Core Insights - The 2025 Guangdong Game Industry Annual Conference and "Golden Diamond Ceremony" will take place on December 23-24, 2025, gathering top industry players to review achievements and predict future trends [1] - The event is guided by the Guangdong Provincial Press and Publication Bureau and organized by the Guangdong Game Industry Association, having developed into a highly recognized brand over nine years [1] - 37 Interactive Entertainment won four major awards at the "Golden Diamond Ceremony," including recognition as one of the "Top 20 Guangdong Game Companies" and accolades for its popular games [1][2] Industry Overview - The Guangdong game industry is projected to achieve an annual revenue of 283.613 billion yuan, accounting for 80.85% of the national revenue [2] - The recognition of 37 Interactive Entertainment as a top company reflects its leading position and commitment to high-quality industry development [2] Company Achievements - 37 Interactive Entertainment has actively pursued technological innovation while maintaining a focus on content, establishing an AI-enabled system that enhances efficiency across various development stages [4] - The company’s products have received multiple awards, showcasing its diverse content strategy and success in the mini-game sector, which has seen a market size of 53.535 billion yuan, a year-on-year increase of 34.39% [4] - The games "Time Explosion" and "Heroes No Flash" have been recognized as the "Most Popular Mini-Games," highlighting the company's strategic positioning in this growing market [4][6] Game Performance - "Time Explosion" achieved significant popularity, reaching the top of the iOS free chart and ranking fourth in the WeChat mini-game sales chart [6] - "Heroes No Flash" emerged as a standout in the mini-game sector, also topping the WeChat sales chart [6] - The flagship game "Douluo Continent: Soul Hunting World" won the award for "Most Popular Original Online Game," demonstrating the company's strength in IP adaptation and original development [6] Talent Recognition - The inclusion of 37 Interactive Entertainment's legal vice president and AI Lab head in the Guangdong Game Industry Expert Database reflects the industry's recognition of the company's talent [8] - The awards received at the "Golden Diamond Ceremony" signify comprehensive acknowledgment of the company's overall strength [8] Future Outlook - 37 Interactive Entertainment plans to continue investing in content creation and technological innovation, leveraging AI to enhance product development and actively participating in industry planning and development [8]

Core Insights - DataEye research indicates that Sanqi Interactive Entertainment is highly active in the mini-game market as the year-end approaches [1] - The mini-game "Football Star" has shown impressive market performance, quickly rising in rankings after its release [2][3] Product Overview - "Football Star" is a strategy card game centered around football, featuring a storyline related to the popular "Village Super" events [7] - Players can recruit star players and manage their teams to enhance combat power and compete in higher-level leagues [7] - The game includes real-time strategy elements, allowing players to adjust formations and player positions based on opponents [12] Market Performance - "Football Star" entered the WeChat mini-game sales ranking at 84th on December 10, climbed to 59th by December 13, and reached the top 50 by December 15 [3] - The game briefly appeared in the popularity ranking but was positioned around 80th [3] - Compared to "Survival for 33 Days," which has stabilized in performance, "Football Star" is still in the ranking ascent phase [6] Advertising and User Acquisition - Initial advertising for "Football Star" was modest, with daily material submissions between 10-20 until December 12, when it surged to over 1,000 [13] - Following the initial spike, advertising volume dropped significantly, indicating a potential shift in strategy or resource allocation [13][14] - The advertising materials focus on football themes, showcasing character development and gameplay elements to attract a broader audience [15][16] Industry Trends - The current market trend shows a shift towards more entertainment-focused sports games, moving away from hardcore competition to attract a wider user base [18] - The success of local football events has highlighted the potential for sports games to engage casual players, suggesting a strategic pivot for companies in the gaming industry [18]

