Yuechuan network applied for the listing of the new third board, Xunlei and Shengchuang had already laid out the layout.

On July 27, Guangzhou Yuechuan Network Technology Co., Ltd. submitted listing materials to the stock transfer system. The reporter noticed that in its list of top ten shareholders, Xunlei Company and Shenzhen Venture Capital appeared.

Another mobile game company applied for listing on the New Third Board.

So far, there are 44 mobile game companies on the New Third Board, including 9 innovation-level companies and 35 basic-level companies. Data shows that in 2016, nearly 80% of mobile game companies on the New Third Board were profitable, with a total net profit of 810 million yuan, an increase of 323 million yuan or 66% from 487 million yuan in 2015.

On July 27, a company named Guangzhou Yuechuan Network Technology Co., Ltd.(referred to as: Yuechuan Network) submitted listing materials to the stock transfer system. The reporter noticed that in its list of top ten shareholders, Xunlei Company and Shenzhen Venture Capital appeared.

Xunlei and Shenzhen Venture Capital have already laid out

public information shows that Yuechuan Network was established on December 9, 2011, formerly known as Guangzhou Yuechuan Network Technology Co., Ltd. Xunlei Company has participated in investment as early as the establishment of the limited company.

As early as December 9, 2011, Tang Hongliang, Zhang Jingxuan, Feng Mingyu, Wang Tao, Kong Xiangfeng, Zheng Ke and Xunlei Company jointly funded and established Guangzhou Yuechuan Network Technology Co., Ltd. with a registered capital of 222,200 yuan. Xunlei Company holds 10% of the company's equity.

After multiple capital increases and equity transfers, on March 19, 2014, Shenzhen Venture Capital took its two investment companies, Guangzhou Hongtu and Guangdong Hongtu, to participate in the company's fourth capital increase, with a total paid-in capital contribution of 1.4285 million yuan, holding 18.37% equity of the company.

After the overall change to a joint-stock company, Xunlei Company holds 929,600 shares of Kochawa Network, accounting for 9.3% of the total share capital, and is the third largest shareholder of the company; Shenzhen Venture Capital, Guangzhou Hongtu and Guangdong Hongtu jointly hold 16.85% of the equity of Kochawa Network, making it the actual second shareholder of Kochawa Network.

The reporter learned that in addition to star shareholders such as Xunlei and Shenzhen Venture Capital, Yuechuan Network's shareholder list also includes investment institutions such as Brother Investment, Chongqing Xingliji, and Qianhai Huaye.

Data from the leading competitor

New Third Board Research Institute shows that Kochawa Network is mainly engaged in the research and development of client-side online games and Mobile device online games, with the research and development of Mobile device online games mainly. Currently, the main game products include "Legend of the Spirit","Evil of the East and the West","Duel of Monsters","Perfect World 3D", etc.

Financial report data shows that Kochawa Network's performance has shown an increasing trend in recent years. From 2015 to January to March 2017, operating income was 1.1928 million yuan, 16.1283 million yuan, and 5.623 million yuan respectively; net profit was-20.7696 million yuan, 4.0599 million yuan, and 1.2936 million yuan respectively.

Kochawa Network mentioned in its public transfer specification that the company's current main domestic competitors are Xiaoao Interactive and Qi Si Information. The reporter compared and found that the two competing companies only suffered losses last year, and Kochawa Network took the lead last year.

Editor: Mary