在多家游戏媒体对《战地6》技术总监Christian Buhl 采访里，这位总监一反以往大作的游戏优化常态，表示他们的团队的目标是让《战地6》在不开启优 化工具的情况下也能稳定流畅运行。 EA希望《战地6》在不依赖DLSS的情况下也能流畅运行："我们的目标是无需借助额外技术就能实现高性能表现" 2025年重回原生渲染？这可能性远超你的想象。 "我们希望《战地 6》不开启 DLSS 也能运行顺畅，同时保留选择权，如果你想用也能开启。我相信我们所有的默认性能目标，都是在不开启这类优化的 情况下设定的。" 同时Christian Buhl也证实，《战地6》在发售时将不上线光追，发售后的一段时间内也没有相关实装计划。 2025年的今天Christian总监这番话听着有点天方夜谭，要知道现在非常多的单机游戏不开超分辨率不借助个帧生成，已经很难说可以最低标准"60帧流畅 游玩"，甚至某些知名IP续作堂而皇之地将这些技术写进了游戏最低配置里。 虽然这位总监这番话有很大的炒作嫌疑，但是你又不得不说其放在现在别有一番韵味，特别是被誉为优化重灾区的虚幻5游戏，最近还在外网掀起了一场 对UE5的口诛笔伐。 其实对于为什么虚幻五游戏 ...

Group 1 - The A-share market experienced a mixed performance, with the Shanghai Composite Index down 1.30%, while the Shenzhen Component and ChiNext Index rose by 1.14% and 2.34% respectively [1] - Everbright Securities predicts increased market volatility in the short term due to profit-taking pressures and a relatively high valuation level since 2010 [1] - The firm suggests focusing on sectors such as power equipment, communication, computer, electronics, automotive, and media in the short term, while emphasizing TMT sectors for the medium to long term [1] Group 2 - CITIC Securities maintains a focus on resource stocks, consumer electronics, innovative pharmaceuticals, and gaming, driven by supply constraints and global geopolitical tensions [2] - The firm highlights the importance of China's manufacturing leaders in global markets, aiming to convert market share advantages into pricing power and improved profit margins [2] - The investment strategy includes a left-side focus on chemicals and military industries, with a recent emphasis on the expansion of AI from cloud to edge computing [2] Group 3 - Xiangcai Securities anticipates a "slow bull" market for A-shares by 2025, influenced by the new "National Nine Articles" and similar investment policies [3] - The firm expects significant impacts from the ongoing "14th Five-Year Plan," with key focus areas including technology, green initiatives, and consumer services [3] - In the short term, the market is expected to exhibit wide fluctuations with a gradual upward trend, recommending attention to anti-involution sectors, AI-related technology, and environmental protection sectors [3] Group 4 - Galaxy Securities identifies four main investment lines in the construction industry during the "14th Five-Year Plan" period, as urban development shifts from expansion to quality improvement [4] - The firm anticipates increased efforts in urban renewal and a new wave of global industrial transfer benefiting Southeast Asia, driving demand for infrastructure [4] - Recommended investment lines include major engineering projects, overseas expansion, high dividend stocks, and sectors with favorable supply-demand dynamics such as coal chemical, nuclear power, and cleanroom engineering [4]

Core Viewpoint - The overall industry selection framework remains focused on resources, new productive forces, and overseas expansion [1] Group 1: Industry Selection Framework - The resource stocks are shifting from cyclical attributes to dividend attributes due to supply constraints and global geopolitical tensions, leading to a restructured valuation system [1] - The volatility caused by the retreat of funds amid expectations of Federal Reserve interest rate cuts can be ignored [1] Group 2: Globalization of Chinese Manufacturing - The key mid-term insight is the globalization of leading Chinese manufacturing companies, which will convert market share advantages into pricing power and improved profit margins [1] - This shift aims to gradually break the misconception that market performance is solely driven by liquidity, rather than fundamentals [1] Group 3: Investment Focus Areas - The investment strategy should maintain focus on resource stocks, consumer electronics, innovative pharmaceuticals, and gaming for right-side trend varieties [1] - For left-side allocations, attention should be given to the chemical and military industries [1] Group 4: Industry Trends - Recent emphasis is placed on the expansion of AI from cloud-side logic to edge-side logic [1]

