中信里昂发布研报称，中国国家新闻出版总署(NPPA)于7月发布134份批准，腾讯控股(00700)和网易- S(09999)均获得了多款重要游戏的审批。 报告表示，7月腾讯国内手游总收入同比下降，主要受《地下城与勇士：起源》(DNF手游)拖累。然 而，几乎所有其他知名游戏都实现了显著的同比增长。网易的手游总收入受惠于《蛋仔派对》(Eggy Party)年增70%。同时，今年夏天，射击游戏类型的人气显著上升，新发行和现有游戏都表现强劲。另 外，8月，腾讯预计推出《无畏契约手游》(Valorant Mobile)，网易预计推出《暗黑破坏神II》(Diablo II) 端游版。 ...

智通财经APP获悉，中信里昂发布研报称，中国国家新闻出版总署(NPPA)于7月发布134份批准，腾讯控 股(00700)和网易-S(09999)均获得了多款重要游戏的审批。 报告表示，7月腾讯国内手游总收入同比下降，主要受《地下城与勇士：起源》(DNF手游)拖累。然 而，几乎所有其他知名游戏都实现了显著的同比增长。网易的手游总收入受惠于《蛋仔派对》(Eggy Party)年增70%。同时，今年夏天，射击游戏类型的人气显著上升，新发行和现有游戏都表现强劲。另 外，8月，腾讯预计推出《无畏契约手游》(Valorant Mobile)，网易预计推出《暗黑破坏神 II》(Diablo II) 端游版。 ...

值得关注的是，本次回购4.01亿港元的腾讯控股，年内则进行多次回购，合计回购金额为305.61亿港 元。 【纠错】 【责任编辑:郑然 】 证券时报•数据宝统计显示，9月25日有38家香港上市公司进行了股份回购，合计回购2520.41万股，回 购金额6.82亿港元。 腾讯控股回购数量131.00万股，回购金额4.01亿港元，回购最高价为311.400港元，最低价为303.400港 元，年内累计回购金额305.61亿港元；友邦保险回购数量211.28万股，回购金额1.35亿港元，回购最高 价为65.350港元，最低价为63.250港元，年内累计回购金额199.14亿港元；小米集团-W回购数量400.00 万股，回购金额4751.72万港元，回购最高价为11.900港元，最低价为11.860港元，年内累计回购金额 8.63亿港元。 以金额进行统计，9月25日回购金额最多的是腾讯控股，回购金额为4.01亿港元；其次是友邦保险，回 购金额为1.35亿港元；回购金额居前的还有小米集团-W、ESR等。回购数量上看，9月25日回购股数最 多的是北京能源国际，当日回购量为500.00万股；其次是小米集团-W、中远海控等，回购数 ...

男频IP开发，更进一步了。 8月9日、10日连续举办两天的2025腾讯视频动漫大赏，堪称是一场巨大的"军火库展示"，在动漫市场持续保持领先地位的腾讯视频，集中发布了近百部动 漫作品，这份重磅片单可以窥见腾讯视频的野心。 一方面，持续加码制作经典男频IP，《斗罗大陆》《完美世界》《吞噬星空》等都将推出番剧续作，夯实平台在动漫赛道的优势地位； 另一方面，创新开发更多全新IP，恐怖悬疑《纸嫁衣》、女频科幻《砸锅卖铁去上学》、中式克系《深海余烬》，创新性题材作品进一步拓宽内容边界， 扩大受众覆盖面。 不过相比于常规的动漫番剧，腾讯视频迈出的更大一步是院线剧场版的开发，也就是动画大电影。 2025动漫大赏上公开的首批进行院线剧场版开发的四大IP，《剑来》《斗罗大陆》《仙逆》《斩神》均为头部男频IP，目前院线电影《剑来：十三之争》 PV已经公开，观众反馈相当不错。 毫无疑问，腾讯视频在动漫番剧的开发上已经取得了显著的成果，甚至可以说是制霸非少儿向动漫市场，成为了平台提升会员用户留存率的一张王牌，但 院线剧场版的开发确实是一个全新领域，男频动画大电影又能撑起多少票房呢？ 男频动画大电影不好拍 腾讯视频开发院线剧场版这一步走 ...

8月12日早盘，港股三大指数集体低开，恒生指数跌0.33％，国企指数跌0.34％，恒生科技指数跌 0.59%。开盘后，A股同赛道规模最大的恒生科技指数ETF（513180）跟随指数下行，持仓股中，比亚 迪电子、华虹半导体、腾讯音乐等涨幅居前，地平线机器人、金蝶国际、阿里巴巴、百度集团、快手等 跌幅居前。 港股中报季正式开幕，腾讯控股将于8月13日（周三）港股盘后发布2025年Q2业绩报告。对于本季财 报，市场主要关注游戏业务的新增长，广告业务在视频号起量下的货币化表现和展望等。光大证券在此 前发布的业绩前瞻中指出，预测腾讯控股2025Q2实现营业收入1799.3亿元（YoY+11.7%）。主要受增值 服务中游戏业务、网络广告业务保持较快增长驱动。预测公司2025Q2毛利率55.1%（YoY+1.8pcts）， 毛利润990.8亿元（YoY+15.4%），本土游戏、视频号广告等高毛利业务贡献增加；预测公司经营利润 587.2亿元，同比增长15.7%，保持降本增效趋势的同时，AI大模型投入的开支或有提升。该机构称，腾 讯控股基本面仍为宏观弱恢复背景下相对强劲的互联网平台，后续游戏产品线丰富，南向资金有望在后 续回 ...

