In the era of happy gathering, the revenue in 2015 increased by 5.897 billion and the net profit decreased slightly.

the time of gathering today released its results for the fourth quarter and full year of fiscal year 2015 ended December 31. According to the report, the fourth-quarter net revenue of Huan Ju Times was 1.8998 billion yuan ($293.3 million), up 62.3 percent from 1.1706 billion yuan in the same period last year, and net profit was 359.2 million yuan ($55.5 million). Down 4% from 372.8 million yuan in the same period last year.

original title: net profit in the fourth quarter of the era of Happy gathering fell by 4% year-on-year and revenue exceeded expectations

the era of Happy gathering today released its results for the fourth quarter and full year of fiscal year 2015 ended December 31. According to the report, the fourth-quarter net revenue of Huan Ju Times was 1.8998 billion yuan ($293.3 million), up 62.3 percent from 1.1706 billion yuan in the same period last year, and net profit was 359.2 million yuan ($55.5 million). Down 4% from 372.8 million yuan in the same period last year.

A Wall Street analyst expects revenue of $242.1 million in the fourth quarter. Revenue in the fourth quarter was $293.3 million, exceeding analysts' expectations, according to the results.

according to data compiled by Yahoo Finance, a Wall Street analyst expects earnings per share of Huanju Times to reach $3.03 in fiscal year 2015, excluding GAAP. Earnings per share for the 2015 fiscal year were $3.27, beating analysts' expectations, according to the results.

in addition, on average, two Wall Street analysts expect revenue of $860.28 million in fiscal 2015. Revenue for the 2015 fiscal year was $910.4 million, exceeding analysts' expectations, according to the financial report.

strong > fourth quarter main results: / strong >

-net revenue in the fourth quarter was 1.8998 billion yuan ($293.3 million), up 62.3% from 1.1706 billion yuan in the same period last year.

-the net profit in the fourth quarter was 359.2 million yuan ($55.5 million), down 4% from 372.8 million yuan in the same period last year.

-excluding US general accounting principles (excluding equity incentive expenses), the fourth-quarter net profit of the happy gathering era was 420.4 million yuan ($64.9 million), an increase of 2.3% from 410.8 million yuan in the same period last year.

strong > FY2015 main results: / strong >

-net revenue of FY 2015 was RMB 5.8972 billion ($910.4 million), an increase of 60.3% over RMB 3.6784 billion in FY 2014;

-net profit of FY 2015 was RMB 1.0332 billion ($159.5 million), compared with RMB 1.064.5 billion in FY 2014

-excluding US GAAP (excluding equity incentive expenses), the net profit of Happy Times in fiscal 2015 was 1.2186 billion yuan ($188.1 million), up 1.6 per cent from 1.1991 billion yuan in fiscal year 2014.

Li Xueling, CEO of the gathering time, said: "We are pleased to announce that the company has once again achieved strong quarterly results, and revenue growth momentum continues to exist in all core business units, especially online music and entertainment, online dating and Huya TV business. In addition, in the company's online music and entertainment business, revenue from mobile users grew by an impressive 452% year-on-year, accounting for 45% of the total revenue in the fourth quarter of 2015. Looking ahead, we will continue to build mobile products and launch other innovative services as we strive to meet the evolving needs of the dynamic mobile Internet market. As we continue to expand and develop services throughout the healthy ecosystem, we are confident of our ability to enhance our position as the leading real-time Internet platform in the Chinese market. "

CFO he Zhenyu said: "in the fourth quarter of 2015, we continued to achieve strong revenue growth, with net revenue growing at a year-on-year rate of 62.3%, mainly reflecting the growth of the core business, but partially offset by the expected weak performance of the online games business. In addition, as of December 31, 2015, the number of paying users increased by a further 29.9% year-on-year to 3.2 million. Mobile was a strong driver of overall growth in the fourth quarter, especially in the core online music and entertainment business, where average revenue per user rose 139 per cent year-on-year to 838 yuan, while the number of mobile paying users rose 131 per cent year-on-year to 1.4 million. As the company moves into the future, we still believe in our ability to launch new and innovative services to a large user community and enhance our ecosystem. "

strong > net revenue: / strong >

net revenue in the fourth quarter was 1.8998 billion yuan ($293.3 million), up 62.3% from 1.1706 billion yuan in the same period last year. The increase in net revenue in the fourth quarter of the happy gathering era was mainly due to revenue growth from Internet value-added services.

