传媒：6月游戏版号发布，国内新游戏表现优异

Investment Rating - The report maintains an investment rating of "Leading the Market" for the gaming industry, indicating an expected investment return exceeding 10% over the next six months compared to the CSI 300 Index [1]. Core Insights - The issuance of 104 new mobile game licenses in June marks a significant recovery, with the total number of approved domestic online game licenses reaching 628 for the year [1]. - The gaming market is experiencing a resurgence, with major companies releasing significant titles, leading to a potential explosion in new game releases during the summer season [1]. - Chinese gaming companies are performing well, with 40 companies entering the global mobile game publisher revenue TOP 100, collectively generating $2.11 billion, accounting for 39.7% of the total revenue [1]. Summary by Sections Industry Performance - The number of approved games in June has returned to over 100 per batch, with some games taking only six months from copyright registration to obtaining a license [1]. - The revenue from Tencent's mobile game "Dungeon & Fighter: Origin" has surpassed the combined revenue of "Honor of Kings" and "Peacekeeper Elite" in the domestic iOS market by the end of May [1]. Market Trends - The gaming industry is entering a competitive phase for the summer season, driven by both domestic and international market dynamics [1]. - The report highlights the importance of technological advancements, particularly in AI, game engines, and virtual reality, as key drivers for productivity improvements in the gaming sector [1]. Investment Recommendations - The report suggests focusing on companies such as Yaoji Technology, Tencent Holdings, and others, as the continuous issuance of game licenses is expected to invigorate the gaming ecosystem [1].