三七互娱公告称，其全资子公司37Starseek拟参与投资Lighthouse Founders' Fund L.P.，以自有资金出资 不超过200万美元。该基金实际总规模预计不超8000万美元，若最终募资8000万美元且子公司出资200万 美元，其投资占比约2.5%。基金将投AI及相关泛科技领域优质企业，以协同主业发展。投资不涉及募 资，不构成关联交易和重大资产重组，已获董事长审批。投资存不确定性和风险，短期对公司财务和经 营无重大影响。 ...

据悉，Lighthouse Founders' Fund L.P.将投资于AI及其他相关泛科技领域的优质企业，以协同主业发展， 达到公司在前沿科技领域的战略布局，并实现资本增值。 智通财经APP讯，三七互娱(002555.SZ)公告，公司全资子公司37 Starseek Co., Limited(简称"37 Starseek")拟参与投资Lighthouse Founders' Fund L.P.，并于近日签署完成有关认购协议。Lighthouse Founders' Fund L.P.实际总规模预计不超过8000万美元，公司子公司37 Starseek拟作为有限合伙人以自有 资金出资不超过200万美元，普通合伙人为Lighthouse Founders' Fund GP Ltd.，普通合伙人及其关联方 拟以自有资金出资不低于基金总认缴规模的2%。若Lighthouse Founders' Fund L.P.的最终募集规模为 8000万美元，且公司子公司37 Starseek以自有资金出资200万美元，则公司子公司37 Starseek的投资金额 约占基金规模的2.5%。 ...

受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 2025年12月5日，三七互娱（维权）（002555）公告收到证监会《行政处罚决定书》，上海久诚律师事 务所股票索赔律师许峰提示，至此，三七互娱所涉嫌的违法事实已基本清晰，如果投资者因此受损，目 前已可发起索赔。 许峰律师代理的三七互娱投资者索赔案再提交法院立案，律师团队同步还在推进后续案件的立案工作， 还在持续接受其他投资者的索赔委托。（许峰律师专栏） 上述《行政处罚决定书》公告信息显示，经查明，三七互娱违法的事实如下： （一）2014年至2020年年报披露的股东持股情况存在虚假记载。 （二）2018年年度报告未披露收购江苏极光股权事项为关联交易，存在重大遗漏。 （三）三七互娱2020年间接收购广州三七股权事项为关联交易，2020年12月7日披露的临时公告虚假记 载、2020年年度报告存在重大遗漏。 （四）2018年至2021年年报未披露与海南力源等公司发生的关联交易，存在重大遗漏。 专门从事股 ...

转自：智通财经 标的判断：锁定投资团队的核心资产，甄选"能落地的顶尖科学家" 近日，中国科学院院士增选结果揭晓，三七互娱（维权）参投企业北京北启生物医药有限公司（下 称"北启生物"）科学创始人、北京大学邓宏魁教授成功当选。这是继华翊博奥（北京）量子科技有限公 司（下称"华翊量子"）创始人、清华大学段路明教授当选院士后，三七互娱投资版图中再度诞生"院士 级"核心创始人。 在量子计算、生物制造等国家战略发展重点关注的新质生产力领域，三七互娱均精准"锁定"顶尖科学家 领衔的头部项目。这份投资成绩单不仅印证了三七互娱对国家战略规划方向的前瞻洞察，更具象化了 其"赛道选准新范式，决策锚定创始人"的硬科技早期投资方法论，彰显了其作为企业CVC深耕硬科技赛 道的战略定力与专业功力。 赛道选择：锚定国家战略规划方向，卡位"新范式"爆发拐点 硬科技投资的底层逻辑，在于穿透技术迭代的不确定性，精准捕捉产业爆发的关键拐点。而国家战略规 划，正是穿透这种不确定性的核心锚点。自2023年开始，三七互娱便紧扣国家战略部署，聚焦政策支持 力度大、潜在增速高、增长空间广的前沿领域，布局量子计算、脑机接口、生物制造等赛道，以资本赋 能新质生产 ...

公告显示，证监会查明，三七互娱存在以下违法事实： （一）2014 年至 2020 年年报披露的股东持股情 况存在虚假记载。（二）2018 年年度报告未披露收购江苏极光股权事项为关联交易，存在重大遗漏。 （三）三七互娱 2020 年间接收购广州三七股权事项为关联交易，2020 年 12 月 7 日披 露的临时公告虚 假记载、2020 年年度报告存在重大遗漏。（四）2018 年至 2021 年年报未披露与海南力源等公司发生的 关联交易，存在重大遗漏。证监会决定： 对三七互娱责令改正，给予警告，并处以 900 万元罚款；对 相关责任人员给予警告，并各处以罚款。 根据《证券法》、虚假陈述司法解释，上市公司等因信息披露违法导致投资者权益受损，受损投资者可 以依法起诉索赔，索赔范围包括：投资差额、佣金、印花税损失等。 "我们正在分批代理投资者起诉。"厉健律师表示，根据司法解释，暂定：在2015年3月31日至2023年6月 27日期间买入三七互娱股票，并在2023年6月27日收盘时还持有该股票的受损投资者，可索赔。索赔条 件以法院认定为准。（三七互娱维权入口） 投资者索赔需提供证券开户信息查询单原件、股票对账单原件（201 ...

