Understanding the Market | VOBILE GROUP rises over 8% as the company's subscription and value-added services grow rapidly, embracing AI to gradually improve operational efficiency
VOBILE GROUP's stock price rose by more than 8%, with an increase of 8.5% as of the time of publication, trading at HKD 3.83, with a transaction volume of HKD 86.0189 million. The company plans to issue HKD 98.8 million of convertible bonds to Ping An International Investment Management Co., Ltd., with an initial conversion price of HKD 3.80. The proceeds will be used for the development of artificial intelligence-generated content-related businesses, repayment of loans, and general working capital. China Merchants Securities expects the company's operating revenue to reach 2.803 billion, 3.531 billion, and 4.480 billion yuan from 2025 to 2027, with net profit attributable to the parent company expected to be 186 million, 251 million, and 342 million yuan, respectively
According to Zhitong Finance APP, VOBILE GROUP (03738) rose over 8%, with an increase of 8.5% as of the time of writing, trading at HKD 3.83, with a transaction volume of HKD 86.0189 million.
In terms of news, VOBILE GROUP recently announced that on May 16, the company plans to issue convertible bonds with a principal amount of HKD 98.8 million to investors (Puyin International Investment Management Co., Ltd.). The initial conversion price of the convertible bonds is HKD 3.80, which is approximately 11.11% higher than the closing price on May 16; the new shares to be converted account for 1.12% of the expanded share capital. 65% of the net proceeds will be used to develop and invest in artificial intelligence-generated content (AIGC) related businesses, 10% will be used to repay interest-bearing loans, and 25% of the net proceeds will be used for general working capital purposes to promote the group's operational activities.
China Merchants Securities pointed out that in recent years, the company has adhered to a subscription service-based business model, providing long-term stable services to top global content providers and maximizing IP property value through various value-added services. With the continuous development of AIGC technology, the company is keeping pace with the times, and its business scale is expected to grow rapidly. Considering the rapid growth of the company's subscription and value-added businesses and its proactive embrace of AI to gradually enhance operational efficiency, the firm expects the company to achieve operating revenues of 2.803 billion, 3.531 billion, and 4.480 billion yuan, and net profits attributable to the parent company of 186 million, 251 million, and 342 million yuan for the years 2025-2027, respectively
