Shanghai, 29 April 2025 — KingNet Network Co., Ltd. (SZ.002517) has released its 2024 Sustainability & ESG Report, presenting a year of robust financial performance, accelerated AI innovation, and expanding cultural influence across global markets. This edition marks the company’s 10th ESG Report and its third standalone Sustainability Report, reflecting its growing sophistication in sustainability governance and climate disclosure.

According to the report, KingNet achieved revenue of RMB 5.118 billion in 2024, representing a year-on-year increase of 19.16%, with total profit reaching RMB 1.673 billion and net profit attributable to shareholders rising 11.41%. Overseas publishing became a major growth engine, generating RMB 375 million in revenue—a surge of more than 221%—driven by strong performance in Southeast Asia, Hong Kong/Macau/Taiwan, South Korea and other emerging markets.

The company also reported major progress on climate transition. Total Scope 1 and 2 greenhouse gas emissions dropped by 59% to 339.67 tCO2e, while emissions intensity fell to 0.07 tCO2e per RMB million revenue. KingNet increased its use of green electricity significantly, purchasing 1,100 MWh of green power certificates, which raised renewable electricity consumption to more than 70% of its total usage. Tree-planting projects in Xinjiang further contributed to carbon offset efforts. KingNet reaffirmed its commitment to achieving carbon-neutral operations by 2025 and full value-chain neutrality by 2035. The company also disclosed its climate data to CDP for the first time and received a “B” rating.

AI innovation emerged as a defining feature of KingNet’s 2024 development strategy. The company announced major breakthroughs in its proprietary “Xingyi” large model, which now supports an industrialised pipeline covering animation, map generation, asset creation, numerical modelling and code generation. Processes that previously required weeks can now be completed within minutes. The “Zhimeng” model delivered industry-leading benchmark results and passed Shanghai’s official Generative AI Service Review. Meanwhile, KingNet Chain, the company’s blockchain platform, enhanced its multi-chain architecture and released a series of digital artworks, including the “24 Solar Terms” charity collection, which issued 70,400 editions.

Cultural promotion continued to play a central role in the company’s ESG approach. The “Crafts and Qubits” IP expanded into comics, novels, animation, cultural products and museum collaborations, surpassing 100 million cumulative views and organising more than a dozen cultural public-welfare activities throughout the year. The “Seasonal Voice” IP accumulated over half a million followers and 29 million views across platforms, with its derivative novel Lantern Festival Joy entering live-action adaptation and filming in Hengdian. The “Yu Xi World” IP was selected for China–Europe cultural exchange programmes, further elevating the company’s global cultural footprint.

KingNet continued deepening its social responsibility commitments. In 2024, the company carried out 20 public welfare projects, investing RMB 7.38 million and providing nearly 1,600 volunteer service hours. Projects included rural art education under the “Coloured Plateau” programme, teacher training in Qinghai, Yunnan and Sichuan, health-education support for rural girls through the donation of 12,554 picture books, and game-literacy programmes aimed at strengthening digital education in remote areas.

Governance performance also strengthened notably. The company reported zero violations related to data security, privacy protection, anti-corruption, anti-addiction systems, content compliance and labour rights. Board diversity improved, with women representing 12.5% of directors, and all directors completing annual ESG and anti-corruption training. Throughout the year, KingNet updated or introduced 27 internal governance and compliance policies and received multiple recognitions for data-protection excellence and cybersecurity performance.

The company also achieved strong external ESG ratings, including a CDP Climate Rating of B, AAA from the CSI ESG Index, AA from CNI ESG, A from Wind, and a “Low Risk” score of 15.7 from Morningstar Sustainalytics.

Overall, the 2024 ESG Report highlights KingNet Network’s transition toward an integrated model of AI-powered innovation, low-carbon operations and cultural value creation. With its target of carbon-neutral operations approaching in 2025 and continued momentum in global publishing, the company positions itself as one of the most forward-leaning digital entertainment groups in Asia’s sustainability landscape.

For further details and complete disclosures, please download the full report from this website.