三季度净利大增VS股价连跌！顺网科技回应投资者76问：营收下滑原因与算力进展成焦点

Core Viewpoint - Shunwang Technology reported a significant increase in net profit for Q3 2025, yet its stock price fell sharply, raising concerns among investors about the company's market performance despite positive financial results [2][3]. Financial Performance - For Q3 2025, Shunwang Technology's operating revenue was 498 million yuan, a year-on-year decrease of 15.4% [3][4]. - The net profit attributable to shareholders was 162 million yuan, reflecting a year-on-year increase of 39% [3][4]. - The net profit after deducting non-recurring gains and losses was 151 million yuan, up 28.3% year-on-year [3][4]. Market Reaction - Following the release of the Q3 report, the company's stock price dropped by 5.8% and 7.6% on consecutive trading days, despite the overall market rising above 4000 points [2]. - Investors expressed concerns about the stock price decline during an investor relations event, questioning the company's future performance and market management strategies [6]. Business Operations - The company stated that its main business is developing well, with ongoing projects in the esports and entertainment sectors [7]. - The decline in revenue was attributed to the optimization of the business structure, leading to a reduction in lower-margin operations [8]. Cloud Business Development - Shunwang Technology has completed the foundational phase of its cloud business and is now focusing on accelerating the construction of edge computing facilities and cloud integration for esports venues [11]. - The company has established over 300 edge data centers and 50,000 operational esports-grade computing units [11]. Future Growth Areas - The company is targeting three core scenarios for its computing services: low-latency support for esports, real-time interaction for cloud computing, and AI applications [12]. - Shunwang Technology is also expanding its gaming business with new mobile game developments and partnerships to enhance user engagement [13][14]. Strategic Considerations - The company is considering share buybacks and major shareholder increases based on strategic development plans, with any decisions to be disclosed in accordance with regulations [15].