证券代码：002555 证券简称：三七互娱 公告编号：2024-065 一、利润分配预案基本情况 根据公司 2024 年第三季度报告，公司 2024 年第三季度实现归属于母公司所有者的净利 润为 632,833,102.61 元，截至 2024 年 9 月 30 日公司未分配利润为 7,573,911,013.74 元，母 公司未分配利润为 3,121,579,956.10 元。 鉴于公司持续、稳健的盈利能力和良好的财务状况，以及对公司未来发展的预期和信心， 充分考虑广大投资者的利益和合理诉求，根据《上市公司监管指引第 3 号——上市公司现金 分红》《公司法》等相关规定以及《公司章程》和公司股东分红回报规划，在符合利润分配 原则、保证公司正常经营和长远发展的前提下，董事会拟定了 2024 年第三季度利润分配预 案。 经董事会审议，本公司 2024 年第三季度利润分配的预案：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 2.10 元（含税）；本次分配不派送红股，不以资本公积转 增股本。 三七互娱网络科技集团股份有限 ...

第六届监事会第十七次会议决议公告 本公司及监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"）第六届监事会第十七次会议通 知于 2024 年 10 月 23 日以专人送达、电子邮件、电话方式发出，会议于 2024 年 10 月 30 日在公司会议室以现场与通讯结合的方式召开，本次会议应出席监事 3 人，实际出席监事 3 人，会议由监事会主席何洋先生主持。本次会议的召集、召开和表决程序及出席会议的监事 人数符合法律、法规和公司章程等有关规定，经与会监事审议表决，形成如下决议： 一、审议通过《2024 年第三季度报告》 监事会对公司《2024 年第三季度报告》进行了专项审核，认为：董事会编制和审核公 司《2024 年第三季度报告》的程序符合法律、行政法规和中国证监会的规定，报告内容真 实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 公司全体监事确认：公司及时、公平地披露了信息，所披露的信息真实、准确、完整。 表决结果：同意 3 票、弃权 0 票、反对 0 票。 公司《2024 年第三季度报 ...

