Hong Kong, Aug 29, 2023/Media/ -- On August 28, 2023, mobile internet eco-service provider Whirlpool One United Limited (1762.HK) (hereinafter referred to as “Universal”) released its interim results for the six months ended 30 June 2023.
In the first half of 2023, Universal Revenue generated revenues of RMB 10.47 million (RMB, below) and gross profit of $1.33 million; Adjusted EBITDA and Adjusted Net Profit of RMB7,230 million and US$5.311 million, respectively; Cash and Banking revenues of US$5.50 million and net assets of US$14.26 million.
During the reporting period, the company's mobile advertising business generated revenue of $10.26 million, and revenue from game communications, network video distribution and software maintenance services amounted to $174 million, $524 million and $1.429 million, respectively.
In the first half of 2023, the domestic economy gradually warmed up and market demand recovered. THANKS TO ALGORITHMIC OPTIMIZATION AND BUSINESS INNOVATION OF THE INTERNET PLATFORM, THE MOBILE INTERNET USAGE OF EXISTING USERS CONTINUES TO INCREASE, USER ACTIVITY IS FURTHER INCREASED, AND THE INTERNET ADVERTISING MARKET HAS RESUMED GROWTH SINCE 2023Q2.
As a smart service partner in the mobile Internet ecosystem, Universal is committed to a solid business strategy, focusing on core business development, staying customer-centric, technology-driven, innovation-driven, continuously optimizing mobile distribution services, enhancing customer experience and satisfaction, further enhancing customer loyalty and loyalty Integrity; while increasing the building power of the business ecosystem to increase the competitiveness and influence of the company, multidimensionality empowers smartphone manufacturers, advertisers and content developers to facilitate a broader ecosystem of connected and efficient integration, driving the high-quality development of the mobile Internet ecosystem.
Continue to build the mobile internet ecosystem Realize value symbiosis
At present, with the change of domestic and foreign market environment, domestic users continue to improve the favorability for smartphones, which is a new round of opportunity for mobile Internet ecological participants.
But with the gradual decline of user bonuses, the smartphone market enters a new cycle of providing users with a more personalized experience in search of self-worth breakthroughs that will become the consensus of the industry. For advertisers, more precise crowd targeting, casting strategies, and intuitive casting effects are a must.
The popularity of the Internet, so that the value of online advertising is recognized by many enterprises, but also spawned out many different Internet advertising channels, but the decentralized link cost is too high, the effect is limited. Wanka Union as a mobile Internet ecosystem service provider, Internet precision marketing service provider, together with the hardcore alliance, fast application ecological branch and mobile intelligent terminal ecological alliance, continue to build Android collaborative ecology, solve all links pain points, deepen participants' cooperative relationship, to achieve value connection.
In the first half of 2023, Wanke eLian continued to promote the construction of mobile Internet ecosystem through the panoramic mode of channel+content+ecological; through the combination of software, hardware, technology and commercial ecology, to provide users with more diversified products and services, together explore the rich ecological experience; at the same time, the company It is also taking advantage of the channels accumulated over the years, gathering more ecosystem participants, and working together to expand the ecological content to build a diversified mobile Internet ecosystem.
As the Secretariat and Operator of the EcoAlliance, Universal is constantly exploring ecological experiences and unearthing community values.
As one of the influential organizers in the gaming industry, the Hardcore Alliance owns an ecosystem of domestic smartphones co-created. IN 2023, THE HARDCORE ALLIANCE WILL INTRODUCE A SUPPORT POLICY FOR SMALL GAMES — QUALITY SMALL GAMES ON THE PLATFORM WILL RECEIVE RESOURCE EXPOSURE SUPPORT WITHIN THE SMALL GAME APP AND MOBILE SYSTEMS TO HELP DEVELOPERS GAIN ACCESS TO THE GAME FROM THE START AND PROMOTE THE GAME'S UPSTREAM ACTIVITY. In the future, the Hard Core Alliance will continue to drive capacity openness, enhance the value of channels, and enhance the integrated value of game collaboration.
At the same time, the company joined hands to quickly apply ecological branch members to enhance ecosystem functionality, build and complement the underlying capabilities of different devices, making fast applications more standardized and high-quality experiences. Host multiple salon events for App Developers to listen to and solve problems faced by developers, and discuss new models and new directions for rapid application commercialization with developers. The Quick Application Ecology Branch's dedicated groups are also continuing to develop and explore applications on different smart devices with a view to bringing more functionality to expand.
