Core Viewpoint - The recent execution case involving 4.91 billion yuan against Giant Investment, a company owned by Shi Yuzhu, has drawn significant market attention regarding the current status and future direction of Shi's enterprises, collectively known as the "Giant System" [2][7]. Group 1: Legal and Financial Issues - Giant Investment and Zijing Real Estate have been listed as defendants in a civil case with an execution amount of 4.91 billion yuan, as disclosed by the Beijing Financial Court [2]. - Shi Yuzhu holds approximately 97.86% of Giant Investment, which is the largest shareholder of Giant Network Group Co., Ltd. (002558 SZ), making the execution case particularly impactful on market sentiment [7]. - Shi Yuzhu has previously faced similar legal challenges, including a 1.14 billion yuan equity freeze in 2023 due to personal guarantees for friends, which has led to significant financial strain [8][9]. Group 2: Company Performance and Strategy - Giant Network reported a revenue of 2.92 billion yuan for 2024, nearly unchanged from the previous year, while net profit increased by 31.15% to 1.42 billion yuan, largely driven by investment income [13][14]. - The company’s investment income for 2024 reached 661 million yuan, accounting for 45.69% of total profit, reflecting a 38.60% increase from the previous year [13]. - In the first quarter of 2025, Giant Network achieved a revenue of 724 million yuan, a year-on-year growth of 3.94%, while net profit remained stable at 348 million yuan [15]. Group 3: Product Development and Market Position - Giant Network has been focusing on its core products, primarily the "Zhengtu" series and "Qiuqiu Battle," but lacks new flagship products to drive future growth [13]. - The game "Original Journey," which Shi Yuzhu has been involved in revamping, has shown strong performance and contributed to user growth through innovative marketing strategies [15].

许久未露面的史玉柱，因为股权被冻结，又被送上了风口浪尖。 近日，据 中国执行信息公开网信息显示， 巨人投资有限公司 （以下简称"巨人投资"）、紫晶置业投资管理有限公司 （ 下称"紫晶置业" ） 新增 一则被执行人信息， 执行标的金额达 4.9亿余元，执行法院为北京金融法院，立案日期为2025年5月6日 。 以下文章来源于野马财经 ，作者野马财经 野马财经 . 关注资本市场、金融市场、新经济发展和商业创新 兄弟多了伤钱、伤感情。 来源：野马财经 作者：高远山 缪凌云 其中， 巨人投资 为 知名企业家史玉柱 麾下 的核心投资平台 ； 而 紫晶置业 股权穿透之后为自然人刘世昆和刘鉴庸各持股 50% 的公司，而 这是一家和泰山会牵扯极深的公司， "泛海系"的掌舵人卢志强曾是该公司的实际控制人。 而史玉柱也不是第一次被卢志强拉下水，据裁判文书网上 一份《 2021京74民初489号 》 判决书就显示， 北海宏泰向民生信托偿还本金 12 亿余元、利息1.3亿余元及相应违约金，史玉柱对其中本金9.9亿余元、利息1亿余元及相应违约金承担连带保证责任。 消息一经曝光就引发外界对史玉柱及其麾下 "巨人系"是否安好的关注。 巨人网 ...

Core Viewpoint - The article discusses the recent financial troubles of Shi Yuzhu, a prominent entrepreneur, due to frozen shares amounting to over 490 million yuan, raising concerns about the stability of his investment platform and associated companies [1][2][9]. Group 1: Financial Issues and Legal Troubles - Shi Yuzhu's company, Giant Investment, has been listed as a defendant in a court case with an execution amount exceeding 490 million yuan, indicating significant financial distress [1]. - Previous instances of share freezes have occurred, with a notable freeze of 114 million yuan due to similar issues related to personal guarantees [2][4]. - The total amount of frozen shares related to Shi Yuzhu has surpassed 3.9 billion yuan, highlighting ongoing financial challenges [9]. Group 2: Business Operations and Strategic Moves - Despite stepping back from frontline operations, Shi Yuzhu has been involved in significant capital operations, including a failed attempt to list Playtika, which he acquired for approximately 44 billion yuan [11]. - Giant Network has attempted to diversify its revenue streams by venturing into internet finance, achieving revenues of 3.13 billion yuan in 2017, but later exited the sector due to regulatory pressures [17][18]. - The company has focused on its flagship game "Zhengtu," which continues to be a major revenue source, generating 29.23 billion yuan in revenue, albeit with a slight decline [21]. Group 3: Market Position and Future Outlook - The "Zhengtu" series remains a cornerstone of Giant Network's business, with new user acquisition strategies contributing to its sustained popularity [23]. - The company has shifted its focus from the metaverse to AI technologies, enhancing game development efficiency and player experience through AI-driven features [30]. - The ongoing challenges in maintaining player engagement and addressing the concerns of non-paying players could impact future growth prospects for the "Zhengtu" franchise [24][25].

