Investment Rating - The report maintains a "Buy" rating for the media industry [5] Core Insights - The media industry (Shenwan) saw a weekly increase of 1.55%, ranking 4th among industries, while the Shanghai Composite Index and Shenzhen Component Index both fell by 0.25% and 0.60% respectively [12][18] - Key companies such as Yuanlong Yatu, Chuanwang Media, and Giant Network showed strong performance, with notable weekly gains [18] - The gaming sector continues to thrive, with 33 Chinese companies making it to the global mobile game publisher revenue list, collectively earning $20.2 billion, accounting for 36.6% of the total revenue [29] Summary by Sections Market Performance - The media industry experienced a weekly increase of 1.55%, outperforming the Shanghai Composite Index and Shenzhen Component Index, which fell by 0.25% and 0.60% respectively [12] - The gaming sector saw a 2.57% increase, while advertising and film sectors also reported gains [12][18] Key Industry Data AI Application Data - Gemini's web access increased by 28.9% in May, ranking third among AI products, while Sora's access surged by 121.25% [22] - The top five AI products in China include DeepSeek, Nano AI Search, Doubao, Qwen.ai, and Baidu Wenku [24] Gaming Data - The top three mobile games as of June 12, 2025, are "Honor of Kings," "Mingchao," and "Peace Elite" [27] - The newly launched game "Zhang Jian Chuan Shuo" ranked 15th on the iOS bestseller list [27] - Tencent remains the top mobile game publisher, with "Delta Action" showing a 29% increase in revenue [29] Film Data - The total box office for the week of June 7-13, 2025, was 244 million yuan, with "Mission: Impossible 8" leading the box office [34] - Upcoming films for the summer season are generating significant attention, particularly "Breakup List" [35] Key Industry Events and Announcements - The Zhejiang Provincial Government issued measures to support the overseas expansion of the gaming industry, effective July 10, 2025 [38] - Tencent Music announced plans to acquire Ximalaya for $12.6 billion in cash and stock [38] - Chinese Online launched the "XIAOYAO" platform for international creators, focusing on AI-assisted writing [38]

Investment Rating - The report maintains a positive outlook on the gaming sector, particularly recommending Giant Network's "Supernatural Action Group" due to its strong performance and growth potential [6]. Core Insights - The gaming sector is expected to benefit from clear policy support and its nature as a resilient consumer segment, with a price-to-earnings (PE) ratio below 20x, indicating attractive odds for investment [6]. - Giant Network's "Supernatural Action Group" has shown significant growth in daily active users (DAU) since the beginning of the year, demonstrating its long-term operational capabilities and potential for revenue growth [6]. - Century Huatong's revenue increased by 16% in March, maintaining its position as the second-largest mobile game publisher in China, with notable titles achieving record global revenues [6]. - The report highlights the potential of various sectors including trendy consumer products, music, concerts, and gaming, with specific mentions of companies like Alibaba Pictures and Pop Mart [6]. Summary by Sections Gaming Sector - Continued recommendation for the gaming sector, with a focus on Giant Network's "Supernatural Action Group" and Century Huatong's strong revenue growth [6]. - Notable performance of other companies such as Netease and various emerging titles in the mobile gaming market [6]. Entertainment and Media - Positive outlook on consumer spending in trendy products and music, with companies like NetEase Music and Tencent Music showing growth in paid user segments [6]. - Alibaba Pictures rebranding to Damai Entertainment and its strategic moves in the concert and IP derivative markets [6]. AI Applications - Attention on undervalued AI applications with rapid commercialization progress, highlighting companies like Meitu and Kuaishou [6]. - Kuaishou's AI video monetization exceeding 100 million RMB monthly, indicating strong market performance [6]. Advertising Sector - Concerns regarding the recent adjustments in Focus Media due to market fears of domestic demand weakness, but the company maintains advantages in elevator advertising and high dividend ratios [6].

