非常感谢各位参加今天我们邀请的社网科技总理李龙总举行的这个社网科技三级道理以及金光节的电话会议那么看到就是我们看到社网科技作为我们今年一直重点跟踪推荐的公司我们整个业绩上还是持续比较亮眼在上半年取得比较快速的一个增长情况之下其实当我们看到这个营业收入也是从比增长了30%以后然后对我们经验从比增长了大概23%左右 应该说在去年这个Q3基数就比较高一些还是还能实现一个比较快速的一个卫生成长也是持续验证公司的各项业务目前的一个高度发展的一个态势那今天的话我们主要还是首先要不先请勇总还是就这个山地报的情况以及公司近期的各项业务的一个经营的情况帮我们做一个简单的这个介绍兵心然后各位听者如果有任务问题关于山地报或者公司经营方面的任何问题都可以再按照这个提问方式来提问 好的 谢谢赵老师也感谢各位投资人我觉得先把我们分布到的几个大的一个数据先摘出来给各位老师先汇报一下因为公司整体今年不管是从一季度上半年还是从三十六的这个经济素质来看我们觉得从经营管理层的角度来说还是比较符合我们今年对整体业务的这么一个规划的那公司一到九月的 整体度37度累计时长的营业收入就是3.96亿元那我们总比增长了25.9%21.96%那贵姆基医院这块的 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown strong growth in Q3, driven by the recovery in esports services and the recognition of revenue from the Chinajoy exhibition. The Q3 revenue reached 589 million yuan, a year-on-year increase of 37.80% and a quarter-on-quarter increase of 48.8% [3] - The company is expected to benefit from its diversified business model, including esports, Chinajoy, cloud computing, and AI, which are anticipated to drive future growth [3] - The company maintains its profit forecast, expecting net profits of 226 million yuan, 300 million yuan, and 371 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.33, 0.43, and 0.53 yuan [3] Financial Performance Summary - For the first three quarters of 2024, the company achieved revenue of 1.396 billion yuan, a year-on-year increase of 25.96%, and a net profit of 212 million yuan, a year-on-year increase of 34.92% [3] - The Q3 gross margin was 43.28%, showing a year-on-year decline of 10.79 percentage points but a quarter-on-quarter increase of 3.59 percentage points [4] - The company has effectively controlled its expense ratios, with sales expense ratio at 4.12%, management expense ratio at 7.18%, and R&D expense ratio at 6.66% [4] Business Development - The esports hotel segment saw over 8 million consumer visits during the National Day holiday, a year-on-year increase of 6.54%, indicating strong market demand [5] - The launch of the "Shunwang Lingxi Plaza," a one-stop model training and deployment platform, is expected to enhance the company's AI cloud computing business, potentially forming a second growth curve for the company [5] - The company is well-positioned to leverage the popularity of domestic 3A games, which may boost demand for its esports cloud services and related advertising revenue [5]

证券代码：300113 证券简称：顺网科技 公告编号：2024-052 李德宏先生的辞职不会影响公司相关工作的正常进行。公司及董事会对李 德宏先生在任职公司副总经理期间为公司发展所做出的贡献表示衷心的感谢。 特此公告。 杭州顺网科技股份有限公司 董 事 会 2024年10月29日 杭州顺网科技股份有限公司 关于副总经理辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 杭州顺网科技股份有限公司（以下简称"公司"）董事会于近日收到公司 副总经理李德宏先生的书面辞职报告。李德宏先生因个人原因申请辞去公司副 总经理职务，辞职后将不再担任公司任何职务。根据《中华人民共和国公司法》 《杭州顺网科技股份有限公司章程》等有关规定，李德宏先生的辞职报告自送 达公司董事会之日起生效。 截至本公告披露日，李德宏先生直接持有公司股份216,124股，通过员工持 股计划持有公司股份210,000股，不存在应当履行而未履行的承诺事项。李德宏 先生原定任期至2025年5月31日届满，李德宏先生离任后，其直接持有公司股份 将继续遵守《深圳证券交易所上市公司自律监管指引第18号——股 ...

