Group 1 - The company Youzu Interactive announced that there is only one trading day left until the "Youzu Convertible Bonds" stop conversion and are redeemed as of August 26, 2025 [1] - Investors who do not convert their bonds in time may face potential losses [1]

根据统计，游族网络2025年3月31日至2025年6月30日，主力资金净流出6.75亿元，游资资金净流入 6669.51万元，散户资金净流入6.08亿元。 MACD金叉信号形成，这些股涨势不错！ 证券之星消息，近日游族网络披露，截至2025年6月30日公司股东户数为5.29万户，较3月31日减少 6129.0户，减幅为10.38%。户均持股数量由上期的1.55万股增加至1.76万股，户均持股市值为21.4万 元。 在游戏行业个股中，游族网络股东户数低于行业平均水平，截至6月30日，游戏行业平均股东户数为7.6 万户。户均持股市值方面，游戏行业A股上市公司户均持股市值为21.23万元，游族网络高于行业平均水 平。 从股价来看，2025年3月31日至2025年6月30日，游族网络区间涨幅为30.85%，在此期间股东户数减少 6129.0户，减幅为10.38%。 | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值（元） | | | 户均持股数(股) | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | 30.85% | 52944 ...

Group 1 - The esports sector saw an increase of 1.85%, ranking 6th among concept sectors, with 26 stocks rising, including Yuntuo Holdings and 37 Interactive Entertainment hitting the daily limit [1] - Notable gainers included Kyeong Network, ST Zhongqingbao, and Giant Network, which rose by 4.66%, 3.62%, and 2.94% respectively [1] - The sector experienced a net inflow of 591 million yuan from main funds, with 15 stocks receiving net inflows, and 5 stocks exceeding 30 million yuan in net inflow [2] Group 2 - 37 Interactive Entertainment led the net inflow with 785 million yuan, followed by ST Huadong, Zhejiang Shuculture, and Oriental Pearl with net inflows of 191 million yuan, 69 million yuan, and 43 million yuan respectively [2] - The net inflow ratios for 37 Interactive Entertainment, ST Huadong, and Zhejiang Shuculture were 30.00%, 9.54%, and 6.21% respectively [3] - The trading volume for 37 Interactive Entertainment was 78.53 million yuan, with a turnover rate of 8.46% [3]

证券代码：002174 证券简称：游族网络 公告编号：2025-066 因"游族转债"已停止交易，本公司特提醒投资者在期限内转股。2025 年 8 月 27 日是"游族转债"最后一个转股日，当日收市前，持有"游族转债"的投资者仍可进行 转股；2025 年 8 月 27 日收市后，未转股的"游族转债"将停止转股。 易日。如投资者未及时转股，可能面临损失。敬请投资者仔细阅读本公告内容，关注相 关风险。 特别提示： 债券代码：128074 债券简称：游族转债 记结算有限责任公司深圳分公司（以下简称"中国结算"）核准的价格为准 游族网络股份有限公司 回，本次赎回完成后，"游族转债"将在深圳证券交易所（以下简称"深交所"）摘牌， 特提醒"游族转债"持券人注意在限期内转股。投资者持有的"游族转债"存在被质押 或冻结情形的，建议在停止转股日前解除质押或冻结，以免出现因无法转股而被强制赎 回的情形。 关于游族转债即将停止转股暨赎回前最后一个交易日的 价格存在较大差异，特提醒持有人注意在限期内转股。投资者如未及时转股，可能面临 损失，敬请投资者注意投资风险。 重要提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 ...

本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： | 证券代码：002174 | 证券简称：游族网络 | 公告编号：2025-066 | | --- | --- | --- | | 债券代码：128074 | 债券简称：游族转债 | | 游族网络股份有限公司 关于游族转债即将停止转股暨赎回前最后一个交易日的 重要提示性公告 1、最后转股日：2025 年 8 月 27 日 因"游族转债"已停止交易，本公司特提醒投资者在期限内转股。2025 年 8 月 27 日是"游族转债"最后一个转股日，当日收市前，持有"游族转债"的投资者仍可进行 转股；2025 年 8 月 27 日收市后，未转股的"游族转债"将停止转股。 2、可转债赎回价格：101.8575 元/张（含息税），扣税后的赎回价格以中国证券登 记结算有限责任公司深圳分公司（以下简称"中国结算"）核准的价格为准 3、可转债停止交易日：2025 年 8 月 25 日 4、可转债赎回登记日：2025 年 8 月 27 日 5、可转债停止转股日：2025 年 8 月 28 日 6、可转债赎回日：2025 ...

