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China Great Wall Securities: The media sector's performance is relatively flat with a slight decline in profitability. The valuation of the media sector has elasticity.
Looking back, under the policies such as "cultural strong country" and "cultural going global", the media industry is expected to enter a stable period of high-quality content online, as an industry where demand is largely driven by supply, its fundamentals are expected to improve.
At CN¥13.80, Is It Time To Put Kingnet Network Co., Ltd. (SZSE:002517) On Your Watch List?
Zhongtai Securities: In 24Q3, the internal investment in game funds contracted while expanding externally, improving profitability.
Against the backdrop of economic contraction, the cost reduction and efficiency improvement effects are gradually appearing, enhancing profitability. The operating profit for 24Q1~24Q3 was 2.4, 2.755, 3.163 billion respectively, with a significant increase of 14.8% quarter-on-quarter in 24Q3.
tianfeng Securities: Policy positives combined with orderly supply release. Focus on the improvement of the operating situation of media companies in Q4.
In terms of gaming, Beijing Ultrapower Software (300002.SZ) and Kingnet Network (002517.SZ) achieved high growth in the third quarter of 2024, and the fundamental improvement of the gaming sector in the fourth quarter can be expected.
Kaiying Network: Report for the third quarter of 2024
Kingnet Network's Q3 revenue and net profit both doubled, with a recent intensive testing of new games under its umbrella. | Interpretations
①In the domestic mobile gaming market, Q3 has seen a rebound, kingnet network (002517.SZ) with rich IP reserves achieved double growth in revenue and net profit, exceeding the general expectations of institutions; ②Since the beginning of the year, the company has already obtained ten game licenses, ranking at the forefront of the industry in reserves, and multiple new games have recently started testing.
Is It Time To Consider Buying Kingnet Network Co., Ltd. (SZSE:002517)?No Data
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