1月27日，顺网科技（300113.SZ）发布2025年度业绩预告显示，预计归属于上市公司股东的净利润达 3.6亿–4.3亿元，同比增长42.92%–70.71%；扣除非经常性损益后的净利润为2.8亿–3.2亿元，同比增长 28.35%–46.68%，核心盈利能力显著增强。 公告称，公司业绩增长主要得益于战略聚焦核心主业，持续强化产品研发与技术创新，推动高毛利业务 规模扩张，经营效率稳步提升；同时，经初步评估，本期无重大商誉减值风险，资产质量稳健。此外， 非经常性损益预计为8,000万–11,000万元，较上年同期3,372.19万元大幅增加，主要源于其他非流动金融 资产公允价值变动收益、理财产品收益及政府补助，对净利润形成有力支撑。 交流中，顺网科技表示，后续公司将凭借"ChinaJoy"在行业内的品牌和渠道优势，逐步强化IP的影响 力，专注于为年轻消费群体提供创新的品牌推广与产品体验服务，丰富内容多元化；此外也将进一步推 动与文创、游戏、动漫等头部IP 的业务合作，为品牌注入更多活力。 同时ChinaJoy积极拓展全球合作 网络，2025年12月，ChinaJoy国际版展区正式亮相BRIDGE2025峰会 ...

Group 1: Core Business and Revenue Contribution - The company's main business includes significant contributions from online advertising value-added services, with digital marketing advertising revenue accounting for 79.23% and gaming revenue for 20.6% in the first half of 2025 [1] - The digital marketing advertising business enhances ad conversion efficiency through big data analysis, implementing a "one-to-one" advertising push model [1] - The company maintains a daily business cooperation with Douyin in internet advertising promotion, with Douyin Live serving as the official content cooperation platform for ChinaJoy [1] Group 2: Gaming Business and Technological Advancements - The company's gaming revenue primarily comes from mobile and PC game item consumption, with a focus on the asymmetric competitive card mobile game "Three Kingdoms: Hundred Generals Card" in 2026 [2] - The development of 5G technology supports cloud gaming, lowering user barriers and enhancing gaming experiences through a cloud gaming platform [2] - The company promotes the light asset transformation of internet cafes and esports hotels through a "rent instead of buy" model, integrating cloud gaming technology for seamless multi-terminal access [2] Group 3: Integration of Esports and AI - The launch of "Shunwang Esports Cloud Computer CITY Edition" extends cloud services from the esports sector to broader urban and digital consumption scenarios [3] - The company combines AI technology with products like "Network Maintenance Master" and "Internet Cafe Manager" to provide intelligent maintenance, security protection, and user profiling services [3] - The company has developed a computing power service platform that meets various intelligent computing needs, including cloud esports and AI model training [3] Group 4: Profit Forecast - Revenue projections for the company are estimated at 2.133 billion, 2.467 billion, and 2.707 billion yuan for 2025-2027, with net profits of 365 million, 459 million, and 575 million yuan respectively [4] - Earnings per share (EPS) are forecasted to be 0.53, 0.67, and 0.84 yuan for the same period, with corresponding price-to-earnings (PE) ratios of 37.9, 30.2, and 24.1 times [4] - The digital marketing advertising business remains promising under AI empowerment, with attention on new gaming products in 2026 and the integration of esports and AI to build a smart ecosystem [4]