瑞雪兆丰年 世纪华通积极回应市场“四问”

Core Viewpoint - The company, Century Huatong, expresses confidence in the gaming industry's future, highlighting multiple favorable developments and opportunities in the sector [4][7]. Group 1: Product Operations and New Product Incubation - The company's main SLG products, "Whiteout Survival" and "Endless Winter," are performing steadily, while another product, "Kingshot," is in a rapid growth phase. The company has sufficient resource reserves and does not face concerns regarding resource allocation [3][6]. - The subsidiary, Diandian Interactive, employs a "horse racing" mechanism for new product incubation, leveraging mature R&D capabilities and extensive user acquisition experience to enhance its new product development capacity [3][6]. - The company aims to create a second growth track beyond SLG by diversifying into casual subcategories, utilizing differentiated designs to avoid direct competition with market hits [3][6]. Group 2: Business Layout and Competitive Barriers - The core competitiveness of Diandian Interactive lies in its integrated R&D and publishing model, which helps the company break revenue records in the SLG category [3][6]. - The company has established a strong risk resistance framework against the impacts of product imitation, focusing on refining its own products [3][6]. Group 3: Financial Management - The company plans to continue optimizing its financial structure and strengthening financial management in 2026 [3][6]. Group 4: Industry Outlook - The gaming industry is experiencing a convergence of favorable factors, including increased governmental support for the dual promotion of technology and culture, heightened focus among industry players, and the efficiency improvements brought by AI technology [4][7]. - The gaming sector is characterized as a supply-driven demand market, where high-quality products remain the core growth engine [4][7].