一、审议通过《关于豁免第七届董事会第一次会议通知期限的议案》 董事会同意豁免公司第七届董事会第一次会议的通知期限，并于 2025 年 7 月 17 日召开 第七届董事会第一次会议。 表决结果：同意 9 票、弃权 0 票、反对 0 票。 证券代码：002555 证券简称：三七互娱 公告编号：2025-039 三七互娱网络科技集团股份有限公司 第七届董事会第一次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 三七互娱网络科技集团股份有限公司（下称"公司"或"本公司"）第七届董事会第一 次会议通知于 2025 年 7 月 17 日以专人送达、电子邮件、电话方式发出，会议于 2025 年 7 月 17 日在公司会议室以现场与通讯结合的方式召开。本次会议应到董事 9 位，实到董事 9 位。会议由全体董事共同推举董事李卫伟先生主持。会议的召集和召开符合法律、法规及《三 七互娱网络科技集团股份有限公司章程》（下称"《公司章程》"）的有关规定。本次会议 作出了如下决议： 二、审议通过《关于选举公司董事长的议案》 董事会同意选举李卫伟先生为公司第七届董事会董事长， ...

据了解，中证传媒指数从营销与广告、文化娱乐、数字媒体等行业中，选取总市值较大的50只上市公司 证券作为指数样本，以反映传媒领域代表性上市公司证券的整体表现。该指数以2010年12月31日为基 日，以1000.0点为基点。 金融界7月17日消息，上证指数低开高走，中证传媒指数 (中证传媒，399971)上涨0.43%，报1296.45 点，成交额243.27亿元。 数据统计显示，中证传媒指数近一个月上涨2.44%，近三个月上涨10.95%，年至今上涨11.59%。 从中证传媒指数持仓样本的行业来看，通信服务占比100.00%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 从指数持仓来看，中证传媒指数十大权重分别为：分众传媒（9.79%）、巨人网络（5.03%）、恺英网 络（4.84%）、岩山科技（4.77 ...

| 8 | | 东方财富 | 515.59 | | | --- | --- | --- | --- | --- | | 9 | | 中芯国际 | 466.49 | | | 10 | | 京东 | 456.09 | | | 11 | 8 | 快手-W | 376.96 | | | 12 | | 腾讯音乐 | 332.09 | | | 13 | | 理想汽车 | 314.71 | | | 14 | C | 贝壳 | 222.43 | | | 15 | 8 | 同花顺 | 205.28 | | | 16 | × | 小鹏汽车 | 170.92 | | | 17 | N | 科大讯飞 | 151.19 | | | 18 | | 中通快递 | 145.32 | | | 19 | 的LA | 時哪時嗎 | 102.09 | | | 20 | | 宝信软件 | 97.62 | 1 t | | 21 | | 劇来 | 93.08 | 1 | | 22 | | 恒生电子 | 87.2 | 1 t | | 23 | | 新东方 | 81.96 | 1 1 | | 24 | | 万国数据 | 78.67 | 1 t | 金十图示： ...

观点和浙商研究所发布的观点有分歧或不一致这也仅作为一种不同的研究视角供投资者参考3、依照监管要求和保密原则未经合法授权严禁录音、记录、转发感谢您的理解和配合若本次交流内容不慎流出或涉及 各位投资者大家早上好我是浙商传媒互联网首席分析师冯翠婷今天非常感谢大家来收听我们三期互语的深度录演这次将由我和我同事陈磊给大家分享三期互语的整体的一个表现 首先我们这个报告的主题主要是围绕着抖罗大陆猎魂世界等头部游戏的催化估值有望修复这个逻辑去展开的我们的报告和别人的报告不一样的地方是我们对抖罗大陆猎魂世界等这个公司的目前的产品的管线进行了详实的梳理以及我们对公司的过去的老产品抖罗大陆 魂4对决也就是陡罗大陆猎魂世界的前作做了上线之后的畅销榜排名的梳理也是分阶段的一个梳理由此想去给大家去推测就陡罗大陆猎魂世界未来的产品的表现我们认为近期三七互娱的股价上涨的催化因素包括有类似像 这个游戏的上线然后包括后续像除了《猎魂世界》以外像代号MLK等等的重磅产品的定档的时间除此以外也是自23年公司受处罚以来目前已经经历了超过两年的时间希望能在下半年看到公司的立案处罚的落地 本区电话 所以我们认为三金沪鱼确实是值得大家去关注去了解的一家公司 ...