以下文章来源于凤凰网科技 ，作者凤凰网科技 凤凰网科技 . 凤凰科技频道官方账号，带你直击真相。 将投中网设为"星标⭐"，第一时间收获最新推送 不久前，世纪华通还在高点之际给自己人撒了一笔钱——27人合计分了约6亿元。 作者丨边程 编辑丨董雨晴 来源丨凤凰网科技 上半年，A股游戏玩家悄然洗牌，世纪华通以断崖式领先荣登新王宝座，市值已突破1400亿高点，创 下近十年来新高。远超排名第二、市值880亿的巨人网络。在这高点之际，其还给自己人撒了一笔 钱，27人合计分了约6亿元。 然而，在资本市场，世纪华通却颇具争议。2023年7月，因涉嫌"信息披露违法违规"，证监会开始对 世纪华通立案调查，最终发现，世纪华通财务造假了5年，在业绩对赌期间的2020年利润更是虚增了 超7亿元。 这件事，不仅让世纪华通变身"ST华通"，也让外界质疑其为资本式玩家。 实际上，世纪华通的发展之路并不常规。2015年，世纪华通收购点点互动，其便从一个早年间做汽 车用塑料零部件的边缘角色，正式站到了游戏产业的台前。 2019年，世纪华通以298亿元买下盛趣游戏（原盛大游戏），这起蛇吞象式的收购让其彻底成为游戏 龙头，但也为财务造假埋下伏笔。盛 ...

Investment Rating - The report maintains a "Buy" rating for the media industry [6][10]. Core Insights - The media industry is expected to benefit from the ongoing integration of AI applications and consumer demand, particularly during the upcoming National Day and Double Eleven shopping festivals [5][16]. - Huawei's "Smart World 2035" report predicts that by 2035, there will be 900 billion AI entities, indicating a significant shift towards an interconnected AI-driven economy [17][18]. - The report highlights the importance of high-quality content and innovative consumption experiences in driving growth within the media sector [20][24]. Summary by Sections Industry Review - The media sector has shown varied performance, with the gaming index experiencing significant gains while the lottery index has declined [15]. - The overall market indices for the week of September 15-19, 2025, showed fluctuations, with the Shanghai Composite Index down by 1.30% [15]. Media Industry Dynamics - The report emphasizes the role of AI in transforming consumer experiences and driving new consumption scenarios, supported by recent government policies [16]. - Companies like Oriental Pearl and Wanda Film are highlighted for their innovative approaches to integrating AI with content and consumer experiences [16][20]. Key Recommended Stocks - The report recommends several stocks within the media sector, including Oriental Pearl, Mango Super Media, and Wanda Film, all of which are expected to benefit from upcoming events and AI integration [6][10]. - Specific companies are noted for their strategic initiatives, such as BlueFocus's AI strategy and Huace Film's new content releases [6][10]. Upcoming Events and Market Trends - The report discusses the anticipated impact of the National Day film releases and the Double Eleven shopping festival on the cinema and e-commerce sectors [20][21]. - The ongoing negotiations regarding TikTok are also mentioned, indicating potential implications for digital marketing and e-commerce platforms [22][23].

Investment Rating - The industry is rated as "Overweight," indicating an expected increase in performance exceeding the market benchmark index by over 10% in the next 6-12 months [9]. Core Insights - The report maintains a positive outlook on the AI computing domestic chain and the sustained prosperity of the overseas chain, emphasizing investment opportunities in AI terminal hardware and the PCB industry driven by AI [1][2]. - The report highlights the potential for value reassessment of Hong Kong-listed tech companies, given their current low valuation compared to overseas counterparts, alongside the rapid growth of AI application scale in China [4]. - The gaming industry is expected to continue its upward trend, with significant revenue growth and an expanding user base [7]. Summary by Sections AI Computing Chain - The domestic AI computing chain is supported by Tencent's adaptation of mainstream domestic chips and Huawei's roadmap for its Ascend AI chips, indicating a strong growth trajectory across various sectors [2]. - Recommended stocks include AI chips (e.g., Cambricon, Haiguang Information), ASIC chips (e.g., Chipone Technology, Aojie Technology), and AI servers (e.g., Zhongke Shuguang) [2]. Fruit Chain Investment Opportunities - The report notes that Apple device assembler Luxshare Precision has secured contracts for OpenAI devices, suggesting a significant role for fruit chain companies in AI hardware supply [3]. - Related stocks include Luxshare Precision and GoerTek, which are involved in assembling AI-related components [3]. PCB Industry and Storage Recovery - The AI computing industry's high demand is driving growth in advanced PCB products, with companies that maintain close relationships with major clients expected to benefit [5]. - The storage industry is entering a recovery phase, with supply clearing in Q2 and increasing demand from AI data centers, leading to price hikes from major players [5]. AI Application Commercialization - The report anticipates accelerated commercialization of AI applications in the second half of the year, with a focus on domestic AI application companies [6]. - Recommended stocks include Kingdee International, Yonyou Network, and others involved in AI applications [6]. Gaming Industry Outlook - The gaming industry has seen record revenue growth, with a significant increase in user numbers, indicating a robust market environment [7]. - Companies such as Giant Network and Xindong Company are highlighted as potential beneficiaries of this growth [8].