Core Viewpoint - The company, Giant Network, announced that its current operational situation is normal and there are no undisclosed significant matters that need to be reported [1] Summary by Relevant Sections - **Stock Performance**: The company's stock experienced an abnormal fluctuation, with a cumulative closing price increase of over 20% from June 11 to June 13, 2025 [1] - **Disclosure Status**: The company confirmed that there are no corrections or supplements needed for previously disclosed information, and the recent operational environment has not undergone significant changes [1] - **Insider Trading**: During the period of stock fluctuation, the controlling shareholder and actual controller did not engage in buying or selling the company's stock [1]

证券代码：002558 证券简称：巨人网络 公告编号：2025－临018 巨人网络集团股份有限公司 股票交易异常波动的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、 股票交易异常波动情况介绍 巨人网络集团股份有限公司（以下简称"公司"）股票（股票简称：巨人网络， 股票代码：002558）于 2025 年 6 月 11 日、2025 年 6 月 12 日、2025 年 6 月 13 日连续三个交易日内收盘价格涨幅偏离值累计超过 20%，根据深圳证券交易所 的有关规定，属于股票交易异常波动的情况。 二、 公司关注并核实相关情况 针对公司股票异常波动，公司董事会依照规定进行了核查，现将有关情况说 明如下： 1、前期披露的信息不存在需要更正、补充之处； 2、近期不存在公共传媒报道可能或已经对公司股票交易价格产生较大影响 的未公开重大信息； 4、经公司自查，并向控股股东、实际控制人以书面形式核实，公司、控股 股东和实际控制人不存在关于公司的应披露而未披露的重大事项，或处于筹划阶 段的重大事项； 5、股票异常波动期间，控股股东、实际控制人未买卖公司股票。 三、 ...

Market Overview - On June 12, the A-share major indices experienced slight fluctuations, with over 2800 stocks declining across the market. The market focus was on sectors such as IP economy, precious metals, innovative pharmaceuticals, and pet economy [1][3]. Stock Performance - Notable stocks included: - Yiming Pharmaceutical achieved a 7-day consecutive rise with a 10.01% increase, closing at 23.73 [4]. - Yuanlong Yatu, benefiting from IP economy and digital collaboration, saw a 10-day rise with a 10.00% increase, closing at 22.66 [4]. - Guangdong Media, combining IP economy and sports concepts, recorded a 4-day rise with a 10.04% increase, closing at 8.88 [4]. Trading Activity - The top three net buying stocks on the daily leaderboard were: - Rongfa Nuclear Power with a net buy of 3.85 billion [5][6]. - Yiming Pharmaceutical with a net buy of 1.47 billion [6]. - Yuanlong Yatu with a net buy of 1.15 billion [6]. - The top three net selling stocks included: - Limin Co. with a net sell of 1.63 billion [7]. - Zhongke Magnetic with a net sell of 1.53 billion [7]. - Qingmu Technology with a net sell of 754.24 million [7]. Sector Highlights - The IP economy sector showed renewed strength, with stocks like Yuanlong Yatu and Guangdong Media performing well due to their innovative collaborations and market positioning [3][4]. - The nuclear power sector, represented by Rongfa Nuclear Power, gained attention following significant investments in nuclear fusion technology, indicating potential growth in this area [14][17]. Institutional Activity - Institutional investors showed interest in stocks like Rongfa Nuclear Power, which saw a net buy of 1.28 billion from deep stock connections [20][22]. - Conversely, Limin Co. faced significant net selling from institutional investors, indicating a shift in sentiment towards this stock [19][23].

Core Viewpoint - A-shares experienced slight fluctuations with the TMT sector showing strength, while Hong Kong stocks remained relatively flat, with a notable rise in pharmaceutical stocks [1][14]. A-share Market Summary - The A-share market showed narrow fluctuations, with major indices experiencing minimal changes. By noon, the Shanghai Composite Index rose by 0.07%, the Shenzhen Component increased by 0.05%, and the ChiNext Index gained 0.50% [3][4]. - The TMT sector collectively strengthened, particularly the telecommunications sector, which saw a rise exceeding 2% at one point. Stocks such as Dongxin Peace and Mingpu Optoelectronics reached their daily limit [4][5]. Sector Performance - The media sector also performed well, with gains approaching 2%. Notable stocks included Chuanwang Media, which surged over 18%, and others like Yuanlong Yatu and Giant Network hitting their daily limits [6]. - The computer sector showed strong performance, with stocks like Zhaori Technology and Luopute hitting their daily limits, while others like Geer Software and Hengyin Technology also saw significant increases [8][9]. - Other sectors such as beauty care, non-ferrous metals, and non-bank financials also saw notable gains, while sectors like home appliances and agriculture faced declines [9]. New Stock Performance - The newly listed stock Haiyang Technology saw a dramatic increase of over 500% during the morning session. The company specializes in the research, production, and sales of nylon 6 series products and aims to become a leader in the nylon industry [11][12][13]. Hong Kong Market Summary - The Hong Kong market exhibited a relatively flat performance, with the Hang Seng Index mostly declining during the morning session [15]. - However, the pharmaceutical sector in Hong Kong experienced significant gains, with stocks like China Biologic Products rising over 17% and others like Meizhong Pharmaceutical and Zai Lab increasing by over 11% [17][18].

