Group 1: Overview of Cultural "New Three Samples" Going Global - The cultural "New Three Samples" of China, represented by online literature, online film and television dramas, and online games, have rapidly risen and gained popularity in overseas markets [1][3] - By 2025, the transformation of these cultural exports is shifting from scale expansion to "value cultivation" [1] Group 2: Online Literature Evolution - Online literature is moving away from reliance on "爽文" (light and entertaining stories) to creating "cultural interfaces" that resonate globally [3][4] - As of 2025, there are approximately 200 million active overseas users of Chinese online literature, covering over 200 countries and regions [3] - The "Beautiful China International Writing Plan" aims to support 20 outstanding online literature works over two years, attracting global creators [4] Group 3: Micro-Short Dramas Development - The micro-short drama industry is evolving beyond "cultural fast food" to focus on content quality, industry clustering, and integration [7] - The establishment of a vertical screen drama operation center in Hengdian Film Base supports the creation of high-quality micro-short dramas [7] - Industry leaders emphasize the importance of capturing the real temperature of life and deep cultural values in short narratives [7] Group 4: Online Gaming Transformation - The Chinese gaming industry is transitioning from creating "hit products" to deeply exploring traditional cultural IPs and building global influence [9][10] - As of 2025, Zhejiang has implemented 20 specific measures to support the internationalization of the gaming industry, enhancing the global dissemination of Chinese traditional culture [9][10] - The gaming ecosystem in Zhejiang consists of over 1,500 related enterprises, promoting a healthy collaborative environment for game exports [12]

Core Viewpoint - The stock price of Moer Thread, known as the "first domestic GPU stock," experienced significant volatility, dropping nearly 20% in early trading on December 12, 2023, but has attracted market attention due to its strong performance since listing [1]. Group 1: Moer Thread's Stock Performance - As of December 12, 2023, Moer Thread's stock price fell to 820.01 yuan, a decline of 12.87%, with a market capitalization of 385.43 billion yuan [1]. - On December 11, 2023, the stock price reached 941.08 yuan, marking a 28.04% increase, with a market value approaching 450 billion yuan [1]. - The stock's fluctuations are expected to significantly impact the performance of Century Huatong, which holds shares in Moer Thread [2]. Group 2: Century Huatong's Investment in Moer Thread - Century Huatong's subsidiary holds a 7.3121% stake in a private equity fund that owns approximately 1,958,870 shares of Moer Thread, representing about 4.9% of the total shares before the IPO [3]. - The investment in Moer Thread is classified as a financial instrument measured at fair value, impacting Century Huatong's financial statements [3]. - Century Huatong's revenue and profit for the first three quarters of 2025 were the highest among all A-share gaming companies, with revenue of 27.223 billion yuan and a net profit of 4.357 billion yuan, reflecting a year-on-year growth of 141.65% [4]. Group 3: Other Companies Holding Moer Thread Shares - Multiple A-share companies, including Heertai and Yingqu Technology, hold shares in Moer Thread, with respective market values of approximately 3.9 billion yuan and 1.3 billion yuan based on the stock price of 941.08 yuan [1][7]. - Other companies, such as Zhongke Lanyun, also have direct and indirect holdings in Moer Thread, contributing to the growing interest in the stock [7]. - Companies like Donghua Software and Shenghong Technology are engaged in deep business collaborations with Moer Thread, covering various segments of the GPU industry chain [8]. Group 4: Market Trends and Future Outlook - The domestic AI chip market is expected to see a significant increase in localization rates, projected to rise from 30-40% in 2025 to 60-70% by 2030, benefiting companies in the AI chip and computing power supply chain [8]. - Several Moer Thread-related stocks have seen substantial price increases, with companies like Shenghong Technology rising over 600% and Century Huatong doubling in value [8].

（记者 王瀚黎） 截至发稿，天娱数科市值为103亿元。 每经头条（nbdtoutiao）——专访管涛：美国政府经济贸易政策正逐渐动摇美元本位国际货币体系，利 多因素下人民币汇率有可能破7 每经AI快讯，天娱数科（SZ 002354，收盘价：6.21元）12月11日晚间发布公告称，公司第七届第三次 董事会会议于2025年12月11日在北京市朝阳区青年路7号达美中心T4座16层公司会议室召开。会议审议 了《关于续聘2025年度审计机构的议案》等文件。 2025年1至6月份，天娱数科的营业收入构成为：数据流量行业占比97.93%，网络游戏行业占比2.01%， 其他占比0.06%。 ...

