further enhanced in the future. Wuta Marriage, a new application platform highly related to live streaming and camera users, has been launched and the Group believe that it will further increase the number of the Group’s users in the future. Since the fourth quarter of 2018, Wuta Camera has been favored by a number of first-tier advertisers, and in 2019, the advertisement revenue of Wuta Camera recorded stable growth. Moreover, Wuta Camera was widely welcomed by overseas users, especially in Southeast Asia, where the number of Wuta Camera users has been continuously rising. Overseas Expansion In 2019, Tian Ge further increased its pace of overseas expansion and made phased progress in its overseas expansion strategy. A number of project teams have been established in overseas areas and have achieved good progress and breakthroughs in terms of number of employees, businesses and users, especially in Vietnam and Thailand. During the reporting period, “Mlive”, the overseas version of Tian Ge’s flagship product – “Miao Broadcasting”, and “Bunny Live”, a new live streaming platform mainly targeting the Vietnamese market, began to experience more traction among users in the Southeast Asian region. Real Estate Investments and Financial Technologies During the year of 2019, the Group made financial investments in overseas markets and participated in fast-growing overseas real estate investment projects to maintain asset appreciation. The Group is optimistic with some real estate markets and is currently exploring opportunities for making investments in some real estate development projects in Southeast Asian region. However, the Group expects that such investments will not change the Group’s core business which focuses on providing live streaming and social interaction services in China and overseas markets. Prospects: Tian Ge will continue to implement its “live streaming + camera” dual-core strategy by continuously improving product content and innovation to enhance user experience and by integrating products with more commercial contents to attract more high-quality users with strong spending power and consolidate its competitiveness in the market. The Group will actively explore the social functions of Wuta Camera’s products, promote the integration of live streaming, short video and information products and put more effort in marketing and expanding user coverage. Embracing new opportunities for development, the Group will continue to explore the “Beauty Economy” industry chain, and promote the synergetic development of the Group’s businesses. Meanwhile, the Group will continue to cultivate its business in overseas markets, replicate its successful domestic business model in Southeast Asia and other regions and expand its international market share. Tian Ge will make expansion and innovation in line with the development trend of the industry and its business, focus on its own advantages to promote the development of live streaming, Wuta Camera and overseas business, promote product integration and increase user traffic. Moreover, the Group will continue to seek breakthroughs and opportunities to strengthen its core competence, enhance its monetization capability and constantly create higher profit value for shareholders.

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