On April 27, leading domestic game company Sanqi Interactive disclosed its first-quarter financial report for 2026. Data shows that the company achieved a revenue of 3.72 billion yuan in the first quarter, an increase of 6.15% compared to the previous quarter; the net profit attributable to shareholders reached 873 million yuan, a significant year-on-year increase of 59.02%. This impressive performance is driven by the steady growth of the core gaming business and the explosive growth of returns from AI investments.

AI Investment "Turns Stones into Gold", Zhipu AI's Listing Contributes Core Growth

During this reporting period, the most notable highlight was the sharp increase in Sanqi Interactive's investment income. Data shows that the company's investment income increased by as much as 981.35% year-on-year, with an increase of 326 million yuan.

The key driver behind this explosive growth was the successful listing of Zhipu AI (Beijing Zhipu Huazhang Science and Technology Co., Ltd.). As a leading unicorn in the large model sector in China, Zhipu AI's GLM series models have reached internationally leading levels. Since its listing on the Hong Kong stock exchange in January this year, Zhipu AI's stock has performed extremely strongly, rising from an issue price of 116.20 HKD to break through the 1,000 HKD mark. As a result, Sanqi Interactive, as an associated enterprise, saw its investment income recognized under the equity method increase accordingly.

Investing in the "Four Little Dragons" of Large Models, Building a Hard Tech Investment Ecosystem

Sanqi Interactive's insight into the AI field is not limited to Zhipu AI. Currently, among the "Four Little Dragons" in the domestic large model sector, the company has strategically invested in Zhipu AI, Moonshot AI, and Baidu Intelligent. Among them, Moonshot AI has gained recognition in the industry with its ultra-long text processing capabilities, while Baidu Intelligent focuses on the healthcare vertical field.

Through this dual-layer model of "direct investment by the parent company + fund platform," Sanqi Interactive has quietly built an industrial ecosystem covering cutting-edge technologies such as AI chips, AR/MR, and brain-computer interfaces. This layout has not only brought substantial financial returns but also, through technological synergy, fed back AI technologies such as ultra-long text processing and efficient medical assistance into practical business scenarios like game customer service and intelligent assistants, achieving the strategic goal of "deepening the core business and expanding AI applications."

Long-term Efforts in the Gaming Core Business, New Product Portfolio Ready to Launch

While investment income has seen rapid growth, Sanqi Interactive's gaming fundamentals remain solid. The company ensures revenue resilience through meticulous long-term operations of existing products and strong performances of new titles such as "RO: World Journey" and "Last Asylum: Plague" in global markets.

In particular, "Last Asylum: Plague" successfully entered the top ten list of global mobile game revenue growth in March, further verifying the company's global publishing capabilities. Looking ahead, the company has a range of high-quality products including "The Usurper" and "Doupo Cangqiong: Dou Di Zhi Lu" in multiple sectors such as MMORPG, SLG, and card games. With the gradual approval of domestic licenses, these reserve projects are expected to continue releasing performance growth in the coming quarters.