Company and Industry Summary Company Overview - The company is focused on the SLG (Simulation Game) sector, with a critical breakthrough expected in 2026, particularly with the game code-named H, which is currently undergoing small-scale testing on Google Play. The overall data is positive, and one product is expected to be launched in the first half of 2026 [2][3]. Core Insights and Arguments - The existing business is facing natural decline pressures, with revenue from older games expected to decrease by approximately 20% year-on-year. However, the decline is anticipated to narrow in 2026, with growth primarily dependent on the success of new products [2][3]. - A new round of equity incentives will be implemented in the second half of 2025, focusing on the core game development team, which is expected to significantly enhance team motivation and management's commitment to SLG development [2][4]. - The company is adopting a "small steps, quick runs" strategy for mini-program games, with the game "Demon Lord" achieving a monthly revenue peak of 30 million yuan and profitability. Multiple products are in reserve to complement overseas SLG business [2][7]. - The company is deepening its AI and Web3 strategies, planning to promote AI engine collaboration through a sister company in 2026. As an early shareholder of Animoca with approximately 10% ownership, the company aims to leverage Web3 resources for growth [2][4]. Financial and Operational Challenges - In January 2026, the company announced a shift from profit to loss, primarily due to a write-down of 150 to 250 million yuan on its long-term equity investment in Webzen, attributed to declining operational forecasts and discrepancies between book value and realizable value [3][4]. - Excluding the write-down and other non-recurring losses, regular business profits also showed a decline, mainly due to the natural decay of older games [3][4]. Product Development and Launch Strategy - The company currently has four SLG products in reserve, with code-named H being the focus. This game combines mech warrior aesthetics with underwater survival concepts and is undergoing slow promotion testing on Google Play, with no domestic launch or official name announced yet [5][6]. - The plan is to concentrate resources on promoting one product at a time to avoid excessive pressure on distribution and funding, with a higher probability of successfully launching new products in 2026 compared to 2025 [6]. Mini-Program Games and Future Plans - Mini-program games are a significant product line for the company in the domestic market, complementing overseas SLG business. The company plans to continue investing in and launching products in this area, although specific timelines and product pipelines have not been disclosed [7]. Outlook on Existing Games and Collaboration with Webzen - The existing games are expected to continue their downward trend, with a projected revenue decline of about 20% in 2026, although the rate of decline may slow. Some older games have shown signs of revenue stabilization, potentially due to resource allocation from partners like Tencent [8][9]. - The write-down on Webzen was intended to mitigate risks associated with the accumulation of its book value not meeting expectations for fair value growth. As the second-largest shareholder with approximately 20% ownership, the company aims to strengthen collaboration with Webzen, particularly in exploring deeper cooperation in the "Miracle" IP and other areas [9].

证券代码：300315 证券简称：掌趣科技 公告编号：2026-005 北京掌趣科技股份有限公司 关于使用闲置自有资金进行委托理财的公告 2、投资额度 公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记 载、误导性陈述或者重大遗漏负连带责任。 北京掌趣科技股份有限公司（以下简称"公司"）于 2026 年 3 月 10 日召开 第六届董事会第六次会议，审议通过了《关于使用闲置自有资金进行委托理财的 议案》，同意公司及公司子公司使用额度不超过人民币 6 亿元或等值外币的闲置 自有资金进行委托理财，期限自董事会审议通过之日起 12 个月内有效。在上述 额度及期限内，资金可滚动使用。现将有关事项公告如下： 一、委托理财概述 1、投资目的 在不影响公司主营业务发展和正常经营的情况下，合理利用闲置自有资金， 充分提高资金使用效率及资金收益率，实现公司和股东收益最大化。 委托理财额度不超过人民币6亿元或等值外币。在期限内任一时点的交易金 额（含前述投资的收益进行再投资的相关金额）不超过该投资额度。 3、投资品种 公司进行委托理财主要用于投资及购买中低风险、中短期限、稳健型的银行、 证券公司、资产管理公司等专 ...

证券代码：300315 证券简称：掌趣科技 公告编号：2026-004 北京掌趣科技股份有限公司 第六届董事会第六次会议决议公告 公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记 载、误导性陈述或者重大遗漏负连带责任。 一、董事会会议召开情况 表决结果：同意 7 票，反对 0 票，弃权 0 票。 具体内容详见同日披露的相关公告。 1、审议通过了《关于使用闲置自有资金进行委托理财的议案》 在不影响公司主营业务发展和正常经营的情况下，为合理利用闲置自有资金， 充分提高资金使用效率及资金收益率，实现公司和股东收益最大化，公司及公司 子公司使用额度不超过人民币 6 亿元或等值外币的闲置自有资金进行委托理财， 期限自董事会审议通过之日起 12 个月内有效。在上述额度及期限内，资金可滚 动使用。 本议案已经公司第六届董事会审计委员会第三次会议审议通过。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 具体内容详见同日披露的相关公告。 2、审议通过了《关于开展外汇套期保值业务的议案》 为降低汇率波动对公司经营业绩的影响，经审慎考量，公司及公司子公司拟 与银行等金融机构开展外汇套期保值业务，业务总额度 ...

