July 25, 2017 1:23 PM ET

Software

Company Overview of 37 Interactive Entertainment (Shanghai) Technology Co., Ltd.

Company Overview

37 Interactive Entertainment (Shanghai) Technology Co., Ltd. engages in the development, operation, and promotion of browser and mobile games. The company publishes and operates games in various genres ranging role-playing, strategy, and simulation to sports and casual. It also develops an entertainment platform for movie production, animation making, online live streaming, and VR technology development. The company was founded in 2011 and is based in Shanghai, China with branches and offices in Beijing, Guangzhou, and Hong Kong; Taiwan; South Korea; and North America.

8F, Lan Tian Chuang Ye Plaza

No.655 Yinxiang Rd

Jiading

Shanghai,  201802

China

Founded in 2011

Key Executives for 37 Interactive Entertainment (Shanghai) Technology Co., Ltd.

Founder and President
Compensation as of Fiscal Year 2017.

37 Interactive Entertainment (Shanghai) Technology Co., Ltd. Key Developments

37 Interactive Entertainment Announces Earnings Results for the First Quarter of 2017; Provides Earnings Guidance for the First Half of 2017

37 Interactive Entertainment announced earnings results for the first quarter of 2017. The company totaled revenues of RMB 1.619 billion, up 36.28% from last year, among which the total net profit of shareholders was RMB 433 million, up 104.99%. It's noteworthy that the aforementioned rapid growth of net profit was generated alongside a steady growth of revenue. 37 Interactive Entertainment made its profit margin approximately 20.13% in fourth quarter of 2016; 26.74% first quarter of 2017. In other words, the rapid growth of the company's net profit comes from its excellent profitability, instead of expansion or investments. The company provided earnings guidance for the first half of 2017. The company is anticipated in the report that the company will have a total net profit that ranges from RMB 820 million (up 68.72%) to RMB 880 million (up 81.07%) in the first half of 2017.

37 Interactive Entertainment Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Year 2016

37 Interactive Entertainment reported earnings results for the third quarter and nine months ended September 30, 2016. For the quarter the company had total revenue of RMB 1.24 billion, up 10.43%, among which the total net profit of shareholders was RMB 266 million, up 93.36%. For the nine months, total revenue was RMB 3.69 billion, up 12.12%, among which the total net profit of shareholders was RMB 752 million, up 112.52%. The estimated total net profit of shareholders in 2016 is RMB 950 million to RMB 1.05 billion, an increase of 87.47% to 107.5% on the prior corresponding period.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 6, 2016
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