Group 1 - The company held its seventh board meeting on July 15, 2025, with all nine directors present, confirming the legality and validity of the meeting [1] - The board approved the extension of the second employee stock ownership plan for an additional six months, until January 21, 2026, due to confidence in the company's future development [1] - The proposal for the extension was unanimously supported by the employee stock ownership plan participants, with 8 votes in favor and no opposition or abstentions [2]

Core Viewpoint - The company has decided to extend the duration of its second employee stock ownership plan by 6 months, now set to expire on January 21, 2026, due to the confidence in the company's future development and value recognition [1][3]. Summary of Relevant Sections Employee Stock Ownership Plan Overview - The second employee stock ownership plan was approved on June 29, 2021, with a total of 9,446,693 shares held, representing 1.03% of the company's total share capital at that time [2]. - The plan included the company repurchasing 8,522,393 shares, which were then gifted to the plan at a zero price [2]. - As of the announcement date, the remaining shares in the plan amounted to 8,512,093, accounting for 0.91% of the current total share capital [2]. Extension of the Employee Stock Ownership Plan - The extension was approved by a two-thirds majority of the plan holders during a meeting, allowing the plan's duration to be extended to January 21, 2026 [3]. - Other terms of the employee stock ownership plan remain unchanged following the extension [3].

证券代码：002174 证券简称：游族网络 公告编号：2025-042 游族网络股份有限公司 关于第二期员工持股计划存续期展期的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 游族网络股份有限公司（以下简称"公司"）于 2025 年 7 月 18 日召开第七 届董事会第十二次会议，审议通过了《关于第二期员工持股计划存续期展期的议 案》，同意将第二期员工持股计划存续期展期 6 个月，至 2026 年 1 月 21 日止。 现将相关情况公告如下： 一、第二期员工持股计划的基本情况 （一）公司于 2021 年 6 月 3 日召开第五届董事会第四十一次会议、第五届 监事会第三十四次会议，于 2021 年 6 月 29 日召开了 2020 年年度股东大会，审 议通过了《关于修订公司<第二期员工持股计划(草案)>及其摘要的议案》《关于 修订公司<第二期员工持股计划管理办法>的议案》等相关议案，同意实施公司第 二期员工持股计划。具体内容详见公司于 2021 年 6 月 4 日及 2021 年 6 月 30 日 刊登在《中国证券报》《上海证券报》《证券时报》《证券日报》 ...

证券代码：002174 证券简称：游族网络 公告编号：2025-041 游族网络股份有限公司 第七届董事会第十二次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 游族网络股份有限公司（以下简称"公司"）第七届董事会第十二次会议于 2025 年 7 月 18 日在上海市徐汇区宜山路 711 号华鑫商务中心 2 号楼公司会议室 召开，会议通知已于 2025 年 7 月 15 日以邮件形式发出。会议以现场结合通讯表 决方式召开。会议应到董事 9 名，实到董事 9 名，公司高级管理人员列席会议。 会议的召开符合《中华人民共和国公司法》和《游族网络股份有限公司章程》的 有关规定，合法有效。 本次会议由董事长宛正先生主持，与会董事就本次会议议案进行了审议、表 决，形成了如下决议： 本议案已经公司第二期员工持股计划持有人会议审议通过。 同意该项议案的票数为 8 票；反对票 0 票；弃权票 0 票。 具体内容详见公司同日刊登于巨潮资讯网（www.cninfo.com.cn）的《关于 第二期员工持股计划存续期展期的公告》。 二、报备文件 （一）第七届董事会第十二次 ...

