Kingnet Network Anticipates Significant First-Half Profit Surge

Deep News07-13

On July 13, Kingnet Network Co.,Ltd. (002517) released a performance forecast, projecting a substantial increase in its net profit attributable to shareholders for the first half of 2026. The company expects this figure to reach between 1.3 billion yuan and 1.56 billion yuan, representing a year-on-year growth of 36.84% to 64.20%.

The forecast also indicates that the company's operating profit is anticipated to be in the range of 1.02 billion yuan to 1.32 billion yuan, which would mark an increase of 8.68% to 40.64% compared to the same period last year.

Key Drivers of Performance

The company attributed the strong performance to the successful operation of several games and its user platform business during the reporting period. Titles such as "Flaming Awakening," "The Legend of Sword and Fairy: A New Beginning," and "Three Kingdoms: The World's Return" are noted for their positive contributions, leading to significant growth in both overall revenue and profit.

Additional Financial Details

Furthermore, the company stated that its non-recurring net profit for the first half of 2026 is expected to be positively impacted by approximately 240 million yuan to 280 million yuan. This impact is primarily due to gains recognized from the settlement of an arbitration case with Legend IP Co., Ltd.

For the first quarter of 2026, Kingnet Network Co.,Ltd. had already reported robust results, with revenue of 2.221 billion yuan and a net profit attributable to shareholders of 781 million yuan.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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