Group 1 - The core viewpoint of the news is that Shunwang Technology (300113.SZ) has seen an increase in institutional holdings, indicating growing investor confidence [1] - As of October 28, 2025, a total of 16 institutional investors hold 119 million shares of Shunwang Technology, accounting for 17.36% of the total share capital [1] - The top ten institutional investors collectively hold 17.04% of the shares, with an increase of 4.32 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, six public funds increased their holdings, with a total increase ratio of 0.57% [2] - Five new public funds disclosed their holdings this quarter, including notable funds such as Invesco Great Wall Quality Evergreen Mixed Fund and GF Small Cap Growth Mixed Fund [2] - One foreign fund, Hong Kong Central Clearing Limited, increased its holdings by 0.31% compared to the previous period [2]

Core Viewpoint - Shunwang Technology (300113.SZ) reported a revenue of 1.509 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 8.04% [1] - The net profit attributable to shareholders reached 324 million yuan, marking a significant year-on-year increase of 52.59% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 291 million yuan, which is a year-on-year growth of 39.56% [1] - Basic earnings per share stood at 0.48 yuan [1]

Core Insights - The company, Shunwang Technology, reported a revenue of 1.5 billion yuan for the first three quarters, reflecting a year-on-year growth of 8.04% [1] - The net profit attributable to shareholders reached 320 million yuan, showing a significant year-on-year increase of 52.59% [1] - The net profit excluding non-recurring gains and losses was 291 million yuan, which represents a year-on-year growth of 39.56% [1] Financial Performance - Total revenue for the first three quarters: 1.5 billion yuan, up 8.04% year-on-year [1] - Net profit attributable to shareholders: 320 million yuan, up 52.59% year-on-year [1] - Net profit excluding non-recurring items: 291 million yuan, up 39.56% year-on-year [1]

Core Insights - Shunwang Technology reported a net profit of approximately 324 million yuan for the first three quarters of 2025, representing a year-on-year increase of 52.59% [2] - The company's third-quarter revenue was 498 million yuan, a year-on-year decrease of 15.35%, but a quarter-on-quarter increase of 15.31% [3] - The net profit for the third quarter was 162 million yuan, showing a year-on-year growth of 38.99% and a quarter-on-quarter growth of 84.28% [2][3] Financial Performance - For the first three quarters of 2025, Shunwang Technology's total revenue reached 1.51 billion yuan, an increase of 8.04% year-on-year [3] - The operating cash flow net amount for the first three quarters was 1.86 billion yuan, reflecting a significant year-on-year increase of 124.79% [2] - Basic and diluted earnings per share for the third quarter were both 0.24 yuan, up 41.18% compared to the same period last year [3] Business Strategy and Market Trends - The decline in revenue for the third quarter is attributed to the company's ongoing business structure optimization, focusing on high-margin advertising while adjusting low-margin value-added services [3][4] - The recovery of the internet café market and the popularity of trending games have contributed to the profit growth [4] - Shunwang Technology's subsidiary, Shanghai Hanwei Xinheng Exhibition Co., Ltd., co-hosted the ChinaJoy event, which showcased strong recovery in the gaming industry with record attendance and participation [4] Collaborative Initiatives - Shunwang Technology, along with Hangzhou Shunwan Network Co., Ltd. and Zhejiang Xianqu Interactive Network Technology Co., Ltd., signed a cooperation agreement to enhance the PC gaming ecosystem focused on the "Legend" and "Chuan Shi" genres [4]

