Group 1 - Tencent's game "Dark Zone Breakthrough: Infinite" officially launched its domestic server, filling a gap in the hardcore military online game segment and enhancing Tencent's shooting game portfolio [1] - The game adopts a free-to-play model and emphasizes "extraction-style shooting" gameplay, which may increase the revenue share from online games for Tencent [1] - The successful operation of this game could positively influence investors' assessment of Tencent's "studio group" technical synergy [1] Group 2 - Century Huatong reported a net profit of 1.213 billion yuan for 2024, a year-on-year increase of 131.51%, with revenue reaching 22.62 billion yuan [2] - In Q1 2025, the company achieved revenue of 8.145 billion yuan, a 91.12% year-on-year growth, and a net profit of 1.35 billion yuan, up 107.2% [2] - The strong performance in financial metrics suggests potential stock price strength, while long-term performance will depend on new product market performance and AI technology commercialization [2] Group 3 - Sanqi Interactive Entertainment reported Q1 2025 revenue of approximately 4.243 billion yuan, a decrease of 10.67% year-on-year, and a net profit of about 549 million yuan, down 10.87% [3] - The basic earnings per share were 0.25 yuan, reflecting a 10.71% year-on-year decline [3] - The short-term decline in performance may suppress stock price, while long-term trends will depend on product pipeline execution and industry recovery [3]

Core Viewpoint - Century Huatong's financial performance in 2024 and Q1 2025 shows significant growth, driven by both domestic and international gaming sectors, with overseas business becoming a key revenue engine [1][2]. Financial Performance - In 2024, Century Huatong reported revenue of 22.62 billion yuan and a net profit of 1.213 billion yuan, marking a year-on-year increase of 131.51% [1]. - For Q1 2025, the company achieved revenue of 8.145 billion yuan, up 91.12%, and a net profit of 1.35 billion yuan, reflecting a growth of 107.2% [1]. - The overseas business generated 11.367 billion yuan in 2024, accounting for 50.26% of total revenue, marking a significant milestone [1]. Product Performance - The subsidiary, Diandian Interactive, reported that its flagship product, "Whiteout Survival," generated approximately 15 billion yuan in 2024, a 155% increase, contributing nearly 70% to the group's total revenue [2]. - "Whiteout Survival" achieved record global revenue in March, topping the global mobile game revenue chart [2]. Market Strategy - Century Huatong's success in overseas markets is attributed to establishing local teams in key regions like Europe, the US, Japan, and South Korea for community engagement and user feedback [2]. - The company emphasizes the importance of game genre selection in the competitive landscape of Chinese game exports, with "Whiteout Survival" innovating in the SLG category by incorporating simulation elements and a unique snow-themed setting [2][3]. Industry Insights - According to research, SLG products have a longer lifecycle and stable monetization, with successful titles like "Last War" and "Whiteout Survival" demonstrating strong performance in overseas markets [3]. - The domestic market strategy focuses on remastering classic IPs and adapting successful overseas titles for local audiences [4]. Technological Integration - Century Huatong has integrated AI technology across the entire game development and operation process, enhancing art production efficiency by 60% to 80% [4]. - The company is actively promoting AI applications in game development, with initiatives like the "Dragon Cup" global AI game competition aimed at discovering innovative projects and talent [4].

Core Viewpoint - Century Huatong (ST华通) has reported record-high financial metrics for 2024 and Q1 2025, driven by strong overseas market performance and a focus on AI integration in gaming [1][9]. Financial Performance - In 2024, the company achieved revenue of 22.62 billion yuan, a year-on-year increase of 70.27%, and a net profit attributable to shareholders of 1.213 billion yuan, up 131.51% [1]. - The overseas revenue reached 11.367 billion yuan, significantly contributing to the overall growth [1]. - For Q1 2025, the company reported revenue of 8.145 billion yuan, a 91.12% increase year-on-year, and a net profit of 1.35 billion yuan, up 107.2% [1]. Business Segments - The company's business is divided into three main segments: internet games, AI cloud data, and automotive parts manufacturing [4]. - The internet gaming segment generated 20.966 billion yuan in 2024, reflecting an 85.94% growth, with mobile games accounting for 82.35% of this revenue [4]. Key Products and Market Strategy - The success of the self-developed mobile game "Whiteout Survival" has been pivotal, with over 100 million downloads globally and topping revenue charts [5]. - The company has established a diversified product matrix with a focus on both established and new titles, ensuring steady growth [7]. - Upcoming titles include "Cloud Under the Sea" and "Starving Wilderness," with plans for multi-platform versions of existing IPs [8]. AI Integration - The company is actively pursuing AI as a growth avenue, integrating AI technologies into game development and operations, enhancing production efficiency by 60% to 80% [9][10]. - The integration of AI in popular IPs like "Legendary World" aims to improve player interaction through intelligent NPCs [10]. Market Position and Future Outlook - Despite competition from major players like Tencent and NetEase, the company aims to differentiate itself through a unique blend of survival SLG and classic RPG games [10]. - Future growth will depend on the successful implementation of AI technologies and the performance of new product launches [10].

