智通财经APP讯，1月30日晚，游族网络(002174.SZ)发布2025年年度业绩预告。报告显示，公司2025年 度预计营收13.8-14.6亿元，在持续优化成本结构的基础上，整体经营保持稳健态势，并且经营活动产生 的现金流量净额较上年有明显增长。 此外，游族网络亦积极拓展布局AI互动文化产业生态，目前已在AI算力、AI智能体及应用等方向进行 布局，为未来发展创造新动能。 游族网络不仅战略投资了国产GPU龙头企业壁仞科技与曦望，更与曦望及世纪互联等企业达成战略合 作，分别致力于推进数字经济算力协同和绿色算力项目。 报告期内，公司海外地区收入同比提升，收入占比预估超65%，主要得益于《战火与永恒》《权力的游 戏 凛冬将至》等SLG产品的长线精细化运营。 游族网络持续推进内部效能革新，公司打造的"YOOZOO.AI"智能体聚合平台，有效提升了全球化研运 全链路工作的智能化变革。 ...

游族网络还通过多维品牌活动，以丰富场景增强用户参与感与品牌认同。报告期内，公司成功举办了 《少年三国志》系列十周年庆生会、616少年节等活动。 游族网络亦积极拓展布局AI互动文化产业生态，目前已在AI算力、AI智能体及应用等方向进行布局， 为未来发展创造新动能。 1月30日晚，游族网络（002174.SZ）发布2025年年度业绩预告。报告显示，公司2025年度预计营收13.8- 14.6亿元，在持续优化成本结构的基础上，整体经营保持稳健态势，并且经营活动产生的现金流量净额 较上年有明显增长。 报告期内，公司海外地区收入同比提升，收入占比预估超65%，主要得益于《战火与永恒》《权力的游 戏 凛冬将至》等SLG产品的长线精细化运营。 此外，游族网络围绕既有IP产品已储备小游戏版本并陆续发行，国内小游戏赛道取得实质性突破。公司 通过自研产品《少年三国志-怀旧版》成功切入小游戏市场，并储备《大皇帝》《少年三国志战略版》 等IP改编的小程序游戏。 ...

Core Insights - The forum focused on the theme "Insight · Responsibility · Growth" and featured multiple keynote speeches along with the release of several industry reports, including the "Women-oriented Game Research Report" and the "2025 China Game Industry Minor Protection Report" [1][4][5] Group 1: Women-oriented Games - Women-oriented games are specifically developed for female players and represent one of the fastest-growing segments in the gaming industry, contributing to the growth of IP ecosystems and cultural innovation [4] - The report emphasizes the economic, cultural, and social value of women-oriented games, highlighting their role in emotional support and cultural transformation [4] - The report identifies challenges faced by women-oriented games and suggests collaborative efforts to create a healthy ecosystem for their development [4] Group 2: Minor Protection in Gaming - The "2025 China Game Industry Minor Protection Progress Report" indicates that 13.42% of minors spend over 4 hours daily on online entertainment, with online gaming accounting for 19.7% of their entertainment time [5] - The report shows that 71.0% of minors have their gaming time limited to 3 hours per week, and 90.4% do not exceed monthly spending limits [5][6] - Emphasis is placed on the need for collaboration among families, schools, and society to ensure the long-term protection of minors in gaming [6] Group 3: Industry Trends and Opportunities - The "2026 China Game Industry Trends and Potential Analysis Report" highlights that shooting games contributed over 10 billion yuan to the market in 2025, marking a key growth driver [8] - The report outlines a dual structural shift in the gaming industry from product competition to ecosystem operation and from gameplay satisfaction to emotional design [8][9] - Key growth directions include platformization, IP ecosystem development, and the integration of user-generated content (UGC) and mini-program games [9][10] Group 4: Globalization and AI in Gaming - The gaming industry is increasingly focusing on globalization as a strategy for growth, with companies like Youzu Network emphasizing the importance of cultural resonance and AI innovation [13] - AI is becoming a critical factor in enhancing efficiency and transforming operational models within the gaming industry [20][27] - Companies are exploring AI-driven solutions to improve user engagement and reduce customer acquisition costs, indicating a shift towards value competition in the industry [20][27] Group 5: Payment Strategies and Monetization - The strategic value of payment systems in gaming is highlighted, with third-party payment solutions becoming essential for fine-tuned operations and compliance [22] - Companies are addressing monetization challenges through innovative advertising solutions and mixed monetization strategies to enhance user experience and return on investment [24][25] Group 6: Community and Cultural Engagement - The "Oasis Guardian Public Welfare Action" initiative aims to enhance the protection of minors in gaming, reflecting a commitment to social responsibility within the industry [29][30] - The initiative seeks to establish a replicable model for minor protection through collaboration among enterprises, experts, and communities [30]