Core Viewpoint - The company reported a slight decline in revenue but a significant increase in net profit, indicating effective cost management and strong performance in its self-developed games [1][2] Financial Performance - The company achieved a revenue of 688 million yuan, a year-on-year decrease of 1.93% [1] - Net profit attributable to shareholders reached 50.16 million yuan, a substantial increase of 989.31% [1] - The net profit after deducting non-recurring gains was 13.74 million yuan, a slight increase of 0.85% year-on-year [1] Business Structure - Revenue from PC games was 199 million yuan, accounting for 29.07% of total revenue, while mobile games generated 485 million yuan, making up 70.86% [1] - The proportion of mobile game revenue increased by 2.87 percentage points compared to the same period last year [1] - Domestic revenue was 241 million yuan (35.20% of total), while overseas revenue reached 444 million yuan (64.80%), with overseas revenue share increasing from 60.16% to 64.80% year-on-year [1] Game Performance - The company emphasized the success of its self-developed card games, particularly the American cartoon SLG game "War and Eternity," which saw a revenue increase of 225% [2] - Other titles like "Youth Three Kingdoms" and "Game of Thrones: Winter is Coming" also contributed to stable revenue through frequent content updates [2] - The "Youth Three Kingdoms" mini-program generated over 50 million yuan in revenue, with active user growth of 41% quarter-on-quarter [2] Cost Management - The company achieved a year-on-year decrease in operating expenses through refined cost control and targeted advertising [2] - The reduction in promotional expenses and improved organizational efficiency contributed to lower overall operating costs [2] Non-Recurring Gains - Non-recurring gains contributed significantly to net profit, with estimates of 25 to 50 million yuan from financial asset valuation changes and fund dividends [2] AI Integration - The company utilized AI to enhance global operations and player experience, supporting various aspects of game development and marketing [3] - The "YOOZOO.AI" platform improved operational efficiency across the game development and distribution process [3] - AI tools significantly increased testing efficiency and reduced localization costs by 80% [3] Industry Overview - The Chinese gaming industry saw a recovery in the first half of 2025, with actual sales revenue reaching 168 billion yuan, a year-on-year increase of 14.08% [4] - Chinese self-developed games generated 9.5 billion USD (approximately 68 billion yuan) in overseas sales, reflecting an 11% year-on-year growth [4]

Core Viewpoint - Youzu Interactive (002174.SZ) reported a strong performance in the first half of 2025, with significant revenue growth and profitability improvements [1] Financial Performance - The company achieved an operating revenue of 688 million yuan in the first half of the year [1] - Net profit attributable to shareholders reached 50.1553 million yuan, marking a year-on-year increase of 989.31% [1] - The non-recurring net profit was reported at 13.7433 million yuan [1] Operational Strategy - Youzu Interactive focuses on refined operations, maintaining stable revenue streams from popular titles such as "少年三国志" series, "少年西游记" series, and "Game of Thrones: Winter is Coming" [1] - The company has expanded into emerging channels like WeChat mini-programs, significantly enhancing the value of classic IPs [1] - The mini-program for "少年三国志" generated over 50 million yuan in revenue, with active user growth increasing by 41% quarter-on-quarter [1] Product Development - Youzu Interactive is diversifying its product line, actively launching over ten new titles including "少年三国志3", "援军来了", "代号: Ball", and "大皇帝H5" [1] - The company is also developing "我的三体：2277", an "AI native game" that incorporates AI tools for user-generated content creation [1]

