Menglong Company's first-quarter earnings call. Pen, fun, pavilion www. biquge。 info

Morgan Stanley analyst Timothy Chen: The first question is, why did other companies' wireless value-added revenue decline, while Menglong achieved more than 4 times revenue growth and earnings growth?

Li Dong: "Menglong is the No. 1 enterprise in China's wireless value-added industry, and has achieved a leading position in all business lines. In particular, in the first quarter of 2004, the company has realized the access of all provinces in China to the CRBT service, and cooperated with operators to carry out large-scale marketing activities at the beginning of the year. The growth of revenue data in the first quarter, the CRBT business alone contributed more than 500% of the company's new revenue. We remain optimistic about future revenue growth. According to the current research data, the penetration rate of wireless value-added services of China Mobile users is still only about 30%, and there is still a lot of room for market growth. ”

Bank of America Merrill Lynch analyst Eddie Leung: There are reports that Menglong is about to use a large amount of money to buy property, why is it making real estate investments that are not related to the company's main business at this time?

Li Dong: "Menglong's cash reserves are very sufficient, and the purchase of property is just a financial investment method for the company to save the company's expansion costs in the future. But this investment does not mean that Menglong has a plan to transform. Menglong will continue to focus on China's mobile entertainment value-added service business, and the company will have more mergers and acquisitions and investment plans closely related to its main business in the future. ”

Cynthia Meng, analyst at Jefferies: We noticed that in the first quarter, Menglong underwent a large-scale management turnover, including CTO, CFO, COO and other senior executives, will such drastic personnel changes bring instability to the company?...... That's a question I would like to ask Richard.

Lin Feng: "I'm happy to answer this question. In the announcement, you can also see that most of our new CTO, CFO, COO and CMO are the core personnel of the company's original management team, and they have served the company since the establishment of Menglong Company and are experts in the field of wireless value-added services. The new CFO, Jennifer, is a senior industry professional who will also participate in the meeting today to answer your questions about finance. I believe that the company's new senior management team is more dynamic, innovative and professional, and this management adjustment will not only not bring instability to the company, but will continue to lead the company's rapid development. I have full confidence in that. ”

Wendy Huang, Analyst at Royal Bank of Scotland: I also have a question for Richard, in addition to your current chairmanship as the chairman of the board of directors of Menglong, you are also the CEO and chairman of the board of directors of another Chinese Internet company, Fengxing Online, which now has more than 50% of the download share of its main voice business, ringtones and ringtones, from music websites owned by Fengxing. Is there a possibility of a merger between the two companies in the future? What are your predictions for the future development of Menglong?

Lin Feng: "This question is not convenient to answer at this stage. What I can say is that Menglong will continue to focus on mobile entertainment and wireless value-added services to provide better products and services to more than 300 million mobile users in China. Menglong is now the largest wireless value-added service provider in China and will be the largest mobile entertainment service provider in China in the future. That's it. As for Fengxing Online, it is not on the agenda of this financial reporting meeting. ”

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On the earnings call, Lin Feng, chairman of the board of directors of Menglong, who has long been separated from the company's specific business, personally attended and answered questions.

Li Dong, the new CEO, and Li Mengyuan, the new CFO, can be regarded as peers on Wall Street, one from Goldman Sachs and the other from PricewaterhouseCoopers. They are all senior professionals, and a listed company is managed by these elite professional managers, which is more trustworthy to the capital market than the management of the founders.

Menglong's gorgeous financial report, of course, is not surprisingly reflected in the stock price.

On the day of the earnings release, Menglong's stock price soared 48% from $24.7 to an all-time high of $36.5!

Ye Weiyu calculated the profit in just ten days, and she was very happy.

With a profit of more than 50%, "Maple Leaf Investment" is also a fledgling and has made a good start.

For Lin Feng, this little money is nothing, because he has already planned to take this opportunity to carry out a large-scale cash-out!

If nothing else, this may be his biggest cash-out in Menglong Company, after all, he still has to keep a certain amount of shares to ensure his absolute control over the company.

According to data from WashingtonService, a U.S. securities dealer, Lin Feng reduced his holdings of 17,700,000 ordinary shares (531,000 ADRs) on May 15, local time, and the cash amount exceeded $200 million based on the price of Menglong at $38.2 on that day.

This is the first time that Lin Feng has sold the company's shares in a big way after the end of the Menglong stock restriction period.

The scale of the sell-off caused an uproar on Wall Street.

In the face of countless inquiries from reporters, Xu Qian, director of investor relations of Menglong Company, responded to reporters that Lin Feng's reduction was mainly due to his personal financial management and had nothing to do with the company's business development.

When the domestic media got the relevant news, they were also in an uproar.

$200 million!

More than 1.6 billion RMB!

In 2004, when the housing price in the fourth ring road of Beijing was only 5,000 yuan per square meter, what did it mean for a person to have 1.6 billion yuan in cash?

Online netizens have posted one after another.

"Lin Feng gave one dollar to each person in the country, and he still had 400 million left!"

"I'm rubbing, this is the real male god!"

"I counted on my fingers for a long time, and the great god can tell me that 1.6 billion is a few decimal places?"

In fact, it is mainly in this era that there are few Internet companies listed overseas, and the three terrifying aircraft carrier giants of BAT have not yet entered the sea.

This kind of play of listing overseas through operating companies and then selling stocks to cash out for profit is not very familiar to everyone, and it is not very common to see it.

That's why it's so shocking.

If in a few years, after everyone listens to more news about Ma Huateng's billions of cash-outs, people will get used to it, and then they will become numb.

Lin Feng didn't pay attention to the boiling of the outside world, and refused all media interviews.

After he communicated with Li Dong and Wang Hao, the other two also sold some shares of different shares and cashed out a large amount of cash.

A few days later, Lin Feng convened the board of directors of Fengxing Company again.

Propose to continue to increase capital to Fengxing Company!

Nima, can you still play like this?

Xu Xin and Guo Yihong both felt a little collapsed.......