Group 1: Market Growth and Trends - The Chinese self-developed games' overseas market achieved actual sales revenue of $9.501 billion (approximately 68.341 billion RMB), marking an 11.07% year-on-year growth, the highest in nearly five years [1] - The global mobile game market size grew by 4.8% to 635.57 billion RMB, indicating a recovery in the market, with overseas markets remaining a key area for Chinese game companies [3] - Major game companies like Tencent, NetEase, and others are increasingly entering overseas markets through gameplay integration and innovative themes, enhancing market scale and creating opportunities for blockbuster games [3] Group 2: AI Technology in Game Development - AI technology is providing new opportunities for game companies to expand overseas, with foreign companies already integrating AI deeply into game development [4] - 37 Interactive Entertainment has developed over 40 AI capabilities, including AI translation technology, which is used in over 60% of its overseas games with a 95% accuracy rate [4] - Companies like Youzu Network are leveraging AI and big data to enhance their global game operations, aiming to break down language and cultural barriers [4][5] Group 3: Cultural Export and Localization - Cultural export has evolved from simple product output to deeper cultural integration and localization, facilitating two-way cultural exchange [7] - The success of the game "Black Myth: Wukong," which incorporates rich Chinese cultural elements, has sparked global interest in Chinese culture [7] - Companies are increasingly using games as a medium for cultural dialogue, with Youzu Network and others integrating traditional Chinese culture into their products [9][10] Group 4: Future of the Gaming Industry - The gaming industry is seen as a key driver of economic growth, evolving from mere entertainment to a significant economic force [11] - The industry's evolution is expected to release substantial potential, reshaping economic and cultural landscapes as it aligns with technological advancements and cultural prosperity [11]

Core Insights - ChinaJoy, known as the "Eastern E3," is a significant annual event for young people globally, celebrating its 22nd edition this year [1] - The event showcases the rapid growth of the Chinese gaming industry, evolving from a single gaming exhibition to a comprehensive digital interactive entertainment fair covering various sectors [3] Industry Overview - ChinaJoy features multiple thematic areas, attracting over 37 countries and regions, with foreign companies accounting for more than 30% of exhibitors [3] - The BTOB (business-to-business) section includes over 460 companies, occupying 25,000 square meters, while the BTOC (business-to-consumer) interactive entertainment area spans 110,000 square meters with over 280 exhibitors [3] Major Participants - Major domestic gaming companies such as Tencent, NetEase, and Century Huatong are prominently featured, showcasing multiple high-profile games [4] - Tencent presents 17 products occupying nearly half of its exhibition area, while Century Huatong has reduced its booth size to enhance player interaction [6][4] Interactive Experience - The event emphasizes immersive experiences, with various booths designed to facilitate deep player engagement rather than passive observation [6] - AI elements are prevalent, with companies like Baidu and Orange篇 showcasing AI-driven features that enhance user interaction and content creation [11][12] AI Integration - The integration of AI in gaming is a focal point, with companies exploring AI's potential to reshape the gaming landscape, enhancing both development efficiency and player experience [14] - AI technologies are being applied across the gaming industry, from automated translation to personalized player interactions, significantly improving operational efficiency [15][16]

Core Insights - The China Game Developers Conference (CGDC) commenced on August 1 in Shanghai, providing a professional platform for industry developers to engage in deep interaction and discussions [1] - Wang Junsheng, CTO of Youzu Network, presented on the implementation of the company's full-chain AI tools in global game operations and shared the latest advancements in building an AI cultural entertainment ecosystem [1] Development Aspects - Youzu Network focuses on two main directions: "AIGC" and "AI Empowerment for Game Globalization," establishing a comprehensive AI empowerment system across development and publishing [1] - The company is advancing automation, standardization, and scalability in areas such as art asset production, code generation, and localization translation [1] - Youzu's one-stop intelligent translation platform supports translation among 16 languages, significantly reducing localization costs by 80% for overseas game products [1] - Automated testing tools, leveraging natural language processing and code generation, cover 70% of test case writing, enhancing testing efficiency and game quality [1] Publishing Aspects - To address the high demand and costs of advertising materials, Youzu developed AI tools for generating copy, images, and videos, increasing production efficiency by 3-5 times [2] - The company introduced ChatBI, an intelligent BI tool that combines NLP technology with business intelligence, simplifying data analysis through natural interaction [2] - The intelligent operation platform, utilizing Dify workflows, has improved operational efficiency by reducing response times for operational queries by 30% and SQL review cycles from hours to minutes [2] Player Experience Enhancement - AI serves not only to enhance development and operations but also to optimize player experiences [3] - The intelligent game companion "Xiao Youjiang" integrates large language models and multimodal technology, enhancing user engagement across 15 domestic games [3] - Features like "Witch Between" in "Crimson Echo" allow for personalized interactions with NPCs, moving beyond fixed dialogue [3] - The upcoming "AI Native Game" "My Three-Body: 2277" will incorporate AI as a key element for player engagement and narrative recreation [3] Strategic Collaborations - Since last year, Youzu Network has been actively building an AI-driven cultural entertainment ecosystem, forming partnerships with notable companies and institutions [4] - Recent strategic collaborations include a partnership with Sunrise to address the high-performance computing needs in game development, integrating customized GPU solutions [4] - A tripartite collaboration with Great Wall Technology and Shenzhen Confidential Computing aims to provide secure cross-border computing solutions for various industries [4] - Youzu Network was elected as the vice president unit of the Shanghai Artificial Intelligence Industry Association during the 2025 World Artificial Intelligence Conference [4]