The company is committed to being a trusted business partner for smart services, working hand in hand with ecological participants to explore ecological value to promote healthier and more stable development of the industry. In the first half of this year, the company organized multiple exchanges and support programs with members of the Hard Core Alliance, the Rapid Application Ecosystem and the Mobile Smart Terminal Ecoalliance to ensure an efficient channel of communication between ecosystem participants.
Actively embracing new technologies Continuous innovation and breakthroughs
At the end of February this year, the State Council issued the “overall layout plan of digital China construction”, for China's digital integration into the economic and social development of various fields laid a policy foundation, digital China construction will also enter the “fast lane”. After the launch of the plan, innovative technologies that are inseparable from the digital economy are also hot, including AIGC, Web3.0 and Metaverse.
The combination of AIGC, Web3.0 and the metaverse three is expected to deepen the development of our digital economy and jointly promote the acceleration of digital China. As a result, the discussion of innovative technologies, the promotion of digital development and regulation has become a topic of common focus for government and industry. Since this year, Hong Kong has established the Web3.0 Association and established the Web3Hub Fund; Wuzhen 2023 Metaverse Co-founding Conference; Global Metaverse Congress and Digital China Technology Week were held; the National Supercomputing Internet Work Launch, organized by the Department of Technology, launched the National Supercomputing Internet Consortium...
It is worth mentioning that at the launch ceremony of the Hong Kong Web3.0 Association, Mr Li Ka-chui, the Chief Executive of the HKSAR, said that the development of Web3.0 is at the golden starting point, and Hong Kong should dare to be the leader of the wave of innovation. The Hong Kong Government is actively directing an influx of capital and technology into Hong Kong, enabling the Web3.0 industry to lead Hong Kong's next growth.
As a part of the mobile Internet ecosystem participant in Hong Kong listed companies, Universal will actively embrace the repeated updates of pan-AI related technologies, continuously strengthen R&D and optimize technology capabilities, and promote the efficient use of the AIGC tools and empower business development.
Games are an important part of the digital economy and an important carrier of cultural creativity. With the acceleration of digital transformation, game technology continues to break circles and cross boundaries. Since this year, the Chinese gaming industry has gradually warmed up, sales revenue has grown significantly, and the size of users is also constantly expanding. In the first half of the year, domestic gaming users reached 6.68 billion, a new all-time high. Management departments, industries and institutions are paying more attention to the role of games as a carrier in the transmission of social values, promoting the high-quality development of the game industry. The domestic game market is gradually moving towards maturity.
The maturity of the industry means increased competition. According to the relevant agencies, a pile of 100 products will appear in the second half of 2023. This will also lead to further growth in the game advertising business. GAME VENDORS ARE CONSCIOUSLY INCREASING THEIR MARKETING INVESTMENT IN ORDER TO GAIN MORE EXPOSURE. This places higher demands on product content quality, technical strength, and value expansion.
On the basis of continuing to maintain the ecological health of the industry, Universal is focusing more on building its own ecological operations, especially with deep collaboration with mobile gaming customers.
After a business realignment in 2022, in the first half of this year, Universal will focus its efforts on mobile distribution, especially those related to the gaming category. We provide customers with more accurate casting services, create popular creative marketing materials, help customers run the gaming community, and more. We provide our customers with a high-quality one-stop operation strategy.
Game advertising also speaks of the content is king. Game material itself is the foundation of quality advertising, the production of material is the premise and important link of game advertising. Based on the AI business service platform and creative material team, Wanhua YileUnion also researches and develops creative materials efficiently through generative AI technology to optimize the creative cost structure and enhance the creative effect. Diversity empowers ecological construction and helps the realization of ecological value.
In the second half of the year, as consumption continues to grow, the Internet advertising market will also see a new round of growth. Universal will focus its industry-leading resources, expand its business scale, work with alliance members and partners to continuously improve and strengthen the community ecosystem, and safeguard the shared health of companies and industries.
“In this time of opportunity and challenge, we believe that as long as everyone is united, driven forward, constantly improving and innovating, we will be able to achieve our vision and mission and contribute to the development of our industry. The company will finally welcome the return of value.