以下文章来源于盐财经 ，作者李秋悦 盐财经 . 洞察趋势，睿智人生。《南风窗》旗下专业财经媒体。 作者： 李秋悦 来源：盐财经 网易和丁磊又杀回来了。 -------------------------- 今年2月，网易发布2025年全年财报。网易实现全年总营收1126亿元，同比增长6.93%；净利润 338亿元，同比增长13.68%，平均计算， 网易过去一年每天净赚0.926亿元，接近"日赚1个亿"的 水平。 根据网易2025年全年财报，网易实现全年总营收1126亿元，同比增长6.93%/图源：百度股市通 这是自2020年以来，在营收增速持续放缓5年的背景下，网易首次实现明显反弹。此前的2024 年，公司营收增速尚不足2%，是近几年增速最慢的一年。 这令外界再次把目光投向了网易创始人丁磊。有媒体报道，丁磊在2024年年底"重回一线"， 直接 接管了游戏业务的最高决策权。有知情人士告诉盐财经， 游戏相关的有些任务甚至由丁磊直接下 达。 2025年全年，网易股价上涨62%，市值稳定在中国互联网公司前五。这家曾经强调"无边界扩 张"的老牌互联网公司，正重新把资源聚集到最核心的游戏板块，而至于如今令大厂们趋之若鹜的 ...

| 上证指数 | 深证成指 | 创业板指 | 科创综指 | | --- | --- | --- | --- | | - 4133.43 | - 14465.41 | - 3349.53 | ▼ 1774.03 | | +10.30 +0.25% | +111.34 +0.78% | +43.39 +1.31% | -17.52 -0.98% | | 涨跌分布 | | | 成交额 2.51万亿 | | 涨1955家 | | | 跌3157家 | （图源：21财经客户端） 从板块来看，储能概念、锂矿概念全天活跃，绿电概念爆发，绿发电力2连板，节能风电涨停。 记者｜黎雨桐 见习记者林芊蔚 编辑｜吴桂兴 3月11日，三大指数集体收涨，创业板指冲高回落，此前一度涨超2%，科创综指跌0.98%，全市场超 3200只个股下跌。 午后化工概念强势拉升，煤化工、盐化工方向领涨，金牛化工、中盐化工、金浦钛业、百川股份、联科 科技涨停。消息面上，中东地缘冲突持续，霍尔木兹海峡通航受阻推升国际油价，为化工品成本提供支 撑。 化纤板块集体走高，中复神鹰涨超14%，泰和新材、吉林化纤、华峰化学、吉林碳谷、华西股份等跟 涨。据智通财经，1 ...

以下文章来源于互联网怪盗团 ，作者怪盗团团长裴培 腾讯那边的动作也差不多：2025年底关闭了天美蒙特利尔工作室，它已经连续运营五年多也没拿出 过什么产品。现在腾讯游戏只剩下寥寥几个海外自研工作室了，基本都属于光子旗下；天美似乎已经 放弃了海外研发路线。 互联网怪盗团 . 一生只为那颗星。 来源丨互联网怪盗团（ID： TMTphantom ） 作者丨 怪盗团团长裴培 图源丨Midjourney 3月7日，彭博报道：网易决定从5月起，不再向名越埝洋（《如龙》系列制作人）的工作室提供资金 支持，但是允许其继续自由独立运营；名越工作室正在尝试寻找新的赞助商，以完成正在开发的《龙 帮》项目。据说，网易方面评估发现，《龙帮》开发还需要追加至少70亿日元（折合人民币3亿）才 能完成，而这是网易难以接受的，双方的合作因此搁浅。 这不是一起孤立事件，而是宣告了近年来网易游戏研发的海外扩张战略的根本性转折。此前网易已经 关闭了9家海外自研工作室，另有3家独立或终止合作。如果名越最终也脱离关系，那么网易游戏就只 剩下4家海外工作室了——这4家的命运也不一定都很乐观，因为迄今只有1家（市村龙太郎）做出过 公开发售的产品。 2020- ...

