On June 8th, during the morning session, the gaming sector continued to fluctuate downward, with the largest gaming ETF, ChinaAMC (159869), currently down about 1.5%. Among the holdings, Zhejiang Shuju Culture, Xunyou Technology, Giant Network, Kaiying Network, Shunwang Technology, and 37 Interactive Entertainment saw significant declines, while Youzu Interactive, Perfect World, ShengTian Network, and Aofei Entertainment bucked the trend and rose. On the news front, Guosen Securities pointed out that the pace of game license issuance continued in April and May, with a dense release of new IP trendy toys, indicating sustained industry prosperity.

On the product side, Perfect World's "Yihuan" new card pool broke 100 million in overseas revenue on its first day, setting a new record. As of June 4th, the revenue structure of "Yihuan" is primarily from large screens, with domestic PC accounting for about 60% and overseas PC + PS console accounting for about 70%, which is expected to bring high gross and net profit margins. On the industrial side, on June 5th, NVIDIA CEO Jensen Huang visited South Korea, meeting with several esports players and also meeting with executives from gaming companies NCsoft and Krafton, the latter of which is deeply involved in AI models and native games. In terms of performance rhythm, considering the deferred reporting, the top new products in the industry in 2025-2026 may drive the gaming sector's performance to enter an explosive period in Q2-Q3 of 2026.

The gaming sector has multiple catalysts for transformation in AI, content, and commercialization models. The gaming ETF ChinaAMC (159869) tracks the CSI Dynamic Gaming Index, leading the market in AI application content and accurately covering the overall performance of the A-share animation and gaming industry. Currently, the gaming sector is experiencing a surge driven by favorable policies, product cycles, and AI empowerment, which may focus on the window for layout in the gaming track