1月21日掌趣科技大宗交易一览 | 成交量 | 成交金额 | 成交价 | 相对当日收盘 | | | | --- | --- | --- | --- | --- | --- | | （万 | （万元） | 格 | 折溢价（%） | 买方营业部 | 卖方营业部 | | 股） | | （元） | | | | | 40.70 | 264.14 | 6.49 | 10.00 | 浙商证券股份有限公司天 | 方正证券股份有限公司成 | | | | | | 津六纬路证券营业部 | 都抚琴西路证券营业部 | （文章来源：证券时报网） 两融数据显示，该股最新融资余额为14.46亿元，近5日增加8586.19万元，增幅为6.31%。 据天眼查APP显示，北京掌趣科技股份有限公司成立于2004年08月02日，注册资本270761.1003万人民 币。（数据宝） 掌趣科技1月21日大宗交易平台出现一笔成交，成交量40.70万股，成交金额264.14万元，大宗交易成交 价为6.49元，相对今日收盘价溢价10.00%。该笔交易的买方营业部为浙商证券股份有限公司天津六纬路 证券营业部，卖方营业部为方正证券股份有限公司成都抚琴西路证券营业部 ...

Market Overview - On January 21, the gaming sector declined by 0.71% compared to the previous trading day, with Dianhun Network leading the decline [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Individual Stock Performance - Notable gainers included: - Sanqi Interactive Entertainment (002555) with a closing price of 28.31, up 3.97%, and a trading volume of 965,700 shares, totaling 2.707 billion yuan [1] - Xinghui Entertainment (300043) closed at 6.63, up 3.11%, with a trading volume of 989,000 shares, totaling 653 million yuan [1] - Notable decliners included: - Elevator Network (603258) closed at 18.95, down 3.76%, with a trading volume of 56,700 shares, totaling 108 million yuan [2] - Youzu Interactive (002174) closed at 12.00, down 2.52%, with a trading volume of 346,100 shares, totaling 419 million yuan [2] Capital Flow Analysis - The gaming sector experienced a net outflow of 159 million yuan from institutional investors, while retail investors saw a net outflow of 190 million yuan [2] - Retail investors contributed a net inflow of 349 million yuan [2] ETF Performance - Gaming ETF (product code: 159869) tracked the China Animation and Gaming Index, with a five-day decline of 4.17% and a price-to-earnings ratio of 42.07 [5] - The latest share count for the gaming ETF was 8.8 billion, with a decrease of 17 million shares and a net redemption of 27.706 million yuan [5]

Summary of Key Points Core Viewpoint - On January 21, 2026, Zhangqu Technology executed a block trade involving 407,000 shares at a transaction price of 6.49 yuan, representing a 10% premium over the market closing price of 5.9 yuan [1]. Group 1: Transaction Details - The total transaction amount for the block trade was 2.6414 million yuan, accounting for 0.32% of the total trading volume on that day [1]. - The buyer of the shares was Zheshang Securities Co., Ltd., while the seller was Founder Securities Co., Ltd. [2].

Group 1 - The core viewpoint of the article highlights the recognition of Hangzhou Dianhun Network Technology Co., Ltd. (Dianhun Network) at the 2025 "Qingshan Award" ceremony, where it won three significant honors, including the Excellent Game New Technology Award for "Barbarian Battle 2" and the Most Anticipated Game title for "Traveler's Diary" [1][2] - Dianhun Network's achievements reflect the industry's acknowledgment of its commitment to game development, technological innovation, and product refinement, showcasing its long-term dedication to the gaming sector [1] - The company was also listed as a leading enterprise among Zhejiang's local private multinational companies, representing the digital culture sector, which underscores the emerging industry's competitive strength on a global scale [1] Group 2 - The evaluation criteria for the awards focus on private multinational enterprises based in Zhejiang, emphasizing international competitiveness, brand influence, and industry chain layout, aiming to establish benchmarks for local companies in the international market [2] - Looking ahead, Dianhun Network plans to continue focusing on research and development innovation, exploring player needs, and creating high-quality games to contribute to the high-quality development of China's gaming industry [2] - The company aims to deepen its game IP ecosystem and international market layout, promoting Chinese competitive culture globally while enhancing its overseas research and development capabilities and distribution network [2]