位于乌镇云舟宾客中心的会场外，主题互动展区人流如织：微短剧拍摄实景让参观者亲身体验导演创 作；《黑神话：悟空》主角半身像前合影者排起长队。会场内，各界代表共聚一堂，探讨中国故事走向 世界的现实路径与未来图景。 "这是中国创作者的独特优势" 近年来，文化"新三样"在海外刮起强劲"中国风"。 11月的浙江桐乡乌镇，水汽氤氲，桂香浮动。 世界互联网大会期间，这座千年古镇敞开怀抱。以"数联全球·文聚浙里"为主题，一场关于网文、网 剧、网游等文化"新三样"高质量发展的交流展示活动在此举行。 《黑神话：悟空》首发即登顶多国游戏销量榜；《司藤》《长月烬明》等剧集在东南亚广受欢迎。数据 显示，2024年中国网络文学海外营收达48.15亿元；微短剧应用海外累计下载量近5500万次；自主研发 游戏海外销售收入超185亿美元。据预测，到2027年，这三项出口规模将继续大幅增长。 数字时代，为何网文、网剧、网游能成为中国故事的"新载体"？中国文化产品如何立足自身优势，提升 辨识度？ 《仙剑奇侠传》《九州牧云录》等爆款小说的作者管平潮认为："数字时代，能从浩如烟海的中华传统 文化中汲取营养，这是中国创作者的独特优势。"他表示，为写好仙 ...

Group 1 - The report outlines a grid trading strategy that focuses on profiting from price fluctuations rather than predicting market trends, making it suitable for volatile markets [4][13] - Characteristics of suitable grid trading targets include being exchange-traded, having stable long-term trends, low transaction costs, good liquidity, and high volatility, with equity ETFs being particularly appropriate [4][13] - The report highlights key ETFs for grid trading, including the military industry ETF, which is expected to benefit from a new procurement cycle driven by the "14th Five-Year Plan" and a projected defense budget of 1.81 trillion yuan for 2025, a 7.2% increase [4][14] Group 2 - The gaming ETF is noted for its strong growth potential due to the normalization of game license approvals, with 1,624 licenses issued from January to November 2025, significantly surpassing the previous year's total [5][17] - The software ETF is positioned to capture opportunities from domestic software replacement and AI-driven transformations, supported by policies promoting technological self-reliance and innovation [6][20] - The Hang Seng Internet ETF is expected to enhance commercial monetization through AI integration, as major internet companies are increasingly deploying AI products to improve user engagement and service capabilities [7][23]

公告显示，证监会查明，三七互娱存在以下违法事实： （一）2014 年至 2020 年年报披露的股东持股情 况存在虚假记载。（二）2018 年年度报告未披露收购江苏极光股权事项为关联交易，存在重大遗漏。 （三）三七互娱 2020 年间接收购广州三七股权事项为关联交易，2020 年 12 月 7 日披 露的临时公告虚 假记载、2020 年年度报告存在重大遗漏。（四）2018 年至 2021 年年报未披露与海南力源等公司发生的 关联交易，存在重大遗漏。证监会决定： 对三七互娱责令改正，给予警告，并处以 900 万元罚款；对 相关责任人员给予警告，并各处以罚款。 根据《证券法》、虚假陈述司法解释，上市公司等因信息披露违法导致投资者权益受损，受损投资者可 以依法起诉索赔，索赔范围包括：投资差额、佣金、印花税损失等。 "我们正在分批代理投资者起诉。"厉健律师表示，根据司法解释，暂定：在2015年3月31日至2023年6月 27日期间买入三七互娱股票，并在2023年6月27日收盘时还持有该股票的受损投资者，可索赔。索赔条 件以法院认定为准。（三七互娱维权入口） 投资者索赔需提供证券开户信息查询单原件、股票对账单原件（201 ...

雷蛇表示，"近日我们关注到有关使用雷蛇外设产品可能导致《无畏契约》账号封禁的讨论。经与《无畏契约》项目组和腾讯游戏安全技术团队联合核查， 游戏不会因正常使用雷蛇外设产品及官方驱动（如雷云4）而封禁，封禁源于使用未经官方授权的第三方软件或篡改程序"。 12月4日，雷蛇官微发布说明，就"使用雷蛇外设可能导致《无畏契约》账号被封"一事作出回应。 《无畏契约》处罚公告显示，11月10日至11月23日，《无畏契约》封禁10年的账号有21718个。 公开信息显示，《无畏契约》由拳头游戏研发，由腾讯代理，是一款多人射击游戏，提供普通、竞技、极速、乱斗、团队乱斗等多种模式。 雷蛇建议，玩家通过官方渠道核查封禁原因，并避免安装使用非官方授权软件。 据悉，12月2日，《无畏契约》出现了大规模账号封禁事件，大量玩家反馈其账号被处以10年封禁，处罚理由均是"违规使用第三方插件"。 受影响玩家中不乏雷蛇毒蝰V3 Pro鼠标的用户，他们普遍强调自身为"绿色玩家"，没有使用任何外挂程序，对封号的原因表示质疑。 ...