Summary of Key Points Core Viewpoint - In August 2023, a total of 673 companies released their semi-annual reports for 2025, with 353 companies reporting a year-on-year increase in net profit, while 320 reported a decline. Additionally, 389 companies saw an increase in operating revenue, and 284 experienced a decrease. Notably, 255 companies had both net profit and operating revenue growth, while 186 companies reported declines in both metrics. The company with the highest profit growth was Huahong Technology, with an increase of 3480.57% [1]. Group 1: Company Performance - Huahong Technology reported a net profit of 79.63 million yuan, with a staggering year-on-year increase of 3480.57% and operating revenue of 315.94 million yuan, up 17.17% [1]. - Other notable performers include: - Guangda Tongchuang with a net profit of 23.22 million yuan, a year-on-year increase of 2699.69%, and operating revenue of 74.99 million yuan, up 48.31% [1]. - Qiming Information reported a net profit of 14.19 million yuan, up 2568.50%, with operating revenue of 32.99 million yuan, an increase of 6.51% [1]. - New Yisheng achieved a net profit of 394.23 million yuan, a 355.68% increase, with operating revenue of 1,043.72 million yuan, up 282.64% [1]. Group 2: Revenue Trends - A total of 71 companies experienced a doubling of their performance metrics, indicating strong growth potential in the market [1]. - The overall trend shows that while many companies are experiencing growth, there are also significant numbers reporting declines, highlighting a mixed performance landscape [1]. - Companies like Huafeng Technology and Yongding Co. also reported substantial increases in both net profit and operating revenue, with year-on-year growth rates of 940.64% and 917.66%, respectively [1].

时至8月下旬，A股游戏公司陆续进入半年报密集披露期。 8月25日晚间，游族网络公布了2025年半年度报告。报告显示，公司期内实现营业收入6.88亿元，同比小幅下降1.93%；归属于上市公司股东的净利润为 5015.53万元，同比大幅增长989.31%；扣除非经常性损益后的归母净利润为1374.33万元，同比微增0.85%。 针对营收略有下滑而归母净利润却大幅增长近十倍的情况，游族网络在报告中解释称，报告期内，公司持续推进以"少年"系列为核心的自研卡牌手游， 包括《少年三国志》《少年三国志2》《少年西游记》，以及SLG类自研产品，如《Game of Thrones: Winter is Coming》PC版（《权力的游戏：凛冬将至》 页游）和《Infinity Kingdom》手游（《战火与永恒》）的长线运营，这些游戏持续贡献了稳定的流水。 与此同时，公司在通过精细化成本与费用管控，实现了期间费用的同比下降。具体而言，产品推广更注重精准投放，广告宣传费用相应减少；同时，组 织效能提升在保障运营效率的基础上，进一步降低了整体运营成本。 值得一提的是，非经常性损益项目的同比增加，也为游族网络净利润贡献了增量。在此前 ...

Core Insights - The company reported a total revenue of 688 million yuan for the first half of 2025, with a net profit attributable to shareholders of 50.16 million yuan, marking a significant increase of 989.31% compared to the same period last year [1] - The company has achieved two consecutive years of profit growth, with a net profit increase of 45.55 million yuan year-on-year [1] Financial Performance - The latest operating cash flow showed a net outflow of 90.44 million yuan [1] - The asset-liability ratio stands at 22.85%, a decrease of 5.13 percentage points from the previous quarter and a decrease of 5.87 percentage points from the same period last year [3] - The gross profit margin is reported at 39.69%, an increase of 3.08 percentage points, achieving two consecutive quarters of growth [3] - The return on equity (ROE) is at 1.13%, up by 1.03 percentage points compared to the same period last year [3] - The diluted earnings per share (EPS) is 0.06 yuan, an increase of 0.05 yuan, representing a year-on-year growth of 1053.85% [3] - The total asset turnover ratio remains stable at 0.12 times, with a year-on-year increase of 4.17% [3] Shareholder Structure - The number of shareholders is reported at 52,900, with the top ten shareholders holding a total of 318 million shares, accounting for 34.06% of the total share capital [3] - The largest shareholder is Shanghai Jiayou Enterprise Management Partnership (Limited Partnership) with a holding of 11.49% [3]