Giant Network(SZ:002558) Xin Lang Cai Jing·2025-05-02 00:42Financial Performance - The company reported a revenue of 2.923 billion yuan for 2024, a slight decrease of 0.05% year-on-year [1] - The net profit attributable to shareholders was 1.425 billion yuan, representing a year-on-year increase of 31.15% [1] - The net profit excluding non-recurring items was 1.623 billion yuan, up 18.23% year-on-year [1] - A cash dividend of 1.40 yuan per 10 shares (including tax) is proposed, totaling approximately 265 million yuan [1] Product and User Growth - The company's "Zhengtu" IP has successfully expanded its user base, with the mini-program game "Wangzhe Zhengtu" generating significant revenue growth since its launch in February 2024, contributing 600 million yuan in revenue [2] - The "Yuan Shi Zhengtu" game has also seen innovation through short drama marketing, attracting a large number of potential users [2] - The casual competitive game "Qiu Qiu Da Zuo Zhan" achieved significant revenue growth and high user retention, with monthly revenue reaching a five-year high [3] AI Integration and Innovation - The company is embracing AI technology, collaborating with Alibaba Cloud to enhance game applications and develop intelligent agents [4] - The game "Tai Kong Sha" has integrated AI features, including the "Inner Ghost Challenge," which utilizes advanced AI models for gameplay [4] - The introduction of AI NPCs in "Yuan Shi Zhengtu" aims to enhance player engagement through personalized experiences [4] Future Outlook - The company maintains a strong investment rating, with projected revenues of 3.332 billion yuan, 3.665 billion yuan, and 3.977 billion yuan for 2025-2027, reflecting year-on-year growth rates of 14%, 10%, and 8% respectively [5] - Expected net profits for the same period are projected to be 1.618 billion yuan, 1.764 billion yuan, and 1.949 billion yuan, with growth rates of 14%, 9%, and 10% respectively [5]