Investment Rating - The report maintains a "Positive" investment rating for the gaming sector [7]. Core Insights - The gaming industry continues to show strong performance with multiple new game launches and the integration of AI applications, which are expected to enhance valuations in the sector [2][4]. - The report highlights the sustained growth in the mini-game market, with over 1 billion registered users on WeChat mini-games and a monthly active user (MAU) count exceeding 500 million [9]. - The report emphasizes the potential of AI in gaming, citing the successful implementation of AI-driven features in games like Giant Network's "Supernatural Action Group," which has seen over 25 million AI-participated matches [9]. Summary by Sections Market Performance - The mini-game market is experiencing good growth, with nearly 70 games achieving over 1 million daily active users (DAU) and over 300 games generating quarterly revenues exceeding 10 million [9]. - User engagement is increasing, with a projected 10% growth in DAU for WeChat mini-games in 2025, and a 27% year-on-year increase in users active for more than ten days a month [9]. New Game Launches - The report notes that the new game cycle continues into January, with several new titles and long-term products performing well, including "Supernatural Action Group" and "RO: Journey of the World" [9]. - Upcoming game releases are expected to further catalyze the market, with titles like "Tomorrow's Ark: End of the World" and "Douluo Dalu: Zero" set to launch soon [9]. Investment Recommendations - Given the ongoing new game launches and the strong performance of the gaming sector, the report suggests continued attention to investment opportunities in the gaming industry, recommending companies such as Giant Network, Perfect World, and Tencent Holdings [2][9].

Group 1 - The company, Heart Company (02400), announced a share buyback on January 20, 2026, spending HKD 1.7891 million to repurchase 22,400 shares at a price range of HKD 79 to HKD 82.65 per share [1] - On the same date, the company issued a total of 17,200 ordinary shares due to eligible participants exercising stock options under the stock option plan adopted on June 25, 2021 [1]

Group 1 - The company, Heartbeat Company (02400), announced a share buyback plan, spending HKD 1.7891 million to repurchase 22,400 shares at a price range of HKD 79 to HKD 82.65 per share [1] - On the same date, January 20, 2026, the company will issue a total of 17,200 ordinary shares due to eligible participants exercising stock options under the stock option plan adopted on June 25, 2021 [1]

Group 1 - The company, Heart Company (02400.HK), announced a share buyback on January 20, spending HKD 1.789 million to repurchase 22,400 shares [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 心动有限公司 呈交日期： 2026年1月20日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | 證券代號 (如上市) | 02400 | 說明 | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 (註4) | 已發行股份總數 | | 事件 | | 已發行股份（不包括庫存股份）數 目 | 佔有關 ...

Group 1 - The company, Heart Company (02400), announced a share buyback on January 19, 2026, spending HKD 1.8782 million to repurchase 22,600 shares at a price range of HKD 82.3 to 85.3 per share [1] - Additionally, a total of 34,800 ordinary shares were issued due to eligible participants exercising stock options under the stock option plan adopted on June 25, 2021 [1]

Group 1 - The company, Heartbeat (02400), announced a share buyback plan, spending HKD 1.8782 million to repurchase 22,600 shares at a price range of HKD 82.3 to 85.3 per share [1] - Additionally, a total of 34,800 ordinary shares were issued due to eligible participants exercising stock options under the stock option plan adopted on June 25, 2021 [1]

格隆汇1月19日丨心动公司(02400.HK)公告，1月19日耗资187.8万港元回购2.26万股。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) | 2). | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 33 | 0.00001 % | HKD | 21.64 | | --- | --- | --- | --- | --- | --- | | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | 由於合資格參與者根據本公司於2021年6月25日採納的購股權計劃行 | | | | | | | 使購股權，本公司於2026年1月19日發行普通股 | | | | | | | 變動日期 2026年1月19日 | | | | | | 3). | 就根據股份計劃授予參與人（發行人的董事除外）的股份獎勵或期權 | 171 | 0.00003 % | HKD | 25.04 | | | 而發行新股或轉讓庫存股份 - 涉及新股 | | | | | | | 由於合資格參與者根據本公司於2021年6月25日採納的購股權計劃行 | | | | | | | 使購股權，本公司於2026年1月19日發行普通股 | | | | | | | ...

心动公司(02400.HK)1月16日耗资197.3万港元回购2.3万股 心动公司(02400.HK)1月15日耗资167.7万港元 回购2万股 相关事件 格隆汇1月16日丨心动公司(02400.HK)公告，1月16日耗资197.3万港元回购2.3万股。 ...