KINGNET(SZ:002517) Xin Lang Cai Jing·2025-10-30 10:56Core Insights - The company reported a significant net profit growth of 34.51% year-on-year for Q3 2025, driven primarily by the performance of its flagship product, the Legend Box, which contributed approximately 5.7 billion yuan in revenue [1][3]. Financial Performance - In Q3 2025, the company achieved total revenue of 14.97 billion yuan, reflecting a year-on-year increase of 9.08% [3]. - The net profit attributable to shareholders reached 6.33 billion yuan, with the profit growth rate outpacing revenue growth [3]. Business Segments - The Legend Box was a key revenue driver, contributing around 5.7 billion yuan, with brand zone service revenue accounting for approximately 2.45 billion yuan [3]. - The information services segment generated total revenue of 3.64 billion yuan, with the Legend Box contributing over 87% of this figure [3]. International Expansion - The company reported overseas revenue of 3.28 billion yuan for the first three quarters, representing 8.05% of total revenue and a year-on-year growth of 38.78% [4]. New Business Initiatives - The company is deepening its short drama business, with new projects like "Shangyuan Huan" and "Revolutionary Era" launched on platforms such as Tencent Video [4]. Capital Management - The company executed a share buyback plan, repurchasing 895,280 shares for approximately 2 billion yuan, with total buybacks exceeding 800 million yuan since 2019 [5]. Key Issues Addressed - The company addressed concerns regarding a significant increase in deferred tax liabilities, which rose to 820 million yuan, primarily due to the fair value changes of investments [6]. - Future plans for the Legend Box include collaborations with various gaming partners to enhance user engagement and market presence [6][7].