Sudden! Sanqi Interactive Entertainment and its actual controller under investigation Chairman | Company | Sanqi
On the evening of June 27th, game company 37 Interactive Entertainment announced that the actual controller and chairman of the company, Li Weiwei, and vice chairman of the company, Zeng Kaitian, received the "Notice of Filing by the China Securities Regulatory Commission" issued by the China Securities Regulatory Commission on June 27th. Due to suspected illegal and irregular information disclosure, in accordance with laws and regulations such as the Securities Law of the People's Republic of China and the Administrative Penalty Law of the People's Republic of China, the China Securities Regulatory Commission has decided to file a case against the company, Li Weiwei, and Zeng Kaitian.
In the evening of that day, Sanqi Interactive Entertainment told First Financial that the company's various business activities were carried out normally, and the relevant investigation work was being carried out in an orderly manner, which did not affect the normal operation of the company. The company and relevant parties will actively cooperate with the investigation work and strictly fulfill their information disclosure obligations in accordance with regulatory requirements.
Among listed gaming companies, Sanqi Interactive Entertainment ranked third in revenue in the first quarter of 2023, only behind Tencent and NetEase. According to the financial report, Sanqi Interactive Entertainment's Q1 2023 revenue was 3.765 billion yuan, a year-on-year decrease of 7.94%; The net profit attributable to shareholders of the listed company was RMB 775 million, an increase of 1.92% year-on-year. It has well-known games such as Douluo Continent: Soul Master Duel, Puzzle&Survival, Cloud City Song, Call Me Boss, and Little Ant Country.
![Sudden! Sanqi Interactive Entertainment and its actual controller under investigation Chairman | Company | Sanqi](https://a5qu.com/upload/images/9208addca8a0781889694e17fa643f32.jpg)
In its 2022 annual report, Sanqi Interactive Entertainment stated that the company has been selected as one of the top 20 listed game companies globally, a key national cultural export enterprise, a nominated enterprise for the "Top 30 National Cultural Enterprises", a civilized unit in Guangdong Province, and one of the top 30 cultural enterprises in Guangzhou. In 2022, Sanqi Interactive Entertainment achieved a revenue of 16.406 billion yuan, a year-on-year increase of 1.17%; The net profit attributable to shareholders of the listed company was 2.954 billion yuan, a year-on-year increase of 2.74%.
Sanqi Interactive Entertainment is also the first tier of overseas game manufacturers. Since 2012, it has been expanding into overseas markets, and by 2022, its overseas revenue has reached 5.994 billion yuan, an increase of 25.47% compared to the same period last year. Sanqi Interactive Entertainment has formed a product matrix in the global market based on MMORPG, SLG, card, and simulation operations, with multiple benchmark products such as Puzzle&Survival and Cloud City Song going global.
Li Weiwei and Zeng Kaitian mentioned in the filing notice are the first and second largest shareholders of Sanqi Interactive Entertainment, respectively. Among them, Li Weiwei holds 14.52% of the shares and has served as the Executive Director and General Manager of Sanqi Interactive Entertainment Technology Co., Ltd. since October 2011, as well as the Vice Chairman of the Third Board of Directors of Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd; Appointed as Chairman and General Manager of the company from January 21, 2019.
![Sudden! Sanqi Interactive Entertainment and its actual controller under investigation Chairman | Company | Sanqi](https://a5qu.com/upload/images/a33df8938680b2e104cbc626d616b139.jpg)
Zeng Kaitian is the second largest shareholder of Sanqi Interactive Entertainment, with a shareholding ratio of 11.06%. According to the financial report, Zeng Kaitian is a co-founder of Sanqi Interactive Entertainment Technology Co., Ltd. He served as a director of Sanqi Interactive Entertainment Technology Co., Ltd. from October 2011, responsible for the overseas distribution of the company's online game business; Appointed as a director of Wuhu Sanqi Interactive Entertainment Network Technology Group Co., Ltd. from July 5, 2019; The current Vice Chairman of the 6th Board of Directors of Sanqi Interactive Entertainment.
Since the beginning of the year, the stock price of Sanqi Interactive Entertainment has risen by 83%. As of today's closing, Sanqi Interactive Entertainment rose 2.8% to close at 32.29 yuan per share, with a total market value of 71.61 billion yuan.