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Market: Hong Kong | Symbol: 1980 | ISIN: KYG887641085 | Sector: Software & Services

Based in Hangzhou, Tian Ge Interactive Holdings Limited ("Tian Ge" or the "Group") (SEHK 1980), is a leading live social video platform in China. The Group operates a number of renowned Mobile and PC live social video communities, including “Miao Broadcasting” (喵播) and “9158”. 

Founded as a PC “many-to-many” live social video community, 9158 Video Community, in 2008, Tian Ge began to establish an ecosystem within live social video communities and has gradually transformed itself into a multi device live streaming service provider by launching various mobile and PC platforms. With the mission of bringing optimism and joy to the masses through live social video interaction, users are enabled to meet and stay connected with others who may share similar backgrounds, interests, culture and dialects on our platforms.

Leveraging on its leading industrial position, the Group’s flagship product, “Miao Broadcasting” entered overseas market including Thailand and Indonesia, to fully capture the opportunities arising from the robust growth of mobile live streaming market in China, Asia and the rest of the world. The Group will not cease the effort to expand across the globe. Furthermore, Tian Ge’s professional team has been expediting the research and development of new casual mobile games as well as actively identifying investment opportunities in potential products. By incorporating the games into the mobile live streaming platform, users are able to enjoy all-rounded entertainment experience, generating immense synergy effects synergy in line with the Group’s core business development.

As at December 31 2020, the total registered users of Tian Ge are 456 million, while number of rooms and hosts reached 38927 and 83182 respectively. The number of MAUs for Tian Ge was approximately 9.5 million for the three months ended December 31 2020.

Currency HKD
Previous Close 0,94
Change (%) 1,08
Volume 1 235 000
Number of Shares (mil) 1 267,91
Market Cap (mil) 1 191,84
Key figures (Unit: RMB’000) 2019 2020
Revenue 539,329 380,299
Gross profit 474,784 330,910
Operating profit 244,061 66,469
Net profit 100,126 84,471
Total assets 3,502,764 3,545,968
Total liabilities 638,021 633,130
Total equity 2,864,743 2,912,838
Basic earnings per share, RMB 0.075 0.064
Gross margin (%) 88.0 87.0
Operating margin (%) 45.3 17.5
Net profit margin (%) 18.6 22.2
Current ratio (times) 3.8 3.6