Group 1 - The 21st China Game Industry Annual Conference and the "Golden Finger" awards were successfully held in Shangrao, Jiangxi, with the mobile game "Naruto: Konoha Masters" by Zhongyou winning the "Excellent Mobile Game Award" [1][4] - The "Golden Finger" award, guided by the China Cultural Entertainment Industry Association, is considered one of the most authoritative and high-value professional awards in the Chinese gaming industry, aimed at recognizing outstanding cases, advanced enterprises, and typical individuals in the entertainment industry [3][6] - "Naruto: Konoha Masters" is a new mobile game that deeply replicates the essence of the "Naruto" animation, featuring classic characters, engaging storylines, and stunning jutsu effects, with original voice actors contributing to the game's authenticity [3][6] Group 2 - The Chinese gaming industry is undergoing profound structural changes against the backdrop of normalized licensing and market recovery, shifting competition from product and traffic battles to deeper ecological construction and value creation [4][7] - Zhongyou aims to deepen its IP gaming ecosystem through refined operations and long-term content updates, enhancing the vitality of classic IPs and promoting the integration of gaming with culture and technology [4][7] - Zhongyou is a leading global IP game operator, focusing on IP as its core, providing high-quality IP games through independent and joint development, and continuously creating premium content and interactive experiences around its own IP "The Legend of Sword and Fairy" [4][7]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 公司名稱: 中手游科技集团有限公司 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00302 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | 本月底法定/註冊股本總 ...

Core Insights - The Chinese mobile gaming industry is experiencing significant growth in research and development (R&D) investments, with the top 20 companies projected to invest over 99 billion yuan in 2024, marking an 8.8% year-on-year increase [1] - The domestic revenue from self-developed games is expected to exceed 260 billion yuan in 2024, reflecting a 1.7% increase compared to the previous year [4] - The overseas revenue from self-developed games is anticipated to surpass 18.5 billion USD in 2024, showing a 13.39% year-on-year growth [6] R&D Investments - The total R&D investment by the top 20 mobile gaming companies in China is projected to reach 99.02 billion yuan in 2024, with a continuous increase from 2017 to 2024 [1] - The number of R&D personnel in these companies has shown a declining trend, with a total of 15,721 employees in 2024, down by 1.66% year-on-year [3] - The median percentage of R&D personnel in the top 20 companies is 47.24% in 2024, which is a decrease of 5.97 percentage points from the previous year [3] Domestic Revenue - The actual sales revenue from self-developed games in the domestic market is projected to be 260.736 billion yuan in 2024, reflecting a 1.7% increase year-on-year [4] - The growth in domestic revenue is attributed to the expanding and maturing domestic gaming market, with companies focusing on self-developed games to capture market opportunities [4] Overseas Revenue - The overseas revenue from self-developed games is expected to reach 18.557 billion USD in 2024, marking a 13.39% increase compared to the previous year [6] - The overseas revenue has consistently exceeded 100 billion yuan for five consecutive years, driven by advancements in cloud gaming and AI technologies [6] - The primary markets for overseas revenue are the United States, Japan, and South Korea, contributing 31.06%, 17.32%, and 8.89% respectively to the total overseas income [8]

Group 1 - The AI concept stocks in the Hong Kong market have shown strong performance, with notable increases in share prices for companies such as Lion Group, which surged over 44%, and Zhipu, which rose nearly 17% [1][2] - A significant number of AI industry chain companies have been listed in the Hong Kong market since the beginning of 2026, sparking a new wave of AI investment enthusiasm and potentially leading the industry into an expansion cycle [1][2] - Open Source Securities has indicated that leveraging capital markets to enhance financing capabilities will benefit the industry by increasing investment in model research and development, thereby driving demand for computing power and accelerating the commercialization of AI applications [1] Group 2 - Institutions are increasingly optimistic about the new track of "Generative Engine Optimization" (GEO) within the AI sector, which is seen as a catalyst for the current market trend [1] - AI search is gradually transforming user decision-making paths, with implications for digital marketing, e-commerce, and the content and experience economy, all of which are expected to provide real-world scenarios for large models [1]