Core Viewpoint - Shunwang Technology reported a net profit of approximately 324 million yuan for the first three quarters of 2025, marking a year-on-year increase of 52.59% [1] Financial Performance - In Q3 2025, Shunwang Technology's operating revenue was 498 million yuan, a year-on-year decrease of 15.35% but a quarter-on-quarter increase of 15.31% [2] - The net profit for Q3 2025 was 162 million yuan, reflecting a year-on-year growth of 38.99% and a quarter-on-quarter increase of 84.28% [2] - For the first three quarters of 2025, total operating revenue reached 1.51 billion yuan, up 8.04% year-on-year [2] - The net profit for the same period was 324 million yuan, showing a year-on-year increase of 52.59% [2] - Operating cash flow net amount was 1.86 billion yuan, a significant year-on-year increase of 124.79% [1][2] Business Strategy and Market Trends - The decline in revenue for Q3 is attributed to the company's ongoing business structure optimization, focusing on high-margin advertising while adjusting low-margin value-added services [2] - The recovery of the internet café market and the popularity of trending games contributed to the profit growth [2] - Shunwang Technology's subsidiary, Shanghai Hanwei Xinheng Exhibition Co., Ltd., co-hosted the ChinaJoy event, which showcased strong recovery in the gaming industry with record attendance and participation [3] - A recent collaboration was established between Shunwang Technology, Hangzhou Shunwan Network Co., Ltd., and Zhejiang Xianqu Interactive Network Technology Co., Ltd. to enhance the PC gaming ecosystem for specific game genres [3]

Core Insights - The company, Shunwang Technology, reported a decline in third-quarter revenue but an increase in net profit, indicating a mixed performance in the latest financial results [2] Financial Performance - In Q3, the company's operating revenue was 498 million yuan, a year-on-year decrease of 15.35% [2] - The net profit for the same period was 162 million yuan, showing a year-on-year increase of 38.99% [2] - For the first three quarters of 2025, the total operating revenue reached 1.509 billion yuan, reflecting a year-on-year growth of 8.04% [2] - The net profit for the first three quarters was 324 million yuan, which is a year-on-year increase of 52.59% [2]

Core Viewpoint - Shunwang Technology (300113) reported a decline in third-quarter revenue while experiencing significant growth in net profit for the year 2025 [1] Financial Performance - The company's third-quarter revenue was 498 million yuan, a year-on-year decrease of 15.35% [1] - Net profit for the third quarter reached 162 million yuan, showing a year-on-year increase of 38.99% [1] - For the first three quarters of 2025, total revenue was 1.509 billion yuan, reflecting a year-on-year growth of 8.04% [1] - Net profit for the first three quarters amounted to 324 million yuan, which is a year-on-year increase of 52.59% [1] - Basic earnings per share were reported at 0.48 yuan [1]

Group 1 - The core viewpoint of the news is that Shunwang Technology reported a significant increase in both revenue and net profit for the third quarter of 2023, indicating strong financial performance [1] - The company's revenue for the first three quarters of 2023 reached approximately 1.509 billion yuan, representing a year-on-year increase of 8.04% [1] - The net profit attributable to shareholders was approximately 324 million yuan, showing a substantial year-on-year increase of 52.59% [1] - Basic earnings per share were reported at 0.48 yuan, which is a 50% increase compared to the previous year [1] Group 2 - As of the report, Shunwang Technology has a market capitalization of 17.1 billion yuan [2] - The A-share market has recently surpassed 4000 points, marking a significant recovery after a decade of stagnation, with technology stocks leading the market's resurgence [2] - This shift indicates the emergence of a "slow bull" market pattern, suggesting a new market landscape [2]

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。 为便于广大投资者更全面深入地了解公司情况，杭州顺网科技股份有限公 司（以下简称"公司"）定于2025年11月3日（周一）下午15:00-16:00在全景 网举办2025年第三季度网上业绩说明会，本次业绩说明会将采用网络远程的方 式举行，投资者可登陆全景网"投资者关系互动平台"（https://ir.p5w.net） 参与本次业绩说明会。 出席本次说明会的嘉宾有：公司董事长兼总经理华勇先生，独立董事陈旭 虎先生，副总经理兼财务总监郑巧玲女士，副总经理兼董事会秘书戎颂怡女士。 证券代码：300113 证券简称：顺网科技 公告编号：2025-042 杭州顺网科技股份有限公司 关于举行2025年第三季度网上业绩说明会的公告 欢迎广大投资者积极参与本次网上说明会。 （问题征集专题页面二维码） 特此公告。 为充分尊重投资者、提升交流的针对性，现就公司2025年第三季度网上业 绩说明会提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者 可于2025年11月3日（星期一）12:00前访问https://ir.p5w.n ...

