证券代码：300494 证券简称：盛天网络 公告编号：2025-023 湖北盛天网络技术股份有限公司 关于举办2024年年报暨2025年一季报业绩交流会的 公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 湖北盛天网络技术股份有限公司（以下简称"公司"）已于 2025 年 4 月 28 日在巨潮资讯网上披露了《2024 年年度报告》及《2025 年第一季度报告》。 为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司 定于 2025 年 05 月 06 日（星期二）15:00-16:00 在"价值在线"（www.ir- online.cn）举办湖北盛天网络技术股份有限公司 2024 年年报暨 2025 年一季报 业绩交流会，与投资者进行沟通和交流，广泛听取投资者的意见和建议。 会议召开时间：2025 年 05 月 06 日（星期二）15:00-16:00 会议召开方式：视频直播+网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 05 月 0 ...

Summary of Shunwang Technology Conference Call Company Overview - **Company**: Shunwang Technology - **Industry**: Gaming and Edge Computing Key Points Financial Performance - In Q3 2024, Shunwang Technology achieved its highest revenue and profit, reaching 589 million yuan and 116.7 million yuan respectively, benefiting from revenue recognition from the ChinaJoy exhibition [2][4] - Year-over-year revenue and profit growth for 2024 was 28% and 49% respectively, with Q1 2025 showing further growth of 40% in revenue and 37% in net profit [3][4] Market Trends - The PC gaming market is experiencing a revival, with a 19% year-over-year growth in January 2025, positively impacting Shunwang's advertising, value-added, and exhibition businesses [2][6] - The trend of multi-platform coverage in gaming is beneficial for Shunwang, enhancing its advertising and value-added services [6] Gaming Business Developments - Shunwang's subsidiary, Floating Cloud Technology, has partnered with Bilibili to launch the game "Three Kingdoms: Strategize the World," which, despite limited revenue, has increased industry visibility [2][8] - New game projects are expected to be incubated and launched in the summer of 2025 [8] Edge Computing Expansion - As of the end of 2024, Shunwang has over 300 edge computing data centers and more than 700,000 service terminals, marking a 21.1% year-over-year growth [2][10] - The company is expanding its edge computing capabilities to support the growing demand in the esports sector and advancements in AI technology [10] AI and Healthcare Initiatives - Shunwang is expanding into AI and healthcare by investing in Zhejiang Smart Network Medical Hospital Management Co., focusing on personal cloud brain user needs [2][11] - The company aims for breakthrough growth through the integration of edge computing and AI technologies [11] Exhibition Business Plans - Shunwang is expanding its exhibition business, planning to showcase new trends and products at the ChinaJoy exhibition from August 1 to 4, 2025 [2][9] - The company is preparing to introduce new activities and products, including robotics and creative products, to attract younger consumers [9][19] Cloud Computing and Cost Reduction - The adoption of cloud computing solutions is helping internet cafes reduce hardware upgrade costs, with a flexible pricing model based on computing power usage [12][26] - Cloud computing is being utilized in esports venues and high-end internet cafes to maintain competitive advantages while minimizing costs [27] Future Outlook - Shunwang is optimistic about its future growth prospects, particularly in esports, internet advertising, and value-added services [2][7] - The company is well-positioned to capitalize on the ongoing trends in the gaming industry and the increasing demand for edge computing and AI solutions [7][11] AI Agent Development - Shunwang has been updating its AI agent technologies and plans to promote their widespread implementation in 2025 [21] - The Lingxi AI engine is designed to provide multi-modal AI model services, enhancing the profitability of computing-related businesses [22][23] Market Position and Strategy - Shunwang holds a 70% market share in the edge computing sector, with plans to expand further into other industries with stable computing demands [24] - The company is focused on optimizing resource allocation and enhancing advertising effectiveness through strategic partnerships with game developers [25] Additional Insights - The gaming industry is characterized by high player loyalty and long product lifecycles, which are crucial for Shunwang's advertising and value-added services [6] - The company is actively monitoring industry trends and user demands to adapt its strategies and offerings accordingly [20][28]

