新游戏表现亮眼，三七互娱三季度净利润同比增长49.24%

Core Viewpoint - The financial report of Sanqi Interactive Entertainment for Q3 2025 shows a mixed performance with a slight decline in revenue but a significant increase in net profit, indicating effective management and successful new game launches [1][3]. Financial Performance - Q3 revenue was 3.975 billion yuan, a year-on-year decrease of 3.23% - Q3 net profit was 944 million yuan, a year-on-year increase of 49.24% - Revenue for the first three quarters was 12.461 billion yuan, a year-on-year decrease of 6.59% - Net profit for the first three quarters was 2.345 billion yuan, a year-on-year increase of 23.57% [1]. Profit Distribution Plan - The company plans to distribute cash dividends of 2.10 yuan per 10 shares (including tax) to all shareholders, with no stock dividends or capital reserve transfers [3]. Cost Management - Sales expenses for the first three quarters were 6.199 billion yuan, down 19.54% from 7.704 billion yuan in the same period last year, attributed to reduced marketing costs as certain games matured [3]. Game Performance - New games launched this year, including "Time Explosion," "Heroes No Flash," and "Douluo Continent: Soul Hunting World," have performed well, contributing significantly to revenue growth [1][3]. - "Time Explosion" reached 4th place in the WeChat mini-game sales ranking shortly after launch, while "Heroes No Flash" entered the top five on iOS and topped the WeChat mini-game sales chart in April [3]. Product Pipeline - The company has several new games in development across various genres, including SLG, MMORPG, card games, and simulation management, indicating a robust product pipeline [4].