Core Viewpoint - The gaming industry in China is experiencing a significant recovery in the first half of the year, as evidenced by the performance forecasts of several A-share gaming companies, with many reporting substantial profit growth or turning losses into profits [1][2]. Financial Performance - ST华通 (Century Huatong) is expected to achieve a net profit of 2.4 billion to 3 billion yuan, representing a growth of 107.20% to 158.00% [2] - 浙数文化 (ZheShu Culture) anticipates a net profit of 330 million to 390 million yuan, with a growth of 124% to 165% [2] - 游族网络 (Youzu Network) forecasts a net profit of 40 million to 60 million yuan, marking an increase of 768.75% to 1203.13% [2] - 完美世界 (Perfect World) and 冰川网络 (Icefire Network) are expected to turn losses into profits, with 完美世界 projecting a profit of 480 million to 520 million yuan [2][6] - ST凯文 (ST Kevin) expects to maintain a loss level similar to last year, with a projected loss of 65 million to 48 million yuan [2] - 电魂网络 (Dianhun Network) anticipates a loss of 11 million to 7.5 million yuan, indicating a shift from profit to loss [2] Cost Control as a Key Factor - Cost control has emerged as a critical factor for gaming companies to avoid losses, with companies like 完美世界 and 冰川网络 attributing their turnaround to reduced investment in underperforming projects [1][4] - High distribution costs have made it challenging for gaming companies to maintain profitability [2][3] Market Environment - The number of game licenses issued in the first half of the year has significantly increased compared to last year, with the domestic mobile game market growing by 20% year-on-year [1][7] - The gaming market is characterized by intense competition, with a focus on product quality as a determinant of success [1][8] Long-term Products and New Releases - Long-standing products are crucial for the stability of gaming companies, providing a solid revenue base amid market growth [7] - New blockbuster games remain essential for driving rapid revenue growth, as seen with ST华通's new release, which has performed exceptionally well in the market [9][10] Industry Trends - The gaming industry is witnessing a recovery in market sentiment, with a notable increase in the issuance of domestic game licenses and the integration of AI technology enhancing operational efficiency [8] - The upcoming release of major titles from leading companies is expected to intensify market competition [10]

Core Viewpoint - Sunrise, a domestic full-stack self-research AI computing chip company, has completed nearly 1 billion RMB in its latest financing round, indicating strong investor confidence and growth potential in the high-end GPU sector [1] Company Summary - The latest financing round was led by notable investment institutions including SANY Group's Huaxu Fund, Fourth Paradigm, Youzu Network, Beijing Lier, Songhe Capital, and Haitong Kaiyuan [1] - The funds raised will primarily be used for product research and development, market expansion, and team building, which will further solidify Sunrise's leading position in the domestic high-end GPU market [1]

Group 1 - Pop Mart (HK 09992) expects a revenue increase of at least 200% and a profit increase of at least 350% in the first half of the year compared to the same period last year, with revenue reaching at least 13.7 billion yuan [1] - The "Guzi Economy" concept stocks have gained attention, with 38 companies in the A-share market, of which 22 have released ESG reports for 2024, resulting in a disclosure rate of 58% [2][4] - Only 2 companies within the "Guzi Economy" concept stocks have an ESG rating of A, indicating a low percentage of 5.26% for A-rated companies in this sector [2][4] Group 2 - The "Guzi Economy" concept stocks primarily focus on social dimensions rather than environmental issues, leading to a lack of attention to sustainability governance [2][5] - The top 10 companies by market value in the "Guzi Economy" have only 2 that disclosed their direct and indirect greenhouse gas emissions, with none reporting on scope three emissions [2][4] - The industry faces challenges with IP infringement, highlighting the need for a robust copyright protection system [6][7] Group 3 - Cultural export has become a distinctive topic, with companies integrating ESG into their global strategies to enhance compliance and brand reputation [8] - Companies like Youzu Network have successfully expanded their cultural reach globally, partnering with over 1,000 partners and reaching nearly 1 billion users [8] - Recommendations include establishing sustainable development standards for the "Guzi Economy" to better guide companies in their sustainable practices [9]

