尽管2025年一季度三七互娱归母净利润同比下降10.87%至5.49亿元，但公司依然选择高额分红，显示出 其强大的财务韧性。截至2025年3月31日，公司未分配利润总额达84.28亿元，母公司未分配利润为37.50 亿元，为持续分红提供了充足保障。此外，三七互娱今年一季度预计现金分红总金额占当期归母净利润 比例为84.15%。 三七互娱有关人士表示，公司剩余未分配利润将结转至下一年度，为后续分红储备充足资金。 据记者梳理，近年来，三七互娱现金分红金额逐年增加，股东回报持续提升。2024年公司提出连续性季 度分红并积极践行，当年公司合计现金分红总额约22亿元，较2023年分红金额，同比增加约22%，占当 年归母净利润比例超过80%。 根据公司《2025年中期分红规划》，三七互娱拟2025年第一季度、半年度、第三季度结合未分配利润与 当期业绩进行分红，每期派发现金红利总金额不超过5亿元，合计派发现金红利总金额不超过15亿元， 此次一季度分红金额已接近中期分红规划总额的三分之一，后续分红仍值得期待。 本报记者 徐一鸣 5月13日，三七互娱网络科技集团股份有限公司（以下简称"三七互娱"）发布2025年第一季度利润分配 ...

证券代码：002555 证券简称：三七互娱 公告编号：2025-029 三七互娱网络科技集团股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 三七互娱网络科技集团股份有限公司（以下简称"公司"）2024 年年度权益分派方案 已获 2025 年 5 月 12 日召开的公司 2024 年度股东大会审议通过，现将权益分派事宜公告如 下： 一、股东大会审议通过权益分派方案情况 议通过，具体内容为：按分配比例不变的方式，以分红派息股权登记日实际发行在外的总股 本剔除上市公司回购专用证券账户的股份为基数，向全体股东每 10 股派送现金股利 3.7 元 （含税），剩余未分配利润结转至下一年度；不派送红股，不以资本公积转增股本。 二、权益分派方案 本公司 2024 年年度权益分派方案为：按分配比例不变的方式，以分红派息股权登记日 实际发行在外的总股本剔除上市公司回购专用证券账户的股份为基数，向全体股东每 10 股 派送现金股利 3.70 元人民币现金（含税；扣税后，通过深股通持有股份的香港市场投资者、 QFII、RQFII 以及持有首发前限售股的个人和证券投资基金 ...

证券代码：002555 证券简称：三七互娱 公告编号：2025-029 三七互娱网络科技集团股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 3、本次实施的分派方案与公司 2024 年度股东大会审议通过的权益分派方案一致。 4、本次实施的分派方案距离股东大会审议通过的时间未超过两个月。 二、权益分派方案 三七互娱网络科技集团股份有限公司（以下简称"公司"）2024 年年度权益分派方案 已获 2025 年 5 月 12 日召开的公司 2024 年度股东大会审议通过，现将权益分派事宜公告如 下： 一、股东大会审议通过权益分派方案情况 1、公司 2024 年年度权益分派方案已经 2025 年 5 月 12 日召开的 2024 年度股东大会审 议通过，具体内容为：按分配比例不变的方式，以分红派息股权登记日实际发行在外的总股 本剔除上市公司回购专用证券账户的股份为基数，向全体股东每 10 股派送现金股利 3.7 元 （含税），剩余未分配利润结转至下一年度；不派送红股，不以资本公积转增股本。 2、自权益分派方案披露至实施期间， ...

Industry Overview - In 2024, the actual sales revenue of China's gaming market is projected to be 325.783 billion yuan, representing a year-on-year growth of 7.53% [1] - The number of gaming users in China is expected to reach 674 million, with a year-on-year increase of 0.94% [1] - The actual sales revenue from domestically developed games is estimated at 260.736 billion yuan, showing a year-on-year growth of 1.70% [1] Company Performance - Century Huatong (002602) reported a total revenue of 22.620 billion yuan in 2024, marking a year-on-year increase of 70.27%, and a net profit of 1.213 billion yuan, up 131.51% [3] - In Q1 2025, Century Huatong achieved a revenue of 8.145 billion yuan, a growth of 91.12%, and a net profit of 1.350 billion yuan, increasing by 107.20% [3] - 37 Interactive Entertainment (002555) reported a total revenue of 17.441 billion yuan in 2024, with a year-on-year growth of 5.40%, and a net profit of 2.673 billion yuan, up 0.54% [4] - Perfect World (002624) experienced a significant decline in 2024, with total revenue of 5.570 billion yuan, down 28.50%, and a net loss of 1.288 billion yuan [2] - In Q1 2025, Perfect World reported a revenue of 2.023 billion yuan, a year-on-year increase of 52.22%, and a net profit of 302 million yuan, recovering from a loss in the previous year [3] Market Position - Century Huatong and 37 Interactive Entertainment remain the leading gaming companies in the A-share market, while Perfect World has become the only loss-making major gaming company [1][2] - Over half of the A-share gaming companies reported a decline in performance last year, highlighting a challenging environment for the industry [1]