revenue from Internet value-added services (including online music and entertainment, online games, online dating, Huya TV and Huanju Times membership programs) in the fourth quarter was 1.832 billion yuan ($282.8 million), up 60.7% from 1.1402 billion yuan in the same period last year. The growth of Internet value-added services revenue in the fourth quarter of the happy gathering era mainly reflects the growth of the number of paying users and the growth of average income per user. In the fourth quarter of the happy gathering era, the number of paying users increased by 29.9% compared with the same period last year, and the average income per user increased by 24.3% compared with the same period last year.

revenue from the online music and entertainment business in the fourth quarter was 1.145 billion yuan ($176.8 million), up 69.3% from 676.2 million yuan in the same period last year. The revenue growth of the online music and entertainment business in the fourth quarter of the happy gathering era mainly reflects the increase in the average income per user and the increase in the number of paying users. The number of paying users of the online music and entertainment business in the fourth quarter of Huanju Times increased by 44.5% over the same period last year to 2.157 million, while the average income per user increased by 17.2% over the same period last year to RMB 531. In addition, the average revenue per user from mobile users in the fourth quarter of the happy gathering era continued to show a solid and accelerated growth trend, increasing to 388 yuan from 162 yuan in the same period last year, an increase of 139% from the same period last year. In addition, Huanju Times held the 2015 YY Entertainment Annual Competition in December 2015, which has proved to be one of the successful iconic events in the industry and has increased online music and entertainment revenue.

revenue from online games in the fourth quarter of the gathering era was 172.4 million yuan ($26.6 million), compared with 229.4 million yuan in the same period last year. The decline in online game revenue in the fourth quarter of the happy gathering era was mainly due to a 32.5 per cent year-on-year decline in the number of paying users to 340000, reflecting the continued weak performance of China's online game market. but it was partially offset by an 11.4 per cent year-on-year increase in average revenue per user of online games.

revenue from the online dating business in the fourth quarter of the gathering era was 189.2 million yuan ($29.2 million), up 102.4 percent from 93.5 million yuan in the same period last year. The growth of online dating revenue in the happy gathering era mainly reflects the growth of average income per user. The average revenue per user of the online dating business of Huanju Times rose 109.3% year-on-year to RMB837 in the fourth quarter, driven in part by the contribution of the YY Entertainment Annual Competition, which was first held in December 2015.

revenue from other Internet value-added services (mainly including subscription fees for Huya TV and membership plans) in the fourth quarter of the gathering era was 325.4 million yuan ($50.2 million), an increase of 130.6 percent from 141.1 million yuan in the same period last year. Revenue from Huya TV in the fourth quarter of the happy gathering era was 133.6 million yuan ($20.6 million), up 152.2% from 53 million yuan in the same period last year. Revenue from member subscription fees in the fourth quarter of the happy gathering era was 80.8 million yuan ($12.5 million), up 36.4 percent from 59.3 million yuan in the same period last year, which mainly reflects the increase in the number of members. As of December 31, 2015, the total number of members of the Happy gathering time membership subscription Program was 1.086 million, an increase of 3.3% over the 1.051 million as of December 31, 2014.

revenue from other businesses in the fourth quarter of the gathering era includes revenue from online education platform 100 education and online advertising on the multi-play website. Revenue from other businesses in the fourth quarter was 67.8 million yuan ($10.5 million), up 123.1% from 30.4 million yuan in the same period last year. Note: the exchange rate conversion ratio in this financial report is US $1 = RMB 6.4778.

strong > Revenue cost and Gross profit: / strong >

the revenue cost in the fourth quarter of the happy gathering era was 1.1682 billion yuan ($180.3 million), an increase of 87.1 percent over the 624.5 million yuan in the same period last year. The increase in revenue costs in the fourth quarter of the happy gathering era is mainly due to the increase in revenue sharing expenses and content costs. YY's fourth-quarter revenue split between fees and content costs was 807.3 million yuan ($124.6 million), compared with 397.8 million yuan in the same period last year. The increase in revenue-sharing fees and content costs paid by YY to performers, channel owners and content providers is mainly related to the increase in user participation and spending levels, which is driven by promotional activities and investments made in the era of reunion to expand the amount of innovative content provided to users. The broadband cost of the happy gathering era in the fourth quarter was 161.1 million yuan ($24.9 million), up from 117.8 million yuan in the same period last year, mainly due to the continued expansion of the user base and the improvement of video quality.

