机构称游戏行业整体稳健，部分龙头企业业绩较为确定

Group 1 - The gaming sector is experiencing fluctuations, with the gaming ETF (159869) dropping over 3%, indicating a potential opportunity for low-position investments [1] - As of October 29, the gaming ETF (159869) has a product scale of 11.259 billion yuan, facilitating investors to easily invest in A-share gaming leaders [1] - According to Zheshang Securities, the Chinese gaming market is expected to maintain a high level in Q3 2025, although it shows a year-on-year decline of 4.8% due to a high base [1] Group 2 - The actual sales revenue of the Chinese gaming market for July to September 2025 was 88.026 billion yuan, reflecting a quarter-on-quarter growth of 6.96% and a year-on-year decline of 4.08%, both exceeding market expectations [1] - The report indicates that despite being a traditional off-season, the number of blockbuster games in 2025 is expected to significantly increase compared to 2024, leading to a slight quarter-on-quarter decline but a year-on-year increase in market scale [1] - The gaming sector is undergoing transformations driven by AI, content, and commercialization models, with the gaming ETF (159869) tracking the performance of A-share listed companies in the animation and gaming industry [2]