Financial Performance - The company's revenue for Q3 2024 reached ¥588,797,566.77, representing a 37.80% increase year-over-year[3] - Net profit attributable to shareholders was ¥116,738,317.23, up 22.45% compared to the same period last year[3] - The basic earnings per share for the quarter was ¥0.17, reflecting a 21.43% increase year-over-year[3] - Total operating revenue for Q3 2024 reached CNY 1,396,396,670.67, an increase of 25.9% compared to CNY 1,108,562,954.20 in the same period last year[14] - Operating profit for the period was CNY 268,082,607.06, compared to CNY 206,555,297.46 in the previous year, representing a growth of 29.8%[14] - Net profit for Q3 2024 was CNY 234,915,581.86, an increase of 13.5% from CNY 206,079,285.79 in Q3 2023[14] - The net profit for Q3 2024 is approximately ¥234.92 million, an increase from ¥178.23 million in Q3 2023, representing a growth of 31.7%[15] - The net profit attributable to shareholders of the parent company is approximately ¥212.18 million, up from ¥157.27 million, reflecting a year-over-year increase of 35%[15] Assets and Liabilities - Total assets at the end of the quarter amounted to ¥2,693,118,099.05, a 10.05% increase from the end of the previous year[3] - Total assets increased to CNY 2,693,118,099.05, up from CNY 2,447,098,593.59, marking a growth of 10.1%[13] - Total liabilities rose to CNY 444,166,818.57, compared to CNY 355,635,274.63, indicating an increase of 25%[13] - The company's long-term equity investments rose from CNY 75,725,725.45 to CNY 76,976,204.43, an increase of about 1.6%[11] - The total non-current financial assets decreased from CNY 124,240,445.78 to CNY 119,949,057.06, a decline of approximately 3.5%[11] Cash Flow - The company reported a net cash flow from operating activities of ¥269,380,750.88, which is a 7.74% increase year-to-date[3] - Operating cash inflow for the period is approximately ¥1.58 billion, compared to ¥1.26 billion in the previous year, indicating a growth of 25.6%[17] - The net cash flow from operating activities is approximately ¥269.38 million, an increase from ¥250.02 million, showing a growth of 7.8%[17] - The cash flow from investment activities shows a net outflow of approximately ¥924.78 million, compared to a net outflow of ¥237.41 million in the previous year, indicating a significant increase in investment expenditures[18] - The cash and cash equivalents at the end of the period are approximately ¥623.20 million, down from ¥1.13 billion at the end of Q3 2023, indicating a decrease of 44.8%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,489, with the largest shareholder holding 31.71% of the shares[6] - The top ten unrestricted shareholders collectively hold 165,366,105 shares, with the largest shareholder holding 55,047,861 shares[7] - The total number of restricted shares at the end of the period was 165,366,105, with 74,126 shares released during the period[9] - The company held 19,230,158 shares in the repurchase special account, accounting for 2.77% of the total share capital[7] - The company has not disclosed any related party relationships among the top ten shareholders[7] Operational Metrics - The company experienced a significant increase in trading financial assets, rising by 2,191.36% due to increased investment in financial products[5] - The company reported a significant increase in trading financial assets from CNY 13,930,866.00 to CNY 319,206,716.00, a growth of approximately 2,192.5%[11] - The company's inventory increased by 92.70% to ¥8,088,136.91, attributed to higher procurement of inventory goods[5] - The company reported a decrease in financial expenses by 40.44%, primarily due to the reclassification of structured deposit income to investment income[5] - The company reported a significant increase in accounts payable, which rose to CNY 93,233,801.38 from CNY 59,775,912.32, reflecting a growth of 56%[12] Research and Development - Research and development expenses for the quarter were CNY 124,144,321.67, slightly down from CNY 132,449,563.24, indicating a decrease of 6.3%[14] Comprehensive Income - The total comprehensive income for Q3 2024 is approximately ¥233.16 million, compared to ¥190.92 million in Q3 2023, representing an increase of 22%[15] - The company reported a decrease in other comprehensive income, with a net loss of approximately ¥1.75 million compared to a gain of ¥12.69 million in the previous year[15]

证券代码：300113 证券简称：顺网科技 公告编号：2024-051 杭州顺网科技股份有限公司 杭州顺网科技股份有限公司 特此公告。 一、对外投资概述 杭州顺网科技股份有限公司（以下简称"公司"）于2024年8月22日召开第 五届董事会第十九次会议，审议通过了《关于对外投资设立全资子公司的议案》， 拟投资自有资金850万美元在香港设立全资子公司，同时授权公司经营管理层在 董事会批准的额度内根据项目开展情况决定资金投入的方式及进度、办理境外投 资备案手续等相关工作，具体内容详见公司于2024年8月23日在巨潮资讯网 （http://www.cninfo.com.cn）披露的《杭州顺网科技股份有限公司关于对外投 资设立全资子公司的公告》。 二、对外投资进展情况 香港特别行政区公司注册处签发的《公司注册证明书》和《商业登记证》 近日，公司完成香港全资子公司的注册登记手续，并取得由香港特别行政区 公司注册处签发的《公司注册证明书》和《商业登记证》，相关登记信息如下： 关于全资子公司完成注册登记的公告 公司中文名称：顺为科技（香港）有限公司 公司英文名称：Syngrid Technology HK Limited 地 ...

