Chinanews.com, January 14th. On the evening of the 13th, Beijing Kunlun Wanwei Technology Co., Ltd. (hereinafter referred to as Kunlun Wanwei, stock code 300418.SZ) disclosed an announcement that Kunlun Wanwei's wholly-owned subsidiary Hong Kong Wanwei paid in cash By purchasing 8.47% of Opera’s outstanding shares, the parties to the transaction have completed the delivery procedures agreed in the transaction agreement. So far, Kunlun Wan maintains a 53.88% stake in Opera, and Opera has become the holding subsidiary of Kunlun Wanwei’s wholly-owned subsidiary.

This move means that Kunlun Wanwei's globalization and platform strategy will be further promoted, and financial performance will also be greatly improved.

Opera consolidation greatly improves the company's financial performance

  Opera has a strong ability to continue operations. According to the announcement, Opera’s total assets as of the third quarter of 2020 are US$1.089 billion. In 2018, 2019, and January-June 2020, Opera’s main business revenue was 170.62 million. U.S. dollars, 208.41 million U.S. dollars and 89.81 million U.S. dollars, the main business net contribution was 120.43 million U.S. dollars, 99.92 million U.S. dollars and 42.29 million U.S. dollars.

  Opera had expected its fourth-quarter revenue to be between US$45 million and US$47 million, and adjusted EBITDA would be US$10 million to US$12 million.

On January 11, Opera supplemented its disclosure that due to the growth of PC users and efficient operations, the company's fourth quarter 2020 revenue and adjusted EBITDA are expected to exceed the upper limit of the aforementioned performance guidance range.

  After the completion of this transaction, Opera will be included in the scope of Kunlun Wanwei's consolidated financial statements, which will have a certain impact on Kunlun Wanwei's current financial status, profitability and various financial indicators.

  According to the announcement, the total assets of Kunlun Wanwei as of the third quarter of 2020 are 12.75 billion yuan.

In 2018, 2019 and January-June 2020, the operating income was 3.577 billion yuan, 3.688 billion yuan and 1.723 billion yuan; the net profit attributable to the same period was 1.006 billion yuan, 1.295 billion yuan and 3.675 billion yuan.

Enhance the global influence of listed companies

  Opera was established in 1995 and is a veteran Internet company in Europe. It has 25 years of brand accumulation and has many loyal users in Europe, Africa, East Asia and Southeast Asia.

Core products include Opera series browsers and smart news distribution client Opera News. Global monthly active users exceeded 380 million monthly active users in the third quarter of 2020.

  According to a Caitong Securities research report, Opera "is expected to replicate the golden period of China's Internet development, thereby bringing huge market dividends."

  The completion of this transaction announces the official landing of Kunlun Wanwei's global platform strategy. Based on the original game and social business, the company has added global browser and news distribution platform services, and the product matrix has been further enriched.

The company will further promote the global Internet platform strategy, continue to increase the number of active users on the platform, deeply explore the value of global traffic, and comprehensively enhance the company's global influence.