2025 年版号数量创多年新高，继续推荐游戏板块投资机 会 20251230 2025 年游戏版号发放情况如何？ 2025 年游戏版号发放数量创下新高，体现了行业供给的充足性。12 月国家新 闻出版署发放了 147 个版号，其中 144 个为国产游戏，3 个为进口游戏。腾讯 的《QQ 经典农场》手游、凯英网络的《梦境守望者》、三七互娱的《荒漠沙 洲》、华通的《青松传奇》和神州泰岳旗下可木的《破晓危城》等上市公司产 品均获得版号。此外，乐元素的二次元开放世界项目《白银之城》也获批。 2025 年游戏版号发放有哪些亮点？ 2025 年有几个显著亮点：首先，全年过审版号总量达到 1,771 款，同比增长 25%，其中国产 1,676 款，进口 95 款。其次，进口版号发放节奏加快，自 2024 年 10 月起按月规律发放。第三，受益于主机和 PC 游戏兴起及多端互通 趋势，双端和三端游戏版号数量显著增长。双端游戏 131 个，比去年 106 个 主机游戏平台增速超过 80%，增长显著。双端游戏版号 131 个，三端 游戏 8 个，为历年来最高，受益于主机和 PC 游戏兴起及多端互通趋势。 小程序游戏平台保持 34% ...

Group 1: Market Overview - The overall market shows a positive trend with the Shanghai Composite Index closing at 3963.68, up by 0.10% [1] - The Shenzhen Component Index increased by 0.54%, closing at 13603.89, while the ChiNext Index rose by 0.14% to 3243.88 [1] - The CSI 300 Index also saw a gain of 0.32%, ending at 4657.24, indicating a generally bullish sentiment in the market [1] Group 2: Economic Insights - The Chinese ETF market has reached a record high of 6.03 trillion yuan, marking an increase of over 60% year-to-date [23][24] - The Ministry of Finance announced a continuation of a more proactive fiscal policy in 2026, aiming to expand fiscal spending [21][22] - The People's Bank of China is focusing on creating a favorable environment for long-term investments in A-shares, aiming to increase the scale and proportion of various long-term funds [27][28] Group 3: Industry Dynamics - The establishment of the Human Robot and Embodied Intelligence Standardization Technical Committee by the Ministry of Industry and Information Technology aims to promote the development of the humanoid robot and embodied intelligence industry [29][30] - The total box office for Chinese films in 2025 reached 51.2 billion yuan, with over 1.22 billion viewers, setting new annual records [31][32] - The approval of 1771 games in 2025 marks the highest number in seven years, indicating a robust gaming industry [33] Group 4: Company Updates - Heng Rui Medicine has licensed its SHR6508 project rights in mainland China to Hansoh Pharmaceutical, receiving an upfront payment of 30 million yuan [39][40] - Chipmaker Chipone Technology reported a significant increase in new orders, totaling 2.494 billion yuan, a 129.94% increase compared to the previous year's fourth quarter [42] - Shengyi Technology announced an adjustment to its share repurchase price ceiling to no more than 144.36 yuan per share [43][44] - Jianlin Home has entered into a strategic partnership with Jieka Robotics to enhance its smart home offerings [45][46] Group 5: Regional Economic Developments - In Changsha, the import and export volume maintained growth, with "new three samples" products seeing an export increase of 86.7% [50][52] - The city reported a total import of 2.5944 trillion yuan in the first eleven months of 2025, reflecting a 2.7% year-on-year growth [51]