NIP Group (NIPG) Q4 2024 Earnings Call April 30, 2025 07:00 AM ET Speaker0 Good morning and good evening, ladies and gentlemen. Thank you for standing by, and welcome to NIB Group's Earnings Conference Call. At this time, all participants are in a listen only mode. We will be hosting a question and answer session after management's prepared remarks. Please note that today's event is being recorded. I'll now turn the conference over to the first speaker today, Mr. Ben Li, CFO of the company. Please go ahead, ...

上 市 公 司 计算机 2025 年 04 月 30 日 雷神科技 (872190) ——24H2 国补刺激 PC 市场复苏，关注 50 系显卡产品 及 AI 眼镜新品表现 报告原因：有业绩公布需要点评 增持（维持） | 市场数据： | 2025 年 04 月 30 日 | | --- | --- | | 收盘价（元） | 32.98 | | 一年内最高/最低（元） | 48.62/11.23 | | 市净率 | 3.8 | | 股息率%（分红/股价） | 0.30 | | 流通 A 股市值（百万元） | 3,254 | | 上证指数/深证成指 | 3,279.03/9,899.82 | | 注："股息率"以最近一年已公布分红计算 | | | 基础数据: | 2025 年 03 月 31 日 | | --- | --- | | 每股净资产（元） | 8.63 | | 资产负债率% | 51.66 | | 总股本/流通 A 股（百万） | 100/99 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： 04-30 05-31 06-30 07-31 08-31 09-30 10- ...

Core Insights - The 1922 eSports New Media Industrial Park in Jinan has transformed from a historical flour mill into a new consumption engine driven by "eSports + culture" [1][3] - The park has successfully hosted 13 official eSports events and over 70 cultural activities since its opening in 2024, attracting 270,000 participants and achieving over 28 million yuan in revenue [3][4] - Future plans include further exploration of the "eSports +" business model, integrating art and technology to enhance consumer engagement and support urban development [4] Group 1 - The 1922 eSports New Media Industrial Park combines historical architecture with modern creative elements, serving as a hub for cultural and commercial activities [3] - The park features diverse offerings such as themed dining, trendy brands, and urban camping, creating a comprehensive consumer experience [3] - The park's events have significantly boosted local hospitality and dining sectors, creating a strong consumption aggregation effect [3] Group 2 - The park includes a 1922 Smart Sports Park that integrates VR and interactive elements, attracting daily visitors for exercise [4] - Ongoing cultural and creative exhibitions, such as the first Picasso-themed art exhibition in Jinan, have become popular among younger audiences [3][4] - The park aims to continuously inject new vitality into Jinan's consumption market through the "industrial heritage + new consumption" model [4]

Financial Performance - In 2024, the company reported a net loss of 1.288 billion CNY attributed to underperforming new games and film projects, as well as inventory impairment losses [2] - In Q1 2025, the company achieved a turnaround with a revenue of 2.023 billion CNY, a 52.22% increase year-on-year [3] - The net profit attributable to shareholders in Q1 2025 was 302 million CNY, a significant increase of 1,115.29% compared to the previous year [3] - The gaming segment generated 1.418 billion CNY in revenue, benefiting from titles like "Zhu Xian World" and "DOTA2," marking a 10.37% increase year-on-year [3] - The film segment achieved 596 million CNY in revenue, a staggering 1,616.29% increase year-on-year [3] Game Development and Releases - "Zhu Xian World" was launched on December 19, 2024, and has contributed positively to Q1 2025 profits through ongoing content updates and player engagement [4] - "Persona 5: Phantom Night" has received positive feedback during its anniversary version release and is expanding into overseas markets [5][7] - "Yihuan," a key product under the company's global strategy, is in active development and is expected to launch tests in both domestic and international markets soon [8] Esports Initiatives - The company is actively developing its esports business, having successfully hosted the 2024 CS:GO World Championship in Shanghai, marking a significant milestone for esports in Asia [9] - The upcoming CS Asia Invitational 2025 is set for October 2025, aimed at further enhancing the esports ecosystem [9] Film and Television Strategy - The company has produced several successful series in 2025, including "Thousand Blossoms Bloom" and "Only This Jianghu Dream," focusing on quality over quantity [10] - The strategy includes reducing overall investment in film projects while increasing focus on short-form content to enhance viewer experience [10]

