完美世界1月5日大宗交易平台出现一笔成交，成交量450.00万股，成交金额7515.00万元，大宗交易成交 价为16.70元，相对今日收盘价折价1.24%。该笔交易的买方营业部为机构专用，卖方营业部为国泰海通 证券股份有限公司北京知春路证券营业部。 证券时报·数据宝统计显示，完美世界今日收盘价为16.91元，上涨3.17%，日换手率为2.81%，成交额为 8.62亿元，全天主力资金净流出3231.83万元，近5日该股累计上涨4.32%，近5日资金合计净流出6469.84 万元。 两融数据显示，该股最新融资余额为7.41亿元，近5日减少4131.93万元，降幅为5.28%。（数据宝） | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折溢 | 买方营 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 价（%） | 业部 | | | 450.00 | 7515.00 | 16.70 | -1.24 | 机构专 | 国泰海通证券股份有限公司北京知 | | | | | | 用 | 春路证券营业部 | （文章来源：证券时报网 ...

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 第1笔成交价格为16.70元，成交450.00万股，成交金额7,515.00万元，溢价率为-1.24%，买方营业部为机 构专用，卖方营业部为国泰海通证券股份有限公司北京知春路证券营业部。 进一步统计，近3个月内该股累计发生1笔大宗交易，合计成交金额为7515万元。该股近5个交易日累计 上涨4.32%，主力资金合计净流出4345.27万元。 责任编辑：小浪快报 1月5日，完美世界收涨3.17%，收盘价为16.91元，发生1笔大宗交易，合计成交量450万股，成交金额 7515万元。 ...

"In my enterprises, you need a calendar, not a stop-watch. They're geared to a ten-year cycle." ——Laurance Rockefeller. 在我的事业中，你需要的是日历，而不是一块秒表。它是以十年为周期运转的。——劳伦斯·洛克菲勒（美国企业家、慈善家，洛克菲勒家族成员） 十年前，中国游戏行业争论的焦点仍是，重度手游究竟能不能走通？此后十年，重度手游带领中国游戏产业开疆拓土，一度推动中国成为全球规模最大的 单一游戏市场。期间，也涌现了腾讯、网易、米哈游、世纪华通等优秀厂商，成为全球排名Top 10的游戏研发商。 十年后，随着硬件、用户、玩法红利逐渐消失，中国乃至全球游戏行业，正在步入一种更加结构性的困局：过去，我们相信一款爆款可以重塑游戏市场格 局，甚至引发行业级"军备竞赛"，比如MOBA、吃鸡、搜打撤。而现在，我们发现，游戏行业已经悄悄进入另一种秩序：大DAU赛道被大厂垄断；买量 被字节算死，厂商沦为打工人；讨论的重心从做手游转向跨端，要么搞单机，要么搞小游戏。 同时，中国游戏玩家也变得越来越难伺候。十年前，他 ...

华鑫证券研报指出，完美世界2025年主业端游戏与影视双回暖，看2026年产品进展，作为内容与技术践 行者，从游戏到长短剧，本质围绕内容IP做打磨，形成经典与创新双轮驱动，AI时代积极整合AI工具， 提升内容生成与研发效率，电竞业务中引入VR全息观赛、XR实时沙盘技术，影视业务自主研发"弧光 智作系统"，利用AI优化制作流程，并通过IP联动、跨平台内容开发，打通游戏与影视内容的互动闭 环，当前股价对应PE分别为41.0、27.6、19.8倍，首次覆盖，给予"买入"投资评级。 ...