本周观点 关注海外资产的季报变化： 投资逻辑 持续关注中美关税谈判，关注海外资产一季报的变化。因关税贸易战引发（包括担心中概退市）的海外中国资产 跌幅陆续得到填补，挖掘超跌板块或个股的难度增加。建议关注：1）美股中概资产：对交易平台资产的推荐不 变，但短期暂无新增催化或者增量逻辑；保持对咖啡龙头的长期看好；保持关注跌出深度价值的个股；2）港股 互联网资产：关注追求确定性的优质互联网平台、外卖平台竞争情况。3）港股消费类资产：咖啡茶饮板块关注 咖啡龙头，同时关注将 IPO 的消费类公司。4）其他：建议关注困境反转标的，及互金助贷板块。5）传媒：建议 关注重组逻辑的个股机会。个股：拼多多、贝壳、分众传媒、芒果超媒。 风险提示 后续政策不及预期风险；中美关系变化风险；内容上线及表现不及预期风险；宏观经济运行不及预期风险；AI 技 术迭代和应用不及预期风险；政策监管风险 敬请参阅最后一页特别声明 教育：上周在线教育公司高途/有道发布财报，收入收款保持较好增长的同时，盈利能力有所提升。结合近期财 报看，K12 教培行业景气良好，非学科课程续班率提升，继续看好龙头公司转型后持续扩大市场份额。 奢侈品：上周历峰集团发布财报 ...

Core Viewpoint - The article discusses the recent financial troubles faced by Shi Yuzhu, a prominent figure in the Chinese business landscape, particularly due to his involvement in guaranteeing loans for friends, leading to a significant execution amount of over 490 million yuan for his investment company, Giant Investment [1][4]. Company Overview - Giant Investment, led by Shi Yuzhu, has been identified as a core investment platform, with Shi holding approximately 97.9% of the shares [1]. - Despite Shi's personal financial issues, Giant Network (002558.SZ) has shown stable performance, reporting a profit of 1.425 billion yuan in 2024, although it has not launched any major new products recently and continues to rely on the "Journey" IP [1][7]. Historical Context - Shi Yuzhu's entrepreneurial journey began with the establishment of Zhuhai Giant High-Tech Group in 1991, where he made his first fortune through software development [2]. - The construction of the Giant Building, intended to be the tallest in China, led to financial difficulties and the eventual bankruptcy of Giant Group, resulting in a debt of 250 million yuan [2]. - Shi later found success in the health supplement market with the launch of "Brain Platinum" in 1997, which became a household name through extensive advertising [3]. Business Strategy - Shi transitioned from health supplements to the online gaming industry, launching the game "Journey" and employing aggressive marketing strategies that led to significant revenue [3]. - Giant Network went public in the U.S. in 2007 and later entered the A-share market in 2016, marking significant milestones in its growth [3]. Recent Developments - The recent execution order against Giant Investment highlights ongoing financial challenges linked to Shi's personal guarantees for friends, with the amount reaching over 490 million yuan [1][4]. - Despite these challenges, Giant Network's financial performance remains stable, with a reported revenue of 2.923 billion yuan in 2024, maintaining a net profit growth of 31.15% year-on-year [7]. - Shi has returned to the gaming sector, focusing on diversifying beyond the "Journey" IP and has initiated AI projects within the company [7].

Core Viewpoint - The company has announced a cash dividend distribution plan for its shareholders, with a payout of RMB 1.40 per 10 shares, and will not use capital reserves for stock increases or issue bonus shares [1][2]. Group 1: Dividend Distribution Plan - The profit distribution plan was approved, with a cash dividend of RMB 1.40 per 10 shares based on a total share capital of 1,890,391,971 shares after excluding repurchased shares [1]. - The total cash dividend amount to be distributed is RMB 264,654,875.94, calculated based on the adjusted share capital [2]. - The dividend will be distributed to all shareholders registered by the cut-off date of May 23, 2025, with the payment made on May 26, 2025 [2][3]. Group 2: Taxation and Shareholder Eligibility - Different tax rates will apply for individual shareholders based on their holding period, with a tax of RMB 0.14 per 10 shares for those holding for one year or less [2]. - The distribution will not involve withholding personal income tax by the company, which will be calculated based on the holding period upon the transfer of shares [1][2]. Group 3: Ex-Dividend Date and Calculation Principles - The ex-dividend date is set for May 26, 2025, following the registration date [2]. - The calculation of the ex-dividend price will be based on the total cash dividend amount divided by the total share capital on the registration date, resulting in a reduction of RMB 0.1367901 per share from the closing price [2].

