Kingnet Network's Q3 revenue and net profit both doubled, with a recent intensive testing of new games under its umbrella. | Interpretations
①In the domestic mobile gaming market, Q3 has seen a rebound, kingnet network (002517.SZ) with rich IP reserves achieved double growth in revenue and net profit, exceeding the general expectations of institutions; ②Since the beginning of the year, the company has already obtained ten game licenses, ranking at the forefront of the industry in reserves, and multiple new games have recently started testing.
G-bits network technology's Q3 revenue and profit both declined, with all quarterly profit used for dividends | Interpretations
①Due to the decline in core game revenue and profit, g-bits network technology's Q3 performance continued the downturn of Q2, with both revenue and profit declining; ②However, the company plans to distribute a cash dividend of 20.00 yuan (including tax) per 10 shares to all shareholders, totaling a cash dividend exceeding the company's Q3 net income attributable to shareholders; ③In addition, two key games under the company concluded the first round of paid testing and are expected to be launched between the end of this year and the first half of next year.
zhejiang daily digital culture group's subsidiary with losses introduced strategic investment of 0.14 billion, still included in the company's consolidated financial statements | Quick read announcement
1. The holding subsidiary, Communication Brain Technology Company, introduced Zhejiang Provincial Industry Fund of 0.14 billion yuan; 2. After the capital increase is completed, Smart Profit Dynamics remains a shareholder of Communication Brain Technology Company, holding 40%; 3. Communication Brain Technology's net income in 2023 is -25.998 million yuan.
Huawei Cloud releases HuaZhi Big Model 5.0. Rapid progress in the domestic AI big model industry.
① The Huazhi University Model Industry Application Seminar with the theme of “Symbiosis of Digital Intelligence and Win-win Industry” was held in Shanghai. The conference was co-hosted by Tongfang Knowledge Network and HUAWEI CLOUD. At the conference, Huazhi Grand Model 5.0 was released. ② The Hualong Securities Research Report said that technically, the domestic AI big model industry is developing rapidly, and leading manufacturers have basically completed comprehensive benchmarking of the GPT series models.
In a conversation with Ding Chaofan, the head of the giant network group AI lab, he is bullish on the future game form of non-linear open world, and optimistic about the directions of multimodal and AI Agent applications.
At the recent 2024 Yunqi Conference, the "AI Endgame Challenge" gameplay of Giant Network's popular logic party mobile game "Space Kill" made its debut at the exhibition and attracted attention. Ding Chaofan, the head of Giant Network's AI Laboratory, stated that the industry is still in the early stage of exploring AI Agents. He revealed that the team will focus on two main directions: multimodal capabilities and AI Agents.
The largest batch within the year! 117 domestic games have been approved for release, including NetEase and other listed game companies.
Following the approval of 15 imported games at the beginning of the month, 117 domestic games were issued with licenses this month, making it the month with the highest number of domestic game licenses issued so far this year.