Market Overview - The Shanghai Composite Index fell by 0.05% on April 29, with 19 sectors experiencing gains, led by the beauty and personal care sector at 2.60% and machinery equipment at 1.44% [1] - The media industry ranked third in terms of daily gains [1] - The utilities and comprehensive sectors had the largest declines, at 1.78% and 0.97% respectively [1] Capital Flow Analysis - The main capital outflow from the two markets totaled 1.259 billion yuan, with 11 sectors seeing net inflows [1] - The machinery equipment sector led with a net inflow of 2.502 billion yuan, followed by the basic chemical industry with a net inflow of 615 million yuan [1] - The utilities sector had the highest net outflow, totaling 2.127 billion yuan, followed by the oil and petrochemical sector with a net outflow of 551 million yuan [1] Media Industry Performance - The media industry rose by 1.27% with a net capital inflow of 257,800 yuan, comprising 130 stocks, of which 106 rose and 22 fell [2] - Notable stocks with significant net inflows included Focus Media with 124 million yuan, ST Huaton with 106 million yuan, and Tom Cat with 49.15 million yuan [2] - The media industry also saw significant net outflows, with Tianyu Shuke leading at 158.19 million yuan, followed by Zhangyue Technology and Wanda Film with outflows of 77.71 million yuan and 59.43 million yuan respectively [4]

据了解，中旭未来(贪玩游戏)于此前一直保持对世纪华通的战略性投资，旨在通过资本合作深化双方在 游戏研发、发行及IP运营等领域的协同效应。 随着世纪华通2024年全年及2025年第一季度财报的发布，公开数据显示，世纪华通2025年一季度揽得 81.45亿元，2024年营收226.2亿元，双登历史最高。尤其值得注意的是，世纪华通一季度已实现营收 81.45亿元，同比增长91.12%；归母净利润13.5亿元，同比增长107.2%；扣非后净利润13.46亿元，同比 增长107.95%；经营性现金流12.91亿元，同比增长48%。 港股上市游戏公司中旭未来(贪玩游戏)(09890)对A股上市公司浙江世纪华通集团(002602.SZ)的战略投资 迎来阶段性成果。 2025年4月28日，世纪华通同时发布2024年全年及2025年第一季度财报，得益于世纪华通2025年第一季 度的业绩表现亮眼，其股价于2025年4月29日强势涨停，为中旭未来(贪玩游戏)带来可观的投资收益， 进一步巩固了其在游戏行业的战略布局。 战略投资成效显现 中旭未来(贪玩游戏)与世纪华通的合作不仅限于资本层面，双方在游戏内容开发、技术共享及市场拓展 等方 ...

Core Insights - Century Huatong and 37 Interactive Entertainment are the top two revenue earners in the A-share gaming industry for 2024, both exceeding 10 billion yuan in revenue [1][2] - Century Huatong reported a revenue increase of 70.3% to 22.62 billion yuan and a net profit increase of 131.5% to 1.21 billion yuan for 2024 [1][2] - 37 Interactive Entertainment achieved a revenue of 17.44 billion yuan, a growth of 5.4%, with a net profit of 2.67 billion yuan, up 0.5% [2][3] Company Performance - Century Huatong's internet gaming business generated 20.97 billion yuan in revenue, an 85.9% increase, with its subsidiary, Point Interactive, contributing approximately 15 billion yuan, a 155% increase [2][4] - The game "Whiteout Survival" from Point Interactive has been a significant revenue driver, ranking first in China's mobile game overseas revenue for 10 consecutive months [1][2] - 37 Interactive Entertainment's growth is attributed to its overseas and mini-game businesses, with notable titles contributing to its revenue [3][4] Market Position - Shenzhou Taiyue ranks third in A-share gaming revenue with 6.45 billion yuan, an 8.22% increase, and a net profit of 1.43 billion yuan, up 60.92% [3][4] - Perfect World faced a decline in revenue to 5.57 billion yuan, a decrease of 28.5%, and reported a net loss of 1.288 billion yuan [4][5] - Humming Network achieved a revenue of 5.12 billion yuan, a growth of 19.2%, with a net profit of 1.63 billion yuan, up 11.4% [5][6] Industry Trends - The gaming industry's overseas expansion has been a key growth factor for major companies, with government support for developing overseas gaming businesses [6] - Recent government initiatives aim to enhance the gaming industry's global competitiveness, indicating potential for a new product cycle [6]