Group 1 - Longjiang Transportation plans to reduce its shareholding by no more than 3% of the company's total shares, amounting to 39.4764 million shares, from June 4, 2025, to September 3, 2025 [1] - Shuangyi Technology intends to acquire 100% equity of Marky Industries Pty Ltd and specific assets for approximately AUD 18 million [1] - Haikong Air Conditioning's controlling shareholder has received a bank loan commitment of up to CNY 32 million for share repurchase [2] Group 2 - Zhaowei Electromechanical's shareholder plans to reduce its stake by no more than 1.50%, equating to 3.6031 million shares, from June 5, 2025, to September 4, 2025 [2] - Zhongwen Online's directors and senior management plan to collectively reduce their holdings by no more than 877,100 shares, representing 0.1203% of the total shares [2] - Liding Optoelectronics' shareholders plan to reduce their holdings by no more than 3%, totaling 12.2113 million shares, from June 5, 2025, to September 4, 2025 [4] Group 3 - Luvi Optoelectronics' shareholder plans to reduce its stake by no more than 1%, amounting to 1.9333 million shares, from June 4, 2025, to September 4, 2025 [5] - Jiejia Weichuang's controlling shareholder and concerted parties plan to reduce their holdings by no more than 0.72%, totaling 250,000 shares [7] - Yancoal Energy will no longer acquire control of Highfield Resources due to a new investment from Qinghai Salt Lake Industry Co., Ltd. [9] Group 4 - Yongdong Co., Ltd. plans to reduce its shareholding by no more than 1.26%, equating to 473,380 shares, from June 5, 2025, to September 4, 2025 [11] - Sanqi Interactive Entertainment plans to distribute a cash dividend of CNY 2.10 per 10 shares [12] - Salt Lake Co., Ltd. intends to acquire Highfield Resources for approximately USD 300 million to become its largest shareholder [13] Group 5 - Hainan Haiyao's shareholder plans to reduce its stake by no more than 3%, totaling 38.921 million shares, within 90 days after the announcement [14] - Lifang Pharmaceutical plans to transfer 2.2184% equity of Nanjing Mainowei Pharmaceutical Technology Co., Ltd. for CNY 22.1837 million [16] - Zhiyou Technology's shareholders plan to reduce their holdings by no more than 2.99%, totaling 11.9986 million shares, from June 4, 2025, to September 3, 2025 [18] Group 6 - Puli Tui has applied for a review of the Shenzhen Stock Exchange's decision to terminate its listing [19] - Saimo Intelligent's shareholder plans to reduce its stake by no more than 3%, equating to 16.0659 million shares, from June 4, 2025, to September 3, 2025 [20] - Entropy Technology is planning to acquire 55% equity of Longzhiyuan to gain control [21] Group 7 - Nanjing Chemical Fiber plans to acquire 100% of Nanjing Process Equipment Manufacturing Co., Ltd. through asset swaps and cash payments [22] - Beijing Lier intends to invest CNY 200 million in Shanghai Zhenliang Intelligent Technology Co., Ltd. [23]

Investment Rating - Investment Rating: Buy (Maintain) [3] Core Views - The company reported a revenue of 17.44 billion yuan for 2024, representing a year-over-year increase of 5.4%, with a net profit of 2.67 billion yuan, up 0.54% year-over-year [6][9] - New game launches have contributed to performance growth, with titles like "Time Explosion" and "Heroes Don't Flash" achieving significant rankings in app stores [7] - The company has a strong IP reserve, including adaptations of popular titles such as "Dou Po Cang Qiong" and "Tian Guan Ci Fu," which supports future product development [7] - The domestic gaming business generated 11.72 billion yuan in revenue, a year-over-year increase of 9.12%, while international revenue was 5.72 billion yuan, down 1.47% year-over-year [8] - The company is enhancing its AI capabilities, developing a proprietary game industry model "Xiao Qi," which aims to improve game development efficiency and quality [8] Financial Summary - The company expects net profits of 2.86 billion yuan in 2025, 3.04 billion yuan in 2026, and 3.31 billion yuan in 2027, with corresponding P/E ratios of 11.87, 11.15, and 10.25 [9][11] - The gross margin is projected to remain stable at around 79% from 2025 to 2027 [11] - The company plans to distribute a cash dividend of 3.70 yuan per 10 shares, totaling 2.2 billion yuan, which represents 82% of the annual net profit [6][9]

