截至12月19日，恺英网络股东户数8.10万，较上期减少3.55%；人均流通股23324股，较上期增加 3.68%。2025年1月-9月，恺英网络实现营业收入40.75亿元，同比增长3.75%；归母净利润15.83亿元，同 比增长23.70%。 分红方面，恺英网络A股上市后累计派现12.12亿元。近三年，累计派现8.52亿元。 机构持仓方面，截止2025年9月30日，恺英网络十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股6619.38万股，相比上期减少4395.77万股。华夏中证动漫游戏ETF（159869）位居第五大 流通股东，持股4917.01万股，相比上期增加1024.63万股。南方中证500ETF（510500）位居第八大流通 股东，持股2489.52万股，相比上期减少45.42万股。交银精选混合（519688）位居第九大流通股东，持 股1724.99万股，相比上期减少311.59万股。 责任编辑：小浪快报 1月7日，恺英网络盘中下跌2.01%，截至13:48，报23.87元/股，成交9.34亿元，换手率2.04%，总市值 509.97亿元。 资金流向方面，主力资金净流入2451.73 ...

截至发稿，乔华国累计任职时间2年60天，现任基金资产总规模3.35亿元，任职期间最佳基金回报 55.59%， 任职期间最差基金回报-2.05%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 1月6日，恺英网络涨5.06%，截至发稿，报24.50元/股，成交18.42亿元，换手率4.10%，总市值523.43亿 元。 资料显示，恺英网络股份有限公司位于上海市浦东新区耀华路899号世博耀华商务中心A座15层，成立 日期2000年1月3日，上市日期2010年12月7日，公司主营业务涉及1)游戏业务:手游与页游等精品娱乐内 容的研发、运营及发行;(2)平台业务:网页游戏平台、移动应用分发平台的运营。主营业务收入构成为： 移动游戏73.03%，信息服务25.47%，网页游戏1.50%，其他业务0.00%。 从基金十大重仓股角度 数据显示，兴银基金旗下1只基金重仓恺英网络。兴银消费新趋势灵活配置A（004456）三季度减持1.07 万股，持有股数2.91万股，占基金净值比例为3. ...

Core Viewpoint - Century Huatong's share buyback demonstrates confidence, with strong revenue growth expected in 2025 and profit release in 2026, supported by a rich pipeline of new products [1] Group 1: Company Overview - Century Huatong is a leading global mobile game company, primarily focused on the SLG (Simulation and Strategy Game) sector while also expanding into the casual gaming segment, creating a "dual-track" growth strategy [1] - The company has released several blockbuster mobile games in recent years, contributing to its increasing scale and performance [1] Group 2: Financial Outlook - The research report highlights the robust operation of existing products and the growth potential of upcoming new products, indicating a positive outlook for the company's financial performance [1] - The report initiates coverage with a "buy" rating based on the company's strong operational and research capabilities [1]

陈星宇累计任职时间118天，现任基金资产总规模9063.44万元，任职期间最佳基金回报6.42%， 任职期 间最差基金回报6.26%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 1月5日，恺英网络涨5.08%，截至发稿，报22.98元/股，成交2.99亿元，换手率0.69%，总市值490.95亿 元。 联博智选混合A（020842）成立日期2024年4月1日，最新规模5598.74万。今年以来收益24.43%，同类 排名3823/8155；近一年收益24.43%，同类排名3823/8155；成立以来收益33.13%。 联博智选混合A（020842）基金经理为朱良、陈星宇。 截至发稿，朱良累计任职时间21年187天，现任基金资产总规模2.4亿元，任职期间最佳基金回报 33.13%， 任职期间最差基金回报-18.42%。 资料显示，恺英网络股份有限公司位于上海市浦东新区耀华路899号世博耀华商务中心A座15层，成立 日期2000年1月3日，上市日期2010年12月7日， ...