整理 | 美股研究社 在这个快速 变 化的 时代， 人工 智能技术正以前所未有的速度发展，带来了广泛的机会 。 《AI日 报 》致力于挖掘和分析最新的AI概念股公司和市场趋势，为您提供深度的行 业 洞察和 价 值 分析。 A I 快 报 【美国国防部官员：与Anthropic重启AI合作的可能性微乎其微】 美国国防部一名高级官员表示，在Anthropic PBC就政府前将其列为供应链风险提起法律挑战 后，几乎不存在恢复与该公司就军事用途人工智能(AI)工具展开谈判的可能性。 美国国防部负责研究与工程事务的副部长Emil Michael周一表示，Anthropic提起诉讼是"意 料之中的反应"，而该公司试图推翻供应链风险认定的努力，不会改变五角大楼的决定。 3月9日，Anthropic起诉美国国防部，因后者宣布该人工智能（AI）巨头对美国供应链构成风 险。此前，双方就Anthropic的技术是否会被用于大规模监控和全自动武器发生争执。 七 巨 头 日 报 【Microsoft推出每月99美元的AI驱动软件套件】 该产品代号为J490，最初定于2025年春季发布，后延至2026年3月，但现在预计要到9月左 右（即 ...

作者 | 李秋悦 编辑 | 宝珠 视觉 | 顾芗 网易和丁磊又杀回来了。 今年2月，网易发布2025年全年财报。网易实现全年总营收1126亿元，同比增长6.93%；净利润338亿 元，同比增长13.68%，平均计算，网易过去一年每天净赚0.926亿元，接近"日赚1个亿"的水平。 根据网易2025年全年财报，网易实现全年总营收1126亿元，同比增长6.93%/图源：百度股市通 这是自2020年以来，在营收增速持续放缓5年的背景下，网易首次实现明显反弹。此前的2024年，公司 营收增速尚不足2%，是近几年增速最慢的一年。 这令外界再次把目光投向了网易创始人丁磊。有媒体报道，丁磊在2024年年底"重回一线"， 直接接管了 游戏业务的最高决策权。有知情人士告诉盐财经，游戏相关的有些任务甚至由丁磊直接下达。 2025年全年，网易股价上涨62%，市值稳定在中国互联网公司前五。这家曾经强调"无边界扩张"的老牌 互联网公司，正重新把资源聚集到最核心的游戏板块，而至于如今令大厂们趋之若鹜的AI，网易也有着 自己的节奏。 财报显示，2025年网易的游戏及相关增值服务收入为921亿元 网易的第二大业务是网易云音乐。 2025年网易 ...

Market Overview - The US stock market experienced a collective decline, with the Dow Jones down approximately 3%, the S&P 500 down about 2%, and the Nasdaq down 1.24% [1] - Major European indices also fell, with the DAX30 down 1.21%, FTSE 100 down 1.22%, CAC40 down 0.94%, and FTSE MIB down 0.99% [1] Key Index Performance - The Dow Jones Industrial Average closed at 47,501.55, down 453.19 points (-0.95%) [2] - The Nasdaq index closed at 22,387.68, down 361.31 points (-1.59%) [2] - The S&P 500 index closed at 6,740.02, down 90.69 points (-1.33%) [2] Sector Performance - Major technology stocks saw declines, with Intel down over 5%, Nvidia down about 3%, and Amazon, Tesla, and Meta down over 2% [2] - Semiconductor stocks collectively fell, with Micron Technology and Applied Materials down over 6%, ASML down over 5%, and TSMC down over 4% [2] Notable Stock Movements - Marvell Technology surged 18%, marking its best single-day gain since April 2025, driven by strong earnings and an optimistic revenue growth forecast for FY2027 [3] - Defense and aerospace stocks led gains, with Boeing up over 4%, and Raytheon Technologies and Lockheed Martin up over 2% [3] - Chinese concept stocks showed resilience, with the Nasdaq Golden Dragon China Index up 0.69%, and notable gains in JD.com and Xpeng [3] Commodity Prices - Spot gold rose to $5,168 per ounce, up 1.64%, while spot silver reached $84.47 per ounce, up 2.67% [4] - International oil prices surged, with WTI crude oil at $91.27 per barrel, up over 12%, and Brent crude at $93.17 per barrel, up over 9% [4] Cryptocurrency Market - Bitcoin traded at $68,369, down over 4%, while Ethereum fell to $1,986 [6] Geopolitical Developments - Reports indicated that the Iranian military claimed responsibility for a drone attack on the US aircraft carrier Lincoln in the Gulf of Oman [6] - Former President Trump stated he must personally participate in selecting Iran's next leader, warning of potential military conflict if a new leader continues current policies [7]

