V1 Group Limited, Board Meeting, Mar 27, 2015
Mar 17 15
V1 Group Limited, Board Meeting, Mar 27, 2015. Agenda: To consider and approve the final results of the Company and its subsidiaries for the year ended 31 December 2014 and its publication; and to consider the recommendation of a final dividend, if any.
V1 Group Limited Provides Group Earnings Guidance for the Year Ended December 31, 2014
Jan 16 15
V1 Group Limited provided group earnings guidance for the year ended December 31, 2014. It is estimated that the Group will still record a loss attributable to owners of the company for the year ended December 31, 2014. However, the Board estimated that the segment results of the mobile game business and the lottery-related business will have a significant increase for the year ended December 31, 2014 as compared to that for the year ended December 31, 2013. The estimated increase is mainly attributable to, among others, the strong financial performance of the Group 's mobile game business which was driven by the success of its self-developed game and publishing distribution platform after its successful business transitioning process as well as prudent cost control management; and the success of various promotional campaigns launched by the Group during the year making the lottery-related business of the Group continue the pattern of high growth in the year.
V1 Group Limited Appoints Gong Zhankui as Independent Non-Executive Director and Chairman of Corporate Governance Committee and Member of Audit Committee, Remuneration Committee and Nomination Committee
Nov 28 14
V1 Group Limited announced that Prof. Gong Zhankui has been appointed as an independent non-executive director as well as the chairman of corporate governance committee and member of audit committee, remuneration committee and nomination committee of the Company with effect from 28 November 2014. He is now a professor of Nankai University.
V1 Group Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Revenues Guidance for the Fourth Quarter of 2014
Nov 17 14
V1 Group Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, total net revenues were RMB 357,648,000 against RMB 98,056,000 a year ago. The sequential increase was mainly due to the continued success of self-developed game, Joyful Da Yin Jia, as well as games in its publishing business, including the success of Super Hero. Operating income was RMB 73,253,000 against operating loss of RMB 1,856,000 a year ago. Income before income taxes and non-controlling interests was RMB 74,834,000 against RMB 24,910,000 a year ago Net income attributable to company’s ordinary shareholders was RMB 75,530,000 or RMB 2.30 per diluted ADS against 24,925,000 or RMB 0.98 per diluted ADS a year ago. Net cash used in operating activities was RMB 62,679,000 against RMB 4,840,000 a year ago. Income from operations was RMB 80,902,000 against RMB 2,605,000 a year ago. Net income was RMB 82,841,000 against RMB 24,890,000 a year ago. Diluted earnings per ADS were RMB 2.54 against RMB 0.98 a year ago.
For the nine months, total net revenues were RMB 846,943,000 against RMB 58,268,000 a year ago. Operating income was RMB 154,478,000 against RMB 33,201,000 a year ago. Income before income taxes and non-controlling interests was RMB 166,005,000 against loss before income taxes and no controlling interests of RMB 7,647,000 a year ago. Net income attributable to company’s ordinary shareholders was RMB 164,693,000 or RMB 5.17 per diluted ADS net income attributable to company’s ordinary shareholders of RMB 11,144,000 or RMB 0.42 per diluted ADS a year ago. Net cash used in operating activities was RMB 86,421,000 against RMB 7,166,000 a year ago. Income from operations was RMB 173,946 against loss from operations of RMB 19,488 a year ago. Net income attributable to the company was RMB 184,161 against RMB 2,569 a year ago. Diluted earnings per ADS were RMB 5.78 against RMB 0.23 a year ago.
For the fourth quarter of 2014, the company expects its total revenues to be between RMB 380 million and RMB 400 million. This forecast reflects CMGEs current and preliminary view on the estimated performance of its game portfolio and on the market and operational conditions, which may fluctuate and are subject to change.