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    9911   KYG6464H1011

NEWBORN TOWN INC.

(9911)
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Delayed Hong Kong Stock Exchange  -  05/24 04:08:14 am EDT
2.610 HKD   -2.61%
05/20Chairman Ups Stake in Newborn Town
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05/19Chairman Boosts Stake in Newborn Town
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05/18Newborn Town Chairman Raises Stake to Over 26%
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EQS-News : Newborn Town 1H2021 revenue expected to exceed 1 Billion with YoY growth of 575%

07/08/2021 | 10:28pm EDT
EQS-News / 09/07/2021 / 10:27 UTC+8 
Newborn Town 1H2021 revenue expected to exceed 1 Billion with YoY growth of 575% 
 
On 9 July, Newborn Town Inc. (9911.HK), China's top social networking enterprise going global announced its latest 
unaudited operating figures. The Company has further expanded its global user base and expected strong growth in 
revenue for the first half of 2021 after continuous investment in audio and video social applications, and mobile game 
applications. 
 
Expected increase of over 575% YoY for 1H2021 revenue; and over 50 folds YoY increase for value-added service revenue 
 
In 1H2021, value-added service revenue will reach RMB 810 to 840 million, an increase of over 50 folds year-on-year and 
accounted for approximately 80% of the total revenue. According to the 2020 annual report, the Group's value-added 
services include live-streaming rewards, chat duration purchase, membership subscription, advanced function purchase, 
etc. As the social networking business grows rapidly, value-added services have generated exponential growth for the 
Group. 
 
The revenue of traffic monetization business has been another revenue stream. The segment is expected to grow 
substantially by over 50% year-on-year, reaching RMB 205 to 225 million. 
 
The overall revenue in 1H2021 is expected to reach RMB 1,015 to 1,065 million, an increase of over 575% year on year, 
which is close to the total revenue of 2020. 
 
Penetrating into the high-value market with 18.23 million of average Monthly Active Users (MAU) for social networking 
apps 
 
The revenue growth has been the result of growing user base and effective traffic monetization. According to the 
announcement, the average MAU of the social networking apps increased to 18.23 million during the second quarter of 
2021. The Group's average MAU of 1H2021 increased by over 38% compared with 2H2020. 
 
Since 2015, Newborn Town Inc. has been focusing on the global social networking market. It has successfully developed a 
competitive product portfolio of audio and video social networking apps, such as Yumy, Yiyo, MICO and YoHo, and 
launched the products in several markets including the Middle East, North America, South East Asia and South Asia, etc. 
In the 2020 annual report, the Group proposed to make roads into the markets with abundant high value users, such as 
Europe, Japan and Korea, in order to enhance its strategic layout in the global social networking market. 
 
According to the operating figures of second quarter, the Group's development strategies achieved remarkable results. 
MICO ranked top 20 of the Best-Selling Social Applications in the US and top 10 of the Best-Selling Social Applications 
in Switzerland, Belgium, Canada and various European and American countries. YoHo also ranked top 10 of the 
Best-Selling Social Applications in Portugal, Denmark, Austria, etc. 
 
Conclusion: Newborn Town Inc. is experiencing rapid growth with promising performance 
 
Newborn Town Inc. is exploring the overseas markets in full swing, creating appropriate products to suit the needs of 
various market with the help of localized teams, and constructing a long-lasting social networking ecosystem to 
monetize users' values. 
 
At the same time, the Group is expanding to different vertical markets, such as developing the mid- to hard-core mobile 
games. As the user base grows further and the social networking business develops rapidly, we can look forward to the 
financial performance of Newborn Town for 2021. 
 
09/07/2021 Dissemination of a Marketing Press Release, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
Media archive at www.todayir.com
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1217020&application_name=news 
 

(END) Dow Jones Newswires

July 08, 2021 22:27 ET (02:27 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL 0.15% 31928.62 Real-time Quote.-12.27%
NEWBORN TOWN INC. -2.61% 2.61 Delayed Quote.-27.57%
All news about NEWBORN TOWN INC.
05/20Chairman Ups Stake in Newborn Town
MT
05/19Chairman Boosts Stake in Newborn Town
MT
05/18Newborn Town Chairman Raises Stake to Over 26%
MT
05/11Newborn Town Chairman Lifts Stake in Firm; Shares Rise 3%
MT
03/31Newborn Town Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
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03/08Newborn Town Inc. Provides Earnings Guidance for the Full Year 2021
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03/07Newborn Town Forecasts up to Nearly $63 Million in 2021 Loss; Shares Plunge 8%
MT
02/06Newborn Town Nets $44.5 Million From Top-Up Placement; Shares Slide 3%
MT
01/24Newborn Town Raising $45 Million for Platform Upgrades, Business Expansion
MT
01/18Newborn Town Inc. Provides Earnings Guidance for the Year 2021
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Financials
Sales 2022 3 200 M 481 M 481 M
Net income 2022 304 M 45,8 M 45,8 M
Net Debt 2022 - - -
P/E ratio 2022 8,73x
Yield 2022 -
Capitalization 2 704 M 407 M 407 M
Capi. / Sales 2022 0,85x
Capi. / Sales 2023 0,60x
Nbr of Employees 554
Free-Float 48,9%
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Number of Analysts 2
Last Close Price 2,27 CNY
Average target price 3,64 CNY
Spread / Average Target 60,2%
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Managers and Directors
Ping Li Chief Executive Officer & Executive Director
Chun He Liu Chairman
Shujin Chi Independent Non-Executive Director
Sichen Huang Independent Non-Executive Director
Ming Gao Independent Non-Executive Director
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