Xin Lang Cai Jing·2025-12-22 03:25Core Insights - The 2025 China Game Industry Conference held in Shanghai revealed that the Chinese game industry is experiencing steady growth, with core data reaching historical highs [1] Industry Overview - The domestic game market's actual sales revenue is expected to reach 350.79 billion yuan in 2025, representing a year-on-year growth of 7.68% [1] - The user base is projected to increase to 683 million, reflecting a year-on-year growth of 1.35% [1] Market Performance - First Capital Securities anticipates that the gaming industry will likely maintain a high prosperity status, driven by the launch of key new products and the continued contribution of multi-platform connectivity [1] - Seasonal activities are expected to boost user engagement and Average Revenue Per User (ARPU), with the mobile segment likely to recover on a month-on-month basis while the client segment remains strong [1] - Game stocks have shown robust performance this year, with an average increase of 44.36% as of December 19 [1] - Three game stocks have doubled in value this year: Giant Network, Century Huatong, and 37 Interactive Entertainment [1]