Tianyan Check data, recently, Beijing Milliwu Network Technology Co., Ltd. (hereinafter referred to as “Milaiwu Network”), the main operating entity of Inke, has added information about the person subject to enforcement. The subject of enforcement is 8.8 million. The enforcement court is Beijing Chaoyang. District People's Court. In response to this, Inke responded to the Southern Metropolis reporter saying, “In May 2016, our company and Shanghai Jingmao Company signed the "Pre-screening Advertising Agency Contract". 44 million yuan. During the execution of the contract, due to Shanghai Jingmao’s failure to submit the advertising release certificate in time, doubtful data and other reasons, our company did not release the remaining 17.6 million advertising funds. Shanghai Jingmao claimed that our company should pay the outstanding contract amount of 50 % Of liquidated damages. After the first and second trials, the court finally sentenced our company to bear 8.8 million liquidated damages. This is a normal commercial dispute. At present, our company is filing a complaint with the relevant authorities. At the same time, the 8.8 million is already in Inke’s The provision in the historical financial statements will not have any impact on the future finances.” The reporter from Nandu
checked the China Judgment Documents website and found that the second-instance civil judgments of Milliwu Network and Shanghai Jingmao Company showed that the court of first instance held that Milliwu The Internet has no objection to the fact that Shanghai Jingmao Company has performed the advertisement, and the termination of the contract is due to the reasons of Milywood Networks. It is judged that Milywood Networks shall pay Shanghai Jingmao Company a liquidated damage of 8.8 million yuan. The court of second instance also upheld Original verdict.
It is worth noting that the Millywood network has recently added many executor records. On January 3, there was the same piece of information about the person subject to execution, and the execution target was approximately 12.14 million. In response, Inke responded to the Southern Metropolis reporter, saying, “This is a frozen fund, a non-executed fund, and it is now in a fast unfrozen state.”
It is understood that Inke, which was listed in July 2018, was once the “No. At that time, the company’s issue price was HK$3.85 and the opening price on the first day of listing was HK$4.32. Since then, Inke’s stock price has risen to more than HK$5, and its market value once exceeded HK$10 billion. However, as of the press release on February 4, 2020, Inke’s share price has fallen to 1.16 Hong Kong dollars, with a total market value of 2.33 billion Hong Kong dollars.
On August 27, Inke’s financial report for the first half of 2019 showed that as of June 30, 2019, due to intensified industry competition, Inke’s six-month revenue and gross profit were RMB 1.486 billion and RMB 431 million, respectively. This represents a decrease of 34.9% and 44.8% respectively from the same period last year. At the same time, due to the increase in investment in innovative products and technology, a slight loss of 27.54 million yuan, a net profit loss for the first time.
Inke stated that the first loss of net profit was mainly due to the advance layout of next-generation interactive entertainment scenarios. The company increased its investment in research and development of technical products; in order to enrich the company’s business model and cater to the interactive entertainment needs of users of different regions and different ages, The company actively built a matrix of innovative products to broaden the user coverage and increased investment in promotion during the period.
: Southern Metropolitan reporter Wang Chenchen
