Giant Network(SZ:002558)2026-02-24 03:45Company and Industry Summary Company: Giant Network Key Points - Performance of "Supernatural": The game "Supernatural" has shown exceptional performance during the Spring Festival, with revenue for the first 21 days of February reaching 193% and 135% of December and January's revenue respectively, indicating significant elasticity. The Daily Active Users (DAU) have reached new highs, maintaining a position in the iOS top-grossing chart between 6th and 9th place [1][1][2] - Strong Product Cycle: The company has a strong product cycle, with a focus on the potential of "Supernatural" to generate high DAU and revenue. The team has consistently identified and tracked the game's potential, leading the market in recognition and follow-up [1][1][2] - User Engagement and Innovations: The introduction of new characters and systems, such as the pet system, during the winter break has driven user engagement, resulting in new DAU records during the Spring Festival. The launch of new skins has also helped to restore weekly revenue to summer peak levels [2][2] - Market Positioning: "Supernatural" occupies a unique position in the micro-horror casual social gaming category, with no direct competitors currently in the market. This positions the game for continued user growth and the development of a player community [2][2] - AI Innovations: The company is exploring AI-driven gameplay innovations, building on previous experiences with games like "Ball Battle" and "Space Kill." This focus on AI is expected to enhance user engagement and commercial potential [4][4] - Long-term Growth Potential: The DAU games are anticipated to become a new lifestyle, with significant room for user growth and monetization. The company aims to leverage "Supernatural" for long-term, high-margin contributions to overall performance, enhancing the company's valuation [4][4] - Product Development Pipeline: The company is actively developing new gameplay innovations and has a pipeline of products, including "Five Thousand Years" and "Pocket Fighting," which are expected to validate the company's breakthroughs in gaming categories [4][4] Risks - Performance Risks: There are potential risks associated with new game performances not meeting expectations, as well as regulatory risks within the industry [5][5]