Kingnet Network 恺英网络
4 significant filings since 29 May 2026: 1 on guarantee or financial assistance, 1 on earnings pre-announcement and 1 on major holder buying, and 1 other kind. The latest, on 15 Aug 2026: 关于向相关金融机构申请综合授信额度并提供担保的进展公告. On 14 Jul 2026 the company said it expects net profit for the period ending 30 Jun 2026 to rise by 36.84% to 64.20% from the same period a year earlier.
自 29 May 2026 起有 4 份重大公告：guarantee or financial assistance 1 份、earnings pre-announcement 1 份、major holder buying 1 份，另有 1 类。最新一份（15 Aug 2026）：关于向相关金融机构申请综合授信额度并提供担保的进展公告。14 Jul 2026 公司预告截至 30 Jun 2026 的净利润较上年同期上升 36.84% 至 64.20%。
As of 25 Sep 2026 截至2026年9月25日
Kingnet Network 恺英网络 is a video game company listed on the Shenzhen Stock Exchange since 7 Dec 2010. The company reported revenue of RMB5.32bn and attributable net profit of RMB1.90bn in 2025, with both figures rising from 2024. Profitability metrics remain strong, including an ROE of 23.1% and net margin of 35.7%. Operating cash flow per share was RMB1.06 in 2025, ahead of net profit. As of 30 Jun 2026, the balance sheet is healthy, with liabilities to assets at 25.8% and a current ratio of 2.67. The share price has declined significantly, falling 43.7% over one year. Recent volatility includes three 9%+ trading days in the past 12 months. Two litigation-related filings were made in early 2026, both concerning subsidiaries. No major equity transfers or acquisitions were disclosed beyond one transaction with undisclosed consideration.
恺英网络是一家于2010年12月7日在深圳证券交易所上市的游戏公司。2025年公司实现营业收入53.25亿元，归母净利润19.04亿元，均较2024年上升。盈利能力保持强劲，净资产收益率为23.1%，净利率为35.7%。2025年每股经营现金流为1.06元，高于净利润。截至2026年6月30日，资产负债率为25.8%，流动比率2.67，财务结构稳健。但公司股价在过去一年下跌43.7%，波动明显，近12个月有3个交易日涨跌幅达9%以上。2026年初披露两份涉诉公告，均与子公司相关。近12个月仅披露一项收购或股权转让，对价未披露。
| Flag 标记 | Risk 风险 | Mechanism 影响机制 |
|---|---|---|
| Share price down 40% or more in a year 股价一年下跌40%或以上 | The share price has fallen more than 40% in one year. 公司股价一年内下跌超过40%。 | The share price fell 43.7% over one year, from RMB28.74 to RMB16.17. Two litigation-related filings were published in early 2026, both concerning subsidiaries. 股价在一年内从28.74元跌至16.17元，跌幅为43.7%。2026年初发布了两份与子公司相关的诉讼仲裁公告。 |
- Next interim report's attributable net profit change for the period to 30 Sep 2026.
下一期财报中截至2026年9月30日的归母净利润同比变动。 - Operating cash flow per share in the next interim report.
下一期财报中的每股经营现金流。 - Any new filings on litigation involving the company or its subsidiaries.
涉及公司或子公司的新诉讼仲裁公告。 - Change in the largest holder's stake in the next shareholder structure update.
下一次股东结构更新中第一大股东持股比例变动。 - Disclosure of consideration amount for the recent equity transfer.
最近一次股权转让的对价金额披露。 - Next update on liabilities to assets and current ratio.
下一次资产负债率与流动比率的更新。
- Company: Kingnet Network 恺英网络, Shenzhen Stock Exchange 002517; industry Video Games; listed 7 Dec 2010.
公司：恺英网络，深圳证券交易所 002517；行业：游戏；上市日期：2010年12月7日。 - Close on 24 Sep 2026 RMB16.17; close on 24 Sep 2025 RMB28.94, RMB28.74 in today's terms; one-year change, adjusted for distributions and share changes -43.7%.
2026年9月24日收盘价16.17元；2025年9月24日收盘价28.94元（前复权28.74元）；一年涨跌幅（复权）-43.7%。 - 52-week range in today's terms, adjusted for distributions and share changes RMB14.18 to RMB28.80.
52周区间（前复权）14.18元至28.80元。 - In the last 12 months 3 trading days closed 9% or more above or below the day before (all days, not only this year). The 3 most recent of them: 13 Apr 2026 -10.0%; 15 Jul 2026 +10.0%; 29 Jul 2026 +10.0%. No two of the 3 fell on consecutive trading days.
