A股网络游戏股集体拉升，其中，巨人网络、神州泰岳涨超8%，华如科技涨6.5%，北纬科技涨5%，冰 川网络、浙数文化、三七互娱、初灵信息均涨超2%。消息上，中信建投研报指出，24年下半年以来女 性微恐游戏赛道逐步扩容，这类游戏融合微恐、追逐、搜宝、社交休闲等元素，快速起量。《超自然行 动组》是巨人网络2025年推出，采用与第五人格不同的搜打撤玩法和中式盗墓题材，4月至今已与"故宫 里的神兽世界"和"昆仑山"两大中国地理文化IP联动。 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 002558 | 巨人网络 | 26.19 | 8.58% | | 300002 | 神州泰岳 | 13.67 | 8.23% | | 301302 | 华如科技 | 27.79 | 6.48% | | 002148 | 北纬科技 | 7.50 | 5.93% | | 300251 | 光线传媒 | 21.22 | 5.41% | | 002168 | *ST惠程 | 3.83 | 4.93% | | 300533 | 冰川网络 | 36.57 | 4.85% | | 002 ...

Core Viewpoint - A-shares in the online gaming sector experienced a collective surge, driven by the expansion of the female micro-horror gaming segment, which is gaining traction and integrating various gameplay elements [1] Group 1: Market Performance - Major stocks such as Giant Network and Shenzhou Taiyue saw increases of over 8%, while Huaru Technology rose by 6.5%, and Beiwai Technology increased by 5% [1] - Other companies like Bingchuan Network, Zhejiang Shuju Culture, Sanqi Interactive Entertainment, and Chuling Information also reported gains exceeding 2% [1] Group 2: Industry Insights - CITIC Securities' research report indicates that the female micro-horror gaming segment has been gradually expanding since the second half of 2024, filling a gap in the "search, fight, and retreat" gameplay for female players [1] - The game "Supernatural Action Group," set to be launched by Giant Network in 2025, features a unique gameplay style and has collaborated with significant Chinese cultural IPs since April [1] - The report highlights that the growth in this segment is attributed to high-frequency IP collaborations and event operations, resonating with younger audiences for emotional engagement and stress relief [1] Group 3: Global Market Trends - SensorTower's report projects that the global mobile and PC gaming market will regain growth momentum, with the total market size expected to exceed $120 billion by 2028 [1] - In 2024, global mobile game in-app purchase revenue is anticipated to grow by 4% year-on-year, surpassing 2020 levels, and is expected to continue growing by 6% in 2025, reaching $85.4 billion [1] - By 2028, global mobile game in-app purchase revenue is forecasted to reach $106.5 billion [1]

| 42 | 0 | 三七互娱 | 51.09 | -1 + | | --- | --- | --- | --- | --- | | 43 | | 常山北明 | 50.65 | -1 0 | | 44 | | 中国民航信息网络 | 46.97 | -1 + | | 45 | | 奇富科技 | 45.25 | -1 + | | 46 | | 岩山科技 | 44.28 | | | 47 | INESA | 云赛智联 | 42.59 | -1 + | | 48 | DHC | 东华软件 | 41.41 | | | 49 | | 银之杰 | 40.59 | | | 50 | | 阅文集团 | 39.68 | 1 t | 每日根据市值计算出前50名公司,美元港元按照当日汇率中间价折算 @ JIN10.COM D. 金十数据 | 一个交易工具 | 排名 | | 公司 | 市值(亿美元) | 排名变化 | | --- | --- | --- | --- | --- | | 1 | | 台积电 | 12199.22 | | | 2 | | 腾讯控股 | 6346.48 | | | 3 | | 阿里巴巴 | 2791.93 | ...

长江商报消息 ●长江商报记者 潘瑞冬 面对新技术浪潮，李逸飞带领三七互娱（002555.SZ）加紧布局。 8月1日晚间，三七互娱公告，其全资子公司宣布斥资不超过1000万美元参与SX Global Flagship FundII的 投资。公司称，此次投资旨在协同主业发展，达到公司在前沿科技领域的战略布局，并实现资本增值。 此次投资，也标志着李逸飞的资本棋局将再落一子。 回望李逸飞掌舵三七互娱的15年"长跑"，恰是一部穿越行业跌宕的生存与发展实录。从页游时代的流量 弄潮儿，到手游转型的惊险一跃，再到全球化远征的艰难开拓，李逸飞带领公司历经三次关键战略变 革。 在李逸飞的带领下，三七互娱市值从借壳上市初期的波动攀升至当前的约365亿元；业务结构彻底重 塑，2024年手游收入占比跃升至96.8%，境外营收占比约32.81%。 在政策调整与技术迭代的双重压力下，李逸飞正尝试以资本为纽带，将触角伸向AI等前沿领域，为下 一个行业变革提前布局。 靠游戏代理掘取第一桶金 李逸飞，又名李卫伟，1977年出生于四川省广元市。学生时代的他，如同众多游戏爱好者一样，深深沉 迷于游戏世界。从初中、高中时的单机游戏，到大学时期的网络游 ...