Core Insights - The A-share gaming index has surged over 60% this year, indicating that the value of gaming companies is supported by solid growth fundamentals rather than just a temporary boost from the "stay-at-home economy" [1] - The domestic gaming market achieved actual sales revenue of 168 billion yuan in the first half of the year, a year-on-year increase of 14.08%, with user numbers reaching nearly 679 million, marking historical highs for both market size and user base [1] - The third quarter has been a landmark period for the gaming industry, with leading companies experiencing explosive growth in profits, driving the entire sector to a strong performance [1] Group 1: Industry Performance - The top three gaming companies, 37 Interactive Entertainment, Century Huatong, and Perfect World, continue to dominate the market [2] - 37 Interactive Entertainment reported a revenue of 12.461 billion yuan and a net profit of 2.345 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 23.57% [2] - Century Huatong's revenue reached 27.223 billion yuan, a 75.31% increase year-on-year, with a net profit of 4.357 billion yuan, up 141.65% [2] - Perfect World achieved a revenue of 5.417 billion yuan, a 33% increase, and a net profit of 666 million yuan, growing by 271.17% [2] Group 2: Driving Forces Behind Growth - The industry's growth is attributed to a combination of favorable policy environments, technological advancements, and global market expansion [3][4] - Stable policy expectations have provided a solid foundation, with consistent issuance of game licenses and supportive measures from various cities [3] - AI technology is becoming a core driver of industry evolution, significantly enhancing efficiency and reducing costs in game development [4][6] - The deepening of overseas expansion is crucial for unlocking growth potential, moving beyond simple product transfers to localized and innovative offerings [4][11] Group 3: AI Integration - AI is recognized as a key variable in the gaming industry, with applications in game design, development, and player experience [6][10] - 37 Interactive Entertainment has developed a vertical AI model, "Xiao Qi," which encompasses over 40 AI capabilities, enhancing the entire game development process [7] - By the third quarter of 2025, AI-assisted generation accounted for over 80% of 2D art assets and over 30% of 3D art resources in 37 Interactive Entertainment [9] Group 4: International Expansion - The "going global" trend in the gaming industry has shifted from a spontaneous choice to a determined direction, significantly altering the competitive landscape [11] - The Chinese government's support for game exports has provided a boost to the industry's global ambitions [11] - Century Huatong's game "Endless Winter" has surpassed 200 million global downloads, contributing significantly to the company's revenue [11] - 37 Interactive Entertainment has adopted a strategy of maintaining domestic stability while achieving breakthroughs in overseas markets [11] Group 5: Industry Reassessment - The gaming industry is characterized as a "non-typical" cyclical industry, influenced by product life cycles, technological revolutions, and global market opportunities [17] - The current performance surge is likely indicative of a clear upward cycle, with companies focusing on high-quality content and efficiency improvements [17][18] - Successful companies are expected to emerge as winners in this new normal, driven by their ability to produce quality products and optimize operations [18]

Core Viewpoint - Shenwan Hongyuan's research report indicates that Sanqi Interactive Entertainment is undervalued with high dividends and significant growth potential, especially following the recent fine resolution [1] Company Performance - The company's long-standing product has maintained stability, while the new self-developed MMO "Douluo Dalu: Hunting Soul World," launched in July, has met expectations but has not contributed significantly in the short term [1] - The new RPG mini-game "Survival for 33 Days" has quickly entered the top 25-30 of WeChat mini-game sales charts [1] - Continuous improvement in profitability is primarily attributed to the profit release from mini-games, including new products launched in the first half of the year [1] Product Pipeline and Strategy - The product pipeline is rich but expectations are low, with 2026 being a year for new product validation [1] - The company is enhancing its capabilities through investments and team acquisitions, such as investing in former Funplus producer Cui Bing's Happy Ark [1] - Direct or indirect investments have been made in companies like Zhipu Huazhang, Moon's Dark Side, and Starry Sky Technology, establishing a comprehensive industrial chain layout from "computing power infrastructure to large model algorithms to AI applications" [1] Dividend and Investment Outlook - The company continues to show impressive dividends, and considering the positive trend in marginal profit release, the dividend yield is notable, maintaining a "buy" rating [1]

