This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Giant Interactive Group Management Discusses Q2 2012 Results - Earnings Call Transcript

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results of Giant to be materially different from historical results or from any results expressed and implied by such forward-looking statements. These factors include but are not limited to risk discussed in filings with the Securities and Exchange Commission including our annual report on Form 20-F filed on April 23, 2012.

All forward-looking statements are qualified by this cautionary statement, and Giant undertakes no obligation to revise or update this information to reflect events or circumstances after today.

In addition, please note that references in the presentation to dollars refer to U.S. dollars.

Now, I would like to turn the call over to our CFO, Jazy Zhang. Jazy?

Jazy Zhang

Thank you, Rich. Good morning to those of you in Asia and good evening to those of you in the West. I will first read the prepared remarks from our President, Ms. Wei Liu, and then I will walk you through our financial highlights and update you on our game development progress.

We are pleased to report that our strong start in 2012 has continued to gain momentum this quarter with continuous sequential growth in both our top and bottom line, which was mainly driven by sustained performance from ZT Online 2. We’re also pleased that the successful release of ZT Online 2 first expansion pack has led the game to new heights and as a result we continue to see an improvement in both active paying accounts and average revenue per user this quarter.

We also made a breakthrough in terms of game offering through our collaboration with Qihoo 360 to launch the Micro-Client version of ZT Online 2 changing online on Qihoo 360 platform. This Micro-Client version provides opportunities for less (inaudible) to experience the core element of ZT Online 2 through a much smaller installation game file. Our collaboration with Qihoo 360 will enable us to tap into its large and diverse user base, which will provide us with opportunities to draw new gamers to our titles. Going beyond this collaboration, we look forward to forming more business partnerships and strategic alliances with online platforms in China in the future.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,011.94 -28.43 -0.16%
S&P 500 2,109.31 -2.42 -0.11%
NASDAQ 5,076.6980 -6.2310 -0.12%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs