Giant Network(SZ:002558) Mei Ri Jing Ji Xin Wen·2025-10-30 06:55Core Viewpoint - Giant Network has reported significant growth in revenue and net profit for the first three quarters of 2023, alongside a management change with the return of former CEO Liu Wei, raising expectations for the company's future performance and strategic direction [1][2][5]. Financial Performance - For the first three quarters of 2023, Giant Network's revenue reached 3.368 billion yuan, a year-on-year increase of 51.84%, while net profit was 1.417 billion yuan, up 32.31%. In Q3 alone, revenue and net profit saw year-on-year growth of 115.63% and 81.19%, respectively [1]. - The operating cash flow for the first three quarters was 1.851 billion yuan, a significant increase of 151.9% year-on-year [4]. Management Change - Zhang Dong, the current general manager, has resigned for personal reasons, and Liu Wei, who previously held the position, will return to lead the company [1][2]. - Liu Wei is recognized for his deep understanding of the company's strategy and management capabilities, which are expected to provide continuity during a critical transformation period [2][5]. Strategic Focus - The company aims to continue its "youth-oriented" strategy, with new products like "Supernatural Action Group" developed by a team of young talent [3][4]. - Liu Wei plans to implement an internal rotation mechanism to involve frontline developers in decision-making, aligning with the founder's philosophy of prioritizing player engagement over short-term revenue [3][4]. Product Development and AI Integration - The classic IP "Journey" has revitalized through multi-platform collaboration, contributing significantly to revenue, with "King's Journey" attracting over 25 million new users since its launch [4]. - AI technology is becoming a major growth driver, with the company launching its first game AI model, GiantGPT, and integrating AI features into existing games to enhance user engagement [4][5]. Global Expansion Challenges - Giant Network's overseas revenue remains low at 604.6 thousand yuan, accounting for only 0.36% of total revenue, highlighting a significant challenge in global market penetration [5]. - The company is focusing on building an overseas publishing team and enhancing localization capabilities to drive international growth, particularly for products like "Supernatural Action Group" [5].