Core Viewpoint - The revenue growth in advertising and game publishing has led to a recovery in the performance of ShengTian Network (300494.SZ) in Q1 2025 [1] Financial Performance - In Q1 2025, the company achieved an operating revenue of 315 million yuan, a year-on-year increase of 24.16% [1] - The net profit attributable to shareholders was 25.43 million yuan, reflecting a year-on-year growth of 78.56% [1] - The net profit after deducting non-recurring items was 24 million yuan, up 143.8% year-on-year [1] - The net operating cash flow was -4.89 million yuan, an increase of 94.2% year-on-year [1] Business Segments - The main business areas include advertising value-added services and game publishing, with significant revenue growth in advertising services driving overall revenue increase [1] - The advertising business integrated various media resources, including search engines, social platforms, live streaming, short videos, vertical media platforms, and portal websites, to provide systematic marketing services, resulting in a notable rise in advertising revenue [1] - The game publishing segment saw success with the fighting game "Star Wings" and the independent game "Hero's Journey," which gained popularity among domestic and overseas players [1] Historical Financial Data - From 2020 to 2024, the company reported operating revenues of 896 million yuan, 1.22 billion yuan, 1.66 billion yuan, 1.33 billion yuan, and 1.14 billion yuan respectively [2] - The net profits attributable to shareholders during the same period were 60 million yuan, 125 million yuan, 222 million yuan, 169 million yuan, and -261 million yuan [2] - The decline in revenue and profit in 2024 was attributed to decreased game revenue, lower settlement prices, and ongoing preparations for new game releases [2] Strategic Direction - For 2025, the company aims to continue its strategic mission of "empowering scenarios with technology to make entertainment more interesting" [2] - The focus will be on leveraging opportunities brought by technological changes such as AI and virtual reality, driving content innovation and scenario expansion [2] - The company plans to build a three-dimensional development layout consisting of "application layer breakthroughs, model layer deep cultivation, and infrastructure layer consolidation" [2]

Performance Overview - In 2024, the company achieved operating revenue of 1.136 billion, a year-on-year decline of 14.56% [1] - The net profit attributable to shareholders was -261 million, and the net profit excluding non-recurring items was -272 million [1] - In Q1 2025, the company reported operating revenue of 315 million, a year-on-year increase of 24.16% [1] - The net profit attributable to shareholders for Q1 2025 was 25.43 million, a year-on-year increase of 78.56% [1] - The net profit excluding non-recurring items for Q1 2025 was 23.99 million, a year-on-year increase of 143.78% [1] Game Releases and Performance - The game "Star Wings" received positive reviews and was launched in the domestic market in Q2 2024, with a release in Japan on November 21, 2024 [2] - "Star Wings" achieved second place on both Google Play and App Store in Japan within its first month and ranked in the top two on Steam's Japanese sales chart [2] - The game "Heroic Legend" launched on Steam in Q2 2024, gaining significant attention and ranking ninth in Steam's domestic sales chart [2] - "Heroic Legend" also performed well in overseas markets, ranking in the top seven on Steam's Korean sales chart [2] - The company plans to release a DLC version for "Heroic Legend" in 2025 and will continue to develop the game for long-term operation [2] Technological Advancements - The company is rapidly iterating its product features and has seen a continuous increase in user numbers [3] - The integration of DeepSeek technology has led to breakthroughs in multi-modal models, including emotion analysis and voice recognition [3] - The launch of the "AI Astrology" feature combines astrology culture with AI technology to enhance user engagement [3] - The company is exploring AI and social interaction scenarios, aiming to develop AI virtual companions and enhance user experience [3] Strategic Partnerships - The company has partnered with NIO and Lantu Motors to explore multi-scenario entry points for cloud gaming [4] - NIO's new smart system version Banyan 3.0.0 will feature cloud gaming support from the company's platform [4] - The collaboration with Lantu Motors aims to enhance the entertainment experience in their new electric SUV [4] Revenue Forecast - The company is expected to achieve operating revenues of 1.533 billion, 1.809 billion, and 1.990 billion for the years 2025 to 2027, respectively [4] - The net profit attributable to shareholders is projected to be 141 million, 166 million, and 192 million for the same period [4] - Corresponding price-to-earnings ratios are estimated at 37, 32, and 27 times [4]

