Group 1 - Chengdu's digital cultural and creative industry has been actively engaging in various initiatives since September, including the 2025 Tianfu Cultural and Creative Summit and a cultural exchange event with Japan, aimed at fostering international collaboration and industry partnerships [1][2] - The Chengdu Digital Cultural and Creative Industry Association held its first member meeting, focusing on high-frequency exchanges, resource integration, and promoting local IP development to enhance the industry's quality growth [1] - Chengdu has established itself as one of China's four major gaming and animation bases, with a complete ecosystem comprising core enterprises, supporting chains, and derivative services, driven by supportive policies [2] Group 2 - The digital cultural and creative industry in Chengdu is experiencing rapid growth, particularly in animation and gaming, with notable works like "Nezha" and "The King's Avatar" gaining significant popularity [2][3] - The industry is expected to diversify, integrating with literature, film, and toys, while also increasing international presence and leveraging new technologies like 5G and AI for innovation [3] - Key factors for further development include talent cultivation, policy support, market operations, and international cooperation, which will enhance the industry's growth and global influence [3]

Core Viewpoint - The second Golden Panda Awards ceremony highlighted the success of the animated film "Ne Zha 2," which won the Best Animated Feature award, showcasing the growing influence of Chengdu's animation industry [1][5]. Group 1: Film Success - "Ne Zha 2" has achieved a domestic box office of 15.446 billion yuan and 324 million viewers since its release on January 29, 2025, making it the highest-grossing animated film in Chinese history [5]. - The film has also topped the global animated film box office charts and ranks fifth in the all-time global box office rankings [7]. Group 2: Industry Development - Chengdu High-tech Zone has become a hub for the digital cultural industry, with over 6,000 related enterprises, focusing on sectors like gaming, animation, and digital music [7]. - The collaborative ecosystem in Chengdu allows for efficient assembly of production teams, with nearly 2,000 special effects shots and over 10,000 special effects elements in "Ne Zha 2," supported by more than 100 domestic animation teams [7]. - The Tianfu Changdao Digital Cultural Park, where the animation company is located, hosts several leading animation firms, contributing to the production of major IPs like "Ten Thousand Cold Jokes" and "Shrouded Heaven" [7]. Group 3: Future Plans - Chengdu High-tech Zone plans to continue developing cultural IPs based on local heritage, such as the Sanxingdui and Three Kingdoms, while enhancing policy support and resource platforms for industry growth [9]. - The zone aims to strengthen its digital cultural industry by fostering leading IP creation companies and establishing a specialized fund to support the entire lifecycle of content production and distribution [9].

Core Insights - The success of the "Nezha" animated films is attributed to the collaborative efforts of over 138 animation companies and more than 4,000 individuals, highlighting the thriving digital cultural industry ecosystem in Chengdu [1][2] - The Tianfu Changdao Digital Cultural Park has seen a significant increase in digital cultural enterprises, growing from 10 to 64 in five years, with the "Nezha" phenomenon playing a crucial role in attracting new businesses [3][4] - The park's operational strategy includes lowering rental costs to optimize the business environment, with current rates as low as 70 yuan per square meter [3] Industry Development - The digital cultural industry in Chengdu has reached a scale exceeding 100 billion yuan, with a year-on-year growth of 10.3% in the first quarter of this year [5][6] - The park serves as a hub for top-tier animation talent, fostering a collaborative environment akin to an "animation Olympic Village," where companies work closely together on major projects [2][4] - The local government actively supports the industry by establishing a "Digital Cultural Industry Intellectual Property Protection Base" to safeguard intellectual property rights [9][10] Cultural Impact - The "Nezha" series has become a cultural symbol representing the pursuit of self and independence among contemporary youth, integrating local cultural elements into its narrative [3][8] - Chengdu's digital cultural scene is enriched by various innovative projects, such as the "Floating Plan," which combines traditional culture with modern entertainment experiences [5][6] - The collaboration between local enterprises and national teams has increased, with companies now seeking partnerships rather than the other way around, indicating a shift in the industry's dynamics [8]

Company Overview - Blueport Interactive (08267.HK) is primarily engaged in the development and publishing of online games, including mobile, web, and client games [2] - The company generates revenue through the sale of virtual goods and provides licensing and technical services [2] - Notable games under its portfolio include "Ten Thousand Cold Jokes," "Zhen Huan Zhuan," "Shu Shan Zhan Ji," and "Wang Zhe Zhan Hun" [2] - The company also invests in a third-party mobile game trading platform called "Tao Youxi," which focuses on game account transactions [2] Financial Performance - As of December 31, 2024, Blueport Interactive reported total revenue of 146 million yuan, representing a year-on-year increase of 7.78% [1] - The company's net profit attributable to shareholders was -29.03 million yuan, a decrease of 66.6% year-on-year [1] - The gross profit margin stood at 14.68%, while the debt-to-asset ratio was 25.77% [1] Market Performance - On July 11, the Hang Seng Index rose by 0.46%, closing at 24,139.57 points [1] - Blueport Interactive's stock closed at 0.495 HKD per share, up 20.73%, with a trading volume of 8.15 million shares and a turnover of 3.76 million HKD [1] - Over the past month, the stock has seen a cumulative increase of 41.38%, but it has declined by 12.77% year-to-date, underperforming the Hang Seng Index by 19.78% [1] Valuation Metrics - Currently, there are no institutional investment ratings for Blueport Interactive [2] - The software services industry has an average price-to-earnings (P/E) ratio of -10.24, with a median of -2.66 [2] - Blueport Interactive's P/E ratio is -4.81, ranking 122nd in the industry [2] - Comparatively, other companies in the sector have P/E ratios ranging from 3.57 to 5.85 [2]

Group 1 - The event "Digital Cultural Creation: Chengdu Journey" showcased over 20 international companies and more than 100 local digital cultural creation enterprises, resulting in the signing of 8 major projects with a total value exceeding 3 billion yuan [1] - The signed projects focus on various sectors including musical theater, esports, and e-commerce live streaming, with different districts in Chengdu leveraging their unique resources to accelerate the development of differentiated industry tracks [1] - Chengdu's digital cultural creation industry has seen rapid growth, with the core industry scale reaching 381.9 billion yuan last year, producing notable IPs such as "Nezha" and "Honor of Kings" [2] Group 2 - The "Chengdu-Deyang-Meishan-Zigong" digital cultural creation investment opportunity list was released, offering over 140 investment opportunities with a total cooperation amount exceeding 110 billion yuan [2] - Chengdu's digital cultural creation industry support policy package was promoted, focusing on five key areas including ecosystem construction, new productivity cultivation in the cultural sector, and talent development [2] - The event highlighted the launch of the "Chengdu Music Talent Work Incubation Plan," aimed at fostering music talent through collaboration with various industry leaders and educational institutions [1]