Core Viewpoint - The indefinite suspension of Uzi, a prominent League of Legends player and streamer, has sparked significant public interest, with analysts suggesting it may be a strategic move for future esports content development [1][2]. Group 1: Uzi's Suspension Announcement - Uzi announced his temporary suspension from streaming on April 28, stating he needs to take a break and will inform fans before returning [2]. - The announcement quickly gained traction on social media, with related topics reaching nearly 30 million views on Weibo by the afternoon of the same day [2]. Group 2: Background and Context - Signs of Uzi's suspension were evident as early as March, when he expressed dissatisfaction with his streaming content, describing it as "boring" and indicating he would stop streaming after his contract expired in April [4]. - Uzi, born on April 5, 1997, in Yichang, Hubei, is a well-known figure in the esports community, having represented China in the 2018 Asian Games and won a gold medal [4]. Group 3: Industry Analysis - Industry analysts highlight three main issues related to Uzi's suspension: the health and longevity of esports professionals, the unreasonable KPIs set by streaming platforms, and the potential for personal career transitions among top streamers [5]. - The esports industry is noted for its demanding physical and mental health requirements, leading to shorter career spans compared to other professions [5]. - Analysts suggest that Uzi's decision to suspend streaming may also reflect broader trends in the esports industry, where well-known players might explore cross-industry collaborations as esports gains mainstream attention [5].

Core Viewpoint - Perfect World reported a significant financial performance in 2024, with total revenue of 5.57 billion yuan and a net loss of 1.288 billion yuan, while announcing a cash dividend plan for shareholders [2][3] Financial Performance - In 2024, Perfect World achieved total revenue of 5.57 billion yuan, with a net loss attributable to shareholders of 1.288 billion yuan and a non-GAAP net loss of 1.313 billion yuan [2] - For the first quarter of 2025, the company reported revenue of 2.023 billion yuan, a year-on-year increase of 52.22%, and a net profit attributable to shareholders of 302 million yuan [2][3] Dividend Policy - Despite the losses in 2024, Perfect World plans to distribute a cash dividend of 2.3 yuan per 10 shares, totaling 437 million yuan, maintaining its annual cash dividend practice since 2015 [2] Business Segment Performance - In 2024, the gaming segment generated approximately 5.18 billion yuan, a year-on-year decline of 22.32%, while the film and television segment earned about 350 million yuan, down 66.17% [4] - The company is focusing on long-term games and reassessing its operational strategies to concentrate resources on more promising projects [4] New Product Launches - The launch of "Zhu Xian World" in December 2024 is expected to bolster revenue, contributing to a 10.37% increase in gaming revenue in Q1 2025 [5] - Perfect World is actively developing and preparing for the release of several new games, including "Zhu Xian 2" and "Yihuan" [7] E-sports and Short Video Content - Perfect World plans to host the CS Asia Invitational 2025, aiming to strengthen its e-sports ecosystem [7] - The company is also expanding into the micro-short drama market, with successful releases in 2024 and early 2025 [8]

EBA B 百 电竞后 超级观 i 很多90后可能都有这样的童年回忆: 缩在被窝里偷偷玩《逆转裁判》, 求着爸妈买PSP通关《最终幻想》, 趁家长出门偷偷开电脑打GTA和魔兽...... 时代变了，这代被游戏陪伴着长大的年轻人, 终于获得了独立自主权! 他们献给自己最好的成年礼物 , 大概就是一个能爽玩的电竞房。 年轻人的家里总有一片区域是为游戏预备的。 高端音响、无线鼠标、机械键盘要通通备齐, 不然对不起CSGO联机队友给予的厚望; 客厅电视要布置得足够大屏， 不然对不起塞尔达设计那么大的开放世界。 传统的家居空间概念被他们重塑, 最近，「后浪研究所」发起了一项 「游戏房小调查」 , 共回收问卷170份。 调查对象 性别: 男性 65.3% 女性 34.7% 年龄层: 00后 26.5% 85后 6.5% 95后 44.7% 85前 5.2% 90后 17.1% 让我们看看， 年轻人都把电竞房装点成什么样子? 在游戏空间的家居安排上 , 他们又有什么巧思? 以下，我们总结了五点「电竞房」衍变趋势。 趋势(1 体验派居多, 追求沉浸式「电竞氛围感」 =-拉勒里沙戏机 的穴+h 坏从自///VVV)工/j 何以 ...

