Core Insights - Kaiying Network (002517) reported a revenue of 2.578 billion yuan for the first half of 2025, representing a year-on-year growth of 0.89%, while the net profit attributable to shareholders reached 950 million yuan, up 17.41% year-on-year, showcasing resilience and growth amid industry recovery and AI innovation acceleration [1] Group 1: AI Innovations and Strategic Developments - The company is focusing on a diversified strategy, emphasizing "AI + IP" as two key business modules, in response to the booming AI sector and the recovery of the gaming industry [1] - The launch of the "SOON" AI full-process development platform allows for the generation of playable games from a single sentence input, significantly reducing the traditional game development cycle from months to hours, thereby enhancing efficiency and lowering costs [1][2] - "SOON" breaks down game generation into three core elements: art assets, code creation, and numerical design, utilizing AI agents for collaborative module generation, and introduces the role of "game preset designers" to streamline the game creation process [2] Group 2: Emotional Companionship and AI Hardware - Kaiying Network is venturing into the emotional companionship sector with the launch of the "Warm Star Valley Dream Journey" AI toy brand, featuring smart toys that provide personalized emotional support through AI capabilities [2] - The company is also involved in the development of the world's first 3D EVE AI companionship application, which aims to establish long-term virtual emotional connections using self-developed multimodal interaction systems [2] - In the AI hardware space, the company’s invested enterprise DPVR unveiled the DPVR AI Glasses, equipped with advanced features such as electronic image stabilization and intelligent interaction capabilities [3]

Core Viewpoint - The company, Kaiying Network, showcased its diversified strategy beyond core gaming business through an AI technology and IP ecosystem launch event, highlighting various innovative products and projects in AI and traditional culture digitization [1][3]. Group 1: AI Technology Developments - The SOON game AI development platform was introduced, claiming to automate the entire game development process, reducing the traditional timeline from months to hours [2]. - The "Warm Star Valley Dream Journey" AI toy brand was launched, featuring AI-enabled plush toys capable of emotion recognition and interactive experiences, set to launch by 2025 [2]. - The DPVR's DPVRAIGlasses were unveiled, equipped with advanced features for stable imaging and intelligent interaction, with an upcoming official release [2][3]. - The 3DEVEAI smart companionship application was presented, aiming to create deep virtual emotional connections, expected to launch in 2025 [3]. Group 2: IP and Cultural Projects - The traditional craft-themed IP "Hundred Crafts Spirit" celebrated its third anniversary, with nearly 100 comic episodes and plans for overseas distribution, alongside an audio book and a second season of animation scheduled for early 2026 [3]. - The cross-dimensional IP "Seasonal Spirits" announced a strategy for 2025 focusing on short dramas, cultural tourism, and international expansion [3]. - The male-oriented short drama "Passionate Years," focusing on entrepreneurial stories, was previewed, with 24 episodes completed and set to be released on long video platforms [3]. Group 3: Strategic Focus - The company emphasized that "AI + IP" is a crucial business module, aiming to integrate technological innovation with cultural digitization and intelligent interaction to create a new digital lifestyle ecosystem [3].