以上内容基于公开资料整理，不构成投资建议。 经济观察网盛天网络（300494）计划于2026年上半年上线格斗类游戏《真.三国无双天下》，作为游戏 业务全球化布局的一部分。公司旗下"随乐游"云游戏平台将接入小鹏天玑AIOS6.0系统，预计未来上线 小鹏汽车车型。截至2026年1月30日，公司已累计回购股份329.09万股，占总股本0.67%，并表示将在回 购期限内继续推进该计划。公司正加速AI多模态产品商业化，并推动海外市场布局，包括Web端AI产品 流水增长测试及全球赛事体系拓展。 ...

Group 1 - The article discusses the growing trend of AI-generated video content across various industries, highlighting companies leveraging AI technology to enhance content creation and distribution efficiency [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19][20][21][22][23][24][25][26][27][28][29][30][31][32][33][34][35][36][37][38][39][40][41][42][43][44][45][46][47][48][49][50][51][52][53][54][55][56][57][58][59][60][61] Group 2 - Companies like 中文在线 and 捷成股份 are utilizing AI to transform scripts and text into video content, thereby reducing production barriers and enhancing IP monetization [1][2] - 万兴科技 and 流金科技 are focusing on AI video generation tools to support various sectors, including e-commerce and broadcasting, indicating a shift towards integrating AI in traditional industries [4][5] - The article emphasizes the potential for significant revenue growth as demand for AI-generated video content surges, with companies like 当虹科技 and 昆仑万维 already seeing rapid growth in their AI-related product revenues [9][10][11]

经济观察报 记者 任晓宁 1月30日，等着看年会线上演出的沐瞳科技员工小决（化名）开场便收到惊喜。公司CEO宣布，给每位员工发一条5克黄金手链作为全员奖。按照当天1685 元/克的首饰金价格，这条手链价值8425元。 不止是沐瞳科技，据经济观察报不完全统计，今年已经有22家游戏公司把黄金当成年终奖励。 游戏公司发黄金背后，是行业整体回暖。2025年中国游戏市场收入3507.89亿元,同比增长7.68%;用户规模6.83亿，同比增长1.35%，两项数据均创历史新高。 多家游戏上市公司在2025年度业绩预告中宣布扭亏为盈。 要发就发硬通货 一家上海游戏公司的HR告诉记者，年会发黄金是老板的决定。之前他们年会以数码产品为主，比如显卡、电脑、手机三件套，或是游戏机、无人机、耳机 等，从未发过黄金。 黄金在2025年受到游戏公司青睐，与金价暴涨走势有关。2025年黄金价格屡次刷新历史纪录，成为全民疯抢的理财产品。在这种环境下发黄金，能给员工提 供一种额外的情绪价值。 还有一家二次元游戏公司蛮啾，今年年会奖品全是黄金，其年会海报上写着"黄金，很多黄金，全是黄金""别的不送，就送黄金"，年会奖品最多发15克、最 低3克。 ...

Core Viewpoint - The company, ShengTian Network, has announced a share buyback plan and positive profit forecasts for 2025, indicating a turnaround from previous losses [2][4]. Group 1: Share Buyback - ShengTian Network has repurchased a total of 3.2909 million shares, accounting for 0.67% of the total share capital, with a total transaction amount of approximately 35.9972 million yuan, nearing the lower limit of the buyback plan [2][3]. - The buyback was conducted at a maximum price of 13.27 yuan per share and a minimum price of 9.52 yuan per share, both below the previously set upper limit of 20 yuan per share [3]. Group 2: Financial Performance - The company forecasts a net profit attributable to shareholders of 20 million to 30 million yuan for 2025, marking a significant turnaround from a loss of 261 million yuan in the same period last year [4]. - The growth in the company's game operation and advertising businesses has contributed to this positive outlook, with a focus on global expansion and successful overseas performance of its original IP titles [4]. Group 3: Strategic Partnerships - ShengTian Network has established a significant partnership with Xiaopeng Motors, integrating its "Sui Le You" cloud gaming platform with Xiaopeng's Tianji AIOS 6.0 system, which will be launched in Xiaopeng vehicles [4]. - This collaboration represents the first instance of an active service cockpit integrating a high-quality cloud gaming ecosystem, enhancing the evolution of smart cars into mobile living spaces [4].

Group 1 - Shunwang Technology increased by over 12% [1] - Xunyou Technology rose by over 7% [1] - Other stocks such as Zhejiang Shuju Culture, Perfect World, Zhangqu Technology, Shenzhou Taiyue, Shengtian Network, and Fuchun Co. also experienced gains [1]

Market Overview - The gaming sector increased by 3.25% on February 3, with Shunwang Technology leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Individual Stock Performance - Shunwang Technology (300113) closed at 27.88, up 13.80%, with a trading volume of 1.18 million shares and a transaction value of 3.22 billion [1] - Xunyou Technology (300467) closed at 34.39, up 9.56%, with a trading volume of 109,800 shares and a transaction value of 372 million [1] - ZheShu Culture (600633) closed at 16.10, up 6.20%, with a trading volume of 763,500 shares and a transaction value of 1.22 billion [1] - Other notable performers include Yuqu Technology (300315) up 6.09%, Kunlun Wanwei (300418) up 6.02%, and Perfect World (002624) up 5.57% [1] Fund Flow Analysis - The gaming sector experienced a net outflow of 603 million from institutional investors, while retail investors saw a net inflow of 1.03 billion [2] - Major stocks like Shunwang Technology had a net inflow of 159 million from institutional investors, but a net outflow of 91.83 million from speculative funds [3] - Other stocks like Kunlun Wanwei and Xunyou Technology also showed mixed fund flows, with varying levels of net inflows and outflows from different investor types [3] ETF Performance - The Gaming ETF (159869) tracking the China Animation and Gaming Index saw a decline of 1.97% over the past five days, with a current P/E ratio of 41.24 [5] - The Food and Beverage ETF (515170) increased by 2.42% over the past five days, with a P/E ratio of 20.04 [5]