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed administrative penalties on Sanqi Interactive Entertainment (stock code: 002555) for violations related to false disclosures and significant omissions in financial reports from 2014 to 2021 [1][5]. Summary by Relevant Sections Administrative Penalties - Sanqi Interactive Entertainment has been found to have false records regarding shareholder holdings in annual reports from 2014 to 2020 [5]. - The 2018 annual report failed to disclose the acquisition of Jiangsu Aurora's equity as a related party transaction, constituting a significant omission [5]. - The indirect acquisition of Guangzhou Sanqi's equity in 2020 was also not properly disclosed as a related party transaction, leading to false records in a temporary announcement and the 2020 annual report [5]. - Related party transactions with Hainan Liyuan and others were not disclosed in annual reports from 2018 to 2021, resulting in significant omissions [5]. - The CSRC has ordered Sanqi Interactive and its actual controller, Li Weiwei, to correct these issues, issue warnings, and impose fines [1][5]. Legal Implications for Investors - Investors who suffered losses due to the company's false disclosures can seek civil compensation under the Civil Code and Securities Law, which includes recovery of investment differences, commissions, stamp duties, and interest losses [2][5]. - A lawyer from Shanghai Hanlian Law Firm is collecting claims from affected investors who purchased Sanqi Interactive's securities between March 31, 2015, and June 27, 2023, and sold or held them after June 28, 2023 [6][2]. - The conditions for claims may be adjusted based on the final conclusions of the CSRC's administrative penalties and court rulings [6][2]. Litigation Considerations - While investors can file lawsuits without the prerequisite of an administrative penalty decision, relying solely on investigation notices or administrative measures may carry risks of losing the case [7]. - The status of the company, such as delisting or entering bankruptcy, may affect the progress of civil claims but not the right to file [7]. - Investors must provide specific documentation for claims registration, including identification, securities account confirmation, and transaction records [7].

登录新浪财经APP 搜索【信披】查看更多考评等级 受损股民可至新浪股民维权平台登记该公司维权：http://wq.finance.sina.com.cn/ 关注@新浪证券、微信关注新浪券商基金、百度搜索新浪股民维权、访问新浪财经客户端、 新浪财经首页都能找到我们！ 中国证监会对游戏巨头三七互娱（维权）开出三千多万元的罚单，这份行政处罚决定书揭露了长达七年 的虚假记载和关联交易隐瞒。 一、监管下发正式处罚 2025年12月5日，三七互娱披露公告称收到监管的行政处罚决定。 调查发现，从2014年到2021年间，三七互娱在信息披露方面存在多项违规行为。 除了这张来自证监会的罚单，同一天，安徽证监局也对13名时任公司董监高人员出具了警示函，深交所 则对公司和多名责任人员给予了公开谴责或通报批评的纪律处分。 三七互娱接受监管部门调查的时间线跨度两年。2023年6月27日，因涉嫌信息披露违法违规，证监会对 公司、实际控制人兼董事长李卫伟和副董事长曾开天立案。 2020年12月7日，公司公告间接收购广州三七20%股权，交易金额28.8亿元，占公司2019年经审计净资 产的39.48%。相关临时公告存在虚假记载，2020年年 ...

近日，MSCI发表最新研究显示，中国正在持续推进脱碳进程，企业的气候信息披露水平日益上升，气 候目标设定更为广泛，清洁技术创新进一步增长。然而，基于MSCI能源转型框架（ETF）的分析凸显 了中国企业在转型准备度方面与全球同行之间的差距，尤其是在目标全面性和转型技术部署方面。 12月5日，三七互娱公告称，公司及相关责任人李卫伟、曾开天、胡宇航、杨军、叶威、吴卫红收到中 国证监会下发的《行政处罚决定书》。从上市公司，到董事长、副董事长、副总经理、董秘、财务总 监，一张处罚单，公司核心高管全部被罚，合计被罚超3255万。 经查明，三七互娱存在以下违法事实：2014年至2020年年报披露的股东持股情况存在虚假记载；2018年 年度报告未披露收购江苏极光股权事项为关联交易，存在重大遗漏；2020年间接收购广州三七股权事项 为关联交易，2020年12月7日披露的临时公告虚假记载、2020年年度报告存在重大遗漏；2018年至2021 年年报未披露与海南力源等公司发生的关联交易，存在重大遗漏。对三七互娱责令改正，给予警告，并 处以900万元罚款；对李卫伟给予警告，并处以1400万元罚款；对杨军给予警告，并处以350万元罚款 ...