证券代码：300113 证券简称：顺网科技 公告编号：2024-050 杭州顺网科技股份有限公司 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。 相关规定： 1、公司未在下列期间回购股份： （1）自可能对本公司证券及其衍生品种交易价格产生重大影响的重大事项 发生之日或者在决策过程中，至依法披露之日内； （2）中国证券监督管理委员会和深圳证券交易所规定的其他情形。 2、公司以集中竞价交易方式回购股份符合下列要求： 杭州顺网科技股份有限公司（以下简称"公司"）分别于2024年2月4日、2024 年2月21日召开第五届董事会第十六次会议和2024年第二次临时股东大会，审议 通过了《关于回购公司股份方案的议案》，同意自股东大会审议通过本次回购股 份方案之日起十二个月内，使用不超过人民币10,000万元（含10,000万元）且不 低于人民币5,000万元（含5,000万元）的自有或自筹资金，以集中竞价交易方式 回购公司已发行的人民币普通股（A股）股份，本次回购股份将依法予以注销并 相应减少公司注册资本。具体内容详见公司于2024年2月6日在巨 ...

Investment Rating - The report assigns a "Buy" rating for the company, Shunwang Technology [4] Core Insights - The company has diversified its business into four main areas: esports, ChinaJoy, computing power cloud, and AI, leveraging its advantages in internet cafes to establish a solid foundation for growth [4][11] - The esports industry is in a growth phase, with the upcoming esports Olympics in 2025 expected to boost demand for esports venues and consumption [5][18] - The 2024 ChinaJoy event saw record attendance, indicating a strong recovery in the interactive entertainment sector, which may further enhance the company's revenue streams [6][21] - The company's computing power cloud and AI services are anticipated to create a second growth curve, supported by its extensive edge computing infrastructure [7][25] Summary by Sections 1. Company Overview - Shunwang Technology started with internet cafe management systems and has expanded into esports, ChinaJoy, computing power, and AI [11] - The company has a concentrated ownership structure, with the largest shareholder holding 31.71% of the shares [14] 2. Financial Analysis - The company reported a revenue of 1.433 billion yuan in 2023, a year-on-year increase of 27.5%, and successfully turned a profit after a loss in 2022 [15][36] - The revenue from network advertising and value-added services accounted for 64% of total revenue in 2023, showing a significant increase [17] 3. Esports Industry - The number of internet service venues in China reached 77,000 by Q4 2023, marking a 0.67% increase, indicating a recovery in the industry [5][18] - The first esports Olympics is expected to attract a large audience, enhancing the demand for esports-related services [18][19] 4. ChinaJoy Event - The 2024 ChinaJoy event attracted over 367,000 attendees, the highest in its history, showcasing the high demand for interactive entertainment [6][21] - The introduction of the ChinaJoy Music Festival aims to create new monetization opportunities in the entertainment sector [23] 5. Computing Power and AI - The company has established a comprehensive computing power service ecosystem, integrating edge computing and AI capabilities [7][25] - The domestic computing power market is projected to grow significantly, providing ample opportunities for the company's computing power cloud business [28][29]

| --- | |---------------------------------------------------------------------------------| | | | 证券研究报告 | | 公司研究 | | [Table_ReportType] 公司点评 | | [Table_StockAndRank] 顺网科技 (300113.SZ) | | 投资评级 | | 上次评级 | | [Table_A 冯翠婷 uthor 传媒互联网及海外 ] 首席分 析师 | | 执业编号： S1500522010001 邮 箱： fengcuiting@cindasc.com [Table_OtherReport] | | 信达证券股份有限公司 | | CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲 127 号金隅大 厦 B 座 | [Table_Title] 顺网科技（300113.SZ）24 年中报点评：业 绩经营稳健，CJMF 音乐节开启在即 [Table_ReportDate] 2024 年 8 月 28 日 [Table_S 事件：24H1 ummar公司实现 ...

