On May 26, the gaming sector continued to experience fluctuations during the midday session, with the gaming ETF ChinaAMC (159869) down nearly 1%, opening a low-position layout channel. Most of the holdings fell, with Shunwang Technology, Glacier Network, Xunyou Technology, Fuchun Co., Ltd., and Shengtian Network among the biggest decliners.
In terms of news, on May 21, NetEase released its Q1 2026 financial report. NetEase's net revenue for the first quarter was 30.6 billion yuan, compared to 28.8 billion yuan in the same period last year; under non-GAAP, the net profit attributable to shareholders was 11.3 billion yuan. The financial report showed that the net revenue from games and related value-added services in the first quarter was 25.7 billion yuan, a year-on-year increase of 6.9%. On May 19, Bilibili announced its Q1 2026 financial report. The report showed that Bilibili's total revenue in Q1 was 7.47 billion yuan, a year-on-year increase of 7%, with a net profit of 202 million yuan, compared to a loss of 10.7 million yuan in the same period last year, achieving a year-on-year turnaround. In terms of gaming, Bilibili's mobile game business revenue in Q1 was 1.522 billion yuan, a decrease of 12% compared to the same period last year. The financial report indicated that this was mainly due to the high base effect brought by &#34;Three Kingdoms: Strategy of the World&#34; in the same period last year, which is currently transitioning to a stable long-term lifecycle.
The gaming sector is catalyzed by multiple factors including AI, content, and changes in commercialization models. The gaming ETF ChinaAMC (159869) tracks the CSI Dynamic Gaming Index, with AI application content leading the entire market, accurately covering the overall performance of the A-share animation and gaming industry. Currently, the gaming sector is benefiting from a combination of favorable policies, product cycles, and AI empowerment, which may focus on the layout window of the gaming track. In the context of the current A-share style rebalancing and accelerated internal rotation of the technology sector, gaming, as one of the sub-tracks with the most commercial certainty in AI applications, combines thematic elasticity with profit recovery logic

NTES

09626

BILI

09999

159869

On May 26th, the gaming ETF ChinaAMC (159869) fell nearly 1%, opening a low-position layout channel. NetEase and Bilibili released their Q1 2026 financial reports, with NetEase's gaming revenue increasing by 6.9% year-on-year, while Bilibili turned a profit but saw a 12% decline in mobile gaming revenue. The gaming sector is influenced by multiple factors such as policies, product cycles, and AI empowerment, presenting layout opportunities

同壁财经

NetEase

BILIBILI-W

Bilibili

NTES-S

ChinaAMC CSI Animation Game ETF

Shunwang Technology

BINGCHUAN

XYKJ

Fuchun Technology

Century

全指消费

The gaming sector continues to fluctuate, and the gaming ETF ChinaAMC (159869) opens a low-position layout window