Core Viewpoint - The 2025 China Game Developers Conference (CGDC) opened in Shanghai, featuring a keynote speech by Wang Junsheng, CTO of Youzu Interactive, discussing the implementation of AI tools in the global development and operation of RPG games [1] Group 1: AI Empowerment in Game Development - Youzu Interactive has established a comprehensive AI empowerment system that spans the entire development and publishing process through its "AI Innovation Institute" [1] - The intelligent translation platform supports translation among 16 languages, significantly enhancing the efficiency of overseas localization [1] - The automated testing agent can cover most test case writing, improving testing efficiency [1] - AI material generation tools greatly increase the production efficiency of advertising materials [1] - The intelligent operation and maintenance platform significantly reduces the response time for basic operational inquiries [1] Group 2: Enhancing Player Experience - Youzu Interactive is committed to optimizing player experience through AI technology [1] - In the development of the AI-native game "My Three-Body: 2277," AI serves as a crucial element that players can use to enhance enjoyment and participate in the recreation of game narratives and plots [1]

Market Overview - On August 1, the gaming sector rose by 0.48% compared to the previous trading day, with G-bits leading the gains [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Top Gainers in Gaming Sector - G-bits (603444) closed at 348.00, up 2.40% with a trading volume of 18,300 lots and a transaction value of 614 million [1] - ST Kaiwen (002425) closed at 3.04, up 1.67% with a trading volume of 94,500 lots [1] - Giant Network (002558) closed at 24.12, up 1.60% with a trading volume of 416,500 lots [1] - ST Huaton (002602) closed at 12.89, up 1.42% with a trading volume of 1,107,300 lots and a transaction value of 1.408 billion [1] Top Losers in Gaming Sector - Glacier Network (300533) closed at 34.88, down 3.54% with a trading volume of 198,800 lots [2] - Youzu Interactive (002174) closed at 14.43, down 2.43% with a trading volume of 496,400 lots [2] - WenTou Holdings (600715) closed at 2.29, down 1.29% with a trading volume of 340,700 lots [2] Capital Flow Analysis - The gaming sector experienced a net outflow of 664 million from main funds, while speculative funds saw a net inflow of 166 million and retail investors had a net inflow of 498 million [2] - Specific stocks like ST Huaton and Xunyou Technology had varying levels of net inflow and outflow from different investor types [3]

数据显示，游族网络当日主力资金净流出4021.81万元，占流通市值的0.29%。 风险提示：市场有风险，投资需谨慎。 游族网络股价报15.11元，较前一交易日下跌0.27元。盘中最高触及15.60元，最低下探至15.00元，成交 金额达10.12亿元。 游族网络属于游戏行业，公司主营业务为移动游戏和网页游戏的研发、发行及运营。公司产品覆盖卡 牌、SLG等游戏类型，市场覆盖中国、欧美、东南亚等地区。 公司发布公告提示，因股价连续10个交易日高于转股价的130%，"游族转债"可能触发有条件赎回条 款。公司首席战略官在人工智能大会上表示，游戏场景的多模态数据是AI发展的重要资源，公司积累 了丰富的全球化游戏研发经验。 ...