走进三七互娱全球总部大厦，这里是一个创意与效率并存的数智世界。每天，海量的研发素材在这里传 输，数千台终端同时运行，频繁的产品兼容性测试对网络提出了极高的要求。三七互娱集团技术中心高 级总监叶明亮表示，一张高品质的网络不仅是新总部大楼数千名研发人员的重要支撑，更是公司数智化 转型的高速通道。为满足多元业务的低时延、高品质网络需求，三七互娱携手华为，采用星河AI高品 质总部园区解决方案，构建了高带宽、优体验、智运维的下一代园区网络。 该方案将AI技术深度融入AirEngine系列Wi-Fi 7 AP中，打造了一张无瓶颈、无死角、自动化运维的"高 品质万兆智慧园区网"，极大地提升了研发、办公及运维效率，为爆款产品的持续产出奠定了坚实基 础。工程师们现在能够以前所未有的速度调取高清素材，创意的落地进程大大加速。 在数字技术的浪潮中，文娱产业正经历前所未有的变革。人工智能、5G、云计算等前沿科技正深刻重 塑着这一领域的面貌，沉浸式体验、个性化内容推送以及全球化传播已成为新的常态。在此背景下，数 字基础设施成为了推动文娱产业升级、连接全球用户的关键力量。 三七互娱，这家总部位于广州的全球性文娱巨头，正以"文化+科技"双 ...

Investment Ratings - The report maintains an "Overweight" (OW) rating on 37IE, an "Equal Weight" (EW) rating on G-bits, and an "Equal Weight" (EW) rating on Perfect World [1][3][4]. Core Insights - China's game industry has experienced high-teens percentage revenue growth year-to-date, surpassing the previous year's growth of 8%, indicating improved demand despite macroeconomic challenges [2]. - The report highlights successful new game releases and the stabilization of evergreen games as key factors driving the rebound in performance for 37IE, G-bits, and Perfect World [2][10]. Summary by Company 37IE - The price target is set at Rmb23.00, reflecting a 15x 2026 estimated P/E ratio, with an attractive 6% dividend yield [3][17]. - Anticipated revenue growth is supported by new titles such as "Soul Land," expected to generate Rmb300-500 million in its first month and Rmb1.5-2 billion overall in 2025 [16][17]. - The company has a robust pipeline with over 40 self-developed and licensed games, indicating sustained growth momentum [16][34]. Perfect World - The price target is raised to Rmb16.30, based on an 18x 2026 estimated P/E ratio, reflecting strong growth expectations driven by the anticipated title "Neverness to Everness" [4][29]. - The company is expected to see an 18% year-over-year revenue growth in 2025, with significant contributions from new titles [28][32]. - The release of "Zhuxian 2" on August 7 is also expected to be a key growth driver [4][31]. G-bits - The price target is increased to Rmb330, derived from a 15x 2026 estimated P/E ratio, reflecting a busy 2025 but a slower 2026 due to a weaker pipeline [5][22]. - Revenue growth is projected at 22% and 29% quarter-over-quarter and year-over-year in 2Q25, driven by new titles [20][22]. - The company is expected to experience alternating busy and slow product years, with 2025 being particularly strong [18][22].

Market Overview - The A-share market showed a slight increase with the Shanghai Composite Index rising by 0.27%, while the Shenzhen Component and ChiNext Index experienced minor declines. The North Exchange 50 Index increased by 0.55%. Overall trading volume in the Shanghai and Shenzhen markets was 1.48 trillion, down by over 200 billion from the previous day, indicating a temporary market consolidation [1][3]. Sector Performance - Despite minor index fluctuations, over 3,000 stocks saw gains, suggesting a generally positive performance among individual stocks. The robot concept sector stood out, with humanoid robots and reducers experiencing significant gains, driven by market optimism regarding the integration of AI and manufacturing, supported by government policies [3]. - The precious metals sector also performed well, with Hunan Silver hitting the daily limit and Zhongjin Gold reaching near the limit during trading. This is attributed to high international gold prices and increased investor interest due to inflation expectations [3]. - The paper industry saw a sudden surge in the afternoon, with companies like Forest Packaging and Yibin Paper hitting the daily limit, likely due to anticipated price increases and low industry inventory levels [3]. - The electric power sector experienced high volatility, with companies like Jiantou Energy and Yunnan Energy hitting the daily limit, driven by rising electricity demand as temperatures increase [4]. Market Sentiment - The market reflects a dual sentiment: investors are seeking sectors with policy support and strong earnings expectations, such as robotics and electricity, while gradually withdrawing from previously high-flying sectors lacking earnings support, such as the financial sector and gaming stocks [4][5].

