KINGNET(SZ:002517) Xin Lang Cai Jing·2025-10-09 01:31Core Viewpoint - Kaiying Network has shown a stable performance in terms of financing and stockholder engagement, with a slight increase in revenue and net profit year-on-year, indicating potential growth opportunities in the gaming industry [1][2][3]. Financing Summary - On September 30, Kaiying Network had a financing buy-in amount of 83.70 million yuan, with a net financing buy of 14.65 million yuan, indicating strong investor interest [1]. - The total financing and securities balance reached 687 million yuan, with the financing balance at 665 million yuan, accounting for 1.11% of the circulating market value, which is above the 90th percentile level over the past year [1]. - The company also experienced a securities lending activity with a repayment of 108,100 shares and a sell amount of 47,000 shares, with a total securities lending balance of 21.14 million yuan, also above the 90th percentile level [1]. Business Performance Summary - For the first half of 2025, Kaiying Network reported a revenue of 2.578 billion yuan, reflecting a year-on-year growth of 0.89%, while the net profit attributable to shareholders was 950 million yuan, up 17.41% year-on-year [2]. - The company's main business revenue composition includes mobile games (73.03%), information services (25.47%), and web games (1.50%) [1]. Shareholder and Dividend Information - As of September 19, the number of shareholders increased to 59,000, a rise of 9.55%, while the average circulating shares per person decreased by 8.71% to 32,024 shares [2]. - Since its A-share listing, Kaiying Network has distributed a total of 1.212 billion yuan in dividends, with 852 million yuan distributed over the past three years [3]. - Notable institutional holdings include Hong Kong Central Clearing Limited as the second-largest shareholder with 110 million shares, and various ETFs showing increased holdings [3].