Core Viewpoint - Boyaa Interactive (00434) has established a strategic partnership with New Fire Technology Holdings Limited to explore Web3 ecosystem business opportunities, which is expected to support the company's strategic transformation in the Web3 sector [1] Group 1: Company Developments - Boyaa Interactive's stock price increased by over 4% during trading, closing at 6.77 HKD with a trading volume of 12.4788 million HKD [1] - The partnership with New Fire Technology will focus on compliance frameworks and provide digital asset management plans and Web3-related technical solutions [1] Group 2: Strategic Implications - The Board of Directors believes that this strategic cooperation will significantly support the implementation of the company's Web3 strategic transformation [1] - New Fire Technology's technical capabilities and industry resources are expected to enhance Boyaa Interactive's business development and positioning in the Web3 field [1] - The company aims to leverage its extensive experience in the internet gaming industry and the opportunities presented by Hong Kong's new Web3 policies to establish itself as a leading Web3 gaming ecosystem company [1]

Core Insights - Over 60% of ST stocks have underperformed the Shanghai Composite Index this year [6] - The first ST stock to achieve a tenfold increase in price this year is *ST Yushun, which has seen a year-to-date increase of 10.6 times [2] - The company is involved in smart display module manufacturing and has reported a revenue of 134 million yuan with a net loss of 4.46 million yuan in the first half of the year [2] Group 1: Performance of ST Stocks - As of September 26, 2023, nine ST stocks have doubled in value this year, with *ST Yushun leading at a 1060.39% increase [4] - Other notable performers include *ST Yazhen with a 469.66% increase and ST Huadong with a 319.84% increase [4] - Despite some ST stocks performing well, over 130 ST stocks reported net losses in the first half of the year, with more than 70% of ST stocks in a loss position [7] Group 2: Company Developments - *ST Yushun is planning to acquire 100% equity of three companies for a total transaction price of 3.35 billion yuan, which is expected to diversify its business into data center infrastructure services [2][3] - ST Huadong, previously known as "Century Huadong," has seen a significant increase in net profit, reaching 2.656 billion yuan in the first half of the year, a 129.33% increase year-on-year [5] - The company operates in three main sectors: internet gaming, AI cloud data, and automotive parts manufacturing [5] Group 3: Risks and Challenges - The ST sector is characterized by companies with internal control issues or deteriorating fundamentals, which can lead to speculative trading without fundamental improvement [6] - As of September 26, 2023, 14 ST stocks are trading below 2 yuan per share, with *ST Gaohong being the lowest at 0.38 yuan, reflecting an 87.42% decline this year [7]

Group 1 - The core viewpoint of the news is that Giant Network has seen a stock price increase of 5.09%, reaching 45.20 yuan per share, with a trading volume of 1.56 billion yuan and a market capitalization of 87.451 billion yuan as of September 24 [1] - Giant Network's main business involves the development and operation of internet games, with revenue composition being 78.16% from mobile online games, 19.11% from PC online games, 2.42% from other game-related businesses, and 0.31% from other sources [1] Group 2 - Manulife Fund has a significant holding in Giant Network, with its Manulife Preferred Enterprises Stock A fund holding 564,800 shares, accounting for 3.25% of the fund's net value, making it the eighth largest holding [2] - The Manulife Preferred Enterprises Stock A fund has achieved a year-to-date return of 34.67% and a one-year return of 40.25%, ranking 1359 out of 4220 and 2591 out of 3814 respectively [2] - The fund manager, Li Kunyuan, has a tenure of 15 years and 127 days, with the fund's total asset size being 2.394 billion yuan [2]

Group 1 - The company announced a strategic partnership with New Fire Technology Holdings Limited to explore Web3 ecosystem business opportunities within a compliance framework [1][2] - New Fire Technology will provide the company with digital asset compliance management plans and Web3-related technical solutions [1] - New Fire Technology is listed on the Hong Kong Stock Exchange and specializes in technology solutions and services within the virtual asset ecosystem, including asset management and cryptocurrency trading [1] Group 2 - The board believes that this strategic cooperation will significantly support the implementation of the company's Web3 strategic transformation [2] - New Fire Technology's technical strength and industry resources are expected to enhance the company's business development and positioning in the Web3 sector [2] - The company aims to leverage its extensive experience in the internet gaming industry and the new Web3 policies in Hong Kong to establish itself as a leading Web3 gaming ecosystem company [2]

