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暴风营收增幅近七成债券融资仅3.69亿 冯鑫股权质押押率不到70%被指安全可控

2017-08-30 17:45:49   中国经济网

目前暴风体育对全网赛事的智能聚合,每周聚合超过1500个直播源,覆盖50余个主流项目,超过1000场赛事。2017年,暴风体育继续保持高速增长,仅在6月,根据艾瑞平台第三方数据,暴风体育月独立设备达到484万,增长67.8%,排名全网第4;日独立设备64万,增长80%,两项数据增长率均居体育类应用前列。

市场分析认为,暴风在新业务的投资上非常节制,和其他企业动辄十几亿甚至数十亿的投资相比,暴风在投入上堪称稳健,但又能通过聚焦有限的业务,取得理想的业绩。这在如今以“烧钱”著称的国内互联网产业中,上实属难得。

事实上,暴风从来都不是一家靠烧钱发展的公司。财报数据显示,暴风影音2015年版权采购金额共计4485万元,其中,上市后(2015年4-12月)采购金额为3324万元,2016年版权采购金额共计7118万元。无论上市前还是上市后,这都远远低于行业平均水平。

而稳健的发展策略也为极大地降低了暴风出现债务风险的可能。

数据显示,截至2017年第一季度末,暴风融资总额为14.86亿元,债权融资为3.69亿元,总资产为25.6亿元,债券融资仅占公司总资产的14%左右。而根据市场的不完全统计,同期乐视系的债权融资高达630亿元左右,约占其总资产的94%。

财务数据还显示,截至2017年一季度末,暴风短期借款不到1.62亿元,其他流动负债为303万元,无长期借款和一年期内到期的非流动负债。同期,仅乐视网的短期借款就高达21.7亿元,一年期内到期的非流动负债为19.8亿元,长期借款更是超过了30亿元。

此外,财务数据还显示,截至2017年一季度末,暴风的期末现金及现金等价物余额为2.6亿元,完全能够覆盖同期的短期债务。

更为重要的是,暴风TV目前已经具有了一定的“造血”能力,2016年销售额就近10亿,2017年一季度的销售金额达到3.3亿,预计全年整体业绩还会进一步增长——相较之下,暴风债务水平无论是在绝对规模上,还是在占总资产的比重上,都处于安全范围。

公司大股东冯鑫的资产状况同样安全可控。根据交易所公开披露信息、冯鑫股权质押的金额和投向,以及对应的当时股价和普遍的行业质押率,可以估算出冯鑫股权质押的总金额总数为6.25亿左右,质押率不到70%,还有30%的股票安全垫;更为重要的是,其质押资金的主要用途为设立暴风TV、魔镜、体育等新业务,和暴风上市公司的日常运营资金无关。

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