Financial Performance - Revenue for Q3 2024 was RMB 4.11 billion, a decrease of 4.09% year-over-year[2] - Net profit attributable to shareholders in Q3 2024 was RMB 632.83 million, down 34.51% year-over-year[2] - Year-to-date revenue as of Q3 2024 was RMB 13.34 billion, an increase of 10.76% year-over-year[2] - Year-to-date net profit attributable to shareholders as of Q3 2024 was RMB 1.90 billion, down 13.45% year-over-year[2] - Total revenue for the first three quarters of 2024 reached RMB 13.34 billion, compared to RMB 12.04 billion in the same period last year[15] - Net profit attributable to the parent company's shareholders was RMB 7.57 billion, up from RMB 7.43 billion at the beginning of the year[14] - Sales revenue for the quarter reached RMB 13,815,989,885.06, a significant increase from the previous period[17] - Net profit attributable to the parent company's shareholders was RMB 1,897,466,681.56, showing a slight decrease compared to the previous period[16] - Basic earnings per share (EPS) for the quarter were RMB 0.86, down from RMB 0.99 in the previous period[17] - The company's total comprehensive income for the quarter was RMB 1,891,173,139.41, showing a slight decrease from the previous period[16] Expenses and Costs - Sales expenses increased due to higher traffic investment for new games like "Xun Dao Da Qian" and "Wu Ming Zhi Bei"[3] - Sales expenses increased by 21.11% compared to the same period last year, an increase of 1.343 billion yuan, mainly due to increased internet traffic fees resulting from continuous traffic investment in games such as "Xun Dao Da Qian," "Wu Ming Zhi Bei," and "Ling Hun Xu Zhang"[6] - Total operating costs for the first three quarters of 2024 were RMB 11.23 billion, compared to RMB 9.73 billion in the same period last year[15] - Sales expenses increased to RMB 7,703,677,663.25, reflecting higher marketing and promotional costs[16] - Research and development expenses amounted to RMB 471,490,890.23, reflecting a decrease from the previous period[16] - Management expenses decreased by 16.86% compared to the same period last year, a reduction of 72 million yuan, mainly due to the full reversal of share-based payment expenses recognized in 2022 and 2023 as the fourth employee stock ownership plan is expected to fail to meet the company-level performance assessment indicators in the third assessment period[6] - R&D expenses decreased by 17.76% compared to the same period last year, a reduction of 102 million yuan, mainly due to the full reversal of share-based payment expenses recognized in 2022 and 2023 as the fourth employee stock ownership plan is expected to fail to meet the company-level performance assessment indicators in the third assessment period[6] Assets and Liabilities - Total assets as of Q3 2024 were RMB 19.47 billion, an increase of 1.77% compared to the end of the previous year[2] - The monetary funds at the end of the period decreased by 34.24% compared to the beginning of the period, a reduction of 2.115 billion yuan, mainly due to increased net cash outflows from investment activities such as purchasing and redeeming financial products, fixed deposits, and external equity investments[6] - The balance of non-current assets due within one year increased by 523.04% compared to the beginning of the period, an increase of 859 million yuan, mainly due to the increase in the portion of fixed deposits with a term of more than one year that will mature within one year[6] - The balance of construction in progress increased by 70.15% compared to the beginning of the period, an increase of 375 million yuan, mainly due to the investment in the Guangzhou headquarters building project during the reporting period[6] - The balance of intangible assets increased by 87.49% compared to the beginning of the period, an increase of 910 million yuan, mainly due to the recognition of land use rights obtained from the purchase of land in 2023[6] - Total assets as of the end of Q3 2024 amounted to RMB 19.47 billion, a slight increase from RMB 19.13 billion at the beginning of the year[14] - Cash and cash equivalents decreased to RMB 4.06 billion from RMB 6.18 billion at the beginning of the year[12] - Accounts receivable decreased to RMB 1.24 billion from RMB 1.48 billion at the beginning of the year[12] - Total liabilities increased to RMB 6.74 billion from RMB 6.32 billion at the beginning of the year[14] - The company's total equity at the end of Q3 2024 was RMB 12.73 billion, slightly down from RMB 12.81 billion at the beginning of the year[14] - The company's short-term borrowings increased to RMB 2.07 billion from RMB 1.55 billion at the beginning of the year[13] - The company's long-term equity investments decreased to RMB 504 million from RMB 521 million at the beginning of the year[13] Cash Flow - The net cash flow from investment activities decreased by 336.02% compared to the same period last year, a reduction of 2.049 billion yuan, mainly due to a decrease in net cash outflows from purchasing and redeeming financial products and fixed deposits, an increase in cash outflows for copyright fees and project payments, and an increase in cash payments for external equity investments[6] - Operating cash flow for the quarter was RMB 2,266,917,618.06, indicating strong cash generation[17] - Investment activities generated a cash inflow of RMB 14,382,556,457.79, highlighting significant investment returns[17] - Cash received from customers for goods and services was RMB 13,815,989,885.06, indicating strong customer demand[17] - Total cash outflow from investment activities was RMB 17,041,317,763.03, compared to RMB 11,917,849,106.30 in the previous period[18] - Net cash flow from investment activities was -RMB 2,658,761,305.24, a significant decrease from -RMB 609,778,405.84 in the previous period[18] - Total cash inflow from financing activities was RMB 3,838,305,900.00, up from RMB 1,786,620,000.00 in the previous period[18] - Net cash flow from financing activities was -RMB 719,711,899.61, an improvement from -RMB 2,004,819,079.39 in the previous period[18] - The net increase in cash and cash equivalents was -RMB 1,169,190,241.26, compared to RMB 53,333,403.46 in the previous period[18] - The ending balance of cash and cash equivalents was RMB 1,576,291,485.56, down from RMB 3,373,805,502.40 in the previous period[18] Game Development and Pipeline - New games launched in Q3 2024, such as "Shi Guang Za Huo Dian" and "San Guo Qun Ying Zhuan: Hong Hu Ba Ye," are in the early promotion phase, impacting profitability[3] - The company has a diversified product pipeline, including "Dou Luo Da Lu: Lie Hun Shi Jie" and "Zhui Xu," with multiple games already approved for release in China[4] - The company is focusing on long-term operations and content breakthroughs for existing games like "Dou Luo Da Lu: Hun Shi Dui Jue" and "Puzzles & Survival"[4] Non-Recurring Items and Other Income - Non-recurring gains for Q3 2024 amounted to RMB 30.53 million, primarily from government subsidies and other non-operating income[5] - Investment income increased by 986.64% compared to the same period last year, an increase of 60 million yuan, mainly due to dividends declared by affiliated enterprises during the reporting period[6] - The company's financial expenses were negative at RMB -110,337,353.35, primarily due to higher interest income[16] Shareholder Information - The top three shareholders are Li Weiwei with a 14.57% stake, Zeng Kaitian with an 11.11% stake, and Hu Yuhang with a 9.09% stake[7]

