Kaiser(SZ:002425)2022-11-21 16:12Group 1: Regulatory Environment and Industry Response - The gaming industry has undergone over 3 years of regulatory adjustments since the suspension of game approvals in 2018, with measures including age-appropriate warnings and real-name authentication systems [3] - Game companies are actively cooperating with regulatory authorities to comply with new systems aimed at protecting minors [3] - The implementation of a scoring system for games has been in progress for several months, focusing on promoting positive energy and cultural heritage [3] Group 2: Company Strategies and Market Position - The company has two lines of defense: compliance with regulations in product development and collaboration with distributors for product acceptance [3] - The company supports national decisions on regulatory measures, emphasizing the importance of industry-wide adherence for healthier development [4] - The company has invested in overseas projects, with its game platform recognized as a key cultural export project, and has generated over $200 million in overseas revenue [4] Group 3: Product Development and Future Plans - The company plans to release two major products in Q3 2021: "Glory of the New Three Kingdoms" and "Naruto: Peak Showdown" [5] - Future product releases include several titles scheduled for 2022 and 2023, with a focus on maintaining a rich product pipeline [5] - R&D investments vary from 30 million to over 100 million, with an emphasis on increasing investment in high-quality products [6] Group 4: Financial Performance and Market Impact - The revenue from "Seven Heroes" in its first month approached 40 million, with expectations for a new season to boost performance [5] - Advertising and management expenses have increased, attributed to the promotion of "Seven Heroes" and normal asset amortization [5] - The company is considering share buybacks based on market conditions and will announce any actions taken [5]