Kaiying Network once again released a forecast of Yingxi, and the net profit in 2021 pre-increased by 209%-265%

Songguo Finance was informed that according to the financial industry, Kaiying Network released a 2021 annual performance forecast, and the company is expected to achieve a net profit attributable to the shareholders of listed companies of 550 million to 650 million yuan in 2021, an increase of 209% to 265% year-on-year; and a net profit after deducting non-recurring gains and losses of 430 million to 560 million yuan, an increase of 457% to 625% year-on-year. Overall, Kaiying Network has continuously cleared away development obstacles and continued its good growth trend again.

Kaiying Network's continuous growth, in addition to benefiting from the company's good performance in the operation of new games and the continuous contribution of old games, is also closely related to the company's continuous improvement of corporate governance, determining the correct strategic direction, and focusing on the main business of games to build a performance moat. "During the reporting period, the company's original operation of "Original Legend", "Legend of the King", "High-skilled Hand Group" and other games continued to maintain a good revenue and profit contribution; at the same time, the newly launched operation of "Blood Strike", "Sword Art Online Black Swordsman: Ace" and "Demon God Hero Legend - Dragon Fighter" and other games performed well, and the revenue and profit increased significantly."

As the game industry enters the stage of high-quality competition, Kaiying Network will clearly adhere to the "focus on the main business of games" as the core strategic direction of the company's development, to create high-quality game products that meet the market demand, and establish three major business systems of research and development, distribution and investment + IP, to "create a multi-dimensional, three-dimensional research and development system" and "improve the complete distribution system of internal and external combination" to promote each other, and cooperate with the investment business to build a complete closed loop of the core business.

In order to make the organizational operation match the company's strategy, Kaiying Network continues to improve corporate governance, at the research and development level, Kaiying Network closely follows the trend of self-research in the game industry, puts forward the goal of gradually realizing "pipeline, standardization, modularization and automation" of the self-research system, and two self-developed IP products "Sword Art Online Black Swordsman: Ace" and "Legend of the Demon God Hero - Dragon Fighter" were officially launched. The launch of the two major explosions of "Original Legend" and "Blood Combination" shows that the company has obvious competitive advantages and moats in the field of "legendary" product research and development. With the gradual clarity of strategic direction and the continuous adjustment of the organizational strategy, Kaiying network product matrix continues to enrich, and game products gradually change to high-quality and diversified.

It is worth mentioning that thanks to the accurate investment layout and IP reserves, Kaiying Network's current product reserves are very rich, including heavy MMO products such as miracle IP genuine authorized products, medium and light game IP adaptation products such as "Paladin Legend" IP authorized custom products, literature, film and television, animation IP adaptation products such as "Journey to the West", "Yitian Slaughter dragon" IP authorized custom products; digital raccoon research and development products "Youkai Zhengchuan 2" and so on are expected to be put into operation this year, adding "Douluo Continent", "Tomb Robber Notes", "Notes on the Tomb", "Notes on the Tomb", " The Legend of Paladin Sword and the Legend of the Paladin Sword" and "About My Rebirth into Slime" 4 head top IP authorization, independent incubation IP "Blue Moon Era" novel continues to be serialized, cooperation with Palm Reading Technology in the field of animation, in-depth cooperation with China Online Writer Village, and the establishment of a joint venture company to focus on the creation of the drama world view in the field of games.

In addition to focusing on the progress and breakthroughs made in the main business of games, Kaiying Network has continuously expanded its extended responsibilities such as community responsibility, environmental responsibility, and public welfare charity around ESG governance. The company adheres to the core of user value, firmly fulfills the basic responsibilities of government responsibility, shareholder responsibility, employee responsibility, customer responsibility, etc., and is committed to building a game enterprise with a sense of social responsibility.

With excellent performance, continuous enrichment of product reserves and corporate governance, Kaiying Network has been frequently recognized by the capital market, and in 2021, securities companies such as Pacific Securities, New Era Securities, and Shanghai Securities have issued more than 6 research reports, giving companies "buy" or "overweight" ratings. It is foreseeable that as the company continues to sweep away the haze of development and gradually clear out the risk elements, the company will further focus on the "troika", enhance the competitiveness of the main business in an all-round way, and accelerate the pace of game quality and global transformation.