Core Insights - The Chinese mini-game market is experiencing significant growth, with actual sales revenue reaching 23.276 billion yuan in the first half of 2025, a year-on-year increase of 40.2%, far exceeding the mobile game market's growth rate of 16.55% [1] - The company, 37 Interactive Entertainment, is actively seeking transformation by expanding from gaming into artificial intelligence, quality education, and global distribution, aiming to create a future-oriented global entertainment technology ecosystem [1] Group 1: Market Trends - The mini-game market is projected to exceed 60 billion yuan in size by 2025, indicating that it remains unsaturated compared to the slowing mobile game market [1] - The company is reducing its reliance on traditional user acquisition methods and is focusing on technology-driven content efficiency through AI and data platforms [2] Group 2: Product Development - The company is enhancing its long-term operational capabilities for existing games, with titles like "Seeking the Path of the Universe" and "Time Grocery Store" effectively extending game lifecycles through various engagement strategies [3] - New products are achieving impressive results, with "Time Explosion" reaching the top of the iOS free chart upon launch, and "Heroes Have No Flash" quickly entering the top five of the iOS sales chart [4] Group 3: R&D and Global Strategy - The company is expanding its self-developed capabilities and diversifying its product line, forming a rich external development reserve through partnerships with quality developers [5] - 37 Interactive Entertainment has established itself as a leading global game publisher, successfully distributing numerous titles across over 200 countries and regions [7][8] Group 4: Talent Strategy - The company offers a comprehensive employee welfare system, including an enhanced insurance package and housing support for employees who have been with the company for over two years [9][10] - A focus on work-life balance is evident through policies like double weekends and early leave on certain holidays, alongside a robust talent development program [12][18] Group 5: Future Outlook - The company is committed to building a long-term competitive advantage through technological innovation, quality development, global distribution, ESG governance, and talent development strategies [26] - 37 Interactive Entertainment aims to enhance its global cultural expression and maintain a long-term perspective to improve the quality of cultural output [26]

Core Insights - Guangdong is positioning itself as a leading hub for the gaming industry in China, with initiatives to become the first city for game exports and the establishment of the "Greater Bay Area Game Valley" [2][3] Group 1: Market Growth and Projections - The global gaming market is projected to reach $188.8 billion by 2025, growing at a rate of 3.4%, with the Asia-Pacific region expected to generate $87.6 billion, a 2.3% increase [2] - China's gaming revenue is estimated to reach $52.3 billion by 2025, while Guangdong's gaming revenue is forecasted to hit ¥283.61 billion, reflecting an 8.9% year-on-year growth [2][3] Group 2: Guangdong's Market Share - Guangdong's gaming revenue accounts for over 80% of the national total, increasing from 79.94% the previous year, with a significant contribution from mobile games, client games, and mini-program games [3] - The province has seen an average annual growth rate of 12% in its gaming industry over the past decade, solidifying its status as a national leader [3] Group 3: Industry Development and Trends - The gaming industry in Guangdong is transitioning from "product management" to "emotional management," reinforcing its position as the "heart" of China's gaming sector [4] - The esports sector is rapidly evolving into a standalone industry, driven by new consumer trends and policies, with significant growth in esports-related products and events [4] Group 4: International Expansion - Guangdong's self-developed games are projected to generate over ¥42.36 billion in overseas revenue in 2024, with expectations for this figure to reach ¥46.43 billion by 2025, marking a 9.6% increase [4]

Core Viewpoint - The A-share market is experiencing a "new normal" in cash dividends, with an increasing number of companies adopting quarterly cash dividends and multiple distributions within a year, reflecting a shift towards enhancing investor returns and optimizing market ecology [1][5]. Group 1: Increase in Cash Dividends - As of December 23, 2025, the number of companies in the A-share market that distributed cash dividends in the third quarter reached 270, with expectations for further increases [2]. - The trend of quarterly cash dividends has been growing, with the number of companies distributing dividends in the third quarter rising from fewer than 10 before 2019 to 60 in 2023, and projections indicate a surge to over 300 in 2024 [2]. Group 2: Generosity in Dividend Payments - Companies are showing significant generosity in their cash dividends, with some, like Gigabit (603444), announcing a cash dividend of 6.00 yuan per share, totaling approximately 431 million yuan [3]. - Several companies reported cash dividend yields exceeding 2% for the third quarter of 2025 [3]. Group 3: Increase in Dividend Frequency - The number of companies conducting multiple cash dividends within a year has also increased, indicating a developing ecosystem for more frequent distributions [4]. - For instance, Yuyin Co. (002177) and 37 Interactive Entertainment (002555) have both implemented multiple cash dividend plans in 2025, showcasing the trend of increased distribution frequency [4]. Group 4: Impact on Market Ecology - Analysts believe that the enhancement of cash dividends will fundamentally change the A-share market's previous focus on financing over returns, promoting balanced development in investment and financing [5][6]. - Increased cash dividends are expected to reduce speculative trading and encourage long-term value investment, creating a virtuous cycle of financing, development, and returns [5][6]. - The rise in cash dividends is seen as a sign of market maturity and prosperity, with more companies participating in this trend likely to enhance the overall investment value in the market [6].

