Kunlun(SZ:300418)2022-11-22 03:01Group 1: Company Overview - Kunlun Wanwei aims to become a leading global internet platform company, providing social, information, and entertainment services to users worldwide [2] - The company operates five major business segments: Opera, Star Group, GameArk, Xianlai Entertainment, and technology equity investment [2][3] Group 2: User Base and Market Reach - The company's products cover over 400 million monthly active users globally, with Opera having 380 million monthly active users, making it a top traffic platform in Europe and Africa [3] - Star Group is a leading player in overseas audio entertainment, second only to TikTok in revenue scale [3] Group 3: Financial Performance - Since its IPO in 2015, the company has generated a cumulative net profit of 9.23 billion CNY, with a compound annual growth rate of 65% [3] - In 2020, the net profit attributable to shareholders was 4.993 billion CNY, a year-on-year increase of 285% [3] - The company maintains a high gross margin of around 80% [3] Group 4: Revenue Composition and Future Goals - The current revenue composition is 44% from gaming, 45% from social, and 1% from advertising [3] - The company aims to achieve over 10 billion CNY in revenue within the next 3-5 years, with Opera and Star Group each contributing 35%, and GameArk and Xianlai contributing 15% each [3] Group 5: Recent Developments and Strategic Investments - The company established the Kunlun Internet Smart Industry Investment Fund, holding 48.08% equity, with a fund size of 2.1 billion CNY [4] - Recent investments include DADA, which went public in the US, and Pony AI, which has a valuation exceeding 5.3 billion USD [4] Group 6: Business Highlights and Innovations - Opera's monthly active users grew by 16 million year-on-year, with a 38% increase in core search and advertising business [6] - Star Group achieved 620 million CNY in revenue in 2020, a year-on-year increase of 216% [6] - Xianlai Entertainment plans to launch a senior-friendly version of its gaming platform in May 2021, targeting the elderly demographic [8]