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - As the long holiday approaches, the futures index maintains a volatile pattern. The total trading volume of futures indices declined on April 28, indicating a decrease in investors' trading enthusiasm. The A - share market closed lower overall, with a decline in trading volume compared to the previous day [1][2][6] 3. Summary by Relevant Content 3.1 Futures Index Data - **Price and Change**: On April 28, the closing prices of the four major futures indices' current - month contracts showed mixed trends. IF fell 0.21%, IH rose 0.08%, IC fell 0.53%, and IM fell 0.95%. The underlying indices such as CSI 300, SSE 50, CSI 500, and CSI 1000 also had different changes, with CSI 300 down 0.14%, SSE 50 up 0.09%, CSI 500 down 0.51%, and CSI 1000 down 1.05% [1] - **Trading Volume and Open Interest**: The total trading volume of IF decreased by 13,541 lots, IH by 7,492 lots, IC by 12,934 lots, and IM by 38,222 lots. The total open interest of IF decreased by 1,592 lots, IH by 3,111 lots, IC by 5,259 lots, and IM by 7,247 lots [2] - **Basis**: The basis of each futures index contract is different. For example, the basis of IF2505 is - 19.42, and that of IH2505 is - 5.83 [1] - **Long and Short Orders**: The changes in long and short orders of each contract vary. For instance, the long orders of IF2505 increased by 618, and the short orders increased by 990 [5] 3.2 Market Driving Factors - **External Market**: The S&P had a narrow five - day gain, NVIDIA fell more than 2%, NXP tumbled after - hours, Chinese concept stocks rebounded, and NIO rose more than 7%. US Treasury yields hit a nearly two - week low, the US dollar index declined, and the yen rebounded more than 1%. Bitcoin and crude oil prices also had significant fluctuations [6] - **Domestic Policy**: China will introduce measures to stabilize employment and the economy and promote high - quality development, covering aspects such as employment support, foreign trade stability, consumption promotion, investment expansion, and a stable development environment [6] 3.3 A - Share Market Performance - **Index Closing**: The Shanghai Composite Index closed down 0.2% at 3,288.41 points, the Shenzhen Component Index fell 0.62%, the ChiNext Index fell 0.65%, and other indices also showed declines. The trading volume of A - shares was 1.08 trillion yuan, down from 1.14 trillion yuan the previous day [6] - **Sector Performance**: Bank stocks strengthened again, with stocks like China Construction Bank and Industrial and Commercial Bank of China hitting record highs. PEEK material concept stocks and online game concept stocks were active, while real estate and consumer sectors performed poorly. More than 4,100 stocks in the market fell [7] - **Fund Flow**: The net outflow of main funds from the Shanghai and Shenzhen stock markets was 31.852 billion yuan. Before the holiday, investors showed strong waiting - and - seeing sentiment [7]

② 财经网，从多个独立信源处获悉/今年一季度/腾讯向字节跳动购买了价值 约20亿元的GPU算力资源/这批资源以英伟达H20卡和服务器为主/腾讯元宝 目前的更新主要使用来自字节的卡/ ① 主板领涨， 天娱数科（+10.07%）/大位科技（+10.06%）/德生科技（+10.02%）/中电鑫龙 （+10.00%）/瀛通通讯（+10.00%）/ ②创业板领涨， 盛天网络（+9.47%）/先进数通（+9.14%）/优博讯（+8.40%）/赛意信息 （+5.83%）/硕贝德（+5.81%）/ ③科创板领涨， 迅捷兴（+11.18%）/神工股份（+6.37%）/中望软件（+6.32%）/杰华特 （+5.18%）/伟测科技（+5.02%）/ ④活跃子行业， SW 教育出版（+1.58%）/ SW 游戏（+1.30%）/ SW 数字芯片设计 （+0.57%）/ 国内新闻 ① 新浪财经，触觉感知与人形机器人企业帕西尼感知科技(PaXini Tech)拿 下中国新能源汽车龙头比亚迪超亿元战略投资/其6D霍尔阵列式触觉传感技 术被重点看好/在推动具身智能快速落地与多场景智能应用有无限潜力/这是 比亚迪本年度抛出的首笔重磅股权投资/ ...

Core Insights - The company reported a significant increase in net profit for Q1 2025, with a year-on-year growth of 78.56% [1] - The revenue for Q1 2025 reached approximately 315 million yuan, marking a 24.16% increase compared to the previous year [1] - The overall revenue for the year 2024 was 1.136 billion yuan, which represented a decline of 14.56% from the previous year [1] Revenue Breakdown - The increase in revenue for Q1 2025 was primarily driven by growth in advertising and game distribution businesses [1] - The advertising revenue saw a significant boost due to the integration of various media resources, including search engines, social platforms, and live streaming platforms [1] - The company’s IP operation business experienced a notable decline in 2024, attributed to decreased game revenue and lower settlement prices [1] Game Business Performance - The company successfully launched fighting game "Star Wings" and independent game "Heroic Legend" in 2024, which gained popularity among both domestic and international players [2] - "Star Wings" has attracted significant attention from Japanese fighting game enthusiasts since the launch of its Steam login channel [2] - The company plans to leverage new technological opportunities from AIGC and virtual reality, aiming to implement an AI+ application strategy [2]

