Core Insights - The core viewpoint of the article highlights the rapid development of the digital economy in China, with significant growth in sales revenue across various sectors, particularly in digital technology applications and manufacturing digitalization efforts [1] Group 1: Digital Economy Growth - In the first 11 months of this year, the sales revenue of China's core digital economy industries increased by 10% year-on-year, outpacing the overall growth rate of national enterprises [1] - Sales revenue in smart device manufacturing and electronic components manufacturing grew by 28.2% and 10.9% year-on-year, respectively [1] - The sales revenue of digital technology applications, driven by AI models, big data, and IoT, rose by 14.3%, with internet-related services and IT services increasing by 16.1% and 15.2% year-on-year [1] Group 2: Digital Transformation Investment - There has been an increased investment in digital transformation, with the amount spent by manufacturing enterprises on digital technology rising by 11.2% year-on-year [1] - Specific sectors such as automotive manufacturing, general equipment manufacturing, and computer communication and other electronic equipment manufacturing saw significant increases in digital technology procurement, with growth rates of 25.5%, 19.7%, and 13.3% year-on-year, respectively [1]

Core Insights - The latest data from the National Taxation Administration indicates that China's digital economy is experiencing rapid growth, with significant improvements in digital industrialization levels and substantial investments in digitalization, driving high-quality economic development [1] Group 1: Digital Economy Growth - In the first 11 months of this year, the sales revenue of the core digital economy industries increased by 10% year-on-year, significantly outpacing the overall growth rate of enterprises in the country [1] - The sales revenue of smart device manufacturing and electronic components and equipment manufacturing grew by 28.2% and 10.9% year-on-year, respectively, reflecting a notable enhancement in China's digital industrialization level [1] Group 2: Digital Technology Applications - The sales revenue of digital technology applications, primarily driven by AI models, big data, and the Internet of Things, increased by 14.3% year-on-year [1] - Internet-related services and information technology services saw year-on-year growth of 16.1% and 15.2%, respectively, highlighting the robust demand for digital services [1]

Group 1 - The core viewpoint is that AI safety has become a "narrative competition" high ground, as it relates to the acceptance, diffusion, and application of technology [2] - The global AI competition is characterized by four driving forces: talent, technology, products, and safety systems, with AI safety being crucial for establishing trust and responsibility [2] - The competition in AI technology is no longer superficial but encompasses the entire technology stack, indicating that every segment from resources to applications is a battleground for global AI competition [2] Group 2 - China is encouraged to construct an AI narrative centered on "human-centric, benevolent intelligence, and inclusive technology" [3] - The current global AI governance landscape is complex, featuring both multilateral cooperation and geopolitical competition, with AI safety governance evolving beyond mere technical aspects to become integral to national governance modernization [5] - China should actively engage in "supplementary governance" to enhance its discourse power and agenda-setting capabilities in global AI governance, particularly through initiatives like the Belt and Road, SCO, and BRICS [5]

《中共贵州省委关于制定贵州省国民经济和社会发展第十五个五年规划的建议》指出，推动数字经济做 强做优引领支撑"数智贵州"建设。虚拟集聚代表了数字经济时代生产性服务业发展的新方向、新形态。 贵州凭借大数据发展的先发优势与战略定力，完全有能力，也有必要抓住这一机遇，将数字基础设施优 势转化为虚拟集聚胜势。通过夯实数字底座、培育平台生态、深化数实融合、优化制度环境，系统推进 生产性服务业的虚拟化集聚、网络化协同与智能化升级，必将有力驱动全省生产性服务业能级实现跨越 式跃升，为贵州围绕"四新"主攻"四化"、构建贵州特色现代化产业体系、推动高质量发展注入强劲的数 字新动能。 深化数实融合，拓展虚拟集聚的应用场景与价值空间。聚焦重点产业，推动虚拟集聚与实体经济深度融 合。实施"虚拟集聚+特色产业"赋能行动。在白酒产业，推动构建覆盖原料溯源、协同酿造工艺研发、 数字仓储、精准营销的全产业链虚拟服务联盟；在旅游产业，通过虚拟平台整合策划、设计、营销、金 融等服务，为景区、民宿等提供远程智力支持与运营解决方案。推广云端协同制造服务新模式。鼓励制 造企业将研发设计、工程仿真、运维服务等环节剥离，通过虚拟平台与全球或全国的优质服务资 ...

（来源：许继电气） CALLER MIL 立足国家所需,承担原创技术策源地任务 19项,攻克全国产 化直流测量装置、全国产化万一标准表等关键核心装备的研 制。参与 8 项 2025 年智能电网 2030 重大专项,新布局大规 樓新能源送出、主配微协同等学科方向业务。基于自主可控 全国产化芯片直流控制保护成套设备等 4 项产品入选国家能 源局首台套重大装备名录,支撑重大电力装备产业链供应链 安全可控。 电力电子板块 世界首台 6.5千伏 /3千安 IGBT 柔直换流阀成功挂网, HCC 换流阀中标灵宝工程。静止同步调相机在延安项目首 次中标,基于构网型模块化 PCS 的储能解决方案助力圭 亚那光储项目、山东省首个构网型储能系统辅助燃机黑启 动项目成功投运。 品竞争力持续增强 保护自动化板块 海上风电二次集成业务在国家电投大连市花园口实现突 破。研制的首台套全国产化广域保护测控系统在昆明铁 路局投入运行,为民生安全提供坚实保障。新原理线路 保护、水电 PLC 等实现首次应用。服务国家重大工程建设, 为我国首个"风光火储一体化"大型综合能源基地外送 工程提供核心装备。 计量与量测板块 突破国产高精密模数转换技术，全 ...

