政策支持与新品亮眼表现双重驱动，游戏ETF（159869）跌幅持续收窄，聚焦游戏板块布局窗口

Core Insights - The gaming sector is experiencing a positive trend with significant growth in both revenue and profit, driven by policy support and strong product performance [1][2] Industry Summary - The gaming industry reported a revenue of 30.362 billion yuan, marking a year-on-year increase of 28.6% and a quarter-on-quarter growth of 9.48% [1] - Profit surged by 112% year-on-year to 5.777 billion yuan, with profit margins improving to 19% [1] - Over half of the companies in the sector achieved performance growth, indicating a broad-based recovery [1] - The issuance of domestic game licenses in 2025 has already surpassed the total for the previous year, providing strong momentum for continued growth [1] Investment Recommendations - Companies with rich product reserves are recommended, including Kying Network, Giant Network, G-bits, and 37 Interactive Entertainment, along with Perfect World, which has potential for performance reversal [1] - Firms with strong overseas expansion strategies, such as Shenzhou Taiyue, are highlighted for investment [1] - Companies actively engaging in AI developments, including Yaoji Technology and Zhejiang Shuju Culture, are also recommended [1] - Overall, the gaming sector is seen as having significant investment value due to favorable policies, product cycles, AI empowerment, and overseas growth opportunities [1]