Core Insights - The article discusses the return of the legendary game IP with a new technological approach, highlighting the upcoming internal test of "Legend M: Twilight Double Dragons" developed by Yumei De's Chinese studio [1] - The game aims to combine classic elements with modern technology, focusing on user experience and innovation [1][2] Group 1: Technological Innovation - "Legend M: Twilight Double Dragons" utilizes Unreal Engine 4, enhancing classic visuals to 4K while reconstructing user experience [1] - The introduction of an intelligent combat assistance system allows for automatic skill activation based on combat conditions, lowering the operational threshold for users [1][3] - Cross-platform compatibility enhances user engagement by providing a seamless gaming experience across PC and mobile devices [1] Group 2: Market Trends - The Chinese gaming market reached a record high of 325.783 billion yuan in actual sales revenue, growing by 7.53% year-on-year, with a user base of 674 million, up by 0.94% [2] - The application of new technologies like 5G, cloud computing, and AI is driving high-quality development in the gaming industry [2] Group 3: AI Integration - The shift from using AI as a development tool to integrating it into core gameplay signifies a deeper application of technology in the gaming industry [3] - The game features a customizable skill tree and intelligent recommendation system, enhancing strategic depth while maintaining the core experience of character development [3] Group 4: International Collaboration - The game represents a significant collaboration between China and South Korea, leveraging each country's strengths in game development and market access [4] - This partnership model is becoming a trend in the global gaming industry, enhancing the adaptability of game products to different markets [4] Group 5: Compliance and Licensing - The game has received a publishing license in China, reflecting a commitment to copyright compliance and collaboration with relevant stakeholders [6][7] - Establishing a clear licensing framework is crucial for protecting intellectual property and fostering a healthy development environment in the gaming industry [7] Group 6: Cultural Integration - The game incorporates Eastern cultural elements, enriching its narrative and world-building, which reflects a mature development in the gaming industry [8] - The integration of technology and culture aims to enhance the quality of the gaming experience while driving innovation [8]

在以Z世代为主力的新消费群体持续崛起下，潮玩经济已由一小撮人的"圈地自萌"，逐渐演变为大众消 费，也成为文化经济新的增长极。从IP盲盒，到毛绒玩具，再到动漫周边的卡牌、积木等，这一源自二 次元文化的消费现象，正悄然成为年轻人情感投射与身份认同的新载体。 业绩与股价齐飞 随着情绪经济、盲盒经济在消费市场掀起热潮，国内潮玩板块的领军企业——泡泡玛特（09992.HK)， 正经历"高光时刻"。 2024年以来，泡泡玛特股价在二级市场持续上涨，至今累计涨幅高达1070.65%。6月3日，泡泡玛特盘 中股价再创历史新高，达到235.6港元/股，最新收盘价为234港元/股，总市值为3142亿港元，超越中国 联通，市值在港股排名第42位，也超越海天味业（603288）、山西汾酒（600809）、安踏体育等一众老 牌消费股。 泡泡玛特股价上涨的背后，是业绩的强力支撑。2024年公司实现营收130.38亿元，同比增长106.92%； 经调整净利润为34.03亿元，同比增长185.86%；毛利率与净利率也进一步提升，分别为66.79%和 25.38%。 其他潮玩品牌市场表现同样不俗。以拼搭角色类玩具为核心产品的布鲁可(00325 ...