《九木之野》

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2025年中期策略 - 传媒:消费引爆,内容复苏,AI起量
2025-06-24 15:30
2025 年上半年传媒行业有哪些主要看点? 2025 年上半年,传媒行业呈现出多个亮点。首先,游戏板块表现出色,多家 公司如巨人网络、完美世界、吉比特、凯英网络和三七互娱等推出了备受市场 期待的新产品。此外,影视板块也显示出内容复苏的迹象,特别是短剧业务的 高速成长。新消费加 IP 潮玩领域,如泡泡玛特在情绪消费驱动下股价屡创新高。 港股互联网板块由于承接外溢流动性表现良好。 新势力汽车延续高增长,2025 年前四月新能源汽车产销量同比增 48.3%和 46.2%,渗透率提升至 42.7%。看好理想汽车 I8 和 I6 车型, 空间和续航具优势,纯电平台设计提升空间,实际续航可达 500 公里, 高速公路超充站提供支持。 教育板块关注 AI 加教育主题,新东方估值约 12-13 倍,今年利润增速 预计 30%,思考乐严重超跌,估值仅 8-9 倍,利润增速超 30%。斗神 教育 AI class 产品具领先优势,盛通股份与宇树合作推出联动课程,天 利国际 PE 仅 10 倍,利润增速预计 25-30%。 2025 年中期策略 - 传媒:消费引爆,内容复苏,AI 起量 20250624 摘要 传媒互联网板块受益于 ...
吉比特20250603
2025-06-04 01:50
Summary of G-bits Conference Call Company Overview - G-bits is a gaming company with a core valuation range of 15-19 times earnings, reflecting optimism for growth in the gaming sector due to the upcoming summer season and advancements in AI applications [2][3]. Key Products and Market Performance - **"Wanjie Changsheng"**: Launched in January, it generated 360 million in revenue and maintained monthly revenue in the tens of millions during Q2, exceeding profit expectations but still lagging behind "Yinian Xiaoyao" [2][4]. - **"Wandao Mobile Game"**: The anniversary event showed stable performance, positively impacting Q2 results, indicating the ongoing profitability of older products [2][4]. - **"Zhangjian Chuan Shuo"**: Its ranking on sales charts has been steadily rising, with expectations to contribute profits in Q3, showcasing strong market potential [2][4]. - **"Jiumuzhiyu"**: An upcoming SLG agency product currently in the second round of testing, its performance will determine its launch timing and impact on annual results, making it a key factor for future growth [2][5][6]. Financial Expectations - G-bits is projected to achieve a profit of approximately 1.05 billion this year, corresponding to a valuation of 19 times earnings, providing a reference point for investors [2][4]. Industry Insights - The overall performance of the gaming sector in Q2 2025 was strong, continuing a high growth trend. The market share of A-share gaming companies increased due to weaker product lines from major players like Tencent and NetEase [3]. - The gaming sector's valuation is on an upward trajectory, with core companies valued between 15-19 times earnings, leading to a recommendation for overweighting the gaming sector [3]. Strategic Adjustments - G-bits has undergone organizational and strategic adjustments after facing challenges, with the founder personally involved in R&D. The company is focusing its release strategy, indicating potential for improved product realization and profitability [2][7]. - The company is positioned as a small yet innovative gaming firm, suggesting a balanced approach in R&D and distribution, warranting close attention to new product developments and market performance [7].
游戏还有哪些产品值得期待?
2025-05-08 15:31
游戏还有哪些产品值得期待?20250508 摘要 • 2024 年游戏行业公司业绩分化,恺英网络营收亮眼达 13.5 亿元并扭亏为 盈,但三七互娱和泰岳信息因营销费用及产品挤压低于预期,反映行业竞 争加剧。 • 恺英网络和华通未来胜率较高,吉比特凭借《战舰传说》和《九木之野》 等储备产品有望增长,其市场地位相对稳固,具备增长潜力。 • AI 与游戏结合前景广阔,《恋与深空》通过 3D AR 场景建设助力叠纸收 入大幅增长,预示 AI、AR、虚拟人等技术将提升游戏沉浸感和用户体验。 • MMORPG、SLG 和休闲赛道值得关注,MMORPG 和 SLG 生命周期长且 能融合多种玩法,休闲游戏在欧美市场表现突出,国内碎片化时间增多也 提供契机。 • 2025 年大量新游上线,恺英网络储备最多,包括《斗罗大陆:诛仙传 说》和《盗墓笔记:起程》,三七互娱、腾讯、网易等也有大量储备。 • 恺英网络重点产品《斗罗大陆:诛仙传说》通过平 A 深度化设计实现连招, 《盗墓笔记:起程》结合龙与地下城和 ARPG 类型,创新品类。 • 巨人网络新作包括《超自然行动组》、《5,000 年》和代号杀,分别集合 中式恐怖、历史策略和创 ...