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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”. Tian Ge also develops and operates short video platform, mobile social games and FinTech products which are incorporated into the live streaming platform, creating synergistic effects with Tian Ge’s live social video businesses.

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.

The Group always strives to enrich its ecosystem by injecting fresh momentums. 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.

Tian Ge successfully gained a vast user base with its“Mobile + PC” dual live streaming strategy. As at March 31, 2017, the total registered users of Tian Ge are 345.0 million, while number of rooms and hosts reached 67,835 and 109,617 respectively. The number of MAUs and QPUs for Tian Ge’s online interactive entertainment service was approximately 24.9 million and 1.31 million for the three months ended March 31, 2017.

20/04/2018 Hong Kong
Currency HKD
Previous Close 6.67
Change (%) -0.74
Volume 2,100,000
Number of Shares (mil) 1,274.66
Market Cap (mil) 8,501.96
Key figures (Unit: RMB’000) 2014 2015 2016
Revenue 692,159 677,543 834,185
Gross profit 586,851 526,208 646,087
Operating profit 211,098 188,524 289,648
Net profit (107,601) 149,750 230,709
Adjusted net profit 267,214 222,969 280,572
Adjusted EBITDA 319,355 280,300 359,555
Total assets 2,262,591 2,500,208 2,907,042
Total liabilities 174,103 191,536 283,070
Total equity 2,088,488 2,308,672 2,623,972
Adjusted basic earnings per share (RMB) 0.29 0.18 0.22
Gross margin (%) 84.8 77.7 77.5
Operating margin (%) 30.5 27.8 34.7
Net profit margin (%) (15.5) 22.1 27.7
Adjusted net profit margin (%) 38.6 32.9 33.6
Current ratio (times) 8.6 9.1 6.8
* Note: Adjusted diluted earnings per share is not defined under IFRS, and eliminates the effect of non-cash fair value changes of convertible redeemable preferred shares, non-cash gains on repurchase of preferred shares, dividends related to redeemable preferred shares, listing expenses and non-cash share based compensation expenses.