Investment Rating - Investment rating: Positive (maintained) [1] Core Insights - The gaming industry continues to thrive with high demand for new releases and strong performance in both domestic and international markets. Notable upcoming games include "Etheria: Restart" by Xindong Company and "Supernatural Action Group" by Giant Network, both expected to drive revenue growth [3][33]. - The AI sector is witnessing rapid advancements, with companies like Alibaba and ByteDance leading in AI application commercialization. The launch of new models and tools is expected to enhance efficiency and reduce costs significantly [3][30][32]. Industry Overview - The gaming sector shows robust performance, with "Wilderness Contract" topping the iOS free games chart and "Honor of Kings" leading the iOS revenue chart as of September 13, 2025 [10][14]. - In August 2025, Chinese mobile game publishers collectively generated $2.04 billion, accounting for 35.1% of the global top 100 mobile game publishers' revenue [34]. - The film industry also performed well, with the movie "Chasing the Wind" achieving a weekly box office of 1.13 billion yuan, contributing to a cumulative box office of 11.14 billion yuan [25]. Game Sector Highlights - Upcoming game releases include "Greedy Land" on September 16 and "Pocket: Douluo Continent" on September 17, with significant anticipation from the gaming community [24]. - The "Supernatural Action Group" game features a new asymmetric gameplay mode, which has been well-received since its launch on September 11, 2025 [33]. AI Sector Highlights - The AI application landscape is evolving rapidly, with significant growth in products like Zhizhu Z.AI and Alibaba's WanAI, which ranked first and fourth respectively in global growth rates for AI applications [29]. - Alibaba's new model, Qwen3-Next-80B-A3B, has shown a 90% reduction in training costs and a tenfold increase in inference efficiency, marking a significant advancement in AI technology [31].

Core Viewpoint - The gaming sector has become a key focus for public funds, driven by international market expansion and artificial intelligence, leading to significant performance gains for fund managers [1][6]. Group 1: Fund Investment in Gaming Stocks - Public funds have increasingly concentrated their investments in gaming stocks, with notable companies like Giant Network, G-bits, ST Huaton, and Xindong Company showing impressive performance [3][4]. - As of September 11, 2023, stocks such as Giant Network and G-bits have seen price increases of approximately 2.5 times and 1.3 times, respectively, contributing significantly to fund performance [3][4]. - The total market value of public funds' holdings in media stocks reached 36.341 billion yuan, with gaming stocks accounting for 21.503 billion yuan, representing 59.17% of the total [4]. Group 2: Industry Growth and Performance - The gaming industry's recovery is characterized by rapid earnings growth, with companies like ST Huaton and Xindong Company reporting net profit increases of 129% and 268%, respectively [4][6]. - The Chinese gaming market's actual sales revenue reached 168 billion yuan in the first half of 2025, marking a year-on-year growth of 14.08% [6]. Group 3: International Expansion and AI Integration - The ability to expand internationally is crucial for gaming companies, with significant revenue growth from overseas markets, exemplified by ST Huaton's overseas game revenue reaching 8.9 billion yuan [6][10]. - The integration of artificial intelligence in gaming is expected to reduce development costs and enhance gameplay, providing new growth opportunities for companies in the sector [9][10]. Group 4: Regulatory Support - The rapid issuance of gaming licenses by the National Press and Publication Administration, with 946 licenses granted from January to July 2023, has bolstered confidence among fund managers in the gaming sector [7].

Group 1 - The recent financing round for Aishi Technology exceeded $60 million, setting a record for the highest single financing amount in the domestic video generation sector, which will support the company's future technology development and market expansion [2] - Aishi Technology was established in April 2023 and aims to create a leading global AI video generation model and applications, with a user base exceeding 100 million globally and the launch of its self-developed video generation model PixVerse V5 [2] - On September 10, Giant Network's stock price reached a peak of 42.88 yuan per share, with a market capitalization exceeding 80 billion yuan, marking a new high in several years, bolstered by the success of its new game "Supernatural Action Group" [2] Group 2 - For the first half of 2025, Giant Network reported revenue of 1.662 billion yuan, a year-on-year increase of 16.47%, and a net profit attributable to shareholders of 777 million yuan, up 8.27% year-on-year [2] - The net cash flow from operating activities decreased by 8.08% compared to the same period last year, primarily due to rising labor costs [2] - On September 10, Giant Network confirmed its participation in the B round financing of Aishi Technology, further expanding its presence in the AI sector [3]

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 2025 年第一次临时股东大会（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。 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 2025 年第一次临时股东大会的法律意见书 致：巨人网络集团股份有限公司 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。 本所律师根据对事实的了解和对法律的 ...

证券代码：002558 证券简称：巨人网络 公告编号：2025-临024 巨人网络集团股份有限公司 2025 年第一次临时股东大会决议公告 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： 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9月12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、召开程序符合《中华人民共和国公司法》《深圳证 券交易所股票上市规则》等法律法规、规范性文件及《巨人网络集团股份有限公 司章程》（以下简称"《公司章程》"）、《股东大会议事规则》的规定。 （1）现场会议召开时间：2025年9月12日（星期五）下午 ...