Industry Overview - The ChinaJoy event will take place in early August in Shanghai, featuring the inaugural China International Game Developers Conference, which will release the "One Country, One Policy" guideline for game companies' overseas expansion [1] - Shanghai's online gaming industry achieved a total sales revenue of 83.283 billion yuan in the first half of the year, marking a year-on-year growth of 10.80%, with domestic sales at 68.737 billion yuan and overseas sales at 14.546 billion yuan, growing by 10.73% and 11.12% respectively [1] - The esports industry in Shanghai generated revenue of 3.254 billion yuan, a year-on-year increase of 6.91%, with esports live streaming and event revenues leading the nation [1] Policy Support - Multiple regions have introduced new policies to support local gaming companies in their global expansion, including Guangdong's measures to guide and support game companies in leading smaller enterprises to go global [1] - Beijing is soliciting opinions on measures to support the establishment of an "Overseas Service Zone" to facilitate game exports and provide consulting services [2] - Zhejiang province has released a comprehensive policy document with 20 specific measures to support game exports, focusing on industry enhancement, platform support, ecological optimization, and resource assurance [2] Company Performance - Companies like Shunwang Technology and Kaiying Network are focusing on innovative brand promotion and overseas business expansion, respectively, with Kaiying Network reporting sustained growth in overseas revenue through targeted user engagement strategies [3] - Twelve gaming concept stocks have released half-year performance forecasts, with seven expecting positive results; ST Huatuo is projected to have the highest net profit between 2.4 billion to 3 billion yuan, reflecting a significant year-on-year increase [3] - Companies such as Youzu Network and Zhejiang Cultural are also reporting substantial profit growth, with Youzu Network's net profit expected to rise by 768.75% to 1203.13% [4]

7月15日早盘，游戏板块持续震荡攀升，游戏ETF（159869）现涨0.94%。游戏ETF（159869）持仓股 中，星辉娱乐、神州泰岳、冰川网络、巨人网络、吉比特、三七互娱、完美世界等涨幅居前。近期，游 戏板块陷入短暂震荡回调，游戏ETF（159869）近2个交易日获资金净流入达3.95亿元，游戏板块正迎 来"基本面持续改善+政策面边际宽松+估值修复空间显著+AI技术创新驱动"四重逻辑加持，游戏板块回 暖复苏动能强劲。 7月14日，完美世界发布2025年半年度业绩预告。公告显示，完美世界归属于上市公司股东的净利润预 计为4.8亿元至5.2亿元，上年同期亏损1.77亿元，同比扭亏为盈。完美世界表示，公司于2024年12月上 线的新国风仙侠端游《诛仙世界》报告期内带来良好业绩增量。同时，今年上半年电竞业务流水同比延 续增长趋势，持续贡献稳定业绩。 7月14日，游族网络发布2025年半年度业绩预告。公告显示，游族网络预计归属于上市公司股东的净利 润为4000万元至6000万元，同比增长768.75%~1203.13%。游族网络表示，公司业绩变化的原因在于， 长线游戏运营稳健，报告期内持续贡献稳定流水。公司通过精细 ...

Core Viewpoint - The article highlights significant developments in China's financial and economic landscape, including regulatory measures, monetary policy updates, trade statistics, and corporate earnings forecasts. Group 1: Regulatory and Policy Developments - The Central Committee of the Communist Party of China emphasizes strengthening financial trial work to combat market manipulation, insider trading, illegal fundraising, loan fraud, and money laundering, while also improving rules for emerging financial disputes [2] - The People's Bank of China (PBOC) has implemented a series of structural monetary policy tools to support technology innovation and consumption, with a total loan contract amount for technology innovation reaching 1.74 trillion yuan by the end of May [3] - The PBOC plans to conduct a 14 billion yuan reverse repurchase operation to maintain liquidity in the banking system [4] Group 2: Economic Indicators - As of June 2025, the broad money supply (M2) in China reached 330.29 trillion yuan, growing by 8.3% year-on-year, while the narrow money supply (M1) was 113.95 trillion yuan, up by 4.6% [2] - In the first half of 2025, the total social financing increased by 22.83 trillion yuan, which is 4.74 trillion yuan more than the same period last year [2] - China's goods trade in the first half of 2025 totaled 21.79 trillion yuan, a year-on-year increase of 2.9%, with exports at 13 trillion yuan (up 7.2%) and imports at 8.79 trillion yuan (down 2.7%) [4] Group 3: Corporate Earnings and Developments - China National Salt Industry Corporation reported a 5.76% decrease in revenue for the first half of 2025, with net profit down 88.04% to 52.72 million yuan [8] - Jinpu Titanium Industry plans to exit the titanium dioxide industry through significant asset swaps [9] - Qianfang Technology expects a net profit increase of 1125.99% to 1534.65% for the first half of 2025 [10] - Huahong Technology anticipates a net profit increase of 3047.48% to 3721.94% for the same period [11] - Aerospace Science and Technology Corporation projects a net profit increase of 1628.83% to 2315.27% for the first half of 2025 [19]