证券之星消息，8月5日游戏板块较上一交易日上涨2.17%，ST华通领涨。当日上证指数报收于3617.6，上涨0.96%。深证成指报收于11106.96，上 涨0.59%。游戏板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002602 | ST华道 | 14.21 | 5.03% | 163.57万 | 22.74亿 | | 002558 | 巨人网络 | 27.85 | 4.98% | 86.88万 | 23.86亿 | | 002624 | 完美世界 | 15.39 | 4.69% | 112.43万 | 17.25亿 | | 002517 | 恺英网络 | 19.23 | 3.28% | 77.92万 | ﺍﻟﻤﺴﺘﻮﻯ ﺍﻟﻤ 14.93亿 | | 300533 | 冰川网络 | 37.00 | 2.83% | 23.82万 | 8.80亿 | | 603444 | 吉比特 | 370.40 | 1.88% | 1.50万 | 5.51亿 | | 300043 | ...

资金流向方面，今日主力资金净流入1.36亿元，占比成交额9.07%。其中，超大单净流入7273.14万元、 占成交额4.87%，大单净流入6277.63万元、占成交额4.2%，中单净流出流出9619.56万元、占成交额 6.44%，小单净流出3931.21万元、占成交额2.63%。 恺英网络最新一期业绩显示，截至2025一季报，公司营业总收入13.53亿元、同比增长3.46%，归属净利 润5.18亿元，同比增长21.57%，扣非净利润5.16亿元，同比增长21.66%，流动比率3.628、速动比率 3.610、资产负债率18.91%。 金融界消息 截至2025年8月5日收盘，恺英网络（002517）报收于19.23元，上涨3.28%，换手率4.12%， 成交量77.92万手，成交金额14.93亿元。 通过天眼查大数据分析，恺英网络股份有限公司共对外投资了11家企业，参与招投标项目3次，知识产 权方面有商标信息13条，专利信息27条，此外企业还拥有行政许可4个。 来源：金融界 天眼查商业履历信息显示，恺英网络股份有限公司，成立于2000年，位于泉州市，是一家以从事互联网 和相关服务为主的企业。企业注册资本213 ...

Core Viewpoint - Zhongxu Future (09890) has seen a stock price increase of over 3%, currently trading at 13.98 HKD with a transaction volume of 67.1 million HKD, following the announcement of strategic partnerships to enhance its gaming ecosystem [1] Group 1: Business Developments - Jiangxi Tanwan Information Technology Co., Ltd., a subsidiary of Zhongxu Future, has deepened its business cooperation with Hangzhou Tianqiong Interactive Network Technology Co., Ltd. by acquiring licenses for two classic IPs: "Blood Legend" and "Legend World" [1] - A cooperation agreement has been signed with Zhejiang Xianqu Interactive Network Technology Co., Ltd., a subsidiary of Kaiying Network (002517), to officially enter the gaming box section operated by Kaiying Network, establishing a "Tanwan Games" star brand section [1] Group 2: Strategic Implications - This collaboration represents an extension of the long-term partnership between Zhongxu Future (Tanwan) and Kaiying Network, marking a comprehensive upgrade of the Legend IP ecosystem [1] - The entry of Tanwan Games is expected to provide a more convenient content access point for a large user base and will utilize integrated marketing strategies, including signing celebrity endorsements, to create a multi-dimensional marketing approach combining "celebrity IP + game products" [1] - The community-oriented operation advantages of the gaming box will further enhance brand influence and effectively increase market penetration of the game products [1]

Core Viewpoint - Zhongxu Future (09890) has seen a stock price increase of over 3%, currently trading at 13.98 HKD with a transaction volume of 67.1 million HKD, following the announcement of deepened business cooperation with Jiangxi Tanwan Information Technology Co., Ltd. and Hangzhou Tianqiong Interactive Network Technology Co., Ltd. [1] Group 1 - The collaboration involves obtaining licenses for two classic IPs, "Blood Legend" and "Legend World," enhancing the IP ecosystem [1] - Zhongxu Future has signed a cooperation agreement with Zhejiang Xianqu Interactive Network Technology Co., Ltd., a subsidiary of Kaiying Network, to officially enter the game box section operated by Xianqu Interactive [1] - The partnership aims to provide a more convenient content entry for a large user base and will utilize integrated marketing strategies, including signing celebrity endorsements, to enhance product market penetration [1] Group 2 - The entry of Tanwan Games into the game box will leverage community operation advantages to further expand brand influence [1] - This collaboration is seen as an extension of the long-term partnership between Zhongxu Future (Tanwan) and Kaiying Network, representing a comprehensive upgrade of the legendary IP ecosystem [1]

