来源：市场资讯 近日，国家新闻出版署披露2026年1月份国产网络游戏审批信息，游戏《三国：征战天下》获批复，编 号：国新出审〔2026〕190号，批准时间2026年01月23日。该游戏出版单位天津新创元科技有限公司， 运营单位翊宸互娱（北京）科技有限公司。 天眼查商业履历显示，翊宸互娱（北京）科技有限公司，成立于2022年，位于北京市朝阳区将府家园北 里202号楼7层1单元816，是一家以从事科技推广和应用服务业为主的企业，企业注册资本1000万人民 币，实缴资本200万人民币。法定代表人郭云鹏。 通过天眼查大数据分析，翊宸互娱（北京）科技有限公司知识产权方面有商标信息4条；此外企业还拥 有行政许可1个。 ...

Group 1 - The game "Moonlight Night: Master Duel" has been approved for release by the National Press and Publication Administration, with approval number Guo Xin Chu Shen [2026] 253, on January 23, 2026 [1] - The publishing and operating company for the game is Shanghai Giant Network Technology Co., Ltd., which was established in 2004 and is located at Guilin Road, No. 396, Building 29, Room 708 [1] - Shanghai Giant Network Technology Co., Ltd. has a registered capital of 36.808756 million RMB and has invested in 36 other enterprises [1] Group 2 - The company has participated in one bidding project and holds 2,265 trademark registrations and one patent [1] - Additionally, the company possesses 19 administrative licenses [1]

Investment Rating - The report maintains a "Buy" rating for the industry, indicating a positive outlook for the sector's performance [5][29]. Core Insights - The report highlights the significant growth in AI applications, with OpenAI's annual recurring revenue (ARR) expected to exceed $20 billion by 2025, driven by advancements in computing power and product commercialization [3][26]. - The gaming sector shows strong performance, with top mobile games achieving high download numbers and revenue rankings, indicating robust consumer engagement [2][17]. - The film industry is experiencing a resurgence, with a total box office of 304 million yuan in the last week, and several films scheduled for release during the upcoming Spring Festival [22][24]. Market Performance - From January 19 to January 25, 2026, the media industry (Shenwan) increased by 1.98%, outperforming the Shanghai Composite Index, which rose by 0.84% [12]. - Within the media sector, advertising and marketing led the gains with a 6.05% increase, while digital media saw a decline of 3.96% [12][16]. Industry Key Data AI Applications - For the week of January 12 to January 18, 2026, the estimated iOS downloads for major AI applications were as follows: Deepseek at 238,700, Doubao at 2,100,900, Tencent Yuanbao at 807,000, and Qianwen Qimai at 1,233,700, with respective week-over-week changes of -14.52%, +0.87%, +2.27%, and +15.66% [2][17]. - The weekly token usage on the OpenRouter platform was 7.50 trillion, showing a slight decrease of 1.96% [2][17]. Gaming Data - The top five mobile games on iOS as of January 24, 2026, were "Honor of Kings," "Peacekeeper Elite," "Crossfire: Gunfight King," "Endless Winter," and "Arknights: End of the World," with "Arknights" achieving over 30 million downloads globally [2][19]. - Upcoming game releases include "Survival 33 Days" by 37 Interactive Entertainment, scheduled for February 15, and "EVE," an AI companion product by a company invested in by Kying Network, expected to launch on March 14 [21][26]. Film Data - The total box office for domestic films reached 304 million yuan, with "Return to Silent Hill" leading the weekly box office at 66.06 million yuan, accounting for 21.7% of the total [22][23]. - Four films have been scheduled for the Spring Festival, including "Fast Life 3" and "Silent Awakening" [24]. Investment Recommendations - The report recommends focusing on themes such as AI applications and cultural exports, with particular attention to sub-sectors like gaming, IP, short dramas, marketing, and publishing. Specific companies highlighted for investment include Giant Network, Kying Network, Perfect World, 37 Interactive Entertainment, Century Huatong, and others [3][27].