Core Viewpoint - Daiwa has downgraded Tencent Holdings' revenue forecast for the last quarter due to weak overall performance, particularly in the gaming sector, while maintaining a "Buy" rating but lowering the target price from HKD 750 to HKD 725 [1] Group 1: Revenue Performance - Tencent's local gaming business revenue for the last quarter is expected to be RMB 37.3 billion, reflecting a year-on-year growth of 12% but a quarter-on-quarter decline of 13% [1] Group 2: Earnings Forecast - Daiwa has reduced its earnings per share estimates for Tencent for 2026 to 2027 by 1% to 2% [1] Group 3: Business Outlook - The slowdown in Tencent's domestic gaming business is anticipated due to seasonal factors and a high base effect, while the international gaming business is expected to stabilize after an exceptionally strong third quarter [1] - Increased recruitment of AI talent and GPU leasing costs are projected to exert upward pressure on operating expenses [1]

Core Viewpoint - Daiwa has downgraded Tencent Holdings' revenue forecast for the last quarter due to weak overall performance, particularly in the gaming sector, while maintaining a "Buy" rating but lowering the target price from HKD 750 to HKD 725 [1] Group 1: Revenue Performance - Tencent's local gaming business revenue for the last quarter is estimated to be RMB 37.3 billion, reflecting a year-on-year growth of 12% but a quarter-on-quarter decline of 13% [1] - The slowdown in domestic gaming revenue is attributed to seasonal factors and a high base effect from the previous year [1] Group 2: Future Projections - Daiwa has revised its earnings per share estimates for Tencent for 2026 to 2027 down by 1% to 2% [1] - The international gaming business, after an exceptionally strong performance in the third quarter, is expected to stabilize [1] Group 3: Operational Costs - The recruitment of AI talent and the costs associated with GPU leasing are anticipated to exert upward pressure on operating expenses [1]

Group 1 - The core viewpoint of the report is that Tencent's domestic gaming business is expected to slow down due to seasonal factors and high base effects, while the international gaming business is stabilizing after a strong performance in Q3 [1] - The report predicts that Tencent's local gaming revenue for the last quarter will be 37.3 billion yuan, representing a year-on-year growth of 12% but a quarter-on-quarter decline of 13% [1] - The company has lowered its earnings per share forecast for Tencent for 2026 to 2027 by 1% to 2%, while maintaining a "buy" rating but reducing the target price from 750 HKD to 725 HKD [1]

Group 1 - A strategic partnership has been established between Kingsoft Game and Rovio Entertainment to facilitate the return of the Angry Birds series to mainland China [1] - The first step of this partnership includes the launch of two core Angry Birds IP titles for the Chinese market: "Angry Birds: Classic Return" and "Angry Birds: Dream Blast" [1] - "Angry Birds: Classic Return" features a 3D engine, dynamic level design, and a new magic system, while "Angry Birds: Dream Blast" offers a casual bubble-popping puzzle experience [1] Group 2 - Rovio Entertainment, known for the Angry Birds IP, has achieved over 5 billion downloads globally since its launch in 2009, making it one of the most iconic mobile game IPs [2] - The company has expanded its brand beyond gaming into animation, entertainment content, consumer products, and brand licensing [2] - Rovio operates multiple game studios worldwide, with headquarters in Finland and additional studios in Sweden, Denmark, Spain, Canada, and Turkey [2] Group 3 - Kingsoft Game, established in 2020 as a subsidiary of Kingsoft Corporation, is headquartered in Beijing and has R&D centers in Wuhan and Zhuhai [4] - The company has previously launched successful titles such as "Bubble Pop" and the "Cat and Soup" series [4] - Recently, Kingsoft Game and Huya jointly released the social deduction mobile game "Goose Duck" which gained over 5 million new registered users within 24 hours of its launch [4]