Core Viewpoint - The article discusses rumors regarding potential tax rate adjustments for the financial and internet value-added services sectors, particularly gaming, which led to a decline in stock prices for major internet companies like Tencent. However, industry insiders have largely dismissed these rumors as unfounded and lacking credibility [1][6][7]. Group 1: Market Reactions - On February 3, market rumors about tax rate adjustments caused a significant drop in the A-share gaming sector, with Century Huatong's stock falling over 9%, and other major gaming stocks like Kaixin Network and Giant Network also experiencing declines [1]. - Despite the initial drop, gaming stocks rebounded later, with Shunwang Technology rising by 14.65% and other companies like Xunyou Technology and Zhejiang Shuju Culture seeing increases of over 5% [1][2]. Group 2: Tax Rate Rumors - The rumors suggested that the gaming tax rate might align with the 32% rate applied to liquor, which is a consumption tax, while gaming services are subject to a value-added tax (VAT) of 6% [6][7]. - Industry experts confirmed that there has been no official communication regarding tax rate changes, and the credibility of the rumors is considered low [6][7]. Group 3: Tax Policy Context - The current VAT law, effective from January 1, 2026, specifies three tax rates: 13%, 9%, and 6%, with financial and modern services, including gaming, falling under the 6% category [7]. - Recent adjustments in tax rates have only affected basic telecommunications services, and any changes to the tax structure would require rigorous legislative or administrative processes [7]. - The prevailing policy focus is on stabilizing growth and supporting innovation, making significant tax increases on key industries unlikely [7].

Group 1 - The AI social platform Moltbook has gained significant popularity overseas, featuring 1.5 million AI agents engaging in discussions across thousands of forums, mimicking human social patterns [1][3] - Tencent's AI platform Yuanbao launched a cash red envelope activity on February 1, leading to a surge in downloads, topping the iPhone app rankings on the same day [2][3] - The advancements in large model reasoning and multi-modal capabilities indicate a strong foundation for human-like interactions in AI social platforms, suggesting a pathway from niche applications to broader social engagement [1][3] Group 2 - Google announced the public testing of its world model Genie3, allowing users to create real-time interactive virtual worlds through natural language dialogue, enhancing game development accessibility [4] - The launch of Taptap Maker by Xindong Company enables game creators to develop games directly within a chat interface, significantly lowering the barriers to game development [4] - The gaming sector is expected to benefit from AI advancements, with recommendations to focus on companies with strong platform attributes, including Xindong Company and others [4]

证券代码：300494 证券简称：盛天网络 公告编号：2026-003 湖北盛天网络技术股份有限公司 二、其他事项说明 公司回购股份的时间、回购股份的数量、回购股份价格及集中竞价交易的委托时 段均符合《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等法律法规 的相关规定： 1.公司未在下列期间内回购公司股份： 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 湖北盛天网络技术股份有限公司（以下简称"公司"）于 2025 年 4 月 7 日召开 第五届董事会第七次会议，审议通过了《关于回购公司股份方案的议案》，公司拟使 用自有或自筹资金以集中竞价交易方式回购公司部分社会公众股股份。本次回购价格 的上限为人民币 20 元/股，本次用于回购的资金总额不低于人民币 3,500 万元且不超 过人民币 5,000 万元（均含本数），本次具体回购资金总额以实际使用的资金总额为 准。本次回购股份的用途为实施股权激励或员工持股计划，若公司未能在股份回购完 成后的 36 个月内用于上述用途，未使用部分将予以注销。具体内容详见于公司于 2025 ...

Investment Rating - The report maintains a "Positive" investment rating for the gaming industry [7]. Core Insights - Google's experimental research prototype, Project Genie, and TapTap's AI game creation agent are expected to reshape the game development chain and build a new content ecosystem. The integration of AI is anticipated to enhance the gaming industry significantly [2][4]. - The core competitive advantages in the gaming industry remain IP, quality content, gameplay innovation, and platform capabilities. Companies that actively embrace AI and possess mature game development capabilities are viewed positively [2][4]. - The gaming sector is expected to experience a strong product cycle and performance certainty through 2026, with a focus on investment opportunities in the gaming sector [2][4]. Summary by Sections Event Description - Google has officially launched Project Genie, an experimental research prototype powered by Genie 3, which allows users to create and explore interactive 3D environments based on text prompts or uploaded images. This technology represents a significant breakthrough in AI world simulation [9]. - TapTap has introduced the AI game creation agent "TapTap Manufacturing," which aims to lower the technical barriers for game creation, promoting a "zero-threshold creation" era. This product allows creators to develop and launch games through natural language dialogue without leaving the chat interface [9]. Investment Recommendations - The report expresses optimism about the long-term empowerment of the gaming industry by AI, with a focus on new game releases and industry catalysts. The gaming sector's product cycle and performance certainty through 2026 are expected to remain strong, highlighting investment opportunities in companies such as Giant Network, Kaixin Network, Perfect World, and Tencent [2][9].