Mr. Liu Chunhe, Chairman of New child Town Inc.: New child City will concentrate on social networking company even though MAU will be doubled in 2021
On 25th March, Newborn City Inc. (09911.HK) (the Corporation) held an on the web meeting introducing the Company’s fiscal and operational effectiveness in 2020 and strategy of progress in 2021, and answering thoughts from shareholders and investors. The major administration including Mr. Liu Chunhe, the Chairman and CEO, and Mr. Li Ping, the President, were present at the conference.
Newborn Town Inc. is a heading-world wide net corporation from China, whose main business enterprise is video clip and voice-chat social networking programs. The Firm also explores mobile activity application improvement. Its market coverage proceeds to increase all over the globe.
On the conference, Mr. Liu Chunhe launched the main fiscal overall performance of Newborn City Inc. in 2020: As of 31 December 2020, its overall revenue achieved RMB1,181.6 million, with a year-on-yr advancement of 203.2{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4}.
Thereinto, earnings of in-application purchase was RMB657.5 million, with around 55-fold increase yr-on-year, accounting for 55.6{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of total earnings. Earnings of in-application visitors monetization organization was RMB511.2 million, with a year-on-year development of 120.3{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4}, accounting for 43.3{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4} of overall earnings.
Earnings for the yr reached RMB114.3 million, with a 12 months-on-calendar year maximize of 67.1{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4}. And the modified internet gain amounted to RMB154.9 million, with a yr-on-12 months increase of 41.5{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4}. Through the 12 months 2020, Newborn City had superb economic functionality, with both equally revenue and profit recording rapid progress.
As identified, Newborn City Inc. took the Middle East, North The us, India, Pakistan and Southeast Asia as its most important markets of social networking business enterprise. Considering that 2020, the Business expanded its target marketplace to Europe, Japan and Korea, which have high possible of users’ value. Now, Newborn Town has a secure presence in the prime 3 likely-world social networking platforms of China.
There are 3 main social networking apps released by the Firm, a online video communication app named Yiyo, a reside streaming social networking app named MICO and a voice-chat social networking app named YoHo.
Yiyo is regarded as ‘a movie edition of Tinder’, which has gathered about 50 million of downloads since introduced and productively entered the top rated 20 most downloaded social networking programs on Google Perform. MICO has bought the very first place in 71 countries and locations in social networking applications downloads rating of Application Store, and entered prime 10 in 84 countries and areas in that ranking of Google Engage in. YoHo has grow to be the leading 2 voice-chat social networking platforms in the Middle East area, and the top 10 ideal-offering social networking purposes on Google Participate in in the Gulf Cooperation Council (GCC).
Through 2020, the Company’s investment decision in R&D arrived at 58.53 million, with a 12 months-on-yr expansion of 188.8{f13b67734a7459ff15bce07f17c500e58f5449212eae0f7769c5b6fbcf4cc0c4}. Mr. Liu Chunhe stated on the meeting, Newborn City would continue to elevate input in merchandise growth, and the financial investment in R&D would be doubled in the 12 months 2021. He also affirmed that the Corporation would retain digging deep in the worldwide social networking subject, building mix of its products and solutions and video clip and audio interacting varieties, launching extra diversified programs for worldwide people.
In the 12 months of 2020, the average month-to-month energetic consumers of the Company’s social networking applications achieved 11.36 million, whilst the average month-to-month active customers of its sport programs achieved 11.51 million.
On the convention, Mr. Liu Chunhe emphasized that Newborn Town would manage its business foothold in the international sector and concentrate on social networking company. He claimed the overall number of monthly active buyers of the Company’s solutions was predicted to be doubled in the year of 2021.
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