Core Viewpoint - The "Annual Innovation Award" was awarded to 37 Interactive Entertainment (002555.SZ) during the "Technology Empowerment · Capital Breakthrough" online sharing session held by Gelonghui, recognizing its significant contributions to innovation in the capital market [1] Group 1 - The "Annual Innovation Award" aims to honor companies that demonstrate breakthrough and innovative capabilities in the capital market [1] - Innovation is highlighted as the core competitive advantage for companies, necessitating advancements in technology research and development, products, and business models [1] - Awarded companies are selected based on multiple dimensions of innovation, including breadth and depth, and are committed to exploring cutting-edge technologies and paving new development paths [1]

Core Insights - The "Top 100 Mini Game Companies in China 2025" list was released, highlighting significant growth in the mini game sector, with a projected revenue increase of 40% year-on-year in the first half of 2023 [1][9] - The mini game market is expected to become highly competitive by 2026, especially after a new agreement between Apple and Tencent regarding a 15% commission on payments within WeChat mini games [1] Company Highlights - 37 Interactive Entertainment ranked first in the list, attributed to its ability to adapt to industry changes and continuously refine its positioning [2][5] - The year 2023 marked a breakthrough for 37 Interactive, with successful game launches like "Seeking the Dao" and "Soul Chapter," which solidified its competitive edge in the mini game market [4] - 37 Interactive has a strong product matrix with 14 games listed in the top 100, showcasing its capability as a "hit-making machine" [4][12] Competitor Analysis - Second place was taken by Dream Dragon Path, known for its popular game "Shoot the Zombie," with five games listed in the top 100 [6] - BoKe Technology emerged as a dark horse, jumping from 15th to 3rd place, indicating a successful year with multiple products entering the top ranks [7][8] - Tencent, ranked 7th, focuses on adapting its classic games into mini game formats, achieving notable success despite a smaller number of releases [8] Market Trends - The mini game market in Guangdong is projected to generate significant revenue, with expectations of reaching 283.61 billion RMB in 2025, accounting for 80.85% of the national revenue [9] - The competitive landscape is intensifying, with a notable concentration of top companies in Guangdong and Shenzhen, indicating a robust regional advantage in the mini game sector [9]

Core Viewpoint - The "Golden Award" annual excellence company selection by Gelonghui recognized 37 Interactive Entertainment (002555.SZ) as the "Annual Outstanding New Quality Productive Enterprise" for its significant contributions to the development of new quality productivity [1] Group 1 - The "Annual Outstanding New Quality Productive Enterprise" award aims to honor companies that excel in promoting the development of new quality productivity [1] - New quality productivity emphasizes the enhancement of total factor productivity, with such companies often pursuing specialized, refined, and distinctive development paths [1] - These enterprises are considered important forces in driving economic transformation and upgrading [1]

