Core Insights - The company, Kaiying Network, reported steady growth in its overall performance for 2025, with a revenue of 4.075 billion yuan, a year-on-year increase of 3.75%, and a net profit attributable to shareholders of 1.583 billion yuan, up 23.70% year-on-year [1][1][1] - The gross profit margin remained stable at over 83%, while the net profit margin attributable to shareholders increased to 38.86% [1][1][1] Business Strategy - In 2026, the company aims to enhance its four major business systems, focusing on R&D, publishing, investment + IP, and user platforms [1][1] - The R&D strategy will emphasize industrialized development through pipeline, standardization, modularization, and automation, targeting both nostalgic and innovative product lines to strengthen its market position [1][1] - The investment and IP strategy will focus on global high-profile IP resources, enhancing multi-category R&D reserves, and combining early-stage and strategic investments to empower both invested companies and self-developed systems [1][1]
恺英网络:围绕研发、发行、投资+IP与用户平台四大业务体系协同发力