Core Points - The company has approved a cash dividend distribution plan, where it will distribute 1.50 RMB per 10 shares to all shareholders, based on a total share capital of 1,890,391,971 shares after excluding repurchased shares [2][4][7] Group 1: Dividend Distribution Plan - The cash dividend distribution will be 1.50 RMB per 10 shares, with no stock dividends or capital reserve transfers [2][4] - The total cash dividend amount is calculated as 283,558,795.65 RMB, based on the number of shares eligible for distribution [12] - The ex-dividend date is set for September 23, 2025, with the record date being September 22, 2025 [7][8] Group 2: Taxation and Distribution Method - Different tax rates apply for various categories of shareholders, with specific provisions for Hong Kong investors and domestic investors [7] - Cash dividends will be directly credited to shareholders' accounts through their custodial securities companies on the ex-dividend date [9] - The company will bear all legal responsibilities for any discrepancies in dividend distribution due to changes in shareholders' accounts during the application period [10] Group 3: Regulatory Compliance - The company ensures that the information disclosed is accurate and complete, with no misleading statements or omissions [1] - The distribution plan aligns with the resolutions passed at the shareholders' meeting held on September 12, 2025 [4][6] - Relevant documents regarding the dividend distribution have been filed for reference [8]

Core Viewpoint - The gaming industry in A-shares is experiencing a significant rebound, with many companies seeing their stock prices and market values double this year, driven by improved fundamentals, policy support, and the deepening application of AI technology [3][4][16]. Group 1: Market Performance - Perfect World and Xinghui Entertainment saw their stocks hit the daily limit, while companies like 37 Interactive Entertainment and Giant Network experienced gains exceeding 6% [3]. - The A-share gaming index has risen over 60% this year, reaching a historical high of 1697, with a closing value of 1688.6 [9]. - Century Huatong has become the largest gaming company in A-shares by market value, with a year-to-date stock price increase of over 300%, reaching a market cap of 149.3 billion [6][8]. Group 2: Financial Performance - Century Huatong reported a revenue of 17.207 billion yuan for the first half of 2025, a year-on-year increase of 85.5%, and a net profit of 2.656 billion yuan, up 129.33% [9][14]. - Giant Network's revenue for the first half of 2025 was 1.662 billion yuan, a 16.47% increase, with a net profit of 777 million yuan, up 8.27% [14]. - The gaming sector's overall revenue increased by 22.8% year-on-year in the first half of 2025, indicating a strong recovery [14]. Group 3: Industry Trends - The gaming industry is witnessing a turnaround after a period of decline, with the actual sales revenue reaching 168 billion yuan in the first half of 2025, a growth of over 14% [16]. - The number of game licenses issued has increased by 20% year-on-year, with a total of 1,119 licenses granted from January to August 2025, promoting the development of quality new games [16]. - AI technology is being increasingly integrated into game development and operations, improving efficiency and reducing costs by 20-30% [16][17]. Group 4: Investment Sentiment - Public funds have significantly increased their investment in the gaming sector, with a market value of 21.503 billion yuan, accounting for 59.17% of the media sector [18]. - Analysts view the gaming industry as a resilient sector with high potential for growth, comparing it to the innovative pharmaceutical industry in terms of investment characteristics [19]. - Despite the overall recovery, there is a notable disparity in performance among companies, with leading firms driving the market while mid-tier companies face significant survival pressures [20].

证券代码：002558 证券简称：巨人网络 公告编号：2025-临025 巨人网络集团股份有限公司 2025 年半年度权益分派实施公告 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、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 1.50 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-0.1465609 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 9 月 12 日召开的 2025 年第一次临时股东大会审议通过了 《关于 2025 年半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 1.50 元(含税)，不送红股， 不使用资本公积转增股本。若公司董事会及股东大会审议通过利润 ...

Group 1 - The gaming sector has experienced a significant rebound in stock prices after a period of low valuations, with several companies seeing their stock prices and market capitalizations double this year [1][3] - Perfect World and Xinghui Entertainment reached their daily price limits, while companies like 37 Interactive Entertainment and Giant Network saw increases of over 6% [1] - Century Huatong has emerged as the leading gaming company in A-shares, with a year-to-date increase of over 300%, bringing its market capitalization to over 149.3 billion yuan [4][6] Group 2 - The overall gaming industry is witnessing a recovery, with the term "warming" replacing last year's "winter" narrative, driven by improved fundamentals and policy support [10][12] - The gaming market's actual sales revenue reached 168 billion yuan in the first half of the year, marking a year-on-year growth of over 14% [10] - The number of game licenses issued by the National Press and Publication Administration increased by 20% year-on-year, facilitating the development and launch of quality new games [10][11] Group 3 - AI technology is being increasingly integrated into game development and operations, enhancing efficiency and reducing costs by approximately 20-30% [10][11] - Major gaming companies are investing in AI startups, indicating a strategic shift towards incorporating advanced technologies in their operations [12] - The gaming sector is expected to maintain high demand and continue its growth cycle, with potential for long-term value reassessment [12][13] Group 4 - Century Huatong's strong performance is attributed to successful game launches, with its titles achieving significant revenue milestones [9][10] - The gaming sector's overall revenue growth is expected to continue, with projections for further earnings upgrades in 2025 and 2026 [10][12] - The gaming index in A-shares has seen a cumulative increase of over 60% this year, reaching a historical high [8][10]