证券之星消息，9月12日游戏板块较上一交易日下跌0.85%，游族网络领跌。当日上证指数报收于 3883.69，上涨0.22%。深证成指报收于12996.38，上涨0.13%。游戏板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603444 | 吉比特 | - 4645.73万 | 3.87% | -4634.56万 | -3.86% | -11.17万 | -0.01% | | 600715 | 文投控股 | 3912.87万 | 5.95% | -3866.82万 | -5.88% | -46.05万 | -0.07% | | 300052 ST中青宝 | | 2311.75万 | 10.21% | -1431.47万 | -6.32% | -880.28万 | -3.89% | | 600633 | 浙数文化 | 630.50万 | 0.99% | 746.13万 | 1.17% | -13 ...

Group 1 - Giant Network confirmed participation in a $60 million B-round financing for AI video generation company Aishi Technology, marking the highest single financing amount in China's video generation sector [1] - This investment will enhance Aishi Technology's capabilities in technology research and market expansion, promoting the widespread adoption of AI video generation technology [1] - The large financing round highlights the potential of the AI video sector, attracting more capital and fostering technological innovation and industry competition [1] Group 2 - Bilibili's game publishing platform revealed a new competitive card game titled "Three Kingdoms: Hundred Generals Card," set to begin testing in October [2] - The game incorporates a traditional card game framework with rich skills from Three Kingdoms heroes, adding a new strategic dimension to the genre [2] - The launch of this game will diversify Bilibili's game product line and could enhance revenue and competitiveness in the game publishing sector if it receives positive feedback [2] Group 3 - Eagle Horn Network's highly anticipated real-time strategy game "Arknights: End of the World" made its debut at Apple's product launch event, confirming a global release in early 2026 across multiple platforms [3] - The game's showcase at a major event like Apple's could lead to increased business opportunities for related suppliers in game engines, art design, music production, and cloud services [3] - This exposure may prompt a reassessment of investment value in the high-quality game sector, attracting more capital towards premium game development projects [3]

本报记者 李豪悦 9月10日，AI视频生成企业北京爱诗科技有限公司（以下简称"爱诗科技"）宣布完成6000万美元B轮融 资，由阿里巴巴（中国）有限公司领投，巨人网络集团股份有限公司（以下简称"巨人网络"）、湖南电 广传媒股份有限公司（以下简称"电广传媒"）等企业跟投。据了解，本轮融资总额创下国内视频生成领 域单次最高融资额，将为爱诗科技未来的技术研发和市场拓展储备力量，持续推动AI视频生成技术的 普及。 公开信息显示，爱诗科技全球用户规模已突破1亿，其自研视频生成大模型PixVerseV5位居 ArtificialAnalysis图生视频榜首，技术实力保持在全球第一梯队。旗下产品PixVerse（国内版"拍我AI"） 入选风险投资机构a16z公布的"全球Top50生成式AI消费移动应用"榜单第25位，全球用户AI视频消费实 力强劲。 《证券日报》记者梳理发现，相比于爱诗科技往期的投资方，本次投资方加入了游戏公司巨人网络和影 视传媒企业电广传媒。 一位不愿具名的业内分析师向《证券日报》记者表示，游戏公司和影视传媒企业拥有丰富的应用场景、 海量的内容数据和对内容的理解，这些资源可以与AI公司形成协同效应。同时也是 ...

Group 1 - The stock of Giant Network reached the daily limit, with a turnover rate of 4.15% and a total transaction amount of 3.379 billion yuan, showing a fluctuation of 12.08% [2] - Institutional investors net bought 91.32 million yuan, while the Shenzhen Stock Connect saw a net sell of 24.23 million yuan, and the total net sell from brokerage seats was 203 million yuan [2] - The stock was listed on the Shenzhen Stock Exchange due to a daily price deviation of 9.71%, with institutional specialized seats contributing to the net buy of 91.32 million yuan [2] Group 2 - The latest margin trading data shows a total margin balance of 694 million yuan, with a financing balance of 662 million yuan and a securities lending balance of 32.20 million yuan [3] - Over the past five days, the financing balance increased by 124 million yuan, representing a growth of 23.09%, while the securities lending balance rose by 13.91 million yuan, marking a 76.01% increase [3] - On September 10, the top five buying and selling brokerage seats had a total transaction amount of 176.4 million yuan, with buying transactions amounting to 81.4 million yuan and selling transactions totaling 95 million yuan, resulting in a net sell of 13.6 million yuan [3][4]

Group 1 - The mobile gaming sector saw an increase of 1.76% as of the market close on September 10, ranking 9th among concept sectors, with 48 stocks rising, including Giant Network, Wolong New Energy, and ST Kevin hitting the daily limit up [1] - Notable gainers in the mobile gaming sector included Xinghui Entertainment, Mango Super Media, and Kunlun Wanwei, which rose by 9.25%, 5.52%, and 4.71% respectively [1] - The sector experienced a net inflow of 785 million yuan from major funds, with 34 stocks receiving net inflows, and 6 stocks exceeding 100 million yuan in net inflow, led by Mango Super Media with 188 million yuan [2][3] Group 2 - The top stocks by net inflow ratio included Mango Super Media, Perfect World, and Shengtian Network, with net inflow ratios of 14.34%, 11.84%, and 11.12% respectively [3] - The mobile gaming concept's net inflow rankings showed Mango Super Media leading with a net inflow of 188 million yuan, followed by Perfect World and Tianyu Digital Science with 165 million yuan and 153 million yuan respectively [2][3] - Stocks such as Giant Network and ST Kevin also showed significant performance, with Giant Network increasing by 10.01% and ST Kevin by 4.91% [1][6]