数据统计，从2011年上市至今，三七互娱累计分红27次，累计现金分红总额超过115亿元。三七互娱12 月11日公告称，公司全资子公司安徽泰运拟向帝奥微湖杉（嘉兴）股权投资合伙企业（有限合伙）进行 投资，出资额不超过5000万元。帝奥微湖杉基金目标认缴总规模为3亿元，但不超过4亿元，最终以实际 募集情况为准。本次投资帝奥微湖杉基金后，帝奥微湖杉基金将投资于AI产业链相关企业。 数据统计，从2016年上市至今，玲珑轮胎累计分红15次，累计现金分红总额超过36.91亿元。玲珑轮胎 12月11日发布2025年第三季度权益分派实施公告，本次利润分配以方案实施前的公司总股本14.64亿股 为基数，每股派发现金红利0.065元（含税），共计派发现金红利9512.77万元。 | 证券简称 | 分红总额 | 分红次数 | Wind行业 | | --- | --- | --- | --- | | | (亿元) | | | | 三七互娱 | 13. 86 | 3 | 传媒 | | 玲珑轮胎 | 3.59 | 3 | 汽车与零配件 | | 迈瑞医疗 | 49. 35 | 3 | 医疗设备与服务 | | 御银股份 | 0. 05 | ...

Core Viewpoint - The willingness of A-share listed companies to distribute dividends has significantly increased in recent years, with a notable rise in total dividend amounts, the number of companies participating in dividends, and the frequency of multiple dividends within a year, reaching a historical high of 2.61 trillion yuan in cash dividends for 2023, surpassing the total for the entire year of 2024 [1] Group 1: Dividend Distribution Trends - As of the report date, A-share listed companies have distributed a total of 2.61 trillion yuan in cash dividends in 2023, marking a historical high [1] - The number of companies participating in dividend distributions and the frequency of multiple dividends have been increasing year by year [1] Group 2: Notable Companies and Their Dividends - Mindray Medical has distributed dividends three times this year, totaling 4.935 billion yuan, and has cumulatively distributed over 35.336 billion yuan since its listing [2][3] - 37 Interactive Entertainment has also distributed dividends three times this year, totaling 1.386 billion yuan, with cumulative dividends exceeding 11.5 billion yuan since its listing [3] - Linglong Tire has distributed dividends three times this year, totaling 359 million yuan, with cumulative dividends exceeding 3.691 billion yuan since its listing [3] Group 3: Investment Activities - 37 Interactive Entertainment announced an investment of up to 50 million yuan in the AI industry through its subsidiary, aiming to invest in related enterprises [3] - Mindray Medical is developing a new chronic disease management solution based on wearable sensors and AI algorithms to enhance patient monitoring and data integration [2][3]

Investment Rating - The industry investment rating is "Positive" and maintained [8] Core Insights - In November, the issuance of game licenses reached a new high, with 184 licenses granted, including 178 domestic and 6 imported games, surpassing the previous record since the resumption of license issuance in 2022 [10][11] - Major self-developed games from leading companies continue to perform well overseas, with Point Point Interactive's "Whiteout Survival" and "Kingshot" ranking first and second in the November overseas mobile game revenue chart [10][11] - A new product cycle is approaching as key new games from listed companies are set to launch, with significant titles scheduled for testing and release in December [6][10] Summary by Sections Game License Issuance - In November, a total of 184 game licenses were issued, setting a new monthly record for domestic licenses, with notable approvals for games from Perfect World, Kaixin, and Bilibili [10][11] - Year-to-date, 1,532 domestic game licenses have been issued, exceeding the total of 1,306 for the entire year of 2024 [10] Overseas Performance - The overseas performance of top self-developed games remains strong, with "Whiteout Survival" achieving over $3.8 billion in cumulative revenue and "Kingshot" exceeding $640 million [10][11] - The casual merge game "Tasty Travels: Merge Game" saw a 10% revenue increase in November, ranking fourth in the global merge game revenue chart [10] Upcoming Game Releases - Key new games from listed companies are set to launch, including Giant Network's "Famous General Kill" on December 19 and G-bits' "Nine Muxi" on December 18 [6][10] - Other notable upcoming titles include Tencent's "Counter-Strike: Future" scheduled for January 13, 2026, with over 25 million pre-registrations [6][10]

Core Viewpoint - The conference highlighted the theme of "New Technology, New Models, New Business Formats" in the digital entertainment industry, focusing on high-quality development through collaboration and shared platforms [2]. Group 1: AI Technology in Digital Entertainment - The company presented its AI strategy and future direction, emphasizing that creativity in the entertainment industry is shifting from experience-driven to intelligence-enhanced [2]. - The internal AI architecture, centered around the self-developed model "Xiao Qi," integrates over 40 AI capabilities across various business segments, enhancing the entire game development and operation process [2][3]. Group 2: Efficiency Gains from AI - The AI technology has significantly improved content production efficiency, with the ability to generate over 500,000 art materials in a single quarter, achieving an efficiency increase of over 80% [3]. - The AI model also produces over 10,000 audio and video pieces per quarter, and the internal AI assistant has a 100% employee coverage rate, with over 700,000 uses in a single quarter [3]. Group 3: Copyright Protection Solutions - The company has developed a comprehensive copyright protection solution called "Ling Chacha," which utilizes multi-modal recognition technology to identify various forms of copyright infringement [4]. - The system has shown a ninefold increase in detected infringement video leads within three months of use compared to the previous year [4]. Group 4: Industry Collaboration and Future Goals - The company is actively seeking partnerships within the entertainment industry to establish "Ling Chacha" as a comprehensive infrastructure for copyright verification, monitoring, and enforcement [4]. - The goal is to standardize intellectual property protection and brand content insights across the entertainment industry, enhancing content governance efficiency and reducing compliance costs [4].

