Since decades ago, games have been the first choice for many young people's entertainment, so it has also led to the development of an industry. According to data from the Prospective Industry Research Institute, by 2020, the size of the mainland online game market has reached 278.69 billion yuan.
At the same time, mainland online games also have a user scale of up to 518 million, which shows the potential of this market. The most important thing is that many excellent game companies have emerged in the mainland, and the main listed companies in the industry include Tencent, Perfect World, NetEase, Youzu Network and so on.
However, at a time when new games are constantly on the market and these companies are slowly rising, do you remember the "old" game companies that were once there?
One of the "old eight shares", the market value once reached 30 billion
You Jiu was founded in 2012, of which the uuu9 website is the memory of many post-80s and post-90s, and has created "blockbuster" excellent games including "Fox Fairy" and "Dragon Pattern Battlefield", which have also achieved profitability. Moreover, not long after its birth, the Yuku era caught up with a good opportunity.
Around 2014, it was the most "hot" year for game assets, people were chasing this industry madly, even the capital power was nothing more than this, so You Jiu became a piece of "fragrant food", and finally was one of the "old eight shares" love to make shares with a premium of 4085.86%.
Therefore, in 2014, You Jiu got an amount of nearly 1.2 billion yuan and became a "member" of The Love Angel shares. The reason why it is called "Old Eight Shares" is mainly because of its early listing, it is reported that as early as 1985, Aigua shares have been publicly offered shares, but its initial business is the production and marketing of coal.
After the acquisition of Youjiu, Ai made the shares into Youjiu Games, and also became a diversified development company operating coal and online games. From 2014 to 2016, Youjiu's net profit increased year by year, from 100 million to 150 million.
Moreover, youjiu's market value once reached 30 billion yuan, which was also the most beautiful period it once had. However, the 30 billion scenery will soon cease to exist.
A "sky-high wedding" worth 4.8 billion
After You Jiu was acquired, Liu Liang, as CEO, received 135 million yuan and 10.28% of the equity of the listed company, while President Dai Lin received 258 million yuan and obtained 9.31% of the equity. In addition to a reduction in 2016, the two basically did not reduce their holdings, but continued to pledge shares, until 2018, the shares in the hands of the two were basically pledged.
It is reported that in 2017, Youjiu lost 85.0604 million yuan, while Youjiu Games lost 422 million yuan, plus commercial impairment, by 2018, the loss was directly 905 million yuan, and the stock price also fell from 36 yuan in the peak period to 4.6 yuan.
The shares pledged by the two also exploded, and eventually ended up being auctioned. And when it comes to these two people, they have to mention their 4.8 billion "sky-high wedding". It is reported that as early as January 2015, the two registered for marriage, but did not announce to the CSRC, after all, it is a listed company, after marriage, the two became a concerted action, and the shares jointly held by the two have reached 19.59%, even exceeding the controlling shareholder.
As a result, the two were fined 300,000 yuan. However, the fine is small, and the loss of stock is large. According to the regulations, neither of them was allowed to reduce their holdings for half a year after the end of the investigation, and as a result, in this half year, the market value of the shares held by the two fell directly from 6 billion in the peak period to 1.2 billion, in other words, the wedding directly lost 4.8 billion.
With a market capitalization of 1.4 billion, it is on the verge of delisting
From the performance point of view, in the first 3 quarters of 2021, the revenue of Youjiu game was only 8.629 million yuan, while the non-net profit was -20.67 million yuan, with continuous losses. According to the performance forecast announced by the company in 2022, the amount of loss for the whole year of 2021 will reach 65 million yuan - 80 million yuan.
It should be known that as early as 2020, Youjiu was delisted because of losses and the income of the main business was less than 100 million yuan. As a result, in February 2022, the risk of delisting was once again prompted. Of course, the company is not without "remediation".
As early as the end of 2019, the company chose to urgently sell 8 properties in Shanghai because its performance did not improve, which saved the "shell". But now this situation, it seems that there is no way to "save", until april 22, the company officially announced the results, may be officially delisted.
As of the close of trading on March 1, 2022, *ST Youjiu's stock price was only 1.7 yuan, and the market value was only 1.491 billion, compared with the 30 billion yuan of that year, it was simply a heaven and an underground. Once a "game giant", but now has become "no one cares", until this company officially delisted, perhaps many people's youth, will officially "end".
I don't know if you have heard of Yuku's game? Feel free to leave a comment in the comments section.