Alpha Animation & Culture's semi-annual report results dropped by 50%. The game, film and television business all dropped by more than 40%.

​ yesterday, Alpha Animation & Culture (002292) disclosed that the company's operating income in the first half of 2017 was 1.779 billion yuan, an increase of 17.20 percent over the same period last year, and its net profit was 135 million yuan, down 53.8 percent from the same period last year. The company said that the decline in the first half of the year was mainly due to a sharp decline in investment income compared with the same period last year, as the game business fell short of expectations and some products were delayed, resulting in a decline in revenue from the game business.

yesterday, Alpha Animation & Culture (002292) disclosed that the company's operating income in the first half of 2017 was 1.779 billion yuan, an increase of 17.20% over the same period last year, and its net profit was 135 million yuan, down 53.80% from the same period last year. The company said that the decline in the first half of the year was mainly due to a sharp decline in investment income compared with the same period last year, as the game business fell short of expectations and some products were delayed, resulting in a decline in revenue from the game business. However, the company stressed that the pan-entertainment industry-wide chain platform with IP as the core has promoted the sustained and steady growth of the company's operating income.

from the perspective of specific business, Alpha Animation & Culture's core source of income, animation and toy business, achieved 803 million yuan in revenue in the first half of the year, an increase of 4.23% over the same period last year. On the other hand, the game and film and television business declined by a large margin, with revenue from the game category falling by 41.56% compared with the same period last year, and revenue from the film category by 40.46%. The company said it will continue to optimize the organizational structure, improve operational efficiency, promote film and game linkage, and strengthen the profitability of the game sector.

the baby business achieved revenue of 489 million in the first half of the year, an increase of 565.32% over the same period last year, which is the company's fastest growing business in the first half of the year. The brand recognition of the company's Aobei and Baby Trend has been greatly improved, and outstanding achievements have been made in the expansion of channels and categories. The number of domestic mother-to-child cooperation channels has increased by more than 40% month-on-month. Overseas, the company maintains long-term and stable cooperation with Wal-Mart and Amazon. The company will continue to deepen the strategy of integration and sharing of baby industry brand, IP, technology and channels, upgrade the mother-to-child industrial chain, and increase the global market share.

in the field of children's animation IP, the total number of core IP webcasts such as Super Flash, Pleasant Goat and Grey Wolf, Barala Little Devil Fairy and Giant Warriors has exceeded 75 billion times. In the second half of the year, the company will promote the release of new preschool and hero animation films and a number of animation sequels to consolidate the continuous operation ability of IP. In the fields above K12, the company promotes light assets and industrial cooperation model, speeds up the pace of IP development, and works with the market to build high-quality IP operation capabilities.

as the A-share" first animation stock ", Alpha Animation & Culture once received great attention from the market in 2015 and before, and its market capitalization exceeded 70 billion yuan at its peak in 2015. Two years later, the company did not give the rapid growth performance expected by investors, the stock price is no longer prosperous, and the latest market capitalization is only a little over 20 billion yuan. Especially in the last year, the company's share price has fallen nearly 50%. At the shareholder level, the shareholdings of the two combinations 413 and 417 of the Social Security Fund remain unchanged, but the Kuwait Government Investment Agency has been among the top 10 shareholders of Alpha Animation & Culture since it first appeared in the first quarter of this year. In the second quarter, it further increased its stake by 1.6007 million shares to 9.1223 million shares, which currently account for 0.70% of the total share capital. In addition, Shanghai Huamin Real Estate (Group) Co., Ltd. entered the top 10 shareholders for the first time, accounting for 0.47% of 6.1145 million shares. On the other hand, Shanghai Yingqu Network Technology Partnership (Limited Partnership) reduced its stake by 1.0686 million shares in the second quarter.

Edit: mary