● 现金管理投资种类：低风险投资理财产品 ● 现金管理投资金额：人民币7亿元 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ● 履行的审议程序：杭州电魂网络科技股份有限公司（以下简称"公司"）于2025年12月5日召开第五届 董事会第八次会议审议通过了《关于使用暂时闲置的自有资金进行现金管理的议案》，同意公司及子公 司使用不超过人民币7亿元的暂时闲置自有资金进行现金管理，用以委托商业银行、信托公司、证券公 司、基金公司、保险公司、资产管理公司等金融机构进行低风险投资理财。在上述额度范围内，资金可 滚动使用，单笔投资期限最长不超过十二个月。本事项无需提交公司股东大会审议。 ● 特别风险提示：虽然公司及子公司购买的为低风险理财产品，但金融市场受宏观经济环境、财政及货 币政策等因素影响较大，理财产品可能会面临政策风险、流动性风险、收益波动等投资风险。敬请广大 投资者注意投资风险。 一、现金管理情况概述 （一）现金管理目的 在确保公司及子公司日常资金运营需求和资金安全的前提下，使用部分暂时闲置自有资金用以委托商 ...

其中，北京掌趣科技股份有限公司开发的掌趣网游SDK（应用来源：官网，应用版本：4.4.7）所涉问题 为：违规收集个人信息，超范围收集个人信息，强制、频繁、过度索取权限，SDK信息公示不到位。 天眼查工商信息显示，北京掌趣科技股份有限公司(曾用名：北京掌趣科技有限公司)，成立于2004年， 位于北京市，是一家以从事互联网和相关服务为主的企业。企业注册资本270761.1003万人民币，实缴 资本246769.4848万人民币。 工业和信息化部信息通信管理局2025年11月10日发布关于侵害用户权益行为的APP（SDK）通报（2025 年第7批，总第52批）。近期，经组织第三方检测机构进行抽查，共发现39款APP及SDK存在侵害用户 权益行为。 中国经济网北京12月5日讯 中证指数有限公司2025年11月28日发布关于沪深300、中证500、中证1000、 中证A500等指数定期调整结果的公告。根据指数规则，经指数专家委员会审议，中证指数有限公司决 定调整沪深300、中证500、中证1000、中证A50、中证A100、中证A500等指数样本，于2025年12月12 日收市后生效。其中沪深300指数更换11只样本， ...

Core Viewpoint - The article discusses the challenges faced by Mingchen Health, the parent company of the hair care brand "Tihua Zhi Xiu," as it transitions from a focus on daily chemical products to the gaming industry, highlighting the impact of competition and strategic shifts on its performance [2][3][4]. Group 1: Company Background - Mingchen Health, established in 1994 and listed in December 2017, initially focused on daily chemical products, including shampoos and conditioners, with brands like Tihua Zhi Xiu and Meiwang [3]. - The company has recently adopted a dual business model of "daily chemicals + gaming," which raises questions about the appropriateness of this strategic shift [3][4]. Group 2: Financial Performance - In the peak year of 2017, Mingchen Health reported revenues of 642 million yuan, which declined to 517 million yuan by 2019, indicating a downward trend in its daily chemical business [4]. - After entering the gaming sector, the company saw a revenue increase to 681 million yuan in 2020, a 31.52% year-on-year growth, and net profit surged to 102 million yuan, up 343.05% [5][6]. - Despite initial success in gaming, the financial outlook remains concerning due to rising costs and declining profit margins, with net profit showing fluctuations in subsequent years [6][7]. Group 3: Market Challenges - The daily chemical sector has become increasingly competitive, leading to a decline in Mingchen Health's market position and necessitating a pivot to gaming for growth [4][8]. - The company's focus on gaming has resulted in the daily chemical business becoming a "secondary" operation, contributing only 23.16% of total revenue in the first half of 2025 [8]. Group 4: Consumer Trends and Brand Positioning - Consumer expectations for hair care products have evolved, with a demand for natural and environmentally friendly options, while Tihua Zhi Xiu has struggled with brand and product aging [8][9]. - The rise of e-commerce and new brands has further pressured Mingchen Health, as it has not effectively adapted to these market changes [8][9]. Group 5: Future Outlook - The company must balance its dual business model to avoid further decline in its daily chemical segment, emphasizing the need for innovation and effective brand management [9][10]. - Successful revitalization of the brand and product offerings could determine Mingchen Health's future trajectory in both the daily chemical and gaming markets [10].