KINGNET(SZ:002517) Zhong Zheng Wang·2025-10-29 13:53Core 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 of 633 million yuan, up 34.51%, maintaining a dual growth trend in performance [1] Group 1: Business Performance - The company's core business continues to deepen, and the acceleration of its platform strategy has contributed to steady growth [1] - The "Legend Box" platform has maintained high activity levels, providing significant support for the company's performance growth [1] Group 2: Market Position and Strategy - The "Legend" game segment has a vast user base exceeding 150 million, with a market space estimated between 35 billion to 40 billion yuan, but faces challenges such as version fragmentation and decentralized competition [2] - The "Legend Box" platform aggregates over a thousand "Legend" games and offers a comprehensive service experience, enhancing user engagement and monetization channels [2][3] Group 3: Product Development and Innovation - The company has launched new products, including "Blood of Heroes: Return," and has a pipeline of several licensed IP adaptation games, ensuring a stable product iteration [4] - The AI game development platform "SOON" has entered the project application phase, significantly improving development efficiency, with commercialization expected by 2026 [4] Group 4: International Expansion - The company has established deep partnerships for global distribution, achieving rapid revenue growth in overseas markets, with foreign income rising from 117 million yuan in 2023 to 202 million yuan in the first half of 2025 [5] Group 5: Shareholder Returns - The major shareholders and management have committed to a "five-year no reduction" policy, with significant share buybacks and cash dividends totaling 1.212 billion yuan since the company's listing, reflecting confidence in future development [6]