On May 20, the official website of the State Press and Publication Administration published the approval information for domestic online games in May 2024. A total of 96 games were approved, along with 7 game approval changes.

The number of editions is stable, and products such as Kaiying Network, Gibbitt, 37 Entertainment, and Century Huatong are on the list. The May batch had a total of 96 domestic game versions, which was the same as April (95), including 90 mobile products and 6 dual-end (mobile and client) products; in terms of specific products, Kaiying Network's “Baigong”, Century Huatong's “Icefield Starfire”, Gibbitt's “Fight Two Cities: Reconstructed”, “Four Seasons City and Domino”, Shunwang Technology's “Gigu Party”, Shengtian Network's “Misty Park”, and Ali's “Mysterious Chronicles” were approved.

In addition, there is approval change information for 7 games. The central network “Torchlight: Infinity” added client reports.

According to a research report released by Guotai Junan Securities, the game company's product pace can be expected to become more stable with the release of the fifth batch of domestic game versions in 2024. In the context of the normalization of version supply, optimism on the policy side, the gradual opening up of product supply in the game market also reflects the continuous improvement of the operating pace of various companies.

The team believes that the game industry as a whole is currently undervalued, and companies with rich reserves of high-quality content and solid fundamentals will take the lead in repairing it.

According to Guotai Junan Securities Research, companies with rich reserves of high-quality content and solid fundamentals will take the lead in restoration.

Game-related businesses include:

Tencent Holdings (00700), NetEase - S (09999), Xindong (02400), China Mobile Games (00302)