Group 1 - The gaming concept stocks have shown strong performance, with Perfect World rising over 6%, Giant Network increasing over 4%, and Kaiying Network up over 3% [1] - The ETF tracking the CSI Animation and Gaming Index has risen over 2% due to market influences [1] - The CSI Animation and Gaming Index selects listed companies involved in animation, comics, and gaming to reflect the overall performance of the entertainment industry [2] Group 2 - Brokerages indicate that the global gaming market is in an upward cycle, with optimistic long-term growth expected in both revenue and player numbers [2] - DeepSeek's powerful generative capabilities may significantly enhance game development efficiency, creating more user-demanded virtual characters, maps, and storylines, enriching gameplay and fostering paid scenarios [2]

Investment Rating - The report maintains an "Outperform" rating for the media industry [5][39]. Core Views - The media sector has shown a positive performance with a 1.11% increase, outperforming both the CSI 300 (-1.75%) and the ChiNext Index (-0.74%) during the week [12][39]. - The report highlights the significant box office performance during the summer season, with total box office exceeding 60 billion yuan, led by the film "Nanjing Photo Studio" [2][19]. - The report emphasizes the upward trend in the performance cycle, particularly in AI applications and IP-driven products, suggesting a favorable outlook for the industry [4][39]. Summary by Sections Industry Performance - The media sector's performance for the week (July 28 - August 1) was an increase of 1.11%, ranking third among all sectors [12][14]. - Notable gainers included Guomai Culture, Yidian Tianxia, Shanghai Film, and Beijing Culture, while losers included Lansheng Co., Xinhua Media, and ST Fanli [12][39]. Key Highlights - ChinaJoy opened with high attendance, featuring 743 participating companies, of which 31.8% were foreign [2][18]. - The gaming sector is highlighted with the release of new AI functionalities and models, such as Grok's "Imagine" feature and Kimi K2 Turbo, which significantly improved output speed [2][16][17]. - The report tracks significant box office data, with "Nanjing Photo Studio" leading with a box office of 10.23 billion yuan, accounting for 62.9% of the total for the week [3][19]. Investment Recommendations - The report suggests focusing on sectors such as gaming, advertising media, and film, with specific stock recommendations including Kaiying Network, Giant Network, and Yaoji Technology [4][39]. - It also highlights the potential in high-dividend, low-valuation state-owned publishing sectors and the growing demand for IP-driven products and AI applications [4][39]. Company Earnings Forecasts - Key companies such as Kaiying Network, Fenzhong Media, and Mango Super Media are rated as "Outperform" with projected earnings per share (EPS) growth for 2025 and 2026 [5][42].

Investment Rating - The report maintains a positive outlook on the internet media sector, indicating an "Overweight" rating, suggesting that the industry is expected to outperform the overall market [4]. Core Insights - The report highlights the strong performance of AI applications in the US stock market, particularly noting Figma's successful IPO and its market capitalization exceeding $50 billion. Figma's integration of AI into design workflows is expected to enhance customer retention and drive revenue growth [4]. - The report identifies several key opportunities within the domestic AI application industry, including AI design, AI advertising, AI companionship/gaming, cross-border e-commerce, and education [4]. - The gaming sector is also highlighted, with Tencent's new game "Delta Action" exceeding expectations in daily active users, indicating strong growth potential despite high baseline comparisons [4]. - The report emphasizes the ongoing high demand for consumer entertainment sectors such as trendy toys, music, and concerts, with companies like Pop Mart and NetEase Cloud Music being recommended as core investment targets [4]. Summary by Sections AI Applications - Figma's revenue for 2024 is projected at $749 million, reflecting a year-over-year growth of 48%. The company's Rule of 40 score is among the top in the SaaS sector, with a revenue growth rate of 46% and an operating margin of 18% [4]. - The report suggests focusing on domestic AI design companies like Meitu, which is expected to grow at a CAGR of approximately 40% from 2024 to 2026, and Kuaishou, which has a low PE ratio of 15x [4]. Gaming Sector - Tencent's gaming growth potential is considered underestimated, with new titles like "Delta Action" performing well in the market. The report anticipates continued growth from other titles in development [4]. - Other companies such as Giant Network and Huatuo are also mentioned for their innovative game offerings and potential for future growth [4]. Consumer Entertainment - The report continues to recommend companies in the high-demand consumer entertainment sector, including Pop Mart and NetEase Cloud Music, as they have adjusted to high valuations and are entering favorable investment zones [4]. Advertising and Marketing - The collaboration between Focus Media and Alipay is noted as a significant development, aiming to create new marketing paradigms by integrating digital and physical spaces [4].

