G-bits(SH:603444) CMS·2025-06-05 11:03Investment Rating - The report maintains a positive investment rating for the gaming sector, highlighting its valuation safety and high dividend yield [1]. Core Views - The report emphasizes the strong performance of leading companies in the media and gaming sectors, particularly noting the recent success of ST Huatuo and its games [1]. - The gaming sector is expected to continue its growth, driven by strong quarterly results from major players like Tencent, which reported over 20% growth in its gaming business [6]. - The report suggests that the gaming industry is less affected by trade tensions and economic fluctuations, indicating a stable investment environment [6]. Market Performance Overview - The media industry index rose by 1.73% in the past week, ranking fifth among all sectors, while the gaming sector has shown consistent performance with several leading companies exceeding market expectations [9][11]. - The report notes that the total market capitalization of the industry is approximately 1,708.1 billion, with a circulating market value of 1,550.8 billion [3]. Gaming Sector Highlights - The report highlights the recent launch of new games by companies like Jibite, which has seen significant early success with its titles [6]. - Jibite's new game "Wand Sword Legend" quickly reached the second position in the free game rankings and has over 2 million registered users for another title [6]. - The report also mentions the long-term stability of existing games, with consistent revenue generation from titles like "Wandao" and "Wandao Mobile" [6]. Company Performance - The report identifies several key companies to watch, including Tencent, Huatuo, Jibite, and others, which are expected to perform well in the upcoming quarters [1][6]. - The report notes that the gaming sector's institutional holdings are closely aligned with the CSI 300 index, indicating a balanced investment approach [6]. Film and Television Sector Insights - The report provides insights into the film sector, noting that the top films of the week were predominantly Chinese, with significant box office earnings [16]. - The television sector is also highlighted, with top-rated shows achieving high viewership ratings across various platforms [20][21]. Book Publishing Sector - The report mentions the best-selling books in both fiction and non-fiction categories, indicating a diverse interest in literature among consumers [32][33].