北京掌趣科技股份有限公司 关于开展外汇套期保值的可行性分析报告 一、开展外汇套期保值业务的目的 公司海外业务主要采用美元、港币等外币结算，因此当汇率出现较大波动时， 汇兑损益对公司的经营业绩会造成一定影响。为降低汇率波动对公司经营业绩的 影响，经审慎考量，公司及公司子公司拟与银行等金融机构开展外汇套期保值业 务。 二、拟开展的外汇套期保值业务概述 1、交易金额及期限 公司及公司子公司拟开展外汇套期保值业务的总额度不超过 3,300 万美元或 其他等值货币，授权期限自公司董事会审议通过之日起 12 个月内有效，上述额 度在授权期限内可循环滚动使用，但期限内任一时点的交易金额（含前述交易的 收益进行再交易的相关金额）不超过上述总额度，合约期限与基础交易期限相匹 配，公司所开展的每笔外汇套期保值业务期限不超过三年。 根据金融机构等的不同要求，外汇套期保值业务既可采用保证金交易，也可 采用无担保、无抵押的信用交易，预计动用的交易保证金和权利金在授权期限内 任一时点占用的资金余额不超过 1,000 万人民币或等值外币。 2、资金来源 公司及公司子公司开展外汇套期保值业务使用的资金仅限于公司的闲置自 有资金，即除募集资金 ...

证券代码：300315 证券简称：掌趣科技 公告编号：2026-006 北京掌趣科技股份有限公司 关于开展外汇套期保值业务的公告 公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记 载、误导性陈述或者重大遗漏负连带责任。 重要内容提示： 1、交易品种 北京掌趣科技股份有限公司（以下简称"公司"）拟开展的外汇套期保值业务 只限于从事与公司生产经营业务所使用的结算货币相关的币种，主要外币币种包 括美元、港币等跟实际业务相关的币种，主要进行的外汇套期保值业务品种包括 远期结售汇、外汇互换、外汇期货、外汇期权业务及其他外汇衍生产品等业务。 2、交易额度 根据公司业务需求情况，公司及公司子公司开展的外汇套期保值业务总额度 不超过本金 3,300 万美元或其他等值货币，授权期限自公司董事会审议通过之日 起 12 个月内有效，上述额度在授权期限内可循环滚动使用，但授权期限内任一 时点的交易金额（含前述交易的收益进行再交易的相关金额）不超过上述总额度。 根据金融机构等的不同要求，外汇套期保值业务既可采用保证金交易，也可采用 无担保、无抵押的信用交易，预计动用的交易保证金和权利金在授权期限内任一 时点占用的资金 ...

Group 1 - The core transaction involved 305,000 shares of Zhangqu Technology, with a total transaction value of 2.013 million yuan, representing 0.32% of the total trading volume on that day [1] - The transaction price was 6.60 yuan per share, which is a premium of 13.21% compared to the market closing price of 5.83 yuan [1] - The transaction took place on February 25, 2026, with the buyer being Zheshang Securities Co., Ltd. and the seller being Dongya Qianhai Securities Co., Ltd. [2]

Group 1 - The gaming concept stocks have declined, with Light Media falling over 10%, Perfect World down over 4%, and companies like Kaiying Network, G-bits, and Changchun Technology dropping over 2% [1] - The gaming-related ETFs have also seen a decrease of approximately 3% [1] Group 2 - Some brokerages indicate that the global gaming market is currently in an upward cycle, with long-term optimistic growth expected in terms of revenue and player numbers [2] - The strong generative capabilities of DeepSeek may significantly enhance game development efficiency, creating more user-demanded virtual characters, maps, and storylines, thereby enriching gameplay and fostering paid scenarios [2]

Group 1 - The core viewpoint of the news is that Changyou Technology's stock price has experienced fluctuations, with a recent closing price of 6.31 yuan, reflecting a decline of 2.92% [1] - On June 28, 2023, Changyou Technology's stock price reached a peak of 8.30 yuan, marking the highest point since October 2020 [2] - A research report from Zhongyou Securities on July 4, 2023, rated Changyou Technology as "buy," highlighting its potential in creating an AI + UGC gaming creation platform and indicating that profitability is entering an upward channel [2]

Group 1 - On February 6, 2026, Zhangqu Technology executed a block trade of 720,000 shares, with a transaction value of 4.7376 million yuan, accounting for 0.67% of the total trading volume for the day [1] - The transaction price was 6.58 yuan per share, representing a premium of 13.06% compared to the market closing price of 5.82 yuan [1]

Group 1 - On February 3, Zhangqu Technology's stock rose by 6.09%, with a trading volume of 1.449 billion yuan [1] - The company had a net financing buy of -10.26 million yuan on the same day, with a total financing and securities balance of 1.325 billion yuan [1] - The financing balance of Zhangqu Technology reached 1.319 billion yuan, accounting for 7.98% of its market capitalization, indicating a high level compared to the past year [1] Group 2 - As of September 30, the number of shareholders of Zhangqu Technology decreased by 12.66% to 172,600, while the average circulating shares per person increased by 14.50% to 14,969 shares [2] - For the period from January to September 2025, the company reported a revenue of 534 million yuan, a year-on-year decrease of 17.88%, and a net profit attributable to shareholders of 76.56 million yuan, down 60.93% year-on-year [2] - Since its A-share listing, Zhangqu Technology has distributed a total of 249 million yuan in dividends, with no dividends paid in the last three years [2] Group 3 - As of September 30, 2025, the largest circulating shareholder of Zhangqu Technology is the Huaxia CSI Animation Game ETF, holding 78.2074 million shares, an increase of 13.3165 million shares from the previous period [3] - The Southern CSI 1000 ETF ranks as the third-largest circulating shareholder, holding 24.8886 million shares, a decrease of 267,500 shares [3] - The Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 18.4888 million shares, a decrease of 4.75882 million shares [3]