KINGNET(SZ:002517) Zheng Quan Ri Bao Wang·2025-10-29 13:15Core Insights - The company reported a revenue of 1.497 billion yuan in Q3 2025, representing a year-on-year growth of 9.08%, and a net profit attributable to shareholders of 633 million yuan, up 34.51%, maintaining a dual growth trend in performance [1] - The company's robust growth is supported by the continuous deepening of its core business and the accelerated implementation of its platform strategy, with the Legend Box being a key contributor to performance [1][2] - The Legend Box platform has rapidly increased its daily active users since its preparation for launch in April 2020, and the company plans to develop it into a "multi-classic IP ecosystem platform" [2] Business Developments - The company has made progress in launching new products, expanding overseas, and returning value to shareholders, indicating a multi-point release of growth momentum [2] - The new product "Hot Blood Jianghu: Return" has entered public testing, with several other products in the pipeline, ensuring a stable succession of product iterations [2] - The AI game development platform "SOON" has entered the project application phase, significantly enhancing R&D efficiency, with expectations for commercialization by 2026 [2] International Expansion - The company is actively pursuing global distribution, establishing deep partnerships with numerous overseas channels, resulting in rapid revenue growth in recent years [3] - The company has implemented nine cash dividend distributions since its listing, totaling 1.212 billion yuan, demonstrating a stable cash dividend policy and a strong commitment to returning value to shareholders [3] - The major shareholders and management have committed to a "five-year no reduction" policy and reinvesting dividends into share purchases, reflecting confidence in the company's future development [3] Strategic Upgrade - The company's performance in Q3 indicates a strategic upgrade from product-driven to multi-driven growth, positioning it to better withstand cyclical fluctuations in the industry [3]