证券代码：300113 证券简称：顺网科技 杭州顺网科技股份有限公司投资者关系活动记录表 特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系 活动类别 □新闻发布会 □路演活动 □现场参观 □其他 信达证券、华泰证券、华创证券、中信建投、长城基金、博时基金 金鹰基金、鹏华基金、摩根士丹利华鑫基金、中加基金、粤佛私募 参与单位名称 基金、华能贵诚信托、郑州智子投资、青岛金光紫金创业投资、上 及人员姓名 海途灵资产、上海名禹资产、方正富邦、进门财经等机构（以上排 名不分先后） 会议日期 2024 年 08 月 23 日 下午 15 点至 16 点 会议地点 线上电话会议 上市公司接待 人员姓名 副总经理、董事会秘书 戎颂怡女士 投资者关系活动 就公司业务发展情况，以及调研机构关心的问题进行了问答交流， 主要内容介绍 具体见附件 附件清单 （如有） 无 附：投资者关系活动主要内容介绍 一、公司 2024 年半年度的经营情况介绍 报告期内，公司坚持聚焦行业、多维发展的理念，在电竞科技、互动娱乐、 算力、AI 等领域深度耕耘，持续向用户提供先进的产品及技术解决方案，帮助企 业客户实现业务创新，帮助互联网用 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 807,599,103.90, representing an increase of 18.54% compared to CNY 681,290,113.15 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was CNY 95,445,759.34, a 54.10% increase from CNY 61,937,852.53 in the previous year[13]. - The net cash flow from operating activities reached CNY 196,292,706.48, up 63.06% from CNY 120,380,798.40 in the same period last year[13]. - Basic earnings per share increased to CNY 0.14, a rise of 55.56% compared to CNY 0.09 in the previous year[13]. - Total assets at the end of the reporting period were CNY 2,592,729,588.69, reflecting a growth of 5.95% from CNY 2,447,098,593.59 at the end of the previous year[13]. - The net assets attributable to shareholders of the listed company were CNY 2,027,225,854.84, showing a slight increase of 0.44% from CNY 2,018,414,322.16[13]. - The weighted average return on net assets was 4.64%, up from 3.25% in the previous year[13]. - The company reported a total of 4.54 million yuan in non-recurring gains for the period, after accounting for tax and minority interests[18]. - The company achieved a revenue of 807.60 million yuan, representing a year-on-year growth of 18.54%[32]. - The net profit attributable to shareholders reached 95.45 million yuan, with a year-on-year increase of 54.10%[32]. Market Trends - In the first half of 2024, China's gaming market achieved actual sales revenue of 147.27 billion yuan, a year-on-year increase of 2.08%[20]. - The mobile gaming market generated actual sales revenue of 107.52 billion yuan, with a year-on-year growth of 0.76%[20]. - The user base for China's gaming industry reached 674 million, marking a historical high with a growth of 0.88% year-on-year[20]. - The esports industry in China recorded actual sales revenue of 12.03 billion yuan in the first half of 2024, reflecting a year-on-year increase of 4.43%[22]. - The cloud gaming market in China reached a revenue of 6.35 billion yuan in 2022, with a significant year-on-year growth of 56.4%[22]. - The artificial intelligence industry in China reached a scale of 578.4 billion yuan in 2023, with projections to exceed 1 trillion yuan by 2030[23]. - The cloud computing market in China achieved a scale of 616.5 billion yuan in 2023, growing by 35.5% year-on-year[23]. - The expected compound annual growth rate for China's edge computing market from 2022 to 2027 is projected to be 16.2%[23]. Company Strategy and Operations - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[2]. - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[2]. - The company provides end-to-end technology solutions for the esports service industry, covering marketing digitalization, esports service digital solutions, and consumer esports entertainment services[26]. - Over 95% of game manufacturers in China receive integrated online and offline precision marketing digital services from the company[27]. - The company has developed various products such as "Net Master," "Internet Cafe Manager," and "Esports Cloud Computer" to enhance management and operational models in esports venues[27]. - The company integrates diverse computing power resources to create a multi-level computing service system, catering to needs in cloud esports, AI model training, and scientific computing[29]. - The company aims to achieve a computing power scale of 300 EFLOPS by 2025 as part of the national plan for high-quality development of computing infrastructure[25]. - The company actively explores the application of AI and other innovative technologies in the esports service sector to drive industry growth[26]. - The company has established a digital management system for