Group 1 - The Hang Seng Index opened up by 0.15% [1] - The Hang Seng Tech Index increased by 0.47% [1] - JD Logistics rose by over 6% [1] - JD Health and Trip.com Group both increased by over 3% [1] - NetEase, JD Group, and Xiaomi Group showed significant gains [1]

Market Overview - A-shares and Hong Kong stocks showed a collective strength today, with A-shares opening lower but rising throughout the morning session [1][2] - The Shanghai Composite Index rose by 0.25%, the Shenzhen Component increased by 0.8%, the ChiNext Index gained 0.85%, and the Sci-Tech Innovation Index climbed 1.29% [4] Sector Performance - The pharmaceutical and biotechnology sector experienced a significant surge, with the sector rising over 2% and multiple stocks hitting the daily limit [5] - The agricultural sector also performed well, with gains exceeding 3%, highlighted by stocks like Xiangjia Co. and Dunhuang Seed Industry reaching their daily limits [5] - Other sectors such as environmental protection, basic chemicals, construction decoration, social services, and military industry also saw notable increases [7] Notable Stocks - Key stocks in the pharmaceutical sector included: - Yahui Pharmaceutical-U (688176) with a price of 16.78, up 20.03% [6] - Huakang Clean (301235) at 56.43, up 11.94% [6] - International Medicine (000516) at 5.01, up 10.11% [6] - The virtual power plant concept stocks performed strongly, with the index surging over 3% and several stocks hitting their daily limits [9] New Listings - The newly listed stock, Gude Electric Materials, saw its price increase by over 150% during trading. The company specializes in thermal runaway protection components for electric vehicle batteries and high-performance insulation products for electrical applications [12] Hong Kong Market - The Hong Kong market also showed positive momentum, with the Hang Seng Index rising nearly 2% and the Hang Seng Technology Index increasing by over 3% [14] - Major stocks in the Hang Seng Technology Index, such as JD.com, Trip.com, and NetEase, saw price increases exceeding 5% [16]

港股高开高走，恒生科技指数涨超3%，恒指涨1.5%，京东物流涨超18%，京东集团涨超7%，网易涨超5%。 7x24h电报 头条新闻 VIP资讯 实时盯盘 准确 快速 权威 专业 下载财联社APP获取更多资讯 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of HKD 200.50 / CNY 177.59 [3][5] Core Insights - The company is expected to see growth driven by the upcoming launch of new games, particularly "The Forgotten Sea" in 2026, alongside strong performance from existing titles like "Yanyun Sixteen Sounds" [3][9] - The company's net profit forecasts for 2025, 2026, and 2027 are adjusted to CNY 33.76 billion, CNY 37.50 billion, and CNY 43.33 billion respectively, reflecting changes in revenue and margin expectations [3][9] Financial Summary - Revenue projections for 2023A to 2027E are as follows: CNY 103.47 billion, CNY 105.30 billion, CNY 112.63 billion, CNY 122.04 billion, and CNY 138.38 billion, with growth rates of 7.23%, 1.77%, 6.96%, 8.36%, and 13.39% respectively [4][14] - Operating profit is expected to grow from CNY 27.71 billion in 2023A to CNY 47.54 billion in 2027E, with growth rates of 41.17%, 6.77%, 21.13%, 12.50%, and 17.93% [4][14] - The company's gross margin is projected to improve from 60.95% in 2023A to 67.60% in 2027E, while net profit margin is expected to rise from 28.43% to 31.32% over the same period [4][14] - The earnings per share (EPS) are forecasted to increase from CNY 9.29 in 2023A to CNY 13.68 in 2027E [4][14]