资金面上看，今日NFT概念板块获主力资金净流出20.15亿元，其中，50股获主力资金净流出，7股主力 资金净流出超亿元，净流出资金居首的是三七互娱，今日主力资金净流出2.63亿元，净流出资金居前的 还有华媒控股、四川长虹、中文在线等，主力资金分别净流出2.06亿元、1.35亿元、1.31亿元。今日主 力资金净流入居前的概念股有华策影视、衢州发展、安妮股份等，主力资金分别净流入3146.07万元、 3138.41万元、1992.15万元。 NFT概念资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002555 | 三七互娱 | -9.27 | 10.78 | -26268.91 | | 000607 | 华媒控股 | -10.00 | 27.69 | -20634.01 | | 600839 | 四川长虹 | -1.69 | 3.06 | -13508.08 | | 300364 | 中文在线 | -3.68 | 7.61 | -13100.52 | | 002537 | 海联金汇 | ...

Group 1 - The article presents the market capitalization rankings of the top 50 Chinese technology and internet companies as of July 14, 2025 [1] - The leading company by market capitalization is 台棋电 (Taiwan Semiconductor Manufacturing Company) with a valuation of 11,949.75 million [3] - Tencent Holdings ranks second with a market cap of 5,815.18 million, followed by Alibaba at 2,546.4 million [3][4] Group 2 - Xiaomi Group is ranked fourth with a market capitalization of 1,889.61 million, while Pinduoduo follows in fifth place with 1,489.35 million [3][4] - Meituan and NetEase are positioned sixth and seventh, with market caps of 929.41 million and 812.27 million respectively [3][4] - Other notable companies in the top 10 include 东方财富 (East Money) at 523.39 million and 中芯国际 (SMIC) at 476.15 million [4][5] Group 3 - The rankings continue with companies like 京东 (JD.com) at 448.31 million and 快手 (Kuaishou) at 356.11 million [4][5] - Baidu, 理想汽车 (Li Auto), and 贝壳 (Beike) are also included in the top 15, with market caps of 298.84 million, 296.08 million, and 221.89 million respectively [4][5] - The list concludes with 云费智联 (Yunfei Zhili) at 41.76 million, marking the 50th position [6]

Investment Rating - The industry rating is "Recommended" [3] Core Insights & Investment Recommendations - Meituan's instant retail daily order volume reached 150 million, with significant growth in rider income. On July 12, the daily order volume surpassed 150 million, with an average delivery time of 34 minutes. Rider daily income increased by 111% year-on-year, with high-frequency riders earning an average of 9,793 yuan per month [2][20]. - The "reciprocal tariff" has been postponed until August 1, with the EU potentially facing a 30% tariff. This unilateral action may increase short-term trade volatility between the US and other countries, but there remains cautious optimism regarding the substantive implementation of existing trade agreements [2][20]. - The report maintains a cautious outlook on trade negotiations, emphasizing the importance of AI and domestic consumption in the current global macroeconomic context. It suggests focusing on Chinese tech leaders and highlights potential investment opportunities in Hong Kong internet leaders, the gaming industry, and the film and cultural tourism sectors [3][21]. Sub-industry Data Film Industry - The top three films by box office this week are "Jurassic World: Rebirth" with 107.08 million yuan (26.3% market share), "Malice" with 73.49 million yuan (18.0%), and "F1: Speeding" with 68.55 million yuan (16.8%) [22][24]. Gaming Industry - The top three iOS games are "Honor of Kings," "Peacekeeper Elite," and "Delta Force." The top three Android games are "Douluo Dalu: Soul Hunting World," "Sausage Party," and "Heartbeat Town" [23][25]. TV Series Industry - The top three TV series by broadcast index are "In the Name of Law" (84.1), "Book of Dreams" (83.4), and "Splendid Blossoms" (82) [26][27]. Variety and Animation - The top variety show is "Running Man Season 9" with a broadcast index of 79.3, followed by "Singer 2025" and "New Rap 2025" [28][30]. The top animation is "Cang Yuan Tu" with a viewership index of 369.3, followed by "Happy Hammer" and "Xian Ni" [29][31].