1、巨人网络集团股份有限公司（以下简称"公司"）以公司现有总股本 1,934,750,611 股剔除已回购股份 44,358,640 股后的 1,890,391,971 股为基数，向 全体股东每 10 股派 1.40 元（含税），不使用资本公积转增股本，不送红股。 2、本次权益分派实施后的除权除息价格=股权登记日收盘价格-0.1367901 元 /股。 一、股东大会审议通过利润分配方案情况 1、公司于 2025 年 5 月 15 日召开的 2024 年年度股东大会审议通过了《关于 2024 年度利润分配预案的议案》，本次实施的利润分配方案为：以未来实施分配 方案时股权登记日的总股本扣减公司回购专用证券账户中股份总数为基数，向全 体股东每 10 股派发现金红利人民币 1.40 元(含税)，不使用资本公积转增股本， 不送红股。若公司董事会及股东大会审议通过利润分配预案后至本次利润分配方 案实施前，公司股本发生变动的，则以实施利润分配方案股权登记日可参与利润 分配的总股本为基数，按照每股分配金额不变的原则对分配总额进行调整。 2、自分配预案披露至实施期间公司股本总额未发生变化。 证券代码：002558 证券简称：巨 ...

证券代码：002558 证券简称：巨人网络 2024 年年度业绩说明会投资者关系活动记录表 答：您好，经过两年的积累，公司已构建起围绕自研大模型为核 心的全方位 AI 基础能力，在技术、场景、生态方面均已展现出领先 的技术穿透力。公司在图像、视频、语音、代码、文本、策略等方面 构建了高效的 AI 生产链路，实现 AI 工业化管线与多模态全矩阵布 局，在 AI 技术的游戏场景落地上呈现出清晰的演进逻辑——前期聚 焦研发提效，中期突破体验优化，终局指向玩法创新。 4、请问超自然行动组什么时候上线？ 答：您好，公司自研多人组队手游《超自然行动组》已于 2025 年 初开启不删档付费测试，近期用户数据增长表现优异，公司计划于 2025 年内正式上线推广。 编号：2025-002 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 √业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称及 | 巨人网络 2024 年度业绩说明会采用网络远程方式进行，面向全体投 | | 人员姓名 | 资者 | | 时间 ...

国浩律师（上海）事务所 股东大会法律意见书 国浩律师（上海）事务所 关于巨人网络集团股份有限公司 2024 年年度股东大会的法律意见书 致：巨人网络集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受巨人网络集 团股份有限公司（以下简称"公司"）的委托，指派本所律师出席了 公司 2024 年年度股东大会（以下简称"本次股东大会"）。现依据 《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人 民共和国公司法》（以下简称"《公司法》"）、中国证券监督管理 委员会《上市公司股东会规则》等法律、法规和规范性文件以及《巨 人网络集团股份有限公司章程》（以下简称"《公司章程》"）的规 定，就公司本次股东大会的召集与召开程序、出席会议人员的资格、 表决程序等有关事项的合法有效性出具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的事项进 行了审查，查阅了本所律师认为出具本法律意见书所必需查阅的文件， 并对有关文件进行了必要的核查和验证。 本所律师同意将本法律意见书随公司其他公告文件一并予以公告， 并依法对本所出具的法律意见承担相应的责任。 本所律师认为，本次股东大会的召集、召开程序符合 ...

证券代码：002558 证券简称：巨人网络 公告编号：2025-临016 巨人网络集团股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会无增加、否决或变更提案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开时间： （1）现场会议召开时间：2025年5月15日（星期四）下午14:00。 （2）网络投票时间： ①通过深圳证券交易所交易系统进行网络投票的具体时间为：2025年5月15 日上午9:15—9:25，9:30—11:30，下午13:00—15:00； ②通过深圳证券交易所互联网投票系统投票的具体时间为：2025年5月15日 上午9:15至下午15:00的任意时间。 2、现场会议召开地点：上海市松江区中辰路655号。 3、会议召开方式：以现场表决与网络投票相结合的方式召开。 4、会议召集人：巨人网络集团股份有限公司（以下简称"公司"）董事会。 5、会议主持人：经过半数董事共同推举，会议由董事孟玮先生主持。 6、本次股东大会的召集、召开 ...