Industry Overview - The Chinese gaming industry is experiencing steady growth, with the actual sales revenue expected to reach 350.79 billion yuan in 2025, a year-on-year increase of 7.68%, and the user base growing to 683 million, up 1.35% [1] - The market shows a "stronger stronger, emerging rise" pattern, with the console gaming market continuing its rapid growth, achieving sales revenue of 8.36 billion yuan, a staggering increase of 86.33% year-on-year [1] - Mini-program games have emerged as a major highlight, generating revenue of 53.54 billion yuan, a year-on-year growth of 34.39%, driven by dual-track monetization through in-app purchases and advertising [1] International Expansion - The overseas market for self-developed games has also performed well, with actual sales revenue reaching 20.46 billion USD, a year-on-year increase of 10.23%, maintaining a scale of over 100 billion yuan for six consecutive years [1] Policy Support - The "Game Shanghai Ten Measures" was officially released, introducing systematic support policies in key areas of industry development, with an annual support fund totaling 50 million yuan, aimed at building a globally influential gaming and esports industry ecosystem [1] Technological Integration - The gaming industry is evolving from a mere entertainment medium to a flexible tool driving digital transformation in traditional sectors such as healthcare, education, and manufacturing, reshaping perceptions of gaming and opening new growth points [2] - Game companies are increasingly demanding AI technology, which is accelerating the application of AI in the industry, further enhancing its value to society and achieving a leap in digital and real-world integration [2] Market Performance - A-share gaming stocks have shown strong performance this year, with an average increase of nearly 44%, and three leading gaming stocks have doubled in price [3] - Giant Network's stock has surged over 260% this year, driven by the deep integration of AI technology into its core gaming business [3] - As of December 19, three gaming stocks have seen net purchases exceeding 50 million yuan in December, with Giant Network leading at 263 million yuan [3] Investor Interest - The most frequently researched company this year is Shunwang Technology, with 23 investor inquiries, indicating strong interest in its upcoming asymmetric competitive card mobile game [4]

Core Insights - The Chinese gaming industry is experiencing steady growth, with historical highs in core metrics, including an expected actual sales revenue of 350.79 billion yuan in 2025, representing a year-on-year increase of 7.68%, and a user base growth to 683 million, up 1.35% [1] Industry Performance - The console gaming market continues its rapid growth, with actual sales revenue reaching 8.362 billion yuan, a staggering year-on-year increase of 86.33%, marking three consecutive years of explosive growth [1] - Mini-program games have emerged as a significant highlight, generating revenue of 53.535 billion yuan, up 34.39%, driven by dual monetization through in-app purchases and advertising [1] - The overseas market for self-developed games also performed well, with actual sales revenue reaching 20.455 billion USD, a year-on-year increase of 10.23%, maintaining a scale of over 100 billion yuan for six consecutive years [1] Policy and Support - The "Game Shanghai Ten Measures" was officially released, introducing systematic support policies in key areas of industry development, with an annual support fund totaling 50 million yuan, aimed at building a globally influential gaming and esports industry ecosystem [1] Technological Integration - The gaming industry is evolving beyond mere entertainment, integrating with traditional sectors such as healthcare, education, and manufacturing, thus reshaping perceptions and opening new growth avenues [2] - Game companies are increasingly demanding AI technology, which is accelerating the application of AI in the industry and creating a value leap through the integration of digital and physical realms [2] Market Trends - The gaming industry is expected to maintain a high level of prosperity, with new products being launched and cross-platform connectivity contributing to growth, while seasonal activities are likely to enhance user engagement and average revenue per user (ARPU) [2] - The mini-program gaming sector is anticipated to exhibit characteristics of sustained high prosperity, stable growth rates, and optimized profit structures, supported by collaborations between WeChat and Apple [2] Stock Market Performance - Leading gaming stocks have shown strong performance in the A-share market, with an average increase of nearly 44% this year, and three stocks, including Giant Network, Century Huatong, and G-bits, have doubled in price [3] - Giant Network's stock has surged over 260% this year, driven by the integration of AI technology into core gaming operations and innovative product offerings [3] - As of December 19, three gaming stocks, including Giant Network, Zhejiang Shuju, and G-bits, saw net purchases exceeding 50 million yuan in December, with net buying amounts of 263 million yuan, 66 million yuan, and 58 million yuan respectively [3]

