Sanqi Mutual Entertainment's net profit increased by 105% in the first quarter. Mobile game business contributed the most

The report shows that Sanqi Mutual Entertainment achieved revenue of 1.619 billion yuan in the first quarter of 2017, a year-on-year increase of 36.28%, and net profit attributable to shareholders of listed companies was 433 million yuan, a year-on-year increase of 104.99%. According to the 2016 annual report, Sanqi Mutual Entertainment achieved a net profit of 1.07 billion yuan, a year-on-year increase of 111%.

Original title: Sanqi Mutual Entertainment's net profit in the first quarter increased by 104.99% year-on-year

. On April 25, Wuhu Shunrong Sanqi Mutual Entertainment Network Technology Co., Ltd.(hereinafter referred to as "Sanqi Mutual Entertainment") disclosed the first quarter of 2017 report. The report shows that Sanqi Mutual Entertainment achieved revenue of 1.619 billion yuan in the first quarter of 2017, a year-on-year increase of 36.28%, and net profit attributable to shareholders of listed companies was 433 million yuan, a year-on-year increase of 104.99%. According to the 2016 annual report, Sanqi Mutual Entertainment achieved a net profit of 1.07 billion yuan, a year-on-year increase of 111%.

Through observation, it can be found that in the last five quarters since 2016, Sanqi Mutual Entertainment achieved a year-on-year increase in net profit of more than 100% in four quarters, and a year-on-year increase of more than 90%. Especially since the second half of 2016, Sanqi Mutual Entertainment's net profit has experienced explosive growth. The total net profit has increased from 266 million yuan in the third quarter of 2016 to 318 million yuan in the fourth quarter, and 433 million yuan in the first quarter of 2017., month-on-month increases were 19.54% and 36.16% respectively. In addition, Sanqi Mutual Entertainment's net interest rates from 2015 to the first quarter of 2017 were 10.87%, 20.39% and 26.75%, respectively, indicating that in addition to factors such as the complete consolidation of the game business and rapid growth in revenue, Sanqi Mutual Entertainment's "strong distribution + strong R & D" business system has also enhanced the company's profitability to a certain extent.

"In an environment where the growth rate of the web game market is slowing down, this phenomenon is mainly due to the new benefits brought by Sanqi Interactive Entertainment Mobile Games products." The relevant person in charge of the company pointed out. It is reported that since its launch,"Eternal Era", the main mobile game product of Sanqi Mutual Entertainment, has set a record of 62 million yuan in a single day and 280 million yuan in a month. Eternal Era has performed equally well in many overseas markets, with monthly sales exceeding 60 million yuan. At the Tencent Interactive Entertainment UP2017 press conference held on April 20, Sanqi Interactive Entertainment also put forward the slogan of "Let the DNA of web games bloom in the mobile era", indicating that adding mobile games business has become an important strategic direction for Sanqi Interactive Entertainment, and the company is extending the core competitiveness of the web games business to the mobile games business.

Editor: Nancy