近12个月共有3个交易日收盘涨跌幅达9%及以上（为全部交易日，不限于今年）。其中最近3个：2026年4月13日 -10.0%；2026年7月15日 +10.0%；2026年7月29日 +10.0%。其中任意两个交易日均不相邻。 - Market capitalisation RMB34.55bn; P/E TTM 14.5; price to book 3.29x.
总市值345.46亿元；市盈率（TTM）14.5；市净率3.29倍。 - Revenue 2025 RMB5.32bn; 2024 RMB5.12bn; change +4.0%.
营业收入2025年53.25亿元；2024年51.18亿元；同比+4.0%。 - Attributable net profit 2025 RMB1.90bn; 2024 RMB1.63bn; change +16.9%.
归属于母公司股东的净利润2025年19.04亿元；2024年16.28亿元；同比+16.9%。 - Net profit excluding non-recurring items, 2025 change +15.2%.
2025年扣除非经常性损益后的净利润同比+15.2%。 - Basic EPS 2025 RMB0.89; 2024 RMB0.77.
基本每股收益2025年0.89元；2024年0.77元。 - Operating cash flow per share 2025 RMB1.06; 2024 RMB0.81; operating cash flow to net profit 1.19x.
每股经营现金流2025年1.06元；2024年0.81元；经营现金流与净利润之比1.19倍。 - 2025 gross margin 80.8%; net margin 35.7%; ROE 23.1%.
2025年毛利率80.8%；净利率35.7%；净资产收益率23.1%。 - At 30 Jun 2026: liabilities to assets 25.8%; current ratio 2.67; quick ratio 2.66; receivable days 41; inventory days 9.
截至2026年6月30日：资产负债率25.8%；流动比率2.67；速动比率2.66；应收账款周转天数41；存货周转天数9。 - Period to 30 Jun 2026 (six months, not comparable with the full years above): revenue RMB4.80bn, change +86.1%; attributable net profit RMB1.43bn, change +50.3%; operating cash flow per share RMB0.68.
截至2026年6月30日的报告期（六个月，不可与上述全年数据直接比较）：营业收入47.97亿元，同比+86.1%；归母净利润14.28亿元，同比+50.3%；每股经营现金流0.68元。 - Pre-announcement of 14 Jul 2026 for the period to 30 Jun 2026: attributable net profit change +37% to +64%.
2026年7月14日发布的截至2026年6月30日业绩预告：归母净利润同比+37%至+64%。 - In the 12 months to 25 Sep 2026: 2 distinct filings classed critical, high or as a lift; by class: 2 filings classed Litigation. One filing can fall in more than one class, and several filings can concern one matter, such as the notice and the result of one auction.
截至2026年9月25日的近12个月：被归为重大、较高级别或解除类的公告共2份；按类别：归为诉讼仲裁的公告2份。同一公告可属多个类别，同一事项亦可有多份公告，例如同一拍卖的提示公告与结果公告。 - 21 Mar 2026, Litigation (high): filing titled 《关于子公司提起仲裁事项的进展公告》.
2026年3月21日，诉讼仲裁：公告《关于子公司提起仲裁事项的进展公告》。 - 12 Feb 2026, Litigation (high): filing titled 《关于子公司涉及诉讼仲裁的进展暨签订和解协议的公告》.
2026年2月12日，诉讼仲裁：公告《关于子公司涉及诉讼仲裁的进展暨签订和解协议的公告》。 - Ownership: actual controller 金锋; largest holder at 30 Jun 2026: 金锋, 15.54%.
股权：实际控制人：金锋；2026年6月30日第一大股东：金锋，持股15.54%。 - Latest distribution: ex-date 9 Jun 2026, cash RMB0.10 per share.
最近一次分配：除权除息日2026年6月9日，每股现金0.10元。 - Acquisitions and equity transfers filed in the last 12 months: 1; largest consideration not shown.
近12个月披露的收购与股权转让：1项；最大对价未披露。 - Aurelian Grade B, score 73.3 of 100, graded within a peer group of 24 companies in its industry; no rank among peers is given.
金源评级B，得分73.3（满分100），于行业同业24家中评定；未提供其在同业中的排名。 - Not held for this report: receivable ageing, litigation case amounts, the order book, the auditor's opinion and key audit matters, segment revenue.
本报告未掌握：应收账款账龄、诉讼案件金额、在手订单、审计意见及关键审计事项、分部收入。