“游戏出海+AIGC”风起，游戏ETF（159869）现跌幅持续收窄

Group 1 - The gaming sector is experiencing a narrow fluctuation, with the gaming ETF (159869) showing a reduced decline. Notable gainers include Xunyou Technology, Mingchen Health, and Fuchun Co., while major decliners include Kaiying Network and Giant Network [1] - As of November 13, the gaming ETF (159869) has seen an increase of 91.1 million units in the last month, reaching a total scale of 11.441 billion yuan, providing investors with a convenient tool for investing in A-share gaming leaders [1] - The establishment of the Guangdong (Shenzhen) Game Overseas Service Center and the Shenzhen Micro-Short Drama Overseas Service Platform marks a new cultural development model in Qianhai, focusing on both gaming and short dramas for overseas expansion [1] Group 2 - According to Guosheng Securities, the gaming industry is showing significant recovery in the first three quarters of 2025, with A-share gaming sector revenue reaching 78.69 billion yuan, a year-on-year increase of 28.3% [2] - Key drivers of this growth include stable licensing policies, rapid growth in overseas revenue for gaming companies, and the deep integration of AI technology in game development, enhancing efficiency and creating new game categories [2] - The future outlook suggests that AI technology innovation, content ecosystem upgrades, and evolving commercialization models will continue to drive long-term growth in the gaming sector [2]