Kingnet Network Co (002517) Fair Value & Analysis

Communication Services · CN · Market cap 31.9B CNY

A solid business, but screening 16% overvalued on our models.

What matters now

• The model range is unusually wide (¥11.36 to ¥31.93). The outcome hinges heavily on assumptions, so read the point estimate with caution.
• Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

60‑month range ¥3.61 – ¥28.80 · fair‑value band ¥11.36 – ¥31.93 · the ¥17.93 price screens above the ¥15.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

Kingnet Network Co (002517) currently trades at ¥17.93, while our model-based Fair Value estimate is ¥15.15, implying the stock looks roughly 15.5% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Kingnet Network Co generated revenue of 6.2B CNY at a net margin of 35.0%. Revenue grew 64.2% year over year. It earns a return on equity of 25.0%. The balance sheet holds a net cash position of 3.2B CNY. Fundamentals as of Jul 22, 2026

Our scenario range runs from ¥11.36 (bear case) to ¥31.93 (bull case); at ¥17.93, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 41% below its 52-week high and 27% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at -19% fair-value upside, at -16%, 002517 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: Growth Earnings (¥24.56) versus Dividend Discount (¥1.61). Highest evidence: Residual Income (76).

Key figures & financial health

Quality Score breakdown

About the company

Kingnet Network Co., Ltd. engages in the development, operation, and distribution of mobile and operations in China and internationally.

Full company description

Kingnet Network Co., Ltd. engages in the development, operation, and distribution of mobile and operations in China and internationally. The company offers and operates game brands and Ips, including Gods of War: Shadow Princess (MMO game for iOS and Android in Hong Kong, Macau, and Taiwan), Original Legend, Angel War, Eternal Alliance, Chinese Paladin (A New Beginning), Mobile Suit Gundam Series, OVERLORD Nobunaga's Ambition(The Way of Heaven), Legend of Sword and Fairy, Gu Long Heroes (Gu Long's martial arts series novels), Red Moon, Xuan-Yuan Sword, Hope 0L, Legend of Wonderland, Black Cat Sheriff, Monopoly, Sui Shi Ling (Chinese traditional culture festival IP), and Baigongling (traditional Chinese handicrafts IP). It also serves a broad user base through its online and offline distribution channels, including domestic and international platforms, multimedia account matrices, live broadcast, and short video incubation businesses. In addition, the company offers internet technology and animation products. The company was founded in 2000 and is based in Shanghai, China.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kingnet Network Co reported revenue of ¥5.3B in FY2025 versus ¥2.4B in FY2021, a compound +22.4%/yr. Reported net income was ¥1.9B in FY2025, compounding +34.8%/yr from FY2021.

002517 screens 16% overvalued. Compare with NetEase, Inc →

Peer Group

Electronic Gaming & Multimedia · 152 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Electronic Gaming & Multimedia median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.