证券代码：002555 证券简称：三七互娱 公告编号：2024-061 三七互娱网络科技集团股份有限公司 关于回购公司股份的进展公告 回购实施情况符合相关法律法规及公司既定回购股份方案的要求。 二、其他说明 （一）公司回购股份的时间、回购股份数量、回购股份价格及集中竞价交易的委托时段 符合《深圳证券交易所上市公司自律监管指引第9号——回购股份》的相关规定。 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")分别于 2023 年 12 月 26 日和 2024 年 1 月 12 日召开了第六届董事会第十五次会议和 2024 年第一次临时股东大会，审议 通过了《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金以集 中竞价交易的方式回购公司股份，回购金额不低于（含）人民币 1 亿元且不超过（含）人民 币 2 亿元，回购价格不超过（含）人民币 33.90 元/股，回购股份实施期限为自公司股东大 会审议通过本次回购股份方案之日起 12 个月内,公司将在回购期限内根据市场情况择机作 出回购决策并予以实施 ...

上 市 公 司 传媒 证 券 研 究 报 告 2024 年 09 月 17 日 三七互娱 (002555) ——小游戏驱动下收入高位维持，分红突出 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 09 月 13 日 | | 收盘价（元） | 13.44 | | 一年内最高/最低（元） | 25.68/12.04 | | 市净率 | 2.4 | | 息率（分红 / 股价） | 9.23 | | 流通 A 股市值（百万元） | 21,566 | | 上证指数/深证成指 | 2,704.09/7,983.55 | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |---------------------------------------------|-------------------------------| | | | | 基础数据 : | 2024 年 06 月 30 日 | | 每股净资产（元） | 5.70 | | ...

三七互娱半年报惊喜不断：二季度利润增速超 48%，游戏矩阵完善，超 7 成利 润分给股东 导语：游戏业务与财务表现正形成良性循环，股东回报能力强。 作者：市值风云 App：紫枫 最近，短视频平台给风云君推荐了一款叫《时光杂货店》的游戏，宣称能让玩家回到 90 年 代，感受 30 年前的时代特色，还能体会当大老板的快感。 这款游戏真实还原了风云君很多曾经熟悉的场景，还能重温儿时最爱玩的《抢滩登陆》。游 戏玩起来，风云君还是相当有感触的，30 多年过去我们的生活已发生翻天覆地的变化。 （紫枫游戏截图） 好奇之下，风云君查了一下这款精品游戏的制作商，原来是风云君的老朋友——三七互娱 （002555.SZ）。 根据点点数据显示，截止 8 月中下旬，该产品位居 IOS 应用商店模拟经营免费榜前三名、 畅销榜第十名，初具爆款潜力。 究其原因，还是用打磨成熟的系统玩法加上 90 年代画风，重点抓住了 80 后、90 后这个庞 大的游戏群体，而且玩法简单，不怎么占用时间和精力，对上班一族相当友好。 目前，全球游戏玩家的行为习惯和兴趣偏好呈现出更碎片化的特点，轻量化成为全球游戏行 业的大趋势之一，但与此同时，玩家对游戏品质、创 ...