the fourth-quarter gross profit of the happy gathering era was 731.6 million yuan ($112.9 million), up 34.0% from 546.1 million yuan in the same period last year. The gross profit margin in the fourth quarter of the happy gathering era was 38.5%, down from 46.7% in the same period last year. The year-on-year decline in gross profit margin in the happy gathering era was mainly due to a change in the company's business portfolio to cover new business categories involving user-generated content, as well as an increase in revenue sharing fees and content costs.

strong > operating profit: / strong >

operating expenses in the fourth quarter of the happy gathering era were 354.6 million yuan ($54.7 million), an increase of 59.6 percent from 222.2 million yuan in the same period last year. The increase in operating expenses in the fourth quarter of the happy gathering era was mainly due to an increase in sales and marketing expenses, especially those related to the promotion of mobile products, as well as an increase in general and administrative expenses due to the company's overall business expansion.

operating profit in the fourth quarter of the happy gathering era was 409.8 million yuan ($63.3 million), up 25.6 percent from 326.3 million yuan in the same period last year. The operating profit margin of Huanju era in the fourth quarter was 21.6%, down from 27.9% in the same period last year.

not in accordance with US general accounting standards (excluding equity incentive expenses), the fourth-quarter operating profit of the happy gathering era was 471 million yuan ($72.7 million), an increase of 29.3% from 364.3 million yuan in the same period last year. Not in accordance with us general accounting principles (excluding equity incentive expenses), the operating profit margin of the happy gathering era was 24.8 per cent in the fourth quarter, down from 31.1 per cent in the same period last year.

strong > net profit: / strong >

net profit in the fourth quarter of the happy gathering era was 359.2 million yuan ($55.5 million), down 4% from 372.8 million yuan in the same period last year. The fourth-quarter net profit margin of the happy gathering era was 18.9%, down from 31.8% in the same period last year. Excluding US general accounting principles (excluding equity incentive expenses), the fourth-quarter net profit of Happy Times was 420.4 million yuan ($64.9 million), up 2.3 per cent from 410.8 million yuan in the same period last year. Not in accordance with us general accounting standards (excluding equity incentive expenses), the fourth-quarter net profit margin of the happy gathering era was 22.1%, down from 35.1% in the same period last year.

strong > earnings per share / strong >

the diluted earnings per share of American depositary receipts in the fourth quarter of the happy gathering era was 6.24 yuan (about 0.96 U.S. dollars), an increase of 1.5 percent over the diluted earnings per share of American depositary receipts of 6.15 yuan in the same period last year. Not in accordance with American general accounting principles (excluding equity incentive expenses), diluted earnings per share of American depositary receipts in the fourth quarter of the happy gathering era was 7.25 yuan ($1.12), up 7.6% from 6.74 yuan per share in the same period last year.

strong > Financial Analysis for fiscal year 2015 / strong >

net revenue in fiscal year 2015 was 5.8972 billion yuan (about $910.4 million), an increase of 60.3% over 3.6784 billion yuan in fiscal year 2014. The increase in net revenue in fiscal year 2015 was mainly due to an increase of 60.3 per cent in revenue from Internet value-added services.

net profit in fiscal 2015 was 1.0332 billion yuan ($159.5 million), compared with 1.0645 billion yuan in fiscal 2014. The net profit margin of Huanju Times in fiscal 2015 was 17.5%, down from 28.9% in fiscal 2014.

not in accordance with US general accounting principles (excluding equity incentive expenses), the net profit of Huanju Times in fiscal year 2015 was 1.2186 billion yuan ($188.1 million), up 1.6 per cent from 1.1991 billion yuan in fiscal year 2014. Not in accordance with us general accounting principles (excluding equity incentive expenses), the net profit margin of happy times was 20.7% in fiscal year 2015, down from 32.6% in fiscal year 2014.

diluted earnings per share of American depositary receipts in fiscal year 2015 were 17.96 yuan ($2.77), higher than those of 17.76 yuan per share in the same period last year. Excluding general accounting principles (excluding equity incentive expenses), diluted earnings per share of American depositary receipts for fiscal year 2015 were 21.18 yuan ($3.27) per share, higher than the diluted earnings per share of American depositary receipts for the same period last year.

the net cash from business operations in fiscal year 2015 was 1.7802 billion yuan ($274.8 million).

strong > recent Development: / strong >

in the fourth quarter of 2015, Huanju invested 1.8605 billion yuan (US $287.2 million) to buy land for future office space in Pazhou Internet Innovation Zone, with the aim of accommodating the expanded labor force in the future and reducing long-term operating costs.

Edit: vian