Core Viewpoint - The strategic partnership between Boyaa Interactive and New Fire Technology Holdings aims to explore Web3 ecosystem business opportunities within a compliant framework, enhancing the company's capabilities in the digital asset space [1][2] Group 1: Partnership Details - Boyaa Interactive has established a strategic partnership with New Fire Technology Holdings to collaborate on Web3 ecosystem development [1] - New Fire Technology will provide digital asset compliance management plans and Web3-related technical solutions to Boyaa Interactive [1] Group 2: New Fire Technology Overview - New Fire Technology is listed on the Hong Kong Stock Exchange and primarily offers technology solutions and services within the virtual asset ecosystem, including asset management and cryptocurrency trading [1] - The company holds multiple licenses from the Hong Kong Securities and Futures Commission, enabling it to manage portfolios fully invested in virtual assets [1] Group 3: Strategic Implications - The board of Boyaa Interactive believes that this partnership will significantly support the implementation of its Web3 strategic transformation [2] - The collaboration is expected to leverage Boyaa's experience in the internet gaming industry and capitalize on new Web3 policies in Hong Kong to position the company as a leading Web3 gaming ecosystem entity [2]

Core Viewpoint - The strategic partnership between Boyaa Interactive and New Fire Technology aims to explore Web3 ecosystem business opportunities within a compliant framework, enhancing the company's capabilities in the digital asset space [1][2] Group 1: Partnership Details - Boyaa Interactive announced a strategic partnership with New Fire Technology, effective September 2024, to collaborate on Web3 ecosystem development [1] - New Fire Technology will provide digital asset compliance management plans and Web3-related technical solutions to Boyaa Interactive [1] Group 2: New Fire Technology Overview - New Fire Technology is listed on the Hong Kong Stock Exchange under the code 1611.HK and specializes in providing technical solutions and services within the virtual asset ecosystem [1] - The company holds multiple licenses from the Hong Kong Securities and Futures Commission, enabling it to manage investment portfolios fully invested in virtual assets [1] Group 3: Strategic Importance - The board of Boyaa Interactive believes that this partnership will significantly support the implementation of its Web3 strategic transformation [2] - The collaboration is expected to leverage Boyaa's extensive experience in the internet gaming industry and capitalize on new Web3 policies in Hong Kong to establish the company as a leading Web3 gaming ecosystem entity [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 自願性公告 與新火科技建立戰略合作夥伴關係 Boyaa Interactive International Limited 博雅互動國際有限公司 （股份代號：0434） （於開曼群島註冊成立的有限公司） 戴志康 託有限公司持有香港公司註冊處頒發的TCSP信託牌照。新火科技在區塊鏈技術、金融科 技和其他創新科技技術領域及合規數字資產管理能力上具有強大優勢和豐富經驗。 本集團董事會認為，此次戰略合作將對本集團Web3戰略轉型的實施起到重要支持作用， 新火科技的技術實力和行業資源可進一步促進本集團在Web3領域的業務發展和佈局。本 集團將在Web3領域進行深耕，依托我們在互聯網遊戲行業的豐富經驗及香港新Web3政 策帶來的發展機遇，致力於將公司打造為純粹、領先的Web3遊戲生態公司。 承董事會命 博雅互動國際有限公司 主席兼執行董事 本公告乃博雅互動國際有限公司（「本公司」，連同其附屬公司統稱「本集團」或「博 ...

9月15日，巨人网络涨5%，截至发稿，报44.10元/股，成交9.84亿元，换手率1.18%，总市值853.23亿 元。 资料显示，巨人网络集团股份有限公司位于上海市松江区中辰路655号，成立日期1997年7月22日，上市 日期2011年3月2日，公司主营业务涉及互联网游戏的研发和运营。主营业务收入构成为：移动端网络游 戏业务78.16%，电脑端网络游戏业务19.11%，其他游戏相关业务2.42%，其他(补充)0.31%。 从基金十大重仓股角度 数据显示，浦银安盛基金旗下1只基金重仓巨人网络。浦银安盛中证沪港深游戏及文化传媒ETF （517770）二季度持有股数5.33万股，占基金净值比例为3.39%，位居第七大重仓股。根据测算，今日 浮盈赚取约11.19万元。 浦银安盛中证沪港深游戏及文化传媒ETF（517770）基金经理为罗雯。 截至发稿，罗雯累计任职时间7年237天，现任基金资产总规模8.49亿元，任职期间最佳基金回报 34.14%， 任职期间最差基金回报-33.61%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、 ...

