Core Viewpoint - Giant Network is implementing a rotation mechanism for game business leaders to provide greater growth opportunities for young talent and align with future strategic adjustments [1][2] Group 1: Leadership Changes - CEO and General Manager Zhang Dong has resigned for personal reasons, with Director Liu Wei returning to take over these roles [1] - Liu Wei's focus will be on nurturing core talent within the company [1] Group 2: Talent Strategy - The rotation of game business leaders will be selected from young frontline staff, aiming to enhance decision-making efficiency and broaden growth opportunities [2] - This initiative is part of a broader strategy to cultivate young talent, as emphasized by Chairman Shi Yuzhu, who believes that gaming is a young person's industry [1][2] Group 3: Industry Context - The rotation mechanism for business leaders is not unique to Giant Network, as similar practices have been adopted by major companies like Huawei and Alibaba [2] - The emphasis on a young talent strategy is expected to strengthen the company's competitive edge and support the development of blockbuster games [2]

Core Points - Zhang Dong, the general manager of Giant Network, has resigned for personal reasons, effective immediately upon submission of his resignation to the board [1][3] - Liu Wei has been appointed as the new general manager, with his term starting from the board's approval until the end of the sixth board's term [3][6] Summary by Sections Management Changes - Zhang Dong's resignation will not affect the company's normal operations, as his responsibilities have been handed over [3] - Liu Wei, who has a long history with Giant Network, returns to the role of general manager after previously serving in various capacities, including CEO [6] Compensation - In 2024, Zhang Dong's pre-tax compensation was reported at 3.37 million yuan, which is significantly higher than the 1.19 million yuan received by the chairman, Shi Yuzhu [4][5]

证券日报网讯10月28日晚间，巨人网络（002558）发布公告称，公司聘任刘伟女士为公司总经理。 ...

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Core Viewpoint - Giant Network is implementing a rotation mechanism for game business leaders to provide greater growth opportunities for young talent and align with future strategic adjustments [1][2] Group 1: Leadership Changes - CEO and General Manager Zhang Dong has resigned for personal reasons, with Director Liu Wei returning to take over these roles [1] - Liu Wei's focus will be on nurturing core talent within the company [1] Group 2: Talent Strategy - The rotation system for game business leaders will select candidates from young frontline staff, aiming to enhance decision-making efficiency and broaden growth opportunities [2] - This initiative is part of a broader strategy to cultivate young talent, as emphasized by Chairman Shi Yuzhu, who believes that gaming is a young person's industry [1][2] Group 3: Industry Context - The rotation mechanism is not unique to Giant Network, as similar practices have been adopted by major companies like Huawei and Alibaba to build a talent pipeline for senior management [2] - The deepening of the youth-oriented talent strategy is expected to help Giant Network continue producing hit games and strengthen its competitive edge [2]

Core Insights - Giant Network reported Q3 2025 revenue of 1.706 billion yuan, a year-on-year increase of 115.63% [1] - Net profit for Q3 2025 was 640 million yuan, up 81.19% year-on-year [1] - For the first three quarters of 2025, revenue reached 3.368 billion yuan, reflecting a 51.84% year-on-year growth [1] - Net profit for the first three quarters was 1.417 billion yuan, an increase of 32.31% year-on-year [1] - The growth in performance is attributed to the rise in game revenue during the reporting period [1] Management Changes - CEO and General Manager Zhang Dong resigned for personal reasons, with responsibilities already handed over [1] - The resignation will not affect the company's normal operations [1] - Liu Wei, a board member, has returned to the role of CEO and General Manager, focusing on nurturing young core talent [1]

Core Insights - Giant Network reported a revenue of 1.706 billion yuan for Q3 2025, representing a year-on-year growth of 115.63% [1] - The net profit attributable to shareholders of the listed company reached 640 million yuan, with a year-on-year increase of 81.19% [1] Financial Performance - Revenue for Q3 2025: 1.706 billion yuan, up 115.63% year-on-year [1] - Net profit for Q3 2025: 640 million yuan, up 81.19% year-on-year [1]

Core Viewpoint - Giant Network announced the resignation of General Manager Zhang Dong due to personal reasons, effective immediately upon delivery to the board, with no impact on the company's operations [2][4]. Group 1: Leadership Changes - Zhang Dong's resignation comes less than two years after he assumed the CEO position, which he took over in 2024 [4]. - Liu Wei, a long-time associate of the company's founder Shi Yuzhu, has been appointed as the new CEO, with her term lasting until the end of the current board's tenure [2][5]. - Liu Wei has a strong background in the company, having worked closely with Shi Yuzhu for over 20 years and previously serving as CEO of Giant Network [5]. Group 2: Background of Zhang Dong - Zhang Dong, 44 years old, graduated from Peking University in 2002 and has extensive experience in the gaming industry, including roles at Tencent and NetEase [2]. - He was responsible for significant projects at NetEase, including the Chinese versions of popular games like "Hearthstone" and "World of Warcraft" [2][3]. Group 3: Background of Liu Wei - Liu Wei, born in 1968, holds dual degrees in Chinese Language and Literature and Sociology, along with an MBA from CEIBS [5]. - She has held various leadership roles in the biotechnology sector before transitioning to the gaming industry, where she became a key figure at Giant Network [5].

Core Viewpoint - The media sector has shown a notable performance this week, ranking 7th among all sectors in terms of price changes, with a 4.20% increase, outperforming the CSI 300 but underperforming the ChiNext Index [3]. Group 1: Industry Performance - The media industry increased by 4.20% during the week of October 20-24, 2023, outperforming the CSI 300's 3.24% but underperforming the ChiNext Index's 8.05% [3]. - The top gainers in the media sector included Rongxin Culture, Youzu Interactive, Haikan Co., and Jiayun Technology, while the biggest losers were Vision China, Tianxiaxiu, Xinghui Entertainment, and Gehua Cable [3]. Group 2: Key Events and Innovations - Significant events include the launch of OpenAI and Oracle's $15 billion Lighthouse Park, expected to be completed by 2028 [3]. - The introduction of the MoGA long video generation model by the University of Science and Technology of China and ByteDance, capable of producing high-quality videos with a resolution of 480p at 24 frames per second [3]. - ByteDance's Seed team has launched the 3D generation model Seed3D1.0, which can create high-quality simulation-level 3D models from a single image [3]. - Bilibili's "Escape from Duckkov" achieved over one million sales in its first week [3]. Group 3: Investment Recommendations - The company maintains a positive outlook on the gaming sector, IP toys, and the potential for policy shifts in the film industry, recommending stocks such as Giant Network, Kaiying Network, and Gigabit [5]. - For IP toys, Pop Mart is highlighted as a key recommendation [5]. - The media sector is advised to monitor potential economic recovery, with a focus on companies like Focus Media [5]. - The shift in content policies and AI application opportunities are emphasized, recommending platforms like Mango TV and Bilibili, as well as content providers such as Light Media and Huace Film [5].

Group 1 - The CEO and General Manager of the company, Zhang Dong, has resigned for personal reasons, and Liu Wei will take over the roles [1] - Liu Wei previously served as CEO from April 2016 to December 2023 and will focus on nurturing core talent in her new role [1][2] - Zhang Dong's resignation is effective immediately upon delivery to the board, and he will no longer hold any positions within the company or its subsidiaries [1] Group 2 - Liu Wei was born in 1968 and holds dual degrees in Chinese Language and Literature, and Sociology from Nankai University, as well as an EMBA from CEIBS [4] - As of the announcement date, Liu Wei does not hold any shares in the company and has no relationships with major shareholders or other executives [4]