Core Viewpoint - Century Huatong has achieved record-breaking performance in 2024, with significant revenue growth and strong profitability, solidifying its position as the leading gaming company in A-shares [1][3]. Financial Performance - In 2024, Century Huatong reported revenue of 22.62 billion yuan, a year-on-year increase of 70.27%, and a net profit attributable to shareholders of 1.213 billion yuan, up 131.51% [1][2]. - The company's operating cash flow reached 5.046 billion yuan, reflecting a growth of 62.67% [1]. - For Q1 2025, revenue was 8.145 billion yuan, a 91.12% increase year-on-year, with net profit attributable to shareholders at 1.35 billion yuan, up 107.2% [2]. Business Growth Drivers - The company’s overseas revenue reached 11.367 billion yuan in 2024, marking a 52.3% increase, driven by successful titles like "Whiteout Survival" [3]. - Domestic operations also thrived, with significant growth in established IPs and new game launches, such as "Dragon Valley" and "Adventure Island" [5]. AI Integration and Innovation - Century Huatong is actively integrating AI into its game development and operations, enhancing production efficiency by 60%-80% [6]. - The company has initiated the "Dragon Cup" global AI game and application competition to foster innovation in AI technology [6]. ESG Commitment - The company has invested 6.21 million yuan in public welfare initiatives, focusing on areas like youth online protection and rural revitalization [8]. - Century Huatong has engaged in various community support activities, demonstrating its commitment to social responsibility [8].

Core Insights - Century Huatong has established itself as the leading A-share gaming company with a revenue of 22.62 billion yuan in 2024, marking a 70.27% year-on-year growth [1] - The company's overseas business revenue reached 11.367 billion yuan, accounting for 50.26% of total revenue, highlighting its significant role in driving growth [1] - The success of the game "Whiteout Survival" has contributed to Century Huatong's strong overseas performance, maintaining the top position in global mobile game revenue for ten consecutive months [2] Financial Performance - In 2024, Century Huatong achieved a total revenue of 22.62 billion yuan, with a year-on-year increase of 70.27% [1] - For Q1 2025, the company reported a revenue of 8.145 billion yuan, reflecting a 91.12% year-on-year growth [1] - The overseas business has become a core growth engine, with revenue surpassing 11.367 billion yuan [1] Product Performance - "Whiteout Survival" has surpassed 100 million downloads globally and has consistently ranked first in mobile game revenue for ten months [2] - The game has shown a 13% increase in overseas revenue during the 2024 Christmas period due to new content updates [2] - Other titles like "Dragonscapes Adventure" and "Family Farm Adventure" have also contributed to steady revenue growth [3] Market Strategy - Century Huatong is leveraging a dual-brand strategy with its subsidiary, Point Interactive, to enhance overseas market penetration [3] - The company is focusing on a comprehensive approach to game development, from IP creation to overseas operations, aligning with national policies promoting cultural exports [5][6] - The shift from "going out" to "going in" reflects a deeper understanding of local cultures and user needs, aiming for long-term brand establishment in overseas markets [6]

2025年一季度，营收81.45亿元，同比增长91.12%；归母净利润13.5亿元，同比增长107.2%；扣非后净 利润13.46亿元，同比增长107.95%；经营性现金流12.91亿元，同比增长48%，展现强劲经营活力。 世纪华通2024年营收突破226.2亿元，同比增长70.27%，归母净利润12.13亿元，扣非后净利润增长 290.2%，稳居A股游戏行业营收榜首。 ...

证券代码：002602 证券简称：ST 华通 公告编号：2025-016 浙江世纪华通集团股份有限公司 第六届董事会第八次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 浙江世纪华通集团股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日通 过专人送达、电子邮件、电话等方式发出召开第六届董事会第八次会议的通知， 会议于 2025 年 4 月 28 日在上海市浦东新区海趣路 58 号 1 号楼 11 楼会议室以 现场结合通讯表决方式召开。会议应出席董事 9 人，实际出席董事 9 人，非独立 董事李纳川、何九如、赵骐及独立董事李臻、张欣荣、姚承骧通过通讯表决方式 与会。会议由公司董事长王佶先生主持。本次会议的召开及表决程序符合《公司 法》和《公司章程》的有关规定。经与会董事认真审议通过了以下议案： 二、董事会会议表决情况 1、审议通过了《2024 年度总裁工作报告》 表决结果：同意 9 票，反对 0 票，弃权 0 票。 与会董事认真听取了总裁所作的《2024 年度总裁工作报告》，认为该报告客 观、真实地反映了报告 ...