1月21日上午，《愤怒的小鸟》官方发文宣布重返中国市场，由金山世游独家发行并运营。随后，# 愤 怒的小鸟CEO感谢中国玩家#等话题登上微博热搜，引发热议。 Rovio首席执行官亚历山大·佩尔蒂埃-诺曼德表示："中国玩家长久以来的热情与期待始终是我们最强大 的动力源泉。"他还指出，中国玩家是最有创意的玩家。 据悉，此次《愤怒的小鸟：经典归来》在标志性弹弓玩法的基础上，推出全新魔法系统及国服独占的地 图编辑器"捣蛋工坊"实现全面升级。 1月21日上午，《愤怒的小鸟》官方发文宣布重返中国市场，由金山世游独家发行并运营。随后，# 愤 怒的小鸟CEO感谢中国玩家#等话题登上微博热搜，引发热议。 Rovio首席执行官亚历山大·佩尔蒂埃-诺曼德表示："中国玩家长久以来的热情与期待始终是我们最强大 的动力源泉。"他还指出，中国玩家是最有创意的玩家。 据悉，此次《愤怒的小鸟：经典归来》在标志性弹弓玩法的基础上，推出全新魔法系统及国服独占的地 图编辑器"捣蛋工坊"实现全面升级。 责任编辑：王翔 责任编辑：王翔 ...

Core Viewpoint - The media sector is expected to outperform the market in 2025, driven by a recovery in industry sentiment, abundant product supply, and stable approval of licenses, with the gaming sub-sector leading the growth [1][2]. Group 1: Sector Overview - The media sector is projected to increase by 24.75% in 2025, outperforming the market and ranking 8th among 31 sub-industries, with gaming leading the sector with a 60.67% increase [2]. - The industry experienced a revenue growth of 5.92% and a profit growth of 37.12% in the first three quarters, driven by earnings per share (EPS) [2]. - Current industry valuations are at the 47th percentile level over the past three years, indicating attractive valuations for gaming and film sectors [2]. Group 2: Gaming Sector - The mobile gaming market is expected to achieve sales revenue of 257.08 billion yuan in 2025, reflecting a year-on-year growth of 7.92% [3]. - New game releases such as "Supernatural Action Group" and "Staff Sword Legend" have exceeded expectations, while established titles like "Honor of Kings" and "Peace Elite" continue to perform well [3]. - The approval process for game licenses in 2025 is stable, benefiting supply-side growth, and various game companies are completing organizational adjustments, leading to a new product cycle [3]. Group 3: Film and Television Sector - The implementation of the "Broadcasting 21 Articles" policy in 2025 is favorable for long-form dramas and variety shows [4]. - The domestic short drama market is projected to reach 67.79 billion yuan in 2025, a year-on-year increase of 34.4%, with IAA accounting for 71% of the market [4]. - The overseas short drama market is expected to grow by 145.7% to 21.07 billion yuan in 2025, with increased competition among platforms [4]. Group 4: AI Applications - AI model capabilities are continuously iterating, with major models like Gemini 3 and ChatGPT 5.2 gaining traction [5]. - The commercialization of AI is accelerating, with OpenAI's annual recurring revenue expected to reach 12 billion USD by July 2025, and various vertical applications generating over 100 million USD in annual revenue [5]. - Investment opportunities in AI applications are anticipated to grow, particularly in AI video, advertising, and gaming sectors [5]. Group 5: Recommended Stocks - Companies to watch include Giant Network, Kaiying Network, Perfect World, Century Huatong, 37 Interactive Entertainment, G-bits, Shenzhou Taiyue, Zhejiang Shuculture, Kunlun Wanwei, Kuaishou, Xindong Company, Yaoji Technology, Shanghai Film, Mango Super Media, Southern Media, and Wanxin Media [6].