ETF日报：游戏板块未来有望迎来主题催化与基本面叠加共振上行机遇，关注游戏ETF

Market Overview - The market experienced fluctuations with mixed performance across the three major indices. The Shanghai Composite Index rose by 0.13%, while the Shenzhen Component Index and the ChiNext Index fell by 0.06% and 0.47%, respectively. The total trading volume in the Shanghai and Shenzhen markets reached 2.42 trillion yuan, an increase of 158 billion yuan compared to the previous trading day [1] Gaming Industry Insights - The gaming industry is witnessing a positive demand trend, with the number of players stabilizing at approximately 670 million. However, per capita spending is on the rise, projected to reach nearly 500 yuan in 2024, indicating a robust consumption level [2] - The overseas revenue from self-developed games is expected to reach 18.5 billion USD in 2024, marking a 13% year-on-year increase and accounting for 10% of the global gaming market. The share of mobile games in the global mobile gaming market is anticipated to grow from 22% in 2018 to 28% in 2024 [2] Policy and AI Impact - Recent policies indicate a shift in the perception of the gaming industry, recognizing it as a vital part of the digital content sector. The government aims to promote gaming and e-sports consumption while encouraging the integration of traditional Chinese culture into game design [3] - AI is becoming a significant enabler in the gaming sector, transforming interactions within games. AI is evolving from a mere tool to a co-creator of content, enhancing the gaming experience through real-time interactions with non-player characters (NPCs) [3] Future Outlook for Gaming - The gaming industry's fundamentals are improving, with AI expected to significantly empower the sector. The industry exhibits a clear growth style, characterized by high volatility and strong momentum effects. The gaming ETF (516010) is suggested for investment, as the sector may experience a combination of thematic catalysts and fundamental resonance in the future [5] Chemical Industry Analysis - The chemical sector is showing strength, with the chemical leader ETF (516220) rising by 1.68%. However, the expansion phase of the chemical industry is nearing its end, with a decline in capital expenditure due to decreasing demand and lower product prices [6][7] - The introduction of anti-involution policies is expected to curb disorderly competition within the industry. The overall market sentiment is improving, with signs of a rebound in chemical product prices as the expansion cycle reaches its bottom [9] AI's Role in Chemical Industry - AI is anticipated to inject long-term growth potential into the chemical sector, particularly in areas such as formula optimization, process enhancement, and new material development. The valuation of the chemical leader ETF (516220) is currently at a PETTM of 26.94, indicating a favorable position for future growth [10]