创新营销赋能，游戏+卡牌主业稳健增长

Investment Rating - The investment rating for the company is "Buy - A" [8][7]. Core Insights - The company has shown steady growth in its mobile gaming and card business, with mobile games like "Finger Fishing" and "Fishing Blast" receiving positive player feedback and awards from major tech companies [1]. - The card business has achieved stable growth through sales structure adjustments and is expanding its production capacity with a new factory project [1]. - The innovative marketing strategies and international expansion efforts are expected to create new business opportunities for the company [1]. Financial Data and Valuation - The company's revenue for 2023 is projected to be 4.307 billion yuan, a year-on-year increase of 10% [2]. - The net profit attributable to shareholders for 2023 is expected to be 562 million yuan, reflecting a significant year-on-year growth of 61.4% [2]. - The gross profit margin is forecasted to remain stable around 37.6% for 2023 [2]. - Earnings per share (EPS) is projected to increase from 1.36 yuan in 2023 to 2.02 yuan by 2026 [2]. - The price-to-earnings (P/E) ratio is expected to decrease from 18.0 in 2023 to 12.1 in 2026, indicating potential valuation improvement [2].