兴银消费新趋势灵活配置A（004456）成立日期2017年6月15日，最新规模1010.05万。今年以来收益 23.7%，同类排名3926/8085；近一年收益22.62%，同类排名3880/8085；成立以来收益63.46%。 兴银消费新趋势灵活配置A（004456）基金经理为乔华国。 截至发稿，乔华国累计任职时间2年54天，现任基金资产总规模3.35亿元，任职期间最佳基金回报 55.3%， 任职期间最差基金回报-2.32%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 12月31日，恺英网络涨1.13%，截至发稿，报22.33元/股，成交3.54亿元，换手率0.85%，总市值477.07 亿元。 资料显示，恺英网络股份有限公司位于上海市浦东新区耀华路899号世博耀华商务中心A座15层，成立 日期2000年1月3日，上市日期2010年12月7日，公司主营业务涉及1)游戏业务:手游与页游等精品娱乐内 容的研发、运营及发行;(2)平台业务:网页游戏平台、移动应用分发平台 ...

从基金十大重仓股角度 数据显示，富安达基金旗下1只基金重仓恺英网络。富安达新兴成长混合A（000755）三季度持有股数 14.64万股，占基金净值比例为5.77%，位居第七大重仓股。根据测算，今日浮亏损失约3.66万元。 富安达新兴成长混合A（000755）成立日期2014年9月11日，最新规模5413.84万。今年以来收益 29.79%，同类排名3210/8085；近一年收益28.21%，同类排名3154/8085；成立以来亏损18.1%。 富安达新兴成长混合A（000755）基金经理为杨红。 截至发稿，杨红累计任职时间6年191天，现任基金资产总规模2.26亿元，任职期间最佳基金回报 65.42%， 任职期间最差基金回报-30.01%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 12月31日，恺英网络跌1.13%，截至发稿，报21.83元/股，成交1.87亿元，换手率0.45%，总市值466.39 亿元。 资料显示，恺英网络股份有限公司位于上 ...

截至12月10日，恺英网络股东户数8.40万，较上期减少0.41%；人均流通股22495股，较上期增加 0.41%。2025年1月-9月，恺英网络实现营业收入40.75亿元，同比增长3.75%；归母净利润15.83亿元，同 比增长23.70%。 分红方面，恺英网络A股上市后累计派现12.12亿元。近三年，累计派现8.52亿元。 12月29日，恺英网络跌1.66%，成交额10.33亿元。两融数据显示，当日恺英网络获融资买入额1.12亿 元，融资偿还8484.28万元，融资净买入2707.47万元。截至12月29日，恺英网络融资融券余额合计9.34 亿元。 融资方面，恺英网络当日融资买入1.12亿元。当前融资余额9.25亿元，占流通市值的1.97%，融资余额 超过近一年90%分位水平，处于高位。 融券方面，恺英网络12月29日融券偿还5400.00股，融券卖出1.13万股，按当日收盘价计算，卖出金额 24.84万元；融券余量40.92万股，融券余额899.42万元，低于近一年20%分位水平，处于低位。 资料显示，恺英网络股份有限公司位于上海市浦东新区耀华路899号世博耀华商务中心A座15层，成立 日期2000年1 ...