Core Viewpoint - The stock price of Zhongjiu Mobile (00302.HK) experienced significant fluctuations, rising over 6% during trading, with increased trading volume and heightened market attention [1] Group 1: Market Performance - The market saw active performance in related sectors, particularly companies like Yuedu Group, which focuses on IP operations [1] - The stock price movement coincides with a critical phase of AI technology accelerating its integration into the content industry, reflecting investors' growing expectations for the growth of the IP content industry driven by AI [1] Group 2: Company Insights - Zhongjiu Mobile is recognized as a leading global IP game operator, holding classic IPs such as "The Legend of Sword and Fairy" [1] - The company is expected to benefit from technological advancements due to its rich IP reserves and mature self-research and joint research capabilities, potentially initiating a new value growth cycle [1] Group 3: Future Outlook - By 2026, Zhongjiu Mobile plans to continue exploring the deep integration of "AI + gaming," focusing on innovation and transformation in gameplay to enhance product quality [1] - Ongoing developments in this area are anticipated to be of significant interest [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中手游科技集团有限公司 本月底法定/註冊股本總額： USD 500,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00302 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | USD | | 0.0001 | USD | | 500,000 | | 增加 / 減少 (-) | | | | | | | USD | | ...

Core Viewpoint - The Hong Kong stock market saw a collective surge in mobile game stocks, indicating a positive trend in the sector [1] Group 1: Stock Performance - Blueport Interactive rose over 10% [1] - Zhongjiu Mobile and Tanwan increased by over 6% [1] - NetEase and Feiyu Technology both saw gains of over 5% [1] - Boya Interactive climbed over 4% [1] - Friendship Time and Tencent both grew by over 3% [1] - NetDragon, Kingsoft, Bilibili, ZhiJianYueDong, and Seventh Avenue all experienced increases of over 2% [1]

Group 1 - The stock price of the gaming company Zhongyou (0302.HK) experienced a significant movement today, with a notable increase of 5.41% during trading [1]

Core Viewpoint - The stock price of Zhongjiu Game (0302.HK) experienced a significant increase of 5.41% on December 31, attributed to the recent positive developments surrounding its core IP "The Legend of Sword and Fairy" in both film and game sectors, leading to heightened market attention and value expectations [1] Group 1: Company Developments - The release of the first trailer for the remastered version of "The Legend of Sword and Fairy 4," developed using Unreal Engine 5, has generated considerable buzz on social media and gaming communities [1] - The official authorized animation "The Legend of Sword and Fairy 3" premiered exclusively on Tencent Video, achieving over 1 million reservations before its launch and quickly topping the platform's anime trending list [1] Group 2: Market Impact - Zhongjiu Game has been actively enhancing the ecosystem around the "The Legend of Sword and Fairy" IP by expanding into animation, film, and merchandise, with positive results becoming increasingly evident [1] - The ongoing development of the remastered version and the continuous output of derivative content are expected to generate user feedback, traffic effects, and potential commercial benefits, which will influence market assessments of Zhongjiu Game and the value of the "The Legend of Sword and Fairy" IP [1]

Core Insights - The classic IP "The Legend of Sword and Fairy" (referred to as "Xianjian") has released significant updates, including a trailer for the remastered version of "Xianjian 4" and the premiere of the official animation "Xianjian 3" [1][3] Group 1: Game Development - The remastered version of "Xianjian 4" utilizes Unreal Engine 5 (UE5) to reconstruct scenes and character models, significantly enhancing visual quality and interactive experience while preserving the essence of the original storyline [3] - The remastered version aims to meet the emotional expectations of long-time players and inject new technological vitality into the IP [3] Group 2: Animation and Content Distribution - The animation "Xianjian 3" seeks to balance nostalgia and innovation, leveraging Tencent Video's distribution capabilities to reach a broad user base, laying the groundwork for long-term content output [5] - The pre-launch reservation for "Xianjian 3" exceeded 1 million, and it quickly ranked on the platform's anime trending list after its release [1] Group 3: IP Management and Strategy - Since 2021, Zhongyou Mobile has secured the global complete rights to the "Xianjian" IP and has engaged in strategic partnerships across various fields to enhance the IP's value [5] - The company is actively developing multiple projects for the IP, including short dramas and films, indicating a long-term and diversified approach to IP adaptation [5] - As the gaming industry shifts to a phase of stock competition, classic IPs with high recognition and emotional resonance are becoming key assets for companies to build long-term competitiveness [5]