Investment Overview - The company, through its wholly-owned subsidiary 37 Starseek Co., Limited, plans to invest in SX Global Flagship Fund II L.P., with a total expected scale of up to $300 million. The subsidiary intends to contribute no more than $10 million, representing approximately 3.33% of the fund's total size if it reaches $300 million [1][2][7]. Investment Purpose and Strategy - The investment aims to target high-quality enterprises in cutting-edge technology, Software as a Service (SaaS), and other tech-related fields, aligning with the company's strategic layout in advanced technology and capital appreciation [2][12]. Partner Information - The general partner of the fund is SX Global Advisors Limited, which focuses on research and investment opportunities in leading technology companies. The firm has experience in the relevant investment sectors [3][4]. Fund Structure and Terms - SX Global Flagship Fund II L.P. is structured as an exempted limited partnership registered in the Cayman Islands, with a lifespan of 10 years, extendable by the general partner with limited partner committee approval [8][9]. Financial and Operational Impact - The investment is made using the company's own funds and does not involve fundraising or constitute a related party transaction. The company will follow relevant regulations and disclosure obligations regarding this investment [2][3][13]. Compliance and Disclosure - The company commits to adhering to the Shenzhen Stock Exchange's regulations and will fulfill its information disclosure obligations regarding the investment's progress [3][14].

Investment Overview - Company’s wholly-owned subsidiary, 37 Starseek Co., Limited, plans to invest in SX Global Flagship Fund II L.P., with a maximum investment of $10 million out of a total fund size not exceeding $300 million [1][2] - If the fund reaches its maximum size, the investment from 37 Starseek would represent approximately 3.33% of the total fund [1] Investment Purpose and Strategy - The fund will focus on investing in high-quality companies in cutting-edge technology, Software as a Service (SaaS), and other tech-related fields, aligning with the company's strategic layout in advanced technology and capital appreciation [2][14] - SX Global Advisors Limited, the general partner, specializes in analyzing data and transaction opportunities in leading tech companies [2] Regulatory Compliance - The investment does not involve fundraising, does not constitute a related party transaction, and does not meet the criteria for a major asset restructuring as per relevant regulations [2][3] - The investment has been approved by the company’s chairman and does not require further approval from the board or shareholders [2] Partner Information - SX Global Advisors Limited is registered in the Cayman Islands with a capital of $50,000 and was established on March 24, 2025 [3][4] - 37 Starseek Co., Limited is also a limited liability company registered in the British Virgin Islands, with the same capital and established on May 5, 2023 [6] Fund Structure and Terms - The fund is structured as an Exempted Limited Partnership, with a lifespan of 10 years, extendable by the general partner [8][10] - The investment will be made in cash, and the fund will undergo liquidation at the end of its term [9][11] Profit Distribution - Profits from the fund's investments will be distributed according to the partnership agreement, with limited partners receiving their investment costs first, followed by profit sharing with the general partner [12][13] Impact on Company - The collaboration with a professional investment institution is expected to reduce investment risks and enhance potential returns, aligning with the company's growth needs and benefiting all shareholders [14] - The investment is not anticipated to have a significant short-term impact on the company's financial status or operational results [14]