Group 1 - The core point of the article is that Youzu Interactive announced that its stock price has been above 130% of the current conversion price for 10 consecutive trading days, which may trigger the conditional redemption clause of its convertible bonds [2] - The current conversion price is set at 10.10 yuan per share, meaning the stock price must remain above 13.13 yuan per share to potentially activate the redemption clause [2] - The company's board of directors has the authority to decide on the redemption of all or part of the unconverted convertible bonds at face value plus accrued interest if the stock price continues to meet the specified condition [2]

| 证券代码：002174 | 证券简称：游族网络 | 公告编号：2025-044 | | --- | --- | --- | | 债券代码：128074 | 债券简称：游族转债 | | 游族网络股份有限公司 关于"游族转债"预计触发赎回条件的提示性公告 经中国证券监督管理委员会《关于核准游族网络股份有限公司公开发行可转 换公司债券的批复》（证监许可〔2019〕1560 号）核准，公司于 2019 年 9 月 23 日公开发行了 11,500,000 张可转债，每张面值 100 元，发行总额 115,000.00 万 元。本次公开发行的可转债向公司在股权登记日收市后登记在册的原股东优先配 售，原股东优先配售后余额部分（含原股东放弃优先配售部分）采用网上向社会 1、股票代码：002174 股票简称：游族网络 2、债券代码：128074 债券简称：游族转债 3、转股价格：人民币 10.10 元/股 4、转股时间：2020 年 3 月 27 日至 2025 年 9 月 23 日 公众投资者通过深圳证券交易所（以下简称"深交所"）交易系统发售的方式进 行。对认购金额不足 115,000.00 万元的部分由主承销商包销 ...

Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) showcased over 3,000 cutting-edge achievements, highlighting advancements in robotics that enable machines to possess memory, perception, language, and emotional intelligence [1][10] - Companies are focusing on enhancing robots' capabilities, making them more human-like and applicable in various sectors such as healthcare, elderly care, industrial production, and daily life services [10] Group 1: Robotics Innovations - The National Local Joint Human-Robot Innovation Center presented a new series of humanoid robots, including the "Qinglong" product system, which integrates advanced control systems and multi-sensory perception [2][3] - The "Qinglong Pro" robot features a height of 185 cm and weight of 85 kg, equipped with a new generation control system that includes seven core subsystems for enhanced interaction and task execution [2] - The "Qinglong Lite," a lightweight robot, is designed for low-cost applications and has become a valuable assistant in educational and lightweight service scenarios [2] Group 2: AI and Data Integration - Huawei Cloud supports the "Qinglong" products with its CloudRobo platform, which generates diverse simulation datasets, significantly reducing data collection costs by 90% and accelerating the application of industrial robots [3][4] - The integration of AI models and data sets is crucial for enhancing the language capabilities of robots, allowing for more natural and accurate interactions [8][9] Group 3: Sensory and Interaction Capabilities - The introduction of adaptive tactile sensors enables robots to mimic human touch, allowing them to handle delicate items without damage, showcasing significant advancements in tactile perception [7] - The "Wuneng" embodied intelligence platform by SenseTime provides robots with enhanced perception, visual navigation, and multi-modal interaction capabilities, making them more effective in real-world applications [6] Group 4: Language and Data Development - Shanghai is establishing a comprehensive corpus supply system to enhance the quality and scale of language data, which is essential for the development of AI models [8][10] - The gaming industry, through companies like Youzu Network, is leveraging its vast data resources to support AI development, providing high-fidelity training materials for embodied intelligence [9][10]

Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) showcased over 800 tech companies and 3000 cutting-edge achievements, with Youzu Interactive prominently participating, indicating its transformation into an "AI-driven interactive entertainment technology company" [1][4] Group 1: AI Practices and Recognition - Youzu Interactive's Chief Strategy Officer shared insights on "AI + gaming" at WAIC, highlighting the importance of game data in cross-domain empowerment [1] - The company was recognized as a top 10 transformation model in the "Data Wind and Cloud List," reflecting industry acknowledgment of its transition efforts [1] - Youzu was elected as the vice president unit of the Shanghai Artificial Intelligence Industry Association, enhancing its influence in the regional AI ecosystem [1] Group 2: Product Innovation - Youzu announced its development of the "AI native game" based on the IP of "The Three-Body Problem," emphasizing AI's role in enhancing player engagement and content creation [1][2] - The integration of AI tools allows players to create game content, marking a significant shift in the gaming lifecycle [1] Group 3: Technological Foundations - Youzu signed a strategic cooperation agreement with Sunrise to address the urgent need for high-performance computing in game development [2] - A tripartite strategic partnership with Great Wall Technology and Shenzhen Confidential Computing aims to establish a secure computing foundation for various industries [2] Group 4: Strategic Vision - Analysts note that Youzu's strategic moves at WAIC indicate a desire to build an industry ecosystem beyond mere technical cooperation [3] - The company is focusing on AI product innovation, aiming to redefine "AI native game" products and explore breakthroughs in content creation [3] - Youzu's collaborations in computing power and security infrastructure aim to establish a competitive advantage in AI game development [3][4]