Core Insights - The 2025 China Game Industry Annual Conference highlighted AI, engine development, and mixed reality (XR) as key investment areas for companies in the gaming sector [1][2] - AI technology is deeply integrated into game design, user behavior analysis, and operational strategy optimization, becoming a focal point for future capital investments [1][2] Group 1: AI Integration in Game Development - Multiple game companies are actively incorporating AI across the entire game development and operation process, significantly enhancing efficiency and reducing creative barriers [3] - Century Huatong reported that AI is integrated into approximately 80% of its game development processes, improving creative efficiency and reducing costs [3] - 37 Interactive Entertainment's AI model "Xiao Qi" has improved the digital efficiency and quality of content by integrating over 40 AI capabilities, with AI-generated 2D art assets exceeding 80% [3] Group 2: AI's Impact on Operational Efficiency - Youzu Network has developed an internal platform "YOOZOO.AI" that enhances efficiency across research, publishing, and localization, achieving a 3-5 times increase in production efficiency [4] - Tencent has established a comprehensive AI capability system, with its latest AI-driven 3D character animation pipeline achieving up to 8 times efficiency improvement in certain production stages [4] Group 3: AI Applications in Game Marketing and User Engagement - AI is transforming game marketing and operations by generating advertising materials and analyzing user data, leading to a 20%-40% reduction in customer acquisition costs [7] - AI-driven content generation allows for personalized gaming experiences, significantly expanding game content boundaries and reducing user churn rates [7] Group 4: AI's Role in Global Market Expansion - China's self-developed games achieved overseas sales of $20.455 billion in 2025, with AI technology becoming a critical factor in enhancing operational efficiency for international competition [9] - Companies like Chuangmeng Tiandi are leveraging AI to capture real-time feedback from global social media, aiding in content iteration and localization for long-term operational products [9] Group 5: Future Trends in AI and Game Development - The integration of AI across the game development pipeline is expected to shift focus towards creativity, with the potential for AI to autonomously generate games based on a single theme or idea [8] - The deep integration of AI in game development and operations is seen as essential for achieving high-quality growth in the global gaming market [11]

Core Viewpoint - The article discusses the tumultuous history and recent financial performance of Youzu Interactive, highlighting its dramatic profit fluctuations and a significant investment in AI technology as a potential turning point for the company [2][4][25]. Financial Performance - Youzu Interactive reported a staggering 1374.6% year-on-year increase in net profit for the third quarter of 2025, following a 989% increase in the first half of the year [6][8]. - However, the company's non-recurring net profit showed only a slight increase of 0.85%, indicating that the profit surge may not be driven by core gaming operations but rather by investment income [7][8]. - The company's operating cash flow was negative, with a net cash outflow of 90.44 million, representing a 163% year-on-year decline [8]. Historical Context - The company's troubles began in 2020 when founder Lin Qi died under suspicious circumstances, leading to a protracted legal battle and significant operational disruptions [10][11]. - Following Lin's death, a complex inheritance dispute arose, resulting in the transfer of 11.72% of the company's shares to a new entity, Shanghai Jiayou, effectively leaving Youzu without a controlling shareholder [13][14][18]. Strategic Moves - Youzu has made significant workforce reductions, cutting 34.9% of its total staff in 2023, and has appointed new executives to revitalize the company [20][21]. - The company is focusing on its core gaming business, particularly on long-term product development, but faces challenges in launching new successful titles [21][22]. - The anticipated game adaptation of the popular IP "The Three-Body Problem" has faced delays and financial strain, prompting the company to halt two game development projects to bolster liquidity [23][24]. AI Investment - Youzu announced a plan to invest up to 1 billion in the "Wuxi Cloud Star Intelligent Computing" partnership, positioning this move as a strategic pivot towards AI technology [2][25]. - The company aims to leverage AI as a new growth narrative amidst declining performance in its traditional gaming business [24][25].

Core Viewpoint - Yozu Network has reported a remarkable increase in net profit for the first three quarters of the year, driven by strong performance from its game portfolio and a low base effect from the previous year [1][2] Financial Performance - For the first three quarters, the company achieved a revenue of 1.019 billion yuan, representing a year-on-year growth of 2.2% [1] - The net profit attributable to shareholders reached 76.36 million yuan, showing a staggering year-on-year increase of 1374.6% [1] - In the third quarter alone, the company generated revenue of 331 million yuan, up 11.99% year-on-year, and net profit of 26.20 million yuan, which is a remarkable increase of 4466.74% [1] Product and Innovation - The company's game titles, including "少年三国志" series, "少年西游记" series, "Game of Thrones: Winter is Coming," and others, have performed exceptionally well due to continuous version updates and gameplay innovations [1] - Yozu Network has effectively extended the product lifecycle through deep IP cultivation in the era of stock competition [2] User Engagement and Marketing - The company has enhanced user engagement by integrating online and offline interactive scenarios, exemplified by a creative light and shadow interactive installation at the Shanghai International Light and Shadow Festival [2] Technological Advancements - Yozu Network has launched an integrated intelligent platform "YOOZOO.AI," which covers the entire process from art asset generation to market promotion, significantly improving the efficiency of global game development and operations [2] - The company has made significant progress in AI computing power, including strategic partnerships to build a secure computing power foundation for various key industries [2]