esports hotels and enterprises, enhancing user experience and operational efficiency[27]. - The company focuses on the integration of culture and technology, promoting continuous product innovation in the gaming sector[28]. - The company is committed to providing customized solutions based on AI and metaverse technologies to meet diverse industry needs[28]. - The company is positioned to lead the esports industry into a new era of cloud storage and computing power[27]. Research and Development - The company invested ¥84,931,775.09 in R&D, a decrease of 6.63% from ¥90,965,351.69 in the previous year, indicating a focus on optimizing resource allocation[40]. - The company is increasing its investment in innovation and R&D to maintain market competitiveness and adapt to changing customer demands[56]. - The company has established a scientific talent incentive mechanism to improve overall employee quality and foster mutual growth between employees and the enterprise[41]. - The company has implemented a talent strategy, conducting various training programs to enhance employee skills and overall quality[69]. - The company has established a multi-channel career development mechanism and conducted AI training courses to improve employee competitiveness[69]. Corporate Governance and Compliance - The company emphasizes its commitment to social responsibility, integrating it into shareholder and employee rights protection, and environmental protection[68]. - The company maintains a transparent governance structure, ensuring equal rights for all shareholders and enhancing communication with investors[68]. - The company has established a long-term stable profit distribution policy to ensure reasonable returns to investors[68]. - The company has no significant related party transactions during the reporting period[73]. - The company has not reported any significant penalties or rectification situations during the reporting period[72]. - The company has maintained a commitment to legal operations, focusing on both economic and social benefits[70]. - The company faces industry policy risks and emphasizes compliance with regulatory requirements to mitigate potential impacts[55]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 48,416, with a significant shareholder, Hua Yong, holding 31.71% of shares, totaling 220,191,442 shares[93]. - The company has repurchased a total of 3,063,300 shares, accounting for approximately 0.4412% of the total share capital, with a total transaction amount of 32,946,144.00 yuan[91]. - The company plans to continue the share repurchase program based on market conditions within the specified period[91]. - The company distributed cash dividends of RMB 0.803217 per 10 shares to shareholders, totaling RMB 564,200 for the 2022 employee stock ownership plan[66]. - The employee stock ownership plan involved 76 employees holding a total of 5,471,886 shares, representing 0.79% of the company's total equity[67]. Legal Matters - The company has conducted 4 lawsuits as a plaintiff with a total amount involved of 30.42 million yuan, all of which have been adjudicated or settled[71]. - The company has 7 lawsuits as a defendant with a total amount involved of 1.32 million yuan, of which 3 have been adjudicated or settled, amounting to 127,700 yuan, while 4 are pending judgment, amounting to 1.19 million yuan[71]. - The company has no significant litigation or arbitration matters during the reporting period[70]. Financial Reporting and Accounting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[131]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[129]. - The company's financial statements are prepared in RMB, with foreign subsidiaries using local currencies and converting to RMB for reporting[134]. - The company recognizes revenue when control of the goods is transferred to the customer, which is determined by the fulfillment of contractual obligations[193]. - The company recognizes income based on the progress of fulfilling performance obligations, with specific criteria for determining when control has transferred[193]. - The company assesses the recoverability of deferred tax assets based on evidence available at the balance sheet date[200].