Wang Tuo, chairman of Sheng Qu Games: Its "Shining Town" is the largest meta-universe game in China

The "metaverse" concept stock Century Huatong (002602) once again spoke out about the metacosm.

On January 11, at the annual meeting of Sheng qu games, Wang Tuo, chairman and CEO of Century Huatong and chairman of Sheng Qu Games, delivered a speech on "No Limits, Only Have a Better Future" online. In the speech, he once again mentioned that Century Huatong has already laid out its layout in advance in the metaverse field.

Wang Yao, chairman of Sheng Qu Games

He introduced that the "meta-universe" game "LiveTopia" developed by the Diandian Interactive Team of Century Huatong Group was launched on the Roblox platform last year, and has more than 100 million game users and 620 million cumulative visits so far. "This game is not only a phenomenon game on the Roblox platform, but also the largest metaverse game in China."

At the same time, he also said that the 20-year-long "Legend" IP dispute in China settled last year, and the Supreme People's Court confirmed three basic facts: the "Renewal Agreement" signed by Lansha Information (a wholly-owned subsidiary of Sheng Qu Games) and Atox in 2017 was valid; Yumei defied the objections of Atox and unilaterally promoted the exercise of the IP copyright of "Legend", constituting an abuse of rights; And Sheng Qu Games enjoyed the exclusive authorization of Legend in Chinese mainland.

"In the legendary 21-year history, the final judgment made by the Supreme People's Court of China for the first time has comprehensive reference and guiding significance for future related disputes."

Its meta-universe games have achieved profitability

"The competition in the meta-universe world is the comprehensive competition of the soft and hard power of cutting-edge science and technology." Wang Said in his speech. The metacosm represents the ultimate form of game development and is also seen as a technological revolution. If you want to win this competition, you must firmly adhere to the concept of "no limits" and give full play to the advantages of virtual world commercialization. In the field of digital twins, it realizes the virtual and real interaction between different industries, stimulates users' consumption desire, and brings a virtuous commercialization cycle for the ecological combination of online and offline in the entire "meta-universe".

He also mentioned that the "Ode to Rejuvenation" operated by Sheng Qu for the first time applied the interface of "AR meta-universe" to integrate historical scenes, scenic spot navigation, and multiple interactions into a digital empowerment of real-world interaction.

The relevant person in charge of the dot interactive team told the surging news reporter that the current R & D team has 50 people, and the biggest difficulty in the research and development process is the study and continuous iteration of the open world immersive gameplay.

"This game is the prototype of a metaverse game, because this game does not tell the player what to do, but lets the player decide what to play and how to play, which will further increase the development in the future, making it easier for players to create their own plot, gameplay and even the world."

In terms of profitability, "Shining Town" has achieved its own profitability, mainly from the income of virtual props such as clothing, houses, vehicles, pets, etc., and will continue to expand the scale of revenue with more updates.

Wang Tuo said that Century Huatong is also deeply involved in the construction of Tencent's Yangtze River Delta Artificial Intelligence Supercomputing Center in Shanghai's Songjiang District, providing underlying computing support for the development of its own 5G cloud games and the construction of the digital age. At the same time, it cooperates with Zhejiang University, TCCI and other research institutes to explore in the field of brain science such as digital medicine and digital medicine, and develop game-based digital therapy products.

Stock prices are relatively flattened by the metacosm concept

Previously, Century Huatong has repeatedly responded to investors on the topic of meta-universe on interactive platforms. As early as September 8 last year, Century Huatong stated that the metacosm is a huge concept, and the company will actively seek multi-faceted cooperation from the direction of beneficial to the company's development.

Since then, Century Huatong has repeatedly spoken out on the metaverse. In October, it said that the metaverse is not only a hot spot in the near future, but also the scene of using games to build a metaverse is regarded as an important development direction for the future of the game industry. The company pays close attention to the development of this field and actively carries out the layout.

In November, Century Huatong said it planned to build a legend with many developers into a meta-universe community. In December, it also said that the company has independently developed and completed two products in 2021, "Shanghai Red Classic Trail AR Tour" and "Performing Arts World AR Tour". Since then, we will continue to strengthen the research and development of products in related fields.

Last year, the sharp rise in metaverse concept stocks attracted widespread attention. The outside world generally believes that the fuse of the surge in domestic meta-universe concept stocks is Shenzhen Zhongqingbao Interactive Network Co., Ltd. (hereinafter referred to as "Zhongqingbao", 300052), on September 6, Zhongqingbao posted on the official public account that the company will launch a virtual and realistic fantasy linkage simulation business meta-universe game "Brewing Master".

After the news was released, Zhongqingbao rose and fell for two consecutive trading days. As of the close of trading on January 11 this year, Zhongqingbao's stock price has risen to 33.05 yuan, compared with 11.81 yuan on September 8 last year.

Compared with Zhongqingbao, the increase in century Huatong's stock price is not obvious. In August last year, Century Huatong's stock price rose from about 5 yuan to about 7 yuan, closing at 7.2 yuan on September 8 last year. As of January 11 this year, it closed at 8.25 yuan, and since the meta-universe concept has received capital attention, the stock price trend of Century Huatong has been relatively flat.

According to the third quarter financial report of Century Huatong in 2021, the revenue in the first three quarters was 10.786 billion yuan and the net profit attributable to the mother was 2.729 billion yuan, an increase of 11.58% year-on-year; the first three quarters achieved revenue of 10.786 billion yuan and the net profit attributable to the mother was 2.729 billion yuan, an increase of 11.58% year-on-year.