Core Viewpoint - The Zhongzheng 500 Enhanced ETF (159678) has shown a positive performance since its inception, with a return of 40.53% since February 13, 2023, and a recent one-month return of 7.00% [1] Group 1: ETF Performance - The Zhongzheng 500 Enhanced ETF opened at 1.416 yuan, with an increase of 0.93% [1] - The ETF's performance benchmark is the Zhongzheng 500 Index return rate [1] - The fund is managed by Bosera Asset Management, with fund managers Liu Zhao and Yang Zhenjian [1] Group 2: Top Holdings - Key stocks in the ETF include: - Shenghong Technology up 1.47% - Huagong Technology up 0.28% - Goldwind Technology up 10.00% - Giant Network down 0.42% - Perfect World up 0.98% - Ninebot Company up 0.27% - Jincheng Trust up 0.11% - Gaode Infrared up 1.91% - Rockchip up 0.46% - Shennong Development unchanged [1]

Investment Rating - The report recommends a positive investment outlook for the technology sector, specifically highlighting key stocks for January 2026 [6]. Core Insights - The report identifies several key companies within the technology sector, including Eastcompeace, Jincheng Electronics, Xinyi Technology, Tax Friend, Haiguang Information, Giant Network, and Perfect World, as potential investment opportunities [6][8][9][10][11][12][13][14]. Summary by Category Electronics - **Eastcompeace**: The company is entering a growth phase driven by AI technology breakthroughs, leading to increased capital expenditure from cloud vendors and a surge in demand for data servers. The acquisition of Solstice Optoelectronics enhances its position in optical communication [8]. - **Jincheng Electronics**: The company reported a revenue of 889 million yuan in Q3 2025, a year-on-year increase of 25.4%. The semiconductor business is expected to grow significantly, with an order backlog of approximately 1.791 billion yuan [9]. Communication - **Xinyi Technology**: As a leading manufacturer of high-speed optical modules, the company has made significant inroads with major clients like Amazon and is expected to see substantial profit growth from 2025 to 2027, with projected net profits of 94.97 million yuan, 166.16 million yuan, and 217.76 million yuan respectively [10]. - **Huafeng Technology**: The company is positioned to benefit from the high demand for AI applications and is expected to see net profits grow from 3.53 million yuan in 2025 to 8.73 million yuan by 2027 [10]. Computer - **Tax Friend**: The company is a leader in the financial IT sector, leveraging AI and big data to provide comprehensive solutions for businesses. It aims to enhance its product offerings and customer engagement through innovative AI-driven solutions [11]. - **Haiguang Information**: The company is a key player in the domestic high-end CPU market, expected to benefit from the growing demand for AI computing power. It aims to establish a comprehensive AI computing platform [12]. Media - **Giant Network**: The company is experiencing stable commercialization with new game releases and updates expected to drive user engagement and revenue growth [13]. - **Perfect World**: The company is preparing for the launch of its new game "Yihuan," which has shown strong pre-launch interest, and is also focusing on expanding its esports business [14].

Investment Rating - The report assigns an "Overweight" rating for the media industry, particularly highlighting opportunities in the gaming sector [5]. Core Insights - The media index saw a maximum increase of over 40% in 2025, with the gaming index nearly doubling, indicating strong growth potential in the gaming sector [2][9]. - The film market is experiencing a trend of increasing concentration among top films, with imported films leading the box office during the New Year period [18][21]. Summary by Sections 1. Media Index Performance - The media index achieved a maximum increase of 42.24% in 2025, with a notable rise of 30% from January 2 to December 31 [8][9]. - The gaming sector outperformed all other sub-sectors, with a maximum increase of 98.45% in 2025, while other sectors like film exhibition benefited from the Spring Festival, nearing a 50% increase [9][17]. 2. Film Market Trends - The total box office for 2025 reached 51.8 billion yuan, a year-on-year increase of 22%, with over 1.2 billion admissions [18][20]. - The number of imported films exceeded 100 for the first time in five years, reaching 106, contributing significantly to box office revenues [21][22]. - The concentration of box office revenue among top films is increasing, with a few high-grossing films supporting the market [21][23]. 3. Recommendations for Companies - The report recommends focusing on companies in the gaming sector such as Giant Network, Century Huatong, and Perfect World, which are expected to perform well due to the release of new games and the performance of existing titles [17][27]. - For the film sector, companies involved in upcoming films for the Spring Festival, such as Maoyan Entertainment and Wanda Film, are highlighted as potential beneficiaries [27][28].

Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Insights - The total supply of game licenses continues to increase, with a significant rise in new products expected in 2026. The number of game licenses issued in 2025 reached 1,771, a 25.07% increase from 1,416 in 2024, marking a new high since the regulations were established in 2018 [8] - The approval process for imported game licenses has been optimized, with the average number of licenses issued per batch increasing from approximately 80 in 2023 to 160 in the second half of 2025, indicating a supportive policy environment [8] - The number of cross-platform headlining games has significantly increased, with 1,729 mobile games, 159 client games, 19 web games, and 8 console games licensed in 2025. The growth of cross-platform products is expected to continue, driven by high-end engine usage [8] - The gaming market is expected to see intense competition in genres such as simulation, RPG, and open-world games in 2026, with a notable presence of low ARPU (Average Revenue Per User) games that may exhibit stronger resilience against deflationary pressures [8] Summary by Sections Investment Suggestions and Targets - The report suggests focusing on companies with a reserve of cross-platform headlining projects and those with a strong portfolio of enduring games that have high daily active users (DAU) but low ARPU. Recommended stocks include Tencent Holdings (00700, Buy), NetEase (09999, Buy), and others [3] Industry Dynamics - The gaming industry is experiencing a robust growth trajectory, with a notable increase in the number of game licenses and an improved business environment for game developers due to policy support [8]

Group 1 - The core point of the news is that Perfect World Co., Ltd. experienced a decline of 1.1% in its stock price, reaching 16.22 CNY per share, with a trading volume of 1.04 billion CNY and a turnover rate of 0.35%, resulting in a total market capitalization of 31.466 billion CNY [1] - Perfect World, established on August 27, 1999, and listed on October 28, 2011, is primarily engaged in the development, publishing, and operation of online games, as well as film and television production and related services [1] - The revenue composition of Perfect World includes 50.18% from PC online games, 26.23% from mobile online games, 20.29% from television and short dramas, 1.85% from other game-related businesses, 0.50% from other film-related businesses, 0.48% from other sources, and 0.47% from console games [1] Group 2 - From the perspective of fund holdings, one fund under Bosera Fund has a significant position in Perfect World, with the Bosera CSI 500 Enhanced ETF (159678) increasing its holdings by 5,600 shares in the third quarter, totaling 47,900 shares, which accounts for 1.25% of the fund's net value, ranking as the fourth-largest holding [2] - The Bosera CSI 500 Enhanced ETF (159678) was established on February 13, 2023, with a latest scale of 73.2515 million CNY, achieving a year-to-date return of 39.94%, ranking 1134 out of 4189 in its category, and a one-year return of 36.07%, ranking 1168 out of 4188 [2]

数据显示，南方基金旗下1只基金位居完美世界十大流通股东。南方中证500ETF（510500）三季度新进 十大流通股东，持有股数1992.99万股，占流通股的比例为1.09%。根据测算，今日浮盈赚取约338.81万 元。 12月30日，完美世界涨1.04%，截至发稿，报16.46元/股，成交1.07亿元，换手率0.36%，总市值319.32 亿元。 资料显示，完美世界股份有限公司位于北京市朝阳区望京东路1号院4号楼完美世界A座，成立日期1999 年8月27日，上市日期2011年10月28日，公司主营业务涉及网络游戏的研发、发行和运营；电影的制 作、发行及衍生业务；电视剧的制作、发行及衍生业务；艺人经纪服务及相关服务业务。主营业务收入 构成为：PC端网络游戏50.18%，移动网络游戏26.23%，电视剧及短剧20.29%，游戏相关其他业务 1.85%，影视相关其他业务0.50%，其他(补充)0.48%，主机游戏0.47%。 从完美世界十大流通股东角度 截至发稿，罗文杰累计任职时间12年256天，现任基金资产总规模1702.51亿元，任职期间最佳基金回报 156.46%， 任职期间最差基金回报-47.6%。 风险提 ...