With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
according to a research report published by Citigroup, Yuewen’s revenue in the first half of this year increased by 9.7% to RMB 3.26 billion, which was higher than Citi’s performance expectation for the company. However, the adjusted profit decreased by 94% to 22 million yuan, which was lower than Citi’s expectation. This index was mainly affected by the higher than Citi’s expectations of marketing costs and accounts receivable provisions.
Citigroup said that for the second half of this year, the company’s goal is to use Tencent (00700) traffic to improve the company’s reading business and rich content, and deepen cooperation with Tencent and third-party organizations to accelerate IP adaptability, so as to expand the user scale.
at present, Citigroup has lowered its revenue forecast of reading articles for the next three years from 2020 to 2022 by 8%, 8% and 8% respectively. Meanwhile, considering that the TV series released by Xinli media is lower than expected, but the official account of wechat will contribute to the increment of paid reading. In addition, the company’s profit forecast for the next three years from 2020 to 2022 will be reduced by 47%, 17% and 5% respectively to reflect the factors that the marketing cost exceeds the expectation.