Group 1 - The core viewpoint highlights a strong performance in the media sector, with the CSI Media Index rising by 1.03% and several key stocks, including Giant Network and Shenzhou Taiyue, experiencing significant gains [1] - The cumulative box office of three major films, "The King's Avatar: For the Glory," "The Little Monster of Langlang Mountain," and "Nanjing Photo Studio," has surpassed 1.5 billion [1] - High ratings for recent domestic films, such as "The King's Avatar: For the Glory" and "Nanjing Photo Studio," are expected to drive future box office performance, with the potential for increased screenings for "The Little Monster of Langlang Mountain" [1] Group 2 - The CSI Media Index tracks 50 large-cap listed companies in marketing, advertising, cultural entertainment, and digital media sectors, reflecting the overall performance of representative companies in the media field [2] - As of July 31, 2025, the top ten weighted stocks in the CSI Media Index account for 47.81% of the index, with companies like Focus Media and Giant Network among the leaders [2]

Group 1 - The core viewpoint of the news is that Kaiying Network (002517) has shown positive financial performance with a revenue increase and significant net profit growth in the latest quarterly report [1][3] - As of August 4, 2025, the stock price of Kaiying Network closed at 18.62 yuan, reflecting a 2.36% increase with a trading volume of 610,300 hands and a transaction amount of 1.131 billion yuan [1] - The company reported total operating revenue of 1.353 billion yuan for Q1 2025, representing a year-on-year growth of 3.46%, and a net profit attributable to shareholders of 518 million yuan, up 21.57% year-on-year [1] Group 2 - The company has a current liquidity ratio of 3.628 and a quick ratio of 3.610, indicating strong short-term financial health, with a debt-to-asset ratio of 18.91% [1] - Kaiying Network has made investments in 11 external companies and has participated in three bidding projects, showcasing its active engagement in business expansion [2] - The company holds 13 trademark registrations and 27 patents, along with four administrative licenses, reflecting its commitment to intellectual property and regulatory compliance [2]

Investment Rating - The report maintains an "Outperform" rating for the media industry [5][39]. Core Views - The media sector has shown a positive performance with a 1.11% increase, outperforming both the CSI 300 (-1.75%) and the ChiNext Index (-0.74%) during the week of July 28 to August 1 [12][39]. - The report highlights the significant box office performance during the summer season, with total box office revenue surpassing 60 billion yuan, led by the film "Nanjing Photo Studio" [2][19]. - The report emphasizes the upward trend in the performance cycle, particularly in AI applications and IP (Intellectual Property) trends, suggesting a favorable outlook for these areas in the medium to long term [4][39]. Summary by Sections Industry Performance - The media sector's performance ranked third among all sectors for the week, with notable gains from companies like Guomai Culture, Yidian Tianxia, Shanghai Film, and Beijing Culture [12][14]. - The report notes that the top three films for the week were "Nanjing Photo Studio" (1.023 billion yuan, 62.9% market share), "Xitai" (144 million yuan, 8.8% market share), and "Lychee of Chang'an" (124 million yuan, 7.6% market share) [3][19]. Key Developments - The report mentions the opening of ChinaJoy, with 743 companies registered, including a 31.8% foreign participation rate, indicating strong interest in the gaming and digital entertainment sectors [2][18]. - New AI features and products were highlighted, including Grok's new video generation capability and the release of Kimi K2 Turbo, which significantly increased output speed [2][16][17]. Investment Recommendations - The report suggests focusing on sectors such as gaming, advertising media, and film, with specific stock recommendations including Kaiying Network, Giant Network, and Yaoji Technology for gaming; Focus Media and Bilibili for media; and Wanda Film and Huace Film for film content [4][39]. - The report also emphasizes the potential of high-dividend, low-valuation state-owned publishing companies and the growing demand for IP-driven products, recommending companies like Pop Mart and Zhejiang Wenlian [4][39].