KINGNET(SZ:002517) Xin Lang Zheng Quan·2025-09-30 05:39Core Viewpoint - The stock of Kaiying Network has shown significant growth in 2023, with a year-to-date increase of 110.95%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the first half of 2025, Kaiying Network reported a revenue of 2.578 billion yuan, representing a year-on-year growth of 0.89%, while the net profit attributable to shareholders was 950 million yuan, up 17.41% compared to the previous year [2]. - Cumulatively, the company has distributed a total of 1.212 billion yuan in dividends since its A-share listing, with 852 million yuan distributed over the last three years [3]. Shareholder and Market Activity - As of September 10, 2025, the number of shareholders for Kaiying Network decreased to 53,800, a reduction of 13.28%, while the average number of circulating shares per person increased by 15.31% to 35,081 shares [2]. - The stock price reached 28.50 yuan per share with a market capitalization of 60.889 billion yuan, and the trading volume was 578 million yuan, reflecting active trading [1]. Business Overview - Kaiying Network, established on January 3, 2000, and listed on December 7, 2010, primarily engages in game development and operation, with mobile games accounting for 73.03% of its revenue [1]. - The company operates in the media and gaming industry, focusing on cloud gaming, Tencent concepts, online games, mobile games, and e-sports [1]. Institutional Holdings - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 110 million shares, an increase of 4.262 million shares from the previous period [3]. - Other notable institutional shareholders include Huaxia CSI Animation Game ETF and Southern CSI 500 ETF, both of which have increased their holdings [3].