Group 1 - The esports sector saw a rise of 2.53%, ranking third among concept sectors, with 26 stocks increasing in value [1][2] - Notable gainers included Xinghui Entertainment, which hit a 20% limit up, and other companies like AOC Technology, Perfect World, and ST Huaton also reached their limit up [1] - The top gainers in percentage terms were Sanqi Interactive Entertainment, Giant Network, and Kaiying Network, with increases of 6.41%, 6.14%, and 4.82% respectively [1] Group 2 - The esports concept attracted a net inflow of 1.621 billion yuan, with 20 stocks receiving net inflows, and 6 stocks exceeding 100 million yuan in net inflow [2] - Xinghui Entertainment led the net inflow with 384 million yuan, followed by Perfect World, Sanqi Interactive Entertainment, and ST Huaton with net inflows of 362 million yuan, 271 million yuan, and 257 million yuan respectively [2][3] - In terms of net inflow ratio, AOC Technology, Xinghui Entertainment, and Perfect World had the highest ratios at 27.71%, 25.83%, and 22.08% respectively [3] Group 3 - The overall performance of the esports sector was supported by significant trading volumes, with Xinghui Entertainment achieving a turnover rate of 19.11% and Perfect World at 4.94% [3] - Other companies like Sanqi Interactive Entertainment and ST Huaton also showed notable trading activity with turnover rates of 10.31% and 2.16% respectively [3] - Conversely, companies such as Yuntu Holdings and Manboer experienced declines of 2.70% and 0.98% respectively, indicating some volatility within the sector [1][5]

Core Viewpoint - The online gaming sector has shown a positive performance with a 1.55% increase, ranking 7th among various concept sectors, driven by significant gains in several stocks [1][2]. Group 1: Stock Performance - 39 stocks within the online gaming sector experienced gains, with Xinghui Entertainment reaching a 20% limit up, followed by Wolong New Energy, Perfect World, and ST Huaton also hitting the limit up [1]. - Notable gainers included Mango Super Media, which rose by 8.87%, and 37 Interactive Entertainment, which increased by 6.41% [1]. - Conversely, stocks such as *ST Huicheng, New Xunda, and Variety Shares faced declines of 4.95%, 4.13%, and 3.11% respectively [1]. Group 2: Capital Inflow - The online gaming sector attracted a net inflow of 1.413 billion yuan, with 29 stocks receiving net inflows, and 9 stocks exceeding 100 million yuan in net inflow [2]. - Xinghui Entertainment led the inflow with 384 million yuan, followed by Perfect World, 37 Interactive Entertainment, and ST Huaton with net inflows of 362 million yuan, 271 million yuan, and 257 million yuan respectively [2]. Group 3: Capital Flow Ratios - The top stocks by net inflow ratio included Xinghui Entertainment at 25.83%, Wolong New Energy at 24.79%, and Perfect World at 22.08% [3].

Market Overview - On September 15, the gaming sector rose by 4.29% compared to the previous trading day, with Xinghui Entertainment leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Individual Stock Performance - Xinghui Entertainment (300043) closed at 6.66, up 20.00% with a trading volume of 2.3767 million shares [1] - Perfect World (002624) closed at 18.68, up 10.01% with a trading volume of 902,100 shares [1] - Other notable performers include: - Sanqi Interactive Entertainment (002555) at 23.06, up 6.41% [1] - Giant Network (002558) at 44.58, up 6.14% [1] - Glacier Network (300533) at 41.51, up 6.03% [1] Capital Flow Analysis - The gaming sector saw a net inflow of 1.972 billion yuan from institutional investors, while retail investors experienced a net outflow of 1.326 billion yuan [2] - The capital flow for key stocks includes: - Xinghui Entertainment with a net inflow of 387 million yuan from institutional investors [3] - Perfect World with a net inflow of 372 million yuan from institutional investors [3] - Sanqi Interactive Entertainment with a net inflow of 232 million yuan from institutional investors [3]

