Summary of ShengTian Network Conference Call Company Overview - ShengTian Network's core business includes three main segments: platform, gaming, and social [2][4] - The company was established in 2006 and went public in 2015, transitioning from PC internet to mobile internet [3] Key Business Segments Platform Business - The platform business is primarily driven by the leading market share of the online gaming platform "Yi Le You," which holds approximately 30% market share in the internet café sector [6][8] - The company is expanding into esports hotels and other scenarios, benefiting from the recovery of the PC gaming market and the resurgence of internet cafés [2][8] Gaming Business - The gaming segment includes IP operation, mobile game development, and PC game development [4][9] - The company expects significant growth in 2025 due to the launch of new games and the recovery of existing titles like "Three Kingdoms Strategy Edition" [2][9] - Collaborations with established companies like Koei Tecmo for classic IPs are crucial for maintaining long-term operations [10] Social Business - The social segment includes gaming social platforms and AI music products, with "Ge Mai" being a leading AI music application [2][15][16] - The gaming social platform "Dai Dai Esports" enhances personalized gaming experiences through AI innovations [16] Financial Performance - Revenue has slightly declined over the past two years due to a lack of major new IP launches and a decrease in revenue from key products [6] - However, the company is expected to return to growth in 2025, driven by the recovery of game revenues and the increasing contribution from esports and social products [6][7] Future Growth Drivers - The company is actively pursuing an overseas expansion strategy, particularly in the gaming sector [9] - The introduction of new games and the integration of AI technologies in social applications are anticipated to create diverse revenue streams [17][18] Industry Position and Trends - ShengTian Network is positioned to benefit from the overall industry recovery and technological advancements, with stable growth expected across its three main business segments [19] - The company aims to maintain and enhance its leading position in the gaming and AI application sectors [19]

（编辑 王雪儿） 证券日报网讯 盛天网络9月10日在互动平台回答投资者提问时表示，公司积极推进出海战略，通过技术 持续赋能内容，探索泛娱乐出海。公司基于VRACE AI平台提供的多模态AI技术，赋能公司旗下各泛娱 乐应用的玩法创新，加速AI工具在游戏、社交场景中的商业化验证，深度挖掘海外市场用户的本地化 需求，重点突破泛娱乐领域的全球化场景应用。公司目前正在开发一款AI社交出海产品，预计在今年 正式进入海外市场。 ...

Core Insights - The company is actively promoting its AI strategy and increasing investment in the construction of AI model layers and infrastructure layers [2] - The self-developed VRACE AI platform consists of three core clusters: Dunhuang AI, Bayin AI, and Xingyun AI, focusing on art, voice, and text generation, respectively [2] - The company has achieved multi-modal data processing capabilities [2] - Currently, the company does not have a direct layout in the data collection field but plans to monitor developments in related areas in the future [2]

（文章来源：每日经济新闻） 每经AI快讯，9月10日，游戏概念股震荡拉升，星辉娱乐涨近10%，巨人网络涨超7%，昆仑万维、完美 世界、盛天网络跟涨。 ...

Company Overview - ShengTian Network, established on November 24, 2009, and listed on December 31, 2015, is located in Wuhan, Hubei Province, China. The company specializes in the design, development, promotion of internet entertainment platforms, online advertising, internet value-added services, and game joint operations [1]. - The company's revenue composition includes 78.71% from advertising and value-added services, 14.49% from game operations, 6.33% from IP operations, and 0.47% from other sources [1]. Financial Performance - For the first half of 2025, ShengTian Network reported a revenue of 633 million yuan, representing a year-on-year growth of 17.23%. The net profit attributable to shareholders was 52.30 million yuan, showing a significant increase of 1186.02% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 120 million yuan in dividends, with 40.23 million yuan distributed over the past three years [3]. Stock Market Activity - As of September 5, the stock price of ShengTian Network increased by 2.28%, reaching 13.91 yuan per share, with a trading volume of 165 million yuan and a turnover rate of 3.02%. The total market capitalization stands at 6.823 billion yuan [1]. - Year-to-date, the stock price has risen by 23.75%, but it has seen a decline of 7.88% over the last five trading days and a decrease of 3.40% over the past 20 days [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 54,600, with an average of 7,297 shares held per shareholder, a decrease of 2.23% from the previous period [2]. - The top ten circulating shareholders include notable funds such as HuaAn Media Internet Mixed A and HuaXia ZhongZheng Animation Game ETF, with significant increases in their holdings [4].

Group 1 - The company is actively promoting innovation and development in smart cockpit scenarios [1] - The company has established partnerships with multiple well-known new energy vehicle brands [1] - The company aims to explore high-quality cooperation opportunities to expand the entertainment experience of smart cockpits across a wider range of travel scenarios and user groups [1]

Group 1 - The company, ShengTian Network, has confirmed that its applications support multiple operating systems including iOS, Android, and HarmonyOS [1] - The applications are available on major app stores, allowing users to conveniently download and use them based on their needs [1]

Group 1 - The company, ShengTian Network (300494.SZ), currently does not have any VPN-related business activities [1]

Group 1 - The company is currently exploring, testing, and optimizing its intelligent customer service function, which is primarily aimed at serving users within its own business scenarios [1] - Future plans include providing services through online channels such as in-app customer service windows and official website customer service entrances, with no current plans to launch physical customer service robots [1]

Group 1 - The core viewpoint of the news is that ShengTian Network's stock has experienced a decline of 5.01%, with a current price of 13.83 CNY per share and a total market capitalization of 6.784 billion CNY [1] - ShengTian Network, established on November 24, 2009, and listed on December 31, 2015, operates in the internet entertainment platform sector, focusing on design, development, promotion, and related advertising and value-added services [1] - The company's revenue composition is as follows: advertising and value-added services account for 78.71%, game operations for 14.49%, IP operations for 6.33%, and other services for 0.47% [1] Group 2 - From the perspective of fund holdings, Tongtai Fund has a significant position in ShengTian Network, with its Tongtai Huili Mixed A Fund holding 310,500 shares, representing 5.54% of the fund's net value [2] - The Tongtai Huili Mixed A Fund, established on July 3, 2020, has a current scale of 29.8397 million CNY and has achieved a year-to-date return of 14.57% [2] - The fund's performance over the past year shows a return of 35.73%, ranking 3997 out of 7971 in its category, and since inception, it has returned 44.52% [2] Group 3 - The fund managers of Tongtai Huili Mixed A are Chen Zongchao and Mai Jianpei, with Chen having a tenure of 4 years and 39 days and a total asset scale of 315 million CNY [3] - During Chen's tenure, the best fund return was 15.4%, while the worst was -21.4% [3] - Mai Jianpei has been in the role for 114 days, managing assets totaling 161 million CNY, with a best return of 40.5% and a worst return of 8.55% during his tenure [3]