Jinwu Financial News | Gaming stocks rose at the beginning of the market. NetEase (09999) rose 3.74%, Bilibili (09626) rose 1.13%, and Xindong (02400) followed.

The State Administration of Press and Publication announced approval information for domestic online games in June 2024. A total of 104 games received edition numbers.

According to an analysis by Haitong Securities, market demand in the game industry is still strong. As the distribution of game versions gradually becomes routine, it is expected that major game companies will continue to launch high-quality game products, which will further promote the prosperity and development of the entire industry. At the same time, Haitong Securities is optimistic about the widespread application of artificial intelligence technology, believing that with the widespread application of AI technology in terminal devices, it will open up more diverse user demand scenarios. Therefore, Haitong Securities particularly recommends focusing on leading companies in the Internet and gaming industry that have rich reserves of high-quality products.

Wanlian Securities said that the Chinese game market picked up significantly in 2023. As versions continue to be normalized and the pace of new product launches stabilizes, popular mobile IPs and new 3A games are attracting market attention. They are optimistic about the rise in gaming sentiment, which is expected to drive the market to achieve steady growth in the second half of 2024.