Investment Rating - The report maintains a "Buy" rating for the industry, indicating a positive outlook for the sector's performance [5][29]. Core Insights - The report highlights the significant growth in AI applications, with OpenAI's annual recurring revenue (ARR) expected to exceed $20 billion by 2025, driven by advancements in computing power and product commercialization [3][26]. - The gaming sector shows strong performance, with top mobile games achieving high download numbers and revenue rankings, indicating robust consumer engagement [2][17]. - The film industry is experiencing a resurgence, with a total box office of 304 million yuan in the week of January 19-25, 2026, and several films scheduled for release during the upcoming Spring Festival [22][23]. Summary by Sections Market Performance - From January 19 to January 25, 2026, the media industry (Shenwan) increased by 1.98%, outperforming the Shanghai Composite Index, which rose by 0.84% [12]. - The advertising and marketing sector led the gains with a 6.05% increase, while digital media saw a decline of 3.96% [12][16]. Key Industry Data AI Application Data - For the week of January 12-18, 2026, the estimated iOS downloads for major AI applications showed varied performance, with Deepseek down by 14.52% and Tencent's Yuanbao up by 2.27% [2][17]. - The weekly token usage on the OpenRouter platform was 7.50 trillion, reflecting a slight decrease of 1.96% [2][17]. Gaming Data - The top five mobile games on iOS as of January 24, 2026, included "Honor of Kings" and "Peacekeeper Elite," with "Tomorrow's Ark: The End of Days" entering the top five shortly after its release [2][19]. - Upcoming game releases include "Survival 33 Days" set for February 15 and "EVE," an AI companion app, expected to launch on March 14 [21][26]. Film Data - The total box office for domestic films reached 304 million yuan, with "Return to Silent Hill" leading the week with a box office of 66.06 million yuan [22][23]. - Four films have been scheduled for the Spring Festival, indicating a strong pipeline for theatrical releases [22][23]. Investment Recommendations - The report recommends focusing on themes such as AI applications and cultural exports, with specific attention to sub-sectors like gaming, IP, short dramas, marketing, and publishing [3][27]. - Notable companies to watch include Giant Network, Perfect World, and Kuaishou, among others [3][27].

Core Viewpoint - Century Huatong has been found guilty of multiple violations related to financial reporting, leading to ongoing compensation claims from investors [2][3]. Group 1: Legal Violations - From 2018 to 2022, Century Huatong's annual reports contained false records regarding goodwill, including a failure to conduct goodwill impairment tests in 2018, resulting in an under-provision of goodwill impairment by 62.363 million yuan [2][3]. - The company incorrectly disclosed the original value of goodwill in its annual reports from 2019 to 2022, and failed to report segments in accordance with accounting standards [3][4]. - Between 2020 and 2022, Century Huatong did not perform required goodwill impairment tests, leading to inflated and deflated profits in its financial statements [4]. Group 2: Revenue Misrepresentation - Century Huatong was found to have fabricated software copyright transfer transactions, which resulted in inflated revenue for 2020 [4]. - The company prematurely recognized revenue from the software copyright transfer of "Rainbow Alliance," inflating 2020 revenue and profits while deflating those of 2021 [4]. - The report regarding the completion of performance commitments for the year 2020 contained false records [4]. Group 3: Investor Compensation - Investors who purchased Century Huatong stock between April 27, 2019, and July 25, 2023, and sold or continued to hold the stock after July 25, 2023, are eligible to initiate compensation claims [2][4].

Economic Indicators - The 2-year U.S. Treasury yield decreased by 0.18 basis points to 3.588%[5] - The 5-year U.S. Treasury yield fell by 0.17 basis points to 3.819%[5] - The 10-year U.S. Treasury yield dropped by 0.99 basis points to 4.211%[5] Market Performance - The Baltic Dry Index closed at 1762.00, up by 0.06%[7] - CME Bitcoin futures settled at 88050.00, down by 1.62%[7] - ICE Brent crude oil price was 65.69, down by 0.29%[7] - London gold spot price reached 5009.88, up by 0.57%[7] Stock Indices - The Hang Seng Index closed at 26765.52, up by 0.06%[7] - The Nasdaq Composite Index closed at 23601.36, up by 0.43%[11] - The Dow Jones Industrial Average closed at 49412.40, up by 0.64%[11] - The S&P 500 index settled at 6950.23, up by 0.50%[11]

地址：北京市朝阳区朝阳门外大街甲 6 号万通中心 D 座 20 层（100020） 总机：010-8535 6666 注:本报告资讯信息来源于万得资讯和金十数据，冠通研究整理编辑 本公司具备期货交易咨询业务资格，请务必阅读免责声明。 分析师：王静，执业资格证号 F0235424/Z0000771。 免责声明： 本报告中的信息均来源于公开资料，我公司对这些信息的准确性和完整性不作任何保证。报告中的内容和 意见仅供参考，并不构成对所述品种买卖的出价或征价。我公司及其雇员对使用本报告及其内容所引发的 任何直接或间接损失概不负责。本报告仅向特定客户传送，版权归冠通期货所有。未经我公司书面许可， 任何机构和个人均不得以任何形式翻版，复制，引用或转载。如引用、转载、刊发，须注明出处为冠通期 货股份有限公司。 资讯早间报 发布日期：2026/1/27 隔夜夜盘市场走势 1. 国际贵金属期货普遍收涨，COMEX 黄金期货涨 0.5%报 5004.8 美元/盎司， COMEX 白银期货涨 2.52%报 103.89 美元/盎司。 2. 美油主力合约收跌 0.39%，报 60.83 美元/桶；布油主力合约跌 0.26%，报 64 ...