Core Viewpoint - The legal opinion from Beijing Tianyuan Law Firm confirms that the 2024 Annual General Meeting of Sanqi Interactive Entertainment Network Technology Group Co., Ltd. was convened and conducted in compliance with relevant laws and regulations, ensuring the legitimacy of the meeting and its voting results [1][2][4]. Group 1: Meeting Procedures - The sixth board of directors of the company made a resolution to convene the annual general meeting on April 18, 2025, and the notice was published on April 19, 2025, detailing the time, location, agenda, voting methods, and attendees [2][3]. - The meeting was held on May 12, 2025, at the company's global headquarters in Guangzhou, combining both on-site and online voting methods [3][4]. Group 2: Attendance and Voting - A total of 1,282 participants attended the meeting, holding 912,921,090 shares with voting rights, which is 41.2669% of the total shares [4]. - The on-site attendees included 9 shareholders representing 822,799,852 shares, accounting for 37.1931% of the total shares [4]. - The online voting was conducted through the Shenzhen Stock Exchange's system, with specific time slots for participation [3][4]. Group 3: Voting Results - The resolutions passed during the meeting included the 2024 Board of Directors' Work Report, with 909,414,718 votes in favor, representing a significant majority [5]. - The 2024 Financial Settlement Report also received approval, with 909,443,918 votes in favor [6]. - The proposal for the 2024 Profit Distribution Plan was approved with 909,823,118 votes in favor [7]. - The resolution regarding the reduction of registered capital and amendment of the Articles of Association was passed with 909,306,818 votes in favor, meeting the required two-thirds majority [8]. - The proposal for the appointment of an accounting firm was approved with 908,713,218 votes in favor [9]. - The resolution for providing guarantee limits for subsidiaries in 2025 was passed with 892,900,158 votes in favor [10]. - The proposal for applying for bank credit limits was also approved with 909,359,218 votes in favor [10].

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、审议程序 三七互娱网络科技集团股份有限公司（下称"公司"或"本公司"）于 2025 年 5 月 12 日召开第六届董事会第二十五次会议和第六届监事会第二十一次会议，审议通过了《2025 年第一季度利润分配预案》。该议案无需提交公司股东大会审议。现将有关情况公告如下： 二、2025 年第一季度利润分配预案情况 根据公司 2025 年第一季度报告，公司 2025 年第一季度实现归属于母公司所有者的净利 润为 549,180,610.69 元，截至 2025 年 3 月 31 日公司未分配利润为 8,427,549,692.03 元，母 公司未分配利润为 3,749,796,944.80 元。 为推动上市公司高质量发展，结合公司发展的实际情况，按照《国务院关于加强监管防 范风险推动资本市场高质量发展的若干意见》文件精神和相关要求，积极落实分红实施，加 大投资者回报力度，分享经营成果，提振投资者对公司未来发展的信心。本公司 2025 年第 一季度利润分配预案： 按分配比例不变的方式，以分红派息股权登记日实际发行在外的 ...

本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性 陈述或者重大遗漏。 特别提示： 本次股东大会无否决议案、无涉及变更前次议案的情况。 一、会议召开和出席情况 （一）会议召开情况 证券代码：002555 证券简称：三七互娱 公告编号：2025-025 三七互娱网络科技集团股份有限公司 2024年度股东大会决议公告 股东出席的总体情况：通过现场和网络投票的股东 1,282 人，代表股份 912,921,090 股， 占公司有表决权股份总数的 41.2669％。其中：通过现场投票的股东 9 人，代表股份 822,799,852 股，占公司有表决权股份总数的 37.1931％。通过网络投票的股东 1,273 人，代 表股份 90,121,238 股，占公司有表决权股份总数的 4.0738％。 中小股东出席的总体情况：通过现场和网络投票的中小股东 1,276 人，代表股份 95,227,238 股，占公司有表决权股份总数的 4.3046％。其中：通过现场投票的中小股东 3 人， 1 1、会议时间 （1）现场会议召开时间：2025 年 5 月 12 日（星期一）14:30 （2）网络投票时间：通 ...

北京市天元律师事务所 致：三七互娱网络科技集团股份有限公司 三七互娱网络科技集团股份有限公司（以下简称"公司"）2024 年度股东大 会（以下简称"本次股东大会"）采取现场投票与网络投票相结合的方式，现场会 议于 2025 年 5 月 12 日在广州市海珠区芳园路 37 号三七互娱全球总部大厦公司会 议室召开。北京市天元律师事务所（以下简称"本所"）接受公司聘任，指派本所 律师参加本次股东大会现场会议，并根据《中华人民共和国公司法》《中华人民共 和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股 东会规则》"）以及《三七互娱网络科技集团股份有限公司章程》（以下简称"《公 司章程》"）等有关规定，就本次股东大会的召集、召开程序、出席现场会议人员 的资格、召集人资格、会议表决程序及表决结果等事项出具本法律意见。 为出具本法律意见，本所律师审查了《三七互娱网络科技集团股份有限公司第 六届董事会第二十三次会议决议公告》《三七互娱网络科技集团股份有限公司第六 届监事会第十九次会议决议公告》《三七互娱网络科技集团股份有限公司关于召开 2024 年度股东大会的通知》（以下简称"《召开股东大会通知 ...