Ge Long Hui·2025-10-30 05:41Core Viewpoint - Dongwu Securities report indicates that Shenzhou Taiyue achieved a net profit attributable to shareholders of 210 million yuan in Q3 2025, representing a year-on-year decline of 53.6% and a quarter-on-quarter decline of 20.6%, aligning with market expectations [1] Group 1: Gaming Business - The existing games are performing steadily, with attention on the progress of new game launches [1] - The revenue from existing games is expected to stabilize, with the decline in revenue narrowing quarter-on-quarter in Q3 2025 [1] - New games "Stellar Sanctuary" and "Next Agers" were launched in overseas markets in early 2025 and are currently in the testing and adjustment phase, having received domestic game licenses [1] Group 2: Computer Business - The company is advancing productization and internationalization, with a focus on the implementation of avavox [1] - The ICT operational business contributed incremental revenue in Q3 2025 [1] - The company continues to promote the commercialization and implementation of AI technology across various business sectors [1] Group 3: Future Outlook - The company is optimistic about the performance elasticity following the launch of new games and the potential of its AI business, maintaining a "buy" rating [1]