Core Viewpoint - The article discusses the performance of the stock market on September 15, highlighting mixed results among major indices and sector performances, with a focus on active sectors like gaming and pork, while noting the underperformance of certain materials sectors [2][5][10]. Market Performance - The three major indices closed with mixed results: Shanghai Composite Index at 3860.5 points, down 0.26%; Shenzhen Component Index at 13005.77 points, up 0.63%; and ChiNext Index at 3066.18 points, up 1.52% [2][3]. - The total trading volume in the Shanghai and Shenzhen markets was 2.28 trillion yuan, a decrease of 245.8 billion yuan from the previous trading day, with over 3300 stocks declining and more than 1900 stocks rising [2][3]. Sector Performance - Active sectors included pork (+2.82%), gaming (+3.65%), and automotive parts, while superconductors and retail concepts showed weak performance [5][6]. - Notable stocks in the gaming sector included Xinghui Entertainment, which hit a 20% limit up, and Perfect World, which also reached the limit up, with several other gaming stocks rising over 6% [6]. - In the pork sector, stocks like Delisi and Aonong Biological reached their daily limit, while Tiankang Biological rose over 8% [7]. Capital Flow - Main capital inflows were observed in the automotive, electric equipment, and machinery sectors, while there were outflows from electronics, communications, and defense sectors [10]. - Specific stocks with significant net inflows included BYD, Top Group, and Zhongdali De, with net inflows of 840 million yuan, 716 million yuan, and 700 million yuan respectively [11]. - Conversely, stocks like Northern Rare Earth, Wolong Electric Drive, and Zhongji Xuchuang faced substantial net outflows of 2.01 billion yuan, 1.83 billion yuan, and 1.386 billion yuan respectively [12]. Institutional Views - Citic Securities noted that the market is entering a high-level consolidation phase, with macro trading becoming a significant variable affecting market direction [14]. - Huatai Securities expressed a positive mid-term outlook for the domestic fundamentals, suggesting maintaining a high position while focusing on cost-effectiveness and industry prosperity [14].

Group 1 - The Zhongzheng Shanghai-Hong Kong-Shenzhen Game and Cultural Media Index (931580) has seen a strong increase of 1.59%, with notable gains from Perfect World (002624) up 10.01%, China Film (600977) up 8.83%, and 37 Interactive Entertainment (002555) up 7.43% [1] - The Game Media ETF (517770) rose by 1.57%, with the latest price reported at 1.29 yuan [1] - The acceleration of AI application commercialization is driven by continuous iterations of large models, with Alibaba's recent release of Qwen3-Next-80B-A3B showcasing significant innovations in training cost and efficiency [1] Group 2 - Open Source Securities highlights that the iteration of domestic large models towards stronger multimodal, reasoning, and agent performance may accelerate AI commercialization across various sectors including content creation, social media, advertising, e-commerce, education, and finance [2] - The Zhongzheng Shanghai-Hong Kong-Shenzhen Game and Cultural Media Index selects 50 listed companies involved in gaming, film, broadcasting, marketing, publishing, education, and cultural performances to reflect the overall performance of the theme in the markets [2] - As of August 29, 2025, the top ten weighted stocks in the index include Kuaishou-W (01024), Tencent Holdings (00700), and Bilibili-W (09626), collectively accounting for 54.14% of the index [2]

Core Viewpoint - The gaming sector continues to show strong performance, with significant gains in stock prices and a robust increase in game approvals, indicating a positive outlook for the industry. Group 1: Stock Performance - The gaming sector saw notable stock price increases, with companies like Xinghui Entertainment and Perfect World hitting the daily limit up, while others like 37 Interactive Entertainment and Giant Network also experienced gains [1] - The gaming ETF rose over 4%, with the Huatai-PB gaming ETF increasing by 3.5%, and both ETFs showing over 58% growth year-to-date [2][4] Group 2: Game Approvals and Market Growth - From January to August, the National Press and Publication Administration reported a 23.53% year-on-year increase in the issuance of domestic online game licenses, reflecting ongoing regulatory support for the gaming industry [6] - In August, a record number of 166 domestic games and 7 imported games were approved, contributing to a total of 1,119 game licenses issued from January to August, marking a 20.8% year-on-year increase [9][10] Group 3: Game Releases and Performance - Domestic mobile games are thriving, with the upcoming launch of "Iser" by Xindong Company generating significant anticipation, ranking 4th on Taptap's reservation list [7] - Giant Network's "Supernatural Action Group" has seen a rise in rankings and revenue following the introduction of new gameplay features, indicating strong ongoing performance [7] - Several mobile games from Century Huatong's subsidiary, including "Whiteout Survival," achieved record revenues in August, contributing to a 11% month-on-month increase in global revenue for the subsidiary [8] Group 4: Industry Outlook - Open Source Securities suggests that the gaming industry will continue to experience high demand and a favorable supply-demand dynamic, with the current valuation offering attractive investment opportunities [9] - Guoxin Securities highlights that the gaming market's revenue grew steadily in the first seven months, with a positive outlook driven by policy support, market conditions, and AI applications [9][10]