Group 1 - The gaming stocks are active in early trading, with Giant Network hitting the daily limit up, and other companies like G-bits, Xunyou Technology, Perfect World, Glacier Network, Kaiying Network, Shenzhou Taiyue, and Zhangqu Technology also experiencing gains [1] - The Zhejiang Provincial Department of Commerce and 17 other departments have issued measures to support the overseas expansion of the gaming industry, which will take effect on July 10, 2025 [1]

Group 1 - The mobile gaming sector has experienced a short-term surge, with companies like Giant Network (002558) hitting the daily limit up [1] - Other companies such as Xunyou Technology (300467), Iceberg Network (300533), Tuo Wei Information (002261), Zhangqu Technology (300315), and Kaiying Network (002517) have also seen significant increases in their stock prices [1] - There is a notable influx of dark pool funds into these stocks, indicating strong investor interest [1]

Group 1 - The esports sector saw a rise of 2.72%, ranking second among concept sectors, with 29 stocks increasing in value, including significant gains from companies like Xinyu Entertainment (up 13.43%) and Giant Network (up 5.38%) [1] - The main inflow of funds into the esports sector amounted to 856 million yuan, with 21 stocks receiving net inflows, and 9 stocks exceeding 50 million yuan in net inflows, led by Giant Network with 163 million yuan [1] - The top three stocks by net inflow ratio were Electric Soul Network (23.03%), ST United (18.44%), and Bo Rui Communication (14.18%) [2] Group 2 - The esports concept stocks that performed well included Electric Soul Network, ST United, and Bo Rui Communication, with respective daily increases of 9.99%, 5.01%, and 5.03% [2][3] - The trading volume and turnover rates for key stocks were notable, with Electric Soul Network having a turnover rate of 7.97% and Giant Network at 3.92% [2] - The overall market sentiment in the esports sector appears positive, as indicated by the significant net inflows and the performance of leading stocks [1][2]

Investment Rating - The report maintains a "Buy" rating for key companies in the media sector, including 吉比特 (G-bits), 恺英网络 (Kying Network), and 姚记科技 (Yaoji Technology) [8][19][31]. Core Insights - The media industry has shown a weekly increase of 2.59%, ranking 7th among various sectors, outperforming the Shanghai Composite Index and the CSI 300 Index [2][11]. - The AI sector continues to thrive, with significant growth in subscription revenues for products like ChatGPT, which reached an annualized revenue of $1.25 billion, reflecting a 20% month-over-month increase [3][23]. - 吉比特's new game, 《杖剑传说》, has entered the iOS bestseller list, ranking 11th, indicating strong market performance [4][31]. - The film industry saw a total box office of 460 million yuan during the Dragon Boat Festival, a year-on-year increase of 20.1%, with the top film, 《碟中谍 8：最终清算》, grossing 191 million yuan [39][41]. Summary by Sections Market Performance - The media sector's weekly performance from May 31 to June 7 shows a 2.59% increase, with the gaming sector leading at 4.12% [11][19]. - Key stocks such as ST 联合 and 湖北广电 saw significant gains, with increases of 21.36% and 20.41% respectively [19][20]. AI Sector - In May 2025, ChatGPT's annualized subscription revenue reached $1.25 billion, with a 14.38% year-over-year growth [23][24]. - Chinese AI applications like 百度网盘 and 夸克 ranked among the top ten globally in monthly active users, with 百度网盘 reaching 153.14 million users [25][28]. Gaming Sector - 吉比特's new game, 《杖剑传说》, has achieved notable success, ranking 11th on the iOS bestseller list as of June 5 [31][32]. - The gaming market continues to show robust performance, with major titles like 《王者荣耀》 and 《和平精英》 leading the sales charts [31][32]. Film Sector - The total box office for the Dragon Boat Festival reached 460 million yuan, with a significant contribution from the top film, which accounted for 41.5% of the total box office [39][41]. - Over 60 films have been scheduled for the upcoming summer season, indicating a strong pipeline for the film industry [39][41].