游族网络相关负责人向智通财经记者介绍，公司旗下拥有《少年三国志》系列、《女神联盟》系列、 《新盗墓笔记》《权力的游戏 凛冬将至》《圣斗士星矢觉醒:十二宫骑士》等数十款游戏产品，全球用 户累计超10亿。未来目标是着力构建游戏与文化的共生机制，发挥公司在科技、IP文化与资源整合方面 优势。（智通财经机记者 范佳来） 9月19日，第二届上海国际光影节开幕，上海游戏公司游族网络打造巨型光影互动装置亮相，并携旗下 《少年三国志》《少年三国志2》《绯色回响》《少年西游记2》等人气游戏角色与观众互动。 ...

投资策略周报 2025 年 09 月 20 日 策略研究团队 坚持科技，高低切的时机尚未到来 （1）近期，在中枢抬升的过程中，A 股市场呈现显著的"增量市"特征，成交 额放大与资金活跃度提升成为核心标志。同时本轮居民更多通过 ETF 入市，带 来了和历史上的"指数牛"不同的特征：①ETF 的流入强化"龙头"风格，尤其 是 ETF 权重股重要性提升，对微盘股造成虹吸；②ETF 被动配置，缺乏主动基 金经理填"估值坑"，导致本轮牛市行业之间的涨幅差异扩大，赚钱效应更集中， 未来"选行业"可能比"选股"更重要，即更容易出现在某板块躲牛市的情况。 （2）本轮产业层面的积极催化持续涌现：全球 AI 革命性发展、科技竞赛、国 产算力需求的快速增长、创新药 BD 大单、国产半导体和芯片的创新发展等多维 度的产业层面的积极催化持续涌现。 （3）但与此同时，宏观预期尚未显著变化，A 股盈利尚未出现明显的拐点信号。 从上半年的财报来看，A 股盈利和收入增速尚在底部；截至 8 月末，70 大城市 的新房销售仍在环比下降；截至 7 月末，工业企业利润同比仍在负增长区间。 高低切需要的条件：短期和长期，目前尚不具备高低切条件 （1）短 ...

Group 1 - Xiaomi recalls 116,887 units of SU7 standard electric vehicles due to potential collision risks in certain driving scenarios, with software updates planned to enhance safety features [1][2] - The recall affects vehicles produced between February 6, 2024, and August 30, 2025, and will be managed through OTA software upgrades [2] - The founder of Yunhai Yao, Zhao Han, passed away at the age of 40, leaving behind a significant business portfolio in the restaurant and investment sectors [2][4] Group 2 - The iPhone 17 series launched in China, with reports of high demand and significant price premiums for trade-ins, particularly for the Pro Max model [4] - Jaguar Land Rover has informed 33,000 global employees about production halts due to a cyberattack, but claims no impact on deliveries to the Chinese market [6] - Zhiyuan Robotics announced its partner team, with key leadership roles filled by experienced professionals in the robotics field [7] Group 3 - Yu Hao, CEO of Chasing Technology, confirmed the company's financial capability to enter the automotive sector, with plans for a luxury electric vehicle by 2027 [10] - Tencent launched a new platform, "Mixed Yuan 3D Studio," aimed at 3D designers and game developers, enhancing the production cycle of 3D assets [22] - Microsoft is set to invest over $7 billion in a new AI data center in Wisconsin, with plans for a second center to follow [26] Group 4 - The global PC handheld market is projected to reach 2.3 million units by 2025, reflecting a 32% year-on-year growth [26] - Beijing leads the nation in the number of registered large models, accounting for nearly 30% of the total, indicating a strong regional advantage in AI development [26] - Xiaomi has open-sourced its first native end-to-end voice model, showcasing advancements in AI and machine learning capabilities [20]

第二届上海国际光影节于9月19日正式拉开帷幕。游族网络在开幕当晚亮相主会场，独具特色的大型光 影互动装置设计融合了东方美学与未来视效，吸引众多观众驻足合照。 来自游族网络旗下游戏《少年三国志2》《少年三国志》《绯色回响》《少年西游记2》的超高人气角色 coser也齐聚现场，并送出游族限定礼品。 游族网络表示，未来将持续践行"科技传颂文明"之使命，充分发挥公司在科技、IP文化与资源整合方面 的优势，积极履行社会责任，为公众带来更丰富的数字文化创新体验。 ...