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 ...

世纪华通和三七互娱是2024年度营收冠亚军，也是唯二两家规模破百亿的A股游戏厂商。 4月29日，A股游戏厂商世纪华通发布了2024年报及2025年一季报，得益于爆款游戏的支撑，2024年其 营收同比增长70.3%至226.2亿元，净利润同比增长131.5%至12.1亿元。今日ST华通（002602）开盘涨 停。 至此，A股几大游戏厂商2024年"成绩单"均已发布。世纪华通和三七互娱是2024年度营收冠亚军，也是 唯二两家规模破百亿的A股游戏厂商，世纪华通以超过220亿元的营收规模居首，其次是三七互娱，营 收超过174亿元。 按整体业务算，A股游戏营收第三位是神州泰岳，2024年其营收超过64亿元。按游戏业务规模算，完美 世界则稳住了A股第三的位置。恺英网络2024年营收超过51亿元，位列前五。A股前五大厂商2024年收 入超过570亿元。 世纪华通旗下拥有包括点点互动、盛趣游戏等多家游戏业务子公司，过去一年其业绩大增得益于点点互 动的爆款产品《Whiteout Survival》（《无尽冬日》），这一游戏目前已经连续10个月稳居中国手游出 海收入榜第一。 2024 年，世纪华通互联网游戏业务实现收入 209. ...

4月29日，A股头部游戏企业浙江世纪华通集团股份有限公司（002602 SZ，以下简称"世纪 华通"）发布了2024年年度报告及2025年第一季度财报，多项核心指标刷新历史纪录。其 中，公司以超200亿元的游戏营收，蝉联A股游戏公司收入榜第一。 业绩飙升，双轮驱动显神威 在游戏行业竞争白热化的当下，世纪华通凭借"国内+国外"双核驱动战略，成功突破市场瓶颈，实现历 史性的飞跃。 海外业务成为增长引擎，2024年海外收入高达113.67亿元，同比增长52.3%。旗下点点互动凭借 《Whiteout Survival》（《无尽冬日》）等爆款游戏，全球下载量突破1亿，稳居中国出海手游收入榜 首，并于2025年3月登顶全球手游收入榜。《Dragonscapes Adventure》《Family Farm Adventure》等经 典游戏持续发力，新品《Kingshot》《High Sea Hero》等接续登场，形成"老品稳增长、新品添动力"的 多元化产品矩阵，助力点点互动攀升至中国手游发行商收入榜第二，跻身全球前十。 2024年，世纪华通实现营业收入226.20亿元，同比增长70.27%；归母净利润12.13亿元，同 ...

图1 在2025年3月榜单中《Whiteout Survival》依然稳居第一 能够做到这一点，既得益于点点互动拥有的玩法融合创新基因和不断提升的研发能力，也离不开其自身 多年来积累的长线运营实力。近几年，通过加大在研发上的投入，点点互动如今已经形成一套高效的研 发流程，能够快速迭代游戏内容，快速响应并满足用户对于新内容的持续需求。例如，在2024年圣诞节 期间，《Whiteout Survival》推出了全新小游戏"Jolly Marble"和圣诞主题奖励，为玩家带来丰富有趣的 圣诞冒险体验，推动游戏海外收入环比上涨13%，创下历史新高。2025年3月，凭借2周年庆典重磅活动 与内容更新，《Whiteout Survival》更是成为Sensor Tower统计发布的2025年3月全球手游收入榜第一。 这也意味着，随着游戏运营周期的延长，产品的内容及付费深度也在一同持续提升。这种"越老越香"的 运营特质，恰恰印证了SLG游戏的核心竞争力——通过持续的内容迭代与用户生态建设，打破传统手 游"短周期"魔咒，形成穿越市场周期的价值壁垒。 图2 随着A股各游戏上市公司陆续披露2024年报，去年的业绩冠军终于落定。4 ...

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 ...