联交所最新资料显示，11月13日、10月29日，Kunlun Group Limited增持映宇宙500、250.9万股，每股作价1.37、1.02港元，总金额约为684.85、256.17万港元。增持后最新持股比例上升至11.15%。昆仑万维旗下AI短剧平台SkyReels将于12月10日正式在美国上线，标志着昆仑万维在全球AI娱乐市场的进一步扩张，同时也将为北美观众带来全新的智能短剧体验。Soochow Securities released a research report stating that Inkeverse (03700) still has a high cost-performance ratio at the current position, maintaining a "buy" rating. Kunlun Tech has recently continued to increase its shareholding in Inkeverse, raising its ownership stake to 11.15%. Kunlun Tech's AI short drama platform SkyReels, will be launched in the USA on December 10, further expanding the global AI entertainment market. Inkeverse has a solid fundamental and promising growth in new businesses, achieving a revenue of 3.5 billion in 24H1, a 13% year-on-year increase, with outstanding performance in the short drama sector. The company has abundant cash reserves and plans to invest in cryptos to optimize asset allocation and promote the development of WEB3.0 business.
The main viewpoints of soochow securities are as follows:
The company recently received increased shareholding from Kunlun Tech.
Recent data from the Hong Kong Stock Exchange shows that on November 13 and October 29, Kunlun Group Limited increased its stake in Inkeverse by 5 and 2.509 million shares, at prices of 1.37 and 1.02 HKD per share, totaling approximately 6.8485 and 2.5617 million HKD. After the increase, the latest shareholding ratio rose to 11.15%. Kunlun Tech's AI short drama platform SkyReels will officially launch in the USA on December 10, marking Kunlun Tech's further expansion in the global AI entertainment market and bringing a brand-new Asia Vets short drama experience to North American audiences.
Bullish on the company's performance since early November, the current viewpoint is reaffirmed:
The company's fundamentals are solid, and new business growth is worth anticipating. In H1 2024, the company achieved 3.5 billion in revenue, a year-on-year increase of 13%. The live streaming business contributes stable cash flow. The short drama field continues to consistently output high-quality hits, with related entertainment content business revenue in H1 2024 increasing by 36% year-on-year to 0.6 billion yuan. As of August 2024, Inkeverse has produced over 600 micro-dramas, including more than 70 hit dramas, reaching over 0.4 billion users, with hundreds of billions in views. The overseas business is advancing steadily, continuously deepening the application of cutting-edge technologies like AI in business scenarios, expanding product coverage and penetration rate, and continuously creating a matrix of vertical products to enhance user experience.
The abundant cash on hand makes investing in cryptos likely to further optimize asset allocation.
As of 2024/6/30, the company's cash on hand is approximately 2 billion yuan, providing adequate financial support for overseas business expansion and innovative business development. Previously, the company announced a potential purchase of cryptos, with a total amount not exceeding 0.1 billion USD, which is expected to better promote the development of the company's WEB 3.0 business.