Market Performance - As of April 28, the cloud gaming sector rose by 0.62%, ranking fourth among concept sectors, with 13 stocks increasing in value, including ST Kevin which hit the daily limit, and others like Sheng Tian Network, Perfect World, and Tian Zhou Culture showing gains of 9.47%, 6.35%, and 4.85% respectively [1] - The top decliners in the sector included *ST Peng Bo, AOC Technology, and ST Zhong Qing Bao, with declines of 4.41%, 3.63%, and 3.59% respectively [1] Capital Flow - The cloud gaming sector experienced a net outflow of 265 million yuan, with 11 stocks seeing net inflows, and 5 stocks receiving over 10 million yuan in net inflows. The leading stock in net inflow was Giant Network, with a net inflow of 45.30 million yuan, followed by Sheng Tian Network, ST Huaton, and Feng Assistant [2] - The net inflow ratios for the top stocks were led by Giant Network at 7.91%, Sheng Tian Network at 7.21%, and ST Huaton at 6.17% [3] Stock Performance - The stock performance of key players in the cloud gaming sector included Giant Network with a rise of 3.40% and a turnover rate of 2.08%, Sheng Tian Network with a significant increase of 9.47% and a turnover rate of 12.05%, and ST Huaton with a modest increase of 0.86% and a turnover rate of 1.10% [3][4] - Other notable performers included ST Kevin with a rise of 5.16% and a turnover rate of 3.18%, while stocks like *ST Peng Bo and AOC Technology faced declines of 4.41% and 3.63% respectively [4]

Group 1: Market Performance - The three major indices experienced adjustments, with the Shanghai Composite Index down 0.2%, Shenzhen Component Index down 0.62%, and ChiNext down 0.65% [2] - Over 1,100 stocks rose in the two markets, with a total trading volume of approximately 1.06 trillion yuan [2] Group 2: Key Sectors and Stocks - PEEK materials saw significant gains, with New Han New Materials (301076.SZ) rising over 12% and Zhongxin Fluorine Materials (002915.SZ) up over 5% [2] - The gaming sector performed strongly, with Sheng Tian Network (300494.SZ) increasing over 9% and other companies like Youzu Network (002174.SZ) and Perfect World (002624.SZ) also rising [2] - Nuclear power concept stocks performed well, with Huayin Power (600744.SH) and Tianwo Technology (002564.SZ) both rising 10% [3] Group 3: Regulatory Developments - The National Press and Publication Administration approved 118 domestic online games in April 2025, with a total of 510 game licenses issued so far this year [2][3] - The approval of 10 new nuclear power units marks the first domestic nuclear power project approval in 2025, with an estimated total investment of around 200 billion yuan [3] Group 4: Sector Weakness - Real estate, beverage manufacturing, and white goods sectors faced significant declines, with companies like Shilianhang (002285.SZ) dropping nearly 10% [4] - The automotive and battery supply chain also weakened, with major players like BYD (002594.SZ) and CATL (300750.SZ) experiencing declines [4]

Market Overview - The A-share market experienced a decline on April 28, with the Shanghai Composite Index falling by 0.2% to 3288 points, the Shenzhen Component Index down by 0.62%, and the ChiNext Index decreasing by 0.65% [1][2] - Total trading volume for the day was 1.08 trillion yuan, a decrease of 603 billion yuan compared to the previous trading day, with over 4100 stocks declining across the market [1] Sector Performance - Strong sectors included PEEK materials and gaming, while the real estate, tourism, and food and beverage sectors faced significant declines [2][4] - Notable gainers included state-owned banks and communication services, while automotive parts and consumer electronics saw losses [3] Real Estate Sector - Real estate stocks were among the biggest losers, with companies like TeFa Service dropping over 11% and others like Wo Ai Wo Jia and Shi Lian Hang hitting the daily limit down [4][5] - Despite the current downturn, there are expectations for a new round of policy releases aimed at stabilizing the real estate market, which could lead to a recovery [4] Food and Beverage Sector - The food and beverage sector saw significant declines, with companies like Pinwo Food dropping over 13% and Bei Yin Mei hitting the daily limit down due to financial irregularities [5][6] - Other notable declines included New Dairy and Three Squirrels, both experiencing drops of over 8% [6] Nuclear Power Sector - The nuclear power sector opened strong but later declined, with companies like Tianwo Technology and Huayin Power hitting the daily limit up following the approval of new nuclear projects totaling over 200 billion yuan [7][8] Gaming Sector - The gaming sector showed strength, with companies like Sheng Tian Network and Perfect World rising significantly after the approval of 118 new domestic games [8][9] Banking Sector - The banking sector was active, with Chongqing Bank rising over 4% following comments from the People's Bank of China regarding potential monetary easing measures [10] Market Outlook - Analysts suggest that the market may enter a consolidation phase as companies report earnings and investors adjust their portfolios [11] - Future policies focusing on high-quality development are anticipated to impact market sentiment and sector performance [11]