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a8 new media group ltd (800) Details

A8 New Media Group Limited, an investment holding company, provides digital entertainment services in the People’s Republic of China. The company offers music-based entertainment services and game related services. It also develops computer software; provides technical and management consultancy services, and telecommunications instant messaging and value-added services, as well as holds music patents and licenses; and produces live music shows and music channels. The company was formerly known as A8 Digital Music Holdings Limited and changed its name to A8 New Media Group Limited in June 2014. A8 New Media Group Limited is headquartered in Shenzhen, the People’s Republic of China.

122 Employees
Last Reported Date: 09/1/16

a8 new media group ltd (800) Top Compensated Officers

Founder, Chairman, Chief Executive Officer, C...
Total Annual Compensation: CNY307.0K
Company Secretary and Executive Director
Total Annual Compensation: CNY1.0M
Compensation as of Fiscal Year 2015.

a8 new media group ltd (800) Key Developments

A8 New Media Group Limited Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016

A8 New Media Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the six months, the company's revenue, net of business tax was RMB 91,645,000 compared to RMB 66,605,000 a year ago. Profit before tax was RMB 19,698,000 compared to RMB 10,272,000 a year ago. Profit was RMB 16,348,000 compared to RMB 5,521,000 a year ago. Profit attributable to owners of the company was RMB 16,350,000 compared to RMB 5,834,000 a year ago. Diluted earnings per share attributable to ordinary equity holders of the company was 0.9 cent compared to 0.4 cent a year ago.

A8 New Media Group Limited Announces Executive Changes

The board of directors of A8 New Media Group Limited announced that with effect from 1 September 2016, Mr. Liu Pun Leung will cease to be the Chief Financial Officer of the company and Mr. Lin Qian will be appointed as the Chief Financial Officer of the company. Prior to joining the company, he was a senior auditor at Ernst & Young from October 2006 to October 2009 and an investment manager at Shanghai Dong Fang Hui Jin from October 2009 to May 2011. He was also a vice president of the investment banking department at Hua Tai United Securities Co. Ltd. from May 2011 to June 2014 and a director at CVCapital from June 2014 to August 2016. Mr. Lin has over 10 Mr. Liu will remain as the Executive Director, Company Secretary and one of the Authorised Representatives under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited of the company after he ceases to be the Chief Financial Officer on 1 September 2016.

A8 New Media Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2016

The board of directors of A8 New Media Group Limited informed the shareholders of the company and potential investors that, based on the preliminary information currently available from the unaudited consolidated management accounts of the company, the Group is expected to record a significant increase in the profit of the company for the six months ended 30 June 2016 of not less than 100% as compared to the corresponding period in 2015, which the Group had recorded a profit amounted to approximately RMB 5.5 million. But the specific amounts are yet to be confirmed. The significant improvement of the Group's profit was mainly due to the combined effect of increase in recognition of deferred game related revenue and cost savings due to the effective cost control activities implemented during the period.


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