Group 1 - The core viewpoint emphasizes that listed companies in China are not only the main force behind data growth but also serve as a stabilizing factor in the industry ecosystem, focusing on long-term value and comprehensive governance [2] - In 2025, the capital market aims for steady progress and quality improvement amidst multiple risks, enhancing market resilience and risk resistance, leading to reasonable quantitative growth and effective qualitative enhancement [2] - The market's expectations for listed companies have shifted from short-term performance to long-termism and comprehensive value, including governance structure, stable returns, strategic layout in frontier fields, and deep ESG practices [2] Group 2 - The 2025 T-EDGE Global Dialogue, organized by Titanium Media Group, NextFin.AI, and Barron’s China, highlights the importance of recognizing companies that redefine industry boundaries and emphasizes the core logic of "value investment" [3] - The EDGE AWARDS annual list includes categories such as Most Socially Responsible Company, Best Board Secretary, Most Investment Value Company, and Best Investor Relations Management Company, recognizing outstanding performance in governance, investment value, social responsibility, and investor relations [3][4] Group 3 - Aier Eye Hospital is recognized as a leader in ESG practices, integrating ESG into its core business and governance structure, while actively engaging in public welfare projects to enhance national eye health [5] - Betaini Group focuses on creating a skin health ecosystem and incorporates green development into its strategy, promoting biodiversity and sustainable practices [6] - Kweichow Moutai leads the liquor industry with a brand value of 468.718 billion, actively engaging in ecological protection and social responsibility initiatives [7] - JD Group has created significant employment opportunities and is committed to improving living conditions for its delivery personnel, with plans to invest 22 billion in housing projects [8] - Quantitative Group, listed on the Hong Kong Stock Exchange, leverages AI technology to reshape online consumption and has achieved a compound annual growth rate of 44.59% in revenue from 2022 to 2024 [9] - Seres focuses on new energy vehicles and has established a robust ESG governance framework, with significant growth in revenue and sales projected for 2024 [10] - Shui Jing Fang integrates social responsibility into its corporate strategy, setting clear environmental goals and contributing to community development [11] - China Baoan actively engages in social responsibility through its subsidiaries, contributing to community welfare and healthcare improvements [13] Group 4 - The Best Board Secretary category highlights the importance of effective communication between listed companies and the public, emphasizing the role of board secretaries in enhancing corporate governance [14] - Ren Shunying from Anfu Technology is recognized for her expertise in capital operations and corporate governance, significantly contributing to the company's compliance and investor relations [15] - Xia Ping from Jiahe Intelligent is noted for her effective investor relations management and participation in strategic planning [16] - Li Liangyu from Robotech is acknowledged for his role in maintaining corporate governance and enhancing market recognition [17] - Zhang Wenyu from Tianqi Lithium is recognized for his contributions to market value management and investor relations [18] Group 5 - The Most Investment Value Company category identifies companies with clear business models and significant breakthroughs in technology or policy, indicating strong growth potential [19][20] - Orbbec, a leader in 3D vision technology, has achieved over 70% market share in key sectors and continues to lead industry advancements [20] - BYD maintains its position as a global leader in new energy, with significant growth in overseas markets and a strong investment outlook [21] - Cambrian has entered a critical profitability phase, with substantial revenue growth and a strong market position in AI chips [22] - Hanlan Environment focuses on environmental services and has achieved consistent profit growth, attracting long-term investors [23] - Geely Auto has demonstrated strong financial performance and strategic integration, positioning itself for sustained growth [24] - Kanghong Pharmaceutical emphasizes innovation in drug development and has shown robust revenue growth, indicating long-term investment value [25] - Lens Technology maintains a strong market position with solid cash flow and growth potential in the automotive and consumer electronics sectors [26]

Core Viewpoint - The gaming industry is leveraging artificial intelligence (AI) to enhance operational efficiency, innovate cultural dissemination, and enable cross-industry collaboration, with a focus on creating a new ecosystem of productivity through technology [1][10]. Group 1: AI in Game Development and Operations - AI has permeated the gaming industry, enhancing the entire process from project initiation to operation, driving a revolution in production efficiency [4][14]. - The company has developed a proprietary AI model, "Xiao Qi Model," which serves as the foundation for AI capabilities across various business applications, significantly improving the industrialization level of game development and operations [4][14]. - AI customer service has been implemented across all games, achieving over 80% accuracy in responses and saving approximately 30 personnel [5][14]. Group 2: Cultural Innovation and Dissemination - The company integrates intangible cultural heritage projects into games, utilizing digital and AI technologies to enhance cultural content and reach younger audiences [6][15]. - A virtual ambassador, "Cong Mei," has been created to promote local culture through AI-generated promotional materials, bridging the gap between gaming and cultural tourism [6][15]. - The combination of online gaming experiences and offline activities fosters a richer cultural exchange, enhancing both gaming content and tourism development [6][15]. Group 3: AI Applications Beyond Gaming - The company has developed an AI copyright protection system named "Ling Cha Cha," which utilizes AI algorithms and big data to monitor and respond to copyright issues effectively [7][16]. - An intelligent assistant for the city of Guangzhou has been created, providing real-time responses to citizen inquiries and enhancing the city's digital transformation [8][17]. - The company aims to collaborate with various government entities to further showcase the benefits of AI technology in urban development [9][18]. Group 4: Future Outlook - Embracing the AI wave is seen as essential for the future of the gaming industry, with a focus on technological empowerment and innovative growth to create a more imaginative digital gaming ecosystem [10][19].