Industry Overview - The China gaming industry has shown significant growth in the first half of 2023, with actual sales revenue reaching 168 billion yuan, a year-on-year increase of 14.08%, and the user base expanding to nearly 679 million, marking a historical high [1] - The rapid growth of mini-program games is notable, with actual sales revenue of 23.276 billion yuan in the first half of 2023, reflecting a year-on-year increase of 40.2% [1] Market Dynamics - The success of new game releases and the sustained performance of evergreen games have contributed to the industry's revenue growth [1] - The trend towards high-quality games with cultural and commercial value is becoming more pronounced, indicating a shift from quantity to quality in the gaming sector [1] Technological Integration - The gaming industry is increasingly integrating AI technologies across various stages of game development, enhancing efficiency and innovation [3] - Major gaming companies, including Tencent and Baidu, are developing comprehensive AI solutions that cover creation, development, and operation phases, establishing a competitive edge in the AI gaming cloud sector [3] Cultural Significance - Games are recognized not only as entertainment products but also as important cultural carriers and avenues for technological innovation, contributing to the digital economy [3] - The industry is focusing on creating high-quality games that can represent "Made in China" as a symbol of reliability and excellence in the global gaming market [4]

Group 1 - The core index of the entertainment and media sector, the CSI Entertainment and Media Index, has shown a positive performance with a 2.65% increase over the past month, an 8.83% increase over the past three months, and an 11.33% increase year-to-date [2] - The CSI Entertainment and Media Index includes companies involved in video, live streaming, gaming, film, IPTV/OTT, digital publishing, digital marketing, online education, and event performances, reflecting the overall performance of listed companies in the cultural, entertainment, and media sectors [2] - The top ten weighted companies in the CSI Entertainment and Media Index are: Focus Media (9.68%), China Duty Free Group (8.37%), Giant Network (4.34%), Kunlun Wanwei (4.21%), Kaiying Network (4.13%), Light Media (3.92%), Leo Group (3.51%), 37 Interactive Entertainment (3.39%), BlueFocus Communication Group (3.37%), and Shenzhou Taiyue (3.29%) [2] Group 2 - The CSI Entertainment and Media Index is primarily composed of companies listed on the Shenzhen Stock Exchange, which accounts for 73.17% of the index, while the Shanghai Stock Exchange accounts for 26.83% [2] - In terms of industry composition, the index has a significant focus on communication services, which make up 87.48% of the holdings, followed by consumer discretionary at 11.27%, and information technology at 1.25% [2] - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year [3]

Core Insights - The gaming industry is increasingly focusing on AI, with major companies like Tencent and NetEase leveraging AI for strategic development and operational efficiency [1][2][4] - The 2025 ChinaJoy event highlighted AI's transformative potential in game production and experience, showcasing significant improvements in efficiency and accuracy [1][10] - Executives from various companies emphasized the importance of AI in reshaping the gaming landscape, with practical applications already yielding impressive results [1][6][16] Group 1: AI Integration in Gaming - AI is seen as a crucial element in the strategic layout of gaming companies, with a focus on enhancing production efficiency and user experience [1][4] - Tencent's "Hunyuan" model has introduced a game visual generation platform that significantly boosts design efficiency, demonstrating the practical application of AI in gaming [2][4] - Companies are reporting substantial improvements, such as over 80% efficiency in image generation and 95% accuracy in AI translation [1][10] Group 2: Challenges and Opportunities - The gaming industry faces challenges in balancing performance and value perception, as well as emotional and brand value [6][8] - There is a need for effective human-AI collaboration, with companies exploring new paradigms to enhance creativity while maintaining content originality [6][9] - The integration of AI is expected to lead to a comprehensive transformation of the gaming ecosystem, moving beyond isolated innovations to a complete overhaul [5][16] Group 3: Future Directions - Companies like Baidu and Perfect World are developing comprehensive AI solutions that streamline the entire game development process, from concept to execution [16][14] - The gaming industry is entering a new era of intelligent production capabilities, with AI tools expected to enhance both creativity and operational efficiency [16][14] - The long development cycles in gaming mean that the full impact of AI will take time to materialize, suggesting a gradual but significant shift in the industry [17]

Core Viewpoint - Company 37 Interactive Entertainment (002555.SZ) announced that its wholly-owned subsidiary, 37 Starseek, plans to invest in SX Global Flagship Fund II L.P. with a maximum investment of $10 million, representing approximately 3.33% of the fund's total expected size of $300 million [1] Group 1 - The total expected size of SX Global Flagship Fund II L.P. is projected to be no more than $300 million [1] - 37 Starseek will contribute up to $10 million from its own funds to subscribe for shares in the fund [1] - SX Global Advisors Limited will act as the general partner and will contribute no less than 2% of the total committed capital of the fund [1] Group 2 - The fund will focus on investing in cutting-edge technology, Software as a Service (SaaS), and other technology-related sectors [1] - This investment aligns with the company's strategic layout in the frontier technology field and aims to achieve capital appreciation [1]