On April 28, Kingnet Network Co.Ltd(002517) disclosed the annual report of 2021 and the first quarterly report of 2022. In 2021, Kingnet Network Co.Ltd(002517) achieved an operating revenue of 2.375 billion yuan, a year-on-year increase of 53.92%; The total profit was 936 million yuan, a year-on-year increase of 269.20%, and the net profit attributable to the parent company was 577 million yuan, a year-on-year increase of 224.14%. In the first quarter of 2022, the company continued the good growth trend again, achieving a year-on-year increase of 129.73% to 1.029 billion yuan in operating revenue, a year-on-year increase of 67.32% to 364 million yuan in total profit, and a year-on-year increase of 66.66% to 248 million yuan in net profit attributable to the parent company.
From the perspective of the long-term contribution of the original Legend game and the original Legend game, the company will continue to have excellent performance in 2021. In addition, the company’s new online games such as “hot blood”, “Legend of demon heroes” and “zero front” performed well, among which “Legend of demon heroes” won the first place in the free list of IOS games, the seventh place in the best-selling list of games and the second place in the best-selling list of cards; “Zero front” won the first place in the free list of IOS games on the first day of its launch.
In terms of game reserves, Kingnet Network Co.Ltd(002517) around the strategic investment layout and IP empowerment, further expanded the product line. It is reported that the company will continue to launch new products in terms of heavy IP, such as legends and miracles. In addition, the company will also launch light IP products such as the legend of swords and swordsmen – a new beginning, literary and comic IP products such as the journey to the west of the eight Dragon gods, the story of relying on heaven to kill dragons, and original IP products such as the true story of demons and Monsters 2. It is expected that with the support of all kinds of IP, the landing of the company’s new products will continue the high growth trend in the future.
In addition to making breakthroughs in focusing on the main game industry, Kingnet Network Co.Ltd(002517) in recent years, it has continuously improved corporate governance, providing an important internal driving force for long-term development. In particular, since the Fourth Board of directors of the company performed its duties, the corporate governance level has overcome many difficulties, successively assisted the company to resolve pledge risks, mediate shareholder disputes, cooperated with the investigation of public security organs and Securities Regulatory Commission, implemented employee equity incentives, took many measures to boost the company’s operating performance, kept clearing up litigation disputes, optimized historical investment and digested historical goodwill by stripping non-performing assets.
It is worth mentioning that, with the related industries of metauniverse gradually becoming the focus of market attention, Kingnet Network Co.Ltd(002517) through investing in Dapeng VR, one of China’s top vr50 enterprises, actively explored the field of metauniverse.