Group 1: Market Overview - The Hong Kong stock market opened lower, with the Hang Seng Index down 0.33% at 24,824.07 points, the Hang Seng Tech Index down 0.59% at 5,427.81 points, and the National Enterprises Index down 0.34% at 8,858.01 points [1] - Major tech stocks mostly declined, with Alibaba down 1.43%, Tencent down 0.62%, and Meituan down 0.67% [1] Group 2: Company News - Crystal International Holdings (02228.HK) announced a positive earnings forecast, expecting mid-term revenue of at least RMB 500 million, a year-on-year increase of approximately 387%, and a net profit of at least RMB 50 million, marking its first half-year profit [2] - Kingdee International (00268.HK) reported mid-term revenue of RMB 3.192 billion, an increase of 11.24% year-on-year, with a net loss of RMB 97.738 million, narrowing by 55.14% due to the scaling effect of cloud subscription services and efficiency improvements from AI [2] - Master Kong Holdings (00322.HK) reported a 2.7% year-on-year decline in revenue to RMB 40.092 billion, while net profit increased by 20.5% to RMB 2.271 billion [3] - Yum China (09987.HK) reported total revenue of USD 5.768 billion, a year-on-year increase of 2.32%, with net profit rising by 1.6% to USD 507 million [3] Group 3: Institutional Insights - Dongwu Securities maintains a cautiously optimistic view on the Hong Kong stock market, suggesting it is still in an upward trend and highlighting the potential for increased southbound fund allocations [4] - China Merchants Securities notes that policy guidance supports high-dividend sectors in Hong Kong, with a shift in focus from supply-side optimization to improving supply-demand dynamics, which is beneficial for industry competition and asset prices [5] - Guotai Junan Securities anticipates limited outflow pressure on Hong Kong stocks, projecting a potential annual inflow of 1.2 trillion RMB from southbound funds to support liquidity [6]

Core Viewpoint - Credit Lyonnais has raised the target price for Tencent Holdings (00700) from HKD 645 to HKD 710, maintaining a "highly confident outperform" rating based on robust growth in gaming and advertising, as well as the success of new games [1] Group 1: Financial Projections - Tencent is expected to continue its solid growth in gaming and advertising into Q2 2025, with total revenue and adjusted EBIT projected to grow by 10.1% and 10.2% year-on-year, reaching RMB 177.3 billion and RMB 64.4 billion respectively [1] - Online gaming revenue is anticipated to rise due to strong performance from classic games, particularly "Honor of Kings" and "PUBG Mobile," along with new games like "Delta Force" and "Nikke" [1] Group 2: Advertising and Cloud Business - Tencent's advertising revenue is likely to benefit from upgrades in advertising technology, as well as growth in video accounts, mini-programs, and search business [1] - The cloud business revenue is expected to recover to double-digit growth driven by strong demand for artificial intelligence (AI) [1]

Core Viewpoint - Citi has raised the target price for Tencent Holdings (00700) from HKD 645 to HKD 710, maintaining a "highly confident outperform" rating based on robust growth in gaming and advertising, as well as the success of new games [1] Group 1: Financial Projections - Tencent is expected to continue its solid growth in gaming and advertising into Q2 2025, with total revenue and adjusted EBIT projected to increase by 10.1% and 10.2% year-on-year, reaching RMB 177.3 billion and RMB 64.4 billion respectively [1] - Online gaming revenue is anticipated to rise due to strong performance from classic games, particularly "Honor of Kings" and "PUBG Mobile," along with the success of new titles such as "Delta Force" and "Nikke" [1] Group 2: Advertising and Cloud Business - Tencent's advertising revenue is likely to benefit from upgrades in advertising technology, as well as growth in video accounts, mini-programs, and search services [1] - The cloud business revenue is expected to recover to double-digit growth driven by strong demand for artificial intelligence (AI) [1]

Wind数据显示，截至8月8日，南向资金持股数量达5320.77亿股，持仓市值超过5.6万亿港元。行业方 面，南向资金对金融、信息技术、可选消费行业持仓市值居前，分别为14326.87亿港元、11124.43亿港 元、7334.03亿港元。此外，南向资金对医疗保健行业持仓市值超5300亿港元，对通讯服务行业持仓市 值超5100亿港元。个股方面，南向资金持仓腾讯控股超过5600亿港元，持仓建设银行、中国移动、小米 集团-W、工商银行均超2000亿港元，持仓阿里巴巴-W、中国海洋石油、汇丰控股、中芯国际、美团- W、中国银行均超1100亿港元。 今年以来，南向资金持续加仓港股市场，是港股市场今年以来最大的增量资金来源。 Wind数据显示，截至8月8日，今年以来南向资金累计净流入9008亿港元，创年度净流入额历史新高， 为历史上首次突破9000亿港元。在今年以来的143个交易日中，南向资金出现净流入的交易日有121个。 近一个月，南向资金加仓金融、信息技术、医疗保健行业金额居前，净买入金额分别为522.43亿港元、 233.32亿港元、219.32亿港元。个股方面，近一个月南向资金加仓阿里巴巴-W、美团-W、建设银 ...

8月7日上榜的成交活跃股中，腾讯控股通过港股通渠道成交金额为37.78亿港元，净买入金额为4.27亿港 元，不仅如此，该股已连续11日出现成交净买入，累计净买入金额为63.71亿港元，其间股价上涨 2.72%。（数据宝） 腾讯控股获南向资金连续11天净买入，累计净买入金额为63.71亿港元，股价累计上涨2.72%。 证券时报·数据宝统计显示，8月7日港股通（包括沪市港股通及深市港股通）成交活跃股合计成交437.22 亿港元，净卖出金额为8.01亿港元。 （文章来源：证券时报网） ...