Trade and Economic Data - In the first 11 months of this year, China's total goods trade value reached 41.21 trillion yuan, reflecting a year-on-year growth of 3.6% [1] - Exports amounted to 24.46 trillion yuan, increasing by 6.2%, while imports were 16.75 trillion yuan, showing a slight growth of 0.2% [1] - Trade with countries involved in the Belt and Road Initiative reached 21.33 trillion yuan, marking a 6% increase and accounting for 51.8% of China's total foreign trade [1] - Private enterprises in China recorded a total import and export value of 23.52 trillion yuan, which is a year-on-year increase of 7.1% [1] AIDC Energy Storage Market - The global AIDC (Artificial Intelligence Data Center) energy storage market is expected to experience explosive growth, with lithium battery shipments projected to exceed 300 GWh by 2030, which is 20 times the 15 GWh expected in 2025 [2] E-commerce and Taxation - Japan's government proposed a tax reform that requires e-commerce platforms with annual sales exceeding 5 billion yen to collect consumption tax on behalf of cross-border sellers, effective from 2026 [3] Mobile Gaming Revenue - In November, 33 Chinese companies ranked among the top 100 global mobile game publishers, collectively generating revenue of 19.5 billion USD, which accounts for 35.8% of the total revenue of the top 100 publishers [4] Cross-border E-commerce Developments - The well-known video blogger team "Yingshi Pifeng" has joined Alibaba's international platform, utilizing AI to expand overseas markets and has received cooperation intentions from over 30 countries [5] - The cross-border marketing service provider Miduo Duo has submitted its prospectus for a mainboard listing on the Hong Kong Stock Exchange, showing steady revenue growth from 65.17 million USD in 2022 to 71.13 million USD in 2024 [6] - Amazon is reportedly considering ending its long-term contract with the USPS, which has generated over 6 billion USD in annual revenue for USPS [7] Financing and Growth - AirCloud has completed a Series G financing round, raising 330 million USD, with a valuation of 8 billion USD, marking a nearly 30% increase from its previous funding round [8] - JD Logistics reported a doubling of order volume from its global overseas warehouses during the Black Friday sales event [10] - TEMU signed a memorandum of understanding with bpost to enhance cross-border e-commerce supply chain capabilities [11] - FundPark announced a partnership with HSBC Express Finance to provide embedded financial services to local sellers in Hong Kong [12] Performance of Chinese Goods in Russia - Russian e-commerce platform OZON reported a fivefold increase in order volume for Chinese goods during the Black Friday sales, indicating a growing demand and market penetration for Chinese products in Russia [13]

Core Insights - The stock price of Kaiying Network increased by 2.02% on December 1, reaching 22.77 CNY per share, with a total market capitalization of 48.647 billion CNY [1] - Year-to-date, the stock has risen by 68.54%, but has seen a decline of 8.11% over the past 20 days [1] Financial Performance - For the period from January to September 2025, Kaiying Network reported a revenue of 4.075 billion CNY, representing a year-on-year growth of 3.75%, and a net profit attributable to shareholders of 1.583 billion CNY, which is a 23.70% increase year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.212 billion CNY, with 0.852 billion CNY distributed over the last three years [3] Shareholder Information - As of November 20, 2025, the number of shareholders increased to 83,000, up by 8.68%, while the average circulating shares per person decreased by 7.98% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 66.1938 million shares, a decrease of 43.9577 million shares from the previous period [3]

Group 1 - The core viewpoint of the news is that Kaiying Network's stock has increased by 5.14%, reaching a price of 22.48 CNY per share, with a total market capitalization of 48.027 billion CNY [1] - Kaiying Network's main business includes game development, operation, and distribution, with mobile games contributing 73.03% to revenue, followed by information services at 25.47% and web games at 1.50% [1] - The company is located in Shanghai and was established on January 3, 2000, with its listing date on December 7, 2010 [1] Group 2 - According to data, the Tai Xin Industry Selected Mixed A Fund holds 544,100 shares of Kaiying Network, accounting for 6.87% of the fund's net value, making it the third-largest holding [2] - The fund has generated a floating profit of approximately 598,500 CNY today [2] - The fund was established on February 22, 2012, and has a current scale of 182 million CNY, with a year-to-date return of 6.21% [2] Group 3 - The fund manager of Tai Xin Industry Selected Mixed A is Wang Boqiang, who has a tenure of 10 years and 257 days, with a total asset scale of 789 million CNY [3] - Wang Boqiang's best fund return during his tenure is 112.25%, while the worst return is -38.8% [3] - Co-manager Chen Ying has a tenure of 3 years and 314 days, with a total asset scale of 353 million CNY, achieving a best return of 19.52% and a worst return of -15.56% [3]