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].

Core Viewpoint - The company expects to achieve a net profit of 20 million to 30 million yuan for the year 2025, marking a turnaround from losses in the previous year, driven by growth in its gaming and advertising businesses [1] Group 1: Financial Performance - The company anticipates a net profit of 20 million to 30 million yuan for 2025, indicating a significant improvement compared to previous losses [1] - The turnaround in profitability is attributed to the growth in both gaming operations and advertising revenue [1] Group 2: Business Segments - In the gaming operations segment, the company has focused on globalizing its original IPs and expanding into overseas markets, with the mech-themed game "Star Wings" performing particularly well [1] - The advertising business has benefited from the recovery of the PC gaming market, leading to increased offline traffic and diverse mobile advertising demands, which have positively impacted revenue and profits [1]

Financial Performance - The company expects a net profit of 20 million yuan for 2025, marking a turnaround from a loss of approximately 260.52 million yuan in the same period last year[5] - The net profit after deducting non-recurring gains and losses is projected to be 8 million yuan, compared to a loss of about 272.13 million yuan in the previous year[5] - The turnaround is primarily driven by growth in the gaming and advertising businesses, with a focus on global expansion of original IPs and a successful overseas performance of the mech-themed game "Star Wings"[7] Asset Provisions - The company anticipates a total asset and credit impairment provision of approximately 44.72 million yuan for 2025, following a provision of 273.43 million yuan in 2024[8] - Non-recurring gains and losses for 2025 are expected to amount to 14.45 million yuan, mainly from changes in the fair value of trading financial assets[8] Communication and Reporting - The company has communicated with the accounting firm regarding the performance forecast, and there are no discrepancies in the reported data[6] - The financial data in the performance forecast is preliminary and has not been audited, with final figures to be disclosed in the 2025 annual report[9]

Group 1 - The core viewpoint of the news is that ShengTian Network's stock price increased by 6.36% to 14.39 CNY per share, with a trading volume of 529 million CNY and a turnover rate of 9.65%, resulting in a total market capitalization of 7.058 billion CNY [1] - ShengTian Network, established on November 24, 2009, and listed on December 31, 2015, is based in Wuhan, Hubei Province, and primarily engages in the design, development, promotion of internet entertainment platforms, online advertising promotion, internet value-added services, and game joint operations [1] - The revenue composition of ShengTian Network includes 78.71% from online advertising and value-added services, 14.49% from game operations, 6.33% from IP operations, and 0.47% from other sources [1] Group 2 - Among the top ten circulating shareholders of ShengTian Network, a fund under the Fortune Fund, specifically the Fortune Enhanced Bond C (100037), increased its holdings by 1.3266 million shares in the third quarter, bringing its total to 4.2901 million shares, which accounts for 1.08% of the circulating shares [2] - The estimated floating profit from this investment is approximately 3.6895 million CNY [2] - Fortune Enhanced Bond C (100037) was established on June 10, 2009, with a latest scale of 667 million CNY, and has achieved a year-to-date return of 4.43%, ranking 210 out of 7472 in its category, and a one-year return of 21.35%, ranking 142 out of 6625 [2]