Core Viewpoint - The application of AI technology in content production has significantly enhanced efficiency and quality in the gaming industry, as highlighted by the advancements presented at the China Game Industry Annual Conference [1] Group 1: AI Technology Impact - AI technology has led to a leap in efficiency and quality in core content production processes [1] - The company can produce over 500,000 2D art materials in a single quarter, achieving an efficiency improvement of over 80% [1] - The number of AI-generated audio and video content has exceeded 10,000 pieces in a single quarter, greatly reducing content production cycles [1] Group 2: AI Code Application - AI code has been applied across four major scenarios, achieving an accuracy rate of 80% [1] - The implementation of AI code has resulted in a 30% reduction in labor costs [1]

继参投Lighthouse Founders'Fund L.P.之后，三七互娱在18日发布公布称，其全资子公司安徽泰运投资管理有限公 司计划以自有资金出资不超过5000万元，参与投资帝奥微湖杉（嘉兴）股权投资合伙企业（有限合伙）（简称"帝 奥微湖杉基金"），借此深入布局人工智能产业链。 临近年底，三七互娱在资本市场动作频频。 Lighthouse Founders'Fund L.P.的实际总规模预计不超过8000万美元，公司的子公司计划以自有资金出资不超过200 万美元，若最终募集规模为8000万美元，则公司的投资金额约占基金规模的2.5%。 根据公告，Lighthouse Founders'Fund L.P.的普通合伙人Lighthouse Founders'Fund GP Ltd.专注于研究AI+产业应用、 AI+C端应用、AI+具身智能、AI+硬件、AI+未来科技及其他相关领域的投资与交易机会，拥有AI及其他相关泛科 技领域的投资经验。 公告披露，帝奥微湖杉基金由苏州湖杉投资中心（有限合伙）发起设立，上海湖杉投资管理有限公司担任基金管 理人，目标认缴总规模3亿元至4亿元，最终以实际募集情况为准。基金将聚 ...

夏拓强调，AI的核心价值并非替代人类创意，而是通过承接重复性工作，让开发者聚焦核心创意环 节。"人的角色，将从'写方案'转向做选择和判断。而随着AI工具的发展，它不止改变'可以做什么'，也 在改变'如何高效地做'。" 在谈到产业未来发展时，夏拓表示，游戏产业的新质生产力既体现在技术创新带来的效率提升，更体现 在文化产业与科技融合产生的创新价值。 夏拓披露，依托大模型的强大生成能力，三七互娱单季度可产出超50万张2D美术素材，提效幅度超过 80%；AI音视频生成条数单季度突破1万条，极大缩短了内容制作周期；AI代码已覆盖四大场景，准确 率达80%，节约人力30%。 12月18日，由中国音数协游戏工委主办的中国游戏产业年会上，三七互娱AI Lab负责人、高级算法专家 夏拓表示，AI技术对游戏产业的变革并非单点赋能，而是通过重构生产关系实现全链路效率革命。 ...

Group 1 - The core viewpoint of the article highlights a significant increase in the online gaming index, with notable gains from companies such as Giant Network and G-bits, which both rose over 4% [1] - Other companies in the sector, including New Xunda, 37 Interactive Entertainment, and Aofei Entertainment, also experienced upward movement in their stock prices [1] Group 2 - The article reports on the performance of the online gaming industry, indicating a positive trend in stock prices for key players [1] - The overall market sentiment appears to be favorable for the online gaming sector, as evidenced by the collective rise in stock values [1]

Group 1 - The gaming concept stocks have strengthened, with Giant Network rising over 3%, and both 37 Interactive Entertainment and G-bits increasing by over 2% [1] - The gaming ETF has seen an approximate increase of 2% [1] - Brokerages indicate that the global gaming market is in an upward cycle, with optimistic long-term growth expected in terms of revenue and player numbers [2] Group 2 - DeepSeek's powerful generative capabilities may significantly enhance game development efficiency, creating virtual characters, maps, and storylines that better meet user demands [2] - This innovation is expected to enrich gameplay and cultivate paid scenarios within the gaming industry [2]

12月18日，2025年中国数字文娱大会在广州市天河区羊城创意产业园拉开帷幕。本届大会由中国文化娱 乐行业协会、广州市天河区人民政府等共同主办，以"新技术新模式新业态"为主题，搭建共建共享平 台，会期共三天（12月18日-20日），创新采用"一会一展一嘉年华"模式。 "一会一展一嘉年华" 大会现场，AI影像、人形机器人、数字大屏等前沿技术化为可感、可玩的互动装置。同时，羊城晚报 报业集团主导建设的"岭南文化大模型"亮相，作为全国首个文化领域的多模态推理大模型，聚焦岭南非 遗数字化保护与传承，为文化的数字化转型提供核心引擎。 目前，天河区拥有国家音乐产业基地、国家数字服务出口基地、国家文化产业示范基地等文化领域 的"国字号"招牌，并集聚了羊城创意产业园、广州盛达电子信息创新园、万鹏高新技术企业孵化基地等 9个市级以上的文化产业示范园区，形成"国家级引领、省级示范、市级支撑"的梯度化园区体系。 这些平台共同为数字文化企业提供了超过55万平方米的优质发展空间，培育了一批领军企业和"隐形冠 军"茁壮成长。网易、酷狗、三七互娱（002555）、荔枝等国内数字文化领域的巨头在此扎根，其中， 年营收超百亿的互联网企业达到4 ...