According to Techcom Financial, the 2024 Beijing Top 100 Private Enterprises List, organized by the Beijing Federation of Industry and Commerce, has been announced. In the 2024 Beijing Top 100 Private Enterprises Cultural Industry List, Wanka Online (01762)'s controlling subsidiary - Joyy Times Culture Media (Beijing) Co., Ltd achieved an excellent ranking of 48th place.

In the selection of the Top 100 Private Enterprises Cultural Industry List, the evaluation indicators focus on social benefits such as enterprise public cultural services and tax contributions, as well as economic benefits such as cultural business income, net assets, net income, etc. Wanka Online's main business is in mobile game marketing. The cultural elements and narratives in games are one of the experiences that players seek, also serving as an important medium for the global dissemination of Chinese culture. Efficient game marketing is a key method for cultural communication and exchange.

Financial Performance: Revenue in the first half of the year increased by 17.7% year-on-year.

Regarding financial performance, as per the 2024 first-half annual report, Wanka Online achieved a revenue of 1.232 billion yuan, a year-on-year increase of 17.7%; gross profit of 0.137 billion yuan, and a net income of 46.99 million yuan, corresponding to growth rates of 3.2% and 9.2% respectively.

In 2023, Wanka Online established a strategic cooperation with Apple. In 2024, it secured an exclusive distribution partnership in the gaming industry with Honor. As a result, the company has become the only one globally collaborating deeply with six top smart phone manufacturers including Apple, Huawei, Xiaomi, OPPO, vivo, and Honor, possessing an absolute leading advantage in mobile game advertising distribution. Furthermore, in 2023, Wanka Online became the core direct sales service provider for iQIYI, opening up new business opportunities in the video sector and further consolidating its leading position in the digital marketing field.

Technical Advantages: Independent research and development to achieve innovative product iterations.

To reach the peak and grasp the bright moon, you must have a precious sword to slay the dragon.

For many years, Wanka Online has always adhered to strengthening technological research and development, continuously iterated and optimized the technology deployment across various channels. In the first half of 2024, the R&D investment exceeded 30 million RMB, an increase of 11.9% year-on-year.

The company's independently developed core technological products, such as the mobile advertising platform "Wanka Smart Star", the all-in-one marketing SaaS management platform "Wanka Focus投", the specialized fast application data statistical analysis tool "Quicking Data Statistics", and the data value mining focused "Quicking Data", have all integrated AI technology. By establishing an AI intelligent system, it can quickly adapt to the needs of different customers and market changes.

In 2024, Wanka Online was awarded the title of "Fengming Plan High Growth Enterprise". In November 2023, it continued to be recognized as a "Beijing High-tech Enterprise" and a "Beijing Specialized, Special, and New Enterprise". In April 2023, it won the "AI Golden Goose Award for Outstanding Contribution to the Artificial Intelligence Industry", and Chairman Gao Dainan won the "AI Golden Goose Award for Outstanding Elite". These honors not only recognize the company's business strength but also affirm its contributions to technological innovation.

Social Contribution: Initiator and Operator of the "Three Major Alliances"

Wanka Online is an important part of the public cultural service infrastructure in the era of mobile internet, having successively initiated and operated the "Hardcore Alliance", "Fast Application Alliance", and "Gold Standard Alliance". Based on its development history and industry resources, the company has connected the ecological circles of mobile terminals, smart hardware, and software applications domestically and internationally, serving as not only a communicator for win-win industry cooperation but also a setter of industry standards.

In the second half of 2024, the Hardcore Alliance, Fast Application Alliance, and Mobile Intelligent Terminal Ecological Alliance (also known as the Gold Standard Alliance) will all host a series of industry exchanges, technical development conferences, and developer salons, dedicated to improving communities and technological ecosystems, enhancing industry influence, meeting various R&D and operational needs of ecosystem participants, and laying a solid foundation for the company's long-term development.

Objectively speaking, as a mobile internet technology company, the company has demonstrated admirable business resilience and strategic vision. The public utility contributions towards ecological construction mentioned above happen to also benefit the company's performance, forming an irreplaceable competitive moat and constructing a secure barrier for sustainable development.

The road is long and winding, with a heart as firm as iron. Today, we take a step forward and start anew. Being selected for the "Top 100 Private Enterprise Culture Industry", marks a milestone as well as a new starting point. Looking ahead, Wanka Online will continue to uphold the development concept of "technology is king, innovation-driven", constantly enhancing its core competitiveness. Further deepening cooperation with major smart phone manufacturers, optimizing advertising placement strategies, improving traffic monetization efficiency, and contributing greater efforts to promote the prosperity and development of the cultural industry.