How did IGG’s stock price triple? What did Xu Yuan say in the interview?

The performance of IGG (00799)’s new game “Lords Mobile” in the past year has surprised almost everyone. Ten months after it was launched, the monthly revenue reached 30 million US dollars. Benefiting from the promotion of "Lords Mobile", IGG's annual revenue in 2016 was approximately 322 million US dollars (the same below), a year-on-year increase of 59.1%; gross profit was approximately 219 million, a year-on-year increase of 55.76%; net profit was approximately 72.616 million, a year-on-year increase of 75.01%.

The chief operating officer of IGG said confidently at the performance meeting that in 2017, IGG's net profit margin will strive to exceed 30%.

The excellent performance of "Lords Mobile" has also made IGG favored by investors. As of March 29, IGG (00799) has been on the list of the top ten active stocks in Hong Kong Stock Connect (Shenzhen) for 17 days, and it is also the target that has been on the list the most during this period. On that day, IGG's stock price continued to rise, reaching a maximum of 11.04 Hong Kong dollars, and the final closing price was 10.7 Hong Kong dollars, soaring 86.4% from the closing price on March 3, and about twice as much as a year ago.

"In the next two months, "Lords Mobile" will make great improvements. Our goal is to exceed 50 million US dollars in monthly revenue in July." Xu Yuan recently accepted an exclusive interview with Zhitong Finance said.