Financial Performance - The company's revenue for Q3 2025 was ¥498,401,835.23, a decrease of 15.35% compared to the same period last year[3] - Net profit attributable to shareholders increased by 38.99% to ¥162,255,844.49 for the quarter, while year-to-date net profit rose by 52.59% to ¥323,771,432.72[3] - The basic earnings per share for Q3 2025 was ¥0.24, reflecting a 41.18% increase year-over-year[3] - Total operating revenue for the current period reached ¥1,508,655,943.81, an increase of 8.02% compared to ¥1,396,396,670.67 in the previous period[19] - Net profit for the current period was ¥348,609,874.03, representing a significant increase of 48.4% from ¥234,915,581.86 in the previous period[20] - Earnings per share (EPS) for the current period was ¥0.48, compared to ¥0.32 in the previous period, indicating a 50% increase[20] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,064,838,504.42, up 9.57% from the previous year[3] - Total assets increased to ¥3,064,838,504.42, up from ¥2,797,195,815.03, marking a growth of 9.55%[18] - Total liabilities decreased to ¥459,277,466.30 from ¥513,964,488.73, a reduction of 10.6%[18] - The company's equity attributable to shareholders rose to ¥2,526,266,524.93, compared to ¥2,228,774,683.59, reflecting a growth of 13.4%[18] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥225,528,584.80, down 16.28% compared to the previous year[3] - Operating cash flow for the current period was ¥225,528,584.80, a decrease of 16.3% compared to ¥269,380,750.88 in the previous period[21] - The company reported a total cash inflow from operating activities of ¥1,596,418,109.35, a marginal increase from ¥1,584,171,764.91 in the previous period[21] - The company’s total cash outflow from operating activities was ¥1,370,889,524.55, an increase from ¥1,314,791,014.03 in the previous period[21] - Cash and cash equivalents decreased to ¥437,079,667.16 from ¥778,585,319.23, a decline of approximately 43.8%[16] - Cash and cash equivalents at the end of the period totaled ¥437,079,667.16, down from ¥623,203,170.49 in the previous period[22] - The net increase in cash and cash equivalents was -¥91,208,619.79, compared to -¥755,240,543.22 in the previous period, showing a significant reduction in cash outflow[22] Investments and Income - The company reported a significant increase in accounts receivable, which rose by 67.30% to ¥159,032,003.38, attributed to growth in business revenue[8] - Investment income skyrocketed by 5299.64% to ¥20,473,882.38, driven by increased returns from financial products[8] - The company reported an investment income of ¥20,473,882.38, a significant increase from ¥379,171.44 in the previous period[19] - Total cash inflow from investment activities was ¥2,897,325,028.89, significantly higher than ¥214,059,432.05 in the previous period[21] - Net cash flow from investment activities was -¥231,242,217.70, an improvement from -¥924,775,863.94 in the previous period[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 54,185[10] - The largest shareholder, Hua Yong, holds 32.21% of shares, totaling 220,191,442 shares, with 57,490,000 shares pledged[10] - The total number of restricted shares at the end of the period is 165,366,480, with no new restrictions added during the period[13] - The total number of preferred shareholders is zero, indicating no preferred shares outstanding[12] - The company has not disclosed any significant changes in the top ten shareholders or their relationships[11] Operational Costs and Expenses - Total operating costs amounted to ¥1,150,708,406.92, slightly up from ¥1,133,238,295.85, reflecting a cost increase of 1.5%[19] - Research and development expenses were ¥113,920,732.68, down from ¥124,144,321.67, indicating a decrease of 8.5%[19] Other Comprehensive Income - Other comprehensive income after tax was -¥63,624,364.56, compared to -¥1,753,769.64 in the previous period, showing a decline in comprehensive income[20] Share Repurchase - The company has a repurchase account holding 9,402,200 shares, representing 1.38% of the total share capital[11] Market Strategy - The company has not reported any new strategies or significant market expansions during this period[14]