A股游戏公司三季报：AI布局成为共识，聚焦游戏ETF（159869）布局窗口

Core Insights - The majority of A-share gaming companies have reported growth in their performance for the first three quarters, primarily driven by successful game titles, while long-term product development is also crucial [1] - The integration of AI technologies has become a consensus among gaming companies, with many initiating AI-related projects and competitions to enhance their capabilities [1][2] Group 1: Company Initiatives - Century Huatong hosted the "Dragon Cup" AI competition, which concluded in August, leading to investments in winning teams and enhancing the company's resource pool [1] - Century Huatong is incorporating AI tool applications into key performance indicators (KPIs) and focusing on recruiting AI-related talent across its subsidiaries [1] - Shengqu Games is exploring the innovative integration of AI with gameplay and enhancing AI-driven operational risk management [1] Group 2: AI Development and Investments - 37 Interactive Entertainment has developed over 40 AI capabilities around its proprietary model "Xiao Qi," creating a comprehensive AI platform that supports various business functions [2] - The "Xiao Qi" model has been registered with the National Internet Information Office, making it one of the first gaming-specific large models in Guangdong Province [2] - Giant Network is also advancing in AI, having collaborated with Tsinghua University's SATLab to create an open-source multi-dialect speech synthesis model [2] - Giant Network confirmed participation in a $60 million Series B funding round for AI video generation leader Aishi Technology, further expanding its AI portfolio [2] Group 3: Market Trends - The gaming sector is experiencing multiple catalysts for transformation, including AI, content innovation, and changes in commercialization models [2] - The gaming ETF (159869) tracks the performance of A-share listed companies in the animation and gaming industry, presenting investment opportunities [2]