对于喜欢暗黑风格ARPG与深度剧情的玩家而言，1月30日上线的《噬血代码2》自然是不容错过的。 《噬血代码2》跳出前作剧情框架，打造了独立且宏大的世界观。故事聚焦于百年前封印战役的遗留谜 团，玩家将化身归来者猎人，借助时空穿梭能力往返过去与现在。 作为系列续作，本作不仅重构世界观开启时空穿梭叙事，更强化了战斗系统与伙伴机制，为玩家带来一 场兼具挑战与沉浸感的吸血鬼题材冒险。一步到位解锁满画质沉浸体验，映众RTX5060 Ti 8GB超级冰 龙无疑是性价比之选，完美适配游戏对硬件的核心需求。 游戏中还存在一种复活机制，当玩家生命值归零时，伙伴会牺牲自身将其复活并快速重生。对于手残党 算是给了一定程度的容错空间。 伙伴系统的重制与扩展是本作的核心亮点。每位伙伴不仅能提供独特被动加成，关系深化后还会解锁更 强力支援，玩家可选择召唤并肩作战，或通过同化吸收额外力量，兼顾合作与独行两种玩法偏好。 作为一款动作游戏，战斗体验自然是游戏的重中之重，游戏在类魂基础框架上叠加了多层自定义体系。 新增双剑等武器类型，配合轻重攻击、闪避构成基础操作，每种武器可装配四种型态。 高难度首领战与探索环节的难度落差显著，这比较考验玩家的操 ...

Group 1 - The core viewpoint of the news highlights the performance and potential of the AI sector, particularly focusing on Tencent's business developments and the related ETF's market activity [1][2][3] Group 2 - The 科创人工智能 ETF (589010) experienced a slight rebound after a brief dip, with the latest price at 1.637 yuan, reflecting a minor decrease of 0.365% from the opening price [1] - The ETF tracks 30 constituent stocks, showing a mixed performance with 9 stocks rising, including Xinghuan Technology leading with over 6% increase and Chip Origin rising over 3% [1] - The trading volume for the ETF reached 59.41 million yuan, with a turnover rate of 2.28%, indicating a moderate level of trading activity [1] - Tencent's gaming business is experiencing steady growth due to both evergreen products and new game performance, with positive trends in overseas markets [2] - Marketing services are benefiting from increased traffic, ad inventory release, and AI empowerment, maintaining rapid growth despite macroeconomic pressures [2] - Tencent is increasing its investment in AI across research, talent, and computing power, leveraging its ecosystem advantages for long-term growth potential in areas like WeChat e-commerce and AI Agent empowerment [2] - The 科创人工智能 ETF closely tracks the Shanghai Stock Exchange's AI index, covering high-quality enterprises across the entire industry chain, supported by high R&D investment and policy benefits [2]

中新网海口1月27日电 (记者 王子谦)海南省第七届人民代表大会第五次会议27日举办"代表通道"集体采 访活动。海南省人大代表、澄迈县县长徐涛表示，2026年该县将进一步扩大有效投资，做优做强主导产 业，推动扩大游戏、跨境直播电商等"五大出海"场景的业务规模。 澄迈县GDP连续多年稳居海南省县级行政辖区首位，是海南省工业门类、制造业门类最齐全的市县之 一。 2025年11月20日，航拍位于澄迈的海南自贸港重点园区——海南生态软件园。中新网记者 骆云飞 摄 抓产业有成绩。澄迈围绕海南省"五向图强"发展战略，加快构建数字、海洋、制造、绿色、文化五大生 产力发展图景，加快推动产业转型升级。统计数据显示，2025年澄迈数字经济核心产业营收首次突破千 亿大关，同比增长超过20%；深海油服产业获批国家级中小企业特色产业集群，全年完成营收174亿 元，同比增长超过40%。 创首单有成果。2025年，海南省第一单船舶柴油发动机区外保税维修业务在澄迈顺利落地，全省首个实 现融资的EOD项目在澄迈顺利开工。 2026年是"十五五"开局之年，也是海南自贸港全面实施封关运作开局之年。徐涛表示，澄迈要继续扩大 有效投资，将投资目标设定 ...