Core Viewpoint - 2024 presents both opportunities and challenges for the gaming industry, with established companies like Perfect World needing to adapt to remain competitive [1] Financial Performance - Perfect World reported a total revenue of 5.57 billion yuan in 2024, a decline of 28.50% from 7.79 billion yuan in the previous year [3] - The company incurred a net loss of 1.29 billion yuan, compared to a profit of 491 million yuan in 2023 [3] - The gaming segment, which accounts for 93% of total revenue, generated 5.18 billion yuan, down 22.32% year-on-year [3] Dividend and Shareholder Returns - Despite the losses, Perfect World plans to distribute a cash dividend of 2.3 yuan per 10 shares, totaling 437 million yuan [3] - Since 2015, the company has distributed a cumulative total of 5.49 billion yuan in dividends, representing over 60% of cumulative net profit [3] Recent Developments - The launch of "Zhu Xian World" in December 2024 is seen as a potential turning point, contributing to a revenue of 2.02 billion yuan in Q1 2025, a 52.22% increase year-on-year [7] - The gaming business in Q1 2025 achieved a revenue of 1.42 billion yuan, up 10.37% from the previous year, attributed to the success of "Zhu Xian World" [7] Project Cancellations and Losses - Several projects were canceled due to poor expected returns, resulting in a combined loss of approximately 397 million yuan [4] - The underperformance of games like "One Punch Man: World" and "Kairi's Million Arthur: Ring" led to additional losses of about 343 million yuan [4] Future Prospects - Perfect World is focusing on new game releases, having recently received approval for two new titles, "Golden Flash Knight Group" and "Lost" [8] - The anticipated game "Yihuan" is expected to be a key player in the company's transformation, with a global pre-registration of 2.8 million [9][10] Esports Strategy - The successful hosting of the Shanghai Major in 2024 has positioned Perfect World favorably in the esports sector, contributing to stable revenue from titles like "DOTA2" and "CS:GO" [12] - The esports business model is still evolving, with event revenues making up only 8.75% of the total esports market revenue [13] Conclusion - 2025 is critical for Perfect World as it seeks to maintain its core MMO offerings while breaking into new genres [14] - The success of "Zhu Xian World" provides a boost, but sustained growth will require additional successful titles and innovative strategies [14]

行情速递 ①主板领涨， 浙大网新（+10.03%）/普天科技（+10.02%）/共达电声（+9.99%）/荣联科技 （+9.98%）/蓝黛科技（+6.95%）/ ②创业板领涨， 每日互动（+17.61%）/星星科技（+11.66%）/佳讯飞鸿（+9.62%）/天和防务 （+6.70%）/宏景科技（+5.21%）/ ③科创板领涨， 安博通（+7.99%）/芯原股份（+7.41%）/蓝特光学（+6.47%）/井松智能 （+6.40%）/青云科技-U（+5.10%）/ ④活跃子行业， SW 通信线缆及配套（+0.75%）/ 国内新闻 ① 新浪科技，华为常务董事、终端BG董事长、智能汽车解决方案BU董事长 余承东发表演讲/他正式公布了此前预热的新形态手机/命名为华为Pura X/ 定位阔折叠/他表示/华为Pura X是首款全面搭载HarmonyOS5的手机/底层 重构更流畅/采用鸿蒙内核、方舟引擎、端云协同/整机性能提升40%/接下 来/鸿蒙生态全面冲刺/主流应用鸿蒙化提供极致体验/暂未鸿蒙化的长尾应用 可通过小程序/元服务获取/ ② 旭光电子，关于召开 2024 年度业绩说明会的公告/会议召开时间为2025 年 0 ...

工程已经延迟了大半年，中间有几个月的时间不允许施工。应书岭感到焦虑。这位 80 后企业家是英 雄游戏、英雄体育 VSPO 两家公司的董事长。英雄体育占据中国电竞市场超 7 成份额，但在地产行 业，应书岭是个新人。这是他第三次从零开始做一件事。 他等了三年，才抓住机会，按自己的想法在上海市中心打造一个地标性建筑。他想在那里办更大规 模的电竞比赛，用一处开阔空间承接瞬发的人流。 2021 年初，应书岭打电话给他心目中的项目联合创始人人选，比他小十二岁的真格基金投资人关山 行："兄弟，我最近拿了一栋楼。咱们琢磨琢磨干点啥。" "全世界那么多体育活动，去看世界杯的用户体验像过节一样，你飞去那个城市看三五场比赛，它是 一个目的地消费。我希望电竞比赛也能变成那样的体验。" 他说。 开发一处商业地产不能只靠电竞比赛。不办比赛的间歇里，需要填充别的业态来挣钱。他们最终琢 磨出的方案，多少违背了行业的传统做法。 现在人们看到，这是一栋位于上海黄浦区核心地段的综合体，包含了 B 级电竞场馆、七家夜店、 live house、 喜剧剧场和一些餐厅酒吧。整幢楼摒弃了零售空间，只有娱乐和餐饮业态。 应书岭和他的 INS 新乐园。 文丨 ...