37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD.

(002555)
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End-of-day quote Shenzhen Stock Exchange  -  2022-06-23
21.43 CNY   -3.03%
05/2037 Interactive Entertainment Network Technology Group Co., Ltd. Announces Final Dividend on A Shares for the Year 2021, Payable on 27 May 2022
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05/1837 Interactive Entertainment Network Technology Group Co., Ltd. Approves Final Cash Dividend for the Year 2021
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04/2937 Interactive Entertainment Network Technology Group Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
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China ends gaming approval freeze, grants first licenses since July last year

04/11/2022 | 08:39am EDT

(Recasts with China publishing list of approved games, adds pre-trade share prices of NetEase, Bilibili)

HONG KONG, April 11 (Reuters) - China's gaming regulator on Monday granted publishing licenses to 45 games belonging to the likes of Baidu and XD Inc's "Party Star", ending a nine-month long freeze that has dealt a blow to many of the country's tech giants.

The National Press and Public Administration published the list on its website. Reuters reported that China had granted a license to XD "Party Star" earlier in the day.

Other companies whose games received licenses included iDreamSky, 37Games, a subsidiary of G-bits Network Technology Xiamen, Shenzhen Zqgame and Yoozoo Games, the list showed.

U.S.-listed shares of Chinese gaming firms NetEase Inc and Bilibili Inc jumped 8% and 8.6%, respectively, in premarket trading.

Chinese regulators stopped approving game monetisation licences in July last year, impacting heavily the likes of industry giant Tencent Holdings and NetEase and putting thousands of firms in the industry out of business.

The pause coincided with a move by China in August to impose new gaming time limits on under-18s, a stringent social intervention that it said was needed to pull the plug on a growing addiction to what it once described as "spiritual opium".

The freeze was almost as long as an earlier suspension in 2018 when China stopped approving new video game titles over a nine-month period as part of an overhaul of the regulatory bodies that oversee the sector. (Reporting by Josh Ye Writing by Brenda Goh Editing by Kirsten Donovan and Chizu Nomiyama)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD. -3.03% 21.43 End-of-day quote.-20.69%
BAIDU, INC. 3.57% 151.34 Delayed Quote.-1.79%
BILIBILI INC. -0.14% 27.81 Delayed Quote.-39.98%
G-BITS NETWORK TECHNOLOGY (XIAMEN) CO., LTD. 1.29% 383.24 End-of-day quote.-9.15%
IDREAMSKY TECHNOLOGY HOLDINGS LIMITED 4.02% 5.44 Delayed Quote.-16.32%
NETEASE, INC. 3.02% 93.6 Delayed Quote.-10.73%
SHENZHEN ZQGAME CO., LTD 1.04% 23.25 End-of-day quote.-28.81%
TENCENT HOLDINGS LIMITED 2.45% 384.2 Delayed Quote.-17.91%
XD INC. 3.03% 25.5 Delayed Quote.-35.44%
YOOZOO INTERACTIVE CO., LTD. 0.20% 9.96 End-of-day quote.-34.65%
All news about 37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD.
05/2037 Interactive Entertainment Network Technology Group Co., Ltd. Announces Final Dividen..
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05/1837 Interactive Entertainment Network Technology Group Co., Ltd. Approves Final Cash Div..
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04/2637Games' 2021 Profit Rises 4.2% as Revenue Grows 12.6%
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04/12China Grants 45 Gaming Licenses, Ending Nine-Month Approval Freeze
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04/11China ends gaming approval freeze, grants first licenses since July last year
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03/30Wuhu 37 Interactive Entertainment Network Technology Group Co.,Ltd. has Changed its Nam..
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Financials
Sales 2022 19 439 M 2 906 M 2 906 M
Net income 2022 3 303 M 494 M 494 M
Net cash 2022 3 465 M 518 M 518 M
P/E ratio 2022 14,3x
Yield 2022 2,30%
Capitalization 47 179 M 7 053 M 7 053 M
EV / Sales 2022 2,25x
EV / Sales 2023 1,87x
Nbr of Employees 3 996
Free-Float 56,1%
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Technical analysis trends 37 INTERACTIVE ENTERTAINMENT NETWORK TECHNOLOGY GROUP CO., LTD.
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 16
Last Close Price 21,43 CNY
Average target price 30,51 CNY
Spread / Average Target 42,4%
EPS Revisions
Managers and Directors
Wei Wei Li General Manager
Wei Ye Chief Financial Officer & Board Secretary
Yang He Chairman-Supervisory Board
Rui Lu Independent Director
Yang Li Independent Director
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