Market Overview - The A-share market experienced a slight pullback from September 1 to 5, with the Shanghai Composite Index down 1.18% to close at 3812.51 points, while the Shenzhen Component fell 0.83% and the ChiNext Index rose 2.35% [1] - Among the sectors, power equipment, light industry manufacturing, and textile and apparel showed the highest gains, while defense, computer, and communication sectors performed relatively weak [1] - New energy themes such as power batteries, photovoltaic inverters, lithium battery electrolytes, lithium battery anode materials, and energy storage exhibited significant rotation and activity [1] Institutional Research - A total of 353 companies disclosed institutional research minutes during the week, with approximately 30% of these companies achieving positive returns [1] - Notable performers included China Ruilin, which saw a stock price increase of 27.64% over four days, and several other companies like Huasheng Lithium Battery and Huawai Technology, which recorded gains exceeding 20% [1] Company Highlights 澜起科技 (Lanke Technology) - Lanke Technology received attention from 231 institutions, reporting a revenue of 2.633 billion yuan for the first half of 2025, a year-on-year increase of 58.17%, and a net profit of 1.159 billion yuan, up 95.41% [3] - The company attributed its growth to the booming AI industry, with significant increases in the shipment of DDR5 memory interface and supporting chips [3][4] - The PCIe Retimer chip, crucial for AI servers, has evolved from PCIe 3.0 to PCIe 4.0, doubling data transmission speed from 8GT/s to 16GT/s, addressing signal integrity issues [4] 炬光科技 (Juguang Technology) - Juguang Technology engaged with 192 institutions, reporting a revenue of 393 million yuan for the first half of 2025, a 26.20% increase, and a net loss reduction to 24.94 million yuan [5] - The company improved its gross margin to 33% through business structure optimization, turning around the profitability of previously loss-making automotive micro-lens products [5] 恺英网络 (Kaiying Network) - Kaiying Network was researched by 162 institutions, achieving a revenue of 2.578 billion yuan for the first half of 2025, a 0.89% increase, and a net profit of 950 million yuan, up 17.41% [6] - The company is developing an AI toy brand and an AI full-process development platform for the gaming industry, aiming to enhance game development efficiency [6] ETF Performance - The Food and Beverage ETF (515170) saw a decline of 1.47% over the past five days, with a market capitalization of 7.23 billion shares [8] - The Gaming ETF (159869) decreased by 4.00%, with a market capitalization of 5.23 billion shares [8] - The Semiconductor ETF (588170) fell by 4.80%, with a market capitalization of 460 million shares [9] - The Cloud Computing ETF (516630) dropped by 5.24%, with a market capitalization of 400 million shares [9]

Market Overview - The A-share market experienced a slight pullback from September 1 to 5, with the Shanghai Composite Index down 1.18% to close at 3812.51 points, while the Shenzhen Component fell 0.83% and the ChiNext Index rose 2.35% [1] - Among the sectors, power equipment, light industry manufacturing, and textile and apparel showed the highest gains, while defense, computer, and communication sectors performed relatively weak [1] - New energy themes such as power batteries, photovoltaic inverters, lithium battery electrolytes, lithium battery anode materials, and energy storage saw significant rotation and active performance [1] Institutional Research Highlights - A total of 353 companies disclosed institutional research minutes during the week, with approximately 30% of these companies achieving positive returns [1] - Notable performers included China Ruilin, which saw a stock price increase of 27.64% over four days, and several other companies like Huasheng Lithium Battery and Huawai Technology, which recorded gains exceeding 20% [1] Company-Specific Insights 澜起科技 (Chip Design) - 澜起科技 received attention from 231 institutions, reporting a revenue of 2.633 billion yuan for the first half of 2025, a year-on-year increase of 58.17%, and a net profit of 1.159 billion yuan, up 95.41% [2] - The company attributed its growth to the booming AI industry, with significant increases in the shipment of DDR5 memory interface and module supporting chips [2] - The PCIe Retimer chip, crucial for AI servers, has evolved from PCIe 3.0 to PCIe 4.0, doubling data transmission speed from 8GT/s to 16GT/s, addressing signal integrity issues [3] 炬光科技 (Optical Technology) - 炬光科技 engaged with 192 institutions, reporting a revenue of 393 million yuan for the first half of 2025, a 26.20% increase, and a net loss reduction to 24.94 million yuan [4] - The company improved its overall gross margin to 33% through business structure optimization, turning around the gross margin of previously loss-making automotive micro-lens products, and accelerating new business development [4] 恺英网络 (Gaming and AI) - 恺英网络 was researched by 162 institutions, achieving a revenue of 2.578 billion yuan for the first half of 2025, a 0.89% increase, and a net profit of 950 million yuan, up 17.41% [5] - The company is developing an AI toy brand aimed at emotional companionship for the 12-35 age group, with plans to launch products in 2025 [5] - Additionally, 恺英网络 introduced an AI full-process development platform for the gaming industry, significantly shortening traditional game development cycles [5]