The Zhitong Finance App learned that gaming stocks generally rose in early trading. As of press release, Xindong (02400) rose 5.2% to HK$14.56; Bilibili-W (09626) rose 4.57% to HK$89.15; Tencent Holdings (00700) rose 4.34% to HK$317; NetEase (09999) rose 4.27% to HK$148.9.
According to Open Source Securities, on April 8, the State Press and Publication Administration announced the approval information for 14 imported game versions. Since then, 46 imported versions have been issued in 2024, while only 27 models have been distributed in the same period in 2023. The continuous distribution of versions, the increase in quantity, and the acquisition of version numbers for blockbuster games help to continue to release game supply.
In addition, several major games will be launched in the near future, including Bilibili's “Three Kingdoms: Determining the World” (expected April 30); Heartcom's “Let's Go Muffin” (expected May 15). On April 10, Blizzard and NetEase restarted cooperation. Blizzard's games will return to the mainland China market one after another in the summer of 2024, or bring incremental users and revenue to the domestic e-sports game market. The game sector's performance may gradually recover as supply continues to be released and driven by AI.