Investment Rating - The report assigns a "Buy-A" rating to the company with a target price of 17.22 CNY based on a 14x PE for 2024 [4][7]. Core Insights - The company is recognized as a leading player in the domestic gaming industry, successfully navigating through multiple industry transformations and focusing on a strategy of "premiumization, diversification, and globalization" [2][7]. - The company has established a robust integrated research and operation system, enhancing its product offerings and operational efficiency through the application of AI and data analytics [19][24]. - The gaming market is witnessing significant growth in both overseas expansion and mini-games, which are expected to provide new growth momentum [3][36]. Summary by Sections Company Overview - The company has successfully transformed through four major industry changes, including the shift from web games to mobile games and the adoption of a buy-in advertising model [10][11]. - The founding team retains significant control, holding 34.77% of the shares, ensuring strategic continuity [12]. Financial Performance - The company reported a revenue of 92.32 billion CNY in the first half of 2024, a year-on-year increase of 18.96%, with a net profit of 12.6 billion CNY, up 3.15% [14]. - The gross margin has remained high, with a projected gross margin of 79.3% for 2024 [45]. Product Strategy - The company has adopted a "dual-core + diversified" product strategy, focusing on MMORPG and SLG genres while expanding into card games and simulation games [28][29]. - Successful titles include "Douluo Dalu: Soul Master Duel" and "Puzzles & Survival," contributing to a strong product matrix with multiple games generating over 100 million CNY in monthly revenue [29][38]. Future Growth Drivers - The company is positioned to benefit from the growing trend of game exports, with overseas revenue accounting for 35.1% of total income in 2023 [3][38]. - The mini-game market has shown rapid growth, with expectations for continued expansion in 2024, particularly in overseas markets [40][41]. Investment Outlook - The company is expected to achieve net profits of 27.36 billion CNY, 31.99 billion CNY, and 34.61 billion CNY for 2024, 2025, and 2026, respectively [7][43]. - The report emphasizes the company's strong potential in the mini-game sector and overseas markets as key areas for future growth [7][36].

三七互娱网络科技集团股份有限公司（以下简称"公司"）近日接到东方证券股份有限 公司（以下简称"东方证券"）的通知，根据中国证券监督管理委员会（以下简称"证监会"） 于 2023 年 2 月 28 日出具的《关于核准东方证券股份有限公司吸收合并东方证券承销保荐有 限公司暨变更业务范围的批复》（证监许可〔2023〕425 号，以下简称"证监会批复"）， 东方证券获准吸收合并投行业务全资子公司东方证券承销保荐有限公司（以下简称"东方投 行"），吸收合并之后东方投行解散。 东方证券已于近日自证监会取得换发后的《经营证券期货业务许可证》，业务范围含"证 券承销与保荐"。东方证券与东方投行严格根据有关法律法规、证监会批复及相关要求推进 实施吸收合并工作，自 2024 年 9 月 2 日起，东方投行存量客户与业务整体迁移并入东方证 券，东方投行承接的投资银行业务项目均由东方证券继续执行，东方投行对外签署的协议均 由东方证券继续履行，东方投行全部债权及债务由东方证券依法承继。 证券代码：002555 证券简称：三七互娱 公告编号：2024-060 三七互娱网络科技集团股份有限公司 关于持续督导保荐机构主体变更的公告 本公司及 ...

2024 年 09 月 06 日 公司研究 评级：买入(维持) 证券分析师： 杨仁文 S0350521120001 yangrw@ghzq.com.cn 证券分析师： 谭瑞峤 S0350521120004 tanrq@ghzq.com.cn [Table_Title] 持续季度分红回馈股东，小游戏推动业绩增长， 关注 2024H2 新品周期 研究所： ——三七互娱（002555）公司动态研究 投资要点: 最近一年走势 | --- | --- | --- | --- | |---------------------|-------|-------|-------------| | 相对沪深 300 | 表现 | | 2024/09/06 | | | | | | | | | | | | 市场数据 | | | 2024/09/06 | | 当前价格（元） | | | 13.82 | | 52 周价格区间（元） | | | 12.04-25.68 | | 总市值（百万） | | | 30,650.88 | | 流通市值（百万） | | | 22,175.49 | | 总股本（万股） | | | 221,786.43 ...

三七互娱网络科技集团股份有限公司(以下简称"公司")分别于 2023 年 12 月 26 日和 2024 年 1 月 12 日召开了第六届董事会第十五次会议和 2024 年第一次临时股东大会，审议 通过了《关于以集中竞价交易方式回购公司股份方案的议案》，同意公司使用自有资金以集 中竞价交易的方式回购公司股份，回购金额不低于（含）人民币 1 亿元且不超过（含）人民 币 2 亿元，回购价格不超过（含）人民币 33.90 元/股，回购股份实施期限为自公司股东大 会审议通过本次回购股份方案之日起 12 个月内,公司将在回购期限内根据市场情况择机作 出回购决策并予以实施。公司本次回购的股份将用于注销减少注册资本。回购方案的具体内 容请详见公司于 2024 年 1 月 13 日披露于巨潮资讯网和公司指定信息披露报刊的《关于以集 中竞价交易方式回购公司股份方案的报告书》。 关于回购公司股份的进展公告 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。 证券代码：002555 证券简称：三七互娱 公告编号：2024-059 三七互娱网络科技集团股份有限公司 截至2024年8月31 ...