中国冶金报社 记者 吕林 刘加军 报道 图片由宝信软件提供 12月18日，由中国宝武钢铁集团有限公司、上海市经济和信息化委员会指导，上海宝信软件股份有限公司主办的2025年宝信软件科技 创新日暨"AI+制造"数字化转型研讨会在上海成功举办。会议以"协同创新·智能融合"为主题，围绕人工智能关键技术、典型应用场景 与落地路径展开深入交流，为业界提供了观察中国钢铁工业智能化进程的重要窗口。宝信软件在会上系统呈现了覆盖钢铁制造全流 程、全层次、全生命周期的数字化解决方案，勾勒出一幅以自主创新为底色、以协同融合为路径的"AI+制造"未来图景，清晰传递了 驱动钢铁工业新质生产力发展的"宝武方案"。 中国工程院院士、全国政协常委、上海市政协副主席、华东理工大学教授钱锋到会做《工业具身智能技术与系统——构建工业大脑， 发展新质生产力》报告。中国宝武钢铁集团有限公司副总经理费鹏，上海宝信软件股份有限公司党委书记、董事长田国兵，复旦大学 副校长周磊，上海市经济信息化委员会总工程师裘薇为会议致辞。上海宝信软件股份有限公司总裁、党委副书记王剑虎做答谢致辞。 会议由宝武工程科学家钱卫东主持。 钱锋在报告中指出，人工智能赋能制造业绝非一 ...

Core Insights - The Chinese gaming industry is transitioning from rapid growth to a focus on "high-quality development," with projected sales revenue reaching 350.79 billion yuan in 2025, reflecting a year-on-year growth rate of 7.68% [1][2] - The industry is evolving towards a "game economy" with a market size exceeding 1.2 trillion yuan, driven by technological innovations like artificial intelligence and a deepening of traditional cultural content [1][2] - The gaming sector is at a pivotal point, shifting from "product export" to "cultural export," emphasizing long-term value creation in response to new challenges [1][2] Industry Growth and Structure - The gaming market in China is expected to achieve historical highs, with actual sales revenue surpassing 350 billion yuan and a user base reaching 683 million by 2025 [2] - Client games are experiencing significant growth, with a year-on-year revenue increase of 14.97%, while the console gaming market is seeing explosive growth at 86.33% [2] - The esports sector is becoming a vital industry engine, with market revenue exceeding 170 billion yuan, reflecting a nearly 19% increase [2] Economic Impact - The gaming economy is structured into three layers: the core economic layer generating over 480 billion yuan, the associated economic layer contributing approximately 554.8 billion yuan, and the radiating economic layer adding over 173 billion yuan [3] - Examples of successful integration of gaming with cultural and urban development include the "Metaverse" districts in Shanghai and major events like the "Honor of Kings" finals attracting 60,000 global spectators [3] Regional Development - Shanghai's gaming industry is projected to generate 170.7 billion yuan in sales by 2025, with a growth rate of 9.57%, supported by initiatives like the "Game Ten Measures" [4] Technological and Cultural Drivers - Artificial intelligence is becoming a core productivity tool in game development, enhancing efficiency by over 80% in art asset production and achieving a 95% accuracy rate in localization [7] - The gaming industry is increasingly viewed as a vehicle for cultural transmission, with traditional elements being integrated into popular games, enhancing their global appeal [8] International Expansion and Responsibility - By 2025, China's self-developed games are expected to generate 20.455 billion USD in overseas sales, with mobile games contributing over 90% of this revenue [10] - The industry is recognizing the importance of social responsibility, with over 70% of minors' gaming time being controlled to within three hours, although challenges remain regarding account misuse [11] - Companies are exploring the social value of gaming beyond commercial returns, with initiatives aimed at integrating cultural heritage into educational programs [11]

在全球经济波动、竞争加剧的背景下，中国游戏企业凭借创新实力与应变能力，展现出强劲发展韧性。 游戏产业多项数据创历史新高 12月19日，2025中国游戏产业年会在上海召开。此次大会上发布的《2025年中国游戏产业报告》显示，中国游戏产业实现稳步增长，核心数据均创历史新 高。2025年，国内游戏市场实际销售收入预计达3507.89亿元，同比增长7.68%；用户规模增至6.83亿，同比增长1.35%。 细分市场呈现"强者恒强、新兴崛起"的分化格局。主机游戏市场延续高速增长态势,实销收入83.62亿元,同比激增86.33%,连续三年保持爆发式增长。小程序游 戏成为最大亮点,收入达535.35亿元,同比增长34.39%,内购与广告变现双轨并行推动规模扩容。 出海业务同样表现亮眼，自研游戏海外市场实际销售收入达204.55亿美元，同比增长10.23%，规模已连续6年超1000亿元人民币。在全球经济波动、竞争加 剧的背景下，中国游戏企业凭借创新实力与应变能力，展现出强劲发展韧性。 作为年会核心亮点，上海正式发布"游戏沪十条"，围绕产业发展关键领域推出系统性支持政策，每年扶持资金总额达5000万元，旨在构建具有全球影响力的 ...