IP焕新、多元品类与出海发力共驱差异化增长，游戏ETF（159869）跌幅持续收窄

Group 1 - The gaming sector is experiencing pressure, with the gaming ETF (159869) slightly declining by nearly 1% as of December 11, 2023, while some stocks like Giant Network and Light Media are performing well [1] - The gaming ETF (159869) has attracted significant investment, accumulating 229 million yuan over the past five trading days, and its total scale reached 11.611 billion yuan as of December 10, 2023 [1] Group 2 - According to Sensor Tower, leading mobile games are capitalizing on key holiday windows such as Halloween and Thanksgiving to boost player spending, resulting in sustained revenue growth [2] - DotDot Interactive's games, Whiteout Survival and Kingshot, topped the overseas mobile game revenue rankings in November, driven by holiday events [2] - Huatai Securities reports that the Chinese gaming market showed resilience in the first three quarters of 2025, with total revenue reaching 256 billion yuan, a year-on-year increase of 7.11% [3] - Major companies like Century Huatong, Giant Network, and X.D. Network are achieving high growth in revenue and net profit through blockbuster new games [3] - The gaming industry is expected to see a coexistence of "stronger becoming stronger" and "niche breakthroughs," with major players focusing on high-value segments like open-world and simulation games [3] - The gaming ETF (159869) tracks the performance of A-share listed companies in the animation and gaming industry, presenting investment opportunities [3]