Core Viewpoint - Youzu Interactive Co., Ltd. reported significant growth in net profit and revenue for the first three quarters of 2025, indicating a strong performance driven by its global strategy and innovative game offerings [1] Financial Performance - The company achieved a revenue of 1.019 billion yuan, representing a year-on-year increase of 2.20% [1] - The net profit attributable to shareholders reached 76.3552 million yuan, showing a remarkable year-on-year growth of 1374.60% [1] - In Q3 alone, Youzu Interactive generated revenue of 331 million yuan, up 11.99% year-on-year, and net profit of 26.1999 million yuan, which is a staggering increase of 4466.74% compared to the same period last year [1] Strategic Initiatives - Youzu Interactive is deepening its "Global Card+" strategy, which has shown significant results in long-term global game operations [1] - The company’s successful titles, including "少年三国志" series, "Game of Thrones: Winter is Coming," "War and Users," and "Crimson Echo," have benefited from continuous version iterations and gameplay innovations [1] - The integration of cutting-edge technologies like AI into game development and operations is expected to unlock future growth potential for the company [1]

Core Viewpoint - Youzu Interactive reported a steady growth in revenue and net profit for the first three quarters of 2025, indicating strong operational performance and strategic initiatives in product diversification and AI integration [1] Financial Performance - The company achieved a revenue of 1.019 billion yuan for the first three quarters, representing a year-on-year increase of 2.20% [1] - The net profit attributable to shareholders reached 76.3552 million yuan, showing a significant year-on-year growth of 1,374.60% [1] - In the third quarter alone, the revenue was 331 million yuan, with a net profit of 26.1999 million yuan, continuing the robust growth trend observed in the first half of the year [1] Product and Strategic Initiatives - Youzu Interactive has been enhancing product vitality through refined operations, with stable revenue growth from long-term products such as the "Youth Three Kingdoms" series and "Game of Thrones: Winter is Coming" [1] - The company is expanding its diversified product matrix, which is crucial for maintaining steady growth [1] - There is a continued focus on AI interactive cultural ecosystem development, with strategic partnerships formed with companies like Xiwang, Great Wall Technology, and Shenzhen Secret Computing for business innovation exploration [1]

Core Viewpoint - The second Shanghai International Light and Shadow Festival opened on September 19, showcasing a giant interactive light installation created by the gaming company Youzu Interactive, which also featured popular game characters from its titles [1] Company Overview - Youzu Interactive has developed numerous game products, including the "Youth Three Kingdoms" series, "Goddess Alliance" series, "New Tomb Raider Notes," "Game of Thrones: Winter is Coming," and "Saint Seiya Awakening: Knights of the Zodiac," among others [1] - The company has accumulated over 1 billion global users across its game portfolio [1] Future Goals - The company aims to build a symbiotic mechanism between gaming and culture, leveraging its strengths in technology, IP culture, and resource integration [1]

Group 1 - The second Shanghai International Light and Shadow Festival will officially commence on September 19, themed "Light Up Shanghai," aiming to activate urban spaces through light and shadow art, showcase city vitality, promote commercial prosperity, disseminate urban culture, and highlight city spirit [1] - The festival is organized by multiple Shanghai municipal departments and will feature one main venue and 16 sub-venues, planning to host 177 themed events [1] - The first edition of the festival attracted over 16.2 million participants and achieved a media reach exceeding 3 billion, establishing itself as a significant platform for promoting the integration of urban culture and tourism [1] Group 2 - Youzu Interactive, the parent company of several well-known game products including the "Youth Three Kingdoms" series, has over 1 billion global users [2] - The second Shanghai International Light and Shadow Festival aims to leverage the interconnectedness of various sectors such as commerce, tourism, culture, art, and exhibitions to inject new momentum into the high-quality development of Shanghai's cultural tourism industry [2] - Youzu Interactive is focused on building a symbiotic mechanism between games and culture, enhancing the cultural dissemination value of games, and encouraging young people to inherit and promote excellent traditional Chinese culture through various means, including collaboration with intangible cultural heritage IPs [2]